📄 reut2-008.sgm
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<TEXT>
<TITLE>MARCOM TELECOMMUNICATIONS <MRCM> 2ND QTR JAN 31</TITLE>
<DATELINE> WEST PALM BEACH, Fla., March 20 -
</DATELINE><BODY>Oper shr loss five cts vs loss six cts
Oper net loss 157,688 vs loss 96,573
Revs 1,094,331 vs 1,378,973
Avg shrs 3,315,654 vs 1,661,023
Six mths
Oper shr loss seven cts vs loss 24 cts
Oper net loss 198,555 vs loss 394,589
Net 2,243,377 vs 2,440,850
Avg shrs 2,796,848 vs 1,637,592
NOTE: Current year 2nd qtr and six mths excludes a loss
10,767 dlrs for discontinued operations.
Prior year 2nd qtr and six mths excludes a loss of 54,686
dlrs and 112,565 dlrs for discontinued operations.
Full name of company is Marcom Telecommunications Inc.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13549" NEWID="8028">
<DATE>20-MAR-1987 17:43:13.77</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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<TEXT>
<TITLE>EASTPARK REALTY TRUST <ERT> QTLY DIV</TITLE>
<DATELINE> JACKSON, MISS, March 20 -
</DATELINE><BODY>Qlty div 25 cts vs 25 cts prior
Payable April 22
Record April 10
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13550" NEWID="8029">
<DATE>20-MAR-1987 17:44:23.79</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>canada</D><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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<TEXT>
<TITLE>CANADA'S CLARK SEES TRADE AS MOST URGENT PROBLEM</TITLE>
<AUTHOR> By Dean Lokken, Reuters</AUTHOR>
<DATELINE> SAN FRANCISCO, March 20 - </DATELINE><BODY>Trade is the most urgent problem
facing U.S.-Canadian relations because of a pressing need to
reach a new bilateral pact within the coming months, Joe Clark,
Canadian secretary of state for external affairs, said.
Negotiators for the two countries have been meeting for
more than a year in an effort to work out an agreement.
"The most urgent problem now is the trade question because
that has to be decided within the next 10 months," Clark told
the Commonwealth Club of California. "We have a fast track
authority from your Congress for approval or rejection of
whatever the negotiators achieve."
Clark said that, as a practical matter, an initial
agreement must be reached by late September or early October.
He listed environmental questions, particularly acid rain,
and defense as the second and third most important bilateral
issues facing Ottawa and Washington.
On Wednesday, President Reagan announced that he will seek
2.5 billion dlrs from Congress to address the acid rain
problem. Some interpreted the move as a goodwill gesture in
advance of his annual meeting, on April 5-6 in Ottawa, with
Prime Minister Brian Mulroney.
In a question-and-answer session with the public affairs
group, Clark said that the two countries must find better
mechanisms for resolving their trade disputes.
"This rash of countervailing actions, where we acted on
corn and you acted on soft wood and we both said they were
quasijudicial -- the dispute resolution mechanisims in place
now are not working adequately in either of our interests," he
said.
Ottawa also is seeking to change some of Washington's rules
on government procurement that penalize Canadian businesses, he
said.
"There are a number of Canadian companies that, in order to
secure substantial contracts in the United States, have had to
move their head offices out of our country into your country
because you have national procurement requirements," he said.
In turn, he added, the United States would like to change
some of the procurement requirements that exist at the
provincial government level in Canada.
Clark declined to forecast the outcome of the discussions.
"What will come out of it remains for the negotiators, in
the first instance, to propose, and then governments and
congresses will have judge," he said.
In his prepared remarks, Clark said that the United States
has tended to take Canada for granted, although it exports to
its northern neighbor more than twice what it exports to Japan.
"Yet you bought almost 10 per cent more from Japan last year
than you bought from Canada," he said. REUTER
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13551" NEWID="8030">
<DATE>20-MAR-1987 17:45:15.30</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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<TEXT>
<TITLE>ESSEX CORP <ESEX> YEAR END LOSS</TITLE>
<DATELINE> ALEXANDRIA, Va., March 20 -
</DATELINE><BODY>Oper shr loss 11 cts vs profit 33 cts
Oper net loss 132,000 vs profit 408,000
Revs 25.2 mln vs 23.0 mln
NOTE: 1986 and 1985 oper net excludes a loss of 636,000
dlrs or 52 cts per share and a loss of 994,000 dlrs or 80 cts
per share for discontinued operations.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13552" NEWID="8031">
<DATE>20-MAR-1987 17:45:24.11</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>indonesia</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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<TEXT>
<TITLE>U.S. LAUNCHES INDONESIAN COMMUNICATIONS SATELLITE</TITLE>
<DATELINE> CAPE CANAVERAL, March 20 - </DATELINE><BODY>NASA launched an Indonesian
communications satellite aboard a Delta rocket, marking the
first international payload to be put into orbit since the
Challenger disaster more than a year ago.
