📄 reut2-008.sgm
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f2628reute
r f BC-STANWOOD-CORP-<SNW>-4 03-20 0073</UNKNOWN>
<TEXT>
<TITLE>STANWOOD CORP <SNW> 4TH QTR JAN 3</TITLE>
<DATELINE> NEW YORK, March 30 -
</DATELINE><BODY>Shr loss 1.12 dlrs vs profit one cts
Net loss 1.7 mln vs profit 8,000 dlrs
Revs 31.8 mln vs 42.1 mln
Year
Shr loss 51 cts vs profit 57 cts
NEt loss 780,000 vs profit 876,000
Revs 117.8 mln vs 117.3 mln
NOTE:1986 4th qtr includes loss of 911,000 for termination
of licensing agreement and loss of 319,000 dlr for termination
of womens wear operation.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13559" NEWID="8037">
<DATE>20-MAR-1987 18:01:38.04</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f2630reute
r f BC-GUEST-SUPPLY-<GEST>-G 03-20 0059</UNKNOWN>
<TEXT>
<TITLE>GUEST SUPPLY <GEST> GETS SHAREHOLDER SUIT</TITLE>
<DATELINE> NORTH BRUNSWICK, N.J., March 20 - </DATELINE><BODY>Guest Supply INc said a
shareholder sued it and certain officers and directors,
alleging misrepresentations and omissions in the prospectus for
the company's September 1986 public offering.
Guest said the complaint is without merit and will defend
the action vigorously.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13560" NEWID="8038">
<DATE>20-MAR-1987 18:01:49.51</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>brazil</D><D>japan</D></PLACES>
<PEOPLE><D>conable</D></PEOPLE>
<ORGS><D>worldbank</D><D>imf</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
A RM
f2631reute
r f BC-CONABLE-SAYS-BRAZIL-D 03-20 0106</UNKNOWN>
<TEXT>
<TITLE>CONABLE SAYS BRAZIL DEBT MORATORIUM IS TEMPORARY</TITLE>
<DATELINE> WASHINGTON, March 20 - </DATELINE><BODY>World Bank President Barber Conable
said he believed Brazil's decision to suspend foreign debt
interest payments is temporary.
Conable in a wide-ranging television interview to be shown
on public broadcasting tomorrow said Brazil now has the
attention of its creditors and must come up with a plan
designed to reform its economy.
"I think the Brazilians have the attention of many of their
creditors, but they must come up with a plan that will persuade
people that the Brazilian economy is going to be put on a
course that will result in some growth."
Turning to Japan, Conable said the role of that country has
been increasing in the World Bank and is expected to continue
to do so.
He said that Japan had made an additional 450 mln dlr
pledge to the International Development Association, an
indication that it agrees that it must provide more help in
line with its economic position.
Conable said there was no indication that the Soviet Union
was serious about joining the International Monetary Fund and
World Bank. He said they would have to get convertible currency
and open their books and the Soviets "don't usually do that."
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13555" NEWID="8039">
<DATE>20-MAR-1987 18:06:35.19</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F Y
f2635reute
r f BC-sulpetro-loss-due-to 03-20 0116</UNKNOWN>
<TEXT>
<TITLE>SULPETRO LOSS DUE TO WRITEDOWNS, ASSET DISPOSALS</TITLE>
<DATELINE> Calgary, Alberta, March 20 - </DATELINE><BODY><Sulpetro Ltd> said its 1986
fiscal year net loss of 276.4 mln dlrs, or 19.22 dlrs per
share, was due to several factors, the largest of which was a
writedown of 125.0 mln dlrs of oil and gas properties.
Sulpetro also recorded a writeoff of deferred charges
amounting to 67.0 mln dlrs, a loss of 22.5 mln dlrs on the
disposal of all properties in the United Kingdom and an equity
loss of 21.2 mln dlrs from affiliate Sulbath Exploration Ltd.
