reuters-021.json

{"21001":{"title":"CITYFED FINANCIAL CORP SAYS IT CUT QTRLY DIVIDEND TO ONE CENT FROM 10 CTS/SHR\n","date":"19-OCT-1987 15:37:46.03"},"21002":{"title":"HUGE OIL PLATFORMS DOT GULF LIKE BEACONS","body":"Huge oil platforms dot the Gulf like\nbeacons -- usually lit up like Christmas trees at night.\n    One of them, sitting astride the Rostam offshore oilfield,\nwas all but blown out of the water by U.S. Warships on Monday.\n    The Iranian platform, an unsightly mass of steel and\nconcrete, was a three-tier structure rising 200 feet (60\nmetres) above the warm waters of the Gulf until four U.S.\nDestroyers pumped some 1,000 shells into it.\n    The U.S. Defense Department said just 10 pct of one section\nof the structure remained.\n    U.S. helicopters destroyed three Iranian gunboats after an\nAmerican helicopter came under fire earlier this month and U.S.\nforces attacked, seized, and sank an Iranian ship they said had\nbeen caught laying mines.\n    But Iran was not deterred, according to U.S. defense\nofficials, who said Iranian forces used Chinese-made Silkworm\nmissiles to hit a U.S.-owned Liberian-flagged ship on Thursday\nand the Sea Isle City on Friday.\n    Both ships were hit in the territorial waters of Kuwait, a\nkey backer of Iraq in its war with Iran.\n    Henry Schuler, a former U.S. diplomat in the Middle East\nnow with CSIS said Washington had agreed to escort Kuwaiti\ntankers in order to deter Iranian attacks on shipping.\n    But he said the deterrence policy had failed and the level\nof violence and threats to shipping had increased as a result\nof U.S. intervention and Iran's response.\n    The attack on the oil platform was the latest example of a\nU.S. \"tit-for-tat\" policy that gave Iran the initiative, said\nHarlan Ullman, an ex-career naval officer now with CSIS.\n    He said with this appraoch America would suffer \"the death\nof one thousand cuts.\"\n    But for the United States to grab the initiative\nmilitarily, it must take warlike steps such as mining Iran's\nharbors or blockading the mouth of the Gulf through which its\nshipping must pass, Schuler said.\n    He was among those advocating mining as a means of bringing\nIran to the neogtiating table. If vital supplies were cut off,\nTehran could not continue the war with Iraq.\n    Ullman said Washington should join Moscow in a diplomatic\ninitiative to end the war and the superpowers should impose an\narms embargo against Tehran if it refused to negotiate.\n    He said the United States should also threaten to mine and\nblockade Iran if it continued fighting and must press Iraq to\nacknowledge responsibility for starting the war as part of a\nsettlement.\n    Iranian and Western diplomats say Iraq started the war by\ninvading Iran's territory in 1980. Iraq blames Iran for the\noutbreak of hostilities, which have entailed World War I-style\ninfantry attacks resulting in horrific casualties.\n    Each side has attacked the others' shipping.\n Reuter\n\u0003","date":"19-OCT-1987 15:35:53.55","topics":["crude","ship"],"places":["bahrain","iran","usa"]},"21003":{"title":"CCR VIDEO SAYST RECEIVED OFFER TO NEGOTIATE A TAKEOVER BY INTERCEP INVESTMENT CORP\n","date":"19-OCT-1987 15:34:40.05","topics":["acq"]},"21004":{"title":"GM <GM> CANADA UNIT MAJOR OFFER ACCEPTED BY UNION","body":"The Canadian Auto Workers' Union said it\naccepted an economic offer from the Canadian division of\nGeneral Motors Corp <GM> in contract negotiations.\n    But union president Bob White said many local issues at the\n11 plants in Ontario and Quebec still remained unresolved ahead\nof Thursday's deadline for a strike by 40,000 workers.\n    \"It minimizes the possibility of a strike,\" White told\nreporters.\n    However, \"if we don't have local agreements settled by\nThursday, there will be a strike,\" he said.\n    The local issues still unresolved involved health care,\nskilled trades and job classifications, White said.\n    GM Canada negotiator Rick Curd said he believed a strike\nwould be avoided.\n    \"Even though there are some tough issues to be resolved\nwe're on the right schedule to meet the target,\" Curd said.\n    \"I'm very pleased with the state of the negotiations,\" he\nsaid.\n    Union membership meetings have been scheduled for the\nweekend in case a tentative settlement, said White.\n    White said the union has also received assurances that a\njob protection pact negotiated with GM workers in the U.S. does\nnot threaten Canadian jobs.\n    The economic offer for a three-year pact largely matches\nagreements at Ford <F> and Chrysler <C> in Canada, which\ninclude inflation-indexed payments for future retirees and\nfixed annual payments for current retirees.\n    It also gives workers wage increases of three pct\nimmediately and 1.5 pct in each of the second and third years.\n Reuter\n\u0003","date":"19-OCT-1987 15:32:25.38","places":["canada"]},"21005":{"title":"CANADA DEVELOPMENT UNIT <CDC.TO> REFINANCES","body":"Canada Development Corp said its\n<Polysar Ltd> unit completed a refinancing package worth about\n830 mln Canadian dlrs.\n    The company said the financing, which involves 24 banks \nand four syndicated loans, consists of a 380 mln Canadian dlr\nrevolver, a 200 mln Canadian dlr European medium term loan, a\n149 mln Canadian dlr revolver and a 100 mln Canadian dlr\noperating loan.\n    The company said the refinancing will reduce borrowing\ncosts, in addition to having other benefits.\n Reuter\n\u0003","date":"19-OCT-1987 15:32:11.59","places":["canada"]},"21006":{"title":"DIPLOMATS CALL U.S. ATTACK ON OIL RIG RESTRAINED","body":"A U.S. attack on an Iranian oil platform\nin the Gulf on Monday appeared to be a tit-for-tat raid\ncarefully orchestrated not to be too provocative or upset Arab\nallies, Western diplomats in the region said.\n    U.S. Defence Secretary Caspar Weinberger said Monday that\nU.S. Warships destroyed the oil platform in the southern Gulf\nin response to a missile strike on the American-registered\nKuwaiti tanker Sea Isle City in Kuwaiti waters on Friday.\n    \"We consider the matter closed,\" he said, a signal the U.S.\nadministration did not want the Gulf crisis to escalate.\n    Iran had warned the United States earlier in the day\nagainst exacerbating the Gulf crisis, saying military action\nwould endanger American interests.\n    Following the raid, a okesman for Tehran's War\nInformation Headquarters vowed to avenge the attack with a\n\"crushing blow.\"\n    \"The United States has entered a swamp from which it can in\nno way get out safely,\" Tehran Radio quoted him as saying.\n    Diplomats noted, however, Iran was also seeking to avoid\nostracism by Arab states due to meet at a summit in Amman on\nNovember 8 and discuss the Iran-Iraq war.\n    Iranian Prime Minister Mir-Hossein Mousavi is currently in\nDamascus, and diplomats said he would seek Syrian help in\npreventing a total Arab breach with Tehran.\n    Further escalation of the war threatening the Gulf Arab\nstates could work against Tehran at the Amman gathering, they\nsaid.\n    \"The ball is in Iran's court now. It's up to Tehran to\nrespond one way or the other,\" a diplomat said.\n    President Ronald Reagan warned Iran of stronger American\ncountermeasures if the military escalation continued.\n    Western diplomats and military sources in the area said\nshelling the platform appeared to be the least provocative act\nthe United States could have taken once it had decided to\nretaliate for the tanker attack, blamed by both the Americans\nand Kuwaitis on Iran.\n    \"It's interesting that they chose something in international\nwaters because it doesn't implicate any other nation,\" one\ndiplomat said. \"This was better for U.S. Relations with the Gulf\nArab states, particularly Kuwait.\"\n    Commented another diplomat: \"Kuwait must be happy that the\nU.S. Has done something, but relieved that Faw was not attacked\non its doorstep.\"\n    One source said of the attack on the oil platform: \"They\nmanaged to warn off the crew and hit something that was the\nleast nuisance to everybody.\"\n    A diplomat commented: \"They were very clever in the place\nthey chose. It gets attention, but it hasn't devastated\nanything because it wasn't working in the first place.\"\n    A senior Arab banker in the area said after the news broke:\n\"This was a good, measured response without risking a flare-up\n... It is a face-saving response (for the Americans).\"\n Reuter\n\u0003","date":"19-OCT-1987 15:31:35.28","topics":["crude","ship"],"places":["bahrain","usa","iran"]},"21007":{"title":"BROWN DISC TO BUY RHONE-POULENC <RHON.PA> UNIT","body":"Brown Disc Products Co\nInc, a unit fo Genevar Enterprises Inc, said it has purchased\nthe ongoing business, trademarks and certain assets of\nRhone-Poulenc's Brown Disc Manufacturing unit, for undisclosed\nterms.\n    Rhone-Poulenc is a French-based chemical company.\n    Under the agreement, Rhone-Poulenc will supply magnetic\ntape and media products to Brown Disc Products.\n Reuter\n\u0003","date":"19-OCT-1987 15:30:22.56","topics":["acq"],"places":["usa","france"]},"21008":{"title":"DOW SINKS TO LOWEST LEVEL OF THE YEAR, DOWN 370 POINTS TO 1876\n","date":"19-OCT-1987 15:28:27.68"},"21009":{"title":"LANE TELECOMMUNICATIONS PRESIDENT RESIGNS","body":"Lane Telecommunications Inc <LNTL.O> said\nRichard Lane, its president and chief operating officer,\nresigned effective Oct 23.\n    Lane founded the company in 1976 and has been its president\nsince its inception, the company said.\n    He said he resigned to pursue other business interests.\n    Kirk Weaver, chairman and chief executive officer, said\nLane's resignation was amicable.\n    No replacement has been named.\n Reuter\n\u0003","date":"19-OCT-1987 15:27:23.12","places":["usa"]},"21010":{"title":"PERKIN-ELMER <PKN> WINS EPA CONTRACT","body":"Perkin-Elmer Corp said it won a\ncontract to provide laboratory information management systems\nto the Enviromental Protection Agency's 10 regional\nlaboratories.\n    The value and the exact duration of the contract was not\ndisclosed.\n    The company said the contract will include hardware,\nsoftware, installation, support services, and software analyst\nconsultations.\n Reuter\n\u0003","date":"19-OCT-1987 15:24:34.02","places":["usa"]},"21011":{"title":"WHIRLPOOL CORP <WHR> REG QTLY DIV","body":"Qtly div 27-1/2 cts vs 27-1/2 cts prior\n    Pay December 31\n    Record December Four\n Reuter\n\u0003","date":"19-OCT-1987 15:23:44.84","places":["usa"]},"21012":{"title":"CONSOLIDATED FREIGHTWAYS INC <CNF> 3RD QTR NET","body":"Shr 43 cts vs 63 cts\n    Net 16,362,000 vs 24,325,000\n    Revs 589.3 mln vs 549.1 mln\n    Nine Mths\n    Shr 1.40 dlrs vs 1.73 dlrs\n    Net 54,011,000 66,591,000\n    Revs 1.68 1.58 billion\n Reuter\n\u0003","date":"19-OCT-1987 15:23:41.70","topics":["earn"],"places":["usa"]},"21013":{"title":"LATEST ATTACK SEEN POINTING UP DILEMMAS FOR US","body":"Military experts say the United States\nfaces a dilemma in the Gulf following U.S. destruction of an\nIranian oil platform in retaliation for an attack on a\nU.S.-flagged tanker.\n    The experts told Reuters Tehran holds the initiative and is\nlikely to control the tempo and direction of the conflict as\nlong as America simply reacts to Iranian attacks by launching\nlimited retaliatory strikes.\n    But if Washington seizes the initiative with bolder steps\n-- such as mining Iran's harbors, blockading its shipping, or\ndestroying key bases -- it could find itself in a major war.\n    \"Iran is in the driver's seat in an absolute sense as the\ncycle of attack and retaliation continues,\" said Fred Axelgard,\na Gulf War expert with the private Center for Strategic and\nInternational Studies (CSIS).\n    \"It's like a Greek tragedy,\" said retired Adm. Eugene Carroll\nof Washington's private Center for Defense Information (CDI)\nthink tank.\n    Some Middle East experts say the only way out is for\nWashington to join forces with Moscow in pressing for an end to\nthe war between Iran and Iraq.\n    They say it is not feasible for America to withdraw its\n30-ship force from the Gulf area, where the Navy began\nescorting U.S.-flagged Kuwaiti tankers in July. Withdrawal \nwould give the appearance of being chased away by Iran, which\nPresident Reagan could never accept.\n    U.S. Defense Secretary Caspar Weinberger told a Pentagon\nnews conference the destroyers Kidd, Young, Leftwich and Hoel\nfired about 1,000 rounds of five-inch shells at Iran's Rostam\noil rig 120 miles east of Bahrain beginning at about 1400 Gulf\ntime (0700 EDT) on Monday.\n    Weinberger said the platform had been used as a military\nbase by Iran and that the attack responded to an Iranian\nSilkworm missile strike on the U.S.-flagged Kuwaiti tanker Sea\nIsle City on Friday.\n    Iranians manning the platform were warned in advance and\nallowed to escape.\n    \"We do not seek further confrontation with Iran, but we will\nbe prepared to meet any escalation of military action by Iran\nwith stronger countermeasures,\" Weinberger said.\n    \"We consider this matter closed,\" he said.\n    Analysts ranging from the liberal CDI to conservatives\nagreed the U.S. reaction was measured, reasonable and did not\nescalate the conflict unduly. But they said the question was\nwhether Iran would consider the matter closed. It had not taken\nthis view after earlier clashes.\n Reuter\n\u0003","date":"19-OCT-1987 15:23:36.33","topics":["crude","ship"],"places":["usa","iran","iraq","kuwait"]},"21014":{"title":"ROCHESTER TELEPHONE CORP <RTC> 3RD QTR NET","body":"Shr 96 cts vs 87 cts\n    Net 10.8 mln vs 9,671,000\n    Revs 103.9 mln vs 97.5 mln\n    Nine mths\n    Shr 2.73 dlrs vs 2.62 dlrs\n    Net 30.7 mln vs 29.3 mln\n    Revs 325.7 mln vs 302.8 mln\n Reuter\n\u0003","date":"19-OCT-1987 15:23:02.47","topics":["earn"],"places":["usa"]},"21015":{"title":"NATIONAL CITY <NCTY.O> UNIT BEGINS NEW SERVICE","body":"National City Corp's National City Bank\nunit said it has begun a personal computer-based financial\nmanagement service for small businesses.\n    The service, the InTouch Financial Manager, is based on a\npersonal computer system develoed by <Harbinger Comput\nServices> of Atlanta, and is licensed in Ohio by <Money Station\nInc>, an electronic funds transfer network.\n    National City said the service will allow businesses to use\na personal computer and a local telephone call to communicate\nwith their bank to initiate transactions and to receive data\nanmessages.\n Reuter\n\u0003","date":"19-OCT-1987 15:21:54.33","places":["usa"]},"21016":{"title":"SOUTH CAROLINA NATIONAL CORP <SCNC.O> 3RD QTR","body":"Shr 64 cts vs 55 cts\n    Net 14.0 mln vs 11.8 mln\n    Nine mths\n    Shr 1.83 dlrs vs 1.53 dlrs\n    Net 39.7 mln vs 32.7 mln\n    Assets 4.65 billion vs 4.53 billion\n    Loans 3.24 billion vs 2.92 billion\n    Deposits 3.32 billion vs 3.15 billion\n Reuter\n\u0003","date":"19-OCT-1987 15:20:42.71","topics":["earn"],"places":["usa"]},"21017":{"title":"MARINE CORP <MCOR.O> 3RD QTR NET","body":"Shr 30 cts vs 30 cts\n    Net 1,804,000 vs 1,800,000\n    Nine mths\n    Shr 89 cts vs 79 cts\n    Net 5,334,00 vs 4,496,000\n    NOTE: Earnings per share reflect initial public offering of\n534,750 common shares in March 1986 and 2-for-1 stock splits in\nJanuary and June 1986.\n Reuter\n\u0003","date":"19-OCT-1987 15:19:34.63","topics":["earn"],"places":["usa"]},"21018":{"title":"STATOIL AWARDS VESLEFRIKK OIL FIELD CONTRACTS","body":"Norwegian state oil company Den Norske\nStats Oljeselskap (Statoil) signed contracts worth a total of\n1.5 billion Norwegian crowns in connection with the development\nof the Veslefrikk oil field, Statoil said.\n    Moss Rosenberg Verft of Stavanger has been awarded a\ncontract to convert the the drilling platform West Vision to a\nfloating production platform. The work is to be completed in\nthe summer of 1989.\n    Aker Verdal has been awarded a contract for the\nengineering, purchasing and construction of the steel jacket\nfor the wellhead platform, also to be completed in 1989,\nStatoil said.\n Reuter\n\u0003","date":"19-OCT-1987 15:18:52.46","topics":["crude"],"places":["uk","norway"]},"21019":{"title":"U.K. TREASURY CONFIRMS BP SALE TO GO AHEAD","body":"The British Treasury confirmed that the\nsale of British Petroleum Co Plc will go ahead as planned,\ndespite Monday's stock market crash which forced BP below the\n330p a share set for the 7.2 billion stg issue.\n    \"The government are not considering terminating the BP\noffer. The offer has been fully underwritten,\" a Treasury\nspokesman said.\n    The issue, which remains open until October 28, was fully\nunderwritten last week when the issue price was set.\n    BP shares closed down 33p at 317p as the FT-SE 100 share\nindex crashed a record 249.6 points, more than 10 pct.\n Reuter\n\u0003","date":"19-OCT-1987 15:17:20.73","topics":["acq"],"places":["uk"]},"21020":{"title":"EGYPT TO BUILD HOUSING ESTATES AND ROADS FOR UGANDA","body":"Egypt has agreed to build two housing\nestates and two new roads in Uganda worth a total of 295\nmillion dollars, Egyptian commercial attache Muhammud el Tahan\nsaid.\n    He said Egyptian companies will build 8,000 housing units\nin Kampala and reconstruct the roads between Fort Portal and\nBundibugyo near the Zaire border in western Uganda and between\nKapchorwa and Swam near Mount Elgon in the east of the country.\nUganda would repay 70 per cent of the Egyptian Government\ncredit to finance the projects in the form of barter goods and\n30 per cent in hard currency, Tahan said.\n Reuter\n\u0003","date":"19-OCT-1987 15:14:42.04","places":["uganda","egypt"]},"21021":{"title":"UNION ACCEPTS GM CANADA'S ECONOMIC OFFER - MANY LOCAL ISSUES UNRESOLVED\n","date":"19-OCT-1987 15:12:27.51"},"21022":{"title":"HARMAN INTERNATIONAL <HIII.O> 1ST QTR SEPT 30","body":"Shr 30 cts vs 26 cts\n    Net 2,534,000 vs 1,695,000\n    Revs 98.8 mln vs 67.1 mln\n    Avg shrs 8,447,000 vs 6,563,000\n    NOTE: full name of company is harman international\nindustries inc.\n Reuter\n\u0003","date":"19-OCT-1987 15:10:34.40","topics":["earn"],"places":["usa"]},"21023":{"title":"GERMAN BANKER CALLS FOR SPECIAL MONETARY MEETING","body":"Finance ministers from major industrial\nnations should hold a special meeting to deal with the U.S.\nDollar's sharp decline, Helmut Geiger, president of the West\nGerman savings bank association, said.\n    Geiger told Reuters: \"Finance ministers should meet soon to\ntake confidence-building measures to limit the damage caused by\nthe dollar's fall.\"\n    Separately, Geiger told Bild newspaper in an interview\nreleased ahead of publication on Tuesday that the lower dollar,\nwhich had been artificially talked down by U.S. officials,\nwould damage West German exports and cost jobs.\n Reuter\n\u0003","date":"19-OCT-1987 15:10:11.16","topics":["money-fx"],"places":["west-germany"]},"21024":{"title":"FIRST BOSTON <FBC> STRATEGIC REVIEW IS UNDERWAY","body":"First Boston Inc said it is conducting a\nstrategic review of its operations as part of a general policy\nto periodically evaluate its business plans.\n    The company said it is too early to predict the outcome of\nthe review, although it does not expect radical changes in its\norganization.\n    Salomon Inc <SB> last week completed a strategic review\nthat resulted in substantial layoffs.\n    Other brokerage firms are either engaged in reviews or have\nmade major personnel cutbacks.\n Reuter\n\u0003","date":"19-OCT-1987 15:07:16.28","places":["usa"]},"21025":{"title":"NYSE TRADES MORE THAN 500 MLN SHARES IN RECORD VOLUME\n","date":"19-OCT-1987 15:07:01.53"},"21026":{"title":"FEDERAL SIGNAL CORP <FSS> REG QTLY DIV","body":"Qtly div 20 cts vs 20 cts prior\n    Pay January Seven\n    Record December 17\n Reuter\n\u0003","date":"19-OCT-1987 15:06:04.62","places":["usa"]},"21027":{"title":"ENTERTAINMENT MARKETING <EM> HEAD TO BUY SHARES","body":"Elias Zinn, chairman and chief executive\nof Entertainment Marketing Inc, said he planned to personally\npurchase up to 500,000 shares of Entertaiment Marketing common\nstock from time to time in the open market.\n    Zinn said his purchases would be subject to availability\nand acceptable price levels.\n Reuter\n\u0003","date":"19-OCT-1987 15:06:01.13","places":["usa"]},"21028":{"title":"THE BANKING CENTER <TBCX.O> 3RD QTR NET","body":"Shr 25 cts\n    Net 3,081,000 vs 2,063,000\n    Nine months\n    Shr 86 cts\n    Net 10.5 mln vs 6,966,000\n    Assets 1.43 billion vs 1.30 billion\n    Deposits 912.5 mln vs 875.8 mln\n    NOTE: Company converted to a stock savings bank on Aug 13,\n1986.\n    1986 results include operations of Realtech Realtors, which\nwas acquired in 1986.\n    1987 results include operations of Burgdorff Realtors,\nacquired in December 1986; Cornerstone Mortgage Co, acquired in\nJuly 1987; Centerbank Mortgage Co, acquired in July 1987; and\nCenter Capital Corp, formed in August 1987.\n Reuter\n\u0003","date":"19-OCT-1987 15:05:55.95","topics":["earn"],"places":["usa"]},"21029":{"title":"ROTO-ROOTER <ROTO.O> SEES IMPROVED 4TH QTR NET","body":"Roto-Rooter Inc said it expects\nfourth quarter profits to exceed the 22 cts a share reported\nfor the final quarter of 1986 and the 23 cts earned in 1987's\nthird quarter.\n    It reported the third quarter profit was up  pct from the\n20 cts a share earned during the quarter in 1986. Nine month\nprofits were up 23 pct to 64 cts a share from 52 cts last year.\n Reuter\n\u0003","date":"19-OCT-1987 15:05:50.99","places":["usa"]},"21030":{"title":"CALMAT <CZM> SUES INDUSTRIAL EQUITY","body":"CalMat Co said it filed suit in Los\nAngeles Superior Court against Industrial Equity (Pacific) Ltd,\nagainst certain of its affiliates and against Ronald Langley,\npresident of Industrial Equity's North American operations.\n    The company said its sut charges that Langley\nmissapropriated material non-public information acquired in his\ncapacity as a CalMat director and used the information for the\nbenefit of Industrial Equity.\n    According to its more recent amendment to its Schedule 13D,\nIndustrial Equity owned about 19.17 pct of CalMat's stock at\nOctober 14, CalMat said.\n    It said Industrial has also stated that it intends to\npursue a possible business combination in the near future.\n Reuter\n\u0003","date":"19-OCT-1987 15:05:42.30","topics":["acq"],"places":["usa"]},"21031":{"title":"REAGAN CALLS FOR VIGILANCE ON CERTAIN EXPORTS","body":"President Reagan said the Commerce\nDepartment should be vigilant in preventing the flow of\nstrategic technology from reaching the the Soviet Union and\nother communist countries.\n    He was speaking at the swearing in of C. William Verity as\nSecretary of the Commerce Department.\n    Verity said the U.S. should make certain that militarily\nsensitive high technology does not wind up in communist\nnations. But he also said the U.S. must reduce the list of\nproducts of a nontechnological nature, thereby allowing\nmanufacturers to increase exports and jobs.\n Reuter\n\u0003","date":"19-OCT-1987 15:05:31.45","topics":["trade"],"places":["usa","ussr"]},"21032":{"title":"WATTS INDUSTRIES INC <WATTA.O> 1ST QTR SEPT 27","body":"Shr 36 cts vs 27 cts\n    Net 4,538,000 vs 3,160,000\n    Sales 41.8 mln vs 32.8 mln\n    Avg shrs 12.6 mln vs 11.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 15:02:51.54","topics":["earn"],"places":["usa"]},"21033":{"title":"WHIRLPOOL <WHR> NAMES NEW CHAIRMAN","body":"Whirlpool Corp said it named\nDavid Whitwam to the additional position of chairman, effective\nDecember One, replacing Jack Sparks, who retires November 30.\n    It said Whitwam was elected president and chief executive\nofficer effective July One.\n    Sparks will continue to serve on Whirlpool's board of\ndirectors as chairman of the finance committee.\n Reuter\n\u0003","date":"19-OCT-1987 15:01:06.27","places":["usa"]},"21034":{"title":"MONITERM CORP <MTRM.O> 3RD QTR OPER NET","body":"Oper shr profit 13 cts vs nil\n    Oper net profit 612,806 vs profit 2,363\n    Sales 8,317,933 vs 2,823,243\n    Nine mths\n    Oper shr profit 32 cts vs loss four cts\n    Oper net profit 1,464,338 vs loss 161,315\n    Sales 20.3 mln vs 8,241,463\n    NOTE: 1987 earnings exclude gains from utilization of tax\nloss carryforwards of 321,980 dlrs, or seven cts a share in the\nquarter and 772,285 dlrs, or 17 cts a share for the nine months\n Reuter\n\u0003","date":"19-OCT-1987 14:59:03.82","topics":["earn"],"places":["usa"]},"21035":{"title":"SEEQ <SEEQD.O>, NATIONAL SEMI <NSM> IN ACCORD","body":"Seeq Technology Corp and\nNational Semiconductor Corp said they signed a four-year\nexclusive technology licensing and manufacturing agreement.\n    The agreement allows the two companies to share technology\nand marketing rights to Seeq's 512-kilobit and one-megabit\nsemiconductors and for National Semiconductor's 256-Kb FLASH\nEEPROMs, the companies said.\n    Financial terms of the arrangement were not disclosed.\n Reuter\n\u0003","date":"19-OCT-1987 14:57:51.62","places":["usa"]},"21036":{"title":"ERIE LACKAWANNA INC <ERIE.O> 3RD QTR NET","body":"Shr 1.32 dlrs vs 1.59 dlrs\n    Net 1,217,649 vs 1,471,824\n    Total income 1,896,018 vs 2,278,642\n    Nine mths\n    Shr 4.92 dlrs vs 5.38 dlrs\n    Net 4,553,380 vs 4,979,626\n    Total income 6,918,266 vs 8,134,313\n Reuter\n\u0003","date":"19-OCT-1987 14:57:12.59","topics":["earn"],"places":["usa"]},"21037":{"title":"QUANTUM CORP <QNTM.O> 2ND QTR SEPT 27 NET","body":"Shr 44 cts vs 30 cts\n    Net 4,057,000 vs 2,716,000\n    Sales 49.5 mln vs 29.6 mln\n    Six Mths\n    Shr six cts vs 55 cts\n    Net 518,000 vs 5,167,000\n    Sales 89.7 mln vs 54.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 14:56:58.45","topics":["earn"],"places":["usa"]},"21038":{"title":"TERMIFLEX CORP <TFLX.O> 1ST QTR SEPT 30 NET","body":"Shr five cts vs seven cts\n    Net 64,652 vs 96,157\n    Sales 1,205,321 vs 1,499,591\n    NOTE: Backlog three mln dlrs vs 2,600,000 as of June 30,\n1987.\n Reuter\n\u0003","date":"19-OCT-1987 14:56:46.00","topics":["earn"],"places":["usa"]},"21039":{"title":"DURAKON <DRKN.O> TO MAKE ACQUISITION","body":"Durakon Industries Inc said it has\nentered into a definitive agreement to acquire DFM Corp, a\nmaker of bug and gravel protective shields for trucks and cars,\nfor an undisclosed amount of cash and debentures, retroactive\nto September One.\n Reuter\n\u0003","date":"19-OCT-1987 14:56:31.92","topics":["acq"],"places":["usa"]},"21040":{"title":"ATLANTIS <AGH> MAY BID FOR CHARTER-CRELLIN<CRTR.O>","body":"Atlantis Group Inc said it bought\n100,000 shares of Charter-Crellin Inc common stock, or 6.3 pct\nof the total outstanding, and may seek control in a negotiated\ntransaction.\n    In a filing with the Securities and Exchange Commission,\nAtlantis said it has informally discussed a business\ncombination with Charter-Crellin management.\n    But the company said it has not held negotiations with\nCharter-Crellin and does not intend to initiate further\ndiscussions.\n    Pending development of specific proposals, Atlantis said it\nwill continue to purchase additional Charter-Crellin shares in\nprivate or open market transactions depending on a range of\nfactors including the market price of the stock.\n    Atlantis said it bought its Charter-Crellin common stock in\nopen market transactions between September 22 and October 7 at\n14.91 dlrs to 15.62 dlrs a share, or for a total of about 1.51\nmln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 14:56:25.95","topics":["acq"],"places":["usa"]},"21041":{"title":"ALLWASTE <ALWS.O> TO MAKE ACQUISITION","body":"Allwaste Inc said it has agreed in\nprinciple to acquire a privately-held firm that performs\ninterior cleaning services for tank-trailers for 1,300,000\ncommon shares.\n    It said the firm, which it did not name, earned about\n1,500,000 dlrs pretax for the first nine mons of 1987.\n    The company said closing is expected by October 31.\n Reuter\n\u0003","date":"19-OCT-1987 14:56:02.82","topics":["acq"],"places":["usa"]},"21042":{"title":"TRAVELERS REAL ESTATE <TRAT.O> 3RD QTR NET","body":"Shr 18 cts vs 27 cts\n    Net 444,387 vs 676,593\n    Revs 549,437 vs 764,901\n    Nine mths\n    Shr 67 cts vs 81 cts\n    Net 1,690,670 vs 2,031,937\n    Revs 1,986,938 vs 2,302,278\n    NOTE: Full name is Travelers Real Estate Investment Trust\n Reuter\n\u0003","date":"19-OCT-1987 14:55:53.51","topics":["earn"],"places":["usa"]},"21043":{"title":"SAFEGUARD <SFGD.O> TO BUY BACK MORE SHARES","body":"Safeguard Health Enterprises Inc\nsaid its board authorized management to step up its stock\nrepurchase program by doubling the repurchase ceiling to 1.6\nmln shares.\n    The company also said it has already purchased 691,000\nshares through September 30 under the previous authorization to\nbuy 800,000 shares, or 10 pct of the stock then outstanding.\n Reuter\n\u0003","date":"19-OCT-1987 14:55:34.56","places":["usa"]},"21044":{"title":"NEW YORK TIMES CO <NYT> 3RD QTR NET","body":"Shr 40 cts vs 33 cts\n    Net 32.6 mln vs 26.7 mln\n    Revs 406.5 mln vs 370.1 mln\n    Nine months\n    Shr 1.44 dlrs vs 1.20 dls\n    Net 117.8 mln vs 97.5 mln\n    Revs 1.2 billion vs 1.1 billion\n Reuter\n\u0003","date":"19-OCT-1987 14:55:26.31","topics":["earn"],"places":["usa"]},"21045":{"title":"SAFEGUARD HEALTH <SFGD.O> 3RD QTR NET","body":"Shr 11 cts vs five cts\n    Net 806,000 vs 384,000\n    Revs 18.0 mln vs 15.6 mln\n    Nine Mths\n    Shr 28 cts vs 17 cts\n    Net 2,105,000 vs 1,320,000\n    Revs 51.9 mln vs 46.1 mln\n    Note: Full name Safeguard Health Enterprises Inc.\n Reuter\n\u0003","date":"19-OCT-1987 14:55:10.41","topics":["earn"],"places":["usa"]},"21046":{"title":"HENLEY <HENG.O> ENDS TALKS WITH SANTE FE","body":"Henley Group Inc said it ended\ntalks with Sante Fe Southern Pacific Corp concerning the\npossible acquisition of Sante Fe's Southern Pacific\nTransportation Co subsidiary.\n    The company also said it is reviewing its investment in\nSanta Fe Southern Pacific in light of Sante Fe's announcement\nthat it recieved several bids ranging from 750 mln dlrs to more\nthan one billion dlrs for its Southern Pafific Transportation\nsubsidiary.\n   \n    Henley said it held discussions with Sante Fe concerning\nthe acquisition by Henley of Bankers Leasing and Financial Corp\nand certain Sante Fe transportation and real estate assets.\n    Henley said it began talks with Sante Fe after it announced\nits restructuring program in August 1987.\n    As previously disclosed, Henley made necessary filings\nunder the Hart-Scott-Rodino Antitrust Improvement Acts to\npermit Henley to increase its investment in Sante Fe to 24.9\npct of the outstanding common stock from 5.03 pct.\n   \n    Henley said that depending on prevailing conditions,\nincluding price and availability of Sante Fe stock, substantial\ndevelopments affecting Sante Fe, other investment and business\nopportunities available to Henley, Henley may additional Sante\nFe shares, or sell all or part of its investment in Sante Fe.\n Reuter\n\u0003","date":"19-OCT-1987 14:55:01.65","topics":["acq"],"places":["usa"]},"21047":{"title":"MERCURY SAVINGS AND LOAN <MSL> 3RD QTR LOSS","body":"Shr loss 39 cts vs profit 44 cts\n    Net loss 2,169,000 vs profit 2,417,000\n    Nine Mths\n    Shr profit 56 cts vs profit 1.68 dlrs\n    Net profit 3,111,000 vs profit 9,317,000\n    Note: Full name Mercury Savings and Loan Association\n'\n Reuter\n\u0003","date":"19-OCT-1987 14:54:15.03","topics":["earn"],"places":["usa"]},"21048":{"title":"CARMIKE <CMIKA.O> OPENS SIX-SCREEN THEATER","body":"Carmike Cinemas Inc said it has\nopened a six-screen theter called Carmike Six in Milledgeville,\nGa.\n Reuter\n\u0003","date":"19-OCT-1987 14:53:33.35","places":["usa"]},"21049":{"title":"BURNHAM SERVICE CORP <BSCO.O> 3RD QTR NET","body":"Shr 45 cts vs 36 cts\n    Net 2,554,000 vs 1,954,000\n    Revs 44.4 mln vs 32.5 mln\n    Nine mths\n    Shr 1.00 dlrs vs 75 cts\n    Net 5,461,000 vs 3,756,000\n    Revs 109.5 mln vs 89.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 14:53:09.31","topics":["earn"],"places":["usa"]},"21050":{"title":"TEXAS AMERICAN BANCSHARES <TXA> TO SELL UNIT","body":"Texas American Bancshares Inc\nsaid it agreed to sell its Texas American Bank/Levelland unit\nto <First American Bancorp Inc> for about 12 mln dlrs in cash.\n    Texas American said regulatory approval ofthe transaction\nis expected in December, and the sale will close shortly\nthereafter.\n    Once the sale is completed, the unit's name will change to\nFirst American Bank of Texas. The unit reported total assets of\n196.7 mln dlrs on Juen 30, 1987.\n Reuter\n\u0003","date":"19-OCT-1987 14:52:58.11","topics":["acq"],"places":["usa"]},"21051":{"title":"SUPERMARKETS GENERAL <SGL> SELLS 11 DRUG STORES","body":"Supermarkets General Corp said it\nagreed to sell 11 super drug stores to <F and M Distributors>.\n    The nine existing and two unopened stores are located in\nMaryland, Virginia and upstate New York and are operated under\nthe Pathmark Super Drug trade name, the company said.\n    Terms of the transaction were not disclosed.\n    The nine existing stores generated approximately 34.8 mln\ndlrs of Supermarkets General's total sales of 2.9 billion\nduring the six-month period ended Aug One, 1987.\n    F and M Distributors operates 42 discount drug stores in\nMichigan, Ohio, Illinois, Indiana and Wisconsin.\n Reuter\n\u0003","date":"19-OCT-1987 14:52:34.06","topics":["acq"],"places":["usa"]},"21052":{"title":"TRAVELERS REAL ESTATE <TRAT.O> PAYOUT CUT","body":"Travelers Real Estate Investment Trust\n    Qtly div 17 cts vs 23 cts in prior qtr\n    Payable November 25\n    Record October 30\n    It said the lower dividend reflects the reduction in cash\nflow from a mortgage secured by a motel in Covington, La.\n    The trust said an appraisal is being made of the Covington\nproperty to determine whether an increase in loss reserve will\nbe required at year end.\n   \n    Travelers REIT said its investment adviser, Keystone Realty\nAdvisers has committed to lend the trust up to 500,000 dlrs for\na term of two years to cover past due payables and capital\nimprovements on the Covington motel.\n    Keystone Realty is an affiliate of the Keystone Group, a\nTraverlers Corp <TIC> subsidiary.\n Reuter\n\u0003","date":"19-OCT-1987 14:51:53.39","places":["usa"]},"21053":{"title":"ERC INTERNATIONAL INC <ERC> 3RD QTR NET","body":"Shr 31 cts vs nine cts\n    Net 1,345,000 vs 368,000\n    Revs 31.9 mln vs 26.4 mln\n    Nine mths\n    Shr 91 cts vs 40 cts\n    Net 3,890,000 vs 3,556,000\n    Revs 89.3 mln vs 71.7 mln\n    NOTE: 1986 qtr and nine mths include loss 831,000 dlrs, or\n19 cts per share, and loss 1,872,000 dlrs, or 44 cts per share,\nrespectively, from discontinued operations.\n Reuter\n\u0003","date":"19-OCT-1987 14:51:34.80","topics":["earn"],"places":["usa"]},"21054":{"title":"KING WORLD <KWP> SAYS SHOW EXTENDED","body":"King World Productions Inc said its\nsyndicated television series \"The Oprah Winfrey Show\" has been\nextended through the 1989-90 broadcast season.\n    It said six of the top 10 markets have renewed the series\nthrough the end of the decade.\n Reuter\n\u0003","date":"19-OCT-1987 14:51:26.65","places":["usa"]},"21055":{"title":"PAINEWEBBER GROUP INC <PWG> 3RD QTR NET","body":"Shr 44 cts vs 71 cts\n    Net 14.8 mln vs 21.1 mln\n    Revs 628.6 mln vs 605.6 mln\n    Avg shrs 30,743,000 vs 26,969,000\n    Nine mths\n    Shr 2.01 dlrs vs 1.93 dlrs\n    Net 65.0 mln vs 57.4 mln\n    Revs 1.89 billion vs 1.81 billion\n    Avg shrs 30,782,000 vs 26,619,000\n Reuter\n\u0003","date":"19-OCT-1987 14:50:41.28","topics":["earn"],"places":["usa"]},"21056":{"title":"CANADA JUNE BUDGET DEFICIT 2.66 BILLION DLRS VS YEAR AGO 2.80 BILLION DLRS - OFFICIAL          \n","date":"19-OCT-1987 14:49:20.85"},"21057":{"title":"COUNTRYWIDE <CCR> SEES 3RD QTR NET OF 20 CTS","body":"Countrywide Credit Industries Inc said\nit expects fiscal third quarter earnings of 20 or 21 cents per\nfully diluted share, based on 18 mln shares outstanding.\n    The company posted net income of 31 cents per fully diluted\nshare in the previous third quarter ended November 30 last\nyear, based on 12 mln shares outstanding.\n    Angelo Mozilo, vice chairman and executive vice president,\nalso told security analysts that that company should have a\ntotal loan servicing portfolio of 11 billion or 12 billion dlrs\nby the end of the current fiscal year, in February 1988.\n    Countrywide Credit, a financial service company primarily\ninvolved in mortgage banking, reported 4.5 billion dlrs in its\nloan servicing portfolio for the last fiscal year.\n    In addition, Mozilo said the company was continuing to\nreduce expenses by one mln dlrs a month and should bring total\ncosts down by three mln dlrs at the end of the quarter.\n    He said about 55 pct of the cost cuts were in personnel,\nand that the company had reduced the number of its offices\nnationwide by 11 in recent months.\n Reuter\n\u0003","date":"19-OCT-1987 14:47:08.40","places":["usa"]},"21058":{"date":"19-OCT-1987 14:45:58.06","topics":["crude"],"organisations":["opec"],"places":["venezuela"]},"21059":{"title":"ATLANTIS GROUP TELLS SEC IT SEEKS NEGOTIATED PURCHASE OF CHARTER-CRELLIN\n","date":"19-OCT-1987 14:45:13.72","topics":["acq"],"places":["usa"]},"21060":{"title":"DYNASCAN <DYNA.O> COMPLETES MANAGEMENT BUYOUT","body":"Dynascan Corp said it completed the sale\nof its industrial electronic products group and expects to \nrecognize about a 3.0 mln dlr pretax gain on the transaction in\nthe fourth quarter.\n    It said the group was sold October 15 for 13.5 mln dlrs to\nMaxtec International Corp, a privately held company created by\nthe company's management team.\n    It said the purchase price was 12 mln dlrs in cash and 1.5\nmln dlrs in five-year notes plus warrants to buy 7.0 pct of the\nstock of Maxtec.\n    Dynascan said the group was projected to provide about 12\npct of its consolidated sales in 1987.\n Reuter\n\u0003","date":"19-OCT-1987 14:44:27.84","topics":["acq"],"places":["usa"]},"21061":{"title":"HENLEY GROUP REVIEWING INVESTMENT IN SANTA FE SOUTHERN PACIFIC\n","date":"19-OCT-1987 14:43:45.78","topics":["acq"]},"21062":{"title":"PALL CORP <PLL> SETS QUARTERLY","body":"Qtly div 8-1/2 cts vs 8-1/2 cts prior\n    Pay Nov 13\n    Record Oct 30\n Reuter\n\u0003","date":"19-OCT-1987 14:43:38.56","places":["usa"]},"21063":{"title":"HENLEY GROUP SAID IT ENDED TALKS ON BUYING SOUTHERN PACIFIC FROM SANTA FE SOUTHERN \n","date":"19-OCT-1987 14:42:48.01","topics":["acq"]},"21064":{"title":"PAINEWEBBER GROUP INC 3RD QTR SHARE 44 CTS VS 71 CTS\n","date":"19-OCT-1987 14:42:12.65"},"21065":{"title":"RENTA INMOBILIARIA SEEKS CANNON GROUP <CAN> ASSETS","body":"Spanish property firm <Renta Inmobiliaria\nSA> is negotiating to buy the property assets of U.S. media\ncompany Cannon Group Inc <CAN>, Renta's finance director Jose\nLuis Sanchez said.\n    Sanchez told Reuters that Renta's chairman Juan Antonio\nRobles was currently in the U.S. to negotiate the deal but\ndeclined to give other details.\n    Interpart, a Luxembourg-based holding company chaired by\nItalian financier Giancarlo Paretti, payed around 12.2 billion\npesetas in July to acquire a 63.5 pct stake in Renta\nInmobiliaria.\n    The Spanish daily newspaper El Pais said the Cannon\nproperty assets sought by Renta included the Elstree film\nstudios in Britain and a chain of movie-theaters in Europe and\nthe U.S.\n   \n Reuter\n\u0003","date":"19-OCT-1987 14:42:08.28","topics":["acq"],"places":["spain","uk","usa"]},"21066":{"title":"STOP AND SHOP <SHP> TO REPURCHASE SHARES","body":"Stop and Shop Cos Inc said its board has\nauthorized the repurchase of up to five pct of its common\nshares from time to time at prevailing market prices.\n Reuter\n\u0003","date":"19-OCT-1987 14:41:38.02","places":["usa"]},"21067":{"title":"SOUTHLAND <SLC> UNIT RAISES CRUDE OIL PRICES","body":"Citgo Petroleum Corp, a subsidiary of\nSouthland Corp, said it raised the contract price it will pay\nfor all grades of crude oil by 50 cts a barrel, effective Oct\n16\n    The increase brings Citgo's postings for the West Texas\nIntermediate and West Texas Sour grades to 19.00 dlrs/barrel,\nwhile Light Louisiana SWeet is now priced at 19.35 dlrs.\n    Citgo last changed it crude oil postings on Sept 9.\n Reuter\n\u0003","date":"19-OCT-1987 14:41:28.16","topics":["crude"],"places":["usa"]},"21068":{"title":"NEW YORK TIMES CO 3RD QTR SHR 40 CTS VS 33 CTS\n","date":"19-OCT-1987 14:41:09.93"},"21069":{"title":"<THERMASCAN INC> RECEIVES FDA APPROVAL ON DRUG","body":"Thermascan Inc said the U.S. Food and\nDrug Administration has approved clinical trials of a new,\nadvanced AIDS confirmation test developed by the company.\n    Thermascan said that about 10,000 trials will be taken on\nthe the new test, called Fluorognost in the next three months\nthrough blood banks, hospitals and health centers as well as by\nindividual physicians.\n    The trials will be conducted in New York at the Beth Israel\nMedical Centre, the Sacremento Medical foundation Blood Center,\nthe Karolinska Institute, Stockholm, and the Institute of\nHygiene at the University of Innspruck.\n Reuter\n\u0003","date":"19-OCT-1987 14:40:54.90","places":["usa"]},"21070":{"title":"GOTTSCHALKS <GOT> TO BUY BACK STOCK","body":"Gottschalks Inc said its board\nauthorized management to purchase up to 300,000 of the\ncompany's outstanding shares, or about 3.5 pct of the stock\noutstanding, because the company believes its shares are\ncurrently undervalued.\n    It said the purchases will be made from time to time on the\nopen market.\n Reuter\n\u0003","date":"19-OCT-1987 14:40:47.20","places":["usa"]},"21071":{"title":"GROUP SELLS MOST OF STAKE IN CCX INC <CCX>","body":"A shareholder group including Far\nHills, N.J. attorney Natalie Koether said it reduced its stake\nin CCX Inc common stock to 10,000 shares, or less than one pct\nof the company's common stock outstanding, from a previous\nstake of about ten pct.\n    In a filing with the Securities and Exchange Commission,\nthe group said it sold 380,000 CCX common shares on October 15\nat four dlrs a share.\n    The group gave no reason for the sales.\n Reuter\n\u0003","date":"19-OCT-1987 14:40:42.14","topics":["acq"],"places":["usa"]},"21072":{"title":"LEISURE AND TECHNOLOGY <LVX> SELLS NOTES","body":"Leisure and Technology In is raising\n40 mln dlrs through an offering of notes due 1999, said sole\nmanager Merrill Lynch Capital Markets.\n    The notes have a 15-3/4 pct coupon and were priced at par.\n    Non-callable for three years and non-refundable for five\nyears, the issue is rated B-2 by Moody's Investors Service Inc\nand B by Standard and Poor's Corp.\n Reuter\n\u0003","date":"19-OCT-1987 14:40:07.34","places":["usa"]},"21073":{"title":"ORION <OC> HAS 5.2 PCT TWIN DISC <TDI> STAKE","body":"Orion Capital Corp said it acquired\n163,000 shares of Twin Disc Inc common stock, or 5.2 pct of the\ncompany's common stock outstanding.\n    In a filing with the Securities and Exchange Commission,\nOrion Capital said the stock represents \"a favorable investment\nopportunity at current market prices.\"\n    In open market transactions between August 21 and October\n16, an Orion Capital subsidiary bought 56,200 Twin Disc common\nshares at 21.06 dlrs to 22.43 dlrs a share. The entire 5.2 pct\nstake was purchased at a cost of 3.2 mln dlrs, Orion Capital\ntold the SEC.\n    \n Reuter\n\u0003","date":"19-OCT-1987 14:39:55.20","topics":["acq"],"places":["usa"]},"21074":{"title":"MOBIL <MOB> RAISES PLASTIC GROCERY BAG CAPACITY","body":"Mobil Corp's Mobile Chemical Co said it\nis expanding its plastic grocery sack production by 20 pct with\ntwo new manufacturing lines at its Temple, Texas, plant.\n    Mobil said the new lines will begin operation next year.\n    A spokesman said no information on cost or capacity of the\nequipment is available.\n\n Reuter\n\u0003","date":"19-OCT-1987 14:39:13.69","places":["usa"]},"21075":{"title":"QUANTUM <QNTM.O> SETTLES SUIT WITH NEC","body":"Quantum Corp said it agreed to\nsettle a suit which charged NEC Corp and its NEC Information\nSystems Inc subsidiary with infringing on a Quantum patent for\na disk drive architecture.\n    The company said the settlement agreement calls for NEC and\nNEC Information to pay a total of 2,975,000 dlrs.\n    It said the arrangement follows a recent court order that\ngranted Quantum's motion for summary judgment and ruled that\nNEC infringed on the Quantum patent.\n Reuter\n\u0003","date":"19-OCT-1987 14:38:56.05","places":["usa"]},"21076":{"title":"VENEZUELA SEES OIL STABILITY DESPITE GULF ATTACK","body":"Venezuelan Energy Minister Arturo\nHernandez Grisanti said he foresaw market stability in the\nprice of crude, despite growing tension in the Gulf augmented\nby the U.S. military attack on an Iranian oil platform.\n    He told a news conference the market continues to be stable\ndespite all the military action in the Gulf.\n Reuter\n\u0003","date":"19-OCT-1987 14:38:08.85","topics":["crude"],"places":["venezuela","usa","iran"]},"21077":{"title":"<EUROPEAN AMERICAN BANCORP> 3RD QTR NET","body":"Net 13,185,000 vs 6,715,000\n    Nine mths\n    Net 26.2 mln vs 15.3 mln\n    NOTE: Company is owned by a consortium of European banks.\n Reuter\n\u0003","date":"19-OCT-1987 14:37:44.00","topics":["earn"],"places":["usa"]},"21078":{"title":"NORTHEAST SAVINGS <NSB> ADOPTS RIGHTS PLAN","body":"Northeast Savings F.A. said its\nboard adopted a shareholder rights plan designed to protect the\ncompany from coercive takeover tactics and bids not fair to all\nsharholders.\n    Under the plan, the board declared a dividend of one share\npurchase right for each of the Northeast common shares held of\nrecord as of November two, the company said.\n    Initially, the rights are not exerciseable, rights\ncertificates are not distributed, and the rights automatically\ntrade with Northeast's shares, the company said.\n    However, 20 days following the acquisition of 20 pct or\nmore of Northeast's common shares shares or 20 days following\nthe commencement of a tender offer for 30 pct or more of\nNortheast's shares, the rights will become exerciseable and\nseparate rights certificates will be distributed, the company\nsaid.\n    The rights will entitle holders of Northeast's common\nshares to purchase additional shares at an exercise price of 60\ndlrs a share, the company said.\n    The company said that in the event of certain triggering\nevents described in the rights plan, holders of the rights,\nother than an acquiring person, will be entitled to acquire\nNortheast's common shares having a market value of twice the\nthen-current exercise price of the rights. Also, in the event\nNortheast enters into certain business combination\ntransactions, holders of the rights will be provided a right to\nacquire equity securities of the acquiring entity having a\nmarket value of twice the then-current exercise price of the\nrights, the company said. Northeast said it will be entitled to\nredeem the rights at one cent per right until the occurence of\ncertain events.\n Reuter\n\u0003","date":"19-OCT-1987 14:37:31.72","topics":["acq"],"places":["usa"]},"21079":{"title":"U.S. OIL <USOC.O> HAS NEW MANAGEMENT","body":"United States Oil Co said Dr. V. di\nGuevara Suardo Fabbri was appointed president and chief\nexeuctive, effective October 31, replacing William Rueckert,\nwho will resign on that date.\n    Rueckert told Reuters he resigned to puruse other business\nactivities.\n    Last November, Fabbri bought a controlling interest in the\ncompany and has since brought in his own management.\n    The company said that three new directors have been elected\nand that one present director resigned effective October 16.\n Reuter\n\u0003","date":"19-OCT-1987 14:37:06.16","places":["usa"]},"21080":{"title":"U.S. DRAFTS SANCTIONS IN ARGENTINA SOY CASE","body":"The U.S. is drafting options including\npossible trade retaliation against Argentina in a dispute over\nthe differential between soybean and product  taxes which\nBuenos Aires levies on exports.\n    The drafting of retaliation options follows the failure\nof high-level talks earlier this month to resolve a case filed\nby the U.S. National Soybean Processors Association, U.S.\nofficials said. The NSPA charged that Argentina's differential\nexport taxes implicitly subsidize soyproduct exports in\ncompetition with the U.S.\n    \"Our only option is some sort of retaliation to restrict\n(Argentine) access to our market,\" said one U.S. source.\n   \n    The U.S. shelved the NSPA case earlier this year after\nTrade Representative Clayton Yeutter said Argentina agreed to\nend the differential.\n    But when Argentina announced export taxes for the 1987/88\nyear in July, the differential was narrowed only one pct.\n    Deputy trade representative Michael Smith met Agriculture\nminister Ernesto Figuerras and Economy minister Juan Sourroille\non September 29 and the Argentine officials said they could not\nnarrow the differential further for 1987/88.\n    As a result of the impasse, the U.S. is considering\nrestrictions on imports of items such as Argentine corned beef\nand finished leather, the U.S. sources said.\n    A decision on reprisals is likely to be made by the Reagan\nadministration soon, they said.\n Reuter\n\u0003","date":"19-OCT-1987 14:36:15.11","topics":["oilseed","soybean"],"places":["usa","argentina"]},"21081":{"title":"KAUFEL GROUP LTD (KFL.TO) 4TH QTR AUG 31 NET","body":"Shr 17 cts vs 13 cts\n     Net 2.1 mln vs 1.03 mln\n     Revs 15.6 mln vs 12 mln\n     Nine mths\n     Shr 58 cts vs 37 cts\n     Net 6.9 mln vs 3.7 mln\n     Revs 56.2 mln vs 27.5 mln\n     Avg shrs 11.9 mln vs 10.0 mln\n Reuter\n\u0003","date":"19-OCT-1987 14:36:05.75","topics":["earn"],"places":["canada"]},"21082":{"date":"19-OCT-1987 14:35:51.12","topics":["acq"],"places":["usa"]},"21083":{"title":"REXON <REXN.O> TO BUY BACK STOCK","body":"Rexon Inc said its board\nauthorized management to buy back up to 15 mln dlrs worth of\nthe company's common shares because the company believes that\nthe stock is an attractive investment at this time.