The 43 mln dlr satellite, the Palapa B2-P, was launched as
the result of an agreement reached last year between President
Ronald Reagan and Indonesia's President Suharto when they met
on Bali.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13553" NEWID="8032">
<DATE>20-MAR-1987 17:50:45.11</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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<TEXT>
<TITLE><SULPETRO LTD> YEAR OCT 31 LOSS</TITLE>
<DATELINE> CALGARY, Alberta, March 20 -
</DATELINE><BODY>Shr loss 19.22 dlrs vs loss 3.90 dlrs
Net loss 276.4 mln vs loss 45.6 mln
Revs 85.4 mln vs 113.3 mln
NOTE: Shr results after deducting preferred share dividends
of 13.1 mln dlrs in both periods.
Current loss includes a 125 mln dlr writedown of oil and
gas properties, a 67 mln dlr writeoff of deferred charges, a
22.5 mln dlr loss on disposal of U.K. properties, a 21.2 mln
dlr equity loss from affiliate Sulbath Exploration ltd and a
4.6 mln dlr loss on other investments.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13554" NEWID="8033">
<DATE>20-MAR-1987 17:51:40.27</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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<TEXT>
<TITLE>ALBERTA BUDGET SETS TAX INCREASE, LOWER DEFICIT</TITLE>
<DATELINE> EDMONTON, Alberta, March 20 - </DATELINE><BODY>The Alberta provincial
government will increase its general corporate tax rate on
April 1 to 15 pct from 11 pct under its 1987-88 budget
announced today, provincial treasurer Dick Johnston said.
The budget forecasts the 1987-88 provincial deficit to be
1.90 billion dlrs, compared to a forecast deficit of 3.30
billion dlrs for fiscal 1987, which ends March 31, Johnston
said.
The budget forecasts fiscal 1988 revenues of 8.63 billion
dlrs and expenditures of 10.42 billion dlrs, Johnston said.
The provincial budget raises combined personal and
corporate income taxes by about 20 pct, Johnston said.
Johnston told a news conference taxes were increased after
revenues from oil and gas taxes fell by 64 pct last year and
are not expected to increase sharply in the short term.
The provincial government expects resource tax revenues for
fiscal 1987 to fall to 1.30 billion dlrs from a previously
estimated 2.20 billion dlrs, compared to 3.60 billion dlrs
collected in fiscal 1986 before the collapse in oil prices.
Johnston told reporters he needed to raise taxes in order
to begin moving towards a balanced budget in 1990-91.
Johnston said the personal income tax increase takes three
forms. The basic provincial tax rate rises to 46.5 pct from
43.5 pct of the basic federal income tax rate.
The provincial budget also imposed a temporary eight pct
surtax on individuals with taxable income of more than 36,000
dlrs, he said.
In addition, the government levied a flat one pct surtax on
all individuals with taxable income.
Johnston said overall government spending of 10.42 billion
dlrs represents a cut of 4.4 pct, but various grants and tax
credits for agriculture and energy industries will remain.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13556" NEWID="8034">
<DATE>20-MAR-1987 17:54:04.61</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
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<TEXT>
<TITLE>WISCONSIN ELECTRIC <WTC> OFFERS PREFERRED</TITLE>
<DATELINE> NEW YORK, March 20 - </DATELINE><BODY>Wisconsin Electric Power Co said it
began a public offering of 700,000 shares of serial preferred
stock, 6-3/4 pct series, 100 dlrs par value, at a price of 100
dlrs per share.
The shares are being offered pursuant to a shelf
registration covering 700,000 sahres of serial preferred stock
which the company filed on February 19, 1987.
Proceeds will be used to redeem outstanding preferred stock
or for repayment of short-term indebtedness.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13557" NEWID="8035">
<DATE>20-MAR-1987 17:55:02.25</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
A RM
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<TEXT>
<TITLE>TEXAS AIR <TEX> UNIT SELLS EQUIPMENT-BACKED DEBT</TITLE>
<DATELINE> NEW YORK, March 20 - </DATELINE><BODY>Continental Airlines Inc, a unit of
Texas Air Corp, is offering 350 mln dlrs of equipment-backed
debt securities in three tranches and another 150 mln dlrs of
senior notes due 1997, said lead manager Drexel Burnham.
A 100 mln dlr offering of first priority secured equipment
certificates due 1992 was given a 10 pct coupon and par
pricing. This tranche is non-callable to maturity.
A 125 mln dlr issue of second priority secured equipment
certificates due 1995 has an 11 pct coupon and par pricing and
an equal-sized offering of third priority certificates due 1999
was given an 11-3/8 pct coupon and par pricing.
The second two tranches of the equipment-backed deal are
non-callable for five years, Drexel said.
Continental's 10-year notes were assigned an 11-1/2 pct
coupon and priced at par. They are non-callable for five years.
Texas Air has guaranteed the scheduled payments of interest and
principal for the senior notes.
The securities are rated B-2 by Moody's and B by Standard
and Poor's. Kidder Peabody, Merrill Lynch and Smith Barney
co-managed the issues. Proceeds, estimated at 486 mln dlrs,
will be used to repay about 254 mln dlrs of bank debt, with the
remainder added to working capital, Continental said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13558" NEWID="8036">
<DATE>20-MAR-1987 18:00:25.76</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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