There was also a loss on other investments of 4.6 mln dlrs
and a loss on operations of 36.1 mln dlrs after interest,
depletion, depreciation and income tax recoveries.
In the fiscal year ended October 31, 1985, Sulpetro had a
net loss of 45.6 mln dlrs, or 3.90 dlrs per share.
The company also said its non-recourse project financing
for the Irish-Lindergh heavy oil field remains in default due
to continuing low oil prices.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13561" NEWID="8040">
<DATE>20-MAR-1987 18:07:55.50</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f2636reute
u f BC-AMERICAN-EXPRESS-<AXP 03-20 0099</UNKNOWN>
<TEXT>
<TITLE>AMERICAN EXPRESS <AXP> TO DISCUSS SHEARSON DEAL</TITLE>
<DATELINE> New York, March 20 - </DATELINE><BODY>American Express Co's board of
directors Monday will discuss the company's arrangement to sell
13 pct of Shearson Lehman Brothers Inc to Nippon Life Insurance
Co, a company spokesman said.
The spokesman would not say whether the board is planning
to vote on the understanding between American Express and
Nippon Life. The Shearson stake is to be sold for 530 mln dlrs,
American Express has said.
The spokesman also would not comment on speculation that
the board was to discuss a sale of securities to the public.
Monday's board meeting is a regular monthly meeting. The
plan to sell part of Shearson to Nippon Life must be approved
by the American Express board and Japan's Ministry of Finance.
Earlier, American Express and Shearson said they were
subpoenaed by the Securities and Exchange Commission. American
Express said it was subpoenaed for documents pertaining to
securities transactions of American Express and Fireman's Fund.
Shearson was subpoenaed for documents related to transactions
with Jefferies and Co and others.
The American Express spokesman said he could not comment on
whether any officials of the firm were subpoenaed.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13562" NEWID="8041">
<DATE>20-MAR-1987 18:11:31.62</DATE>
<TOPICS><D>crude</D><D>nat-gas</D><D>fuel</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
Y
f2642reute
r f BC-NATURAL-GAS-SEEN-RECA 03-20 0107</UNKNOWN>
<TEXT>
<TITLE>NATURAL GAS SEEN RECAPTURING SOME MARKET SHARE</TITLE>
<AUTHOR> By NAILENE CHOU-WIEST, Reuters</AUTHOR>
<DATELINE> NEW YORK, March 17 - </DATELINE><BODY>Higher crude oil prices will raise
demand for natural gas, helping it to reclaim market share lost
to heavy oil when prices plunged in 1986, analysts said.
The analysts said that these efforts will be most
successful in the industrial sectors of the economy with large
and growing energy requirements.
"Natural gas stands a good chance to recapture the share of
oil supplied to electric utilities that it lost to the residual
fuel industry last year," Michael Smolinski, an energy
economist with Data Resources Inc, told Reuters.
An estimated 200,000 barrels per day of residual fuel went
into the utilities market at the expense of natural gas last
year when world oil prices plunged, Smolinski said.
Assuming oil prices hold above 15 dlrs a barrel, national
average gas prices delivered to the utilities at a projected
2.10 to 2.25 dlrs per mln Btu would be very competitive,
Michael German, vice president of economic analysis at American
Gas Association said.
The average delivered prices at the end of January were
2.10 dlrs per mln Btu, compared with 3.26 dlrs a year ago.
"We expect natural gas to regain 250 to 400 billion cubic
feet (of demand) in the overall energy market in the second and
third quarter (1987)," he said.
In addition to price competitiveness, availability will be
an important factor persuading energy users to switch to gas,
Frank Spadine, senior energy economist with Bankers Trust Corp.
in New York noted.
Spadine said the mild winter in many parts of the North
American continent has led to a build up of gas inventories and
less would be necessary to replenish underground storage this
spring freeing gas for spot sales.
These forecasts develop a strong counterpoint to the fears
that natural gas suplies would be tight and prices
significantly higher given a sharp decline in drilling last
year.