\n    The stock would be used to offset the potentially dilutive\neffects of options exercises and of other shares which might be\nissued in the future, Rexon said.\n Reuter\n\u0003","date":"19-OCT-1987 14:35:20.69","places":["usa"]},"21084":{"title":"MAGNA GROUP INC <MAGI.O> SETS PAYOUT","body":"Qtly div 17 cts vs 17 cts prior\n    Pay Dec 10\n    Record Nov 15 \n Reuter\n\u0003","date":"19-OCT-1987 14:34:45.34","places":["usa"]},"21085":{"title":"WEIS MARKETS INC <WMK> SETS PAYOUT","body":"Qtly div 11 cts vs 11 cts prior\n    Pay Jan Six\n    Record Dec 16 \n Reuter\n\u0003","date":"19-OCT-1987 14:34:42.29","places":["usa"]},"21086":{"title":"EASTERN UTILITIES ASSOCIATES <EUA> SETS PAYOUT","body":"Qtly div 57-1/2 cts vs 57-1/2 cts prior\n    Pay Nov 15\n    Record Oct 30\n Reuter\n\u0003","date":"19-OCT-1987 14:34:26.75","places":["usa"]},"21087":{"title":"ZURN INDUSTRIES INC <ZRN> SETS QUARTERLY","body":"Qtly div 17 cts vs 17 cts prior\n    Pay Jan 15\n    Record Dec 11\n Reuter\n\u0003","date":"19-OCT-1987 14:34:12.29","places":["usa"]},"21088":{"title":"VWR CORP <VWRX.O> SETS QUARTERLY","body":"Qtly div 20 cts vs 20 cts prior\n    Pay Dec Four\n    Record Nov 16\n Reuter\n\u0003","date":"19-OCT-1987 14:34:09.03","places":["usa"]},"21089":{"title":"COASTAL <CGP> TO BUY BACK UP TO ONE MLN SHARES","body":"Coastal Corp said it authorized the\npurchase of up to one mln shares of the company's common stock.\n    Coastal said the purchases were authorized because it\nbelieves the current market price of the stock is substantially\nless than the underlying value of the shares.\n    Coastal has 46.4 mln shares of common stock outstanding.\n    The company said the repurchases would not affect the\ncompany's ability to pay down 300 mln dlrs in outstanding debt\nand preferred stock by year-end.\n Reuter\n\u0003","date":"19-OCT-1987 14:34:05.37","places":["usa"]},"21090":{"title":"SMITHKLINE <SKB> OPENS PLANT IN CHINA","body":"SmithKline Beckman Corp said it\nopened an 8.5 mln dlr pharmaceutical manufacturing plant in\nTianjin, China.\n    The plant will make pharmaceutical products for the joint\nventure company, Tianjin Smith Kline and French Laboratories.\n    SmithKline said the joint venture combines Smith Kline and\nFrench Laboratories, the pharmaceutical unit of SmithKline\nBeckman, the <Tianjin Medical Co>, and <Hebel Chemical Plant>\nin Tianjin.\n    The plant has the capability to produce one billion tablets\nand 200 mln capsules a year.\n Reuter\n\u0003","date":"19-OCT-1987 14:30:56.94","places":["usa","china"]},"21091":{"title":"U.S. EXPORT INSPECTIONS, IN THOUS BUSHELS,  SOYBEANS 16,333 WHEAT 30,917 CORN 36,781\n","date":"19-OCT-1987 14:30:25.97","topics":["oilseed","soybean","grain","wheat","corn"]},"21092":{"title":"TRAVELERS REALTY INCOME <TRIIS.O> PAYOUT CUT","body":"Qtly div 24 cts vs 28 cts in prior qtr\n    Payable November 25\n    Record Oct 30\n    NOTE: Full name is Travelers Realty Income Investors. It\nsaid the lower dividend reflects the reduction in cash flow\nfrom a mortgage secured by a motel in Slicell, La.\n Reuter\n\u0003","date":"19-OCT-1987 14:29:38.71","places":["usa"]},"21093":{"title":"CCR VIDEO <CCCR.O> IN TALKS ON BEING ACQUIRED","body":"CCR Video Corp said it has received\nan offer to enter into negotiations for <Intercep Investment\nCorp> to acquire a controlling interest through a tender offer.\n    The company said \"The negotiations would determine the\nterms under which the CCR board of directors could support the\nINTERCEP tender offer.\"\n    It gave no further details.\n Reuter\n\u0003","date":"19-OCT-1987 14:24:54.78","topics":["acq"],"places":["usa"]},"21094":{"title":"EARLE M. JORGENSEN CO <JOR> QTLY DIVIDEND","body":"Shr 25 cts vs 25 cts prior qtr\n    Pay November 13\n    Record October 30\n Reuter\n\u0003","date":"19-OCT-1987 14:23:59.06","places":["usa"]},"21095":{"title":"FIRST BOSTON INC <FBC> 3RD QTR NET","body":"Shr primary 1.15 dlrs vs 76 cts\n    Shr fully diluted 1.15 dlrs vs 76 cts\n    Net 40.8 mln vs 27.1 mln\n    Revs 369.6 mln vs 263.2 mln\n    Nine mths\n    Shr primary 2.95 dlrs vs 3.44 dlrs\n    Shr fully diluted 2.95 dlrs vs 3.33 dlrs\n    Net 103.8 mln vs 119.0 mln\n    Revs 1.06 billion vs 897.8 mln\n\n Reuter\n\u0003","date":"19-OCT-1987 14:23:40.69","topics":["earn"],"places":["usa"]},"21096":{"title":"ITALY SHOWS SEPTEMBER OVERALL PAYMENTS SURPLUS","body":"Italy's overall balance of payments showed a\n919 billion lire surplus in September against a deficit of\n1,026 billion in August, provisional Bank of Italy figures\nshowed.\n    The September surplus compared with a shortfall of 1,697\nbillion lire in September 1986. For the first nine months of\n1987, the overall balance of payments showed a deficit of 1,921\nbillion lire against a 1,725 billion deficit in the same 1986\nperiod.\n    The central bank said Italy's one billion dlr Eurobond\nlaunched last month contributed to September's surplus.\n REUTER\n\u0003","date":"19-OCT-1987 14:22:43.28","topics":["bop"],"places":["italy"]},"21097":{"title":"WILLIS FABER NOT SELLING MORGAN GRENFELL STAKE","body":"<Willis Faber Plc> said its 20.8 pct\nholding in stockbrokers Morgan Grenfell Group Plc <MGFL.L> was\nnot up for sale.\n    The insurance broker issued a statement in reply to recent\npress speculation which it said was in part \"inaccurate and\nundesirable.\"\n    \"Willis Faber has not received any offers for its stake in\nMorgan Grenfell,\" it said, adding that an offer would have to be\nconsidered on its merits.\n    \"Willis Faber's stake in Morgan Grenfell has been a very\nsuccessful investment,\" it said.\n Reuter\n\u0003","date":"19-OCT-1987 14:22:30.03","topics":["acq"],"places":["usa"]},"21098":{"title":"DOW JONES INDUSTRIAL AVERAGE DOWN MORE THAN 13.2 PCT, EXCEEDS PERCENTAGE DROP IN 1929\n","date":"19-OCT-1987 14:21:35.02"},"21099":{"title":"UK SEEKS WINDING UP OF JAMES TENNANT COMMODITIES","body":"The U.K. Government said it would seek the\ncompulsory winding up of James Tennant Commodities Ltd on\ngrounds of public interest and that details would be heard in\nthe High Court on November 18.\n    A Department of Trade and Industry spokesman said that\nJames Tennant was relatively small and that its activities had\nconcentrated on allowing investors to participate in pooled\ntrading schemes in commodity futures.\n    No application had been made for the appointment of a\nprovisional liquidator in the case, he added.\n Reuter\n\u0003","date":"19-OCT-1987 14:21:13.90","places":["uk"]},"21100":{"title":"TRAVELERS REALTY INCOME <TRIIS.O> 3RD QTR NET","body":"Shr 22 cts vs 57 cts\n    Net 504,808 vs 1,281,781\n    Revs 633,119 vs 1,396,703\n    Nine mths\n    Shr 87 cts vs 1.32 dlrs\n    Net 1,959,385 vs 2,986,379\n    Revs 2,342,322 vs 3,346,555\n    NOTE: Full name of trust is Travelers Realty Income\nInvestors\n Reuter\n\u0003","date":"19-OCT-1987 14:20:07.78","topics":["earn"],"places":["usa"]},"21101":{"title":"AFRICAN DEVELOPMENT BANK PLANS U.S. DOMESTIC BOND","body":"The African Development Bank plans to\nraise about 200 mln dlrs via a U.S. Domestic bond this year,\nMilan Kerno, vice president of finance said at a presentation.\n    He said the Bank planned to borrow about 700 mln dlrs in\nworld capital markets in 1987 and roughly the same amount in\n1988. Because of the weak condition of the euroyen market,\nplans for a bond in that sector, which would comprise part of\nthe 700 mln dlrs,  have been put on hold, Kerno said.\n    \"But we should complete our programme (this year), markets\nwilling,\" Kerno said, adding the Bank's 1987 borrowing so far\ntotaled about 400 mln dlrs.\n    The Bank's board of directors will meet on October 26 to\ndiscuss plans to begin Bank trading in unspecified securities,\nwith desks in Abidjan, Kerno said.\n    Trading would be conducted along similar lines as existing\nWorld Bank and Asian Development Bank operations, he said.\n    The Bank now has roughly 1.2 billion dlrs in available\nliquidity to serve as a basis for trading, although not all of\nthis will be traded at the start. The Bank plans to use the\nfunds gradually over the next three or four years, he said.\n    To facilitate lending increases the Bank tripled paid-in\ncapital to about 18 billion dlrs from six billion in June.\n    German bankers at the presentation criticized the Bank for\nits overly conservative lending, adding the Bank would do\nbetter to invest more capital in loans. Total net equity\ncapital, consisting of subscribed capital and reserves, rose to\n1,282 pct of its funded debt in 1986 from 552 pct in 1985, the\nBank's statistics showed.\n    Other Bank figures from 1986 showed the Interamerican\nDevelopment Bank's net equity totaled 302 pct of funded debt,\nand the Asian Development Bank's 295 pct.\n Reuter\n\u0003","date":"19-OCT-1987 14:19:25.10","organisations":["adb-africa"],"places":["west-germany","usa"]},"21102":{"title":"BALLADUR SAYS MARKET MAY HOLD UP PRIVATISATIONS","body":"French finance minister Edouard Balladur\nsaid the agenda of state privatisations may not be done at full\nspeed if market conditions prove unsuitable.\n    \"I'm not going to privatise at full speed if market\nconditions do not permit. That would be absurd,\" he told\njournalists. \"What we're going to do is adapt our program very\nclosely to the evolution of our stock markets.\"\n    French stock prices fell more than 10 pct on Monday, a\n6-1/2 year record, as concern deepened that interest rates\nworldwide would surge and choke off fragile economic growth,\ndealers said. Stock of several privatised firms fell below\ntheir issue price.\n Reuter\n\u0003","date":"19-OCT-1987 14:19:14.80","places":["france"]},"21103":{"title":"SOCIETY FOR SAVINGS BANCORP <SOCS.O> 3RD QTR","body":"Shr 75 cts vs 55 cts\n    Net 8,031,000 vs 5,819,000\n    Nine mths\n    Shr 2.16 dlrs vs 1.42 dlrs\n    Net 23.2 mln vs 15.1 mln\n    Assets 3.41 billion vs 2.84 billion\n    Deposits 2.54 billion vs 2.19 billion\n    NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine\ncts per share, from utilization of prior year's net operating\nloss carryforwards.\n   \n    NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or\none cent per share, from unspecified extraordinary item.\n    1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22\ncts per share, and 6,393,000 dlrs, or 60 cts per share,\nrespectively, from utilization of net operating loss\ncarryforwards.\n    full name of company is society for savings bancorp inc.\n Reuter\n\u0003","date":"19-OCT-1987 14:18:56.96","topics":["earn"],"places":["usa"]},"21104":{"title":"NOMURA SAYS IT SEEKS LINK WITH KIDDER PEABODY","body":"Nomura Securities Co Ltd is seeking a\npossible business relationship with Kidder Peabody and Co Inc,\nsaid Setsuya Tabuchi, the chairman of the board of Nomura.\n    Tabuchi told an investment conference \"at present the\ncompany's staff (of Nomura) has been studying the possiblity of\na joint buiness,\" he said.\n    Tabuchi said he has not been informed how far the study has\nprogressed. He declined to elaborate further.\n    Kidder Peabody is a wholly-owned subsidiary of General\nElectric <GE>. Kidder officials were not immediately available\nfor comment.\n Reuter\n\u0003","date":"19-OCT-1987 14:18:01.72","places":["usa"]},"21105":{"title":"PROGRESSIVE BANK INC <PSBK.O> 3RD QTR NET","body":"Shr 88 cts vs 73 cts\n    Net 2,580,000 vs 2,147,000\n    Nine mths\n    Shr 2.48 dlrs vs 2.33 dlrs\n    Net 7,266,000 vs 5,948,000\n Reuter\n\u0003","date":"19-OCT-1987 14:17:09.80","topics":["earn"],"places":["usa"]},"21106":{"title":"WASHINGTON WATER POWER <WWP> 3RD QTR LOSS","body":"Shr loss 12 cts vs profit two cts\n    Net loss 2,669,000 vs profit 528,000\n    Revs 79.8 mln vs 74.9 mln\n    Nine mths\n    Shr profit 64 cts vs profit 1.63 dlrs\n    Net profit 14.3 mln vs profit 35.7 mln\n    Revs 280.0 mln vs 288.8 mln\n\n Reuter\n\u0003","date":"19-OCT-1987 14:16:21.69","topics":["earn"],"places":["usa"]},"21107":{"title":"MARKET FALL DISCUSSED AT REAGAN LUNCH","body":"President Reagan and his advisers\ndiscussed the stock market fall at a previously scheduled\n\"issues lunch\" at the White House, officials said.\n    There was no formal comment on the market slide, but an\nofficial suggested that a comment might be forthcoming after\nthe market closed.\n     Reagan made no mention of the stock market when he gave a\nglowing account of recent economic performance at the swearing\nin of C. William Verity as Commerce Secretary.\n    He said this month would set a record for the longest\npeacetime expansion on record and added that leading indicators\nhad sent a message of \"steady as she goes.\"    \n Reuter\n\u0003","date":"19-OCT-1987 14:14:45.70","places":["usa"]},"21108":{"title":"BANKING CENTER <TBCX.O> SETS INITIAL QUARTERLY","body":"Banking Center said its board\ndeclared an initial quarterly dividend of 20 cts per share,\npayable December 11, record October 30.\n Reuter\n\u0003","date":"19-OCT-1987 14:13:40.56","places":["usa"]},"21109":{"title":"BELLSOUTH CORP <BLS> 3RD QTR NET","body":"Shr 87 cts vs 84 cts\n    Net 418.6 mln vs 399.2 mln\n    Revs 3.12 billion vs 2.89 billion\n    Nine mths\n    Shr 2.61 dlrs vs 2.62 dlrs\n    Net 1.25 billion vs 1.23 billion\n    Revs 9.10 billion vs 8.62 billion\n    Avg shrs 481.4 mln vs 473.6 mln\n    NOTE: Share adjusted for three-for-two stock split in\nFebruary 1987.\n Reuter\n\u0003","date":"19-OCT-1987 14:13:32.25","topics":["earn"],"places":["usa"]},"21110":{"title":"DIGITAL COMMUNICATIONS <DCAI.O> UNVEILS PRODUCTS","body":"Digital Communications Associates\nInc said it unveiled two new products that allow personal\ncomputers not directly attached to a mainframe computer to\ncommunicate with the host computer.\n    The IRMAremote for Hayes AutoSync, which will cost 395\ndlrs, is a software product that allows International Business\nMachines Corp <IBM> personal computers to communicate with host\ncomputers via dial-up telephone lines.\n    The IRMAremote X.25, costing 1,795 dlrs, uses hardware and\nsoftware and allows personal computers to communicate with host\ncomputers via X.25 packet switching network.\n Reuter\n\u0003","date":"19-OCT-1987 14:13:23.77","places":["usa"]},"21111":{"title":"DOW JONES INDUSTRIAL INDEX DROPS UNDER 2000 LEVEL, DOWN ALMOST 300 POINTS TODAY\n","date":"19-OCT-1987 14:12:40.83"},"21112":{"title":"RTE CORP <RTE> 3RD QTR NET","body":"Shr profit 55 cts vs loss 12 cts\n    Net profit 3,998,000 vs loss 915,000\n    Sales 93.8 mln vs 80.9 mln\n    Nine mths\n    Shr profit 1.71 dlrs vs profit 95 cts\n    Net profit 12,641,000 vs profit 7,282,000\n    Sales 260.9 mln vs 249 mln\n    Note: 1986 figures include a five mln dlr or 65 cts a share\ncharge for electronics restructuring and 1.7 mln dlr charge\nfrom early retirement of 12 mln dlrs in long-term notes\n Reuter\n\u0003","date":"19-OCT-1987 14:12:05.24","topics":["earn"],"places":["usa"]},"21113":{"title":"COMERICA INC <CMCA.O> 3RD QTR NET","body":"Shr 2.17 dlrs vs 1.42 dlrs\n    Net 24,907,000 vs 16,117,000\n    Nine mths\n    Shr 4.05 dlrs vs 3.75 dlrs\n    Net 47,105,000 vs 42,874,000\n    Assets 9.66 billion vs 9.25 billion\n    Deposits 8.06 billion vs 7.80 billion\n    Loans 842.5 mln vs 711.1 mln\n Reuter\n\u0003","date":"19-OCT-1987 14:11:01.74","topics":["earn"],"places":["usa"]},"21114":{"title":"ST. JOSEPH LIGHT <SAJ> 3RD QTR NET","body":"Shr 84 cts vs 86 cts\n    Net 3,893,000 vs 4,054,000\n    Revs 21.0 mln vs 21.2 mln\n    Nine Mths\n    Shr 1.88 dlrs vs 1.87 dlrs\n    Net 8,707,000 vs 8,848,000\n    Revs 57.9 mln vs 59.1 mln\n    NOTE: 1986 per share adjusted for three for two stock split\neffective June 1, 1987.\n    St. Joseph Light and Power Co is full name of company.\n Reuter\n\u0003","date":"19-OCT-1987 14:10:06.52","topics":["earn"],"places":["usa"]},"21115":{"title":"YUGOSLAVIA DEBT PAYMENTS TO BE ADJUSTED TO EXPORTS","body":"Yugoslav Prime Minister Branko Mikulic,\nunveiling a new draft economic program, said Yugoslavia would\ncut repayments on its almost 20 billion lr hard currency debt\nto bring them in line with its hard currency earning capacity.\n    \"We have decided to coordinate repayment of our debt with\nrealistically assessed capabilities of our economy,\" he said in\nParliament. He said the current debt-service ratio (over 40 pct\nof export revenue) was too high.\n    Yugoslavia is to negotiate a long-term restructuring of its\ndebt after missing repayments in recent months, Mikulic said.\n    \"If we did not change the dynamics of repaying our debt, the\nsituation would become increasingly worse,\" Mikulic said.\n    He said on the present repayment schedule, Yugoslavia would\nhave a net outflow of two billion dlrs and the level of debt\nwould be halved by 1995. But he added:\n    \"The consequences would not only mean slower economic growth\nin the coming years but also further exhaustion of the economy\nand lasting damage to the economy's capacity for development,\"\nhe said.\n    \"All that would, of course, intensify social difficulties,\"\nMikulic added.\n    The state news agency Tanjug said on October 9 that\nYugoslavia plans to adjust debt repayments over the next eight\nyears and to cut the debt-service ratio to 25 pct.\n    Yugoslavia failed to make a principal repayment due last\nmonth which had already been postponed by 90 days.\n    Mikulic's proposed economic program, which also includes\nhigher personal taxes as well as wage and price restraint, is\nintended to serve as a basis for the debt talks to demonstrate\nYugoslavia's ability to eventually repay the credits.\n    His program has to be discussed and approved by parliament\nby early November.\n    Mikulic said foreign debt should be retained at about the\nsame level as now until 1990 and the country should then be\nable to keep currency reserves equal to three months payments.\n    \"Of course, these are our proposals for talks with\ncreditors. We expect understanding and support because it is in\ntheir interest as well,\" Mikulic said.\n    He said that under the present schedule debt payments had\nslowed economic development and exhausted currency reserves.\nBanking sources say Yugoslavia's reserves are inadequate at\npresent for even one month's debt and import bill.\n REUTER\n\u0003","date":"19-OCT-1987 14:09:34.41","places":["yugoslavia"]},"21116":{"title":"NYSE SAYS IT IS CONFIDENT IT CAN HANDLE VOLUME","body":"The New York Stock Exchange said it is\nconfident that its computer systems can handle the pace of\ntrading volume today.\n    \"We are confident that whatever volume we have this\nafternoon, we can handle it,\" said Richard Torrenzano, a vice\npresident at the NYSE.\n    With two hours of trading left, a record 422 mln shares\nhave traded hands, far outpacing the volume on the market's\nbusiet days. The previous busiest day was last Friday, when 338\nmln shares traded.\n    \"Our systems have been tested and they can handle heavy\nvolume effectiviy and efficiently,\" Torrenzano said.\n    He said the Exchange has been in constant contact with the\nSecurities and Exchange Commission concerning today's record\nbreaking decline and heavy volume. He declined to comment on\nthe context of those discussions.\n    Earlier today, SEC chairman David Ruder said a brief\ntrading halt has been discussed as one way of restoring order\nto the market, but stressed he is not recommending one at this\ntime. He did not say if the option was discussed with the NYSE.\n Reuter\n\u0003","date":"19-OCT-1987 14:07:42.37","places":["usa"]},"21117":{"title":"TRW INC <TRW> 3RD QTR NET","body":"Shr 1.04 dlrs vs 67 cts\n    Shr diluted 1.01 dlrs vs 66 cts\n    Net 63.2 mln vs 40.5 mln\n    Sales 1.70 billion vs 1.43 billion\n    Nine mths\n    Shr 2.91 dlrs vs 2.88 dlrs\n    Shr diluted 2.85 dlrs vs 2.82 dlrs\n    Net 176.5 mln vs 172.7 mln\n    Sales 5.08 billion vs 4.49 billion\n    Avg shrs 60.3 mln vs 59.6 mln \n    Avg shrs diluted 62.0 mln vs 61.3 mln\n Reuter\n\u0003","date":"19-OCT-1987 14:07:19.58","topics":["earn"],"places":["usa"]},"21118":{"title":"INVESTOR SUES FIRST NORTHERN SAVINGS <FNGB.O>","body":"Investor Donald Knutson said he filed\na suit against First Northern Savings and Loan Association of\nGreen Bay, stating his request of management for access to\nFirst Northern's stockholder lists had been denied.\n     Knutson owns about 9.9 pct of First Northern's outstanding\nstock. He said in his complaint he intends to use the list to\ncause a special meeting of First Northern's shareholders to be\nconvened to discuss his concerns over the lack of liquidity in\nthe trading market for the stock of First Northern and methods\nof increasing the value of the shares.\n Reuter\n\u0003","date":"19-OCT-1987 14:06:31.80","places":["usa"]},"21119":{"title":"SENATE BOSS ASKS REAGAN TO FIGHT STOCK FALL","body":"Senate Democratic leader Robert Byrd,\npointing to panic selling on Wall Street, urged President\nReagan to join Congress in fighting trade and budget deficits.\n    \"It is time the administration put policies ahead of\npolitics,\" Byrd said.\n    Byrd said the president needs \"to begin working with\nCongress to reduce the double deficits in trade and the budget\nthat cause such a cloud on this nation's future.\"\n Reuter\n\u0003","date":"19-OCT-1987 14:05:45.42","places":["usa"]},"21120":{"title":"AUSTRIAN GUARANTEE WANTED ON STATE FIRM DEBTS","body":"Head of the Chamber of Commerce's Money\nand Credit section, Hellmuth Klauhs, said the government should\nguarantee any company debts arising from the planned\nrestructuring of the public sector.\n    Klauhs said that there was no doubt that the government\nwould meet its obligations. \"But the owner should say this\nclearly once again,\" he added.\n    Klauhs said 35 billion of 61 billion schillings owed by\nfirms under the state holding <Oesterreichische\nIndustrieholding AG> (OIAG) currently had no formal state\nguarantee. Nine of the 35 billion schillings were owed to\nforeign banks.\n    Klauhs, also managing director of <Genossenschaftliche\nZentralbank AG>, said banking industry officials would discuss\nthe issue with finance minister Ferdinand Lacina next month.\n    Lacina said last week a special guarantee would be\nunnecessary, as state industry had the financial power and\nenough liquidity to pay its debts.\n    The government has said the latest injection of state funds\ninto OIAG to cover losses will be the last.\n    Under a restructuring plan, OIAG is to create five new\nholding companies divided by sector.\n REUTER\n\u0003","date":"19-OCT-1987 14:05:35.16","places":["austria"]},"21121":{"title":"AMEX SAYS IT SURPASSES DAILY VOLUME RECORD FOR EQUITIES FOR A SINGLE TRADING SESSION.\n","date":"19-OCT-1987 14:04:57.79"},"21122":{"title":"BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD","body":"French Finance Minister Edouard Balladur\nsaid the Group of Seven (G-7) industrial countries should\nrespect pledges on monetary policy made in the February Louvre\naccord on currency stability.\n    \"We have to strengthen the cooperation between the seven\nmajor industrial countries and remind ourselves of the pledges\nwe made at the Louvre,\" he told journalists.\n    \"They were not simply pledges to maintain currency\nstability, but also to conduct a certain type of economic and\nmonetary policy,\" he added.\n Reuter\n\u0003","date":"19-OCT-1987 14:04:55.20","topics":["money-fx"],"places":["france"]},"21123":{"title":"SOVIET 1988 GRAIN TARGET INDICATES 1987 OUTPUT","body":"Recent announcements from Moscow of\nnext year's grain production targets indicate that the Soviets\nare estimating this year's grain crop at 205 to 213 mln tonnes,\nAgriculture Department analysts said.\n    USDA is projecting the Soviet crop at 210 mln tonnes, but\nsome earlier estimates from Soviet officials were that the 1987\ngrain crop could match the 1978 record of 237 mln tonnes.\n    Moscow outlined its economic targets for 1988 on Monday,\nputting the grain harvest goal at 235 mln tonnes. An analyst of\nSoviet agriculture at USDA noted that a recent article in\nIzvestia said Soviet grain production in 1988 is planned to be\n\"25 to 30 mln tonnes more than expected this year.\"\n    \"This indicates that their own estimate is for a 205 to 213\nmln tonne (grain) crop,\" the analyst said.\n   \n    In calculating Moscow's crop estimate, USDA used the 235\nmln tonne production goal, as well as a 238 mln tonne figure\npublished in a Soviet economic journal this month.\n    USDA's production estimate of 210 mln tonnes reflects a\nrange of 207 to 212 mln tonnes, a USDA source said.\n    Late season rains damaged Soviet crops, slowed harvest\nprogress and lowered Soviet production, analysts said.\n    While in the U.S. earlier this month, Soviet agriculture\nofficial Viktor Nikonov predicted that the grain crop would be\nas good or better than last year's 210 mln tonne harvest.\n    A member of Nikonov's party commented that although 230 mln\ntonnes of grain were in the fields, harvest problems would\nbring the final crop down to around 210 mln tonnes.\n Reuter\n\u0003","date":"19-OCT-1987 14:04:26.45","topics":["grain"],"places":["ussr"]},"21124":{"title":"CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL           \n","date":"19-OCT-1987 14:04:15.98","topics":["interest"]},"21125":{"title":"BELLSOUTH CORP 3RD QTR SHR 87 CTS VS 84 CTS\n","date":"19-OCT-1987 14:03:17.43"},"21126":{"title":"<GLOBAL MOTORS> TO MARKET INDONESIAN VEHICLES","body":"Global Motors Inc said\nit has agreed to become become the exclusive North American\nimporter of the Lincan Gama, a four-wheel-drive sport vehicle\nmanufactured by <P.T. Indauda> of Indonesia.\n    In a letter of intent it signed with P.T. Indauda, Global\nsaid it expects to begin marketing the first Lincan Gamas in\nmid-1989, with 20,000 units projected to be marketed in the\nfirst year.\n    Global is the parent company of Yugo America Inc, importer\nof the Yugoslavian Yugo vehicle.\n Reuter\n\u0003","date":"19-OCT-1987 14:02:19.97","places":["usa","indonesia"]},"21127":{"title":"FIRST BOSTON INC 3RD QTR SHR 1.15 DLRS VS 76 CTS\n","date":"19-OCT-1987 14:01:51.54"},"21128":{"title":"FED'S JOHNSON SAYS LOUVRE ACCORD STILL VITAL","body":"Federal Reserve Board Vice Chairman\nManuel Johnson said the Louvre Accord is still healthy, but\nsaid the United States and West Germany must work out\ndifferences over their respective roles in fulfilling the\naccord.\n    \"The Louvre Accord has worked very well in terms of\nstabilizing exchange rates,\" he said in response to a question\nduring an American Stock Exchange conference here.\n    He said exchange rates have been stable so far in 1987 as a\nresult of the accord.\n Reuter\n\u0003","date":"19-OCT-1987 14:00:30.12","topics":["money-fx"],"places":["usa","west-germany"]},"21129":{"title":"M.A. HANNA CO <HNM> TO ACQURE <PMS CONSOLIDATED>","body":"M.A. Hanna Co said it has reached \ndefinitive agreement to purchase PMS Consolidated, a privately\nowned manufacturer of colorants for the plastics industry.\n    M.A. Hanna said the purchase, which is subject to certain\nconditions, is scheduled to close around the end of October.\nHanna announced last August that it was in negotiaitons to\npurchase the company.\n    Headquartered in Somerset, N.J., PMS reported over 70 mln\ndlrs in revenues in its last fiscal year, which ended May 1987.\n Reuter\n\u0003","date":"19-OCT-1987 14:00:00.43","topics":["acq"],"places":["usa"]},"21130":{"title":"FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS","body":"Federal Reserve Board Vice-Chairman\nManuel Johnson said the inflationary expectations in the\nfinancial markets have eased since the Fed's last half-point\nincrease in its discount rate to 6.0 pct.\n    \"We have seen the kind of expectational forces develop I\nthink that we've been satisfied with since our last discount\nrate move,\" Johnson said.\n    Fed Chairman Alan Greenspan has said the most recent\ndiscount rate increase on September 4 was largely aimed at\nquelling inflationary fears in financial markets which he said\nwere largely unfounded.\n Reuter\n\u0003","date":"19-OCT-1987 13:59:50.85","topics":["cpi"],"places":["usa"]},"21131":{"title":"AMPLE SUPPLIES LIMIT U.S. STRIKE'S OIL PRICE IMPACT","body":"Ample supplies of OPEC crude weighing on\nworld markets helped limit and then reverse oil price gains\nthat followed the U.S. Strike on an Iranian oil platform in the\nGulf earlier on Monday, analysts said.\n    December loading rose to 19.65 dlrs, up 45 cents before\nfalling to around 19.05/15 later, unchanged from last Friday.\n    \"Fundamentals are awful,\" said Philip Lambert, analyst with\nstockbrokers Kleinwort Grieveson, adding that total OPEC\nproduction in the first week of October could be above 18.5 mln\nbpd, little changed from September levels.\n    Peter Nicol, analyst at Chase Manhattan Bank, said OPEC\nproduction could be about 18.5-19.0 mln in October. Reuter and\nInternational Energy Agency (IEA) estimates put OPEC September\nproduction at 18.5 mln bpd.\n    The U.S. Attack was in retaliation of last Friday's hit of\na Kuwaiti oil products tanker flying the U.S. Flag, the Sea\nIsle City. It was struck by a missile, believed to be Iranian,\nin Kuwaiti waters, and was the first hit on a U.S. Flag\ncommercial vessel in the seven year Iran/Iraq war.\n    The U.S. Owned Liberian flag tanker Sungari was hit in the\narea on Thursday, also believed struck by an Iranian missile.\n    Refiners were not significant purchasers of physical oil on\nMonday as a result increased Gulf tension following the U.S.\nAttack, analysts said.\n    They said a closure of the Strait of Hormuz, through which\naround eight mln bpd passes, isnlikely because it is not in\nthe interests of the U.S. Or Iran, they said.\n    Any threat to oil supplies would stem from an increase in\nthe number of tanker attacks as part of a widening of Gulf\nhostilities, analysts said.\n    But they saw the U.S. Strike as a limited reply to Iranian\nmissile attacks, with some describing it as responsible.\n    Geoffrey Pyne, analyst at stockbrokers Phillips and Drew,\nsaid he was impressed by the sensible U.S. Response.\n    \"The U.S. Has thought carefully about what would correspond\nto Iranian agression. They have proved to the Iranians that any\nfurther action will be met with a like-for-like response.\nToday's action by the U.S. Was not escalatory,\" Pyne said.\n    Kleinwort Grieveson's Lambert said the U.S. Strike was \"a\nresponsible retaliation,\" with the U.S. Apparently indicating to\nIran that it could increase the severity of its attacksf Iran\nchose to raise the level of conflict.\n    Chase Manhattan's Nicol took a different view, however.\n    He said he was unable to see what the U.S. Had achieved as\nArab states such as Kuwait and Saudi Arabia, whose interests\nthe U.S. Is supposedly defending, will feel less secure as a\nresult of the U.S. Attack and fear some sort of Iranian\nretaliation.\n    The initial upward market move this morning reflected a\nstrong speculative reaction to rumours of a U.S. Attack which\nwas thought at one stage to have been against Iranian missile\nlaunchers on the Faw Peninsula, close to Kuwait, analysts said.\n    The later downtrend followed confirmation of a U.S. Navy\nattack on an Iranian oil platform by the U.S. Defence Secretary\nCaspar Weinburger.\n    Market operators were able to evaluate the situation in the\nGulf on the basis of confirmed fact, and finding it less\nserious than first thought, took profits, taking prices lower,\nanalysts and traders said.\n REUTER\n\u0003","date":"19-OCT-1987 13:58:27.47","topics":["crude"],"organisations":["opec"],"places":["uk","usa","iran","kuwait","saudi-arabia"]},"21132":{"title":"<TOTAL RESEARCH CORP> FISCAL 1987 NET","body":"June 30 end\n    Shr 0.3 ct vs four cts\n    Net 18,463 vs 174,486\n    Revs 5,074,686 vs 4,181,978\n    Avg shrs 5,624,041 vs 4,860,000\n Reuter\n\u0003","date":"19-OCT-1987 13:58:00.17","topics":["earn"],"places":["usa"]},"21133":{"title":"COMMUNICATIONS AND CABLE <CCAB.O> BUYS STAKE","body":"Communications and Cable\nInc said it acquired about 21 pct of the outstanding shares of\nImnet Corp, a privately owned company that designs, makes and\nservices proprietary image storage and retrieval systems. Terms\nwere not disclosed.\n Reuter\n\u0003","date":"19-OCT-1987 13:56:40.48","topics":["acq"],"places":["usa"]},"21134":{"title":"BALTEK <BTEK.O> BUYS ECUADORIAN PLANT","body":"Baltek Corp said it has acquired\na shrimp packing plant in Ecuador for undisclosed terms.\n    The company said the acquisition will result in a tripling\nof its Ecuadorian shrimp sales to about three mln pounds\nannually by 1988.\n Reuter\n\u0003","date":"19-OCT-1987 13:56:34.72","topics":["acq"],"places":["usa","ecuador"]},"21135":{"title":"GENDEX CORP <XRAY.O> 2ND QTR SEPT 30 NET","body":"Shr nine cts vs six cts\n    Net 242,000 vs 135,000\n    Sales 4,003,000 vs 2,968,000\n    Six Mths\n    Shr 17 cts vs 14 cts\n    Net 414,000 vs 297,000\n    Sales 7,54,000 vs 5,912,000\n    Avg shrs 2.4 mln vs 2.1 mln\n    NOTE: 1986 net includes tax credits equal to one cent in\nthe quarter and two cts in the six months.\n Reuter\n\u0003","date":"19-OCT-1987 13:56:30.44","topics":["earn"],"places":["usa"]},"21136":{"title":"BEN AND JERRY'S HOMEMADE INC <BJIC.O> EIGHT MTHS","body":"Shr 42 cts vs 32 cts\n    Net 1,076,572 vs 826,939\n    Sales 20.5 mln vs 12.5 mln\n    NOTE: Company released results in connection with filing\nfor Class A common stock offering.\n Reuter\n\u0003","date":"19-OCT-1987 13:56:25.21","topics":["earn"],"places":["usa"]},"21137":{"title":"ENSECO <NCCO.O> GETS EPA CONTRACT","body":"Enseco Inc said it has received\n4,600,000 dlrs in contract from the U.S. Environmental\nProtection Agency to test samples in support of the Superfund\nprogram over a 30-month period and to perform special\nanalytical services.\n Reuter\n\u0003","date":"19-OCT-1987 13:56:20.35","places":["usa"]},"21138":{"title":"BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD","body":"French Finance Minister Edouard Balladur\nsaid the Group of Seven (G-7) industrial countries should\nrespect pledges on monetary policy made in the February Louvre\naccord on currency stability.\n    \"We have to strengthen the cooperation between the seven\nmajor industrial countries and remind ourselves of the pledges\nwe made at the Louvre,\" he told journalists.\n    \"They were not simply pledges to maintain currency\nstability, but also to conduct a certain type of economic and\nmonetary policy,\" he added.\n    Balladur's comments came after U.S. Treasury Secretary\nJames Baker said on Sunday that the U.S. Would have to\nre-examine the Louvre accords in the light of the rise in West\nGerman short-term interest rates.\n    Balladur was one of the main architects of the Louvre\naccord and has invested considerable political capital in\ndefending them.\n REUTER\n\u0003","date":"19-OCT-1987 13:56:06.59","topics":["money-fx"],"places":["france","usa"]},"21139":{"title":"TRW INC 3RD QTR SHR 1.01 DLRS VS 66 CTS\n","date":"19-OCT-1987 13:55:59.05"},"21140":{"title":"BANCTEXAS <BTX> TO SELL AFFILIATE","body":"BancTEXAS Group Inc said it has signed a\ndefinitive agreement to sell its BancTEXAS Sulphur Springs\naffiliate to a group of local investors led by Gene Watson for\na cash amount equal to book value at the time of the sale,\nsubject to regulatory approvals.\n    The unit had assets of 18.2 mln dlrs as of September 30.\n    BancTEXAS said it plans to concentrate on its primary\nmarket, the Dallas area.\n Reuter\n\u0003","date":"19-OCT-1987 13:55:41.10","topics":["acq"],"places":["usa"]},"21141":{"title":"TRW <TRW> UNIT GETS 36.7 MLN DLRS IN CONTRACTS","body":"TRW Inc's Federal Systems Group said\nit received 36.7 mln dlrs in U.S. Navy contracts to begin a\nsystem upgrade of its anti-submarine warfare operations center\nfor the Space and Naval Warfare Systems command.\n    The award is the start of a seven-year full-scale\nengineering development effort with a potential value of 90 mln\ndlrs, the company said. In subsequent phases, TRW said it will\ndeliver, install, test and support the new system at five Navy\nsites.\n    The anti-submarine warfare operations center interacts with\nmultiple aircraft, command centers and support systems.\n Reuter\n\u0003","date":"19-OCT-1987 13:55:11.18","places":["usa"]},"21142":{"title":"TALMAN HOME FEDERAL <TLMN.O> 3RD QTR OPER NET","body":"Oper shr 17 cts vs not available\n    Oper net 1,619,000 vs 6,354,000\n    Nine Mths\n    Oper shr 80 cts vs not available\n    Oper net 7,675,000 vs 22,669,000\n    Assets 6.06 billion vs 5.74 billion\n    Loans 3.11 billion vs 3.33 billion\n    Deposits 4.57 billion vs 4.83 billion\n   \n    NOTE: 1987 operating net excludes tax credits of 3.9 mln\ndlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85\ncts in the nine months period.\n    1986 nine months operating net excludes prepayment\npenalties on early retirement of loans of 736,000 dlrs.\n    Talman Home Federal Savings and Loan Association, Chicago\nis full name of company.\n Reuter\n\u0003","date":"19-OCT-1987 13:54:58.02","topics":["earn"],"places":["usa"]},"21143":{"title":"ALLWASTE <ALWS.O> TO ACQUIRE FIRM","body":"Allwaste Inc said it entered into an\nagreement in principle to buy Tank Cleaning Co, a\nprivately-held company that cleans tank trailers, in exchange\nfor about 1.3 mln shares or Allwaste common.\n    Allwaste said that Tank Cleaning earned about one mln dlrs\nbefore taxes last year and had about 1.5 mln dlrs in pre-tax\nincome for the nine months ended September 30.\n Reuter\n\u0003","date":"19-OCT-1987 13:54:35.22","topics":["acq"],"places":["usa"]},"21144":{"title":"GEAC COMPUTER <GAC.TO> LEAVES RECEIVERSHIP","body":"Geac Computer Corp Ltd said the Supreme\nCourt of Ontario has signed an order approving the company's\nproposal for repayment of its creditors and releasing the\ncompany from receivership.\n   \n Reuter\n\u0003","date":"19-OCT-1987 13:54:15.71","places":["usa"]},"21145":{"title":"CATERPILLAR <CAT> SEES HIGHER FISCAL 1987 NET","body":"Caterpillar Inc said it expects 1987\nfull year sales and profits to be \"substantially better\" than\n1986 results, following improved third-quarter performance.\n    Third-quarter earnings of the heavy machinery manufacturer\nincreased to 146 mln dlrs, or 1.47 dlrs a share, from net loss\nof 26 mln dlrs, or 26 cts, in the 1986 quarter. Sales rose to\n2.25 billion dlrs from 1.82 billion dlrs last year.\n    A weaker U.S. dollar strengthened Caterpillar's position\nagainst foreign manufacturers and permitted price increases and\nboosted sales, while a cost-cutting program lowered costs\nsignificantly, the company said of third-quarter results.\n   \n    Continuation of the cost-reduction program, which is to\npare costs by 15 to 20 pct from 1986 to 1990, and a further\nanticipated improvement in its price competitiveness are\nexpected to contribute to higher full year 1987 profits,\nCaterpillar said.\n    In 1986, the company earned 76 mln dlrs or 77 cents a\nshare.\n Reuter\n\u0003","date":"19-OCT-1987 13:54:01.66","places":["usa"]},"21146":{"title":"NORTHEAST SAVINGS F.A. <NSB> 2ND QTR NET LOSS","body":"Shr loss 1.39 dlrs vs profit 1.20 dlrs\n    Net loss 5,306,000 vs profit 7,246,000\n    Six mths\n    Shr loss 18 cts profit 2.23 dlrs\n    Net profit 3,259,000 vs profit 14.2 mln\n    Assets 6.79 billion vs 5.42 billion\n    Deposits 3.99 billion vs 3.38 billion\n    Loans 4.92 billion vs 4.53 billion\n    NOTE: 1987 six mths per share includes preferred stock\ndividend payments.\n Reuter\n\u0003","date":"19-OCT-1987 13:53:34.46","topics":["earn"],"places":["usa"]},"21147":{"title":"LSI LOGIC <LLSI.O> DEVELOPS NEW COMPUTER CHIP","body":"LSI Logic Corp said it has\ndeveloped a semi-custom microchip that is twice as dense as the\nmost complex chip now available.\n    The new microchip, LCA 100K Compacted Array Plus, has\n100,000 usable gate arrays, or the equivalent of 400,000\ntransistors for designing custom chips, the company said.\n    Production of the new chip will begin in about 15 months,\nsaid LSI Chairman Wilfred Corrigan.\n    The microchip can be used in products including computers,\ntelecommunications and military equipment, allowing them to\noperate faster with improved reliability, the company said.\n    \"This technology will pave the way for new uses in\nartificial intelligence, speech recognition and speech\nsynthesis, as well as digital signal processing and image\nprocessing,\" Corrigan said. He also predicted the microchip\nwill add about five pct to the company's revenues next year.\n    Analyst Millard Phelps of Hambrecht and Quist Inc said he\nexpects LSI to finish its 1987 fiscal year with per share\nearnings of 24 cts, on sales of 252 mln dlrs. He put 1988\nearnings at 60 cts per share on 330 mln dlrs in sales.\n   In the nine months ended Sept 27, LSI had earnings of 14 cts\nper share, or 5,560,000 dlrs, on 183.9 mln dlrs in sales.\n Reuter\n\u0003","date":"19-OCT-1987 13:53:18.35","places":["usa"]},"21148":{"title":"MARINE CORP <MCOR.O> 3RD QTR NET","body":"Shr 30 cts vs 30 cts\n    Net 1,804,000 vs 1,800,000\n    Nine mths\n    Shr 89 cts vs 79 cts\n    Net 5,334,000 vs 4,496,000\n Reuter\n\u0003","date":"19-OCT-1987 13:53:07.87","topics":["earn"],"places":["usa"]},"21149":{"title":"IRAN VOWS REPRISAL FOR U.S. ATTACK ON OIL RIG","body":"Iran said several people were injured in\nMonday's U.S. Attack on an Iranian offshore oil site and vowed\nretaliation, Tehran radio reported.\n    It quoted President Ali Khamenei as saying, \"We will\ndefinitely retaliate and will not leave this American move\nunanswered.\"\n    A broadcast monitored in Nicosia said several civilian\npersonnel on the Rashadat oil platforms in the Gulf east of\nQatar were injured when U.S. Warships bombarded them this\nafternoon. It described damage as \"severe.\"\n    Washington said four American frigates shelled and\ndestroyed two Iranian platforms at the Rashadat (formerly\nRostam) field at 1100 GMT on Monday in response to Friday's\nmissile attack on a U.S.-flag ship in Kuwaiti waters.\n    The U.S. Said Iranians used the platforms for military\npruposes and had fired on an American helicopter from the rigs\nearlier this month.\n    Khamenei denied that the platforms had military gear or\npersonnel and said the U.S. Attack lacked miltary value.\n    \"With this move Mr. Reagan has committed a big mistake and\nhas definitely increased his problems...\n REUTER\n\u0003","date":"19-OCT-1987 13:52:56.47","topics":["crude","ship"],"places":["cyprus","iran","usa","kuwait"]},"21150":{"title":"BELL ATLANTIC <BEL> UNIT SELLS FIVE-YEAR NOTES","body":"Chesapeake and Potomac Telephone Co of\nMaryland, a unit of Bell Atlantic Corp, is raising 100 mln dlrs\nvia an offering of notes due 1992 with a 10-1/4 pct coupon and\npar pricing, said lead underwriter Morgan Stanley.\n    That is 46 basis points more than the yield of comparable\nTreasury securities.\n    Non-callable for life, the issue is rated Aa-3 by Moody's\nInvestors Service and AA-minus by Standard and Poor's. Late\nlast week, Moody's and S and P downgraded the telephone\ncompany's debt ratings, underwriters noted.\n Reuter\n\u0003","date":"19-OCT-1987 13:52:49.97","places":["usa"]},"21151":{"title":"FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES\n","date":"19-OCT-1987 13:51:55.05","topics":["money-fx"]},"21152":{"title":"U.S SENATE PANEL VOTES TO LIMIT COUNTY LOAN DROP","body":"The Senate Agriculture committee voted\nto limit changes in county loan rate differentials starting\nwith the 1988 crop as part of a budget deficit reduction\npackage.\n    The panel also approved measures that could trigger larger\ncorn and wheat acreage reduction requirements, increase\nfarmer-held reserve storage payments, reduce a potential milk\nsupport price cut, and require advance deficiency payments for\nproducers of major crops.\n    A proposal to require imported tropical oils be labeled on\nU.S. food products failed by a 10-8 vote.\n Reuter\n\u0003","date":"19-OCT-1987 13:51:30.39","topics":["grain","veg-oil"],"places":["usa"]},"21153":{"title":"NABET SAYS MOST UNITS ACCEPT NBC CONTRACT","body":"A spokesman for the National Association\nof Broadcast Employees and Technicians said it is studying its\nnext moves in its strike against the National Broadcasting Co\nafter 12 of its units voted to accept a contract proposal and\ntwo small units voted to reject.\n    The spokesman said the union will make a further\nannouncement later today after union leaders had a chance to\nconfer. The only units voting to reject were a Chicago couriers\ngroup and a Los Angeles plant maintenance group. The spokesman\nsaid the two units represented 37 votes out of approximately\n2800. NBC is a unit of General Electric Co <GE>.\n Reuter\n\u0003","date":"19-OCT-1987 13:51:21.71","places":["usa"]},"21154":{"title":"NEW YORK STOCK EXCHANGE TRADES MORE THAN 400 MLN SHARES FOR FIRST TIME IN A SINGLE SESSION\n","date":"19-OCT-1987 13:50:14.58"},"21155":{"title":"ANALOG DEVICES <ADI> MAY REPURCHASE SHARES","body":"Analog Devices Inc said it may\nrepurchase up to one mln of its 46 mln common shares\noutstanding on the open market over the next several months for\nuse in its employee stock purchase and stock option plans.\n Reuter\n\u0003","date":"19-OCT-1987 13:49:19.94","places":["usa"]},"21156":{"title":"TACO VIVA <TVIV.O> NAMES NEW PRESIDENT","body":"Taco Viva Inc said it named\nDonald Ryan as president and chief operating officer of the\ncompany.\n    He assumes the president's slot formerly held by J. Brion\nFoulke III, who retains his positions as chairman and chief\nexecutive officer, the company said.\n    Ryan most recenty served as president of <Interim\nRestaurant Management Inc>, a firm specializing in rejuvenating\noperations of ailing restaurant chains.\n    Ryan will join Taco Viva in early November, the company\nsaid.\n Reuter\n\u0003","date":"19-OCT-1987 13:49:15.03","places":["usa"]},"21157":{"title":"FED'S JOHNSON WARNS AGAINST LOWER DOLLAR","body":"Federal Reserve Board Vice-Chairman\nManuel Johnson cautioned against seeking \"quick-fix solutions\" to\npersistent U.S. trade and federal budget deficits.\n    In particular, he told an American Stock Exchange\nconference, a decline in the dollar below current levels would\nexacerbate financial market conditions.\n    \"Trying to artificially depress the dollar severely below\ncurrent levels ... would exacerbate financial market conditions\nand lead to further potential for financial problems.\"\n    Nowhere, Johnson said, are Fed officials hearing that U.S.\nbusinesses cannot compete at current exchange rates.\n    He acknowledged the U.S. trade deficit was persisting\ndespite a decline in the dollar's value of 40 to 50 pct in the\npast two years.\n    But the deficit is improving in volume terms and will soon\nbegin showing improvement.\n    \"The stage I think is being set for a healthy, constructive\nexpansion without inflationary instability,\" he said.\n Reuter\n\u0003","date":"19-OCT-1987 13:47:55.19","topics":["money-fx","dlr"],"places":["usa"]},"21158":{"title":"SWISS PLAN CHANGE IN LIQUIDITY REQUIREMENT","body":"The Swiss Banking Commission hopes to\nintroduce a major reform of the banking system in January which\nwould revolutionise the workings of the country's unusual\nliquidity requirements.\n    Commission Director Kurt Hauri told Reuters the main\nconsequence of the change would be an end to the sharp rise in\ninterest rates which occurs at the end of every month.\n    By effectively reducing liquidity requirements, it would\nalso help Swiss banks compete better against those in Britain,\nWest Germany and the United States, he said.\n    The commission wants to move to a system of average\nliquidity requirements, where banks have to hold reserves\nequivalent to a certain proportion of their exposure calculated\nover the month as a whole.\n    The current system, described  as a Swiss special case by\nHauri, forces banks to comply with requirements generally only\nat the end of each month.\n    The result is a sharp upward trend in short dated money\nmarket rates, overshadowed by the approach of the end-month,\ncalled the ultimo, with consequent high costs for the banks who\nare forced to borrow extra funds from the National Bank.\n    This was particularly pronounced in June 1986 when\novernight rates hit triple figures, due to a combination of the\nhalf-year end and a rigid adherence by the National Bank to its\nmoney supply target. Although the rise shocked the bank into\nmore flexibility, the problem remained.\n    The reform proposal, which Hauri said had been planned for\nyears, was given to banks and other interested parties for\ncomment on September 30.\n    They have until the end of this month to suggest\nalterations. Subject to such changes, and to the government\ngo-ahead, it will come into force on January 1, Hauri said.\n REUTER\n\u0003","date":"19-OCT-1987 13:47:01.47","places":["switzerland","uk","west-germany","usa"]},"21159":{"title":"REPUBLIC <RNB> UNIT'S NOTES YIELD 9.612 PCT","body":"Republic National Bank of New York, a\nunit of Republic New York Corp, is offering 100 mln dlrs of\nnotes due 1989 yielding 9.612 pct, said sole manager Salomon\nBrothers Inc.\n    The notes have a 9-1/2 pct coupon and were priced at 99.80\nto yield 63 basis points more than the when-issued two-year\nTreasury notes.\n    Non-callable for life, the issue is rated Aa-1 by Moody's\nInvestors Service Inc and AA by Standard and Poor's Corp.\n Reuter\n\u0003","date":"19-OCT-1987 13:46:48.03","places":["usa"]},"21160":{"title":"INFOTRON <INFN.O> NAMES NEW CHIEF EXECUTIVE","body":"Infotron Systems Corp said\nJames C. Castle has been named president and chief executive\nofficer, succeeding James C. Hann, who becomes vice chairman\nand will focus on product technology issues.\n    Castle had been president of TBG Information Systems Inc, a\nsubsidiary of Thyssen AG <THYH.G>.\n Reuter\n\u0003","date":"19-OCT-1987 13:46:41.39","places":["usa"]},"21161":{"title":"FED'S JOHNSON SAYS INFLATIONARY FEARS CALMER SINCE LAST DISCOUNT RATE RISE\n","date":"19-OCT-1987 13:46:11.14"},"21162":{"title":"AMR <AMR> UNIT TO BUY NINE SMALL PLANES","body":"AMR Corp said its Nashville\nEagle Inc subsidiary will acquire nine 19-seat Metro III\nairplanes in separate agreements with Fairchild Industries\nInc's <FEN> Fairchild Aircraft Corp unit and <Midstate Airlines\nInc>.\n    Terms of the agreements were not disclosed.\n    The company said the pre-owned airplanes will begin during\nthe fourth quarter of this year.\n    Nashville operates more than 100 commuter flights daily to\n16 cities that connect to AMR's American Airlines' daily\nflights at the Nashville terminal in Fort Worth, Texas.\n Reuter\n\u0003","date":"19-OCT-1987 13:45:24.04","places":["usa"]},"21163":{"title":" Balladur urges G-7 to respect pledges on monetary policy in Louvre accord\n","date":"19-OCT-1987 13:45:16.81","topics":["money-fx"]},"21164":{"title":"PIONEER-STANDARD ELECTRONICS INC <PIOS.O>2ND QTR","body":"Periods ended September 30\n    Oper shr 24 cts vs six cts\n    Oper net 1,297,881 vs 312,295\n    Sales 60.5 mln vs 52.2 mln\n    First half\n    Oper shr 39 cts vs 13 cts\n    Oper net 2,099,679 vs 711,530\n    Sales 118.1 mln vs 103.7 mln\n    NOTE: 1986 operating net excludes losses from discontinued\noperations of 154,661 dlrs, or three cts a share, in quarter\nand 409,476 dlrs, or seven cts a share, in half.\n Reuter\n\u0003","date":"19-OCT-1987 13:44:15.49","topics":["earn"],"places":["usa"]},"21165":{"title":"CITIZENS FINANCIAL GROUP INC <CITN.O> 3RD QTR","body":"Shr 43 cts vs 55 cts\n    Net 6,262,000 vs 7,948,000\n    Nine mths\n    Shr 1.30 dlrs vs 1.54 dlrs\n    Net 18.8 mln vs 22.3 mln\n    Assets 2.4 billion vs 2.1 billion\n    NOTE: Prior year amounts restated to reflect 2-for-1 stock\nsplit effective May 15, 1987.\n Reuter\n\u0003","date":"19-OCT-1987 13:43:28.40","topics":["earn"],"places":["usa"]},"21166":{"title":"IRWIN MAGNETIC SYSTEMS INC <IRWN> 1ST QTR NET","body":"Period ended Sept 27\n    Shr nine cts vs 24 cts\n    Net 474,000 vs 880,000\n    Sales 11.2 mln vs 11.8 mln\n    Avg shrs 5,369,555 vs 3,654,986\n    Note: 1986 figures include tax credits of 113,000 dlrs or\nthree cts a share.\n Reuter\n\u0003","date":"19-OCT-1987 13:42:40.78","topics":["earn"],"places":["usa"]},"21167":{"title":"CLOSING OF MARKETS NOT UNDER DISCUSSION, SEC SAYS","body":"Federal securities regulators are not\ndiscussing a move to close U.S. securities markets, a\nspokesperson for the Securities and Exchange Commission said.\n    The SEC \"...is not discussing closing the nation's\nsecurities markets,\" the SEC said today in a prepared\nstatement.\n    The Commission said it is \"is concerned about current\nmarket conditions, is closely monitoring the situation and is\nin regular contact with the various markets and other\nregulatory bodies.\"\n    An SEC spokesperson emphasized that the SEC has not been in\ncontact with Reagan administration officials concerning today's\nmarket activity, or any response to the volatile U.S. stock\nmarket.\n Reuter\n\u0003","date":"19-OCT-1987 13:42:19.46","places":["usa"]},"21168":{"title":"U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE  CHANGES STARTING WITH 1988 CROPS\n","date":"19-OCT-1987 13:41:13.62","topics":["grain"]},"21169":{"title":"NORTHROP MUST PAY KHASHOGGI FIRM - U.S. COURT","body":"The Supreme Court let stand a ruling\nthat Northrop Corp <NOC> must pay 31 mln dlrs to a company\ncontrolled by Saudi businessman Adnan Khashoggi.\n    The court denied a Northrop appeal challenging a U.S.\narbitration tribunal's ruling that it pay 31 mln dlrs in\ncommissions and interest stemming from arms contracts it won\nfrom Saudi Arabia in the early 1970s.\n    Northrop, seeking to sell F-5 fighter aircraft and\nsupporting services to Saudi Arabia, hired Khashoggi's firm in\n1970 as its marketing representative.\n    Northrop paid more than 17 mln dlrs in commissions to\nKhashoggi's firm, Triad International Marketing, from 1971 to\n1975. U.S. Defense Department records showed that Northrops'\nsales to Saudi Arabia during this period totaled 4.2 billion\ndlrs.\n    The legal battle dates back to 1979, when Khashoggi began\narbitration proceedings seeking payment of more than 150 mln\ndlrs in commissions due under his agreement with Northrop.\n    A federal judge in 1984 threw out the arbitration panel's\naward of 31 mln dlrs to Khashoggi's firm, but a U.S. Court of\nAppeals reinstated it last March.\n Reuter\n\u0003","date":"19-OCT-1987 13:40:57.63","places":["usa","saudi-arabia"]},"21170":{"title":"NABET SAYS IT STUDIES NEXT MOVE IN NBC STRIKE AFTER 12 UNITS ACCEPT CONTRACT, TWO REJECT\n","date":"19-OCT-1987 13:35:36.34"},"21171":{"title":"FED'S JOHNSON SAYS U.S. ECONOMY POISED FOR CONTINUED GROWTH, STABLE INFLATION\n","date":"19-OCT-1987 13:35:17.44"},"21172":{"title":"FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS\n","date":"19-OCT-1987 13:34:50.11","topics":["money-fx","dlr"]},"21173":{"title":"BENCH CRAFT INC <SOFA.O> 3RD QTR NET","body":"Shr 23 cts vs 22 cts\n    Net 1,293,000 vs 1,256,000\n    Sales 39.7 mln vs 31.6 mln\n    Nine mths\n    Shr 72 cts vs 61 cts\n    Net 4,099,000 vs 3,470,000\n    Sales 115.9 mln vs 87.6 mln\n    NOTE: Share adjusted for three-for-two stock split in\nFebruary 1987.\n Reuter\n\u0003","date":"19-OCT-1987 13:31:35.12","topics":["earn"],"places":["usa"]},"21174":{"title":"EGYPT TO BUILD ROADS FOR UGANDA","body":"Egypt has agreed to build two new roads\nin Uganda worth a total of 295 mln dlrs, Egyptian commercial\nattache Muhammud el Tahan said.\n    The two countries signed an agreement under which Egyptian\ncompanies will reconstruct the roads between Fort Portal and\nBundibugyo near the Zaire border in western Uganda and between\nKapchorwa and Swam near Mount Elgon in the east of the country,\nhe told reporters. Uganda would repay the loan from Egypt 70\npct in unspecified barter goods and 30 pct in hard currency.\n    Egypt and Uganda are also discussing the possibility of\nEgyptian help for a project to grow wheat in Uganda, he added.\n Reuter\n\u0003","date":"19-OCT-1987 13:31:02.59","places":["uganda","egypt"]},"21175":{"title":"CITYFED FINANCIAL CORP <CTYF.O> 3RD QTR LOSS","body":"Shr primary loss eight cts vs profit 49 cts\n    Shr fully diluted loss eight cts vs profit 45 cts\n    Net profit 681,000 vs profit 11.5 mln\n    Nine mths\n    Shr primary profit 33 cts vs profit 2.36 dlrs\n    Shr fully diluted profit 33 cts vs profit 1.92 dlrs\n    Net profit 12.7 mln vs profit 47.5 mln\n    Assets 10.53 billion vs 10.75 billion\n    Deposits 5.98 billion vs 5.89 billion\n    Loans 8.44 billion vs 9.09 billion\n    NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs\nfrom cumulative effect of an accounting change.\n    1987 3rd qtr and nine mth figures also include gain of 12.1\nmln dlrs from sale of real estate investment property.\n    1987 3rd qtr and nine mths earnings per share reflect\npayment of dividends on company's two series of preferred stock\namounting to 2.2 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 13:28:39.54","topics":["earn"],"places":["usa"]},"21176":{"title":"CATERPILLAR INC <CAT> 3RD QTR NET","body":"Shr profit 1.47 dlrs vs loss 26 cts\n    Net profit 146 mln vs loss 26 mln\n    Revs 2.25 billion vs 1.82 billion\n    Nine mths\n    Shr profit 1.82 dlrs vs profit 2.27 dlrs\n    Net profit 180 mln vs profit 224 mln\n    Revs 5.94 billion vs 5.55 billion\n Reuter\n\u0003","date":"19-OCT-1987 13:28:23.42","topics":["earn"],"places":["usa"]},"21177":{"title":"COLOMBIA OPENS COFFEE REGISTRATIONS - LDN TRADE","body":"Colombia has opened export registrations\nfor November coffee shipments, trade sources said. No further\ndetails were available.\n Reuter\n\u0003","date":"19-OCT-1987 13:26:48.75","topics":["coffee"],"places":["uk","colombia"]},"21178":{"title":"DENSE-PAC MICROSYSTEMS INC <DPAC.O> 2ND QTR","body":"Period ended August 29.\n    Shr profit one ct vs loss one ct\n    Net profit 128,112 vs loss 30,170\n    Sales 1,620,707 vs 1,325,406\n    Avg shrs 9,306,031 vs 3,499,219\n    Six Mths\n    Shr nil vs loss nine cts\n    Net profit 25,890 vs loss 322,675\n    Sales 2,915,077 vs 1,845,003\n    Avg shrs 9,283,631 vs 3,499,219\n Reuter\n\u0003","date":"19-OCT-1987 13:24:19.68","topics":["earn"],"places":["usa"]},"21179":{"title":"NEWHALL INVESTMENT PROPERTIES <NIP> 3RD QTR","body":"Shr 1.13 dlrs vs 87 cts\n    Net 5,010,000 vs 3,868,000\n    Nine mths\n    Shr 4.91 dlrs vs 4.84 dlrs\n    Net 21.8 mln vs 21.5 mln\n    NOTE: Current quarter figures include gain of 4.7 mln dlrs\non property sales vs gain of 2.9 mln in prior year's quarter.\n    Current nine month figures include gain of 20.5 mln dlrs on\nproperty sales vs gain of 19 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 13:24:12.91","topics":["earn"],"places":["usa"]},"21180":{"title":"CHRYSLER <C>SETS RECORD 1987 IMPORT TRUCK SALES","body":"Chrysler Corp said its import operations\nclosed out its 1987 model year with record sales of Dodge\nRam-50 models of 76,913 trucks compared with the previous\nrecord 72,629 trucks sold in 1986. The Ram-50 is imported for\nDodge from Mitsubishi Motors Corp.\n Reuter\n\u0003","date":"19-OCT-1987 13:23:55.18","places":["usa"]},"21181":{"title":"ASPEN RIBBONS INC <ARIB.O> 1ST QTR NET","body":"Sept 30\n    Shr seven cts vs five cts\n    Net 234,504 vs 157,862\n    Revs 4,096,000 vs 3,007,383\n Reuter\n\u0003","date":"19-OCT-1987 13:22:54.91","topics":["earn"],"places":["usa"]},"21182":{"title":"LSI LIGHTING SYSTEMS INC <LYTS.O> 1ST QTR NET","body":"Qtr ends September 30\n    Shr 25 cts vs 13 cts\n    Net 759,000 vs 383,000\n    Revs 9,052,000 vs 6,829,000\n Reuter\n\u0003","date":"19-OCT-1987 13:22:51.94","topics":["earn"],"places":["usa"]},"21183":{"title":"GUILFORD MILLS <GFD> TO REPURCHASE SHARES","body":"Guilford Mills Inc said its\nboard has authorized the repurchase of up to one mln of its\ncommon shares from time to time in the open market.\n    The company has about 10.5 mln shares outstanding.\n Reuter\n\u0003","date":"19-OCT-1987 13:22:48.38","places":["usa"]},"21184":{"title":"EC DOES NOT PLAN STATEMENT ON U.S. STRIKE ON IRAN","body":"The European Community (EC) will not\nissue a joint statement on the U.S. Attack on Iran for now,\ndiplomats said.\n    They said the latest events in the Gulf were discussed only\nbriefly by foreign ministers over lunch, though member states\nhad been informed by Washington that it was planning military\naction. \"They didn't have enough information to discuss it fully\nand they wouldn't have agreed anyway,\" one diplomat said.\n    Belgian Foreign Minister Leo Tindemans said Belgium had\nalways opposed an extension of violence in the Gulf and deeply\nregretted that the situation had deteriorated.\n    But British Foreign Secretary Sir Geoffrey Howe said the\nUnited States was fully entitled to take military action and\nFrancisco Fernandez Ordonez of Spain said the U.S. Strike could\nbe considered an af self-defence.\n REUTER\n\u0003","date":"19-OCT-1987 13:22:39.93","places":["usa","luxembourg","iran"]},"21185":{"title":"NATIONAL DISTILLERS <DR> TO REPURCHASE SHARES","body":"National Distillers and Chemical Corp\nsaid it intends to repurchase up to 540,000 of its 32.8 mln\ncommon shares outstanding.\n Reuter\n\u0003","date":"19-OCT-1987 13:21:41.74","places":["usa"]},"21186":{"title":"SEIDMAN WORRIED ABOUT U.S. CONSUMER CONFIDENCE","body":"Federal Deposit Insurance Corp chairman\nWilliam Seidman said he is worried that consumer confidence\nwill be undermined by panic selling of stocks.\n    \"The principal worry is that the market will panic and\ndestroy the really strong confidence that the consumer has in\nthe economy,\" Seidman told reporters during the American\nBankers Association annual convention.\n    But Seidman was relaxed about the implications for banks.\n\"I don't see any near-term effect on the banking system. We\nwould have to worry if it throws the economy into a major\nrecession. We don't expect that to happen.\" he said.\n    First Chicago Corp chairman Barry Sullivan echoed Seidman,\nsaying that the slump in stocks could hasten a recession \"if it\nsignificantly impacts consumer confidence.\"\n    But Sullivan told reporters that he thinks the U.S. economy\nremains sound.\n    Sullivan said the slide in stocks was an extreme reaction\nto recent increases in interest rates.\n    Asked whether First Chicago would follow Chemical Bank in\nraising its prime rate to 9-3/4 pct from 9-1/4, Sullivan said,\n\"We're looking very carefully at the money markets.\"\n    The FDIC's Seidman, asked whether the stock market rout was\na reason to reconsider plans to give broader securities powers\nto commercial s, said, \"Under the plan we are suggesting\nthat (securities) activities be done in subsidiaries so if ever\nthings go badly for them it won't affect their capital.\"\n Reuter\n\u0003","date":"19-OCT-1987 13:21:23.39","places":["usa"]},"21187":{"title":"U.S. HOUSE SPEAKER DENIES TRADE BILL HURT STOCKS","body":"House Speaker Jim Wright dismissed\ncharges that the trade bill before Congress contributed to the\nfall in stock prices on Wall Street.\n    \"That is utterly ridiculous,\" the Texas Democrat told\nreporters.\n    Treasury Secretary James Baker and other administration\nofficials over the weekend pointed to the pending legislation\n-- which they brand too protectionist -- as a key factor in the\nrecord-setting drop.\n Reuter\n\u0003","date":"19-OCT-1987 13:21:11.21","topics":["trade"],"places":["usa"]},"21188":{"title":"ALLIED-SIGNAL <ALD> AEROSPACE PROFITS DROP","body":"Allied-Signal Inc said\nprofits in its aerospace division fell 46 pct in the third\nquarter due to lower margins and significantly higher\ndevelopment costs for several aircraft, including the MD-80.\n    After-tax income from its aerospace operations, the largest\nof its divisions, was 43 mln dlrs compared with 79 mln dlrs a\nyear earlier, which was restated to exclude sales and expenses\nfrom discontinued operations, Allied-Signal said.\n    Revenues in the aerospace division edged up to 1.144\nbillion dlrs from 1.099 billion dlrs a year earlier.\n    After-tax income from its automotive division rose to 28\nmln dlrs from 26 mln dlrs. In its engineered materials\ndivision, after-tax income rose to 52 mln dlrs from 39 mln\ndlrs.\n    Sales in its automotive unit rose to 882 mln dlrs from 662\nmln dlrs. Sales in its engineered materials unit rose to 706\nmln dlrs from 666 mln dlrs.\n    During the third quarter, the company authorized buyback of\n25 mln common shares, including stocks held in odd lots of less\nthan 100 shares. As of Octotber 16, company said it had reduced\nthe number of shares outstanding to 164.6 mln.\n Reuter\n\u0003","date":"19-OCT-1987 13:19:12.18","places":["usa"]},"21189":{"title":"ROTO-ROOTER INC <ROTO.O> 3RD QTR NET","body":"Shr 23 cts vs 20 cts\n    Net 1,115,000 vs 971,000\n    Revs 13.8 mln vs 11.9 mln\n    Nine mths\n    Shr 64 cts vs 52 cts\n    Net 3,134,000 vs 2,521,000\n    Revs 40.1 mln vs 31.8 mln\n Reuter\n\u0003","date":"19-OCT-1987 13:18:52.60","topics":["earn"],"places":["usa"]},"21190":{"title":"CITY SAVINGS BANK OF MERIDEN <CSBM.O> 3RD QTR","body":"Shr 34 cts vs not given\n    Net 510,192 vs 328,428\n    Nine mths\n    Shr one dlr vs not given\n    Net 1,489,831 vs 741,136\n    NOTE: Company went public in September 1986.\n Reuter\n\u0003","date":"19-OCT-1987 13:18:30.52","topics":["earn"],"places":["usa"]},"21191":{"title":"HOME FEDERAL SAVINGS BANK OF GEORGIA <HFGA.O>","body":"3rd qtr net\n    Shr 22 cts vs 54 cts\n    Net 366,497 vs 877,148\n    Nine mths\n    Shr 70 cts vs 1.17 dlrs\n    Net 1,185,352 vs 1,924,255\n Reuter\n\u0003","date":"19-OCT-1987 13:18:25.11","topics":["earn"],"places":["usa"]},"21192":{"title":"INTERNATIONAL TELECHARGE INC <ITIL.O> 3RD QTR","body":"Shr loss five cts vs loss eight cts\n    Net loss 657,000 vs loss 566,535\n    Revs 9,341,755 vs 260,468\n    Avg shrs 14,323,384 vs 7,081,688\n    Nine mths\n    Shr loss 19 cts vs loss 39 cts\n    Net loss 2,449,094 vs loss 1,408,789\n    Revs 15,571,230 vs 683,684\n    Avg shrs 12,655,172 vs 3,612,300\n Reuter\n\u0003","date":"19-OCT-1987 13:18:11.61","topics":["earn"],"places":["usa"]},"21193":{"title":"SPECTRAMED INC <SPMD.O> 3RD QTR NET","body":"Shr profit seven cts vs n/a\n    Net profit 587,000 vs profit 3,231,000\n    Sales 18.5 mln vs 18.7 mln\n    Nine Mths\n    Shr loss 39 ct s vs n/a\n    Net loss 2,368,000 vs protit 7,165,000\n    Sales 55.4 mln vs 54.2 mln\n    Note: Current nine month figures include extraordinary loss\nof 1.2 mln dlrs, or 17 cts per share, resulting from costs\nassociated with restructuring.\n    Prior quarter and nine month per share figures not\napplicable because company began operations in October, 1986\nwith the acquisition of Gould Inc's <GLD> medical products\ngroup.\n Reuter\n\u0003","date":"19-OCT-1987 13:17:31.40","topics":["earn"],"places":["usa"]},"21194":{"title":"M/A/R/C INC <MARC.O> 2ND QTR SEPT 30 NET","body":"Shr 21 cts vs 11 cts\n    Net 661,000 vs 325,000\n    Revs 13.6 mln vs 13.4 mln\n    Avg shrs 3,148,000 vs 3,011,000\n    1st half\n    Shr 42 cts vs 25 cts\n    Newt 1,310,000 vs 752,000\n    Revs 28.2 mln vs 25.6 mln\n    Avg shrs 3,136,000 vs 3,006,000\n Reuter\n\u0003","date":"19-OCT-1987 13:17:13.36","topics":["earn"],"places":["usa"]},"21195":{"title":"CHAMBERS DEVELOPMENT CO INC <CDV> 3RD QTR NET","body":"Shr 23 cts vs 15 cts\n    Net 2,641,000 vs 1,295,000\n    Revs 15.6 mln vs 7,925,000\n    Avg shrs 11.6 mln vs 8,900,000\n    Nine mths\n    Shr 65 cts vs 37 cts\n    Net 6,805,000 vs 3,308,000\n    Revs 42.7 mln vs 20.6 mln\n    Avg shrs 10.5 mln vs 8,900,000\n   \n Reuter\n\u0003","date":"19-OCT-1987 13:17:08.17","topics":["earn"],"places":["usa"]},"21196":{"title":"VOPLEX CORP <VOT> 3RD QTR LOSS","body":"Shr loss 24 cts vs loss 13 cts\n    Net loss 619,956 vs loss 340,735\n    Revs 17.2 mln vs 18.2 mln\n    Nine mths\n    Shr profit six cts vs loss 92 cts\n    Net profit 172,384 vs loss 2,437,333\n    Revs 57.7 mln vs 57.5 mln\n Reuter\n\u0003","date":"19-OCT-1987 13:17:02.19","topics":["earn"],"places":["usa"]},"21197":{"title":"SECURITY COUNCIL CALLS TALKS AFTER GULF ATTACK","body":"The U.N. Security Council was\ncalled to a private meeting on Monday for consultations \nfollowing the United States attack on an Iranian oil platform.\n    Meanwhile, a U.N. spokesman said that as far as he knew a\nreport to the council and Secretary General Javier Perez de\nCuellar on the action had not been received from the Americans.\n    In Washington, President Reagan said the United Nations was\nbeing informed of the attack under the provision of the U.N.\nCharter regarding notification of actions taken under the right\nof self-defense.\n    The U.N. spokesman, Francois Giuliani, said Perez de\nCuellar had no comment on the attack, taken in response to\nIranian action against an American-owned tanker last week, but\nwas trying to find out \"what actually happened.\"\n    Calls to Iran's U.N. commission elicited no response.\n Reuter\n\u0003","date":"19-OCT-1987 13:16:48.45","topics":["crude"],"places":["usa","iran"]},"21198":{"title":"CATERPILLAR INC SEES HIGHER FISCAL 1987 EARNINGS\n","date":"19-OCT-1987 13:15:01.23"},"21199":{"title":"UNITED SAVINGS AND LOAN <UNSA.O> 2ND QTR NET","body":"Sept 30\n    Shr 44 cts\n    Net 905,000 vs 631,000\n    Six months\n    Shr 88 cts\n    Net 1,793,000 vs 1,378,000\n    Assets 221 mln vs 223.2 mln\n    Deposits 186.4 mln vs 189.8 mln\n    Loans 176.5 mln vs.7 mln\n Reuter\n\u0003","date":"19-OCT-1987 13:14:06.52","topics":["earn"],"places":["usa"]},"21200":{"title":"ASEA BROWN BOVERI SETS GROUP STRUCTURE","body":"Asea AB <ASEA.ST> said the group to be\nformed by its merger with Switzerland's BBC AG Brown Boveri und\nCie <BBCZ.Z> would have four main business areas; power plants,\npower transmission, power distribution and industrial\nequipment.\n    Asea Brown Boveri Ltd's international markets would\ncontinue to be run by decentralised management, and the three\nmain home markets, Switzerland, West Germany and Sweden, would\ncontinue to play an important role, Asea said in a statement.\n    It said research and development were crucial to the\ngroup's future and central reasearch resources and laboratories\nin the three home markets would be strengthened.\n\n Reuter\n\u0003","date":"19-OCT-1987 13:06:13.22","places":["sweden","switzerland","west-germany"]},"21201":{"title":"BARING UNIT SETS UP FUND FOR MANAGEMENT BUY-OUTS","body":"Baring Capital Investors Ltd (BCI), a unit\nof the U.K. Merchant bank <Baring Brothers and Co Ltd>, said it\nhas raised 61 mln European Currency Units (ECUs) which will be\ninvested in management buy-outs and development capital\nopportunities in the U.K. And continental Europe.\n    The funds were raised through BCI's first such fund - the\nBaring Euaring European Capital Trust - from investors in nine\nEuropean countries. It expects to raise another 40 mln ECUs\nsoon through a French fund and a fund for U.S. Investors.\n    BCI was set up last year by Baring Brothers to advise\nbuy-out and development capital investors.\n    BCI said the new fund is structured as a Guernsey-based\nunit trust, which will be listed on the Luxembourg Stock\nExchange. It will be advised by BCI and managed by a company\nowned jointly by Barings and the management of BCI.\n    Individual investments are expected to range between one\nand 10 mln ECUs and are likely to be concentrated in the U.K.,\nGermany and France.\n    BCI said its aims are to invest in established companies,\nprincipally family companies with succession-issues and\ncorporate spin-offs.\n REUTER\n\u0003","date":"19-OCT-1987 13:06:04.05","topics":["acq"],"places":["uk"]},"21202":{"title":"G-7 SEEN FIGHTING TO KEEP CURRENCY PACT","body":"International monetary officials will \nrush to paper over the deep cracks that have appeared in the\nLouvre accord on currency stability to prevent a dollar\nfree-fall and to calm turmoil in world capital markets,\neconomists and currency traders said.\n    \"I don't think the Louvre is dead because if it breaks up\nin an acrimonious way, the potential outcome is a rout of the\ndollar, higher interest rates and collapsing stock markets.\nIt's in the Group of Seven's interest to calm things down,\"\nsaid Douglas Madison, corporate trader at BankAmerica Corp.\n   \n    In a weekend television interview, U.S. Treasury secretary\nJames Baker sharply criticised a recent rise in West German\nmoney market rates and said the eight month-old Louvre pact to\nfoster exchange rate stability needs to be reviewed.\n    His comments rocked the currency markets and helped send\nthe already-fragile U.S. and overseas stock markets into a\ntailspin.\n    The dollar lost more than two pfennigs in the U.S. to about\n1.7740/50 marks and about one yen to 141.25/35 yen. The Dow\nJones Industrial Average slumped more than 200 points at one\nstage and U.S. Treasury bonds dropped about 1-3/4 points.\n   \n Reuter\n\u0003","date":"19-OCT-1987 13:03:34.94","topics":["money-fx"],"places":["usa"]},"21203":{"title":"TONS OF TOYS INC <TONS.O> 1ST QTR AUG 31 LOSS","body":"Shr loss five cts vs loss eight cts\n    Net loss 118,000 vs loss 87,000\n    Sales 1,765,000 vs 1,345,000\n    Avg shrs 2,370,000 vs 1,070,000\n Reuter\n\u0003","date":"19-OCT-1987 13:01:11.56","topics":["earn"],"places":["usa"]},"21204":{"title":"NEW YORK STOCK EXCHANGE VOLUME JUMPS TO OVER 340 MLN SHARES, PASSING DAILY RECORD\n","date":"19-OCT-1987 13:00:46.28"},"21205":{"title":"ANCHOR FINANCIAL CORP <AFCX.O> 3RD QTR NET","body":"Shr 28 cts vs 41 cts\n    Net 205,000 vs 229,000\n    Nine mths\n    Shr 86 cts vs 1.01 dlrs\n    Net 622,000 vs 566,000\n    NOTE: Share reflects issuance of 166,750 common shares in\nDecember 1986.\n Reuter\n\u0003","date":"19-OCT-1987 13:00:43.02","topics":["earn"],"places":["usa"]},"21206":{"title":"PHOTRONICS CORP <PHOT.O> 1ST HALF AUG 31 NET","body":"Shr 38 cts vs 25 cts\n    Net 708,197 vs 404,471\n    Sales 6,592,736 vs 6,122,133\n    Avg shrs 1,886,400 vs 1,648,477\n Reuter\n\u0003","date":"19-OCT-1987 12:59:59.82","topics":["earn"],"places":["usa"]},"21207":{"title":" French industrial production fell 0.95 pct in July/August from June -- INSEE data\n","date":"19-OCT-1987 12:59:27.55","topics":["ipi"],"places":["france"]},"21208":{"title":"HOMETOWN BANCORP INC <HTWN.O> 3RD QTR NET","body":"Shr profit five cts vs profit seven cts\n    Net profit 59,000 vs profit 39,000\n    Nine mths\n    Shr profit 12 cts vs loss four cts\n    Net profit 92,000 vs loss 20,000\n    Avg shrs 775,000 vs 548,000\n Reuter\n\u0003","date":"19-OCT-1987 12:59:15.04","topics":["earn"],"places":["usa"]},"21209":{"title":"FIDELITY FEDERAL SAVINGS AND LOAN <FFED.O> 3RD","body":"Shr 42 cts vs 59 cts\n    Net 734,659 vs 1,033,309\n    Nine mths\n    Shr 92 cts vs 1.69 dlrs\n    Net 1,629,719 vs 2,971,144\n    NOTE: 1987 nine mths net includes a loss of 290,000 dlrs on\nsale of securities and nine-recurring charge of 32,713 dlrs for\nwrite-off of FSLIC secondary reserve.\n Reuter\n\u0003","date":"19-OCT-1987 12:59:00.05","topics":["earn"],"places":["usa"]},"21210":{"title":"CRAZY EDDIE <CRCY.O> WON'T OPPOSE SLATE","body":"Crazy Eddie Inc said its board will\nnot oppose the slate of nominees proposed for election to the\nboard by the committee led by Entertainment Marketing Inc <EM>\nand the <Oppenheimer-Palmieri Fund, LP.>\n    Crazy Eddie said its board is not endorsing, but will\nsimply refrain from opposing, the EMI-Palmieri nominees.    \nThe board also said it will ask representatives of the\nCommittee to Restore Shareholder value to begin acquainting\nthemselves with the business and affairs of the company as\npromptly as possible.\n   \n    To that end, the committee's representatives will be\ninvited in advance of the annual meeting to examine the\ncompany's financial records, to monitor its operations and to\njoin company officers in meetings with the company's suppliers,\nbankers and key personnel, Crazy Eddie said.\n    The board said that to continue to oppose the EMI-Palmieri\ngroup would only increase the expenses of the company, create\nfurther uncertainty among its suppliers, customers and\nemployees, and result in deterioration of moral among company\npersonnel.\n    A further release from the company will follow, it said.\n Reuter\n\u0003","date":"19-OCT-1987 12:58:40.79","topics":["acq"],"places":["usa"]},"21211":{"title":"HORIZON BANCORP <HZB> 3RD QTR NET","body":"Shr 1.33 dlrs vs 90 cts\n    Net 12.0 mln vs 8,180,000\n    Nine mths\n    Shr 3.63 dlrs vs 2.88 dlrs\n    Net 32.9 mln vs 26.2 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:58:32.54","topics":["earn"],"places":["usa"]},"21212":{"date":"19-OCT-1987 12:57:42.95","topics":["earn"],"places":["usa"]},"21213":{"title":"STANDARD PRODUCTS <SPD> INCREASES COMMON","body":"Standard Products Inc said shareholders\nat its annual meeting approved an increase in the company's\nauthorized common to 25 mln shares from 15 mln shares.\n    Standard also said shareholders approved an increase in the\ncompany's board to 12 members from 11.\n    It said shareholders also voted to eliminate cumulative\nvovting in the electrion of directors and autahorized the\ncompany to enter into idemnification contracts from time to\ntime with directors, officers, employees and agents of the\ncompany.\n Reuter\n\u0003","date":"19-OCT-1987 12:57:26.27","places":["usa"]},"21214":{"title":"<ACC CORP> 3RD QTR NET","body":"Shr profit three cts vs profit nine cts\n    Net profit 102,136 vs profit 307,516\n    Revs 8,459,182 vs 8,469,476\n    Avg shrs 3,448,218 vs 3,613,672\n    Nine mths\n    Shr loss 13 cts vs profit 28 cts\n    Net loss 458,823 vs profit 1,014,969\n    Revs 25.5 mln vs 24.6 mln\n    Avg shrs 3,467,099 vs 3,612,626\n Reuter\n\u0003","date":"19-OCT-1987 12:56:57.80","topics":["earn"],"places":["usa"]},"21215":{"title":"FIRST UNION REAL ESTATE INVESTMENTS <FUR> NET","body":"3rd qtr\n    Oper shr 27 cts vs 29 cts\n    Oper net 4,926,000 vs 5,231,000\n    Revs 18.5 mln vs 17.8 ln\n    Nine mths\n    Oper shr 78 cts vs 84 cts\n    Oper net 14.1 mln vs 15.3 mln\n    Revs 55.0 mln vs 53.6 mln\n    NOTE: Net excludes capital gains of 751,000 dlrs vs 664,000\ndlrs in quarter and 5,881,000 dlrs vs 3,409,000 dlrs in nine\nmths.\n Reuter\n\u0003","date":"19-OCT-1987 12:56:50.83","topics":["earn"],"places":["usa"]},"21216":{"title":"IRAN SAYS US ATTACK INVOLVES IT IN FULL-SCALE WAR","body":"A top Iranian military official said\nAmerica's attack on an Iranian oil platform on Monday had\ninvolved the United States in full-scale war and Iran would\navenge it with a \"crushing blow.\"\n    \"The United States has entered a swamp from which it can in\nno way get out safely,\" the Iranian news agency IRNA quoted the\nhead of Iran's war information headquarters as saying.\n    The official, Kamal Kharrazi, said Washington had now\nbecome involved in what he called a full-fledged war with Iran.\n    It was the first official Iranian reaction to the attack by\nfour U.S. Navy destroyers on the Reshadat oil platform.\n Reuter\n\u0003","date":"19-OCT-1987 12:56:08.03","topics":["ship","crude"],"places":["cyprus","iran","usa"]},"21217":{"title":"TANDON COMPUTER <TCOR.O> SETS NEW COMPUTER","body":"Tandon Computer Corp said it has\nintroduced  a personal computer than combines high capacity\ndisk storage and a new way to transfer large amounts of data.\n    The company said its 386 personal computer features an\nIntel Corp <INTC.0> 80386 processor running at 20 megahertz.\n    The computer also features a receptacle that accommodates\nTandon's Personal Data Pac removable, Winchester disk drive,\nproviding a link to Tandons PAC 286 and other systems running\nwith its Ad-Pac subsystem.\n    The computer will be available in January, 1988.\n Reuter\n\u0003","date":"19-OCT-1987 12:55:51.47","places":["usa"]},"21218":{"title":"FEDERAL-MOGUL CORP <FMO> 3RD QTR NET","body":"Shr 66 cts vs 48 cts\n    Net 8,413,000 vs 6,112,000\n    Sales 267.9 mln vs 230.6 mln\n    Nine mths\n    Shr 2.20 dlrs vs 2.05 dlrs\n    Net 28.1 mln 26.4 mln\n    Sales 806.7 mln vs 720.7 mln\n    NOTE: 1986 3rd qtr results include extraordinary loss on\nextinguishment of debt of 1,482,000 dlrs or 12 cts a shr.\n Reuter\n\u0003","date":"19-OCT-1987 12:55:36.93","topics":["earn"],"places":["usa"]},"21219":{"title":"USACAFES LP <USF> 3RD QTR NET","body":"Shr 33 cts vs 13 cts\n    Net 2,272,000 vs 880,000\n    Revs 6,399,000 vs 5,912,000\n    Chainwide sales 142.0 mln vs 126.7 mln\n    Nine mths\n    Shr 1.07 dlrs vs 44 cts\n    Net 7,369,000 vs 2,868,000\n    Revs 19.1 mln vs 16.1 mln\n    Chainwide sales 402.9 mln vs 357.1 mln\n    Avg shrs 6,918,000 vs 6,569,000\n                             \n Reuter\n\u0003","date":"19-OCT-1987 12:55:17.35","topics":["earn"],"places":["usa"]},"21220":{"title":"GRANGES <GXL> FILES FOR STOCK OFFERING","body":"Granges Exploration\nLTD, a mining company, said it filed with the Securities and\nExchange Commission for a proposed publioffering of 2,500,000\nshares of its common.\n    PaineWebber Inc and Drexel Burnham Lambert Inc will be\nco-managers of the underwriting group.\n    Granges said it intends to use proceeds for general\ncorporate purposes.\n Reuter\n\u0003","date":"19-OCT-1987 12:54:26.99","places":["canada"]},"21221":{"title":"ACME ELECTRIC CORP <ACE> 1ST QTR OCT TWO","body":"Shr 17 cts vs four cts\n    Qtly div eight cts vs eight cts\n    Net 739,000 vs 157,000\n    Revs 21.1 mln vs 14.5 mln\n    NOTE: 1986 1st qtr adjusted for five pct stock dividend\npain in March 1987.\n    Qtly dividend payable December seven to shareholders or\nrecord November nine.\n Reuter\n\u0003","date":"19-OCT-1987 12:54:00.85","topics":["earn"],"places":["usa"]},"21222":{"title":"NBI INC <NBI> 1ST QTR LOSS","body":"Sept 30 end\n    Shr loss 38 cts vs loss three cts\n    Net loss 3,300,000 vs loss 205,000\n    Revs 63.4 mln vs 72.1 mln\n    Avg shrs 8,966,000 vs 9,741,000\n    NOTE: 1986 first quarter results include 398,000 gain from\nrepurchase of debentures that had been discounted below market\nvalue.\n Reuter\n\u0003","date":"19-OCT-1987 12:53:49.00","topics":["earn"],"places":["usa"]},"21223":{"title":"KENNAMETAL <KMT> SEES IMPROVED 2ND QTR PROFITS","body":"Kennametal Inc said second quarter,\nending December 31, earnings should show significant\nimprovement over the 3.5 mln dlrs, or 35 cts a share, earned in\nthe year earlier quarter.\n    The company said this outlook is based on its optimism the\npositive trand in domestic metalworking sales will continue\nthrough its fiscal 1988.\n    It reported an increase in first quarter profits to 4.9 mln\ndlrs from 3.6 mln a year ago and said sale increases were\nexperienced in most markets with sales of domestic metalworking\nproducts achieving the greatest gains.\n Reuter\n\u0003","date":"19-OCT-1987 12:53:29.73","places":["usa"]},"21224":{"title":"AVX CORP <AVX> 3RD QTR OCT THREE NET","body":"Shr profit 30 cts vs profit three cts\n    Net profit 3,933,000 vs profit 436,000\n    Revs 70.4 mln vs 47.2 mln\n    Avg 13.2 mln vs 13.0 mln\n    Nine mths\n    Shr profit 85 cts vs loss 17 cts\n    Net profit 11.2 mln vs loss 2,083,000\n    Revs 192.1 mln vs 144.8 mln\n    Avg shrs 13.2 mln vs 12.0 mln\n   \n Reuter\n\u0003","date":"19-OCT-1987 12:51:37.08","topics":["earn"],"places":["usa"]},"21225":{"title":"FEDERAL EXPRESS <FDX> SEPTEMBER VOLUME RISES","body":"Federal Express Corp said that the\naverage daily volume of packages and documents for September\nincreased 26 pct over the same month in 1986.\n    The total volume of packages in September increased to\n17,687,000 from 14,077,000. The average daily volume of\npackages increased to 842,238 from 670,333.\n    For the first four months of the fiscal year, ending Sept\n30, the company said its total volume of packages increased to\n69,826,000 from the 54,232,000 reported during the same period\nlast year. The average daily volume during the period increased\nto 802,598 from 638,024.\n Reuter\n\u0003","date":"19-OCT-1987 12:50:31.70","places":["usa"]},"21226":{"title":"CATERPILLAR INC 3RD QTR SHR 1.47 DLRS VS LOSS 26 CTS\n","date":"19-OCT-1987 12:48:05.35"},"21227":{"title":"STRATUS COMPUTER INC <STRA.O> 3RD QTR NET","body":"Shr 26 cts vs 18 cts\n    Net 5,281,000 vs 3,496,000\n    Revs 48.8 mln vs 32.1 mln\n    Nine mths\n    Shr 64 cts vs 51 cts\n    Net 12.9 mln vs 9,822,000\n    Revs 129.0 mln vs 89.2 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:46:29.00","topics":["earn"],"places":["usa"]},"21228":{"title":"SOSNOFF REDUCES CAESARS WORLD <CAW> STAKE","body":"New York investor Martin Sosnoff said\nhe reduced his stake in Caesars World Inc common stock to\n3,878,700 shares, or 16 pct of the company's common stock\noutstanding, from about 17.4 pct.\n    Sosnoff, who tried unsuccessfully to acquire Caesars World\nearlier this year, said in a filing with the Securities and\nExchange Commission that he sold 338,975 Caesars World shares\non October 15 and 16 at 22.50 dlrs to 25.25 dlrs a share.\n    Sosnoff said he holds his Caesars World stock \"primarily\nfor investment purposes\". He also said he reserves the right to\nalter his intentions at any time.\n Reuter\n\u0003","date":"19-OCT-1987 12:44:59.48","topics":["acq"],"places":["usa"]},"21229":{"title":"GRACO <GGG> SEES LOWER EARNINGS FOR YEAR","body":"Graco Inc said it expects 1987\nearnings to be below last year's record level, despite higher\nsales.\n    The company last year earned 14.3 mln dlrs, or 2.38 dlrs a\nshare, on sales of 225.1 mln dlrs.\n    It said its order backlog remains strong and it will\ncomplete delivery and installation of several large auto plant\nfinishing systems during the fourth quarter.\n    Earlier, it reported third quarter earnings of 3.1 mln\ndlrs, or 54 cents a share compared with 4.4 mln dlrs, or 73\ncents a share a year earlier.\n Reuter\n\u0003","date":"19-OCT-1987 12:42:55.68","places":["usa"]},"21230":{"title":"CRAZY EDDIE INC SAYS IT WON'T OPPOSE SLATE OF ENTERTAINMENT MARKETING\n","date":"19-OCT-1987 12:41:58.41","topics":["acq"]},"21231":{"title":"FEDERAL-MOGUL CORP 3RD QTR SHR 66 CTS VS 48 CTS\n","date":"19-OCT-1987 12:41:03.94"},"21232":{"title":"MYERS INDUSTRIES INC <MYE> 3RD QTR NET","body":"Shr 26 cts vs 18 cts\n    Net 1,409,551 vs 985,470\n    Revs 38.4 mln vs 22.5 mln\n    Nine mths\n    Shr 64 cts vs 47 cts\n    Net 3,477,188 vs 2,558,625\n    Revs 88.8 mln vs 63.9 mln\n    NOTE: Earnings per share adjusted for 3-for-2 stock split\ndistributed on September 4.\n Reuter\n\u0003","date":"19-OCT-1987 12:40:46.92","topics":["earn"],"places":["usa"]},"21233":{"title":"VICTORIA BANCKSHARES INC <VICT.O> 3RD QTR NET","body":"Shr profit two cts vs loss 2.60 dlrs\n    Net profit 111,000 vs loss 16.9 mln\n    Nine mths\n    Shr profit 19 cts vs loss 2.80 dlrs\n    Net profit 1,261,000 vs loss 18.1 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:39:54.49","topics":["earn"],"places":["usa"]},"21234":{"title":"INTERSTATE SECURITIES INC <IS> 4TH QTR SEPT 30","body":"Shr 11 cts vs 22 cts\n    Qtly div 10 cts vs 10 cts prior\n    Net 548,254 vs 1,138,978\n    Revs 28 mln vs 31.1 mln\n    Year\n    Shr 50 cts vs 1.34 dlrs\n    Net 2,527,846 vs 6,822,293\n    Revs 111.7 mln vs 118.9 mln\n    NOTE: Qtly div payable December 4 to shareholders of record\nNovember 13.\n Reuter\n\u0003","date":"19-OCT-1987 12:39:24.91","topics":["earn"],"places":["usa"]},"21235":{"title":"PROTESTERS MARCH AGAINST PRICE RISES IN SUDAN","body":"About 10,000 people marched through the\nSudanese capital Monday in protest against price increases and\ndevaluation of the Sudanese pound.\n    The march was aimed at measures agreed with the\nInternational Monetary Fund, including devaluation of the\nSudanese pound by 44 pct and a rise in sugar and petrol prices.\n    The devaluation was announced on October 3. Sudan's foreign\ndebt costs an estimated one billion dlrs a year to service.\n REUTER\n\u0003","date":"19-OCT-1987 12:38:01.63","places":["sudan"]},"21236":{"title":"PANCHO'S MEXICAN BUFFET INC <PAMX.O> 4TH QTR NET","body":"Sept 30 end\n    Shr 14 cts vs 20 cts\n    Net 733,980 vcs 871,720\n    Revs 14.7 mln vs 12.0 mln\n    Avg shrs 5,130,190 vs 4,302,430\n    Year\n    Shr 61 cts vs 60 cts\n    Net 2,763,308 vs 2,550,133\n    Revs 50.0 mln vs 43.1 mln\n    Avg shrs 4,565,189 vs 4,277,046\n    Fiscal 1987 net both periods includes charge 480,000 dlrs\nto adjust premium reserves for workers' compensation and\nliability insurance claims.\n Reuter\n\u0003","date":"19-OCT-1987 12:37:28.48","topics":["earn"],"places":["usa"]},"21237":{"title":"FRANKLIN ELECTRIC CO INC <FELE.O> 3RD QTR NET","body":"Shr 85 cts vs 73 cts\n    Net 3,150,000 vs 2,699,000\n    Sales 39.8 mln vs 34.3 mln\n    Nine Mths\n    Shr 2.19 dlrs vs 1.86 dlrs\n    Net 8,109,000 vs 6,876,000\n    Sales 111.5 mln vs 100.7 mln\n    NOTE: 1987 tax credits added 14 cts to third quarter net\nand 33 cts to nine months net compared with credits of 16 cts\nand 45 cts in the respective 1986 periods.\n Reuter\n\u0003","date":"19-OCT-1987 12:37:13.02","topics":["earn"],"places":["usa"]},"21238":{"title":"ALTUS BANK <ALTS.O> 3RD QTR NET","body":"Oper shr three cts vs 48 cts\n    Oper net 170,000 vs 2,324,000\n    Nine mths\n    Oper shr 1.26 dlrs vs 1.84 dlrs\n    Oper net 6,157,000 vs 8,907,000\n    NOTE: Operating net excludes extraordinary gains of 231,000\ndlrs, or four cts a share, vs 2,657,000 dlrs, or 55 cts a\nshare, in quarter and 1,341,000 dlrs, or 28 cts a share, vs\n4,637,000 dlrs, or 95 cts a share, in the nine months\n Reuter\n\u0003","date":"19-OCT-1987 12:36:40.54","topics":["earn"],"places":["usa"]},"21239":{"title":"PERRY DRUG <PDS> DIRECTOR RESIGNS","body":"Perry Drug Stores Inc said Donald\nFox has resigned from the board of directors, effective\nimmediately.\n    Fox, a board director since 1971, said he was resigning\nbecause of new business interests, the company reported. Fox\nleft Perry as president and chief operating officer in January\nand was recently appointed president of Beauty Brands Group, a\ndistributor based in Southfield, Mich., the company said.\n Reuter\n\u0003","date":"19-OCT-1987 12:36:28.74","places":["usa"]},"21240":{"title":"KENNAMETAL INC <KMT> 1ST QTR SEPT 30 NET","body":"Shr 48 cts vs 35 cts\n    Net 4,946,000 vs 3,552,000\n    Sales 94.1 mln vs 84.5 mln\n    Avg shrs 10.2 mln vs 10.1 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:36:09.35","topics":["earn"],"places":["usa"]},"21241":{"title":"PERIPHERAL <PSIX.O> COMPLETES BATTERY TESTS","body":"Peripheral Systems Inc said it\ncompleted tests of the Nucell-50 radio isotope generating\nsystem, known as a resonant nuclear battery, designed to\nproduce up to 50 kilowatts of AC electricity.\n    The Nucell-50, developed by privately-held <Nucell Inc>,\nconverts the natural decay of radioactive materials directly\ninto electricity whout a nuclear reaction or fission process,\nthe company said.\n    Peripheral said it entered into a previously announced\nagreement to acquire Nucell, subject to shareholder approval,\nand has been providing research funds and engineering to it.\n    The merger calls for an unspecified amount of stock to be\npaid for Nucell, the company said.\n    The Nucell-50 unit, which measures 12 inches by 15 inches\nand weighs less than 50 pounds, can operate continuously for\nmany years, the company said.\n    The device uses a small amount of radioactive material,\nwhich can be shielded for consumer use, the company said.\n    Initial funding of the Nucell research and development was\nprovided by individuals, many of whom were officers and\ndirectors of Peripheral, the company said.\n Reuter\n\u0003","date":"19-OCT-1987 12:34:29.15","places":["usa"]},"21242":{"title":"COMPUTER CONSOLES INC <CCS> 3RD QTR NET","body":"Oper shr profit four cts vs profit 13 cts\n    Oper net profit 456,000 vs profit 1,633,000\n    Revs 37.8 mln vs 34.0 mln\n    Avg shrs 13.0 mln vs 13.0 mln\n    Nine mths\n    Oper shr profit 12 cts vs loss 39 cts\n    Oper net profit 1,614,000 vs loss 4,877,000\n    Revs 109.2 mln vs 88.3 mln\n    Avg shrs 13.1 mln vs 12.5 mln\n    NOTE: 1987 net excludes tax credits of 156,000 dlrs in\nquarter and 716,000 dlrs in nine mths.\n    1987 net both perioods includes charge one mln dlrs from\nrestructuring of Computer Products Division.\n Reuter\n\u0003","date":"19-OCT-1987 12:31:22.88","topics":["earn"],"places":["usa"]},"21243":{"title":"SENATE PANEL STUDIES LOAN RATE, SET ASIDE PLANS","body":"The Senate Agriculture Committee was\nexpected to consider proposals that would limit adjustments in\ncounty loan rate differentials which trigger larger corn and\nwheat acreage reduction requirements, Senate staff said.\n    A budget-saving proposal drafted by chairman Patrick Leahy\n(D-Vt) would limit adjustments in county loan rate\ndifferentials to no more than one pct per year from the\nnational average loan rate, starting with 1988 crops.\n    The plan also would allow the Agriculture Secretary to\nincrease the unpaid acreage reduction requirement for corn by\n\"an appropriate amount to generate savings\" if projected corn\nstocks exceeded 6.0 billion bushels.\n    Leahy's proposal would also allow a larger 1988 wheat set\naside if projected stocks surpassed 1.9 billion bushels.\n Reuter\n\u0003","date":"19-OCT-1987 12:30:42.95","topics":["grain","wheat","corn"],"places":["usa"]},"21244":{"title":"OMNICARE INC <OCR> 3RD QTR NET","body":"Shr profit five cts vs loss one ct\n    Net profit 504,000 vs loss 102,000\n    Revs 31.4 mln vs 32.0 mln\n    Nine mths\n    Shr profit 17 cts vs profit 26 cts\n    Net profit 1,729,000 vs profit 2,596,000\n    Revs 92.7 mln vs 112.6 mln\n    NOTE: 1986 3rd qtr net includes a after-tax charge of\n555,000 dlrs for sale of Reliacare Inc.\n   \n    1986 nine mths net includes charge of 1,253,000 dlrs or 12\ncts a share for sale of Reliacare and Inspiron Hospital\nProducts division.\n    1986 nine mths net also includes aftertax earnings of\n2,256,000 dlrs or 22 dlrs a share for American Medical\nInternational Inc <AMI> contracts which expired July 1986.\n Reuter\n\u0003","date":"19-OCT-1987 12:30:28.20","topics":["earn"],"places":["usa"]},"21245":{"title":"U.S. INDUSTRIAL CAPACITY USE RATE 81.2 PCT IN SEPTEMBER, UNCHANGED FROM AUGUST\n","date":"19-OCT-1987 12:28:38.16","topics":["cpu"],"places":["usa"]},"21246":{"title":"CALIFORNIA MICRO <CAMD.O> IN JOINT VENTURE","body":"California Micro Devices said it\nsigned a memorandum of understanding with Telefonica to\nestablish a joint venture to make integrated circuits for the\nWestern European market.\n    Telefonica is the national telephone company of Spain.\n    Under the pact, the companies will design, develop, make \nand market application specific integrated circuits, thin film\nresistor networks and non-impact printhead substrates.\n    California Micro will contribute about two mln dlrs of its\nequity in the venture. Telefonics will invest five mln dlrs in\nCalifornia Micro common stock.\n  \n Reuter\n\u0003","date":"19-OCT-1987 12:27:53.01","places":["usa"]},"21247":{"title":"COUPON SET HIGHER FOR HEALTHVEST CONVERTIBLE","body":"The coupon on <Healthvest>'s 40 mln Swiss\nfranc seven-year subordinated convertible bond was set at 4-1/2\npct and not at the four pct indicated, lead manager S.G.\nWarburg Soditic SA said.\n    The issue, announced by the Texan company on October 12, \nis priced at par. Its conversion price was set at 23 dlrs\nduring the first three years and 21-3/4 dlrs during the last\nfour years, with the exchange rate fixed at 1.47 francs per\ndlr.\n    Bonds held until maturity will be redeemed at 116.43 pct\nfor a 6-1/2 pct annual yield. Subscriptions close on October\n28.\n REUTER\n\u0003","date":"19-OCT-1987 12:27:08.80","places":["switzerland"]},"21248":{"title":"DIME SAVINGS BANK N.Y. <DIME.O> 3RD QTR NET","body":"Shr 1.22 dlrs\n    Net 27.8 mln vs 28.6 mln\n    Nine mths\n    Shr 3.88 dlrs\n    Net 87.4 mln vs 98.7 mln\n    Assets 10.3 billion vs 8.4 billion\n    Deposits 7.4 billion vs 6.7 billion\n    Loans 7.9 billion vs 6.0 billion\n    NOTE: Full name is Dime Savings Bank of New York. 1986 per\nshare figures not available as bank converted to stock form in\nAugust 1986.\n    1987 qtr and nine mths includes gain 10.5 mln dlrs and 33.2\nmln dlrs, respectively, from utilization of net operating loss\ncarryforwards. 1986 qtr and nine mths includes gain 10.4 mln\ndlrs and 32.9 mln dlrs, respectively, from utilization of net\noperating loss carryforwards. 1987 qtr and nine mths also\nincludes charge of 835,000 dlrs for the early extinguishment of\ndebt net of tax benefit.\n Reuter\n\u0003","date":"19-OCT-1987 12:26:36.09","topics":["earn"],"places":["usa"]},"21249":{"title":"NORDIC INVESTMENT BANK GIVES LOAN TO NESTE","body":"The Nordic Investment Bank (NIB) said in\na statement it granted Finland's state-owned oil company Neste\nOy <Neoy.He> a one hundred million German mark loan to acquire\nshares in Sweden's OK Petroleum AB.\n    Neste is buying one quarter of the shares in the Swedish\ncompany, whose other shareholders are the Swedish State and a\nfederation of oil consumers.\n    Over 60 pct of the NIB's loans this year have involved the\nenergy sector.\n REUTER\n\u0003","date":"19-OCT-1987 12:26:05.24","places":["finland"]},"21250":{"title":"U.S. LAWMAKERS SAY STOCK DIVE CALLS FOR SUMMIT","body":"Two congressmen urged President Reagan\nto to call congressional leaders to a domestic economic summit\nto settle budget and trade matters they said contributed to the\nstock market fall.\n    Noting the nosediving New York Stock Exchange, Rep David\nObey, a Wisconsin Democrat and former chairman of the\nCongressional Economic Committee, said \"for the last five years\nthis economic recovery has been running on borrowed money and\nborrowed time.\"\n    In another House speech, Democrat Donald Pease of Ohio said\na domestic economic summit was \"desperately needed.\"\n Reuter\n\u0003","date":"19-OCT-1987 12:25:30.42","places":["usa"]},"21251":{"title":"HAL ROACH <HRSI.O>, ROBERT HALMI <RHI> TO MERGE","body":"Robert Halmi Inc said it and Hal Roach\nStudios Inc signed a definitive agreement to merge in a stock\nswap value at 115 mln dlrs, based on October 16 closing prices.\n    The company said the agreement calls for the holders of\ncommon stock in Hal Roach to exchange their shares on a\none-for-one basis for shares in the combined company.\n    It said holders of Robert Halmi common will exchange their\nshares on a two-and-one-half-for-one basis for shares in the\ncombined company.\n    The company said the swap will be tax-free.\n    The company also said <Qintex Ltd>, a 35 pct owner of Hal\nRoach common stock, has agreed to use the company as the\nexclusive vehicle for its U.S. media and entertainment\ninvestments, the company said.\n    The company said Qintex's U.S. subsidiary also agreed to\nsupply a minimum 70 mln dlrs line of credit to the new company,\nwhich shall be used, with Qintex approval, for financing new\nHRI products.\n    The company said that under the definitive agreement,\nQintex's U.S. division will have the right to purchase up to 51\npct of the new company in the open market, in private\ntransactions or by tender offer, but will not be purchasing\nwarrants to bring its ownership to 51 pct of the new company.\n    If Qintex's U.S. subsidiary has not achieved this ownership\nwithin one year after the completion of the merger, the\nsubsidiary will have the right two years thereafter to request\nthat HRI commence a rights offering to HRI stockholders, the\ncompany said.\n    Regarding the potential rights offering, Qintex's U.S.\nsubsidiary will act as standby purchaser, the company said.