AGA's German contended that despite the drilling decline,
much of U.S. proved reserves could be brought to production
quickly through developments such as the infill drilling which
permits more wells to be drilled in proved reserve basins.
Citing recent EIA statistics, German said, the gas surplus
was likely to contract from three trillion cubic feet in 1986
to two trillion cubic feet in 1987, but the surplus would not
go away until 1990.
Smolinski of Data Resources agreed that the surplus would
persist until 1990. While gas supplies may tighten in certain
consuming areas, notably in California and in the Northeast
U.S., an overall shortfall appeared remote.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13563" NEWID="8042">
<DATE>20-MAR-1987 18:14:24.22</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f2647reute
r f BC-LOUISIANA-LAND-<LLX> 03-20 0064</UNKNOWN>
<TEXT>
<TITLE>LOUISIANA LAND <LLX> ASSUMES INEXCO'S DEBT</TITLE>
<DATELINE> NEW ORLEANS, March 20 - </DATELINE><BODY>Louisiana Land and Exploration Co
said it assumed the obligation to pay the principal and
interest on the 8-1/2 pct convertible subordinated debentures
due September 1, 2000 of Inexco Oil Co, a unit of Louisiana
Land.
Effective March 23, the debentures will be listed as the
debentures of Louisiana Land, LLXOO.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13564" NEWID="8043">
<DATE>20-MAR-1987 18:16:46.86</DATE>
<TOPICS></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E A
f2653reute
r f BC-macmillan-bloedel-to 03-20 0063</UNKNOWN>
<TEXT>
<TITLE>MACMILLAN BLOEDEL <MMBLF> TO REDEEM DEBENTURES</TITLE>
<DATELINE> VANCOUVER, British Columbia, March 20 - </DATELINE><BODY>MacMillan Bloedel
Ltd said it will redeem all outstanding nine pct series J
debentures on April 27, 1987 for 34.9 mln U.S. dlrs, plus a
premium of one pct and accrued and unpaid interest.
The series J debentures were issued in Europe in 1977 and
were due February 1992, the company said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="13565" NEWID="8044">
<DATE>20-MAR-1987 18:19:27.03</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>usa</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F A RM
f2659reute
r f AM-TRADE-COMPUTERS 03-20 0106</UNKNOWN>
<TEXT>
<TITLE>U.S. SENATORS SAY SANCTIONS LIKELY ON MICROCHIPS</TITLE>
<AUTHOR> By Jacqueline Frank, Reuters</AUTHOR>
<DATELINE> WASHINGTON, March 20 - </DATELINE><BODY>The United States will likely impose
sanctions soon on imports of Japanese microchips, senators said
today after a private meeting with Commerce Secretary Malcolm
Baldrige.
Although the senators said Baldrige told them no decision
would be taken until a final determination is made on whether
Japanese microchips were dumped in the United States, they said
they were virtually sure Japan would face penalties.
President Reagan's trade policy advisory group, of which
Baldrige is a member, will meet on the issue Wednesday.
"I am confident we will see action taken," Sen. John McCain,
an Arizona Republican, told reporters.
"I am expecting sanctions at least, and even more than
sanctions," Sen. Pete Domenici, a New Mexico Republican, said.
The senators, several congressmen and U.S. semiconductor
industry representatives met with Baldrige and State Department
officials to discuss Japan's alleged violations of a September
1986 agreement to stop dumping its microchips in the United
States and other countries.
They recommended Japanese firms be penalized through
tariffs or import duties over the next six to 12 months for
continuing to dump microchips. The violations were worth 100
mln dls to the Japanese semiconductor industry, they said.
Asked if Baldrige intended to recommend sanctions, Sen.
Pete Wilson told reporters, "The clear import of what he said is
that there will be."
"Japan can't just say they will comply. We think sanctions
must be applied," for past violations of the agreement, the
California Republican said.
The semiconductor industry produces microprocessor chips
which are
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