\n    The transaction is subject to the approval of both\ncompany's shareholders, the receipt of certain tax approvals,\nand the continued employement of Robert Halmi Sr and Robert\nHalmi Jr, the company said.\n    Robert Halmi Sr, who is currently chairman and chief\nexecutive officer of Robert Halmi Inc, will be chairman of the\nnew company and David Evans, current president and chief\noperating officer of Hal Roach, will become chief executive,\nthe company said.\n Reuter\n\u0003","date":"19-OCT-1987 12:23:06.94","topics":["acq"],"places":["usa"]},"21252":{"title":"PICCADILLY CAFETERIAS INC <PICC.O> 1ST QTR NET","body":"Sept 30 end\n    Shr 32 cts vs 32 cts\n    Net 2,990,000 vs 2,988,000\n    Sales 57.3 mln vs 54.6 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:22:20.46","topics":["earn"],"places":["usa"]},"21253":{"title":"SYSTEM SOFTWARE <SSAX.O> COMPLETES ACQUISITION","body":"System Software Associates Inc said it\ncompleted its previously-announced acquisition of Admin EDP Pty\nLtd for cash and a small amount of stock.\n    Admin EDP, of Sydney, Australia, is a full-service software\nsales and services firm.\n Reuter\n\u0003","date":"19-OCT-1987 12:22:08.04","topics":["acq"],"places":["usa"]},"21254":{"title":"GRACO INC <GGG> 3RD QTR SEPT 25 NET","body":"Shr 54 cts vs 73 cts\n    Net 3,080,000 vs 4,367,000\n    Sales 59.6 mln vs 55.6 mln\n    Nine mths\n    Shr 1.44 dlrs vs 1.81 dlrs\n    Net 8,526,000 vs 10,857,000\n    Sales 172.4 mln vs 167.0 mln\n    Backlog 34 mln dlrs vs 29 mln dlrs\n    NOTE: 1986 period ended September 26\n Reuter\n\u0003","date":"19-OCT-1987 12:22:03.53","topics":["earn"],"places":["usa"]},"21255":{"title":"FIRST MICHIGAN BANCORP <FMBC.O> 3RD QTR NET","body":"Shr 55 cts vs 48 cts\n    Net 2,520,000 vs 2,211,000\n    Nine mths\n    Shr 1.57 dlrs vs 1.41 dlrs\n    Net 7,223,000 vs 6,475,000\n Reuter\n\u0003","date":"19-OCT-1987 12:21:45.80","topics":["earn"],"places":["usa"]},"21256":{"title":"COUNTRYWIDE TRANSPORT <CWTS.O> 3RD QTR NET","body":"Shr 19 cts vs 15 cts\n    Net 826,362 vs 421,759\n    Revs 19.0 mln vs 14.8 mln\n    Avg shrs 4,400,000 vs 2,900,000\n    Nine Mths\n    Shr 48 cts vs 31 cts\n    Net 1,872,075 vs 887,478\n    Revs 51.6 mln  41.1 mln\n    Avg shrs 3,889,000 vs 2,900,000\n    Note: Full name Countrywide Transport Services Inc.\n Reuter\n\u0003","date":"19-OCT-1987 12:19:29.83","topics":["earn"],"places":["usa"]},"21257":{"title":"SOFTWARE SERVICES OF AMERICA INC <SSOA.O> NET","body":"Shr four cts vs five cts\n    Net 85,292 vs 109,285\n    Revs 2,916,128 vs 474,819\n Reuter\n\u0003","date":"19-OCT-1987 12:18:51.38","topics":["earn"],"places":["usa"]},"21258":{"title":"A. SCHULMAN <ASHL.O> SETS SPECIAL DIVIDEND","body":"A. Schulman Inc said its board\ndeclared a special dividend of 10 cents per share, payable\nNovember 23 to holders of record November 9.\n    The company also said its board authorized the spending of\n15 mln dlrs for a new warehouse and plant in West Germany\nadjacent to its present location there.\n    It said the board also authorized the spending of 1,700,000\ndlrs to provide additional warehouse, laboratory and office\nspace at its Belgian facility.\n Reuter\n\u0003","date":"19-OCT-1987 12:17:53.94","places":["usa"]},"21259":{"title":"KEYCORP <KEY> 3RD QTR NET","body":"Shr 85 cts vs 77 cts\n    Net 25.8 mln vs 21.9 mln\n    Avg shrs 29.0 mln vs 27.1 mln\n    Nine mths\n    Shr 2.22 dlrs vs 2.14 dlrs\n    Net 67.9 mln vs 60.1 mln\n    Avg shrs 29.0 mln vs 26.5 mln\n    NOTE: Previously reoprted amounts restated for earnings of\nFirst NorthWest Bancorp acquired in pooling of interests on\nJuly 31, 1987.\n Reuter\n\u0003","date":"19-OCT-1987 12:16:39.43","topics":["earn"],"places":["usa"]},"21260":{"title":"ALLIED-SIGNAL INC <ALD> 3RD QTR OPER NET","body":"Oper shr 1.02 dlrs vs 82 cts\n    Oper net 174 mln vs 149 mln\n    Revs 2.7 billion vs 2.4 billion\n    Nine mths\n    Oper shr 2.54 dlrs vs 2.64 dlrs\n    Oper net 438 mln vs 492 mln\n    Revs 8.2 billion vs 7.4 billion\n    NOTE: 1987 3rd qtr and nine mths includes after-tax 82 mln\ndlr or 49 cts a share gain for increase in equity of Union\nTexas Petroleum Holdings Inc, for initial public offering.\n   \n    1987 nine mths net includes after-tax gain of 73 mln dlrs\nor 42 cts a share on sale of remaining interest in the Henley\nGroup Inc and other related transactions, which was partly\noffset by an after-tax loss of 30 mln dlrs ot 17 cts a share\nfor repurchase of high coupon bonds.\n    1987 nine mths also excludes 79 mln dlrs for estimated net\ngain on disposal of discontinued operations as of March 31,\n1987, including Linotype Group, Amphenol Products, Ampex Corp.\n    1986 amounts restated to exclude sales and expenses of\ndiscontinued operations.\n   \n    1986 3rd qtr and nine mths oper net excludes operating\nincome of 15 mln dlrs and and 44 mln dlrs for discontinued\noperations.\n    1986 nine mths includes a 43 mln dlrs or 24 cts a share\nafter tax gain for reversion of surplus pension funds.\n    At end of 1987 and 1986 third quarter, average shares\noutstanding were 169.9 mln and 175.4 mln outstanding, after\ndeducting dividends accured on preferred stock. At end of 1987\nand 1986 nine mth period, average shares were 172.5 mln and\n175.9, respectively, after deducting for preferred stock\ndividends.\n Reuter\n\u0003","date":"19-OCT-1987 12:15:58.15","topics":["earn"],"places":["usa"]},"21261":{"title":"CORBY DISTILLERIES <CDL.TO> TO BUY HEUBLEIN UNIT","body":"Corby Distilleries Ltd said it has\nagreed to buy Toronto-based McGuinness Distillers Ltd from\nHeublein Inc for about 45 mln dlrs in a move which Corby\nexpects to add significantly to domestic earnings.\n     Heublin is a subsidiary of Grand Metropolitan PLC\n(GMHL.L).\n     Corby said McGuinness will remain a seperate business unit\nwith a seperate sales force.\n     McGuinness markets liquers, brandy, and other liquors and\nhas entered the fast-expanding wine cooler market, Corby said.\n     Corby said it expects to benefit from McGuinness's\nsuccesfull introduction of schnapps and coolers and its\nstrength in traditional market sectors.       \n     Heublein said the sale does not include McGuinness's\nCalona Wines Ltd, a Canadian wine company.\n     Heublein said it is will still be represented in Canada by\nGilbey Canada Inc. reuter\n Reuter\n\u0003","date":"19-OCT-1987 12:14:05.07","topics":["acq"],"places":["canada"]},"21262":{"title":"BURR-BROWN CORP <BBRC.O> 3RD QTR NET","body":"Shr 16 cts vs 13 cts\n    Net 1,538,000 vs 1,288,000\n    Sales 35.3 mln vs 29.5 mln\n    Nine Mths\n    Shr 27 cts vs 37 cts\n    Net 2,601,000 vs 3,586,000\n    Sales 102.0 mln vs 84.2 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:13:55.75","topics":["earn"],"places":["usa"]},"21263":{"title":"DIME SAVINGS BANK OF NEW YORK 3RD QTR NET 27.8 MLN DLRS 28.6 MLN DLRS\n","date":"19-OCT-1987 12:12:24.61"},"21264":{"title":"TEMPLE-INLAND INC <TIN> 3RD QTR NET","body":"Shr 1.24 dlrs vs 66 dlrs\n    Net 38.2 mln vs 20.1 mln\n    Revs 419.1 mln vs 333.8 mln\n    Nine mths\n    Shr 3.50 dlrs vs 1.74 dlrs\n    Net 107.7 mln vs 53 mln\n    Revs 1.2 billion vs 940 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:10:52.39","topics":["earn"],"places":["usa"]},"21265":{"title":"UNIVERSAL FURNITURE LTD <UFURF.O> 3RD QTR NET","body":"Shr 34 cts vs 26 cts\n    Net 6,150,000 vs 4,743,000\n    Revs 61.4 mln vs 49.5 mln\n    Nine months\n    Shr 89 cts vs 70 cts\n    Net 16 mln vs 11.8 mln\n    Revs 170 mln vs 137.5 mln\n    NOTE: All share and per share data have been adjusted to\nreflect 100 pct stock dividend distrition on April 24, 1987 and\nthe public offier of two mln shares ofthe company on June 4,\n1986.\n Reuter\n\u0003","date":"19-OCT-1987 12:09:52.75","topics":["earn"],"places":["usa"]},"21266":{"title":"A. SCHULMAN INC <SHLM.O> 4TH QTR AUG 31 NET","body":"Shr 63 cts vs 49 cts\n    Net 5,635,000 vs 4,330,000\n    Sales 117.8 mln vs 96.2 mln\n    Year\n    Shr 2.21 dlrs vs 1.71 dlrs\n    Net 19.8 mln vs 15.2 mln\n    Sales 465.1 mln vs 388.5 mln\n    NOTE: Share adjusted for February 1987 three-for-two split.\n    Prior year results restated.\n Reuter\n\u0003","date":"19-OCT-1987 12:09:12.96","topics":["earn"],"places":["usa"]},"21267":{"title":"USX <X> UNIT HIKES CRUDE OIL POSTED PRICES","body":"Marathon Petroleum Company, a subsidiary\nof USX Corp, said it lowered posted prices for crude oil by 50\ncts with an effective date of October 16.\n    The increase brings posted prices for West Texas\nIntermediate and West Texas Sour to 19.00 dlrs a barrel each.\nSouth Louisiana Sweet was increased to 19.35 dlrs a barrel.\n    Several indepndent oil companies such as Permian Corp and\nCoastal Corp <CGP> said they had moved prices up effective last\nFriday the day Sun Co <SUN> announced a 50 cts a barrel\nincrease to 19.00 dlrs a barrel.\n Reuter\n\u0003","date":"19-OCT-1987 12:08:43.13","topics":["crude"],"places":["usa"]},"21268":{"title":"LONDON GOLD 1500 FIX - OCT 19 - 481.00 DLRS\n","date":"19-OCT-1987 12:07:57.58"},"21269":{"title":"ANCHOR GLASS <ANC> SEES FLAT ANNUAL RESULT","body":"Anchor Glass Container Corp said it\nexpects fourth quarter profits to exceed the 4.7 mln dlrs\nreported for the third quarter and net income for the full year\nwill be about equal to or slightly exceed 1986's profit before\nextraordinary items of 20.6 mln dlrs.\n    For the first nine months, Anchor reported operating\nprofits of 16.2 mln dlrs, down from 17.8 mln dlrs in 1986.\n    It said third quarter profits, which dropped from 8.3 mln\ndlrs a year earlier, \"were on target with management's earlier\nexpectations\".\n    The company had previously said it expected the August 13\npurchase of Diamond-Bathurst Inc to reduce third quarter\nearnings.\n    It said third quarter earnings were also reduced by about\n800,000 dlrs, or six cents a share, by a year-to-date revision\nin the estimated annual effective tax rate as a result of the\nacquisition.\n Reuter\n\u0003","date":"19-OCT-1987 12:07:35.60","places":["usa"]},"21270":{"title":"USX <X>, INLAND <IAD> IN STEEL COIL VENTURE","body":"USX Corp said its USS division and\nInland Steel Corp are continuing to pursue plans to construct a\nplant devoted to the continuous pre-painting of steel coils.\n    The company said the proposed facility will primarily serve\nthe appliance market and will have a capacity of 250,000 to\n300,000 tons yearly.\n    The company said a location for the new plant has not been\ndetermined.\n    Seperately, USX said it and Inland have been unable to\nreach agreement with <Worldmark Corp> regarding terms of a\npreviously announced arrangement for prepainting steel coils.\n Reuter\n\u0003","date":"19-OCT-1987 12:05:46.91","places":["usa"]},"21271":{"title":"BEARINGS INC <BER> 1ST QTR NET","body":"Sept 30 end\n    Primary 76 cts vs 51 cts\n    Diluted shr 70 cts vs 49 cts\n    Net 2,802,000 vs 2,030,000\n    Revs 124.9 mln vs 117.2 mln\n    Primary avg shrs 3,687,000 vs 4,016,000\n    Diluted avg shrs 4,786,000 vs 5,101,000\n Reuter\n\u0003","date":"19-OCT-1987 12:05:30.11","topics":["earn"],"places":["usa"]},"21272":{"title":"CHEMICAL WASTE MANAGEMENT INC<CHW> 3RD QTR NET","body":"Shr 24 cts vs 15 cts\n    Net 24,057,000 vs 14,508,000\n    Revs 156.1 mln vs 111.2 mln\n    Nine mths\n    Shr 63 cts vs 40 cts\n    Net 63,183,000 vs 36,464,000\n    Revs 405.0 mln vs 295.8 mln\n Reuter\n\u0003","date":"19-OCT-1987 12:04:51.09","topics":["earn"],"places":["usa"]},"21273":{"title":"MONSANTO <MTC> NUTRASWEET SALES SHOW SMALL DROP","body":"Monsanto Co said sales of its\nNutrasweet artificial sweetener fell slightly in the third\nquarter due to a continuing decline in usage by the powdered\nsoft drink market.\n    \"It doesn't look as if there is going to be any improvement\nin the powdered soft drink sector,\" said Donna Smith, a\nMonsanto spokeswoman.\n    The company reported third quarter sales of 1.90 billion\ndlrs from 1.69 billion a year earlier. Nutrasweet sales fell to\n177 mln from 179 mln a year earlier, it said.\n    A growing market for diet sodas, about 90 pct of which use\nNutrasweet, offset much of the sales loss, said Monsanto chief\neconomist Nick Filippello.\n    Prospects remain strong in the diet soda market, Filippello\nsaid, since industry analysts predict diet carbonated soft\ndrinks will hold about 28 pct of the soda market by year's end,\nup from 25 pct in 1986.\n    That market, coupled with increased usage of Nutrasweet in\nsuch items as frozen desserts, should result in a 10 pct\nincrease in consumer consumption of the sweetener in 1987,\nFilippello said.\n    Monsanto spokeswoman Donna Smith refused to comment on the\ncompany's pricing policies for Nutrasweet.\n    However, Filippello said it was fair to assume that\nMonsanto priced Nutrasweet at a lower rate for the diet soda\nmarket.\n    Nutrasweet sales have been falling since the fourth quarter\nof 1986 when medical studies raised questions about its\npossible side effects, such as migraine headaches.\n    Monsanto acquired G.D. Searle and Co, Nutrasweet's maker in\n1986.\n Reuter\n\u0003","date":"19-OCT-1987 12:03:29.15","places":["usa"]},"21274":{"title":"MARATHON RAISED CRUDE POSTED PRICES BY 50 CTS A BARREL EFFECTIVE OCTOBER 16.\n","date":"19-OCT-1987 12:01:28.02","topics":["crude"]},"21275":{"title":"AIR PRODUCTS AND CHEMICALS INC <APD> 4TH QTR NET","body":"Oper shr 70 cts vs 18 cts\n    Oper net 39.1 mln vs 10.0 mln\n    Sales 543.6 mln vs 489.6 mln\n    Year\n    Oper shr 2.83 dlrs vs 1.82 dlrs\n    Oper net 159.7 mln vs 106.9 mln\n    Sales 2.13 billion vs 1.94 billion\n    Avg shrs 56.4 mln vs 58.6 mln\n    NOTE: Results restated for discontinued engineering\nservices operations.\n    Prior year net excludes losses from discontinued operations\nof 143,000 dlrs in quarter and 102,156 dlrs in year.\n    Fiscal 1987 year net excludes 4,081,000 dlr charge from\nearly debt retirement.\n    Fiscal 1986 net includes special charges 24.7 mln dlrs in\nquarter and 37.2 mln dlrs in year from worgroce reduction\ncosts, revaluation of South African investment, reversal of\ninvestment tax credits and othe4r items.\n Reuter\n\u0003","date":"19-OCT-1987 11:59:55.84","topics":["earn"],"places":["usa"]},"21276":{"title":"TAKESHITA CHOSEN AS NEXT JAPAN PRIME MINISTER","body":"Japan's ruling Liberal Democratic Party\n(LDP) on Tuesdayhose former Finance Minister Noboru Takeshita\nto be the next prime minister, replacing Yasuhiro Nakasone\nwhose term ends on October 30.\n    LDP officials told Reuters the choice was made by Nakasone\nafter Takeshita and two other contenders failed in marathon\nclosed-door meetings to agree who should be Japan's next\nleader.\n    They were vying for the presidency of the LDP, a post which\nautomatically carries with it the premiership by virtue of the\nparty's parliamentary majority.\n Reuter\n\u0003","date":"19-OCT-1987 11:59:42.92","places":["japan"]},"21277":{"title":"TRANSATLANTIC ROW IMPERILS LOUVRE ACCORD-DEALERS","body":"The Louvre accord on currency stability,\nwhich has maintained an uneasy calm in currency markets since\nlast February, appeared in serious danger today as a\ntransatlantic dispute over West German interest rates came to\nthe boil, foreign exchange dealers said.\n    But as the dollar slid against the mark and world stock and\nbond markets plunged, officials in the major industrial\ncountries played down the dispute as a bilateral problem\nbetween the United States and West Germany and insisted that\nthe currency pact was still alive.\n    U.S. Treasury Secretary James Baker sparked the market\nfears when he attacked the rise in West German short-term\ninterest rates. \"That's not in keeping with the spirit of what\nwe agreed to as recently as earlier this month in Washington,\"\nBaker said in a U.S. Television interview on Sunday. He was\nreferring to the meetings of Finance Ministers from the Group\nof Seven (G7) leading industrial nations which reaffirmed the\npact.\n    Under the Louvre Accord West Germany and Japan, who both\nhave large trade surpluses, pledged to boost their economic\ngrowth to take in more exports from the U.S., While the U.S.\nAgreed to stop talking the dollar down.\n    However, Baker said on Saturday that while the Louvre\nagreement was still operative, the West German interest rate\nmove would force the U.S. To re-examine the accord.\n    \"The foreign exchange market has been told by Baker that\nhe's going to hammer Germany ... He has just declared all bets\nare off in terms of currency cooperation,\" Chris Johns, currency\nanalyst at UBS-Phillips and Drew in London said.\n    But a Bank of Japan official took a much more sanguine\nview, telling Reuters that \"the exchange market is apparently\nreacting too much, and anyone who sold the dollar on the Baker\ncomment will regret it later on.\"\n    French Finance Minister Edouard Balladur, who hosted the\nLouvre meeting, was the only one of the G7 Finance Ministers to\nrespond directly to Baker's remarks. He called for \"a faithful\nand firm adherence by all the major industrial countries to the\nLouvre accords -- in both their letter and spirit.\"\n    Neither the West German Finance Ministry nor the British\nTreasury commented on the row.\n    But a Japanese Finance Ministry official said that despite\nU.S. Frustration over higher interest rates abroad, \"this does\nnot represent its readiness to scrap the basic framework of the\nLouvre Accord.\"\n    In Frankfurt F. Wilhelm Christians, joint chief executive\nof West Germany's largest bank, Deutsche Bank, said that\nfollowing recent meetings with Baker, he believed that the U.S.\nWas still committed to the accord.\n    In a move which the market interpreted as a possible\ngesture of reconciliation, the Bundesbank added short-term\nliquidity to the West German money market at 3.80 pct on\nMonday, down from the 3.85 pct level at which it injected\nmedium-term liquidity last week. The Bank of France also\nstepped into the French money market to hold down rates,\ninjecting short-term liquidity at 7-3/4 pct after rates rose\nclose to eight pct.\n Reuter\n\u0003","date":"19-OCT-1987 11:59:35.68","topics":["money-fx"],"places":["france","west-germany","usa","japan"]},"21278":{"title":"NORTHVIEW <NOVC.O> PLANS TO SELL COMPANY","body":"Northview Corp said it reached\nan agreement in principal covering the acquisition of the\ncompany by privately-held Calmark Financial Corp.\n    The agreement calls for Northview to make a self-tender\noffer for all of its outstanding stock at a price of 22 dlrs\nper share in cash.\n    Calmark, headquartered in Los Angeles, develops, manages\nand syndicates real estate, Northview also said.\n Reuter\n\u0003","date":"19-OCT-1987 11:59:27.61","topics":["acq"],"places":["usa"]},"21279":{"title":"LOGICON INC <LGN> GETS ADD ON TO CONTRACT","body":"Logicon Inc said it received a\nthree-mln-dlr modification to its contract to develop cruise\nmissile simulation systems for the U.S. Air Force.\n    The company said the modification brings the contract to\n12.6 mln dlrs.\n    In addition, a separate 500,000-dlr option may be exercised\nafter the basic simulation systems and software simulation are\ndelivered in September, 1988, it said.\n Reuter\n\u0003","date":"19-OCT-1987 11:58:56.32","places":["usa"]},"21280":{"title":"BUNDESBANK WILL NOT HOLD NEWS CONFERENCE THURSDAY","body":"The Bundesbank will not hold a news\nconference after its regular fortnightly central bank council\nmeeting on Thursday, a spokesman said in answer to enquiries.\n    The council is meeting in West Berlin, where it meets once\na year. It also meets once a year in another German city. These\nmeetings outside Frankfurt are traditionally followed by a news\nconference. The spokesman declined to comment further.\n    In Bonn a finance ministry spokesman said Finance Minister\nGerhard Stoltenberg would take part in the meeting in West\nBerlin. His participation was arranged long ago, he added.\n REUTER\n\u0003","date":"19-OCT-1987 11:58:27.37","places":["west-germany"]},"21281":{"title":"UNION NATIONAL CORP <UNBC.O> 3RD QTR NET","body":"Shr 80 cts vs 70 cts\n    Shr diluted 76 cts vs 67 cts\n    Qtly div 33 cts vs 33 cts prior\n    Net 7,879,000 vs 7,007,000\n    Nine mths\n    Shr 2.33 dlrs vs 2.01 dlrs\n    Shr diluted 2.22 dlrs vs 1.92 dlrs\n    Net 23.0 mln vs 20.0 mln\n    Avg shrs 9,890,148 vs 10.0 mln\n    NOTE: Dividend pay Dec 10, record Nov 20.\n Reuter\n\u0003","date":"19-OCT-1987 11:57:34.73","topics":["earn"],"places":["usa"]},"21282":{"title":"CORBY DISTILLERIES LTD TO BUY HEUBLEIN'S MCGINNESS DISTILLERS FOR 45 MLN CANADIAN DLRS\n","date":"19-OCT-1987 11:57:14.61","topics":["acq"]},"21283":{"title":"AMCAST INDUSTRIAL CORP <ACST.O> 4TH QTR LOSS","body":"Aug 31\n    Shr loss 34 cts vs profit 39 cts\n    Net loss 2,337,000 vs profit 2,532,000\n    Revs 66.1 mln vs 58.5 mln\n    Avg shrs 7,166,000 vs 6,763,000\n    12 months\n    Shr profit 26 cts vs loss 1.20 dlrs\n    Net profit 1,815,000 vs loss 7,927,000\n    Revs 264.3 mln vs 229.7 mln\n    Avg shrs 7,005,000 vs 6,621,000\n    NOTE: Results include pretax restructuring provisions of\n4.2 mln dlrs and 22.5 mln dlrs for 1987 and 1986, respectively.\n Reuter\n\u0003","date":"19-OCT-1987 11:57:10.49","topics":["earn"],"places":["usa"]},"21284":{"title":"AIR PRODUCTS AND CHEMICALS INC 4TH QTR OPER SHR 70 CTS VS 18 CTS\n","date":"19-OCT-1987 11:56:42.13"},"21285":{"title":"FED ARRANGES THREE-DAY SYSTEM REPOS","body":"The Federal Reserve entered the\ngovernment securities market to arrange three-day system\nrepurchase agreements, a spokesman for the New York Fed said.\n    Federal funds were trading at 7-5/8 pct at the time of the\ndirect injection of temporary reserves, dealers said.\n Reuter\n\u0003","date":"19-OCT-1987 11:55:16.35","topics":["interest"],"places":["usa"]},"21286":{"title":"DATACOPY CORP <DCPY.O> 3RD QTR NET","body":"Shr profit three cts vs profit one ct\n    Net profit 129,082 vs profit 36,099\n    Revs 3,864,187 vs 1,875,919\n    Nine Mths\n    Shr loss six cts vs profit two cts\n    Net loss 303,581 vs profit 110,311\n    Revs 9,517,242 vs 5,248,105\n    NOTE: Prior qtr and nine mth figures include extraordinarycredits of 15,000 dlrs and 48,000 dlrs, respectively.\n Reuter\n\u0003","date":"19-OCT-1987 11:55:07.04","topics":["earn"],"places":["usa"]},"21287":{"title":"MEDIA GENERAL <MEG> HOLDERS MAY SEEK CONTROL","body":"A shareholder group led by Barris\nIndustries Inc <BRSS.O> said it acquired a 9.8 pct stake in\nMedia General Inc Class A common stock and may seek seek\ncontorl of the company.\n    In a filing with the Securities and Exchange Commission,\nthe group said it holds 2,711,000 shares of Media General\ncommons stock purchased at a total cost of about 108.3 mln\ndlrs.\n    In addition to the possible bid for control, the group said\nit may purchase additional Media General shares or possibly\nseek one or more seats on the company's board of directors\nthrough a proxy contest.\n    A bid for control of Media General would be subject to \"a\nrecapitalization or possible restructuring and to possible\nchanges in the charter documents and by-laws of the company,\"\nit said.\n    The group said it had held discussions with third parties\nto gauge their interest in joining the shareholder group, but\nno agreements were reached.\n    Talks with third parties are expected to continue, the\nshareholder group said.\n    Between October 13 and 16, Barris Industries bought\n1,322,200 shares of Media General Class A common stock 42.50\ndlrs to 45.50 dlrs a share in open market transactions, and\nanother 12,000 shares privately.\n Reuter\n\u0003","date":"19-OCT-1987 11:53:06.11","topics":["acq"],"places":["usa"]},"21288":{"title":"GOULD<GLD> NAMES PRESIDENT OF SEMICONDUCTER DIV","body":"Gould Inc said it named\nConrad Wredberg president and general manager of its\nSemiconducto\u001b[Br Division, based in Santa Clara, Calif.\n    Wredberg, formerly senior vice president of operations of\nthe division, succeeds Robert Penn. Penn was named vice\npresident of the Materials and Components Business Section, the\ncompany said.\n Reuter\n\u0003","date":"19-OCT-1987 11:51:48.53","places":["usa"]},"21289":{"title":"FED SETS THREE-DAY SYSTEM REPURCHASES, FED SAYS\n","date":"19-OCT-1987 11:51:29.48"},"21290":{"title":"GENCORP <GY> RKO UNIT ASKS TO KEEP FCC LICENSES","body":"RKO General Inc, a unit of GenCorp\nInc, said it asked the Federal Communications Commission (FCC)\nto reverse a preliminary ruling by an agency hearing officer\nand let it keep its 14 broadcast licenses.\n    The FCC hearing officer had recommended that all 14 of\nRKO's licenses be revoked.\n    \"If the decision is allowed to stand, it will destroy our\nright to broadcast,\" said William Reynolds, GenCorp chairman, in\na printed statement. \"The decision was based on allegations of\nmisconduct that are either in error or have no bearing on our\nfitness as a broadcaster.\"\n Reuter\n\u0003","date":"19-OCT-1987 11:51:22.03","places":["usa"]},"21291":{"title":"S-K-I <SKII.O> TO BUY CALIFORA SKI AREA","body":"S-K-I Ltd and <Goldmine Ski\nAssociates Inc> said they reached an agreement calling for\nS-K-I to buy Goldmine's California ski area for approximately\n10 mln dlrs.\n    S-K-I, which owns Killlington and Mount Snow ski resorts in\nVt., said the California ski area is located in the San\nBernardino mountains.\n    The company said it plans to invest approximately 10 mln\ndlrs into the ski area in the next few years.\n Reuter\n\u0003","date":"19-OCT-1987 11:51:14.33","topics":["acq"],"places":["usa"]},"21292":{"title":"ALLEGIS'<AEG>WESTIN SETS NEWS CONFERENCE ON SALE","body":"Westin Hotels and Resorts, a subsidiary\nof Allegis Corp, said it will hold a press conference on\nOctober 21 near San Francisco to discuss the pending sale of\nthe 61-hotel chain by Allegis.\n    Allegis has said that it plans to sell Westin buyt has not\nannounced that a deal has been set.\n Reuter\n\u0003","date":"19-OCT-1987 11:50:47.86","topics":["acq"],"places":["usa"]},"21293":{"title":"SWEDEN'S BOLIDEN TO OPEN SAUDI ARABIAN GOLD MINE","body":"Mining group Boliden AB said it had\nagreed with Saudi state agency General Petroleum and Mineral\nOrganisation (Petromin) to open a gold mine in Saudi Arabia to\nexploit one of the world's richest deposits of the metal.\n    Boliden spokesman Goran Paulson told Reuters the Swedish\ngroup would  be responsible for the technical side of the\noperation and would have no control over the product itself.\n    He said one option under discussion for refining the gold\nore would be to ship it to Boliden's Ronnskar copper smelter in\nnorthern Sweden.\n    Paulson declined to give a figure for the deal but said it\nwas strategically important since it increased Boliden's\npresence in Saudi Arabia.\n    \"Representatives from Petromin have visited Ronnskar\nalready...We see Saudi Arabia as the expansion area of the\nfuture,\" he said.\n    The new mine, which is being developed at Mahd adh Dhahab\nin the west of the country and should open in the first half of\n1988, would have an annual output of about 3,000 kilos of gold\nsmelted from around 120,000 tons of ore, he said.\n    Boliden already owns 50 pct of a gold ore deposit in Saudi\nArabia, but the new venture will be the first Saudi mine to\nopen in modern times.\n    \"This is a breakthrough for Boliden's sales of mining\ntechnology and knowhow,\" said the group's chief executive, Kjell\nNilsson.\n Reuter\n\u0003","date":"19-OCT-1987 11:50:42.77","topics":["gold"],"places":["sweden","saudi-arabia"]},"21294":{"title":"IBM <IBM>, NYNEX <NYN> TO PARTICIPATE IN TEST","body":"International Business\nMachines Corp said it and NYNEX Corp agreed to participate in\nan Integrated Services Digital Network field trial scheduled to\nbegin in April 1988.\n    The company said the trial is designed to aid in the\ndevelopment of international standards for Integrated Services\ninterfaces that connect telecommunications networks to display\nterminals and other devices.\n    Integrated Services Digital Network permits the\nsimultaneous transmission of voice, data, and garphics through\na single communications interface, the company said.\n Reuter\n\u0003","date":"19-OCT-1987 11:50:23.50","places":["usa"]},"21295":{"title":"AMERICAN REPUBLIC BANCORP <ARBC.O> 3RD QTR NET","body":"Shr profit 32 cts vs profit nine cts\n    Net profit 413,000 vs profit 63,000\n    Avg shrs 1,278,360 vs 728,476\n    Nine Mths\n    Shr profit 68 cts vs loss 57 cts\n    Net profit 708,000 vs loss 415,000\n    Avg shrs 1,041,697 vs 728,476\n Reuter\n\u0003","date":"19-OCT-1987 11:50:11.02","topics":["earn"],"places":["usa"]},"21296":{"title":"CAL FED INCOME PARTNERS L.P. <CFI> QUARTERLY DIV","body":"Qtly div 25 cts vs 25 cts\n    Pay Nov 16\n    Record Oct 30\n Reuter\n\u0003","date":"19-OCT-1987 11:49:55.98","places":["usa"]},"21297":{"title":"CAL FED INCOME <CFI> BUYS TWO SHOPPING CENTERS","body":"Cal Fed Income Partners L.P. said it\nhas acquired two shopping centers for a total price of 18.4 mln\ndlrs.\n    The company said it bought Best Plaza Shopping Center in\nPleasanton, Calif., For 12 mln dlrs and Bristol Place Shopping\nCenter in Santa Ana, Calif., for 16.4 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 11:49:49.58","topics":["acq"],"places":["usa"]},"21298":{"title":"FIRSTIER FINANCIAL INC <FRST.O> 3RD QTR NET","body":"Shr 1.05 dlrs vs 74 cts\n    Net 5,244,000 vs 3,684,000\n    Nine Mths\n    Shr 2.93 dlrs vs 2.14 dlrs\n    Net 14.6 mln vs 10.6 mln\n Reuter\n\u0003","date":"19-OCT-1987 11:49:28.82","topics":["earn"],"places":["usa"]},"21299":{"title":"<ADVANCED VIRAL> RESCHEDULES MEETING","body":"Advanced Viral Research Corp said that its\nannual shareholders meeting has been rescheduled for November\n12 from September 14.\n    The company said the rescheduling was made to meet\nSecurities and Exchange Commission regulations. It did not\nelaborate.\n Reuter\n\u0003","date":"19-OCT-1987 11:48:30.58","places":["usa"]},"21300":{"title":"SOUTHWEST BANCORP <SWB> 3RD QTR LOSS","body":"Shr loss primary 82 cts vs profit 15 cts\n    Shr loss diluted 82 cts vs 13 cts\n    Net loss 4,134,000 vs profit 649,000\n    Avg shrs 5,030,000 vs 3,927,000\n    Nine Mths\n    Shr loss primary 80 cts vs profit 37 cts\n    Shr loss diluted 80 cts vs 32 cts\n    Net loss 3,615,000 vs profit 1,652,000\n    Avg shrs 4,557,000 vs 3,927,000\n    Loans 231.2 mln vs 221.5 mln\n    Deposits 323.3 mln vs 281.9 mln\n    Assets 368.3 mln vs 346.5 mln\n    Note: Prior qtr and nine mth figures include operating loss\ncarryforward gains of 105,000 dlrs, or two cts per share and\n195,000 dlrs, or four cts per share, respectively.\n Reuter\n\u0003","date":"19-OCT-1987 11:46:14.43","topics":["earn"],"places":["usa"]},"21301":{"title":"SHAMROCK CAPITAL COMPLETES CENTRAL SOYA SALE","body":"Shamrock Capital L.P, a limited\npartnership led by Shamrock Holdings Inc, said it completed its\nsale of Central Soya Co Inc to Ferruzzi Agricola Finanziaria of\nItaly.\n    Under terms of the sale agreement, which was announced on\nSeptember 15, Ferruzzi acquired all the equity in Central Soya\nand assumed subordinated term debt of about 195 mln dlrs in a\ntransaction valued at about 370 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 11:45:59.81","topics":["acq"],"places":["usa","italy"]},"21302":{"title":"MARTIN MARIETTA <ML> 3RD QTR NET","body":"Shr 1.02 dlrs vs 96 cts\n    Net 55.6 mln vs 53.2 mln\n    Revs 1.3 billion vs 1.2 billion\n    Nine mths\n    Shr 3.13 dlrs vs 2.88 dlrs\n    Net 171.3 mln vs 159.0 mln\n    Revs 3.8 billion vs 3.5 billion\n    NOTE: 1987 3rd qtr and nine mths includes one time\nafter-tax charge of 14.3 mln dlrs or 26 cts a share for\npreviously announced anticipated sale in the fourth quarter of\nan investment in Equatorial Communications Co.\n    1986 amounts restated, increasing net by four cts a share,\nfor change in pension expense accounting.\n    Backlog on September 30, 1987 was 9.3 billion dlrs, which\ncompany said was a record.\n Reuter\n\u0003","date":"19-OCT-1987 11:45:45.01","topics":["earn"],"places":["usa"]},"21303":{"title":"STOLTENBERG ASSUMES COOPERATION WILL CONTINUE","body":"The West German government assumes that the\ncommitment to international monetary cooperation which was\nrenewed in Washington last month will continue, a Finance\nMinistry spokesman quoted Finance Minister Gerhard Stoltenberg\nas saying.\n    Stoltenberg's statement was a reaction to criticism of\nrises in West German interest rates voiced by U.S. Treasury\nSecretary James Baker over the weekend.\n Reuter\n\u0003","date":"19-OCT-1987 11:45:19.93","topics":["money-fx"],"places":["west-germany"]},"21304":{"title":"WANG <WAN> ANNOUNCES FOUR COMPUTERS","body":"Wang Laboratories Inc announced four\nadditions to its VS line of minicomputers which it said will\noffer double the capacity of the older models they replace.\n    Company officials told a news conference that Wang will\nalso announce new entry level and high end computers within the\nnext 12 months and a family of powerful work stations by the\nend of this year.\n    Ian Diery, Wang's senior vice president of U.S. operations,\nsaid the new models are lower priced than comparable computers\nfrom Digital Equipment Corp <DEC>, the world's largest maker of\nminicomputers.\n   \n    Minicomputers are medium sized machines usually used within\na department or work group of a larger company and typically\ncost between 10,000 and 500,000 dlrs.\n    The VS 5E will replace Wang's entry level VS 5. Priced at\n13,000 dlrs, it can support up to 16 users, double the eight\nsupported by the five and has three times the disc capacity of\nthe older system.\n    The VS 6E can support up to 32 users, double the capacity\nof the model six it replaces, and has three times the storage\ncapacity of the older model. The 6E is priced at 22,000 dlrs.\n   \n    The VS 75E, which replaces the 65, can support 64 users, 60\npct more than the older model and has twice the main memory\ncapacity. It is priced at 44,000 dlrs.\n    The new VS 7010, which acts as an entry level system for\nWang's more powerful 7000 family of minicomputers, can support\nbetween 30 and 55 users. It is priced at 75,000 dlrs.\n    All the new systems are now available, Diery said.\n    Bob Ano, Wang's senior vice president of corporate\nmarketing, said that before the end of the company's fiscal\nyear on June 30 it will introduce an entry level computer that\nwill have four times the power of the 5E introduced today.\n   \n    Within the next 12 to 18 months, he said, Wang will\nannounce a more powerful high-end machine that will offer\ndouble the price/performance of its 7000 series.\n    Ano said the new family of work stations planned for this\nyear will have a 32-bit semiconductor and be able to support\nthe industry standard MS-DOS and UNIX operating systems.\n Reuter\n\u0003","date":"19-OCT-1987 11:41:10.57","places":["usa"]},"21305":{"title":"SEC HEAD NOT URGING U.S. TRADING HALT AT PRESENT","body":"Securities and Exchange Commission\nChairman David Ruder said a brief trading halt has been\ndiscussed as one way of restoring order to the stock market,\nbut stressed he is not recommending one at present.\n    Speaking to reporters, Ruder said he has been in frequent\ncontact with New York Stock Exchange Chairman John Phelan about\nthe market's record drop today.\n    \"I'm not afraid to say that there is some point, and I\ndon't know what that point is, that I would be quite anxious to\ntalk to the New York Stock Exchange about a very temporary halt\nin trading,\" Ruder said.\n    Ruder, who spoke to reporters after addressing an American\nStock Exchange-sponsored investors' conference here, said that\nthe SEC does not have the legal authority to order a trading\nhalt.\n    Any trading halt, which would probably last no more than a\nhalf-hour, would have to be approved by the stock exchanges,\nRuder said.\n Reuter\n\u0003","date":"19-OCT-1987 11:40:11.89","places":["usa"]},"21306":{"title":"CIRCLE FINE ART <CFNE.O> IN LICENSING AGREEMENT","body":"Circle Fine Art Corp said it completed an\nexclusive license agreement with the Seiyoken Group of Toyko to\nopen Circle Galleries in Japan.\n    The first Circle Gallery is to open in Tokyo in ealry 1988,\nwith additional Circle Galleries planned, the company said.\n    The license agreement is Circle Fine Art's second expansion\noutside the U.S. this year. Earlier this year, it formed a\njoint venture company in Canada.\n Reuter\n\u0003","date":"19-OCT-1987 11:39:42.22","places":["usa","japan","canada"]},"21307":{"title":"BARRIS IND. SAYS IT LEADS GROUP WITH 9.8 PCT OF MEDIA GENERAL, MAY SEEK CONTROL\n","date":"19-OCT-1987 11:39:12.99","topics":["acq"]},"21308":{"title":"NEIMAN-MARCUS GROUP INC <NMG> 2ND QTR AUG 2 LOSS","body":"Shr not given\n    Net loss 69.0 mln vs profit 3,682,000\n    Revs 258.3 mln vs 229.6 mln\n    Six mths\n    Shr loss 58.8 mln vs profit 13.3 mln\n    Revs 517.9 mln vs 466.5 mln\n    NOTE: Company recently spun off from Carter Hawley Hale\nStores Inc <CHH>. Current year net both periods includes 40.8\nmln dlrs in pretax charges from Carter Hawley Hale\nrestructuring.\n Reuter\n\u0003","date":"19-OCT-1987 11:38:19.76","topics":["earn"],"places":["usa"]},"21309":{"title":"SEA GOLD OIL ANNOUNCES PRIVATE PLACEMENT","body":"<Sea Gold Oil Corp> \nsaid it has agreed to a private-placement financing of 400,000\ncommon shares of its unissued capital stock with Gulf\nInternational Minerals Ltd <GIM.V> at 50 cts per share to raise\n200,000 dlrs Canadian.\n    The company said one of the conditions of the placement was\nthe granting of a first right of refusal to Gulf in the event\nthat the company should choose to enter into a joint-venture\nagreement on any of its mineral claims currently held in the\nSkyline area.\n   \n    If Gulf should sell any of the 400,000 shares, the first\nright of refusal will be null and void, the company said.\n    Proceeds will be used for the continued exploration and\ndevelopment of the Sea Gold's mining properties.\n Reuter\n\u0003","date":"19-OCT-1987 11:38:09.10","places":["canada"]},"21310":{"title":"KEYCORP 3RD QTR SHR 85 CTS VS 77 CTS\n","date":"19-OCT-1987 11:37:28.62"},"21311":{"title":"TEMPLE-INLAND INC 3RD QTR SHR 1.24 DLRS VS 66 CTS\n","date":"19-OCT-1987 11:36:59.93"},"21312":{"title":"ALLIED-SIGNAL INC 3RD QTR OPER SHR 1.02 DLRS VS 82 CTS\n","date":"19-OCT-1987 11:36:57.76"},"21313":{"title":"IGENE BIOTECHNOLOGY <IGNE.O> ENDS LICENSE PACT","body":"Igene Biotechnology Inc said it\nterminated its license agreement with Hercules Inc <HPC> for\nthe manufacture of Igene's natural food preservative and mold\ninhibitor.\n    It said the cancellation agreed to by both companies.\n    Igene said its Weyco-Serv product was licensed to Hercules\nin September 1985.\n    Under the terms of the agreement, Igene regains all rights,\ntitle and interest in its proprietary microorganisms, process\nand product and will repay out of future products sales certain\nroyalties.\n   \n    The cancellation of the contract allows Igene to proceed\nwith plans to produce NaturServ, a modified version of\nWeyco-Serv, the company said. The new product is expected to be\navailable early next year, Igene said.\n    The company also said it plans to build a new multiproduct\nfermentation plant to meet anticipated demand for NaturServ and\nother company natural products.\n    Both Weyco-Serv and NaturServ contain high concentrations\nof acid salts that naturally inhibit spoilage and molding, the\ncompany said.\n Reuter\n\u0003","date":"19-OCT-1987 11:36:02.36","places":["usa"]},"21314":{"title":"ARIZONA SILVER <ASC> REPORTS ON BURRO CREEK","body":"Arizona Silver Corp\nsaid diamond drilling on its Burro Creek Mine Property, located\n65 miles southeast of Kingman, Ariz., has begun.\n    The company said a report indicated that the Burro Creek\nproject area which covers 800 acres, could have potential\nreserves of three to four mln tons of gold and silver\nmineralization.\n    Drill sites have been established and a diamond drilling\nprogram consisting of an initial 5,000 feet of drilling began\nOctober 13, the company said.\n Reuter\n\u0003","date":"19-OCT-1987 11:34:39.10","topics":["silver","gold"],"places":["usa"]},"21315":{"title":"DELUXE CHECK PRINTERS INC <DLX> 3RD QTR NET","body":"Shr 50 cts vs 35 cts\n    Net 42.7 mln vs 29.9 mln\n    Revs 236.5 mln vs 218.2 mln\n    Nine mths\n    Shr 1.24 dlrs vs 1.02 dlrs\n    Net 105.8 mln vs 86.9 mln\n    Revs 702.5 mln vs 642.5 mln\n    NOTE: 1987 nine-month earnings include nonrecurring gain of\nnine cents a share from sale of the company's Data Card\ninvestment.\n Reuter\n\u0003","date":"19-OCT-1987 11:33:59.19","topics":["earn"],"places":["usa"]},"21316":{"title":"MARTIN MARIETTA CORP 3RD QTR SHR 1.02 DLRS VS 96 CTS\n","date":"19-OCT-1987 11:33:52.03"},"21317":{"title":"HOUSEHOLD MORTGAGE GETS U.S. PAPER PROGRAM","body":"<Household Mortgage Corp> said it has\narranged a 200 mln dlr commercial paper program in the U.S.,\nFor which Goldman Sachs and Co will be the sole dealer.\n    The program will be backed by a letter of credit from\nAustralia and New Zealand Banking Corp.\n    The program also is supported by a multiple option facility\narranged in the Euromarkets in August.\n REUTER\n\u0003","date":"19-OCT-1987 11:33:10.95","places":["uk","usa"]},"21318":{"title":"TRANSAMERICA <TA> UNIT BUYS REINSURANCE UNIT","body":"Transamerica Insurance Group, the\nmain property-liability insurance operation of Transamerica\nCorp, said it signed a definitive agreement to acquire a\nnewly-formed insurer, Commerical Risk Underwriters Insurance\nCo, from <Clarendon Group Ltd>.\n    Transamerica said the unit, which will be renamed\nTransamerica Reinsurance Co, will initially be capitalized at\nabout 185 mln dlrs.\n    Transamerica said the acquisition represents its first move\ninto specialty treaty reinsurance.\n    The company said about 28 members of Clarendon will join\nTransamerica as part of the acquisition, which is expected to\nclose in November and is subject to various regulatory\napprovals.\n Reuter\n\u0003","date":"19-OCT-1987 11:31:48.49","topics":["acq"],"places":["usa"]},"21319":{"title":"INDUSTRIAL EQUITY HAS 5.4 PCT OF TRITON <OIL>","body":"A group of firms led by Hong\nKong-based Industrial Equity (Pacific) Ltd, said it acquired\n969,515 shares of Triton Oil Corp common stock, or 5.4 pct of\nthe company's common stock outstanding.\n    Industrial Equity (Pacific), which is controlled by\nBrierley Investments Ltd <BRYW.WE> and which has applied with\nU.S. antitrust regulators to buy up to 50 pct of Triton's\ncommon stock, said the current 5.4 pct stake was acquired for\ninvestment purposes.\n    The company said it informed Triton of its present \"good\nfaith intention\" to buy more than 15 mln dlrs worth of Triton\nstock.\n    It said it also told Triton it \"may depending on market\nconditions acquire 50 pct or more and possibly 100 pct of the\nvoting securities of (Triton).\"\n    It said it received clearance to buy up to 50 pct of the\nstock on September 11.\n    Industrial Equity (Pacific) reported it bought 250,000\nshares of Triton common stock on October 8 at 22.50 dlrs a\nshare.\n Reuter\n\u0003","date":"19-OCT-1987 11:30:57.50","topics":["acq"],"places":["usa"]},"21320":{"title":"SEC CHIEF DOES NOT RECOMMEND STOCK TRADING HALT NOW, BUT MAY CONSIDER URGING ONE\n","date":"19-OCT-1987 11:28:16.09"},"21321":{"title":"UK SUGAR FACTORY CLOSES DUE TO SHORTAGE OF BEET","body":"British Sugar Plc was forced to shut its\nIpswich sugar factory on Sunday afternoon due to an acute\nshortage of beet supplies, a spokesman said, responding to a\nReuter inquiry\n    Beet supplies have dried up at Ipswich due to a combination\nof very wet weather, which has prevented most farmers in the\nfactory's catchment area from harvesting, and last week's\nhurricane which blocked roads.\n    The Ipswich factory will remain closed until roads are\ncleared and supplies of beet build up again.\n    This is the first time in many years that a factory has\nbeen closed in mid-campaign, the spokesman added.\n    Other factories are continuing to process beet normally,\nbut harvesting remains very difficult in most areas.\n    Ipswich is one of 13 sugar factories operated by British\nSugar. It processes in excess of 500,000 tonnes of beet a year\nout of an annual beet crop of around eight mln tonnes.\n    Despite the closure of Ipswich and the severe harvesting\nproblems in other factory areas, British Sugar is maintaining\nits estimate of sugar production this campaign at around 1.2\nmln tonnes, white value, against 1.34 mln last year, the\nspokesman said.\n    British Sugar processes all sugar beet grown in the U.K.\n    The sugar beet processing campaign, which began last month,\nis expected to run until the end of January. Sugar factories\nnormally work 24 hours a day, seven days a week during the\ncampaign.\n    As of October 11, 12 pct of the U.K. Sugar crop had been\nharvested, little different to the same stage last year when 13\npct had been lifted. Since then, however, very wet weather has\nseverely restricted beet lifting.\n    Harvesting figures for the week to October 18 are not yet\navailable.\n Reuter\n\u0003","date":"19-OCT-1987 11:26:43.58","topics":["sugar"],"places":["uk"]},"21322":{"title":"HOME SAVINGS BANK OF BROOKLYN <HMSB.O> 3RD QTR","body":"Shr 57 cts vs not given\n    Net 6,889,000 vs 10.7 mln\n    Nine mths\n    Shr 1.67 dlrs vs not given\n    Net 20.1 mln vs 23.0 mln\n    NOTE: Company went public in November 1986.\n    1986 net both periods includes 5,642,000 dlr pretax gain on\nsale of branches.\n    Net includes securities and loan sales loss 90,000 dlrs\npretax vs gain 46,000 dlrs in quarter and gains 1,213,000 dlrs\nvs 2,605,000 dlrs in nine mths and loan losxs provisions\n125,000 dlrs vs 30,000 dlrs in quarter and 275,000 dlrs vs\n90,000 dlrs in nine mths.\n Reuter\n\u0003","date":"19-OCT-1987 11:25:47.35","topics":["earn"],"places":["usa"]},"21323":{"title":" Stoltenberg says he assumes monetary cooperation will continue\n","date":"19-OCT-1987 11:24:57.62","topics":["money-fx"]},"21324":{"title":"MCI COMMUNICATIONS CORP <MCIC.O> 3RD QTR NET","body":"Shr eight cts vs six cts\n    Net 22 mln vs 18 mln\n    Revs 994 mln vs 910 mln\n    Nine mths\n    Shr 19 cts vs 20 cts\n    Net 55 mln vs 54 mln\n    Revs 2.9 billion vs 2.7 billion\n    NOTE: 1987 3rd qtr and nine mths include pre-tax gains of\nfrom antitrust settlement of 2,000,000 dlrs and 6,000,000 dlrs\nrespectively.\n    3rd qtr 1986 includes pre-tax gain of 65 mln dlrs from sale\nof MCI Airsignal subsidiary, and after-tax extraordinary loss\nof 17 mln dlrs from early redemption of 9-1/2 pct subordinated\nnotes.\n Reuter\n\u0003","date":"19-OCT-1987 11:24:49.78","topics":["earn"],"places":["usa"]},"21325":{"title":"STERLING DRUG INC <STY> 3RD QTR NET","body":"Shr 1.03 dlrs vs 88 cts\n    Net 59.5 mln vs 51.9 mln\n    Revs 641.7 mln vs 557.8 mln\n    Avg shrs 57.4 mln vs 59.0 mln\n    Nine mths\n    Shr 2.51 dlrs vs 2.14 dlrs\n    Net 145.2 mln vs 126.4 mln\n    Revs 1.71 billion vs 1.47 billion\n    Avg shrs 57.8 mln vs 59.0 mln\n   \n    NOTE: 1986 figures restated to reflected change in\naccounting methods related to pension expenses.\n Reuter\n\u0003","date":"19-OCT-1987 11:23:13.94","topics":["earn"],"places":["usa"]},"21326":{"title":"CAE <CAE.TO> UNIT WINS LUFTHANSA CONTRACT","body":"CAE Electronics Inc, wholly-owned by\nCae Industries Ltd, said it received a contract worth nine mln\nCanadian dlrs to design and manufacture an A-320 aircraft\nflight simulator for Lufthansa German Airlines.\n    It said the simulator is scheduled for delivery in late\n1989.         \n Reuter\n\u0003","date":"19-OCT-1987 11:20:48.61","places":["canada"]},"21327":{"title":"PHELPS DODGE <PD> NET RISES ON COPPER STRENGTH","body":"Phelps Dodge Corp said net earnings\nnearly tripled in the third quarter on sharply higher copper\nprices, increased sales and strong earnings from a new\nchemicals business.\n    The company also recorded a gain of 21.3 mln dlrs or 57\ncents a diluted share from a tax loss carryforward and gain on\nearly debt retirement.\n    Copper prices averaged 78 cents a pound on the New York\nCommodity Exchange, up from 59 cents in the year-ago quarter.\n    Net earnings rose to 58.2 mln dlrs or 1.77 dlrs a share\nfrom 19.4 mln dlrs or 60 cents a share.\n    Copper sales rose 10 pct to 112,900 tons in the quarter and\noperating earnings from primary metals, mostly copper, grew to\n54.2 mln dlrs from 11.1 mln dlrs, the company said.\n    Manufacturing and specialty chemicals had operating\nearnings of 17.9 mln dlrs, including Columbian Chemicals,\nacquired at the end of 1986. In the 1986 quarter, the group's\noperating earnings were 5.2 mln dlrs.\n    Total sales in the quarter more than doubled to 377.4 mln\ndlrs from 188 mln dlrs.\n    Nine month net rose 98 pct to 100.3 mln dlrs or 2.80 a\ndiluted share as sales grew 72.8 pct to 1.11 billion dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 11:20:24.50","places":["usa"]},"21328":{"title":"JOHNSON AND JOHNSON <JNJ> SETS QTLY DIVIDEND","body":"Qtly div 42 cts vs 42 cts prior\n    Pay December 10\n    Record November 20\n Reuter\n\u0003","date":"19-OCT-1987 11:19:58.50","places":["usa"]},"21329":{"title":"NEIMAN-MARCUS GROUP 2ND QTR NET LOSS 69.0 MLN VS PROFIT 3,682,000\n","date":"19-OCT-1987 11:19:53.44"},"21330":{"title":"FPL GROUP INC <FPL> 3RD QTR NET","body":"Shr 1.16 dlrs vs 1.19 dlrs\n    Net 151.4 mln vs 152.4 mln\n    Revs 1.31 billion vs 1.17 billion\n    Avg shrs 130.0 mln vs 127.6 mln\n    12 mths\n    Shr 3.03 dlrs vs 2.85 dlrs\n    Net 392.7 mln vs 353.0 mln\n    Revs 4.32 billion vs 4.14 billion\n    Avg shrs 129.8 mln vs 123.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 11:19:49.05","topics":["earn"],"places":["usa"]},"21331":{"title":" French 13-week T-Bill rate rises to 8.54 pct from 7.65 -- Bank of France\n","date":"19-OCT-1987 11:19:05.04","topics":["interest"]},"21332":{"title":"WANG LABS <WAN> BETTER NET ON INCREASED REVENUES","body":"Wang Laboratories Inc expects revenues for\nthe year ending June 30, 1988, to increase 12 to 15 pct over\nfiscal 1987 to 3.2 billion dlrs, President Frederick Wang said.\n    He told a news conference after-tax profit for the year\nshould increase by three to five pct.\n    Earlier Wang said first quarter revenues increased 16 to\n693 mln dlrs and profits totaled 22.5 mln dlrs, or 14 cts a\nshare, vs a loss of 30 mln dlrs, or 19 cts a share, in the\nSeptember quarter last year.\n   \n    Wang told the news conference the company's orders were\nparticularly strong for the high end of its line of VS\nminicomputers.\n    \"For the past six months the high end really surged\" while\nthe company's entry level computers dipped slightly, senior\nvice president of U.S. operations Ian Diery said.\n    For the past six months, earnings for both large and entry\nlevel systems in the U.S. increased by 20 pct, he said..\n    Wang said the company has seen an overall resurgance in its\nbusiness in the U.S. He said the company's business in Europe\n\"remains fairly firm.\"\n Reuter\n\u0003","date":"19-OCT-1987 11:18:18.39","places":["usa"]},"21333":{"title":"MULTIFOODS <IMC> FILES SUIT AGAINST BREGMAN","body":"International Multifoods Corp\nsaid it filed a suit charging Bregman Partners and its\naffiliates unlawfully planned to acquire control of the\ncompany.\n    In a suit filed in U.S. District Court, International\nMultifoods said Bregman Partners and its affiliates, who\nreportedly hold 7.4 pct of the company's shares, tried to\ninduce Multifood's management to join them in an effort to take\nthe company private and give controlling interest to Bregman\nPartners. Bregman Partners include the interests of the\nBelzberg families of Canada.\n    The complaint also discloses that on each occasion,\nMultifoods management rejected the group's overtures.\n    Multifoods is asking Bregman's group to divest its shares\nin open market sales in a manner not to further disrupt the\nmarket place, according to the suit. The suit seeks\ncompensatory and punitive damages in an amount to be\ndetermined.\n    In addition, Multifoods is seeking to stop Bregman Partners\nfrom acquiring any more stock, or voting the shares it\nreportedly owns, the suit said.\n    According to Multifoods, the actions proposed by Bregman\nPartners would prevent shareholders from realizing the full\nbenefits of the company's restructuring.\n    In the past three years, Multifoods has substantially\naltered its domestic business mix by divesting its U.S.\nconsumere foods operations and emphasizing growth in selected\nsegments of the U.S. foodservice industry.\n Reuter\n\u0003","date":"19-OCT-1987 11:17:31.46","topics":["acq"],"places":["usa"]},"21334":{"title":"STERLING DRUG INC 3RD QTR SHR 1.03 DLRS VS 88 CTS\n","date":"19-OCT-1987 11:16:33.44"},"21335":{"title":"SALOMON NOT PULLING OUT OF EUROYEN BONDS","body":"<Salomon Brothers Inc> is not withdrawing\nas a market maker in euroyen bonds, contrary to strong market\nrumours circulating in London, a London-based spokeswoman for\nthe company's New York headquarters said.\n    Earlier, a spokesman for Salomon Brothers' London\noperations declined to comment at all on rumours that have been\ncirculating here.\n    Euroyen bond traders had said they were informally\ncontacted by their counterparts at Salomon and told that they\nwould no longer be market makers in those securities.\n    The traders said that Salomon had not notified the\nAssociation of International Bond Dealers (AIBD) of its plans\nto withdraw as a market maker. Under new rules recently adopted\nby the AIBD, notification would be required if the firm decided\nit no longer wished to make two-way prices at all times in\neuroyen bonds.\n    According to dealers at several Japanese banks, Salomon's\neuroyen bond traders have been in a meeting and unavailable to\nmake prices. Market sources said that Salomon had offered the\ntraders a chance to remain with the firm if they were willing\nto trade eurobonds denominated in other currencies.\n    Dealers noted that at one point this year, euroyen bond\nissuance had actually outpaced that of eurodollar denominated\nbonds, the first time the U.S. Unit has been eclipsed as the\ncurrency of choice for international borrowers.\n    Dealers said that given the dollar's recent weakness, the\nyen could once again top the eurobond issuance tables.\n    Last week, Salomon Brothers announced it would trim its\nworldwide staff by 800 and withdraw from several areas of\nbusiness, most specifically short term bank lending.\n REUTER\n\u0003","date":"19-OCT-1987 11:16:16.76","places":["uk"]},"21336":{"title":"AT AND T <T> 3RD QTR NET","body":"Shr 47 cts vs 48 cts\n    Net 505.0 mln vs 533.0 mln\n    Revs 8.47 billion vs 8.43 billion\n    Nine mths.\n    Shr 1.42 dlrs vs 1.16 dlrs\n    Net 1.55 billion vs 1.31 billlion\n    Revs 25.0 billion vs 25.56 billion\n    NOTE: Full name is American Telephone and Telegraph Co.\n    NOTE: Prior quarter and nine mth net reduced by 25 mln\ndlrs, or two cts per share, for estimated costs to reduce\nworkforce and consolidate various facilities. Prior qtr and\nnine mths include pretax gain of 73 mln dlrs from damages paid\nby Republic of Iran and pretax gain of 40 mln dlrs from change\nin company's ownership in ING C. Olivetti SpA. After tax these\ngains added 68 mln dlrs, or six cts per shr, to net income.\n    Prior qtr and nine mth results were previously restated to\nreflect a change in depreciation methods that reduced net\nincome by 175 mln dlrs, or 16 cts per share.\n Reuter\n\u0003","date":"19-OCT-1987 11:14:59.34","topics":["earn"],"places":["usa"]},"21337":{"title":"GORDON JEWELRY CORP <GOR> 4TH QTR AUG 31 LOSS","body":"Shr loss 13 cts vs loss 20 cts\n    Net loss 1,343,266 vs loss 2,086,086\n    Revs 82.3 mln vs 80.3 mln\n    Year\n    Shr loss 1.83 dlrs vs profit 1.24 dlrs\n    Net loss 19.2 mln vs profit 13.4 mln\n    Revs 388.1 mln vs 370.3 mln\n    NOTE: 1987 year includes charge 15.0 mln dlrs pre-tax for\ninventory valuation allowance.\n    1987 year also includes charge 12.8 mln dlrs from\ndiscontinued operations.\n Reuter\n\u0003","date":"19-OCT-1987 11:13:23.84","topics":["earn"],"places":["usa"]},"21338":{"title":"GM CANADA TO MAKE CONTRACT OFFER TO UNION","body":"The Canadian division of General Motors\nCorp will make its first economic offer later Monday in \ncontract negotiations with 40,000 members of the Canadian Auto\nWorkers, the union said.\n    The union is seeking the same contract pattern it has\nreached at the Canadian units of Ford Motor Co and Chrysler\nCorp including partial pension indexation and wage increases in\neach year of a three-year pact.\n    The union hareatened to strike at 10 a.m. EDT on\nThursday unless General Motors of Canada Ltd meets the pattern\nand settles a host of local issues at 11 plants in Quebec and\nOntario.\n Reuter\n\u0003","date":"19-OCT-1987 11:12:09.72","places":["canada"]},"21339":{"title":"WEST GERMANY STILL COMMITTED TO LOUVRE ACCORD","body":"West German government sources said Bonn\nremained committed to the Louvre Accord to stabilise\ncurrencies, which was struck by leading western democracies in\nParis last February.\n    Over the weekend, U.S. Treasury Secretary James Baker\ncriticised recent rises in West German short-term interest\nrates and said such developments were not in the spirit of the\nLouvre pact. He said the agreement may have to be re-examined.\n    The sources said the West German interest rate rises had to\nbe seen in the context of interest rate developments worldwide.\n Reuter\n\u0003","date":"19-OCT-1987 11:11:56.07","topics":["money-fx"],"places":["west-germany"]},"21340":{"title":"U.S. CORPORATE FINANCE - COMPANIES ON SIDELINES","body":"The recent sharp rise in U.S. interest\nrates sparked turmoil in the fixed-income markets, but\nunderwriters said they doubt company treasurers will rush to\nborrow before rates increase further.\n    \"Corporate treasurers will continue to issue new debt when\nthey believe they are borrowing at an attractive rate,\" said an\nunderwriter with a major Wall Street house.\n    Said another, \"We will not see a flood of new offerings.\nTreasurers are reassessing the market. We will not see new\nissuance dry up either.\"\n    Still, the pace of corporate borrowing in the public\nfinance market has slowed, according to a Reuter tabulation.\n    Last week, which was shortened by the Columbus Day holiday,\nsaw issuance of 1.3 billion dlrs of new debt. That was down\nfrom the prior week's tally of slightly more than two billion\ndlrs of new debt.\n    In contrast, a year ago it was not unusual to see those\namounts of new offerings in a single day as companies took\nadvantage of the then decline in interest rates to refinance\nold, higher-cost debt or to expand operations via financings at\nlow, attractive rates, underwriters noted.\n    \"Companies will conduct financings that they believe are\nessential,\" said an underwriter with a medium-sized Wall Street\nfirm. \"But we will not see much more than that until the market\nstabilizes.\"\n    In the meantime, treasurers will probably prefer shorter\nterm issues, analysts said. For instance, of last week's nine\nissues, only one had a maturity of more than 10 years.\n    The other offerings had maturities of two to seven years,\nwith most clustered in the two to three year area, according to\na Reuter tabulation. That is because single-digit interest\nrates were had last week only among two-year securities.\n    \"If people think that interest rates will continue to head\nhigher, then we could see treasurers rushing to market,\" said a\ntrader with a medium-sized securities house.\n    \"But if people think last week's sharp interest rate rise\nis a fluke, treasurers will sit back and wait for rates to\ndecline before issuing new debt, hoping of course that they are\nnot missing the boat by doing so,\" she added.\n    Another impediment to new issuance is the lukewarm\nreception to new issues by institutional and retail investors\nin recent weeks, traders pointed out. Many investors refrained\nfrom buying because they believed rate would rise further.\n    \"We saw a lot of buying interest last week, but people are\nnot yet willing to pull the trigger,\" a broker said. \"They\nwould rather wait and see if the recent rate increase can be\nsustained.\"\n    Conflicting forecasts on the likely direction of interest\nrates did not help, analysts said. For instance, Henry Kaufman,\nchief economist with Salomon Brothers Inc, said in his weekly\n\"Comments on Credit\" that the yields of U.S. Treasury bonds\nwould probably rise further because the marketplace expects\ninflation to rise and the dollar to continue to decline.\n    In contrast, Standard and Poor's Corp said on Friday that\nprices of debt securities in the fixed-income markets would\nrecover. The rating agency said neither the economy nor the\ndollar justify current high yields.\n    Meanwhile, the Chicago Board of Trade is slated to hold a\npress briefing on Tuesday in New York about its plans to list a\nfutures contract based on a corporate bond index.\n    That follows last week's announcement by Commodity Exchange\nInc, Comex, that it plans to list on October 29 a new futures\ncontract based on the investment-grade corporate bond index of\nMoody's Investors Service Inc.\n Reuter\n\u0003","date":"19-OCT-1987 11:11:12.80","places":["usa"]},"21341":{"title":"GM <GM> CANADA TO MAKE CONTRACT OFFER TO UNION","body":"The Canadian division of General Motors\nCorp will make its first economic offer later today in \ncontract negotiations with 40,000 members of the Canadian Auto\nWorkers, the union said.\n    The union is seeking the same contract pattern it has\nreached at the Canadian units of Ford Motor Co <F> and Chrysler\nCorp <C>, including partial pension indexation and wage\nincreases in each year of a three-year pact. The union has said\nit will strike on 1000 EDT/1400 GMT on Thursday unless General\nMotors of Canada Ltd meets the pattern and settles local issues\nat 11 plants in Quebec and Ontario.\n Reuter\n\u0003","date":"19-OCT-1987 11:10:22.22","places":["canada"]},"21342":{"title":"FDIC'S SEIDMAN SAYS HIGHER RATES COULD HARM BANKS","body":"Federal Deposit Insurance Corp Chairman\nWilliam Seidman said he would be concerned about the impact on\nbanks of a further sharp rise in interest rates.\n    However, Seidman, attending the American Bankers\nAssociation convention, said he did not expect rates to rise\nmuch higher and said the outlook for the U.S. economy and for\nbanking was sound.\n    \"The potential for greater interest rate rises gives us\nconcern. We see nothing right now in the outlook that causes us\nto believe rates are going much higher or that the economy is\nnot sound,\" Seidman told a news conference.\n Reuter\n\u0003","date":"19-OCT-1987 11:09:59.74","topics":["interest"],"places":["usa"]},"21343":{"title":"FED SEEN ADDING RESERVES VIA SYSTEM REPOS","body":"The Federal Reserve is expected to enter\nthe government securities market to supply reserves to the\nbanking system via system repurchase agreements, economists\nsaid.\n    Most economists said the Fed would execute three-day system\nrepurchases to meet a substantial need to add reserves in the\ncurrent maintenance period, although some said a more\naggressive add via overnight system repos was possible.\n    Federal funds opened at 7-5/8 pct and remained at that\nlevel late this morning, compared with an average effective\nrate of 7.55 pct Friday.\n Reuter\n\u0003","date":"19-OCT-1987 11:09:28.53","topics":["money-fx"]},"21344":{"title":"MCI COMMUNICATIONS CORP 3RD QTR PER SHR EIGHT CTS VS SIX CTS\n","date":"19-OCT-1987 11:07:51.01"},"21345":{"title":"INLAND <IAD> PLANS TO PROCEED WITH PLANT","body":"Inland Steel Co said it and the USS\nDivision of USX Corp <X> are continuing to pursue plans for\nconstruction of a state-of-the-art line for continuous\nprepainting of steel coils.\n    It said the proposed line will primarily serve the\nappliance market.\n    It said a location for the new plant has yet to be\nselected.\n Reuter\n\u0003","date":"19-OCT-1987 11:06:52.09","places":["usa"]},"21346":{"title":"STANDARD PRODUCTS CO <SPD> 1ST QTR SEPT 30 NET","body":"Shr 40 cts vs 54 cts\n    Net 4,442,000 vs 6,375,000\n    Sales 102.8 mln vs 102.5 mln\n    Avg shrs 11.1 mln vs 11.6 mln\n    NOTE: Share adjusted for August 1987 five-for-four split.\n Reuter\n\u0003","date":"19-OCT-1987 11:06:38.17","topics":["earn"],"places":["usa"]},"21347":{"title":"FINANCIAL CORP <FIN> LOAN SALES DOWN IN QTR","body":"Financial Corp of America, in\nreporting a third quarter loss, said gains on the sale of loans\nand mortgage-backed securities, which has been the company's\nmain source of profit during the past two years, fell to 12.4\nmln dlrs as compared to a 93.4 mln in the third quarter last\nyear.\n    It said the income was reduced by adverse interest rate\nfluctuations during the quarter.\n    The company also said it made an additional provision of\n70.4 mln dlrs to its reserve for losses on loans and real\nestate, compared with 76.2 mln dlrs a year ago.\n    Financial Corp said its reserve totaled 1.00 billion dlrs\nat September 30, 1987, compared with a total of 580.4 mln at\nthe same time a year ago.\n    Financial Corp, the nation's largest thrift, reported a\nthird quarter loss of 75.8 mln dlrs, or 2.20 dlrs per share,\ncompared with an 11.6 mln dlr profit last year.\n    At the end of the quarter scheduled items, or non- or\nunder-performing assets, were 1.34 billion dlrs, or 4.01 pct of\ntotal regulatory assets, down from 1.77 billion, or 5.20 pct of\nassets at the end of the 1986 third quarter, the company said.\n    In reporting third quarter results the company also said\nits highest priority is to raise capital and strengthen its\nfinancial base.\n    \"We are responsible to our shareholders and therefore are\nexploring several alternatives for achieving value while\nraising capital.\n    \"Any proposal to acquire or restructure the company will be\nviewed by management from this perspective,\" Financial Corp\nchairman William Popejoy said in a statement.\n    Last month Financial Corp executives and Federal Home Loan\nBank Board members met to discuss a restructuring of FCA, with\nhelp from the Federal Savings and Loan Insurance Corp, as a\npossible solution to the company's financial difficulties.\n    In addition, Ford Motor Co's <F> First Nationwide Financial\nCorp, has acknowledged that it is interested in acquiring the\ncompany.\n    Financial Corp has said it needs about one billion dlrs to\nbring its regulatory net worth up to Federal Government\nrequirements.\n    In  addition, Financial Corp said its real estate group\nsold properties totaling 154.8 mln dlrs in book value before\nreserves during the quarter and 435.5 mln dlrs of real estate\nfor the nine months to September 30.\n    The company also said it had a net deposit decrease of\n415.4 mln dlrs during the quarter, resulting mainly from\ninstitutional deposits reacting to the company's pricing\nstrategy and to its efforts to manage the cost of funds.\n Reuter\n\u0003","date":"19-OCT-1987 11:05:20.61","places":["usa"]},"21348":{"title":"RORER <ROR> UNIT CLOTTING DRUG APPROVED","body":"Rorer Group Inc's Armour\nPharmaceutical Co said it received Food and Drug Administration\napproval for a blood clotting drug for hemophiliacs.\n    The company said the drug, monoclate antihemophilic factor,\nwill treat hemophilia A, the most common form of hereditary\nblood clotting disorder.\n    Monoclate is 99 pct free of unwanted contaminants, compared\nto other blood products which are less than one pct pure,\nArmour said.\n Reuter\n\u0003","date":"19-OCT-1987 11:04:10.38","places":["usa"]},"21349":{"title":"AMERICAN TELEPHONE AND TELEGRAPH CO 3RD QTR SHR 47 CTS VS 48 CTS\n","date":"19-OCT-1987 11:02:58.81"},"21350":{"title":"BANKEAST CORP <BENH.O> 3RD QTR NET","body":"Shr 17 cts vs 37 cts\n    Net 1,783,000 vs 4,028,000\n    Nine mths\n    Shr 52 cts vs 1.03 dlrs\n    Net 5,587,000 vs 11.1 mln\n Reuter\n\u0003","date":"19-OCT-1987 11:02:54.96","topics":["earn"],"places":["usa"]},"21351":{"title":"LONDON'S FTSE 100 SHARE INDEX DROPS RECORD 301.5 POINTS TO 2000.4 at 1457 GMT\n","date":"19-OCT-1987 11:02:16.77"},"21352":{"title":"DALLAS CORP <DLS> 3RD QTR NET","body":"Shr 30 cts vs 12 cts\n    Net 2,191,000 vs 852,000\n    Sales 106.6 mln vs 102.9 mln\n    Nine mths\n    Shr 44 cts vs 40 cts\n    Net 3,236,000 vs 2,919,000\n    Sales 297.9 mln vs 297.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 11:02:01.99","topics":["earn"],"places":["usa"]},"21353":{"title":"SALOMON BROS SAYS IT IS NOT WITHDRAWING FROM EUROYEN BOND MARKET\n","date":"19-OCT-1987 11:01:33.48"},"21354":{"title":"ANCHOR GLASS CONTAINER CORP <ANC> 3RD QTR NET","body":"Shr 34 cts vs 62 cts\n    Net 4,717,000 vs 8,277,000\n    Revs 213.4 mln vs 158.7 mln\n    Nine mths\n    Oper shr 1.18 dlrs vs 1.54 dlrs\n    Oper net 16.2 mln vs 17.8 mln\n    Revs 517.2 mln vs 451.4 mln\n    Avg shrs 13.7 mln vs 11.6 mln\n    NOTE: 1986 nine mths net exclude204,000 dlr gain from\nreversion of pension assets. 1987 net both periods includes\npretax charge 692,000 dlrs from amortization of goodwill.\n Reuter\n\u0003","date":"19-OCT-1987 11:00:49.52","topics":["earn"],"places":["usa"]},"21355":{"title":"SALOMON BROS SAYS IT IS NOT RPT NOT WITHDRAWING FROM EUROYEN BOND MARKET\n","date":"19-OCT-1987 11:00:19.74"},"21356":{"title":"MIDDLE SOUTH UTILITIES INC <MSU> 3RD QTR NET","body":"Shr 90 cts vs 84 cts\n    Net 185.5 mln vs 171.5 mln\n    Revs 1.08 billion vs 1.07 billion\n    Nine mths\n    Shr 1.85 dlrs vs 1.90 dlrs\n    Net 378.9 mln vs 389.5 mln\n    Revs 2.67 billion vs 2.69 billion\n    12 mths\n    Shr 2.15 dlrs vs 1.87 dlrs\n    Net 440.7 mln vs 382.0 mln\n    Revs 3.47 billion vs 3.47 billion\n Reuter\n\u0003","date":"19-OCT-1987 10:59:38.40","topics":["earn"],"places":["usa"]},"21357":{"title":"INDUSTRIAL EQUITY TO MAKE PROPOSAL TO CALMAT<CZM>","body":"Industrial Equity (Pacific) Ltd, a\nHong Kong-based investment firm leading a group holding 19.1\npct of Calmat Co's common stock, said it intends to submit to\nCalmat a proposal for a possible business combination.\n    In a filing with the Securities and Exchange Commission,\nIndustrial Equity (Pacific) did not disclose details of the\nproposal, but said it would be delivered to Calmat in the near\nfuture.\n    Industrial Equity (Pacific) \"does not intend to remain a\npassive investor\" in Calmat, the firm told the SEC.\n    In its SEC filing, Industrial Equity (Pacific) said its\npresident of North American operations Ronald Langley met with\nCalmat officials on October 14 to discuss an acquisition of the\ncompany at a premium over the market price of Calmat stock.\n    Industrial Equity (Pacific) added it is considering\nlaunching a tender offer for Calmat stock or making a merger\nproposal to the company, but said it has not decided whether it\nwill pursue a Calmat acquisition on a non-negotiated basis.\n    Industrial Equity (Pacific), which currently holds 5.83 mln\nCalmat common shares, said it is also evaluating the company's\nrecently adopted shareholder rights plan and its potential\neffect on Calmat and on possible acquisition proposals made to\nthe company.\n    Between October 2 and 14, Industrial Equity (Pacific)\nbought 918,900 shares of Calmat common stock at 33 dlrs to\n37.55 dlrs a share, or a total of about 33.8 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 10:58:31.75","topics":["acq"],"places":["usa"]},"21358":{"title":"OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT","body":"Kaiser Steel Corp's plant in Napa,\nCalif, has been purchased by Oregon Steel Mills for 16 mln\ndlrs, the privately owned Portland company said.\n    The transaction was approved by the U.S. bankruptcy judge\nin Denver who is hearing Kaiser Steel's Chapter 11\nreorganization case.\n    James Mccaughey, former vice president of sales for Kaiser,\nhas been named general manager for the plant, which will be\ncalled Napa Pipe Corp, Oregon Steel said.\n Reuter\n\u0003","date":"19-OCT-1987 10:57:38.91","topics":["acq"],"places":["usa"]},"21359":{"title":"UNISYS CORP <UIS> 3RD QTR NET","body":"Shr primary 68 cts vs 34 cts\n    Shr diluted 65 cts vs 34 cts\n    Net 129.7 mln vs 52.9 mln\n    Revs 2.22 billlion vs 2.42 billion\n    Avg shrs primary 152.1 mln vs 147.1 mln\n    Avg shrs diluted 199.8 mln vs 147.1 mln\n    Nine mths\n    Shr primary 1.89 dlrs vs 1.00 dlrs\n    Shr diluted 1.84 dlrs vs 1.00 dlrs\n    Net 361.1 mln vs 145.1 mln\n   \n    Revs 6.91 billion vs 4.90 billion\n    Avg shrs primary 151.0 mln vs 146.4 mln\n    Avg shrs diluted 198.7 mln vs 146.4 mln\n    NOTE: Earnings per share for 1986 have been restated to\nreflect 3-for-1 split effective July 8, 1987.\n    Results for three and nine mths 1986 includes results from\nJuly 1, 1986, of Sperry Corp, acquired on Sept 16, 1986, with\nnet income reflecting ownership in Sperry of about 51 pct for\nthe months of July and August, and 100 pct for the month of\nSept 1986.\n   \n    Revenue for 1986 periods reflects reclassification of\nrevenue of divested Sperry operations to other income with no\neffect on net income.\n Reuter\n\u0003","date":"19-OCT-1987 10:57:04.52","topics":["earn"],"places":["usa"]},"21360":{"title":"WOBURN FIVE CENTS SAVINGS <WOBS.O> 1ST QTR NET","body":"Shr 24 cts vs 26 cts\n    Net 959,000 vs 1,033,000\n    Assets 273.6 mln vs 236.3 mln\n    Deposits 183.6 mln vs 173.9 mln\n    Loans 133.3 mln vs 104.9 mln\n    NOTE: Full name of company is Woburn Five Cents Savings\nBank.\n Reuter\n\u0003","date":"19-OCT-1987 10:55:34.73","topics":["earn"],"places":["usa"]},"21361":{"title":"GOTAAS-LARSEN SHIPPING CORP <GOTLF.O> IN PAYOUT","body":"Semi div 12 cts vs 12 cts prior\n    Pay Nov 10\n    Record Oct 27\n Reuter\n\u0003","date":"19-OCT-1987 10:55:28.00","places":["usa"]},"21362":{"title":"FIRST FEDERAL SAVINGS <FCHT.O> 1ST QTR NET","body":"Shr 59 cts\n    Qtly div eight cts vs eight cts prior\n    Net 1,675,000 vs 1,302,000\n    Assets 613.3 mln vs 603.5 mln\n    Deposits 523.7 mln vs 517.8 mln\n    Loans 469.2 mln vs 449.5 mln\n    NOTE: 1986 per share figures not available because bank\nconverted to stock ownership Dec 18, 1986. Dividend payable Dec\n11 to shareholders of record Nov 13. Full name of company is\nFirst Federal Savings and Loan Association of Chattanooga.\n Reuter\n\u0003","date":"19-OCT-1987 10:54:45.17","topics":["earn"],"places":["usa"]},"21363":{"title":"COASTAL <CGP> RAISES OIL POSTED PRICES","body":"Coastal Corp said that effective October\n16 it had raised posted prices for crude oil by 50 cts a\nbarrel.\n    The increase brings West Texas Intermediate to 9.00 dlrs a\nbarrel and West Texas Sour to 18.10 dlrs a barrel.\n    Sun Co <SUN> announced that it would make a 50 cts a barrel\nincrease late Friday bringing WTI to 19.00 dlrs a barrel and\ntraders said that other oil companies could be expected to\nincrease prices.\n Reuter\n\u0003","date":"19-OCT-1987 10:54:23.33","topics":["crude"],"places":["usa"]},"21364":{"title":"SALOMON BROTHERS INT'L PULLS OUT OF EUROYEN BOND MARKET - DEALERS\n","date":"19-OCT-1987 10:54:17.12"},"21365":{"title":"SALOMON BROTHERS INT'L PULLS OUT OF EUROYEN BOND MARKET - DEALERS\n","date":"19-OCT-1987 10:52:59.42"},"21366":{"title":"DOW JONES INDUSTRIAL AVERAGE FALLS 200 POINTS\n","date":"19-OCT-1987 10:52:47.28"},"21367":{"title":"STUDY SAYS PORK LEANER THAN USDA FIGURES SHOW","body":"An Iowa State University study showed\npork contains considerably less fat than indicated by\nlong-established U.S. Department of Agriculture statistics, the\nNational Pork Producers Council (NPPC) said.\n    Six of the seven muscle cuts evaluated in the study\naveraged 4.3 pct fat or less, well below American Heart\nAssociation guidelines for recommended foods. Eighty pct of all\nthe raw boneless rib chops evaluated in the study contained\nless than six pct fat, the NPPC said.\n    Meanwhile, USDA Handbook 8-10 - long used as the\nestablished authority on nutrient composition, indicates a fat\ncontent for center loin pork of 7.3 pct, the NPPC said.\n    Robin Kline, a dietitian and Director of Consumer Affairs\nfor the NPPC said he was not surprised at the wide discrepancy\nbetween the study and the USDA handbook.\n    \"Handbook 8-10 is based to a certain extent on information\nthat has been accumulated over the past 30 years. The\nstatistics in it about pork do not reflect the hog of today\nwhich is about 50 pct leaner than it was 20 or 30 years ago,\nthanks to genetic improvements and better feeding practices,\"\nKline said.\n    The study, funded by NPPC with producer checkoff money,\nevaluated pork carcasses from 47 Iowa producers in categories\nfrom 0.7 to 1.3 inches of backfat. Researchers measured the fat\ncontent of the seven muscles before cooking, and the fat,\nmoisture and tenderness of cooked boneless rib chops.\n Reuter\n\u0003","date":"19-OCT-1987 10:52:24.24","topics":["livestock","carcass","hog"],"places":["usa"]},"21368":{"title":"SOVIETS OUTLINE 1988 ECONOMIC TARGETS","body":"The Soviet Union outlined its economic\ntargets for 1988 on Monday, stressing the need to improve\nstandards in the country's sluggish engineering industry.\n    Planning chief Nikolai Talyzin told the Supreme Soviet\nindustrial output should rise by 4.5 pct in 1988, up from a\nplanned 4.4 pct in 1987. It rose 3.6 pct in Jan-Sept 1987.\n    Talyzin said national income, the nearest Soviet equivalent\nto gross national product, should rise by 4.3 pct against a\nplanned 4.1 pct this year. Gross national product measures the\noutput of a country's goods and services.\n    He said the Kremlin planned to produce 235 mln tonnes of\ngrain in 1988 versus a planned 232 mln this year. Moscow\nproduced 210 mln tonnes in 1986.\n    Kremlin leader Mikhail Gorbachev has described\nmachine-builing as a sector whose rapid modernization is\nessential if the Soviet Union is to compete effectively on\nworld markets.\n    \"Certain difficulties have arisen this year in the\nmachine-building industry. The economy is not receiving a\nconsiderable amount of the equipment that it requires,\" said\nTalyzin, who heads the state planning committee GOSPLAN.\n    Soviet data show the machine-building industry, which makes\nmachine tools, instruments and other engineering goods,\nincreased output by 3.3 pct in the first nine months of 1987\ncompared with the same period last year.\n    However, this was far below the 7.3 pct increase planned\nfor the industry for the whole of 1988.\n    Talyzin said the ruling Politburo had concluded at a recent\nmeeting that an improvement in economic performance depended to\na large extent on conserving resources better. \"Large-scale\nmeasures are planned to save resources,\" he said.\n    Finance Minister Boris Gostev told the Supreme Soviet that\ndefense spending in 1988 would total 32 billion dlrs, the same\nfigure as was announced last year.\n    Western governments view official Soviet estimates for\ndefense spending as highly understated, but say the real figure\nis hard to calculate because Soviet military industries are\nintertwined with the civilian economy.\n    Talyzin said the Kremlin also decided to increase spending\nnext year on medical services, education, pensions and social\ninsurance schemes.\n Reuter\n\u0003","date":"19-OCT-1987 10:50:46.56","topics":["ipi","gnp","grain"],"places":["ussr"]},"21369":{"title":"TASS DENOUNCES U.S. ATTACK ON IRAN AS ADVENTURISM","body":"The official Soviet news agency Tass\ndenounced a U.S. Attack on an Iranian oil-drilling platform in\nthe Gulf on Monday as military adventurism and said it would\nbring no dividends to the Reagan administration.\n    Tass commentator Mikhail Krutikhin said the administration\nhad embarked on an adventurist path in order to deflect\nattention from the scandal in which the United States sold arms\nto Iran and the profits were diverted to Nicaraguan rebels.\n    \"The confrontation is a fact now. What is obvious is that\nthe latest military adventure will not bring political\ndividends to the American administration,\" Krutikhin said.\n    Soviet leader Mikhail Gorbachev and Foreign Minister Eduard\nShevardnadze abruptly left a parliamentary session earlier on\nMonday, sparking diplomatic speculation that they were\nconcerned with an urgent matter of foreign affairs.\n    Soviet officials have previously criticized the United\nStates for sending naval forces into the Gulf, saying their\npresence serves to increase tension.\n    Moscow is officially neutral in the war between Iran and\nIraq. It is a major arms supplier to Iraq but has also sought\nbroader contacts with Iran in the last year.\n    Krutikhin said: \"The United States has undertaken an act of\narmed aggression against Iran, the probability of which has\nlong been spoken of by Washington officials.\"\n Reuter\n\u0003","date":"19-OCT-1987 10:50:27.55","topics":["crude"],"places":["usa","iran","ussr","iraq"]},"21370":{"title":"U.S. ENERGY SECRETARY IN MOROCCO AFTER GULF TOUR","body":"U.S. Energy Secretary John Herrington\narrived in Rabat on Monday after a tour of the Gulf and the\nMiddle East.\n    Herrington, who is scheduled to meet King Hassan during his\n24-hour official visit, said on arrival he would discuss\nregional and international issues with Moroccan leaders.\n    Morocco is the last stop of a tour that has taken\nHerrington to Iraq, Kuwait, Qatar, Bahrain, Saudi Arabia and\nEgypt.\n REUTER\n\u0003","date":"19-OCT-1987 10:49:52.59","places":["kuwait","saudi-arabia","egypt","morocco","iraq","qatar","bahrain"]},"21371":{"title":"WORLD TELECOMS WATCHDOG RELAXES CAR PHONE RULES","body":"The International Telecommunications\nUnion, which regulates communications worldwide, decided at the\nend of a five-week conference to allow mobile phone systems to\nbe linked with satellites, telecommunications officials said.\n    Until now, car phones have been linked with land stations\nand have been limited mainly to urban areas. The new ruling\nwill make it easier for calls to be made from remote regions.\n    The meeting, which finished over the weekend, also decided\nto allow a \"radio determination satellite system,\" which would\nenable fleet owners to trace to within about 15 metres the\nmovements of their lorries or cars or ships around the world.\n Reuter\n\u0003","date":"19-OCT-1987 10:48:27.92","topics":["ship"],"places":["switzerland"]},"21372":{"title":"INTERNATIONAL RESEARCH <IRDV.O> 3RD QTR PAYOUT","body":"Qtly div nine cts vs nine cts prior qtr\n    Pay Nov 25\n    Record Nov 13\n    Note: Full name is International Research and Development\nCorp\n Reuter\n\u0003","date":"19-OCT-1987 10:46:54.22","topics":["earn"],"places":["usa"]},"21373":{"title":"ROHM AND HAAS CO <ROH> 3RD QTR NET","body":"Shr 57 cts vs 54 cts\n    Net 39.3 mln vs 37.3 mln\n    Sales 540.9 mln vs 488.5 mln\n    Nine mths\n    Shr 2.30 dlrs vs 1.58 dlrs\n    Net 158.8 mln vs 108.7 mln\n    Sales 1.67 billion vs 1.60 billion\n Reuter\n\u0003","date":"19-OCT-1987 10:46:30.51","topics":["earn"],"places":["usa"]},"21374":{"title":"GEORGIA GULF <GGLF.O> TO TAKE REDEMPTION CHARGE","body":"Georgia Gulf Corp said on December One it\nplans to retire all 50 mln dlrs of its subordinated notes due\nthrough 1998, resulting in a charge of about 9,900,000 dlrs\nagainst fourth quarter results.\n    The company also said its common stock, which now traded on\nthe NASDAQ system, has been approved for New York Stock\nExchange listing, and NYSE trading is to start November Two.\n Reuter\n\u0003","date":"19-OCT-1987 10:46:04.79","places":["usa"]},"21375":{"title":"INDUSTRIAL EQUITY TELLS SEC IT WILL SEND CALMAT PROPOSAL FOR BUSINESS COMBINATION\n","date":"19-OCT-1987 10:44:53.04","topics":["acq"]},"21376":{"title":"IDC SERVICES <IDCS.O> HOLDERS OFFERED 16 DLRS","body":"IDC Services Inc said a new company will\nbegin a cash tender offer by October 26 to acquire all of IDC's\noutstanding common for 16 dlrs a share.\n    The company said the offer is being made under a definitive\nagreement reached with the new company, IDC Acquisition Corp,\nformed by Apollo Partners Ltd and investment clients of\n<Equitable Capital Management Inc>. The agreement calls for the\nacquisition of IDC for about 62.4 mln dlrs.\n    IDC Acquisition will also tender for all of IDC's\noutstanding nine pct convertible subordinated debentures.\n   \n    IDC said the merger agreement also provides for payment of\nan equivalent amount in respect of employee stock options to be\ncancelled in the merger.\n    As part of the transaction, the company said, it granted\nIDC Acquisition an option to acquire up to 20 pct of the\ncompany's outstanding shares for 16 dlrs per share.\n    It said the planned tender offer is subject to several\nconditions, including the tendering of over 50 pct of the\ncompany's outstanding stock.\n   \n    MIM Holdings Ltd <MIMA.S>, a substantial shareholder in\nIDC, has agreed it will not buy any additional IDC shares until\nFebruary seven and has granted IDC Acquisition a right of first\nrefusal on any IDC shares it sells during that period, the\ncompany said.\n    It said Apollo Partners was recently organized by three\nformer senior Viacom Inc <VIA> executives, Terrence A. Elkes,\nGeorge C. Catell and Kenneth F. Gorman.\n Reuter\n\u0003","date":"19-OCT-1987 10:44:48.48","topics":["acq"],"places":["usa"]},"21377":{"title":"INTERNATIONAL MULTIFOODS SAID IT FILED SUIT AGAINST BREGMAN PARTNERS\n","date":"19-OCT-1987 10:43:13.77"},"21378":{"title":"MONSANTO CO <MTC> 3RD QTR NET","body":"Shr 1.30 dlrs vs 1.85 dlrs\n    Net 100,000,000 vs 144,000,000\n    Sales 1.90 billion vs 1.69 billion\n    Nine mths\n    Shr 5.01 dlrs vs 5.27 dlrs\n    Net 392,000,000 vs 410,000,000\n    Sales 5.79 billion vs 5.31 billion\n    Note: 1986 figures include 63 mln dlrs, or 81 cts a share,\nof net gains from facilities and businesses sold, shut down or\nimpaired, and other non-recurring income and expenses\n Reuter\n\u0003","date":"19-OCT-1987 10:42:46.46","topics":["earn"],"places":["usa"]},"21379":{"title":"CALFED <CAL> POSTS RECORD THIRD QUARTER RESULTS","body":"CalFed Inc said strong loan volume\nand higher net increase income at its principal subsidiary,\nthe California Federal Savings and Loan Association,\ncontributed to the best third-quarter and nine-month results in\nthe company's history.\n    On a per-share basis, CalFed's fully diluted earnings were\n1.80 dlrs for the third quarter of 1987 and 4.87 dlrs for the\nnine months ended Sept 30, 1987, compared with 1.75 dlrs and\n4.76 dlrs in the comparable 1986 period.\n    CalFed is a 23.1 bln dlr diversified financial-services\ncompany.\n    \"Key factors leading to the company's higher earnings were\ncontinued strong loan volume, an increase in net interest\nincome and higher earnings from non-real estate sources,\" said\nGeorge Rutland, president and chief executive officer of the\nfirm of CalFed Inc.\n    Net earnings in the third quarter of 1987 were 50 mln dlrs,\na 3.1 pct gain over 48.5 mln in the same period last year. They\nincreased 3.9 pct in the first nine months of this year\ncompared with last year, totalling 134.6 mln dlrs against 129.6\nmln.\n    California Federal Savings and Loan Association contributed\nnet earnings of 44.5 mln dlrs for the third quarter of 1987\ncompared with 43.4 mln for the third quarter of 1986. For the\nnine-month period ended Sept 30, it had net earnings of 116.3\nmln dlrs against 114.9 mln in the comparable 1986 period.\n    California Federal's net interest income for the third\nquarter of 1987 rose 18.1 pct to 131.6 mln dlrs, up from 111.4\nmln for the third quarter of 1986. For the first nine months of\n1987, it totalled 383 mln dlrs, a 13.9 pct increase over 336.2\nmln in the comparable 1986 period.\n    CalFed Inc said that the increase in its subsidiary's net\ninterest income was a result of higher average balances of\ninterest-earning assets for the savings and loan operations.\n    CalFed said the savings and loan unit's loan originations\nwere unchanged in the third quarter of 1987 compared with last\nyear at 1.8 billion dlrs. But for the first nine months of\n1987, they rose to 5.4 billion dlrs from 4.9 billion in 1996.\n    California Federal's provision for loan losses rose to 19.4\nmln dlrs in the 1987 third quarter compared with 15.5 mln last\nyear and to 63.3 mln for first the nine months of 1987 compared\nwith 30.6 mln.\n Reuter\n\u0003","date":"19-OCT-1987 10:40:34.02","places":["usa"]},"21380":{"title":"COASTAL SAID RAISED OIL POSTINGS 50 CTS A BARREL OCTOBER 16. WTI NOW 19.00 DLRS.\n","date":"19-OCT-1987 10:40:19.26","topics":["crude"]},"21381":{"title":"BANK PURCHASE SLOWS SECURITY PACIFIC <SPC> NET","body":"Security Pacific Corp <SPC> said\ngrowth in its third-quarter earnings was slowed by the purchase\nof Rainier Bancorp and the suspension of interest payments on\nBrazilian and Ecuadorian loans that were placed on a\nnon-accrual status earlier this year.\n    The bank said it earned 128.1 mln dlrs in the third\nquarter, up from 118.3 mln a year earlier. On a per-share\nbasis, income was 1.16 dlrs a share, up from 1.09 dlrs.\n    The bank said non-recurring costs of 10.1 mln dlrs\nassociated with the acquisition of Rainier, a 9.5-billion-dlr\nSeattle-based concern, cut earnings per share by nine cents.\n    Security Pacific also said the suspension of interest\npayments on the Brazilian and Ecuadorian debt reduced net\nincome by 8.1 mln dlrs, or seven cents a share.\n    Security Pacific completed its acquisition of Rainier on\nAugust 31. Security Pacific's results have been restated to\nreflect the \"pooling-of-interests\" acquisition.\n    \"Our third-quarter performance was strong, clearly\ndemonstrating the stability and balance in our earnings\nstreams,\" said Richard Flamson, chairman and chief executive\nofficer. \"The addition of Rainier,\" he continued, \"adds very\nsignificantly to the strength of our western banking network.\"\n    The inclusion of Orbanco and Arizona Bancwest earnings\naffected comparison of most financial categories.\n    Fully-taxable equivalent net interest income was 602.4 mln\ndlrs, up from 538.6 mln. The suspension of interest payments on\nBrazilizan and Ecuadorian debt reduced net interest income by\n41.9 mln dlrs.\n    Non-interest income rose to 471.6 mln dlrs from 412.1 mln.\n    Third-quarter provision for credit losses was 89.6 mln\ndlrs, down 17.9 mln dlrs. As a percentage of average loans and\nlease financing, net credit losses were 0.68 pct, down from\n0.79 pct a year earlier.\n    Non-performing loans and leases were 2.038 billion dlrs at\nthe end of the quarter, or 3.96 pct of loans and leases, up\nfrom 1.377 billion a year ago.\n    Other non-interest expense, composed of staff and other\nexpenses, was 757.6 mln dlrs, up from 616.2 mln. The rise\nincluded an increase in staff expenses to 379.7 mln dlrs from\n313.0 mln dlrs.\n    Excluding Orbanco and Arizona Bancwest, average loans grew\n11 pct. Real estate and international loan growth had the\ngreatest rises of 16 pct and 15 pct, respectively.\n    Shareholders equity was 3.486 billion dlrs at the end of\nthe third quarter, up from 3.381 billion.\n    The primary capital ratio was 7.41 pct, based on period-end\ncapital and quarterly average assets, up from 7.01 pct a year\nearlier.\n Reuter\n\u0003","date":"19-OCT-1987 10:40:16.88","places":["usa"]},"21382":{"title":"IC INDUSTRIES <ICX> MAY SELL AEROSPACE UNIT","body":"IC Industries Inc said its board approved\na second major step in the reorganization and restructuring of\nthe company.\n    To implement the plan of sharpening its strategic focus on\nconsumer goods and services, the company will give serious\nconsideration to the sale of its Pneumo Abex, its aerospace and\ndefense company, if it can realize a price which will return\nmaximum value to shareholders.\n    In 1986, Pneumo Abex had operating income of 118.1 mln dlrs\non sales of 900.5 mln dlrs.\n    IC said it will use the proceeds of any asset sale to\ninvest in new high-return businesses in the consumer goods and\nservices field.\n    The company said it authorized a program to repurchase\nbetween 500 mln dlrs and 1.0 billion dlrs of IC's common stock\nfrom time to time when conditions warrant.\n    It also said it will begin an immediate cost-reduction\nprogram to cust annual operating expenses by 50 mln dlrs.\n    An IC spokesman said the cost-reduction program involved\n\"across-the-board\" cuts rather than specific about targeted\nareas.\n    IC's board earlier approved a plan to spin off the\ncompany's Illinois Central Gulf Railroad to shareholders. The\ncompany's other major subsidiaries are Pet Inc, Pepsi-Cola\nGeneral Bottlers, Midas International Corp and Hussmann Corp.\n Reuter\n\u0003","date":"19-OCT-1987 10:39:52.69","topics":["acq"],"places":["usa"]},"21383":{"title":"MIDDLE SOUTH UTILITIES INC 3RD QTR SHR 90 CTS VS 84 CTS\n","date":"19-OCT-1987 10:39:19.25"},"21384":{"title":"DOW STOCK MARKET DROPS OVER 100 POINTS\n","date":"19-OCT-1987 10:38:58.29"},"21385":{"title":"GEORGIA GULF CORP <GGLF.O> 3RD QTR NET","body":"Shr 1.92 dlrs vs 58 cts\n    Net 27.9 mln vs 9,480,000\n    Sales 176.4 mln vs 137.9 mln\n    Nine mths\n    Shr 3.87 dlrs vs 1.69 dlrs\n    Net 56.7 mln vs 27.6 mln\n    Sales 505.6 mln vs 438.5 mln\n Reuter\n\u0003","date":"19-OCT-1987 10:38:48.10","topics":["earn"],"places":["usa"]},"21386":{"title":"FINANCIAL CORP OF AMERICA <FIN> 3RD QTR LOSS","body":"Shr loss 2.20 dlrs vs profit 24 cts\n    Net loss 75.8 mln vs profit 11.6 mln\n    Avg shrs primary 35.9 mln vs 36.5 mln\n    Avg shrs diluted 39.3 mln vs 39.9 mln\n    Nine mths\n    Shr primary loss 7.04 dlrs vs profit 1.69 dlrs\n    Shr diluted loss 7.04 dlrs vs profit 1.64 dlrs\n    Avg shrs primary 35.9 mln vs 37.2 mln\n    Avg shrs diluted 39.3 mln vs 46.6 mln\n   \n    Net loss 243.4 mln vs profit 72.2 mln\n    Assets 33.4 billion vs 34.1 billion\n    Loans 10.8 billion vs 12.0 billion\n    Deposits 16.9 billion vs 17.0 billion\n    NOTE: Net includes FSLIC sepcial assessment loss of\n5,429,000 vs 5,193,000 in qtr 1987 vs 1986, and 16.3 mln vs\n16.0 mln in nine mths 1987 vs 1986.\n    Net includes gain from sale of mortgage-backed securities\nand loans of 12.4 mln vs 93.4 mln, and 139.7 mln vs 264.0 mln\nin nine mths 1987 vs 1986.\n   \n    Net includes gain from sale of investments of 64,000 in qtr\n1987, and 157,000 vs 1,231,000 in nine mths 1987 vs 1986.\n    Net includes provision for losses and discounts of 70.4 mln\nvs 76.2 mln in qtr 1987 vs 1986, and 315.7 mln vs 161.7 mln in\nnine mths 1987 vs 1986.\n    Nine mths 1987 included write off of FSLIC secondary\nreserve of 22.7 mln.\n Reuter\n\u0003","date":"19-OCT-1987 10:37:33.06","topics":["earn"],"places":["usa"]},"21387":{"title":"ARNOX <ARNX.O> STILL IN MERGER TALKS WITH TXL","body":"Arnox Corp said a special\ncommittee of its board is continuing talks with <TXL Corp> on\nthe terms of TXL's offer to acquire Arnox at 10 dlrs per share.\n    It said TXL has arranged preliminary financing.\n Reuter\n\u0003","date":"19-OCT-1987 10:36:44.23","topics":["acq"],"places":["usa"]},"21388":{"title":"J.P. MORGAN AND CO INC <JPM> 3RD QTR NET","body":"shr profit 1.18 dlrs vs profit 1.15 dlrs\n    net profit 219.2 mln vs profit 211.5 mln\n    nine mths\n    shr loss 84 cts vs profit 3.72 dlrs\n    net loss 140.8 mln vs profit 682.4 mln\n    assets 79.69 billion vs 71.99 billion\n    loans 33.93 billion vs 35.33 billion\n    deposits 45.68 billion vs 41.22 billion\n    NOTE: 1987 nine mths include previously reported 875 mln\ndlr addition to loan loss reserve in 2nd qtr for ldc debts\n Reuter\n\u0003","date":"19-OCT-1987 10:36:18.85","topics":["earn"],"places":["usa"]},"21389":{"title":"ROHM AND HAAS CO 3RD QTR SHR 57 CTS VS 54 CTS\n","date":"19-OCT-1987 10:34:11.70"},"21390":{"title":"MONSANTO CO 3RD QTR SHR 1.30 DLRS VS 1.85 DLRS\n","date":"19-OCT-1987 10:34:01.20"},"21391":{"title":"CAIRNS GROUP SAID INFLUENTIAL IN TRADE TALKS","body":"Australian Minister for Trade\nNegotiations Michael Duffy said his country and Third World\ncommodity producers have formed an effective lobby group\nagainst farm export subsidies and market access restrictions.\n    Duffy told a press conference the Cairns Group of 14 major\nagricultural producers, to which Australia and Thailand belong,\nhas emerged as an important third force in any multilateral\ntrade talks. \"There's no doubt that the Cairns Group is being\nseen as a third force to be reckoned with both inside the\nGeneral Agreement on Tariffs and Trade and in other\ninternational trade negotiations,\" he said.\n    Duffy, here on a three-day visit after talks in the United\nStates, The European Community (EC) and Latin America, said\nconsiderable progress has been made by the group towards\nfighting costly protectionist policies pursued by developed\ncountries.\n    The minister said the EC Commission's new farm trade paper\nwill recognise the heavy financial burdens imposed by its\nCommon Agricultural Policy and its future expansion.\n    He said the Reagan Administration has also displayed a\ndetermination to resist the currently strong protectionist\nsentiment in the U.S. Congress.\n Reuter\n\u0003","date":"19-OCT-1987 10:33:57.68","topics":["trade"],"organisations":["gatt","ec"],"places":["thailand","australia"]},"21392":{"title":"TURKEY CURRENT ACCOUNT DEFICIT WIDENS IN JULY","body":"Turkey's current account deficit widened\nin July to 674 mln dlrs from 454 mln in June but fell from 1.22\nbillion in July last year, the State Statistics Institute said.\n    The cumulative trade position in July showed a 1.85 billion\ndlr deficit after 1.33 billion in June and 1.89 billion a year\nearlier, with exports at 4.91 billion and imports, both FOB, at\n6.76 billion.\n    The government aims to narrow the current account deficit\nfor the whole of 1987 to 975 mln dlrs, compared with 1.52\nbillion last year, up from 1.01 billion in 1985.\n    Bankers forecast the 1987 deficit will exceed one billion\ndlrs,  because a spurt in exports is expected to slow\nconsiderably in the last five months following a massive\ndrawdown of inventories.\n REUTER\n\u0003","date":"19-OCT-1987 10:32:01.15","topics":["bop","trade"],"places":["turkey"]},"21393":{"title":"IBC'S INTERSTATE BAKERIES<IBC>BID OVERSUBSCRIBED","body":"IBC Acquisition Corp said it received\nabout 8,857,807 Interstate Bakeries Corp shares in response to\nits tender offer for up to 8,053,181 shares that expired\nOctober 16, and it will purchase about 90.9 pct of the shares\ntendered.\n    It said a final proration factor should be announced and\npayment for shares start October 26.\n    IBC is made up of Interstate management, First Boston Inc\n<FBC> and George K. Braun and Co.\n Reuter\n\u0003","date":"19-OCT-1987 10:30:23.09","topics":["acq"],"places":["usa"]},"21394":{"title":"OREGON STEEL BUYS KAISER'S NAPA VALLEY PLANT","body":"<Kaiser Steel Corp>'s plant in\nNapa, Calif., has been purchased by Oregon Steel Mills for 16\nmln dlrs, the privately owned Portland company said.\n    The transaction was approved by the U.S. bankruptcy judge\nin Denver who is hearing Kaiser Steel's Chapter 11\nreorganization case.\n    James Mccaughey, former vice president of sales for Kaiser,\nhas been named general manager for the plant which will be\ncalled Napa Pipe Corp, Oregon Steel said.\n Reuter\n\u0003","date":"19-OCT-1987 10:30:01.20","topics":["acq"],"places":["usa"]},"21395":{"title":"AMERICAN VISION <AMVC.O> ELECTS NEW PRESIDENT","body":"American Vision Centers Inc said Michael\nC. Barlerin has been elected president and chief operating\nofficer of the company, replacing Robert S. Cohen, who will\nremain a member of the company's board.\n    Barlerin was previously senior vice president and director\nof marketing for Zale Corp.\n    American Vision also said two Kay Corp <KAY> officers,\nAnthonie C. van Ekris and Thomas E. Hitselberger, and John C.\nBelknap, chief financial officer of Seligman and Latz Inc, were\nelected to American Vision's board.\n   \n    Kay last week completed the acqusition of 52 pct of\nAmerican Vision's outstding shares.\n    The new members will succeed Alan R. Cohen, Edward M. Cohen\nand Robert Gertler.\n    Separately, American Vision said its board has approved a\nproposal to borrow up to 2.5 mln dlrs from Kay Acquisition\nCorp, a unit of Kay Corp, for additional working capital.\n    The loan, which is subject to a number of conditions, would\ninclude a market rate of interest and would be in the form of a\nsenior convertible debt instrument.\n    American Vision owns and franchises retail eyecare stores.\n Reuter\n\u0003","date":"19-OCT-1987 10:26:57.21","places":["usa"]},"21396":{"title":"MILLIPORE <MILI> FILES FOR DEBENTURE OFFERING","body":"Millipore Corp filed with the\nSecurities and Exchange Commission for a proposed offering of\nup to 75 mln dlrs of convertible subordinated debentures due\nNovember 15, 2012.\n    First Boston Corp and Alex. Brown and Sons Inc will act as\nunderwriters for the proposed offering.\n    Millipore said it will use proceeds from the offering to\nrepay debt and for general corporate purposes.\n Reuter\n\u0003","date":"19-OCT-1987 10:26:34.75","places":["usa"]},"21397":{"title":"XIDEX <XIDX.O> NAMES NEW CHIEF EXECUTIVE","body":"Xidex Corp said Lester L.\nColbert Jr. will be succeeded as president and chief executive\nofficer by executive vice president and chief operating officer\nBert Zaccaria but will remain chairman.\n    The company said Colbert has decided to take a less active\nrole in management.\n Reuter\n\u0003","date":"19-OCT-1987 10:26:09.73","places":["usa"]},"21398":{"title":"CMS <CMS> CITES HIGHER ELECTRIC SALES","body":"CMS Energy Corp, parent of\nConsumers Power Co, said the fivefold improvement in its third\nquarter earnings was the result of higher electric sales.\n    The company also cited its ongoing refinancing program\nwhich it said significantly reduced high-cost debt and\npreference stock, and capitalized interest on assets which will\nbe used in the company's Midland cogeneration venture.\n    CMS reported quarterly earnings of 56.0 mln dlrs, or 65 cts\na share, up from 8.8 mln dlrs, or 10 cts a share a year\nearlier. It said electric sales were up 4.6 pct due to\ncontinued economic growth and warmer than normal weather.\n Reuter\n\u0003","date":"19-OCT-1987 10:25:54.10","places":["usa"]},"21399":{"title":"DAHLBERG <DAHL.O> COMPLETES SEARS<S> AGREEMENT","body":"Dahlberg Inc said it completed a\npreviously announced agreement with Sears, Roebuck and Co to\noperate hearing aid centers in sears stores on a national\nbasis.\n    Dahlberg currently operates some 142 hearing aid centers on\na concession basis in Sears stores.\n    In connection with the program, the company said it granted\nSears an option to buy up to 300,000 shares of Dahlberg stock\nat 12 dlrs a share.\n Reuter\n\u0003","date":"19-OCT-1987 10:25:13.75","places":["usa"]},"21400":{"title":"ALLIANT COMPUTER INTRODUCES MINISUPERCOMUPTER","body":"Alliant Computer Systems Corp\n<ALNT.O> said it introduced a parallel vector minisupercomputer\npriced at less than 100,000 dlrs.\n    The company said the new FX/4 makes multi-user\nsupercomputing affordable for the first time to workgroups in\nindustrial and commercial markets.\n    The company said it also introduced high-performance\ncompiler and algorithm products for the FX/Series systems.\n   \n    Alliant said it achieved the low price for the FX/4 through\na combination of new packaging technology and cost decreases\ndue to semiconductor price improvements and manufacturing\nefficiencies.\n    The company also released the FX/C compiler, which it said\ncan double the performance of C programs.\n    The company said its newly released algorithm products, the\nFX/Linpack and FX/Eispack libraries, are collections of\nmathematical subroutines that programmers can call from all\nAlliant languages.\n Reuter\n\u0003","date":"19-OCT-1987 10:24:18.32","places":["usa"]},"21401":{"title":"CARSON PIRIE <CRN> TO START PROXY MAILING","body":"Carson Pirie Scott and Co said it plans\nto start mailing proxy materials to stockholders in connection\nto a November 16 special meeting at which holders will be asked\nto consider a previously announced agreement with Greyhound\nCorp <G>.\n    Under the agreement, Greyhound will acquire, in a merger,\nthree of the company's foodservice operations - Dobbs\nInternational Services, Dobbs Houses and Carson international.\n    If the transaction is approved, Carsons said its\nstockholders will receive 30 dlrs cash and one share of common\nin the new Carson Pirie Scott and Co for each share held.\n Reuter\n\u0003","date":"19-OCT-1987 10:24:10.61","topics":["acq"],"places":["usa"]},"21402":{"title":"PHILIPPINE SENATE ACTS TO SPEED DEBT PACT","body":"The Philippine Senate approved a proposal\nto repay loans owed by a private company to speed up the\nsigning of a 13.2 billion dlr rescheduling agreement with\nforeign banks.\n    It concerns a Barclays Bank managed loan to fertilizer\ncompany Planter Products Inc, said Teofisto Paterno, chairman\nof the foreign debt committee.\n    President Corazon Aquino had accused some creditor banks of\n\"non-too-subtle coercion\" in threatening to refuse to sign the\nrescheduling accord until the loan problem was settled.\n    Over 30 of Philippines' 483 creditor banks still have to\nsign the agreement before the November 15 deadline.\n REUTER\n\u0003","date":"19-OCT-1987 10:23:29.35","places":["philippines"]},"21403":{"title":"HOME SAVINGS BANK <HMSB.O> 3RD QTR NET","body":"Shr 57 cts\n    Net 6,889,000 vs 10.7 mln\n    Nine mths\n    Shr 1.67 dlrs\n    Net 20.1 mln vs 22.9 mln\n    Assets 1.63 billion vs 1.47 billion\n    Deposits 1.17 billion vs 1.19 billion\n    Loans 1.25 billion vs 936.5 mln\n    NOTE: 3rd qtr and nine mths 1986 per share figures not\navailable because bank converted to stock form Nov 28, 1986.\n Reuter\n\u0003","date":"19-OCT-1987 10:23:17.49","topics":["earn"],"places":["usa"]},"21404":{"title":"WOOLWORTH <Z> COMPLETING TENDER OFFER","body":"FW Woolworth and Co said that 2,223,996\nshares of Armel Inc's <AML> common stock were tendered to and\naccepted for payment by Woolworth, under the terms of the\npreviosuly announced cash tender offer which expired at 2400\nmidnight EDT on October 16.\n    In addition, Woolowrth said 137,367 Armel shares have been\ntendered subject to guaranteed delivery.\n    Woolowrth said as a result of the tender offer and options\nwhich it has exercised to purchase Armel stock, FWW Acquisiton\nCorp, a Woolworth unit, today expects to own about 91.75 pct of\nAmrel's outstanding stock.\n   \n    Woolworth said the percent it owns does not include 583,650\nClass A shares of Armel, which were tendered or will be\npurchased pursuant to the options.\n    As previuosly announced, FWW will now proceed with the cash\nmerger in which all shares of Armel, other than those held by\nFWW or Woolworth, will be entitled to receive 7.75 dlrs per\nshare. Woolworth said it expects to consummate the deal later\nthis year.\n    Armel is a specialty retailer of a broad line of athletic\nand leisure footwear, accessories and other sportswear.\n Reuter\n\u0003","date":"19-OCT-1987 10:23:09.86","topics":["acq"],"places":["usa"]},"21405":{"title":"PLAINS PETROLEUM CO <PLP> 3RD QTR NET","body":"Shr 15 cts vs 13 cts\n    Net 1,352,000 vs 1,210,000\n    Revs 5,953,000 vs 3,309,000\n    Nine mths\n    Shr 36 cts vs 27 cts\n    Net 3,257,000 vs 2,416,000\n    Revs 16.6 mln vs 9,705,000\n    NOTE: If FASB adopts accounting changes, then 1987 3rd qtr\nper share results will be restated to 22 cts, and 54 cts a\nshare for 1987 nine mths.\n Reuter\n\u0003","date":"19-OCT-1987 10:22:36.51","topics":["earn"],"places":["usa"]},"21406":{"title":"WELLS-GARDNER CORP <WGA> 3RD QTR NET","body":"Shr profit three cts vs loss two cts\n    Net profit 107,000 vs 87,000 loss\n    Revs 6,769,000 vs 4,992,000\n    Nine mths\n    Shr profit 21 cts vs loss nine cts\n    Net profit 778,000 vs loss 314,000\n    Revs 21.9 mln vs 13.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 10:22:25.54","topics":["earn"],"places":["usa"]},"21407":{"title":"SUN MICRO'S <SUNW.O> TOPS UPGRADES SOFTWARE","body":"Sun Microsystems Co's TOPS\nsubsidiary said it will have upgraded versions of its NetPrint\nand LAN -- local area network -- software packages available\nearly next month.\n    The company said version 2.0 of its NetPrint will be\navailable November 10 at a suggested retail price of 189 dlrs.\nNetPrint is software that enables International Business\nMachines Corp <IBM> personal computers and compatibles print\ndirectly to Apple Computer Inc <AAPL.O> LaserWriters or other\nPostScript compatible printers on an AppleTalk network.\n   \n    TOPS said it will begin shipping version 2.0 of its LAN\nsoftware packages providing file sharing among Apple macintosh\ncomputers, IBM PCs and compatibles, and UNIX-based systems to\nretailers November six.\n    It said the TOPS/DOS version 2.0, which will have a\nsuggested retail price of 189 dlrs, allows PCs on the network\nto access dedicated printers fomerly availabe to only one user.\n   \n    The TOPS/Macintosh version 2.0, also listed at 189 dlrs,\nintroduces a \"remember\" function that allows users to make\nfiles available to the network and access remote files\nautomatically. In addition, the software is now fully\ncompatible with all Apple File Protocol applications.\n    Both LAN's include FlashTalk, a recently announced PC-to-PC\ncommunications architecture that operates at three-times TOPS'\nAppleTalk speed and is slated to sell for 239 dlrs.\n       \n Reuter\n\u0003","date":"19-OCT-1987 10:21:11.98","places":["usa"]},"21408":{"title":"PROSPECT GROUP HAS 14.3 PCT OF BRINKMANN<BRIK.O>","body":"New York-based Prospect Group Inc\n<PROSZ.O> said it acquired 527,000 shares of Brinkmann\nInstruments Inc common stock, or 14.3 pct of the scientific\ninstrument maker's common stock outstanding.\n    In a filing with the Securities and Exchange Commission,\nProspect Group said it bought the 527,000 Brinkmann shares in\nopen market transactions between August 12 and October 16 at\n9.62 dlrs to 11.50 dlrs, or a total of 5.69 mln dlrs.\n    Prospect Group said it bought the stock \"to establish a\nsignificant minority equity interest in the company,\" but does\nnot intend to seek control of Brinkmann at the present time.\n    Prospect Group said it will review its investment\nobjectives regarding Brinkmann as warranted by market\nconditions, the company's performance, and other factors\nincluding discussions with Brinkmann management.\n Reuter\n\u0003","date":"19-OCT-1987 10:20:37.86","topics":["acq"],"places":["usa"]},"21409":{"title":"IC INDUSTRIES AUTHORIZES REPURCHASE OF 500 MLN DLRS TO 1.0 BILLION DLRS OF ITS STOCK\n","date":"19-OCT-1987 10:19:45.31"},"21410":{"title":"IC INDUSTRIES SAYS IT WILL CONSIDER POSSIBLE SALE OF ITS AEROSPACE BUSINESS\n","date":"19-OCT-1987 10:19:14.69","topics":["acq"]},"21411":{"title":"WARNER <WCI> HAS 8.2 PCT BERKEY INC <BKY> STAKE","body":"Warner Communications Inc said its\nWarner Communications Investors Inc unit acquired stock and\nwarrants representing 416,668 shares of Berkey Inc common\nstock, or the equivalent of 8.2 pct of the company's common\nstock outstanding.\n    In a filing with the Securities and Exchange Commission,\nWarner Communications Investors said it paid about one mln dlrs\nto Berkey on September 23 to acquire 104,167 shares of Berkey\nSeries B convertible preferred stock.\n    The preferred stock is convertible into 208,334 Berkey\ncommon shares, and warrants to buy another 208,334 shares.\n    Warner Communications and its subsidiary said the Berkey\nstock is held as an investment which they will review and\nevaluate from time to time.\n Reuter\n\u0003","date":"19-OCT-1987 10:17:52.03","topics":["acq"],"places":["usa"]},"21412":{"title":"AMERICAN CYANAMID CO <ACY> 3RD QTR NET","body":"Oper shr 59 cts vs 49 cts\n    Oper net 54.7 mln vs 44.8 mln\n    Sales 1.04 billion vs 921.4 mln\n    Nine mths\n    Oper shr 2.22 dlrs vs 1.62 dlrs\n    Oper net 203.8 mln vs 150.4 mln\n    Sales 3.14 billion vs 2.87 billion\n    Avg shrs 91.6 mln vs 93.1 mln\n    NOTE: 1986 share data restated to reflect 100 pct stock\ndividend distributed June 12\n   \n    1987 operating net in both periods excludes additional gain\nof 11.6 mln dlrs, or 13 cts a share, associated with 1985 sale\nof Formica Brand Products Group business\n    1987 nine month operating net includes pre-tax gain of 12.0\nmln dlrs, equal to about 13 cts a share, from sale of\nJacqueline Cochran businesses\n Reuter\n\u0003","date":"19-OCT-1987 10:16:35.12","topics":["earn"],"places":["usa"]},"21413":{"title":"TANDY CORP <TAN> 1ST QTR SEPT 30 NET","body":"Shr 71 cts vs 49 cts\n    Net 64.3 mln vs 43.7 mln\n    Revs 838.2 mln vs 742.6 mln\n    Avg shrs 89.9 mln vs 89.9 mln\n Reuter\n\u0003","date":"19-OCT-1987 10:16:08.35","topics":["earn"],"places":["usa"]},"21414":{"title":"BELL ATLANTIC CORP <BEL> 3RD QTR NET","body":"Shr 1.62 dlrs vs 1.49 dlrs\n    Net 321.8 mln vs 297.9 mln\n    Revs 2.59 billion vs 2.49 billion\n    Avg shrs 198.8 mln vs 199.5 mln\n    Nine mths\n    Shr 2.80 dlrs vs 4.48 dlrs\n    Net 955.4 mln vs 895.2 mln\n    Revs 7.70 billion vs 7.32 billion\n    Avg shrs 199.0 mln vs 199.7 mln\n Reuter\n\u0003","date":"19-OCT-1987 10:15:55.43","topics":["earn"],"places":["usa"]},"21415":{"title":"WANG LABORATORIES INC <WANB> 1ST QTR SEPT 30","body":"Shr profit 14 cts vs loss 19 cts\n    Net profit 22.5 mln vs loss 30.0 mln\n    Revs 693.0 mln vs 597.9 mln\n    Avg shrs 166.0 mln vs 154.2 mln\n    NOTE: Prior year net includes five mln dlr tax credit.\n Reuter\n\u0003","date":"19-OCT-1987 10:14:54.00","topics":["earn"],"places":["usa"]},"21416":{"title":"BROCKWAY INC <BRK> 3RD QTR NET","body":"Shr 98 cts vs 70 cts\n    Net 12.3 mln vs 8,699,000\n    Sales 284.7 mln vs 280.7 mln\n    Nine mths\n    Shr 2.83 dlrs vs 2.23 dlrs\n    Net 35.3 mln vs 27.6 mln\n    Sales 824.6 mln vs 818.4 mln\n    NOTE: Share adjusted for December 1986 three-for-two split.\n Reuter\n\u0003","date":"19-OCT-1987 10:14:27.33","topics":["earn"],"places":["usa"]},"21417":{"title":"NUI <NUI> MAY SPIN OFF NONUTILITY OPERATIONS","body":"NUI Corp said it is studying\nthe feasibility of spinning off nonutility subsidiaries to\nshareholders.\n    The company said its propane disution, natural gas spot\nmarketing, data processing, oil and natural gas exploration and\nproduction, natural gas gathering and underground pipe\nreplacement businesses had sales for the year ended September\n30 of about 74 mln dlrs, or about 25 pct of total company\nsales.  NUI's major subsidiary is utility Elizabethtown Gas.\n Reuter\n\u0003","date":"19-OCT-1987 10:13:41.72","topics":["acq","crude","nat-gas"],"places":["usa"]},"21418":{"title":"UNISYS CORP 3RD QTR SHR 65 CTS VS 34 CTS\n","date":"19-OCT-1987 10:13:13.18"},"21419":{"title":"TELEX <TC> MAY SEEK OTHER PURCHASERS","body":"Telex Corp said its board has directed\nmanagement and financial advisor Drexel Burnham Lambert Inc to\ninvestigate possible alternatives to the tender offer of Asher\nEdelman's TLX Partners for all Telex shares that may include\nseeking other purchasers for Telex.\n    The company said the board at an October 16 meeting decided\nto defer until a board meeting later this week a recommendation\non the Edelman offer and said the board expects to make a\nrecommendation by October 23.\n Reuter\n\u0003","date":"19-OCT-1987 10:13:03.47","topics":["acq"],"places":["usa"]},"21420":{"title":"FINANCIAL CORP OF AMERICA 3RD QTR SHR LOSS 2.20 DLRS VS PROFIT 24 CTS\n","date":"19-OCT-1987 10:12:46.57"},"21421":{"title":"IBC ACQUISITION GETS 8,857,807 SHARES IN TENDER, TO BUY 90.9 PCT\n","date":"19-OCT-1987 10:11:29.96","topics":["acq"]},"21422":{"title":"SWISS ANALYSTS SAY MOOD ON MARKETS PRECARIOUS","body":"Today's sharp sell-off of Swiss stocks and\nmatching falls around Europe may have been overdone, but the\nmood on financial markets is precarious, Swiss securities\nanalysts and economists said.\n    Panic selling took Swiss shares down six pct at the opening\non enormous volume, triggered by the slide on Wall Street and\nthe threat of renewed currency instability.\n    \"I have never experienced anything like this, and I've been\nin the business for 20 years,\" said Bernhard Wyttenbach, head of\nEuropean research at Union Bank of Switzerland.\n    The analysts blamed the sell-off in Europe on U.S. Monetary\nauthorities. This weekend, U.S. Treasury Secretary James Baker\npublicly voiced his displeasure with West German monetary\npolicy. He said the eight-month-old Louvre accord to stabilise\ncurrencies was still working, but added: \"On the other hand, we\nwill not sit back and watch surplus countries jack up interest\nrates and squeeze growth on the expectation that the United\nStates will raise rates.\"\n    Hans Peter Ast of Societe Generale Alsacienne (Sogenal) in\nZurich said: \"The situation is very dangerous. Statements by the\nU.S. Authorities have fuelled anxiety about interest rates.\"\n    Herbert Fritschi, director of Zurich Cantonal Bank's\nfinancial research department, called the sell-off \"overdone,\"\nbut warned that the situation could worsen unless central banks\nloosen their monetary policy.\n    \"I think the trend toward higher interest rates is over,\" he\nsaid. \"The Federal Reserve and the Bundesbank have to step in\nwith an easy money policy, or else there is going to be an\neconomic catastrophe. They have to act quickly.\"\n    Wyttenbach said the \"Black Monday\" sell-off was clearly\nexaggerated, with Swiss Reinsurance Co participation\ncertificates falling 20 pct in value at one point.\n    But Wyttenbach said he did not believe that a correction\nwould come soon. First, the bad news will reach small investors\nonly in time for tomorrow's market, when there could be\nanother, smaller selling wave.\n    \"As soon as the dollar stabilises -- and that's the key --\nthen we'll get a strong movement upward,\" Wyttenbach said. But\nthat may not come soon.\n    \"People are simply worried that in America, where the market\nhas now fallen by 18 pct since August, the bull market is over,\"\nhe said. \"People are afraid that we'll have a recession in 1988.\"\n    Baker was wrong to blame the West Germans for the current\nproblems and the weak dollar, Wyttenbach said. \"We do not have a\nmark problem, we have a dollar problem,\" he added, but said the\nbiggest culprit was the new chairman of the U.S. Federal\nReserve Board, Alan Greenspan.\n    Wyttenbach recalled that Greenspan had suggested that the\ndollar might be too high in the medium term and that interest\nrates might have to rise. \"As a central banker he shouldn't do\nthat,\" Wyttenbach said. \"There is a danger that we will fall back\ninto the 1970s,\" he said. \"We have a real crisis of confidence in\nGreenspan. I would much rather have a Volcker.\"\n    Paul Volcker retired as Fed chairman on August 11.\n    Cantonal Bank's Fritschi said: \"I'm relatively optimistic\nbecause the situation looks too bad. The Fed certainly has to\nintervene.\"\n    He said he did not expect the Swiss National Bank to take\nany significant steps, adding that the focus of attention\nremains on the United States.\n    \"The panic started in New York, it has to end there.\"\n    The Cantonal Bank sent an advisory to customers suggesting\nthey not sell into a panicked market, but wait a while before\ndeciding what to do.\n REUTER\n\u0003","date":"19-OCT-1987 10:08:30.32","topics":["money-fx","interest"],"places":["switzerland","west-germany"]},"21423":{"title":"SOVIET UNION SETS 4.5 PCT INDUSTRIAL OUTPUT GROWTH","body":"Soviet Planning chief Nikolai Talyzin told\nthe Supreme Soviet (parliament) industrial output is planned to\nrise by 4.5 pct in 1988, up from a planned 4.4 pct in 1987.\n    In the first nine months of this year, industrial output\nrose by 3.6 pct.\n    Talyzin said national income, the nearest Soviet equivalent\nto gross national product, is planned to rise by 4.3 pct\nagainst a planned 4.1 pct this year.\n    He said grain production is planned at 235 mln tonnes in\n1988, compared with a planned 232 mln this year.\n    The Soviet Union produced 210 mln tonnes of grain in 1986\nand the Soviet press has said heavy rain has affected the\nharvest this year.\n    Talyzin said the 1988 Soviet plan stressed the engineering\nindustry, which Kremlin leader Mikhail Gorbachev has described\nas a sector where rapid modernisation is essential if the\nSoviet Union is to compete effectively on world markets.\n    \"Certain difficulties have arisen this year in the\nmachine-building industry. The economy is not receiving a\nconsiderable amount of the equipment that it requires,\" said\nTalyzin, who heads the state planning committee Gosplan.\n    Soviet data show the machine-building industry, which makes\nmachine tools, instruments and other engineering goods,\nincreased output by 3.3 pct in the first nine months of this\nyear against the same period of 1986. This is well below the\n7.3 pct rise planned for the industry for all of 1988.\n    Talyzin said the ruling Politburo concluded at a recent\nmeeting that an improvement in economic performance depended to\na large extent on conserving resources better. \"Large-scale\nmeasures are planned to save resources,\" he said.\n    Finance Minister Boris Gustev told the Supreme Soviet\ndefence spending in 1988 would total 20.2 billion roubles, the\nsame as announced last year.\n    Talyzin said the Kremlin also had decided to increase\nspending next year on medical services, education, pensions and\nsocial insurance schemes\n    He said state expenditures in these fields would reach 171\nbillion roubles in 1988, or 3.5 billion roubles more than had\noriginally been envisaged in the 1986-1990 Five-Year Plan.\n REUTER\n\u0003","date":"19-OCT-1987 10:04:35.30","topics":["ipi"],"places":["ussr"]},"21424":{"title":"BELL ATLANTIC CORP 3RD QTR SHR 1.62 DLRS VS 1.49 DLRS\n","date":"19-OCT-1987 10:03:19.00"},"21425":{"title":"J.P. MORGAN AND CO INC 3RD QTR SHR 1.18 DLRS VS 1.15 DLRS\n","date":"19-OCT-1987 09:58:01.89"},"21426":{"title":"KANSAS CITY EXCHANGE'S AUDIT TRAIL ADEQUATE","body":"The Commodity Futures Trading\nCommission (CFTC) said the Kansas City Board of Trade's (KCBT)\none-minute audit trail system was adequate and accurate.\n    But in its second rule enforcement review of an exchange's\naudit trail system, CFTC said KCBT needed to provide a more\naccurate indication of the percent of trades that meet the\none-minute timing standard.\n    CFTC also recommended the exchange develop a computerized\nprogram to compare time and sales prints to the record of\ntrades in its trade register.\n Reuter\n\u0003","date":"19-OCT-1987 09:57:33.00","places":["usa"]},"21427":{"title":"IDC SERVICES AGREES TO BE ACQUIRED FOR 16 DLRS A SHARE BY APOLLO PARTNERS GROUP\n","date":"19-OCT-1987 09:56:07.10","topics":["acq"]},"21428":{"title":"COOPER <COO> FILES FOR 300 MLN DLR NOTE OFFERING","body":"Cooper Companies Inc filed with the\nSecurities and Exchange Commission for a proposed offering of\nup to 300 mln dlrs of senior extendible notes set to mature on\nJanuary 1, 1993.\n    Drexel Burnham Lambert Inc will act as an underwriter for\nthe proposed offering, Cooper said.\n    Proceeds from the offering will be used to repay debt, for\ngeneral corporate purposes, and to support future growth.\n Reuter\n\u0003","date":"19-OCT-1987 09:55:39.67","places":["usa"]},"21429":{"title":"MANAGEMENT GROUP HAS RESTAURANT <RA> MAJORITY","body":"Restaurant Associates Industries Inc\nsaid the management group led by chairman Martin Brody and\npresident Max Pine through October 16 had received 1,796,727\nClass A and 1,766,091 Class B shares in response to its tender\noffer for all shares at 18 dlrs each, giving thema majority of\neach class of shares.\n    The company said the tender has been extended until\nNovember 6.\n Reuter\n\u0003","date":"19-OCT-1987 09:52:59.85","topics":["acq"],"places":["usa"]},"21430":{"title":"XIDEX CORP <XIDX.O> 1ST QTR SEPT 30 NET","body":"Shr 13 cts vs 22 cts\n    Net 5,452,000 vs 9,789,000\n    Sales 155.7 mln vs 135.1 mln\n    NOTE: Prior year net includes gain 6,556,000 dlrs from sale\nof shares of Seagate Technology Corp <SGAT.O>.\n Reuter\n\u0003","date":"19-OCT-1987 09:52:19.08","topics":["earn"],"places":["usa"]},"21431":{"title":"CALFED INC <CAL> 3RD QTR NET","body":"shr 1.99 dlrs vs 2.05 dlrs\n    diluted shr 1.80 dlrs vs 1.75 dlrs\n    net 50.0 mln vs 48.5 mln\n    nine months\n    shr 5.37 dlrs vs 5.69 dlrs\n    diluted shr 4.87 dlrs vs 4.76 dlrs\n    net 134.6 mln vs 129.6 mln\n Reuter\n\u0003","date":"19-OCT-1987 09:52:04.56","topics":["earn"],"places":["usa"]},"21432":{"title":"TANDY CORP 1ST QTR SHR 71 CTS VS 49 CTS\n","date":"19-OCT-1987 09:49:06.45"},"21433":{"title":"HOG AND CATTLE SLAUGHTER GUESSTIMATES","body":"Chicago Mercantile Exchange floor traders\nand commission house representatives are guesstimating today's\nhog slaughter at about 305,000 to 320,000 head versus 291,000 a\nweek ago and 282,000 a year ago.\n    Cattle slaughter is guesstimated at about 128,000 to\n132,000 head versus 128,000 week ago and 130,000 a year ago.\n Reuter\n\u0003","date":"19-OCT-1987 09:48:06.25"},"21434":{"title":"GENCORP <GY> SEEKS RETENTION OF LICENSES","body":"Gencorp's RKO General said it has\nasked the Federal Communication scommission to reverse an\nadministrative law judge's decision to revoke all 14 of the\ncompany's broadcast licenses.\n    RKO General said \"the decision was based on allegations of\nmisconduct that are either in error or have no bearing on our\nfitness as a broadcaster.\"\n    It said the decision did not challenge the quality of our\nbroadcasting. Yet, if the decision is allowed to stank, it will\ndestroy our right to broadcast.\"\n Reuter\n\u0003","date":"19-OCT-1987 09:47:13.21","places":["usa"]},"21435":{"title":"SECURITY PACIFIC CORP <SPC> 3RD QTR NET","body":"Shr 1.16 dlrs vs 1.09 dlrs\n    Net 128.1 mln vs 118.3 mln\n    Avg Shrs 108.8 mln vs 105.7 mln\n    Nine Months\n    Shr 40 cts vs 3.12 dlrs\n    Net 53.2 mln vs 335.1 mln\n    Avg Shrs 108.0 mln vs 105.2 mln\n    Note: Prior-period data have been restated to include on a\npooling-of-interest basis the August 31, 1987, acquisition of\nRainier Bancorporation.\n Reuter\n\u0003","date":"19-OCT-1987 09:46:57.37","topics":["earn"],"places":["usa"]},"21436":{"title":"PHELPS DODGE CORP <PD> 3RD QTR NET","body":"Shr 1.77 dlrs vs 60 cts\n    Net 58.2 mln vs 19.4 mln\n    Revs 377.4 mln vs 188.0 mln\n    Nine mths\n    Shr 3.10 dlrs vs 1.51 dlrs\n    Net 100.3 mln vs 50.6 mln\n    Revs 1.11 billion vs 639.7 mln\n    NOTE: 3rd qtr 1987 net includes about 3,000,000 dlrs\nafter-tax extraordinary gain on retirement of debt.\n Reuter\n\u0003","date":"19-OCT-1987 09:46:51.89","topics":["earn"],"places":["usa"]},"21437":{"title":"CRANE CO <CR> 3RD QTR NET","body":"Shr 70 cts vs 54 cts\n    Net 16.7 mln vs 12.5 mln\n    Revs 343.6 mln vs 323.1 mln\n    Avg shrs 23.9 mln vs 24.8 mln\n    Nine mths\n    Shr 1.98 dlrs vs 1.23 dlrs\n    Net 46.9 mln vs 27.8 mln\n    Revs 960.5 mln vs 893.2 mln\n    Avg shrs 24.2 mln vs 24.9 mln\n   \n    NOTE: 1986 figures reflect the adjustment for 3-for-2 split\nin May 1987.\n    Net for nine mths 1987 includes a cumulative effect of a\nchange in accounting for gain on pension assets reversion of\n10.1 mln or 42 cts a shr.\n\n Reuter\n\u0003","date":"19-OCT-1987 09:46:37.75","topics":["earn"],"places":["usa"]},"21438":{"title":"ATT <T> PLANS COMPUTER USING SUN <SUNW.O> CHIP","body":"American Telephone and Telegraph Co said\nit plans to build a new computer that incorrates a unified\nversion of its UNIX System IV operating system and Sun\nMicrosystems Inc's recently annouced SPARC micropocessor.\n    The SPARC chip is based on reduced instruction-set\ncomputing, or RISC, technology. \n    ATT said the version of UNIX used by the new computer will\nincorporate po;ular features of the Berkeley 4.2 system, a\ndirative of the UNIX system used widely in scientific and\nengineering markets, as well as features of SunOs, a variant of\nthe Berkely system sold by Sun.\n    ATT said it would take 18 months to two years to develop\nnew computers based on the Sun microchip and the merged version\nof the UNIX operating system.\n    Vittorio Cassoni, president of ATT's newly-formed Data\nSystems Group, said the company will not offer the new machines\nuntil the merged version of UNIX is completed.\n    \"It's the software that will determine the availability of\nproducts based on SPARC,\" he said.\n    Eventually ATT's entire line of 3B mini computers will be\nconverted to the SPARC architecture, Cassoni said.\n   \n    The investment of all current users will be protected,\nmeaning that they will be able to maintain the software used on\nthe current 3B line, he said.\n    Cassoni also said ATT's sales of computers declined in the\nfirst nine months of the year compared with the first nine\nmonths of last year.\n    The lower sales were primarily the result of ATT's\ntransition to a new line of computers, he said.\n    However, \"demand for the new products is way, way above\nexpectation,\" he stated.\n Reuter\n\u0003","date":"19-OCT-1987 09:46:29.71","places":["usa"]},"21439":{"title":"AMERICAN CYANAMID CO 3RD QTR OPER SHR 59 CTS UP 22 PCT\n","date":"19-OCT-1987 09:44:48.82"},"21440":{"title":"TELEX CORP TO INVESTIGATE ALTERNATIVES TO TLX PARTNERS BID, MAY SEEK OTHER PURCHASERS\n","date":"19-OCT-1987 09:43:30.16","topics":["acq"]},"21441":{"title":"LOTUS DEVELOPMENT CORP <LOTS.O> 3RD QTR NET","body":"Shr 42 cts vs 21 cts\n    Net 19.1 mln vs 9,528,000\n    Sales 101.2 mln vs 65.6 mln\n    Avg shrs 46.0 mln vs 46.0 mln\n    Nine mths\n    Shr 1.08 dlrs vs 69 cts\n    Net 49.1 mln vs 32.7 mln\n    Sales 280.0 mln vs 201.0 mln\n    Avg shrs 45.6 mln vs 47.4 mln\n    NOTE: Share adjusted for February 1987 two-for-one split.\n Reuter\n\u0003","date":"19-OCT-1987 09:38:49.47","topics":["earn"],"places":["usa"]},"21442":{"title":"WANG LABORATORIES INC 1ST QTR SHR PROFIT 14 CTS VS LOSS 19 CTS\n","date":"19-OCT-1987 09:36:55.80"},"21443":{"title":"IRAN SAYS U.S. NAVAL FORCES ATTACKED TWO PLATFORMS","body":"Iran said U.S. Naval forces attacked two\nof its oil platforms in the southern Gulf on Monday afternoon,\nthe Iranian news agency IRNA reported.\n    IRNA, received in Nicosia, said an informed source at the\nIranian oil ministry identified the two platforms as Resalat\nand Reshadat, about 60 miles from Iran's Lavan island oil\nstorage site.\n    Regional shipping sources earlier said three Iranian\noffshore oil sites at Sassan, Rostam and Rakhsh had been\nattacked at 7.00 A.M. (0300 GMT) on Monday by unidentified\naircraft.\n    In Washington, U.S. Defence Secretary Caspar Weinberger\nsaid four U.S. Destroyers attacked and destroyed an Iranian oil\nplatform about 120 miles east of Bahrain.\n REUTER\n\u0003","date":"19-OCT-1987 09:36:20.16","topics":["ship","crude"],"places":["cyprus","iran","usa"]},"21444":{"title":"CHICAGO MERC'S AND P 500 STOCK INDEX FUTURES OPEN MORE THAN 20 POINTS LOWER\n","date":"19-OCT-1987 09:35:19.14"},"21445":{"title":"WALL STREET STOCKS OPEN BROADLY LOWER\n","date":"19-OCT-1987 09:31:59.94"},"21446":{"title":"BROCKWAY INC 3RD QTR SHR 98 CTS VS 70 CTS\n","date":"19-OCT-1987 09:31:05.73"},"21447":{"title":"SOUTHWEST BANCORP <SWB> 3RD QTR LOSS","body":"Oper shr loss 82 cts vs profit 12 cts\n    Oper net loss 4,134,000 vs profit 544,000\n    Avg shrs 5,030,000 vs 3,927,000\n    Nine mths\n    Oper shr loss 80 cts vs profit 32 cts\n    Oper net loss 3,615,000 vs profit 1,457,000\n    Avg shrs 4,557,000 vs 3,927,000\n    NOTE: 1986 net excludes tax loss carryforwards of 105,000\ndlrs in quarter and 195,000 dlrs in nine mths.\n    1986 quarter net includes 212,000 dlr tax credit.\n    1987 net both periods includes 3,700,000 dlr addition to\nloan loss reserves due mostly to one out-of-state real estate\ntransaction.\n Reuter\n\u0003","date":"19-OCT-1987 09:30:51.30","topics":["earn"],"places":["usa"]},"21448":{"title":"GATX CORP <GMT> 3RD QTR NET","body":"Shr 95 cts vs 36 cts\n    Net 9,100,000 vs 3,300,000\n    Revs 143.7 mln vs 132.4 mln\n    Avg shrs 9,884,000 vs 9,780,000\n    Nine mths\n    Shr 2.77 dlrs vs 1.49 dlrs\n    Net 26,600,000 vs 19,000,000\n    Revs 401.8 mln vs 385.2 mln\n    Avg shrs 9,871,000 vs 12,565,000\n    NOTE: 1986 earnings include a loss from discontinued\noperations of 1,000,000 dlrs, or 10 cts a share in the quarter\nand a gain of 2,500,000 dlrs, or 19 cts a share for the nine\nmonths\n Reuter\n\u0003","date":"19-OCT-1987 09:29:50.98","topics":["earn"],"places":["usa"]},"21449":{"title":"KENYA DEBT SERVICING TO ABSORB MOST AID - MOI","body":"Rising service payments on Kenya's three\nbillion dlr external debt will absorb nearly all the 1.1\nbillion dlrs of foreign aid likely over the next four years,\nPresident Daniel arap Moi said.\n    \"While we expect to receive 18.3 billion Kenyan shillings in\nthe form of external loans for our development programs in the\nnext four years, we will be repaying more than 13.5 billion...\nBy way of external debt servicing...,\" Moi told a conference of\nAmerican businessmen in Nairobi.\n    The president added that if developing countries continue\nto experience foreign exchange outflows on this scale, many\nwill be unable to sustain a level of imports necessary to\nensure economic growth. He called on the international\ncommunity to ensure a real transfer of resources from the\nindustrialised to the developing countries.\n    Moi said Kenya had so far met all obligations regarding its\nforeign debt, which his government has never tried to\nreschedule.\n REUTER\n\u0003","date":"19-OCT-1987 09:29:34.86","places":["kenya"]},"21450":{"title":"LOTUS DEVELOPMENT CORP 3RD QTR SHR 42 CTS VS 21 CTS \n","date":"19-OCT-1987 09:27:06.67"},"21451":{"title":"MICROSOFT CORP <MSFT.O> 1ST QTR NET","body":"Shr 38 cts vs 29 cts\n    Net 21.3 mln vs 15.8 mln\n    Revs 102.6 mln vs 66.8 mln\n Reuter\n\u0003","date":"19-OCT-1987 09:25:04.53","topics":["earn"],"places":["usa"]},"21452":{"title":"GENCORP SAID IT ASKED THE FCC TO REVERSE REVOCATION OF ITS BROADCAST LICENSES\n","date":"19-OCT-1987 09:22:52.77"},"21453":{"title":"CMS ENERGY CORP <CMS> 3RD QTR NET","body":"Shr 65 cts vs 10 cts\n    Net 55,960,000 vs 8,785,000\n    Revs 588.2 mln vs 596.1 mln\n    Avg shrs 85,710,000 vs 87,987,000\n    Nine mths\n    Shr 1.24 dlrs vs 44 cts\n    Net 106,738,000 vs 39,055,000\n    Revs 1.98 billion vs 2.24 billion\n    Avg shrs 86,320,000 vs 88,007,000\n    NOTE: 1986 data restated for adoption of new accounting\nstandard relating to pensions\n    1987 nine month earnings include 331 mln dlr after-tax\nwriteoff in the 4th Qtr of 1985 of a portion of the assets of\nthe company's Midland nuclear project\n Reuter\n\u0003","date":"19-OCT-1987 09:20:24.63","topics":["earn"],"places":["usa"]},"21454":{"title":"SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI","body":"Shamrock Capital LP said it has\ncompleted the sale of Cental Soya Co Inc to Ferruzzi Agricola\nFinanziaria the holding company for the Ferruzzi group of\nRavenna, Italy.\n    Shamrock Capital is a limited partnership led by Shamrock\nHoldings Inc, the Roy E. Disney family company.\n    Under the agreement announced last month, Ferruzzi acquired\nall the equity and assumed subordinated term debt of about 195\nmln dlrs in a transaction valued at about 370 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 09:19:42.53","topics":["acq"],"places":["usa","italy"]},"21455":{"title":"CURTICE BURNS FOODS INC <CBI> 1ST QTR NET","body":"Qtr ends Sept 25\n    Shr 75 cts vs 64 cts\n    Net 2,794,000 vs 2,363,000\n    Revs 157.8 mln vs 138.4 mln\n    NOTE: 1986 qtr figures exclude effect of 1986 tax reform\nact which retroactively reduced earnings from 64 cts to 56 cts\nper shr.\n Reuter\n\u0003","date":"19-OCT-1987 09:18:12.67","topics":["earn"],"places":["usa"]},"21456":{"title":"PHELPS DODGE CORP 3RD QTR NET 58.2 MLN DLRS VS 19.4 MLN DLRS\n","date":"19-OCT-1987 09:16:20.16"},"21457":{"title":"CMS ENERGY CORP 3RD QTR SHR 65 CTS VS 10 CTS\n","date":"19-OCT-1987 09:15:18.95"},"21458":{"title":"VW SAYS AUTOLATINA TO LOSE 500 MLN MARKS IN 1987","body":"Autolatina, Volkswagen AG\n<VOWG.F> and Ford Motor Co's <F> Latin American joint venture,\nwas expected to make losses of 500 mln marks from Brazilian\noperations in 1987, VW spokesman Ortwin Witzel said.\n    He could not comment on a report in the Frankfurter\nRundschau daily that Ford might pull out of the venture, set up\nin 1986 to incorporate VW's and Ford's Brazilian and Argentine\noperations. Ford holds 49 pct of Autolatina.\n    Witzel blamed Autolatina's losses on Brazil's government\nprice restrictions but said the losses were in line with\nexpectations. VW's Brazil unit lost 258 mln marks in 1986.\n Reuter\n\u0003","date":"19-OCT-1987 09:14:54.73","places":["west-germany"]},"21459":{"title":"U.S. NAVAL FORCES ATTACK IRANIAN OIL PLATFORM","body":"U.S. warships attacked and destroyed\nan Iranian oil platform on Monday in retaliation for Friday's\nIranian attack damaging a U.S.-flagged ship, U.S. Defense\nSecretary Caspar Weinberger said.\n    When asked how much was left of the oil platform,\nWeinberger said, \"Nothing.\"\n    \"There was no Iranian reaction,\" he said. \"... We consider\nthis matter is now closed.\"\n    Weinberger said four U.S. destroyers attacked the platform\nabout 120 miles east of Bahrain in the central Gulf with fire\nat 0700 EDT, Weinberger said.\n    \"We chose a platform used by the Iranians to interfere with\nand be a source of potential attack on convoys...,\" Weinberger\nsaid at a Pentagon briefing. \n    \"We know it has been used indeed, to not only launch small\nboat attacks on shipping but to fire on U.S. helicopters...\n    \"It's removal will contribute significantly to the safety of\nU.S. forces in the future,\" Weinberger said of the U.S. Navy's\noperation to escort oil tankers through the Gulf.\n    \"We do not seek further confrontation with Iran but we will\nbe prepared to meet any escalation of military actions by Iran\nwith stronger countermeasures,\" Weinberger said.\n    He said the 20 to 30 Iranian personnel on the oil platform\nwere given a 20-minute warning to abandon the platform.\n    \"As far as we know they did abandon the site,\" he said.\n    Weinberger was asked why the United States had chosen to\nattack an oil platform rather than Iranian Silkworm missile\nplatforms blamed by Washington for Friday's attack.\n Reuter\n\u0003","date":"19-OCT-1987 09:13:47.65","topics":["ship","crude"],"places":["usa","iran"]},"21460":{"title":"LINDBERG CO <LIND.O> 3RD QTR NET","body":"Shr profit 10 cts vs profit eight cts\n    Net profit 477,853 vs profit 348,384\n    Sales 17.7 mln vs 17.3 mln\n    Nine mths\n    Shr loss 35 cts vs profit 45 cts\n    Net loss 1,639,216 vs profit 2,305,700\n    Sales 56.2 mln vs 57.1 mln\n    Avg shrs 4,698,501 vs 5,075,717\n    NOTE: Earnings in the 2nd Qtr of 1987 were reduced by\n3,262,000 dlrs, or 69 cts a share from a charge reflecting\nelimination or transfer of certain product lines and operations\nat the company's Racine, Wis. foundry\n Reuter\n\u0003","date":"19-OCT-1987 09:13:19.45","topics":["earn"],"places":["usa"]},"21461":{"title":"OGDEN <OG> SETS BERKS COUNTY WASTE FACILITY","body":"Ogden Corp said its Ogden Martin System\nof Berks Inc subsidiary has signed a contract with Berks\nCounty, Pa., to build, own and operate a resource recovery\nplant designed to process 365,000 tons per year of municipal\nsolid waste.\n    Ogden said 66 of the 75 municipalities in the county have\nsigned letters of intent to be served by the facility.\n    It said initial financing will include 75 mln dlrs in tax\nexempt resources recovery revenue bonds to be issued by the\nBerks County Industrial Development Authority, the company\nsaid.\n   \n    Another 75 mln dlrs Pennsylvania State Bond Allocation is\npending, Ogden said. The company will contribute about 21.1 mln\ndlrs in equity.\n    It said total cost is about 105 mln dlrs, plus escalation,\nfor the plant which will produce about 30 megawatts of\nelectricity.\n Reuter\n\u0003","date":"19-OCT-1987 09:12:53.99","places":["usa"]},"21462":{"title":"SHAMROCK COMPLETES CENTRAL SOYA SALE TO FERRUZZI","body":"Shamrock Capital LP said it has\ncompleted the sale of Cental Soya Co Inc to Ferruzzi Agricola\nFinanziaria the holding company for the Ferruzzi group of\nRavenna, Italy.\n    Shamrock Capital is a limited partnership led by Shamrock\nHoldings Inc the Roy E. Disney family company.\n    Under the agreement announced last month, Ferruzzi acquired\nall the equity and assumed subordinated term debt of about 195\nmln dlrs in a trction valued at about 370 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 09:12:35.93","topics":["acq"],"places":["usa","italy"]},"21463":{"title":"MICROSOFT CORP 1ST QTR SHR 38 CTS VS 29 CTS\n","date":"19-OCT-1987 09:12:19.17"},"21464":{"title":"CURTICE BURNS FOODS INC 1ST QTR SHR 75 CTS VS 64 CTS \n","date":"19-OCT-1987 09:08:42.58"},"21465":{"title":"WEINBERGER SAYS U.S. FORCES ATTACKED IRANIAN OIL PLATFORM\n","date":"19-OCT-1987 09:07:31.76","topics":["crude"]},"21466":{"title":"CABLE AND WIRELESS RESTRUCTURES H.K. UNITS","body":"Cable and Wireless Plc <CAWL.L> said\nits subsidiary <Hong Kong Telephone Co Ltd> would cease to be a\nlisted company, following the restructure of the company's Hong\nKong units.\n    Earlier today the company announced that Hong Kong\nTelephone and Cable and Wireless Hong Kong, in which the\nterritory's government has a 20 pct stake, would become\nsubsidiaries of a newly formed holding company, Hong Kong\nTelecommunications.\n    In exchange for the Cable and Wireless Hong Kong capital,\nHong Kong Telecommunications will issue 4.18 billion new shares\nto Cable and Wireless Plc's Cable and Wireless (Far East) Ltd.\n    That subsidiary now holds the group's 80 pct stake in Cable\nand Wireless Hong Kong and about 22 pct of H.K. Telephone.\n    It will issue an additional 1.05 billion shares to the\ngoverment.\n    That will leave the Cable and Wireless group with an 80 pct\nstake in Hong Kong Telecommunications, the government 11 pct\nand nine pct in public hands.\n    But that will be reduced early next year after a placement\nof 11 pct of the issued shares of Hong Kong Telecommunications\nby both Cable and Wireless and the government.\n Reuter\n\u0003","date":"19-OCT-1987 09:07:27.98","topics":["acq"],"places":["hong-kong"]},"21467":{"title":"TEXACO <TX> HOLDERS SEEK PREFERRED DIVIDEND","body":"Texaco Inc said it has been asked by\na committee of shareholders about the possibility of the\ncompany paying a preferred stock dividend to shareholders.\n    The company said the inquiry, from the Equity Security\nHolders Committee, outlines the committee's ideas on how such a\ndividend might be paid.\n    Texaco said it would explore the committee's outline, as\nwell as other options that would support shareholders'\ninterests and assets.\n Reuter\n\u0003","date":"19-OCT-1987 09:06:20.71","places":["usa"]},"21468":{"title":" Bank of France added money market liquidity at 7-3/4 pct - dealers\n","date":"19-OCT-1987 09:04:17.33","topics":["money-fx","interest"]},"21469":{"title":"GAF <GAF> GROUP RECONSIDERS BUYOUT BID","body":"GAF Corp said the management group\nled by chairman Samuel J. Heyman intends to reconsider its\nproposal to acquire GAF.\n    On September 8, the group offered 64.00 dlrs in cash and\n2.50 dlrs principal amount of 15 pct junior subordinated\ndebentures due 2007 for each GAF share.  Heyman owns about\n2,700,000 of GAF's 33.5 mln shares outstanding.\n    In a letter to the committee of independent directors\nformed to consider the offer, Heyman said it will have to\nmodify the terms of the offer if it is to continue the bid, due\nto rising interest rates and financial market conditions.\n    Heyman said \"In the considerable time that has elapsed\nsince our original proposal was submitted, the credit and\nfinancial markets have experienced extraordinary and almost\nunprecedented deterioration.  As of the present time, the\naverage interest rate on the financing which we proposed to\nraise in connection with the acquisition has increased, since\nthe original proposal, by approximately 150 basis points.\"\n    He said the group intends to promptly review all available\noptions, including the revision of its offer to reflect current\nmarket conditions.\n Reuter\n\u0003","date":"19-OCT-1987 09:03:44.72","topics":["acq"],"places":["usa"]},"21470":{"title":"SECURITY PACIFIC CORP 3RD QTR SHR 1.16 DLRS VS 1.09 DLRS\n","date":"19-OCT-1987 09:03:05.97"},"21471":{"title":"CALFED INC 3RD QTR SHR 1.99 DLRS VS 2.05 DLRS\n","date":"19-OCT-1987 09:02:39.04"},"21472":{"title":"TANDEM <TDM> HAS OPTICAL DISK SUBSYSTEM","body":"Tandem Computers Inc said it has\nintroduced an 84-gigabyte write-once, read-many-times optical\ndisk library subsystem called the 5200 Optical Storage Facility\nfor use with Tandem NonStop computer systems VLX, TXP, NonStop\nII, EXT25 and EXT10.\n    The company said the facility contains two read/write disk\ndrives, a formatter and an automatic changer for up to 32 disk\ncartridges, each holding 2.62 gigabytes of data.  It said the\n52oo provides an average access time of 250 milliseconds for\ndata on an optical disk cartridge already mouinted and 17\nseconds when a cartridge must be changed.\n    Tandem said deliveries will start this quarter.  It said\nthe 5200 is priced at 155,000 dlrs.\n    It said the software initial license fee is 5,300 dlrs and\nthe monthly license fee is 100 dlrs with the NonStop VLX, TXP,\nNonStop II and EXT25 systems and the fees are 2,650 dlrs and 50\ndlrs respectively with the EXT10 system.\n Reuter\n\u0003","date":"19-OCT-1987 08:59:16.47","places":["usa"]},"21473":{"title":"S.KOREA CURRENT A/C SURPLUS SEEN NEAR 10 BLN DLRS","body":"South Korea's national news agency, Yonhap,\nsaid this year's current account surplus will near 10 billion\ndlrs amid signs of continuing high world demand for the\ncountry's cheap cars and electronic goods.\n    Bank of Korea officials would neither confirm nor deny the\nYonhap forecast, saying only that the bank would issue its own\nfigures later in the week.\n    Yonhap said the January-September surplus in the current\naccount, which covers trade in goods and services, totalled\n7.03 billion dlrs.\n    This already exceeds the seven billion dlr ceiling for the\nwhole of 1987 that the government set in June during talks with\nthe International Monetary Fund aimed at averting a too rapid\nrevaluation of the won against the dollar.\n    The agency said the September surplus was 1.4 billion dlrs,\nup from 468.1 mln in August and 899 mln a year earlier.\n    \"Exports in October could be relatively modest due to many\npublic holidays, but by the end of this year the surplus will\nbe well over nine billion dollars, close to ten,\" Yonhap said.\n    The sharp rise in the September surplus came from a\nresumption of export deliveries delayed by strikes the previous\nmonth.\n    More than 3,300 companies, including car manufacturers,\nelectronic and electric firms, were hit by labour unrest\nbetween July and September.\n    The South Korean government originally targeted a five\nbillion dlr current account surplus this year, but had to raise\nthis to seven billion to reflect a startling first-half export\nboom.\n    If confirmed, the soaring 1987 current account surplus\nseemed certain to trigger tougher pressure from the United\nStates which recorded a 7.4 billion dlr trade deficit with\nSeoul last year, government economists said.\n    The U.S. Government, trying to stem protectionist pressure\nat home, has called on South Korea to open more markets to\nAmerican goods and revalue the won faster.\n    The won was fixed at 804.90 against the dollar on Monday,\nrepresenting a 7.01 pct gain so far this year.\n REUTER\n\u0003","date":"19-OCT-1987 08:56:47.50","topics":["bop"],"places":["south-korea"]},"21474":{"title":"PLY GEM INDUSTRIES INC <PGI> 3RD QTR NET","body":"Shr 30 cts vs 17 cts\n    Shr diluted 30 cts vs 17 cts\n    Net 3,454,000 vs 1,546,000\n    Sales 84.0 mln vs 59.2 mln\n    Avg shrs 11.6 mln vs 8,917,000\n    Avg shrs diluted 11.7 mln vs 11.2 mln\n    Nine mths\n    Shr 91 cts vs 72 cts\n    Shr diluted 90 cts vs 65 cts\n    Net 10.5 mln vs 5,959,000\n    Sales 236.7 mln vs 168.9 mln\n    Avg shrs 11.5 mln vs 8,227,000\n    Avg shrs diluted 11.6 mln vs 11.2 mln\n Reuter\n\u0003","date":"19-OCT-1987 08:55:53.77","topics":["earn"],"places":["usa"]},"21475":{"title":"AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF","body":"Unidentified jets attacked three Iranian\noil rigs in the southern Gulf early on Monday, setting at least\none of them ablaze, regional shipping sources said.\n    Earlier today in Washington, U.S. Television networks had\nreported that American forces launched a retaliatory strike\nagainst Iran late Sunday, attacking two Iranian offshore oil\ndrilling platforms and setting them ablaze.\n    The shipping sources said Iran's Sassan, Rostam and Rakhsh\noffshore oilfields were attacked at 0700 local (0300 GMT) by a\nwave of jet fighter bombers. Smoke was seen spiralling up from\nthe Rostam field soon after.\n    At least one of the other two targets was also believed to\nbe ablaze, the sources said.\n    The Sassan and Rostam fields have been targets for Iraqi\nair strikes in the past, but Baghdad had not reported any\nsouthern Gulf missions prior to news of the latest attack.\n    Shipping and military sources in the region have said Iran\nused its southern Gulf rigs as bases to launch helicopter and\nlater speedboat attacks on neutral ships in the waterway.\n    U.S. Officials had been meeting on a response since Friday\nwhen an attack on a Kuwaiti port severely damaged a\nU.S.-flagged ship. President Reagan said on Sunday he had\nalready made a decision on the U.S. Response to Friday's Iran\nattack but would not say what the decision was.\n REUTER\n\u0003","date":"19-OCT-1987 08:55:04.13","topics":["ship","crude"],"places":["bahrain","iran","usa"]},"21476":{"title":"Leading Belgian shares 15 pct down in hectic early trading - dealers\n","date":"19-OCT-1987 08:54:12.09"},"21477":{"title":"DEUTSCHE BANK CHIEF SAYS LOUVRE PACT STILL INTACT","body":"Deutsche Bank AG joint chief executive\nFriedrich Wilhelm Christians said he believed the Louvre accord\non currency stability was still intact.\n    Christians told a news conference he met U.S. Treasury\nSecretary James Baker in the last two weeks, after short term\nGerman interest rates had risen twice.\n    \"I am sure that with 1.7720 marks the dollar is still within\nthe Louvre agreement. I do not see that the accord has been\nterminated,\" Christians said. He was responding to questions\nabout comments by Baker, who said the Louvre accord was still\noperative but criticised rises in West German interest rates.\n REUTER\n\u0003","date":"19-OCT-1987 08:52:57.44","topics":["money-fx"],"places":["west-germany"]},"21478":{"title":"GAF CORP SAID MANAGEMENT GROUP TO RECONSIDER ACQUISITION PROPOSAL\n","date":"19-OCT-1987 08:52:09.29","topics":["acq"]},"21479":{"title":"EMULEX CORP <EMLX.O> 1ST QTR SEPT 27 NET","body":"Shr 13 cts vs 12 cts\n    Net 1,612,000 vs 1,571,000\n    Revs 28.8 mln vs 25.0 mln\n    Avg shrs 12.8 mln vs 13.3 mln\n Reuter\n\u0003","date":"19-OCT-1987 08:49:29.04","topics":["earn"],"places":["usa"]},"21480":{"title":"LYPHOMED INC <LMED.O> 3RD QTR NET","body":"Shr 18 cts vs 13 cts\n    Net 5,436,000 vs 3,888,000\n    Sales 43.9 mln vs 31.5 mln\n    Avg shrs 30,145,000 vs 28,976,000\n    Nine mths\n    Shr 51 cts vs 38 cts\n    Net 15,320,000 vs 11,098,000\n    Sales 123.6 mln vs 91.2 mln\n    Avg shrs 30,157,000 vs 29,046,000\n    NOTE: Earnings adjusted for three-for-two stock split paid\nJune 20, 1986\n Reuter\n\u0003","date":"19-OCT-1987 08:49:10.75","topics":["earn"],"places":["usa"]},"21481":{"title":"GENENTECH <GENE.O> IN IMAGING DRUG VENTURE","body":"Privately-held NeoRx Corp said it has\nentered into an exclusive agreement with Genentech Inc for the\ndevelopment of an injectable diagnostic to image blood clots.\n    It said it Genentech will be responsible for marketing, and\nNeoRx will receive royalties based on sales.  The product will\nuse a proprietary NeoRx method of attaching the radioisotope\ntechnetium-99m to Genentech's blood clot dissolving drug tissue\nplasminogen activator, or Activase.\n Reuter\n\u0003","date":"19-OCT-1987 08:47:06.34","places":["usa"]},"21482":{"title":"AIRCRAFT ATTACK IRANIAN OIL RIGS IN SOUTHERN GULF","body":"Unidentified jets raided three Iranian\noil rigs in the southern Gulf on Monday, setting at least one\nof them ablaze, regional shipping sources said.\n Reuter\n\u0003","date":"19-OCT-1987 08:44:03.69","topics":["ship","crude"],"places":["bahrain","iran"]},"21483":{"title":"QUANTECH <QANT.O> GETS NASDAQ EXCEPTION","body":"Quantech Electronics Corp said\nits common stock will continue to be quoted on the NASDAQ\nsystem due to an exception from National Association of\nSecurities Dealers capital and surplus requirements, which it\nfailed to meet as of August 31.\n    The company said it believes it can meet conditions imposed\nby the NASD for the exception, but there can be no assurance\nthat it will do so.\n Reuter\n\u0003","date":"19-OCT-1987 08:42:13.43","places":["usa"]},"21484":{"title":"SHIPPING SOURCES SAY UNIDENTIFIED JETS RAID IRANIAN OIL PLATFORMS IN SOUTHERN GULF\n","date":"19-OCT-1987 08:37:03.64","topics":["crude"]},"21485":{"title":"Unidentified jets raid Iranian oil platforms in southern Gulf - shipping sources\n","date":"19-OCT-1987 08:35:03.90","topics":["crude","ship"]},"21486":{"title":"SAUDI TO REMAIN AS KEY LPG SUPPLIER TO JAPAN","body":"Saudi Arabia is likely to remain the key\nsupplier of liquefied petroleum gas (LPG) to Japan for at least\nthe next five years, oil industry sources said.\n    Japan, while diversifying its supply sources of propane and\nbutane for stable supplies, will continue to bank on Saudi\nArabian LPG, the sources said.\n    They said Saudi's supply capabilities of LPG, an associate\nof crude oil, is guaranteed by its crude output capacity. \"Saudi\nis a reliable supplier in that sense,\" said one trader.\n    Japan imports about 50 pct of its LPG from Saudi Arabia.\n    No single nation could substitute for Saudi Arabia as an\nLPG supply source to Japan, the sources said.\n    \"Saudi Arabia has committed itself to Japanese LPG buyers,\nwhich has quelled fears that LPG supplies from the Mideast Gulf\ncould easily be disrupted in the wake of heightened hostilities\nin that area,\" said another trader.\n    Saudi Arabia cut LPG shipments to Japan and elsewhere by 20\npct in September after a fire put a major gas plant at\nAl-Juaimah out of operation. October shipments were back to\ncontractual volumes as Saudi was able to boost exports from\nother ports.\n    Attacks on Gulf shipping by Iran and Iraq centered on crude\nrather than products carriers, which has lulled fears of LPG\nsupply disruptions, traders said.\n    They said an Iranian blockade of the Strait of Hormuz was\nunlikely because it would block Iran's oil shipments.\n    Industry sources said Japan's LPG imports will not greatly\nrise or fall as its domestic demand growth is estimated at a\nmoderate 2.1 pct a year from 1986 through 1991.\n    Japanese term buyers of Saudi LPG are expected to lift\nslightly lower volumes from January 1987, when imports from\nIndonesia are slated to increase, the sources said.\n    The customers are unlikely to slash Saudi term purchases in\nlarge scale when Japan increases annual imports of Indonesian\nLPG to 1.95 mln tonnes in early 1989 from 319,000 tonnes in the\nyear ended March 1987, the sources said.\n    But when demand is sluggish in summer, they will phase down\nterm purchases of Saudi LPG and secure lower-priced cargoes on\nthe spot market, they said.\n    Japan imports some 12 mln tonnes of LPG a year, of which\n5.3 mln tonnes are supplied by Saudi Arabia, 3.3 mln under term\ncontracts and two mln through spot purchases. Some 80 pct of\nJapan's LPG imports are from the Middle East.\n    Saudi Arabia's state owned oil company Petromin has made\nsome concessions on term prices to Japanese customers in the\nrecent round of contract renewal talks, and it is likely the\nJapanese will accept the offer, the sources said.\n    The Japanese term customers, however, have so far been\nunsuccessful in establishing a transparent price formula to\nreplace the existing unilateral monthly price notice.\n    Japanese buyers pay Saudi Arabia a price notified by\nPetromin each month. Most recently the FOB price was set at 87\npct of the 17.52 dlrs per barrel government selling price (GSP)\nof Arabian Light.\n    Buyers reserve the right to phase down or out liftings\nshould the monthly price be set at over 95 pct of Arabian\nLight's GSP.\n    Petromin has offered to lower this rate to 90 pct from the\n95 pct for contracts with Japanese customers from next January,\nthe trade sources said.\n    Petromin also suggested that a seller's option of supplying\nup to 20 pct more than the contractural volume be subject to\nseller-buyer agreement.\n    Under the present contract, Petromin can automatically cut\nsupplies up to 10 pct of the contractual volume.\n    \"If you want to import LPG from Saudi Arabia on a profitable\nbasis, you have to set the price factor at 80 to 85 pct,\" said\nan official at a major importer. \"Freight costs are higher for\ncargoes coming from the Gulf than Southeast Asia due to a\nlonger haul and war risk insurance payments.\"\n    Japanese customers will visit Saudi Arabia this month to\nfinalise their separate contract talks, now focusing on\ncontractual period and volume, which could be very similar to\ncurrent levels, the sources said. \"When we talk business, we\nwould seek profitability and sometimes forget vulnerability of\nhigh dependence on a single supplier,\" said one.\n REUTER\n\u0003","date":"19-OCT-1987 08:34:27.31","topics":["propane","ship"],"places":["iraq","iran","japan","saudi-arabia"]},"21487":{"title":"BECHTEL, CONTROL RESOURCE <CRIX.O> IN VENTURE","body":"<Bechtel Corp> said it has formed a\njoint venture with Control Resource Industries Inc called\nBechtel-Control Asbestos Management Inc to perform large-scale\nasbestos abatement projects.\n Reuter\n\u0003","date":"19-OCT-1987 08:26:13.33","places":["usa"]},"21488":{"title":"INTELLICORP <INAI.O> 1ST QTR SEPT 30 LOSS","body":"Shr loss nine cts vs loss 12 cts\n    Net loss 649,000 vs loss 850,000\n    Revs 5,059,000 vs 4,084,000\n    Avg shrs 7,041,000 vs 6,900,000\n    NOTE: Current year net includes charge 152,000 dlrs from\namortization of previously capitalized software costs.\nCapitalized product development costs 276,000 dlrs vs 640,000\ndlrs.\n Reuter\n\u0003","date":"19-OCT-1987 08:25:58.86","topics":["earn"],"places":["usa"]},"21489":{"title":"OWENS AND MINOR INC <OBOD.O> 3RD QTR NET","body":"Shr 36 cts vs 36 cts\n    Shr diluted 34 cts vs 31 cts\n    Net 1,679,000 vs 1,418,000\n    Sales 147.2 mln vs 121.5 mln\n    Avg shrs 4,608,000 vs 3,963,000\n    Avg shrs diluted 5,585,000 vs 5,463,000\n    Nine mths\n    Shr 1.04 dlrs vs 86 cts\n    Shr diluted 93 cts vs 77 cts\n    Net 4,387,000 vs 3,393,000\n    Sales 420.3 mln vs 338.7 mln\n    Avg shrs 4,233,000 vs 3,948,000\n    Avg shrs diluted 5,564,000 vs 5,468,000   \n Reuter\n\u0003","date":"19-OCT-1987 08:25:27.06","topics":["earn"],"places":["usa"]},"21490":{"title":"TRINOVA CORP <TNV> 3RD QTR NET","body":"Shr 52 cts vs 43 cts\n    Net 17.7 mln vs 14.2 mln\n    Sales 413.1 mln vs 361.6 mln\n    Avg shrs 34.3 mln vs 30.3 mln\n    Nine mths\n    Oper shr 1.58 dlrs vs 66 cts\n    Oper net 53.9 mln vs 26.7 mln\n    Sales 1.22 billion vs 1.08 billion\n    Avg shrs 33.5 mln vs 35.2 mln\n    NOTE: 1986 nine mths net includes 20.6 mln dlr provision\nfor restructuring but excludes 85.0 mln dlr gain on sale of\ndiscontinued glass business and 1,330,000 dlr gain from\ndiscontinued operations.\n    Quarter orders 350.2 mln dlrs vs 296.7 mln dlrs.  Backlog\n507.6 mln dlrs vs 444.4 mln dlrs.\n Reuter\n\u0003","date":"19-OCT-1987 08:25:06.13","topics":["earn"],"places":["usa"]},"21491":{"title":"LUX FRANC BOND MARKET STALLED BY BELGIAN CRISIS","body":"The thriving market in Luxembourg\nfranc bond issues has been temporarily stalled by the Belgian\ngovernment crisis which has put the franc under pressure and\nforced up interest rates, banking sources said.\n    On Monday, King Baudouin accepted the resignation of\nBelgian Prime Minister Wilfried Martens' coalition and asked\nhim to try to form a new government.\n    Because of the crisis, Banque Generale du Luxembourg SA\n(BGL) has delayed a public issue for one billion Luxembourg\nfrancs, originally scheduled for the end of last week, BGL\ndirector Robert Sharfe said.\n    He said the issue would probably go ahead later this week.\n    It is likely there will be an upward adjustment in interest\nrates on Luxembourg franc bond private placements, banking\nsources said. However, no new placements are scheduled for\nanother 10 days.\n    The latest issue last Friday for Swedish Export Credit Corp\n(SEK) carried a coupon of 7-1/2 pct, whereas in previous issues\nthe interest was set lower at 7-3/8 pct.\n    Interest rates on the Luxembourg franc, which is in parity\nwith the Belgian franc, are strongly affected by Belgian rates.\n    On Friday, Belgium increased the rate on three-month\nTreasury certificates by 0.5 pct to 7.15 pct as the Belgian\nfranc came under pressure.\n    Private placements in Luxembourg francs have become\nincreasingly popular, particularly with Scandivanian borrowers,\nbecause they carry a relatively low interest rate.\n    Private investors also have flocked to buy Luxembourg franc\nbond issues because the franc was seen as a fairly strong\ncurrency.\n REUTER\n\u0003","date":"19-OCT-1987 08:22:10.28","topics":["interest"],"places":["luxembourg","belgium"]},"21492":{"title":"NBC NEWS SAYS U.S. HAS RETALIATED AGAINST IRAN","body":"U.S. television networks said on\nMonday that U.S. forces launched a retaliatory strike against\nIran late Sunday, apparently attacking two Iranian offshore oil\ndrilling platforms.\n    NBC News said it understood six Iranians had been pulled\nfrom the sea.\n    It said cautiously that U.S. forces attacked late Sunday\nand that two Iranian oil platforms east of Bahrain were ablaze\nas a result, but CBS News and other networks said flatly that\nU.S. forces attacked the Iranian oil platforms.\n    U.S. officials had been meeting on a response since Friday\nwhen an attack on a Kuwaiti port severely damaged a\nU.S.-flagged ship.\n    President Reagan said on Sunday he had already made a\ndecision on the U.S. response to Friday's Iran attack but would\nnot say what the decision was.\n    Defense Secretary Caspar Weinberger said on Saturday the\nattack on a U.S.-flagged ship in Kuwaiti waters on Friday was\nalmost certainly by an Iran Silkworm missile.\n Reuter\n\u0003","date":"19-OCT-1987 08:21:26.28","topics":["crude","ship"],"places":["usa","iran"]},"21493":{"title":"THAI TRADERS PLAN MAIZE FUTURES MARKET","body":"Thai traders plan to establish a company\nto regulate maize forward trading, in what could be a first\nstep towards a commodities futures exchange, maize dealers\nsaid.\n    Traders and Internal Trade Department officials agreed last\nweek to commission a study on a structure to regulate maize\nforward trading and to set up a company, Thailand Commodity\nExchange Co Ltd, with 30 businesses as shareholders who will\nact as brokers in the futures market.\n    Chanthong Pattamapong, a commodities trader asked to to\ndraw up the study, said if the maize futures market succeeds it\nmay be extended to other commodities, perhaps sugar and rubber.\n REUTER\n\u0003","date":"19-OCT-1987 08:20:05.62","topics":["grain","corn","sugar","rubber"],"places":["thailand"]},"21494":{"title":"U.S. TELELVISION NETWORKS SAY THE U.S. LAUNCHED A STRIKE AGAINST IRAN\n","date":"19-OCT-1987 08:17:50.04","places":["iran"]},"21495":{"title":"TRINOVA CORP 3RD QTR SHR 52 CTS VS 43 CTS\n","date":"19-OCT-1987 08:10:24.60"},"21496":{"title":" Bundesbank buys 11.7 mln dlrs as dollar fixed lower at 1.7740 marks\n","date":"19-OCT-1987 08:04:50.36","topics":["money-fx","dlr","dmk"]},"21497":{"title":"INDIAN RESERVE BANK TIGHTENS CREDIT POLICY","body":"The Reserve Bank of India said it was\ntightening its credit policy for commercial banks by raising\ntheir cash reserve ratio by 0.5 pct to 10 pct, effective from\nOctober 24.\n    The move, announced last weekend, is part of the bank's\npolicy for the second half of fiscal 1987/88 ending March and\nis aimed at curbing excess bank liquidity.\n    The central bank also put selective controls on bank\nadvances to the oilseeds, vegetable oils and foodgrains trades.\n    \"The policy's main objective is to fully meet the credit\nrequirements of agriculture, industry and exports, while\npreventing excessive monetary expansion,\" bank Governor R.N.\nMalhotra told an earlier meeting of chief executives of banks.\n    Malhotra said the rate of monetary expansion must be kept\nunder control in the second half of the current financial year.\n    Bank deposits rose 75.40 billion rupees in the first six\nmonths of fiscal 1987/88 against 66.92 billion in the same\nperiod last year, according to the bank.\n    Bankers said the bank's move to raise the cash reserve\nratio by 0.5 pct will mean impounding about five billion rupees\nfrom the banking system. Banks' total deposits are estimated at\naround 1,000 billion rupees.\n    They said banks are under pressure because of low returns\non commercial lending and investments in government securities.\n    \"Already many banks are finding it difficult to maintain\ntheir statutory liquidity and cash reserve ratios and are\nresorting to heavy inter-bank borrowings,\" said one banker.\n REUTER\n\u0003","date":"19-OCT-1987 08:04:47.58","topics":["oilseed","veg-oil"],"places":["india"]},"21498":{"title":"MALAYSIAN POLICE DENY RACE RIOT RUMOURS","body":"Malaysian police denied rumours of\nrace riots in Kuala Lumpur after an armed man killed one person\nand injured two others in an attack on two petrol stations in a\nracially-sensitive area of the city.\n    A police statement broadcast over official Radio Malaysia\ncalled on the public not to listen to the rumours and go about\ntheir normal business.\n    \"Everything is under control. It's only a small matter and\nthere is no cause for alarm,\" a police spokesman told Reuters\nafter confirming the shooting on Sunday night.\n\n    However, rumours that riots had broken out hit the stock\nmarket and shares on the Kuala Lumpur Stock Exchange fell\nacross the board in heavy nervous selling when the market\nopened this morning, brokers said.\n    Police said they cordoned off the district of Chow Kit and\nset up road blocks from midnight after the man, armed with a\nrifle, killed one Malay and injured another Malay and a\nChinese. He set fire to one of the petrol stations.\n\n REUTER\n\u0003","date":"19-OCT-1987 08:03:15.27","places":["malaysia"]},"21499":{"title":" French bourse main session 7.25 pct down in early trading - dealers\n","date":"19-OCT-1987 08:01:51.64"},"21500":{"title":"PUMA FIRST-HALF LOSS ABOUT 14 MLN MARKS","body":"Puma AG Rudolf Dassler Sport <PUMA.F> said\nit posted a 1987 first-half group loss of about 14 mln marks,\nof which the largest portion was in the U.S.\n    Managing board chairman Armin Dassler told the annual\nshareholders' meeting parent company turnover was expected to\nfall to 650 mln marks over the whole year from 698.4 mln in\n1986.\n    No comparative figure for 1986 first half group loss was\navailable. In the whole of 1986 Puma posted a group\nconsolidated loss of 41.05 mln marks.\n    Dassler said Puma hoped to improve performance in the U.S.\nThis year, where heavy losses were mainly responsible for the\n1986 deficit.\n    He said Puma expected to post a group loss in the second\nhalf of this year but the shortfall would be lower than in the\nfirst half. The same applied to expected parent company losses,\nhe added.\n    Dassler said Puma had taken measures to improve future\nperformance.\n    Dassler said the measures included changing Puma's  \nproduct range, closing down some unprofitable factories in West\nGermany and France and introducing general cost-cutting.\n    He said Puma hoped to break even in 1988 in the U.S., Its\nmost important export market.\n    Dassler said a personal payment he would make to\nshareholders instead of a 1986 dividend was a goodwill gesture\nwhich would not be repeated.\n    Dassler said the payment to holders of Puma's 280,000\nnon-voting preference shares would amount to about 1.2 mln\nmarks, or 4.50 marks per share.\n    Armin Dassler and his brother Gerd hold all of Puma's\n720,000 ordinary voting shares. They offered the preference\nshares to the public in July last year.\n    Dassler said shareholders would benefit if Puma improved\nperformance next year. He did not elaborate.\n    Dassler said he and his brother were planning to leave the\nmanaging board and join the supervisory board.\n    He said he was leaving for health reasons and because he\nwanted to make way for a new chairman from outside the company.\nHis successor has not been made known yet.\n    Dassler said today's meeting was expected to approve\nManfred Emcke as Puma's new supervisory board chairman,\nreplacing Vinzenz Grothgar.\n REUTER\n\u0003","date":"19-OCT-1987 07:57:00.04","places":["west-germany"]},"21501":{"title":"PENTAGON HAS NO INFORMATION ON IRAN ATTACK RUMORS","body":"A U.S. Defense Department spokesman\nsaid he had no information on London oil and stock market\nrumors that the United States had launched a retaliatory strike\nagainst Iran for an attack on Friday that damaged a U.S. shi\n    \"I don't have anything,\" Major Randy Morger said. \"I have no\ninformation at all.\"\n    President Reagan said on Sunday he had already made a\ndecision on the U.S. response to Friday's Iran attack but would\nnot say what the decision was.\n    Defense Secretary Caspar Weinberger said on Saturday the\nattack on a U.S.-flagged ship in Kuwaiti waters on Friday was\nalmost certainly by an Iran Silkworm missile.\n    Some of the rumors in the London markets were that the\nUnited States had launched an offshore strike against Iranian\nmissile installations.\n Reuter\n\u0003","date":"19-OCT-1987 07:55:51.33","topics":["ship"],"places":["usa","iran"]},"21502":{"title":"SOUTH YEMEN PLANS OIL EXPORT PIPELINE - MEES","body":"South Yemen is planning a major oil\npipeline system to be completed in 18-months time to start\nexports at a initial rate of 100,000 barrels per day, (bpd) the\nMiddle East Economic Survey (MEES) said.\n    MEES said government approval for the export pipeline\nfollowed a visit to Aden by a high ranking delegation from the\nSoviet Union, which will help South Yemen construct the line\n    The engineering studies for the pipeline are nearly\nfinished and construction is expected to start early next year,\nthe industry newsletter said.\n    The pipeline will run about 170-200 kms (105-125 miles)\nfrom Shabwa oilfields to a coastal terminal at Bir 'Ali on the\nGulf of Aden, MEES said.\n     MEES said the Soviet firm Technoexport, which is\ndeveloping oilfileds for South Yemen, has substantially\nincreased its initial reserve estimates and recommended a\npipeline with an eventual 500,000 bpd capacity.\n    The discovery of commercial quaotities of oil was confirmed\nby Technoexport earlier this year in three structures in the\nShabwa region in the Northwestern part of the country, 200 kms\neast of North Yemen's Alif oilfield.\n REUTER\n\u0003","date":"19-OCT-1987 07:54:36.82","topics":["crude"],"places":["yemen-demo-republic","cyprus"]},"21503":{"title":"TRAFALGAR HOUSE BUYS U.S. BUILDER FOR 20 MLN DLRS","body":"Trafalgar House Plc <TRAF.L> said it has\nacquired the entire share capital of <Capital Homes Inc> of the\nU.S. For 20 mln dlrs in cash.\n    Capital Homes builds single family homes in the Washington\nD.C. Area and is also active as a land developer both for its\nown use and for sale to other builders.\n    In the financial year to end February, 1987, Capital\nrecorded pre-tax profits of 3.7 mln dlrs on a turnover of 58\nmln dlrs from the sale of 421 homes. Capital has a land bank of\nsome 2,600 units and in the current year the company expects to\nsell 500 homes, Trafalgar House said.\n REUTER\n\u0003","date":"19-OCT-1987 07:47:05.18","topics":["acq"],"places":["usa","uk"]},"21504":{"title":"SPRINT II ISSUES 35 MLN DLR REPACKAGED FLOATER","body":"Sprint II, a special purpose corporation\nbased in the Cayman Islands, is issuing 35 mln dlrs of floating\nrate bonds due November 6, 1992 and priced at 100.10, said Fuji\nInternational finance Ltd as lead manager.\n    The bonds are backed by a pool of 48.7 mln dlrs of Japanese\nex-warrant bonds. The bonds are priced to yield 20 basis points\nover the six month London Interbank Offered Rate. They are\navailable in denominations of 100,000 dlrs and are payable on\nNovember 6. There is a seven basis point management and\nunderwriting fee, an eight basis point selling concession and a\ntwo basis point praecipuum.\n REUTER\n\u0003","date":"19-OCT-1987 07:43:24.90","places":["uk"]},"21505":{"title":" French main session bourse opening delayed 15 minutes by order volume - dealers\n","date":"19-OCT-1987 07:37:01.78"},"21506":{"title":"KUWAITI OIL EXPORTS SAID NOT AFFECTED BY GULF WAR","body":"Kuwait's oil exports have not been\naffected by the seven-year Iran-Iraq war, Kuwait Oil Tanker\nCompany (KOTC) Chairman and Managing Director Abdul Fattah\nal-Bader told a Kuwaiti newspaper.\n    \"Kuwait has exploited all available opportunities to\ncontinue exporting its oil without any reduction,\" the Al-Anbaa\nnewspaper quoted him as saying.\n    He said KOTC made profits of more than two mln dinars\n(seven mln dlrs) in the fiscal year ending last June, but\npredicted lower profits this year due to higher costs for\nchartering and operating vessels.\n REUTER\n\u0003","date":"19-OCT-1987 07:31:26.17","topics":["crude","ship"],"places":["kuwait"]},"21507":{"title":"TOYOTA, VW CONSIDER UPPING JOINT PROCUREMENT RATE","body":"Toyota Motor Corp <TOYO.T> and Volkswagen\nAG <VOWG.F> are considering raising the local procurement rate\nat their West German joint venture to at least 60 pct from an\nearlier planned 50 pct after one year's output, a Toyota\nspokesman said.\n    The two carmakers agreed last June to start jointly\nproducing a Toyota-designed light truck at VW's Hanover plant\nfrom early 1989 at a rate of 7,000 to 8,000 the first year,\nrising to 15,000 from 1990.\n    They may equip the light truck with a Volkswagen-made\nengine to reach a local procurement rate of 60 pct, he said.\n\n    The two companies need to raise the value of locally\nprocured parts to 60 pct to avoid tariffs when they export to\nother European markets, industry sources said.\n\n REUTER\n\u0003","date":"19-OCT-1987 07:30:11.26","places":["japan"]},"21508":{"title":"GERMAN FINANCIAL POLICY MAKERS IN RARE DISSENSION","body":"Karl Otto Poehl, head of West Germany's\ncentral bank, and Finance Minister Gerhard Stoltenberg are\nnormally so much in agreement that some foreigners doubt the\ncentral bank's independence.\n    But a rare public row between the ebullient Poehl,\npresident of the Bundesbank, and Stoltenberg, over a\ncontroversial investment tax proposal, has added to the woes of\nthe country's already nervous financial markets, bankers said.\n    Poehl told an investment symposium in Frankfurt last\nThursday he feared the tax would raise borrowing costs and\ninterest rates\n    Stoltenberg quickly issued a statement rebutting Poehl's\ncriticism, saying West Germany would remain an attractive place\nfor foreign investors.\n    \"The obvious lack of coordination between the Bundesbank and\nFinance Ministry does not instil confidence in foreign\ninvestors,\" said one economist for a London broker, who asked\nnot to be identified.\n    Bankers here expressed confidence the two top financial\npolicy-makers would quickly patch up their relationship to\nsteer the economy through a particularly difficult time.\n    \"There are plenty of objective pressures which will result\nin things getting back to normal again after a period of ill\nfeeling,\" said Commerzbank AG chief economist Juergen Pfister.\n    News on October 9 that the government was planning a 10 pct\nwithholding tax wiped billions of marks off shares and bonds in\na market already reeling from rising interest rates at home and\nabroad.\n    Bankers said the Bundesbank was angered by the way the\nfinance ministry announced the plan -- without consulting the\nBundesbank adequately, and allowing apparently conflicting\ndetails to dribble out into an unprepared and uncertain market.\n    Both Poehl, 57, and Stoltenberg, 59, have been under\nextraordinary pressures lately.\n    Poehl has had to switch to the hard line promoted by his\ndeputy, Helmut Schlesinger, jacking up interest rates to fight\ninflationary fears and abandoning the pragmatic policies he had\npursued so far this year to promote currency stability.\n    In recent statements Poehl has sounded more like\nSchlesinger. For years the softly-spoken economist has been\nwarning in speech after speech that excessive money supply\ngrowth would eventually lead to rising prices.\n    Schlesinger now has a majority of support in the Bundesbank\ncouncil, and since late summer Poehl has had to represent his\nviews, bankers said.\n    \"Poehl is in a minority in his own house,\" said Commerzbank's\nPfister.\n    \"Poehl is in a dilemma. He must follow a policy that is not\nentirely his own,\" said another economist.\n    The dilemma is that if German interest rates rise too far,\nthey will attract funds into the country, pushing up the mark\nand hurting West German exporters.\n    The dollar has now shed some seven pfennigs since the\nBundesbank's new tack became clear in early October.\n    Since last Thursday, United States Treasury Secretary James\nBaker has criticized the Bundesbank rate increases.\n    Bankers said this could foreshadow a revival of the 1986\nwar of words between the U.S. And West Germany, in which U.S.\nOfficials talked down the dollar to force West Germany to\nstimulate its economy and thus suck in more U.S. Exports.\n    One way West Germany agreed to do this was making a round\nof tax cuts worth 39 billion marks from 1990.\n    But financing these tax cuts has proved more difficult for\nStoltenberg than he had bargained for.\n    The cool, unflappable northerner, who was regularly voted\nmost popular government politician last year, had to face\nresistance from local barons in the government coalition\nparties and from trade unions to his planned subsidy cuts.\n    The withholding tax was intended to plug one gap by raising\n4.3 billion marks.\n    But it has caused an outcry among bankers, who say it will\npush up borrowing costs. The extra amount this costs the\ngovernment could wipe out the revenue the tax brings in.\n    Meanwhile Stoltenberg is dealing with a local political row\nwhich has turned into the country's worst political scandal.\n    Stoltenberg had to leave monetary talks in Washington last\nmonth early to sort out a row in the northern state of\nSchleswig-Holstein, where he heads the ruling CDU party.\n    The state's CDU premier, Uwe Barschel, had to resign after\nallegations of a \"dirty tricks\" election campaign led to heavy\nlosses for the CDU in state elections.\n    Barschel was found dead in a hotel bath in Geneva last\nweekend. Police say the death appears to have been suicide.\n    Cooperation between Poehl and Stoltenberg is all the more\nremarkable as Poehl is in the opposition Social Democrats, and\nwas appointed by former chancellor Helmut Schmidt.\n    When Poehl's contract came up for renewal earlier this\nyear, Chancellor Helmut Kohl's CDU-led coalition government\ngave Poehl another eight-year term.\n    Werner Chrobok, managing partner at Bethmann Bank, said he\nhoped the two men would soon be of one opinion again.\n    But when Poehl criticized Stoltenberg's tax plans he was\nnot only voicing what many bankers felt but demonstrating the\nBundesbank's independence of government, Chrobok said.\n REUTER\n\u0003","date":"19-OCT-1987 07:25:22.85","topics":["money-fx","interest"],"places":["west-germany"]},"21509":{"title":"FLETCHER CHALLENGE SETS PRICE FOR BONUS SHARES","body":"Fletcher Challenge Ltd <FLTC.WE> (FCL)\nannounced a striking price of 5.89 N.Z. Dlrs a share for\nshareholders who have elected to receive bonus shares under its\ndividend reinvestment plan.\n    It said in a statement the price was determined by taking\n90 pct of the weighted average prices of ordinary shares sold\non the New Zealand Stock Exchange between October 12 and 19.\n    FCL shares were quoted from Monday as ex-dividend and\nclosed at 6.10 dlrs.\n\n REUTER\n\u0003","date":"19-OCT-1987 07:24:56.01","places":["new-zealand"]},"21510":{"title":"PAPERS SAY VENEZUELAN CENTRAL BANK CHIEF TO RESIGN","body":"Venezuelan Central Bank President Hernan\nAnzola has submitted his resignation and asked President Jaime\nLusinchi to transfer him to a post in the oil industry, two\nleading Venezuelan newspapers reported.\n    The El Universal and El Nacional papers said Anzola would\nleave his position soon. Lusinchi already has decided on his\nsuccessor, the El Nacional reported.\n    Central Bank officials were not available for comment.\n\n    Banking sources said Anzola differed with the Finance\nMinistry over economic policy, particularly over the direction\nof interest rates. He favoured raising the rates, which are\ncurrently well below the annual inflation rate of 33.2 pct.\n    But the sources said he ran into opposition from Finance\nMinistry and government officials who thought an interest\nincrease would fuel inflation.\n\n REUTER\n\u0003","date":"19-OCT-1987 07:24:26.16","topics":["money-fx","interest"],"places":["venezuela"]},"21511":{"title":" Bundesbank adds money market liquidity at 3.70-3.80 pct -dealers\n","date":"19-OCT-1987 07:20:44.69","topics":["interest","money-fx"]},"21512":{"title":"BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS","body":"French Finance Minister Edouard Balladur\nissued a firm call for the continued faithful application of\nthe Louvre accords on currency stability by all major\nindustrial countries.\n    Balladur, responding to weekend remarks by U.S. Treasury\nSecretary James Baker that the U.S. Would take another look at\nthe accords, said \"I firmly desire a faithfull and firm\nadherence by all the major industrial countries to the Louvre\naccords -- in both their letter and spirit.\"\n    On Sunday, Baker said last week's rise in short-term West\nGerman interest rates was not in keeping with the accords.\n\n    The Louvre accords, agreed in Paris last February, called\nfor stability among the major currencies after a prolonged\ndollar slide.\n    The accords were reaffirmed by the Group of Seven Finance\nMinisters in Washington last month.\n    But Baker said at the weekend that the West German rate\nrise was \"not in keeping with the spirit of what we agreed to.\"\n    \"What I'm really saying is that they should not expect us to\nsimply sit back here and accept increased tightening on their\npart on the assumption that somehow we are going to follow\nthem,\" he added.\n\n REUTER\n\u0003","date":"19-OCT-1987 07:20:42.85","topics":["money-fx"],"places":["france","west-germany","usa"]},"21513":{"title":"HYUNDAI AUTO CANADA TO RAISE 100 MLN DLR LOAN","body":"<Hyundai Auto Canada Inc>, a unit of\nSouth Korea's Hyundai Motor Co <HYUN.SE>, is expected to award\nChemical Asia Ltd a mandate later this week to arrange a 100\nmln U.S. Dlr loan, banking sources said.\n    The nine-year loan will carry interest of 1/4 point over\nthe London interbank offered rate. No other details were\navailable.\n    A Chemical spokesman declined comment.\n\n REUTER\n\u0003","date":"19-OCT-1987 07:18:19.65","places":["hong-kong"]},"21514":{"title":"BELGIAN KING SEEN ACCEPTING GOVERNMENT RESIGNATION","body":"King Baudouin is expected to accept the\nresignation of Belgian Prime Minister Wilfried Martens's\ncentre-right coalition government after last-ditch talks failed\nto solve a language row, state-run RTBF radio said.\n    The King could ask Martens or another political leader to\nput together a new government or to form a caretaker\nadministration with elections at the end of November or in\nearly December.\n    The King has so far withheld a decision on whether to\naccept the resignation last Thursday of Martens's coalition of\nDutch and French speaking parties over the linguistic conflict.\n\n    Martens has used the breathing space to try to put together\na compromise solution but RTBF and the Belgian news agency\nBelga said leading ministers ended their talks early on Monday\nmorning without agreement.\n    \"The resignation of the government will no doubt be accepted\nby the King in the near future,\" RTBF said.\n    The King has no formal deadline for announcing his decision\nbut has been widely expected to do so on Monday.\n\n Reuter\n\u0003","date":"19-OCT-1987 07:17:27.87","places":["belgium"]},"21515":{"title":"WILLIAMS HOLDINGS SEEKS MULTIPLE FACILITY","body":"<Williams Holdings Plc> said it has\nmandated Barclays de Zoete Wedd Ltd to arrange a 100 mln stg\nmultiple option facility on a committed basis.\n    The facility will be fully underwritten and have a maturity\nof five years, which can be extended by the borrower under an\nevergreen option.\n    The facility will also include a tender panel for short\nterm sterling acceptances or multi-currency cash advances.\n    Drawings under the committed standby will be at a margin of\n0.10 pct per annum and banks will receive an underwriting fee\nof 0.0625 pct.\n    The facility will have a utilisation fee of 0.025 pct if\nmore than 25 pct is drawn.\n    Banks are being invited to join the facility at 10 mln stg\nfor 0.05 pct and at five mln stg for 0.04 pct. There will be a\nrenewal fee of 0.01 pct under the evergreen option.\n REUTER\n\u0003","date":"19-OCT-1987 07:16:19.69","places":["uk"]},"21516":{"title":"MAIN UGANDA-KENYA ROAD REOPENS AS REBELS DISPERSE","body":"The main road between Kampala and the\nKenya border, Uganda's most important trade artery, reopened to\ncivilian traffic on Saturday after rebels who closed it on\nFriday disappeared back into the bush, travellers said.\n    The government's National Resistance Army (NRA) closed the\nroad on Friday after the rebel Holy Spirit Movement of\npriestess Alice Lakwena reached a village on the road, said.\nBut by the time NRA reinforcements arrived the rebels had\ndisappeared into thick forest. The road and a parallel railway\nline, which closed last weekend, carry 90 pct of Uganda's\nforeign trade to the Kenyan port of Mombasa.\n REUTER\n\u0003","date":"19-OCT-1987 07:15:42.79","places":["uganda"]},"21517":{"title":"IRAN WARNS U.S. AGAINST RAISING TENSION IN GULF","body":"Iran warned the United States on Monday\nagainst exacerbating the Gulf crisis, saying it would endanger\nAmerican interests.\n    Tehran Radio, monitored by the British Broadcasting\nCorporation, said a spokesman for Iran's War Information\nHeadquarters was responding \"to U.S. Officials' remarks about\ntaking military action against Iran.\"\n    The radio also quoted an Iranian Foreign Ministry spokesman\nas saying Iran would respond decisively to any aggressive\nmeasure by the United States.\n    The radio said the spokesman made the statement \"following\nthe attack on a Kuwaiti ship under the U.S. Flag and comments\nby American officials on carrying out retaliatory action\nagainst Iran.\"\n    The spokesman said, \"Any U.S. Military aggression against\nIran will certainly be the beginning of an extensive clash in\nthe Persian Gulf, and amidst this our principled policy is to\nconfront any act which escalates tension.\"\n REUTER\n\u0003","date":"19-OCT-1987 07:15:31.90","topics":["ship"],"places":["cyprus","usa","iran"]},"21518":{"title":" Leading German shares open roughly eight pct lower on Frankfurt bourse - dealers\n","date":"19-OCT-1987 07:07:22.58"},"21519":{"title":"NORWAY'S CURRENT ACCOUNT IN DEFICIT","body":"Norway's current account showed a 9.9\nbillion crown deficit for the first seven months of 1987,\nagainst a 19.7 billion crown deficit for the same year-ago\nperiod, the Central Bureau of Statistics said.\n    North Sea oil and gas revenues rose 3.4 pct to 32.6 billion\ncrowns in the January to July period compared with 31.5 billion\nin the first seven months of 1986. REUTER\n\u0003","date":"19-OCT-1987 06:58:33.34","topics":["bop"],"places":["norway"]},"21520":{"title":"Paribas shares slump 12 pct to 363.30 francs on Paris bourse - dealers\n","date":"19-OCT-1987 06:55:59.97"},"21521":{"title":"BONN MINISTRY HAS NO COMMENT ON BAKER REMARKS","body":"The West German Finance Ministry declined to\ncomment on weekend criticism by U.S. Treasury Secretary James\nBaker of recent West German interest rate increases.\n    Baker said the U.S. Would re-examine the February Louvre\nAccord to stabilise currencies reached by leading industrial\ndemocracies. The rise in West Germany short term interest rates\nwas not in the spirit of an agreement by these nations in\nWashington, which reaffirmed the Louvre pact, he said.\n    A Finance Ministry spokesman, asked for an official\nministry reaction to Baker's remarks, said he could make no\ncomment.\n REUTER\n\u0003","date":"19-OCT-1987 06:55:06.78","topics":["money-fx"],"places":["west-germany","usa"]},"21522":{"title":"SINGAPORE'S RAFFLES CITY SIGNS 500 MLN DLR NIF","body":"<Raffles City Pte Ltd> said it signed a\n10 year note issuance facility (NIF) on Monday to raise 500 mln\nSingapore dlrs.\n    Proceeds of the issue would enable Raffles City to tap\ncheaper funds from the market to refinance its existing\nborrowings, a press statement said.\n    The NIF is lead managed by two major local banks, the\nDevelopment Bank Of Singapore Ltd and the Overseas Chinese\nBanking Corp.\n REUTER\n\u0003","date":"19-OCT-1987 06:54:39.85","places":["singapore"]},"21523":{"title":"ANIMAL FEED SHIP ON FIRE AGAIN AT CHINESE PORT","body":"The Cyprus vessel Fearless, 31,841 tonnes\ndw, which was on fire, grounded then towed to Yantai, China, in\nAugust, had all its cargo reloaded but the cargo in the no. 3\nhold caught fire on October 15.\n    The fire was put out with salt water and water from the\nno.4 hold has spread over most of the cargo. Some water is also\nin the no.5 hold. Bottom patching was reported complete but\nonly the no.4 starboard wing tank has been pumped out and\nremains dry. The engine room is flooded to about three metres.\n    The ship was originally loaded with 10,000 tonnes of animal\nfeed.\n REUTER\n\u0003","date":"19-OCT-1987 06:54:34.09","topics":["ship"],"places":["uk","china"]},"21524":{"title":"FINNISH STATE LAUNCHES BONDS FOR BILLION MARKKA","body":"The Finnish State launched two bonds\ntotalling one billion markka with loan periods of 10 years and\nfive years and annual interest rates of 7.75 and 7.25 pct\nrespectively.\n    The bonds sell concurrently until the total is reached and\nnominal values are 25,000 markka, 10,000 markka, 5,000 markka\nand 1,000 markka, the Finance Ministry said.\n    It was decided with the banks the rates should be 0.25 pct\nless than the eight and 7.5 pct rates respectively of 10-year\nand five-year bonds launched by the State on August 17, a\nMinistry statement said.\n REUTER\n\u0003","date":"19-OCT-1987 06:54:18.53","places":["finland"]},"21525":{"title":"HIGHER SPENDING EXPECTED IN MALAYSIA'S 1988 BUDGET","body":"Malaysia's recovery from the worst\nrecession in 20 years should receive a boost on Friday when the\ngovernment announces a reflationary budget for calendar 1988\nafter seven years of austerity, economists said.\n    \"Our country is walking on one leg now,\" said Ismail Salleh,\nan economist with the Institute of Strategic and International\nStudies. \"It has to depend on public sector investment for\nfaster growth if the private sector is not moving.\"\n    Gross domestic product grew one pct in 1986 after shrinking\none pct in 1985. The fiscal year ends December 31.\n    The government has said it expects 1987 growth to be under\ntwo pct but some analysts believe it will be nearer three pct\nbecause prices for commodity exports have risen sharply.\nMalaysia is a leading exporter of rubber, palm oil, tin and\nsemiconductors and a major producer of cocoa, timber and oil.\n    The government slashed development spending to 9.8 billion\nringgit this year from 14.5 billion in 1986.\n    Economists said unemployment is expected to exceed 10 pct\nin 1988 against about 9.5 pct this year.\n    Local investment also has stagnated, with businessmen\nblaming inconsistent economic policies and lack of incentives.\n    One businessman said too many politicians give the\nimpression that Malaysia was unstable.\n    \"If we can take care of investment confidence, the potential\nto recover strongly is great,\" a banker said.\n    Malaysia's 1987 current account is expected to be in the\nblack with the Central Bank projecting a 500 mln ringgit\nsurplus compared with last year's 1.2 billion ringgit deficit.\n    The government has said its fiscal policies will balance\nthe budget by 1989. The deficit in 1986 was 952 mln ringgit.\n    The government will also repay some of its external debt,\nwhich stood at 51 billion ringgit at the end of 1986.\n    Political leaders have said the budget will not hurt\nordinary people as taxes on basic food and other essential\ngoods are unlikely to change.\n    Businessmen said they hope the government also will cut the\ncorporate tax, now between 45 and 48 pct, to enable Malaysia to\ncompete for investors with neighbouring states.\n REUTER\n\u0003","date":"19-OCT-1987 06:52:50.08","topics":["gnp","jobs","bop"],"places":["malaysia"]},"21526":{"title":"BRITISH BAUXITE VESSEL GROUNDED IN ORINOCO RIVER","body":"Lloyds Shipping Intelligence service said\nthe British bulk carrier Envoy, 75,453 tonnes dw, was grounded\nat Mile 190 in the Orinoco river on October 16.\n    The vessel was on a voyage from Trombetas, Brazil, to\nMatanzas, Cuba, carrying 50,000 tonnes of bauxite. Its draught\nwas 36 feet.\n     Attempts to refloat the vessel with the help of six tugs\nhave been unsuccessful. The owners are considering unloading\npart of the cargo onto barges.\n REUTER\n\u0003","date":"19-OCT-1987 06:51:30.20","topics":["alum","ship"],"places":["uk","cuba","brazil"]},"21527":{"title":"Amsterdam all-share index seven pct below Friday's close at 1015 GMT - official\n","date":"19-OCT-1987 06:46:08.13"},"21528":{"title":"London's FTSE 100 share index below 2,100 for first time since May\n","date":"19-OCT-1987 06:26:55.50"},"21529":{"title":"SWEDISH EXPORT CREDIT TO RAISE 300 MLN LUX FRANCS","body":"Swedish Export Credit Corp (SEK) is\nraising 300 mln Luxembourg francs through a three year private\nplacement, lead manager Banque Generale du Luxembourg SA said.\n    The bullet, non-callable issue carries a coupon of 7-1/2\npct and is priced at 100-1/4.\n    Payment date is October 28 and coupon date is October 29.\n REUTER\n\u0003","date":"19-OCT-1987 06:22:26.98","places":["luxembourg"]},"21530":{"title":"CHINA FORECASTS 397 MLN TONNES GRAIN HARVEST","body":"China expects its 1987 grain harvest to be\n397 mln tonnes, eight mln tonnes short of its target, the New\nChina News Agency quoted a State Statistical Bureau spokesman\nas saying.\n    The harvest will be China's second highest in history but\npoor weather and low incentives for grain-producing farmers\nhave kept yields down, earlier Chinese press reports said.\n    Industry sources expect China to import at least 10 mln\ntonnes of grain this year because of the harvest shortfall.\n    Chinese customs figures showed grain imports of 9.59 mln\ntonnes in the first eight months of 1987, compared with 6.09\nmln in the same 1986 period.\n    Agriculture Minister He Kang said last month state prices\nfor grain purchase from growers were to be adjusted to increase\nthe incentive for grain production.\n    China could not afford to become a major food importer, he\nsaid.\n    The State Statistics Bureau spokesman also said China's\n1987 cotton output was expected to rise 10 pct over 1986 to 390\nmln tonnes.\n REUTER\n\u0003","date":"19-OCT-1987 06:21:33.89","topics":["grain","cotton"],"places":["china"]},"21531":{"title":"Swiss stock index drops six pct or 69.3 points at opening to 1,089.3 - official\n","date":"19-OCT-1987 06:16:38.26"},"21532":{"title":"PHILIPPINE INFLATION PREDICTED TO RISE","body":"The Philippine 1987 inflation rate will\nrise to 4.8 pct from 0.74 pct in 1986 if the government\nimplements an employers' association recommendation for a 10\npct increase in the 54 peso minimum daily wage this month,\nEconomic Planning Secretary Solita Monsod said.\n    The government's own proposal for an across-the-board daily\npay rise of six pesos for non-agricultural workers and eight\npesos for agriculture workers, would push the full year average\nhigher to 5.4 pct, she told the Senate last week.\n    The 10 pct rise in the minimum wage is recommended by the\nEmployers Confederation of the Philippines (ECOP).\n    The ECOP proposal would push the year-on-year inflation\nrate to 11.6 pct in December compared with the predicted 14.4\npct if the government's recommendation is implemented, Solita\nsaid. Both were proposed last month.\n    Annual inflation for 1987 was forecast at four to 4.5 pct\nby the National Economic and Development Authority early this\nmonth.\n    In the first three months of the year, inflation was a\nnegative 0.5, 0.6 and 0.7 pct respectively, rising to 1.0, 2.5\nand 4.6 pct in April May and June, the National Statistics\nOffice said.\n    The annual inflation rate rose to 5.8 pct in June, 6.2 pct\nin July and 6.15 and 6.188 pct in August and September\nrespectively, the National Statistics Office said.\n    It attributed the acceleration to higher fuel and water\nprices.\n    The government's six and eight peso wage increases would\ndisplace up to 20,000 workers, Monsod said, bringing the number\nof unemployed to 4.2 mln or 19.2 pct of the population.\n REUTER\n\u0003","date":"19-OCT-1987 06:13:16.68","topics":["cpi"],"places":["philippines"]},"21533":{"title":"ELECTRICTE DE FRANCE ISSUES 15 BILLION YEN BOND","body":"Electricite de France is issuing a 15\nbillion yen bond due November 1994 paying interest at 1/16 over\nthe six month London Interbank Offered Rate, said IBJ Capital\nMarkets Ltd as lead manager.\n    The bonds, which are priced at par, will be listed on the\nLuxembourg Stock Exchange. Payment is set for November 20 and\nthey are callable in May 1989. The bonds are guaranteed by the\nRepublic of France.\n    Fees are 12 basis points for management and underwriting\nand 13 basis points as a selling concession. There is a three\nbasis point praecipuum.\n REUTER\n\u0003","date":"19-OCT-1987 06:08:25.85","places":["uk"]},"21534":{"title":"BPCC PROPOSES CANCELLATION OF PREFERENCE SHARES","body":"British Printing and Communication\nCorporation Plc <BPCL.L> has proposed the cancellation of all\nits preference shares in return for cash payments totalling\n14.8 mln stg.\n    BPCC said in a statement, \"In view of the enlarged ordinary\nshare capital and the improved financial position of the\ncompany, the Board considers that the relatively small amount\nof preference share capital now represents capital in excess of\nthe company's wants.\"\n    Shareholder approval will be sought at a meeeting on\nNovember 10.If granted, court confirmation will be required.\n REUTER\n\u0003","date":"19-OCT-1987 05:54:34.70","places":["uk"]},"21535":{"title":"VOLKSKAS BANK SEES RAND HINGING ON INFLATION RATE","body":"South Africa must drive down its\ninflation rate to much lower levels to prevent a further\ndecline in the rand, said Volkskas Bank in its monthly economic\nreview.\n    The bank said that without a major drop in the inflation\nrate, the rand was bound to eventually decrease even more,\nregardless of a sharp rise in the gold price.\n    Inflation is running at an annual rate of some 17 pct and\nthe rand is around 49.53 U.S. Cents. Most economists estimate\ncontinued high inflation.\n    Volkskas predicted the rand will remain fairly steady for\nthe rest of 1987 and then ease slightly next year.\n REUTER\n\u0003","date":"19-OCT-1987 05:49:55.18","topics":["money-fx","rand"],"places":["south-africa"]},"21536":{"title":"SOVIET SUGAR CONSUMPTION UP AS HOME BREWING GROWS","body":"A sharp rise in Soviet sugar consumption\nsince the start of the Kremlin's anti-alcohol drive indicates\nhome brewing is costing the state 20 billion roubles in lost\nvodka sales, Pravda said.\n    The Communist Party newspaper said sugar sales had\nincreased by one mln tonnes a year, enough to be turned into\ntwo billion bottles of moonshine.\n    At current vodka prices of 10 roubles a bottle, it said,\nthis meant illicit alcohol consumption had reached the\nequivalent of 20 billion roubles a year, or annual revenues\nfrom vodka sales before the May 1985 anti-alchohol decree.\n    \"Official statistics show a reduction in consumption of\nvodka, but this is a deceptive statistic -- it does not count\nhome-brew,\" Pravda said.\n    \"The epidemic first engulfed the villages and has now also\nfirmly settled into cities, where the availability of natural\ngas, running water and privacy has made it much easier.\"\n    Kremlin leader Mikhail Gorbachev launched the anti-alcohol\ncampaign shortly after taking office in March 1985 as a first\nstep to improving Soviet economic performance, which had been\nseriously hurt by drunkenness among the working population.\n REUTER\n\u0003","date":"19-OCT-1987 05:48:23.29","topics":["sugar"],"places":["ussr"]},"21537":{"title":"LONDON GOLD 1030 FIX - OCT 19 - 479.50 DLRS\n","date":"19-OCT-1987 05:38:46.57"},"21538":{"title":"EQUITICORP HOLDING IN GUINNESS REACHES 59.93 PCT","body":"Equiticorp Holdings Ltd <EQUW.WE> now owns\nor has received acceptances representing 59.93 pct of the\nissued ordinary share capital of Guinness Peat Group Plc\n<GNSP.L>, Equiticorp said in a statement.\n    Equiticorp's offer for Guinness Peat became unconditional\non October 3, when it had 50.6 pct, and closed on October 17.\n REUTER\n\u0003","date":"19-OCT-1987 05:34:35.71","topics":["acq"],"places":["uk"]},"21539":{"title":"BANKS EXTEND TRADING HALT IN LEBANESE POUND","body":"Lebanon's Bankers Association said it\nextended its suspension of trading in the Lebanese pound for\ntwo more working days to study ways to stem the currency's\ncollapse.\n    The Central Bank did not post the rate of the pound to the\ndollar and other currencies on Monday. The pound closed on\nThursday at 407.00/412.00 to the dollar compared with\nWednesday's close of 384.00/386.00.\n    Association sources told Reuters Friday's suspension of\ntrading for two working days was continued on Monday for two\nmore days so as to study proposals to reinforce the pound.\n    The Association, which comprises 106 commercial banks in\neast and west Beirut, halted trading on Friday in a chaotic\nmarket after the pound crashed to four record lows in the week.\n    The pound, hit by the inability of Lebanon's religiously\nand ideologically divided government to end 12 years of civil\nwar, has lost more than 80 pct of its international value this\nyear.\n REUTER\n\u0003","date":"19-OCT-1987 05:26:17.45","topics":["money-fx"],"places":["lebanon"]},"21540":{"title":"FRENCH MATIF SUSPENDS QUOTATIONS FOR ONE HOUR UNTIL 1000 GMT -- OFFICIAL\n","date":"19-OCT-1987 05:23:26.57"},"21541":{"title":"STATOIL PLACES NORTH SEA VESLEFRIKK FIELD ORDERS","body":"Den Norske Stats Oljeselskap A/S (Statoil)\n<STAT.OL>, operator on Norway's North Sea Veslefrikk oil field,\nhas placed field development contracts totalling 1.5 billion\ncrowns with two domestic yards, the company said in a\nstatement.\n    Moss Rosenberg Verft, a subsidiary of Kvaerner Industrier\nA/S <KVIO.OL> won a 1.2 billion crown contract to convert\nStatoil's semisubmersible rig West Vision to a floating\nproduction platform and to build the deck for a separate, fixed\nwell-head platform to be placed on the field, it said.\n    Statoil said Aker Verdal, a unit of Aker Norcem A/S\n<AMVO.OL>, won a 300-mln crown contract to design and build the\nwell-head platform's 10,000-tonne steel substructure, to stand\nin 150 metres of water next to the converted rig.\n    Statoil said using a floating production unit rather than a\nfixed platform would cut construction time, enabling field\npartners to bring Veslefrikk on stream in late 1989 -- several\nmonths earlier than previously planned.\n    Veslefrikk, with estimated recoverable reserves of 258 mln\nbarrels oil and 140 billion cubic feet gas, is located 145 km\nwest of Bergen.\n    Statoil estimates the field's total development cost,\nincluding drilling, at 6.6 billion crowns. Planned daily output\nis 65,000 barrels oil and 35 mln cubic feet gas.\n    Veslefrikk's oil will be landed via the nearby Oseberg\nfield pipeline at the Sture crude terminal near Bergen. Its gas\nwill be fed into the Statpipe line, which gathers gas from\nNorway's Statfjord, Gullfaks and Oseberg fields.\n    Partners on the field are Statoil, the operator, with a 55\npct share, <Unocal Norge A/S> (18 pct), <Deminex (Norge) A/S>\n(13.5 pct), Norsk Hydro A/S <NHY.OL> (nine pct) and <Svenska\nPetroleum AB> (4.5 pct).\n REUTER\n\u0003","date":"19-OCT-1987 05:15:24.35","topics":["crude"],"places":["norway"]},"21542":{"title":"LOUVRE ACCORD STILL IN EFFECT, JAPAN OFFICIAL SAYS","body":"The Group of Seven (G-7) industrial nations\nstill comply with last February's Louvre accord to stabilize\ncurrencies, a senior Bank of Japan official said.\n    And U.S. Treasury Secretary James Baker's remarks at the\nweekend indicating the need to revise it do not herald a lower\nrange for the dollar, other senior officials from the Bank of\nJapan and Finance Ministry agreed in interviews.\n    \"The exchange market is apparently reacting too much, and\nanyone who sold the dollar on the Baker comment will regret it\nlater on,\" the Bank of Japan official told Reuters.\n    The Bank official said Baker did not mean to talk the\ndollar down. A lower dollar would harm the U.S. Economy, he\nnoted.\n    A Finance Ministry official who was directly involved in\nmonetary talks with other nations also said the U.S. Would\nnever attempt to lower the reference range for the dollar\nagainst the mark or the yen.\n    The market assumes the dollar reference range to be between\n140-150 yen and between 1.70 and 1.90 marks.\n    The dollar closed in Tokyo today at 1.7730/35 marks and\n141.35 yen.\n    \"Behind Baker's remark was U.S. Frustration over higher\ninterest rates abroad, especially in West Germany, but this\ndoes not represent its readiness to scrap the basic framework\nof the Louvre accord,\" the Finance Ministry official said.\n    He said that on the contrary Baker wanted to avoid any\nfurther rise in U.S. Interest rates because it would not only\nhurt the U.S. Economy but aggravate the Third World debt\nproblem.\n    Higher U.S. Interest rates would merely raise their\ninterest payment burden and depress U.S. Stock and bond markets\nfurther, the monetary officials said.\n    Both the ministry and central bank officials, who declined\nto be named, noted the U.S. No longer wants to see a further\ndecline of the dollar because that could also fan inflationary\nexpectations in the U.S.\n    \"That's why Baker did not fail to add that the Louvre\nagreement is still operative,\" the senior ministry official\nsaid.\n    Baker said in a U.S. Television interview on Sunday that\nWashington would reexamine the Louvre accord because of West\nGermany's increase in short-term interest rates.\n    The market at first interpreted this as indicating the U.S.\nWould be ready to scrap the Louvre accord and let the dollar\ndecline further unless surplus countries, notably West Germany,\ntry harder to stimulate their economies as pledged in the\naccord, foreign exchange dealers said.\n    But the market on reflection also noted Baker's additional\nstatement that \"the Louvre agreement is still operative,\" and\nthis caused some dollar short-covering in Tokyo today, the\ndealers said.\n    Uncertainty, however, remained the flavour of the day in\nTokyo currency markets.\n    The Japanese monetary officials said Baker's undisguised\npressure on West Germany to refrain from guiding interest rates\nhigher may be part of a process of multilateral surveillance,\nor international economic policy coordination.\n    The G-7, comprising the U.S., Japan, West Germany, Britain,\nFrance, Italy and Canada, have agreed to monitor each other's\neconomic policies and from time to time apply \"peer pressure\" to\npersuade others to change their policies to a desired course,\nthey noted. \"Without such a basic agreement of multilateral\nsurveillance, Baker would never have criticized the West German\npolicy so openly,\" the ministry official said.\n    The U.S.-West German squabble over Bonn's monetary policy\nshould thus be regarded as a process of healthy policy\ncoordination and not as any indication of a possible collapse\nof the Louvre agreement, the official said.\n    He also said Japan has not received any specific request\nfrom the U.S. On its monetary policy, although its short-term\nmoney rates have been edging higher.\n    \"This is because we, unlike the Germans, are not taking\npolicy to guide interest rates higher, and the marginal rate\nrise in recent days is primarily for seasonal reasons,\" he\nadded.\n REUTER\n\u0003","date":"19-OCT-1987 04:51:52.40","topics":["money-fx","dlr","yen","dmk"],"places":["japan","usa","uk","west-germany","france","italy","canada"]},"21543":{"title":"LOUVRE ACCORD STILL IN EFFECT, SENIOR BANK OF JAPAN OFFICIAL SAYS\n","date":"19-OCT-1987 04:43:19.79"},"21544":{"title":"First share quotations on Paris bourse more than 3.5 pct lower - dealers\n","date":"19-OCT-1987 04:39:33.69"},"21545":{"title":"BANK OF JAPAN TO SELL 800 BILLION YEN IN BILLS","body":"The Bank of Japan will sell 800 billion yen\nin bills from its holdings on Tuesday to help absorb a\nprojected money market surplus of 470 billion yen and recycle\n400 billion in bills maturing then, money market traders said.\n    Of the total, 400 billion yen will yield 3.8512 pct on\nsales from money houses to banks and securities houses through\n29-day repurchase agreements maturing on November 17. These are\naimed at meeting a projected cash shortage on that day, when\nthe government floats 1.95 mln shares in Nippon Telegraph and\nTelephone Corp. The other 400 billion will yield 3.9006 pct\nthrough 44-day repurchase accords maturing on December 2.\n    The operation will bring the supply of bills outstanding to\nabout 3,200 billion yen.\n REUTER\n\u0003","date":"19-OCT-1987 04:38:02.75","places":["japan"]},"21546":{"title":"NORSK DATA A/S SEES LOWER 1987 PROFITS","body":"Norwegian computer company Norsk Data A/S\n<NORK.OL> said weak sales outside of Europe have forced it to\nlower its 1987 pre-tax profit forecast by 100 mln crowns and\nits expected 1987 sales figure by about 150 mln crowns.\n    Norsk Data said in August it expected to show a pre-tax\nprofit of between 550 and 600 mln crowns this year.\n    The sales figure was lowered after it became clear sales in\nNorth America and India would not match earlier predictions,\nthe company said in a statement, adding: \"It is ... Doubtful\nthat this discrepancy can be compensated by a corresponding\nextra increase in its European business.\"\n    The company said its sales in Europe remained strong,\nhowever, and were expected to grow by 25 to 35 pct in 1987.\n    Norsk Data in August dropped a planned issue of new\nnon-voting shares in the United States, Norway and other\ncountries because of unfavourable market conditions.\n    The move was seen by Oslo and London securities analysts as\na sign the company's rapid growth years might be over.\n    Norsk Data showed a 177.9 mln crown pre-tax profit for the\nfirst six months of 1987, up six pct from the year-ago figure\nof 168 mln. Its 1986 pre-tax profit before year-end allocations\nwas 475 mln crowns against 364 mln in 1985.\n REUTER\n\u0003","date":"19-OCT-1987 04:24:26.16","places":["norway"]},"21547":{"title":"ABE TIPPED TO BE NEXT JAPANESE PRIME MINISTER","body":"No clear indication has emerged of the\nvictor in the race to succeed Prime Minister Yasuhiro Nakasone\nbut political analysts said it was becoming more likely that\nformer foreign minister Shintaro Abe would be chosen.\n    A decision on which of the three contenders would be picked\nwas expected late today or early on Tuesday, they said.\n    Japanese political leaders held a flurry of closed-door\nmeetings today and the three candidates called on Nakasone, who\nis due to step down late this month, to mediate to break the\ndeadlock.\n    The other candidates are Finance Minister Kiichi Miyazawa\nand former Finance Minister Noboru Takeshita.\n    They are vying for the post of president of the ruling\nLiberal Democratic Party (LDP), who is automatically prime\nminister by virtue of the party's parliamentary majority.\n    The new LDP president will be named formally at a party\nconvention on October 30 and elected prime minister by\nparliament, probably on November 6, LDP sources said.\n    Nakasone, 69, is due to retire on October 31 after five\nyears in the post, an exceptionally long term by Japanese\nstandards.\n    Takeshita, who is head of the party's largest faction, had\nsteadfastly opposed the idea of seeking Nakasone's help, but he\ntold reporters: \"It is possible Nakasone will be given carte\nblanche (for selection of his successor).\"\n    One political analyst, who declined to be identified, said\nNakasone, despite a personal preference for Miyazawa, is likely\nto choose Abe as the best candidate for steering Japan through\nits international problems and maintaining party unity. Abe\nalso would also accept Nakasone's influence, he said. Analysts\nsaid one of Nakasone's prime aims is to retain as much power as\npossible following his retirement.\n    Takeshita, the early favorite because of the size of his\nfaction, is viewed by many politicians and analysts as being\nunsuitable for the post of prime minister because of his lack\nof international experience.\n    The analysts said Nakasone also was very unlikely to\nsupport Takeshita's bid because of the differences in their\npolitical styles.\n REUTER\n\u0003","date":"19-OCT-1987 04:24:18.61","places":["japan"]},"21548":{"title":"Norsk Data lowers 1987 pre-tax profit forecast by 100 mln crowns\n","date":"19-OCT-1987 04:22:10.12"},"21549":{"title":"TDK SALES RISE ON ELECTRONIC PARTS SALES","body":"TDK Corp <TDK.T> said its sales rose 3.6\npct in the three months ended August 31 due to better sales of\nelectronic materials and components, which grew 9.2 pct\ncompared with the same period of 1986.\n    Net profit gained only 0.5 pct due to lower interest income\nand exchange losses which depressed non-operating income, it\nsaid. It earlier reported net up to 4.20 billion from 4.18\nbillion in the year earlier period after sales up to 95.96\nbillion from 92.59 billion. The proportion of overseas sales to\ntotal sales fell to 45.2 pct from 45.6 pct a year earlier due\nto lower tape sales to North America.\n REUTER\n\u0003","date":"19-OCT-1987 04:18:04.32","places":["japan"]},"21550":{"title":"CABLE AND WIRELESS DETAILS MERGER OF H.K. UNITS","body":"Cable and Wireless Plc <CAWL.L> said it\nwill merge its Hong Kong Telephone Co Ltd <TELH.HK> and <Cable\nand Wireless (Hong Kong) Ltd> units into a new holding firm to\nbe called <Hong Kong Telecommunications Ltd>.\n    Under the merger, H.K. Telephone shareholders will receive\ntwo H.K. Telecommunication shares at a par value of 50 H.K.\nCents for each H.K. Telephone share at par of one dlr.\n    H.K. Telephone shareholders other than the Cable and\nWireless group will receive warrants on a one-for-five basis\nentitling them to acquire from Cable and Wireless Plc within\nfive years one H.K. Telecom share at 10 dlrs each.\n    The Cable and Wireless Plc group now holds some 70 pct of\nH.K. Telephone. It also owns 80 pct of Cable and Wireless (Hong\nKong), while the Hong Kong government holds the balance.\n    Trading in H.K. Telephone shares was suspended on October\n15. The shares last traded at 19.30 dlrs.\n REUTER\n\u0003","date":"19-OCT-1987 04:15:29.90","topics":["acq"],"places":["hong-kong"]},"21551":{"title":"TDK GROUP NET UP 17.6 PCT IN NINE MONTHS","body":"Nine months ended August 31\n    Group shr 118.66 yen vs 100.89 yen\n    Group shr per ADS 237.32 vs 201.78\n    Net 14.28 billion vs 12.14 billion\n    Pretax 34.48 billion vs 29.45 billion\n    Sales 288.08 billion vs 278.50 billion\n    Company's full name is TDK Corp <TDK.T>.\n REUTER\n\u0003","date":"19-OCT-1987 04:09:25.77","topics":["earn"],"places":["japan"]},"21552":{"title":"FTSE 100 share index opens 136.9 points down at 2,165 - London Stock Exchange\n","date":"19-OCT-1987 04:07:27.64"},"21553":{"title":"TDK GROUP NET UP 0.5 PCT IN THREE MONTHS TO AUGUST","body":"Third quarter ended August 31\n    Group shr 34.92 yen vs 34.74\n    Group shr per ADS 69.84 vs 69.48\n    Net 4.20 billion vs 4.18 billion\n    Pretax 10.30 billion vs 9.73 billion\n    Sales 95.96 billion vs 92.59 billion\n    Company's full name is TDK Corp <TDK.T>\n REUTER\n\u0003","date":"19-OCT-1987 04:05:47.06","topics":["earn"],"places":["japan"]},"21554":{"title":"FTSE 100 share index opens 136.9 points down at 2,165 - London Stock Exchange\n","date":"19-OCT-1987 04:05:14.77"},"21555":{"title":"CABLE AND WIRELESS TO MERGE TWO H.K. UNITS INTO NEW TELECOMMUNICATION OPERATION\n","date":"19-OCT-1987 03:59:38.96","topics":["acq"]},"21556":{"title":"BALLADUR INSISTS ON MAINTENANCE OF LOUVRE ACCORDS","body":"French Finance Minister Edouard Balladur\nissued a firm call for the continued faithful application of\nthe Louvre accords on currency stability by all major\nindustrial countries.\n    Balladur, responding to weekend remarks by U.S. Treasury\nSecretary James Baker that the U.S. Would take another look at\nthe accords, said \"I firmly desire a faithfull and firm\nadherence by all the major industrial countries to the Louvre\naccords -- in both their letter and spirit.\"\n    On Sunday, Baker said last week's rise in short-term West\nGerman interest rates was not in keeping with the accords.\n    The Louvre accords, agreed in Paris last February, called\nfor stability among the major currencies after a prolonged\ndollar slide.\n    The accords were reaffirmed by the Group of Seven Finance\nMinisters in Washington last month.\n    But Baker said at the weekend that the West German rate\nrise was \"not in keeping with the spirit of what we agreed to.\"\n    \"What I'm really saying is that they should not expect us to\nsimply sit back here and accept increased tightening on their\npart on the assumption that somehow we are going to follow\nthem,\" he added.\n REUTER\n\u0003","date":"19-OCT-1987 03:57:42.34","topics":["money-fx"],"places":["france"]},"21557":{"title":"RUBBER STOCK MANAGER SAYS QUALITY ACCEPTABLE","body":"International Rubber Organisation\n(INRO) buffer stock manager Aldo Hofmeister said tests had\nshown the quality of rubber in stock was acceptable, but\nacknowledged that some consumers were now wary of buying it.\n    \"We have said all along that the rubber is holding up well\nfrom a condition and quality standpoint...Rubber stored in\nproper conditions does not deteriorate,\" he told Reuters in a\ntelephone interview. The quality of buffer stock rubber sold\nsince he entered the market in September would be discussed at\nan INRO Council meeting which opened here today, he said.\n    Tokyo traders said on Friday they had little interest in\nbuying rubber from the INRO buffer stock because of possible\npoor quality.\n    Hofmeister began selling rubber when prices exceeded the\n\"may-sell' level of 232 cents per kg early last month. INRO's\nfive-day moving average was quoted at 237.3 cents on October\n16. He said the quality of five to six-year old rubber in stock\nwas uppermost in consumers' minds.\n    \"We have received good interest for the rubber. I understand\nthe Japanese concern. Many consumers want to try the rubber\nbefore they carry on buying,\" he said.\n    Hofmeister said INRO rubber was stored in 28 different\nlocations in producing and consuming nations, adding all\nwarehouses used were suitable for long-term storage.\n    Selling of buffer stock rubber had levelled off during the\npast week to 10 days and this could reflect a \"wait and see\nattitude\" by buyers, he said.\n    \"Consumers are holding back from buying additional amounts\nuntil they test out the rubber. If their tests are positiive,\nthey are likely to buy more.\" Hofmeister said he could reduce\nthe offer price of buffer stock rubber to stimulate interest\nbut INRO did not want to depress prices artificially.\n    Hofmeister declined to comment on Japanese trade estimates\nthat he had sold around 30,000 to 32,000 tonnes in Kuala Lumpur\nand New York since September.\n    But he said Japanese traders were in a position to have an\nidea of the quantity he had sold, noting that traders overall\nhad put buffer stock sales at between 25,000 and 35,000 tonnes.\n    The question of sales from the original 360,000 tonne\nbuffer stock is expected to be the main topic of the Council\nmeeting which is scheduled to end on Thursday.\n    The current international rubber pact expires on October\n22.\n    The deadline for the new pact's start is January 1989 and\nHofmeister has been mandated to continue selling rubber during\nthe interim period.\n REUTER\n\u0003","date":"19-OCT-1987 03:50:41.47","topics":["rubber"],"organisations":["inro"],"places":["malaysia"]},"21558":{"title":"FRONTIER AIRLINES SEEKS FASTER CLAIM SETTLEMENT","body":"Continental Airlines Inc said\nFrontier Airlines, which it bought last year, has sought\napproval from the U.S. Bankruptcy court here to pay up to 1.9\nmln dlrs in employee medical, dental and other benefit claims\non an expedited basis.\n    Continental is itself owned by Texas Air Corp <TEX>.\n    Some 1.2 mln dlrs of the claims would be paid directly to\nformer Frontier employees for medical expenses incurred prior\nto, and immediately after, Fronter filed for bankrupcty and\nceased operations in August last year.\n REUTER\n\u0003","date":"19-OCT-1987 03:29:19.78","places":["usa"]},"21559":{"title":"HONG KONG'S HANG SENG STOCK INDEX LOSES 400 POINTS IN LATE AFTERNOON\n","date":"19-OCT-1987 03:12:52.19"},"21560":{"title":"NIPPON SHINPAN TO ISSUE CREDIT CARD WITH MASTERCARD","body":"Nippon Shinpan Co Ltd <NSHT.T> has agreed\nwith <Mastercard International> to issue a new credit card\ncalled Nippon Shinpan-Master Joint Card for use in Japan and\nabroad, a Nippon Shinpan spokesman said.\n    The card, to be issued within the year, will be honoured at\nMastercard-affiliated outlets in 160 countries and at locations\naccepting the Nippon Shinpan card, he said.\n    Nippon Shinpan reached a similar agreement with <Visa\nInternational> on September 29.\n REUTER\n\u0003","date":"19-OCT-1987 02:56:28.56","places":["japan"]},"21561":{"title":"ECONOMIST URGES MORE TAXES TO LOWER N.Z. DOLLAR","body":"An income tax surcharge and capital\ngains tax could bring about an urgently needed depreciation of\nthe N.Z. Dollar, independent economist Len Bayliss said.\n    Bayliss, a former economist with the Reserve Bank and the\nBank of New Zealand, said a major depreciation is needed to\nrestore export competitiveness even if inflation is cut by\ncurrent government policies.\n    The taxes would help cut the budget deficit, which in turn\nwould lower the value of the N.Z. Dollar, he said in a speech.\nHe added that the deficit for the year ending March 1988 could\nbe much higher than the government's 1.3 billion dlr forecast.\n    Since the government was unlikely to cut expenditure as a\npercentage of gross domestic product, a major tax increase was\nprobably unavoidable, Bayliss said.\n    He would have preferred an increase in the 10 pct\nvalue-added goods and services tax, introduced in October 1986,\nbut that would have had a short-term inflationary impact.\nImport tariffs should be lowered to minimise the inflationary\nimpact of a currency depreciation.\n    The government had failed to bring inflation down despite\nlower oil prices and an appreciation in the currency, he added.\n    New Zealand's inflation rate was 16.9 pct in the year to\nend-September against 18.9 pct in the year to end June.\n    The major deficiency in the government's anti-inflation\npolicies was reliance on high interest and exchange rates and\ninsufficient emphasis on reducing the budget deficit, Bayliss\nsaid. The government had also failed to reduce overseas debt\nand debt ratios and cut the balance of payments deficit.\n    \"The widespread belief that (New Zealand's) problems are\ngoing to take much longer to solve than was originally thought\nis soundly based -- primarily because the government's\nmacro-economic policies have been unsuccessful,\" Bayliss said.\n REUTER\n\u0003","date":"19-OCT-1987 02:35:59.87","topics":["money-fx","nzdlr"],"places":["new-zealand"]},"21562":{"title":"PHILIPPINE TRADE GAP WIDENS IN JANUARY-AUGUST","body":"The Philippines' trade deficit widened to\n542 mln dlrs in the eight months to end-August from 159 mln\ndlrs in the same 1986 period, the National Statistics Office\nsaid.\n    It said exports in the eight-month period rose to 3.58\nbillion dlrs from 3.18 billion in 1986, while imports rose to\n4.12 billion dlrs from 3.34 billion a year earlier.\n    The country's trade deficit totalled 202 mln dlrs in 1986.\n REUTER\n\u0003","date":"19-OCT-1987 02:30:11.36","topics":["trade"],"places":["philippines"]},"21563":{"title":"IRAN PRESIDENT DOUBTS U.S. ACTION AGAINST IRAN","body":"Iranian President Ali Khamenei said he\ndoubted the U.S. Was in position to take violent action against\nIran in the Gulf, Tehran Radio reported.\n    The U.S. Government \"is in a very difficult situation now\nand it is not clear if it has the necessary elements for a\nviolent action,\" the radio quoted him as saying in an interview\nwith the English language daily Tehran Times.\n    In Washington, President Ronald Reagan said he had decided\non a response to Iran, which the Americans blame for two\nmissile attacks on U.S.-related tankers in Kuwaiti waters last\nweek, but declined to say what the response was.\n    Khamenei said the U.S. Government had to take some action\nto demonstrate its authority, \"but on the other hand any violent\nact in the Persian Gulf will greatly harm long-term U.S.\nInterests,\" the radio, monitored in Nicosia, reported.\n    On efforts for a ceasefire in the Iran-Iraq war, Khamenei\nsaid: \"Declaration of the aggressor and a ceasefire should be\nconcurrent. Formation of a panel to determine the aggressor\nnecessarily preceeds the ceasefire.\"\n    He also rejected a peace-keeping committee or a buffer\nforce as instruments to implement a July 20 U.N. Security\nCouncil order for a ceasefire in the seven-year-old Gulf war.\n REUTER\n\u0003","date":"19-OCT-1987 02:25:17.02","places":["usa","iran"]},"21564":{"title":"Tokyo - Stock index closes 620.18 points lower at 25,746.56\n","date":"19-OCT-1987 02:13:27.13"},"21565":{"title":"NEW ZEALAND IMPOSES SANCTIONS AGAINST FIJI","body":"New Zealand has imposed sanctions\nagainst Fiji in response to that country's change of status to\na republic, acting prime minister Geoffrey Palmer said.\n    The sanctions will end all military cooperation and cut\neconomic aid. New Zealand will also not renew an agreement\nwhich supports the price of Fijian sugar when it expires in\nMarch. The loss of aid and sugar supports will cost Fiji about\n10 mln dlrs a year.\n    Palmer told reporters after a cabinet meeting that the\ngovernment had asked High Commissioner Rod Gates to return from\nSuva for discussions about other possible measures.\n    \"We won't be reacting further until these discussions with\nthe High Commissioner and the Prime Minister have been held,\"\nPalmer said.\n    The sanctions were approved by the cabinet soon after\nColonel Sitivene Rabuka staged his second coup on September 25.\nImplementation was postponed in the hope that Rabuka might turn\nback from declaring a republic.\n    Palmer said the cabinet was happy with the statement from\nCommonwealth leaders in Vancouver that Fiji's membership of the\nCommonwealth had lapsed. Prime Minister David Lange is in\nHawaii on his way home from Vancouver.\n REUTER\n\u0003","date":"19-OCT-1987 02:12:21.49","topics":["sugar"],"places":["new-zealand","fiji"]},"21566":{"title":"JAPAN STARTS CONSIDERING NOVEMBER BOND COUPON","body":"The Ministry of Finance has started to\nconsider the coupon rate of the 10-year government bond issue\nfor November, a Ministry official said.\n    The underwriting syndicate may want a rise in the coupon\nrate by nearly one point from the current 4.9 pct, he said. But\nbond traders see a rise to about 5.6 pct as most likely.\n    Ministry officials will try to keep the rate low to meet\nU.S. Requests for maintenance of the interest rate differential\nbetween the U.S. And Japan, the Ministry official told Reuters.\n    Plans for an October issue were cancelled when the Ministry\nand the bond underwriting syndicate failed to reach agreement\non terms.\n    The underwriting syndicate will start negotiating with the\nFinance Ministry on the terms of the November issue after any\nchanges in the prime rate for November are decided, which\nshould be by the end of this week, an underwriting source said.\n    Cancellation of the November bond issue is not out of the\nquestion, he said, adding that negotiations are expected to be\ndifficult.\n REUTER\n\u0003","date":"19-OCT-1987 02:01:46.85","places":["japan","usa"]},"21567":{"title":"UGANDA PLANS TO EXPORT ROASTED COFFEE TO EUROPE","body":"Uganda plans to export roasted coffee to\nEurope by the end of 1988, a prominent local businessman said.\n    A.R. Sendi said on Sunday that Uganda's Ministry of\nIndustry supports his plan to build a factory to roast, grind\nand pack local coffee for export. Construction will start in\nDecember and the factory should be ready by next October.\n    He said the Marketing Ministry has authorised the Coffee\nMarketing Board to supply his company <Unipack> with 24,000\ntonnes of beans a year for processing and export. Sendi also\ntold reporters he had negotiated a 69.7 mln French franc loan\nfrom the Banque Industrielle d'Afrique Oriental in Paris.\n    Uganda is the world's fifth largest coffee producer, and\nexpects to produce about 200,000 tonnes this year.\n    Market sources say roasted coffee exports will benefit\nUganda's economy as they will not be included in the 2.38 mln\n(60 kg) bag export quota assigned to the country under the\nlatest International Coffee Agreement.\n    In addition, the value of roasted coffee should be\nsubstantially higher than that of unroasted beans, they said.\n    The U.S. Is the biggest buyer of Ugandan coffee, most of\nwhich is used to produce instant coffee.\n REUTER\n\u0003","date":"19-OCT-1987 01:54:58.65","topics":["coffee"],"places":["uganda"]},"21568":{"title":"IRAN, SOVIET UNION TO SWAP CRUDE, REFINED PRODUCTS","body":"The Soviet Union has agreed to supply\nIran with refined oil products in exchange for 100,000 barrels\nper day of crude, Iran's national news agency, IRNA, said.\n    IRNA, monitored in Nicosia, quoted Oil Minister Gholamreza\nAqazadeh as saying on his return to Tehran from Moscow that the\nagreement was part of a protocol on economic cooperation signed\nduring his visit. The amount of crude delivered to the Soviet\nUnion might double to 200,000 bpd later, he said.\n    Aqazadeh said the two sides agreed to conduct feasibility\nstudies for a pipeline to take Iranian crude from fields in\nsouthern Iran to the Black Sea through the Soviet Union.\n    Iran is pursuing the pipeline project to protect part of\nits oil exports from Iraqi air attacks in the Gulf.\n    Irna made no mention of natural gas exports to the Soviet\nUnion, which Aqazadeh had said would be discussed before he\nleft for Moscow.\n    Iran lost most of its refining capacity early in the Gulf\nwar and now imports several hundred thousand bpd of refined\nproducts.\n    Aqazadeh said Soviet refined products would be delivered at\nthe Caspian Sea ports of Anzali and Nowshahr, at Neka, near the\nCaspian, and at Jolfa in north-west Iran.\n REUTER\n\u0003","date":"19-OCT-1987 01:51:51.69","topics":["crude"],"places":["iran","ussr","cyprus"]},"21569":{"title":"NEW ZEALAND NON-FUEL IMPORT ORDERS RISE IN AUGUST","body":"Orders for non-fuel imports placed in\nAugust rose a seasonally adjusted 14.9 pct, compared with a 1.0\npct rise in July and a 3.1 pct rise in August 1986, according\nto a regular monthly restricted survey of private importers,\nthe Statistics Department said.\n    The Department said significant increases were shown in\norders for crude materials (up an unadjusted 83.9 pct in\nAugust), iron, steel and non-ferrous metals (21.1 pct), and\nmachinery and electrical equipment (19.3 pct).\n    Only the food and beverages group showed a significant\ndecrease with an 18.3 pct fall in August, it said.\n    The Statistics Department said mineral fuel orders rose\n29.6 pct in August compared with a 28.1 pct fall in July and a\n14.9 pct fall in August 1986.\n    The monthly survey covers about 40 pct of total merchandise\nimports on average.\n REUTER\n\u0003","date":"19-OCT-1987 01:45:38.39","places":["new-zealand"]},"21570":{"title":"THAI RICE EXPORTS RISE IN WEEK TO OCTOBER 13","body":"Thai rice exports rose to 72,987 tonnes\nin the week ended October 13 from 54,075 the previous week, the\nCommerce Ministry said.\n    It said the government and private exporters shipped 26,272\nand 46,715 tonnes respectively. Private exporters concluded\nadvance weekly sales for 106,640 tonnes against 98,152 the\nprevious week. The said it ministry expects at least 65,000\ntonnes in exports next week.\n    Thailand has shipped 3.43 mln tonnes of rice in the year to\ndate, down from 3.68 mln a year ago. It has commitments to\nexport another 388,390 tonnes this year.\n REUTER\n\u0003","date":"19-OCT-1987 01:38:14.08","topics":["grain","rice"],"places":["thailand"]},"21571":{"title":"N.Z.'S CHASE CORP MAKES OFFER FOR ENTREGROWTH","body":"Chase Corp Ltd <CHCA.WE> said it will\nmake an offer for all fully-paid shares and options of\n<Entregrowth International Ltd> it does not already own.\n    Chase, a property investment firm, said it holds 48 pct of\nEntregrowth, its vehicle for expansion in North America.\n    It said agreements are being concluded to give it a\nbeneficial 72.4 pct interest.\n    The offer for the remaining shares is one Chase share for\nevery three Entregrowth shares and one Chase option for every\nfour Entregrowth options. Chase shares closed on Friday at 4.41\ndlrs and the options at 2.38.\n    Entregrowth closed at 1.35 dlrs and options at 55 cents.\n    Chase said the offer for the remaining 27.6 pct of\nEntregrowth, worth 34.2 mln dlrs, involved the issue of 5.80\nmln Chase shares and 3.10 mln Chase options.\n    Chase chairman Colin Reynolds said the takeover would allow\nEntregrowth to concentrate on North American operations with\naccess to Chase's international funding base and a stronger\nexecutive team. He said there also would be benefits from\nintegrating New Zealand investment activities.\n    Chase said the offer is conditional it receiving accptances\nfor at least 90 pct of the shares and options.\n REUTER\n\u0003","date":"19-OCT-1987 01:35:27.64","topics":["acq"],"places":["new-zealand"]},"21572":{"title":"COMPETITION TOUGHENS FOR NEAR-SUPERCOMPUTERS","body":"An announcement by Alliant Computer\nSystems Inc <ALNT> of a new low-end near-supercomputer and <ETA\nSystems Inc>'s unveiling of a high-end machine in the same\ncategory show competition is stiff in this market, industry\nanalysts said.\n     Consultants said Alliant's new FX computer, aimed mainly\nat scientists and researchers will be priced between 100,000\nand 200,000 dlrs and will be faster than anything else in that\nprice range. But they said Alliant is trying to bring prices in\nline with discounts it now gives many of its customers.\n    \"(The new FX) is significant to the extent that it\nrepresents Alliant's recognition of the reality of the\nmarketplace,\" said a source who was briefed by Alliant on the\nnew computer. \"The list price is more in line with what they are\nseeing anyway.\"\n    Near-supercomputers, often called mini-supercomputers,\nresemble the massive supercomputers favoured by scientists but\nare much less expensive and a quarter as powerful.\n    Supercomputers cost well over one mln dlrs but\nmini-supercomputers are generally priced between 200,000 dlrs\nand one mln dlrs.\n    Most near-supercomputers use a new computer architecture\ncalled parallel processing, in which a problem is broken up\ninto segments and each segment assigned to a different\nprocessor. General-purpose mainframe computers have just one\nprocessor that works on one segment of a problem at a time,\nmaking them too slow for complex scientific problems.\n    Near-supercomputers have been in existence for only about\nfive years and the two leading manufacturers, Alliant and\nConvex Computer Corp (CNVX), held two of the most successful\ninitial public offerings last year.\n    But Alliant and Convex, a Texas company, are also facing\nsome 15 companies competing for between 200 and 250 mln dlrs in\nsales this year, and the result has been lower prices and\nshrinking profit margins.\n    Heavy discounting, slow acceptance outside the scientific\nmarket, lack of software and too many competitors also have\nmade analysts reassess prospects for near-supercomputers.\n    Jeffrey Canin, computer analyst with Hambrecht and Quist,\nsaid he just added a year to his original growth estimates for\nthe industry. He now expects sales to reach 1.1 billion dlrs in\n1991, instead of 1990.\n    In recent weeks both Alliant and Convex have said their\nthird quarter earnings would be reduced by \"competitive pricing\npressures.\"\n    Alliant said profits for the period will be about five\ncents a share against eight cents last year, although revenues\nfor the period rose to 14.2 mln dlrs from 8.6 mln.\n    Convex said third quarter earnings will be less than the\nsecond quarter's 12 cents a share while revenues will rise\nalmost eight mln dlrs over the 1986 third quarter to between 18\nand 18.5 mln dlrs.\n    Until now, most of the price discounting occurred at the\nbottom of the product line in near-supercomputers, but ETA\nSystem's announcement could start squeezing Convex and Alliant\nfrom the top, analysts said.\n    ETA, a subsidiary of Control Data Corp <CDC>, introduced\ntwo machines that are really full-blown supercomputers similar\nto those sold by Cray Research Inc, the world's biggest\nsupercomputer maker, but at half the price of Cray's cheapest\nmodel. The ETA-10 Model P costs 995,000 dlrs and the Model Q is\n1.2 mln dlrs.\n    ETA officials told a news conference the new machines may\nbe classified as supercomputers but they are aimed directly at\nthe upper end of the product lines from Alliant and Convex.\n    Acceptance of ETA's product could be hampered by lack of\nsoftware, analysts said, noting this is an issue that faces all\nparallel processor makers to some degree.\n    Because parallel processing is a new architecture that has\nyet to be widely used, third party software vendors have been\nslow to write programs for the near-supercomputers.\n    ETA, however, \"offers a low priced entry into supercomputers\nfor some customers,\" one consultant said.\n    Canin cautioned that \"the price pressures will continue for\nsome time\" and estimated that five percentage points have been\nknocked off the gross profit margins of both Convex and Alliant\nthis year by price discounting.\n    Next year, he said, the two companies will face a new set\nof problems as they both introduce their second generation of\nproducts. \"I am always cautious about the first major product\ntransition.\"\n REUTER\n\u0003","date":"19-OCT-1987 01:14:35.36","places":["usa"]},"21573":{"title":"TOKYO DEALERS SEE DOLLAR POISED TO BREACH 140 YEN","body":"Tokyo's foreign exchange market is watching\nnervously to see if the U.S. Dollar will drop below the\nsignificant 140.00 yen level, dealers said.\n    \"The 140 yen level is key for the dollar because it is\nconsidered to be the lower end of the reference range. If the\ncurrency breaks through this level, it may decline sharply,\"\nsaid Hirozumi Tanaka, assistant general manager at Dai-ichi\nKangyo Bank Ltd's international treasury division.\n    The dollar was at 141.10 yen at midday against Friday\ncloses of 142.35/45 in New York and 141.35 here.\n    The dollar opened at 140.95 yen and fell to a low of\n140.40. It was 1.7733/38 marks against 1.7975/85 in New York\nand 1.8008/13 here on Friday, after an opening 1.7700/10.\n    The currency's decline was due to remarks on Sunday by U.S.\nTreasury Secretary James Baker, dealers said.\n    \"The dollar fell over the weekend on increased bearish\nsentiment after Baker's comments,\" said Dai-ichi's Tanaka. He\nsaid this stemmed from mounting concern that cooperation among\nthe group of seven (G-7) industrial nations to implement the\nLouvre accord to stabilise currencies might be fraying.\n    The dollar's fall was also prompted by a record one-day\ndrop in the Dow Jones industrial average on Friday and weakness\nin U.S. Bond prices, dealers said.\n    Baker said the Louvre accord was still operative but he\nstrongly criticised West German moves to raise key interest\nrates. Operators took Baker's comment to indicate impatience\nwith some G-7 members for failing to stick to the Louvre accord\ndue to their fears of increasing inflation.\n    Rises in interest rates aimed at dampening inflationary\npressures also slow domestic demand.\n    West Germany and Japan had both pledged at G-7 meetings to\nboost domestic demand to help narrow the huge U.S. Trade\ndeficit, Tanaka said.\n    U.S. August trade data showed the U.S. Deficit at a still\nmassive 15.68 billion dlrs. But if West Germany raises interest\nrates, this would run counter to the pledge, he said.\n    \"Operators are now waiting to see if the G-7 nations\ncoordinate dollar buying intervention,\" said Soichi Hirabayashi,\ndeputy general manager of Fuju Bank Ltd's foreign exchange\ndepartment.\n    The target range set by the Louvre accord is generally\nconsidered to be 140.00 to 160.00 yen, dealers said.\n    \"The market is likely to try the 140 yen level in the near\nfuture and at that time, if operators see the G-7 nations\nfailing to coordinate intervention, they would see the Louvre\naccord as abandoned and push the dollar down aggressively,\"\nHirabayashi said. He said the U.S. Currency could fall as low\nas 135 yen soon.\n REUTER\n\u0003","date":"19-OCT-1987 00:59:58.56","topics":["money-fx","dlr","yen"],"places":["japan","west-germany","usa"]},"21574":{"title":"JAPAN/INDIA CONFERENCE CUTS GULF WAR RISK CHARGES","body":"The Japan/India-Pakistan-Gulf/Japan\nshipping conference said it would cut the extra risk insurance\nsurcharges on shipments to Iranian and Iraqi ports to a minimum\nthree pct from 4.5 pct on October 25.\n    It said surcharges on shipments of all break-bulk cargoes\nto non-Iraqi Arab ports would be reduced to 3.0 pct from 4.5.\n    A conference spokesman declined to say why the move was\ntaken at a time of heightened tension in the Gulf.\n REUTER\n\u0003","date":"19-OCT-1987 00:34:08.94","topics":["ship"],"places":["hong-kong","japan","india","pakistan","iran","iraq"]},"21575":{"title":"SOVIET INDUSTRIAL GROWTH/TRADE SLOWER IN 1987","body":"The Soviet Union's industrial output is\ngrowing at a slower pace in 1987 than in 1986 and foreign trade\nhas fallen, Central Statistical Office figures show.\n    Figures in the Communist Party newspaper Pravda show\nindustrial production rose 3.6 pct in the first nine months of\n1987 against 5.2 pct in the same 1986 period.\n    Foreign trade in the same period fell 3.6 pct from the 1986\nperiod as exports fell by 0.5 pct and imports dropped by 4.2\npct.\n    Foreign trade in the nine months totalled 94.2 billion\nroubles. Separate import and export figures were not given.\n    One factor affecting industrial growth was the introduction\nof a new quality control plan, Western economists said. Last\nyear's calculations of industrial output included all goods,\nirrespective of quality.\n    Under the new plan, introduced in line with Soviet leader\nMikhail Gorbachev's drive to modernise the economy, special\ninspectors have the right to reject goods they consider below\nstandard.\n    Pravda said 42 mln roubles worth of defective goods were\nrejected in the nine-month period.\n    The figures also showed that on October 1, there were more\nthan 8,000 cooperative enterprises employing over 80,000\npeople. More than 200,000 were employed in the private sector,\nPravda said, without giving comparative figures.\n    The promotion of the cooperative and private sectors of the\neconomy has been an important part of the modernisation\ncampaign, with measures introduced recently to allow the\nsetting up of small shops on a private basis.\n    Labour productivity rose 3.7 pct in the first nine months\nagainst 4.8 pct growth in January to September 1986.\n    But western economists said they treat Soviet productivity\nfigures with caution, as they are more broadly based than in\nthe West, which measures worker output over a given period.\n    Pravda said there were 283.8 mln people in the Soviet Union\nas of October 1. In the January to September 1987 period 118.5\nmln people were employed, a rise of 4.4 pct on the same period\nlast year. Average earnings were 200 roubles a month against\n194 roubles a year ago.\n REUTER\n\u0003","date":"19-OCT-1987 00:18:22.79","topics":["ipi"],"places":["ussr"]},"21576":{"title":"SIX KILLED IN SOUTH AFRICAN GOLD MINE ACCIDENT","body":"Six black miners have been killed\nand two injured in a rock fall three km underground at a South\nAfrican gold mine, the owners said on Sunday.\n    <Rand Mines Properties Ltd>, one of South Africa's big six\nmining companies, said in a statement that the accident\noccurred on Saturday morning at the <East Rand Proprietary\nMines Ltd> mine at Boksburg, 25 km east of Johannesburg.\n    A company spokesman could not elaborate on the short\nstatement.\n REUTER\n\u0003","date":"19-OCT-1987 00:05:11.26","topics":["gold"],"places":["south-africa"]},"21577":{"title":"PROJECTIONS SHOW SWISS VOTERS WANT TRIED PARTIES","body":"The prospect of a dominant alliance of\nsocialists and environmentalists ended as the Social Democrats\nbecame the biggest losers in Swiss parliamentary elections.\n    Projections by Swiss radio show the ruling centre-right\nalliance of Radical Democrats, Christian Democrats, Social\nDemocrats and the People Party will likely hold on to power.\n    Less than 48 pct of voters cast a ballot, a record low\nturnout. The moderate left-of-centre Social Democrats lost six\nof its previous 47 seats. The Green Party of Switzerland won 11\nseats in the 200-seat lower house, a rise of eight. But the\nGreen Alliance and other green groupings lost one seat.\n    The Radical Democrats, Christian Democrats, Social\nDemocrats and People Party are forecast to hold 159 seats, down\nseven from the last election in 1983, and 42 of the 46 seats in\nthe upper house, down one.\n    The projections showed the centre-right Radical Democrats\ndropping four seats to 50 in the lower house, although they\nwould remain the largest party.\n    The conservative Christian Democrats were seen losing one\nseat to 41, while the right-wing People's Party, despite\nforecast losses, added four to their previous 23 seats.\n REUTER\n\u0003","date":"19-OCT-1987 00:03:21.69","places":["switzerland"]},"21578":{"title":"AMERICAN EXCHANGE INTRODUCES INSTITUTIONAL INDEX","body":"The American Stock Exchange said it has\nintroduced options with expirations of up to three years on the\nInstitutional Index.\n    With the ticker symbol <XII>, the index is a guage of the\ncore equity holdings of the nation's largest institutions, the\nexchange explained.\n    The new listings represent the first long-term options to\nbe traded by the Amex, it added.\n    It said the long-term Institutional Index options began\ntrading Monday with expirations of December 1988 <XIV> and\nDecember 1989 <XIX>.\n   \n    The Amex said a third long-term option with an expiration\nof December 1990 will begin trading following the December 1987\nexpiration.\n    It said strike prices on the long-term options have been\nset at 50 point intervals with initial strikes of 250, 300 and\n350. To avoid conflicting strike price codes, the 350 stike\nprices will carry the ticker symbols <XVV> for the option\nexpiring in December 1988 and <XVX> for the option expiring in\nDecember 1989.\n Reuter\n\u0003","date":"19-OCT-1987 13:30:41.59","places":["usa"]}}