📄 reut2-002.sgm
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<TITLE>SUPERMARKETS GENERAL <SGC> FEBRUARY SALES RISE</TITLE>
<DATELINE> WOODBRIDGE, N.J., March 5 - </DATELINE><BODY>Supermarkets General Corp
reported sales of 424.8 mln dlrs for the four-week period ended
Feb 28, 1987, A 7.2 pct increase over sales of 396.4 mln dlrs
for the comparable period last year.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18442" NEWID="2024">
<DATE> 5-MAR-1987 09:41:51.56</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-E.F.-HUTTON-<EFH>-STA 03-05 0093</UNKNOWN>
<TEXT>
<TITLE>E.F. HUTTON <EFH> STARTS PUROLATOR <PCC> BID</TITLE>
<DATELINE> NEW YORK, March 5 - </DATELINE><BODY>E.F. Hutton Group Inc said it has
started its previously announced offer to purchase up to
6,332,471 common shares of Purolator Courier Corp at 35 dlrs
each.
In a newspaper advertisement, the company said the offer,
proration period and withdrfawal rights will expire April One
unless extended. The offer is conditioned on receipt of at
least 5,116,892 Purolator shares, or a 66.7 pct interest, and
is the first step in a merger agreement that has been approved
by the Purolator board.
Hutton said it reserves the right to buy more than
6,332,471 shares but has no present intention of doing so. It
said it may waive the condition that at least 5,116,892 shares
be tendered as long as it received at least a 50.1 pct
interest. If it were to receive fewer shares than that, it
said it would only purchase sharesd with the consent of
Purolator.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18443" NEWID="2025">
<DATE> 5-MAR-1987 09:42:45.36</DATE>
<TOPICS><D>money-fx</D></TOPICS>
<PLACES><D>usa</D><D>taiwan</D><D>south-korea</D></PLACES>
<PEOPLE><D>yeutter</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM A
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r f BC-YEUTTER-PUTS-CURRENCY 03-05 0101</UNKNOWN>
<TEXT>
<TITLE>YEUTTER PUTS CURRENCY BURDEN ON TAIWAN, KOREA</TITLE>
<DATELINE> NEW YORK , March 5 - </DATELINE><BODY>Responsibility for the appreciation of
the Taiwan dollar and the South Korean Won lies soley with
those countries, said U.S. trade representative Clayton Yeutter
Speaking to the Asia Society, Yeutter said that it is in
those countries' own long-term interest to raise the value of
their currencies against the dollar.
Yeutter was responding to a question about what the U.S.
could do to encourage appreciation of those currencies against
the dollar in order to reduce the large U.S. trade deficits
with Taiwain and Korea.
"An undervalued currency will help those countries' exports
in the short term, but in the long run they have to be
concerned about how they are perceived in the international
business community," Yeutter said.
For Taiwan, Yeutter said that with its per capita trade
surplus with the U.S., much larger than that of Japan's, and
with huge foreign exchange reserves, it was difficult to defend
the high import tarrifs and other barriers that prevail in that
country.
He also said that the south Korean Won should begin to move
to reflect underlying economic fundamentals, "otherwise in two
or three years' time, Korea will be in the same situation that
prevails in Taiwan."
Turning to the U.S. deficit with Japan of more than 50
billion dlrs, Yeutter said that this situation was not
sustainable.
"Something must give soon. If not, there is a great threat
of U.S. legislative action to counteract that trend," Yeutter
said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18444" NEWID="2026">
<DATE> 5-MAR-1987 09:42:52.28</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-PRINCEVILLE-DEVELOPME 03-05 0069</UNKNOWN>
<TEXT>
<TITLE>PRINCEVILLE DEVELOPMENT CORP <PVDC> YEAR LOSS</TITLE>
<DATELINE> PRINCEVILLE, Hawaii, March 5 -
</DATELINE><BODY>Shr diluted loss 31 cts vs profit 17 cts
Net loss 2,806,005 vs profit 1,513,395
Revs 15.0 mln vs 10.4 mln
Avg shrs diluted 8,982,754 vs 8,804,899
NOTE: Current year includes loss of 3.4 mln dlrs from
takeover defense expenses. Also includes losses of 1.8 mln dlrs
vs 332,000 dlrs from equity in limited partnerships.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18445" NEWID="2027">
<DATE> 5-MAR-1987 09:44:47.86</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
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r f BC-ORANGE-CO-<OJ>-HOLDER 03-05 0035</UNKNOWN>
<TEXT>
<TITLE>ORANGE-CO <OJ> HOLDER RAISES STAKE</TITLE>
<DATELINE> LAKE HAMILTON, Fla., March 5 - </DATELINE><BODY>Orange-Co Inc said its
largest shareholder, <Summit Resoureces Inc>, has increased its
stake to 15 pct from 14 pct and now owns 644,727 shares.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18446" NEWID="2028">
<DATE> 5-MAR-1987 09:44:55.17</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
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r f BC-HORIZON-CORP-<HZN>-4T 03-05 0075</UNKNOWN>
<TEXT>
<TITLE>HORIZON CORP <HZN> 4TH QTR NET</TITLE>
<DATELINE> FOUNTAIN HILLS, Ariz., March 5 -
</DATELINE><BODY>Oper shr profit 1.66 dlrs vs loss eight cts
Oper net profit 12.0 mln vs loss 572,000
Revs 27.4 mln vs 4,311,000
Year
Oper shr profit 1.36 dlrs vs loss 43 cts
Oper net profit 9,817,000 vs loss 2,433,000
Revs 35.0 mln vs 13.8 mln
Avg shrs 7,224,000 vs 6,731,000
NOTE: 1985 net includes tax credits of 492,000 dlrs in
quarter and 2,433,000 dlrs in year.
1985 net both periods excludes 168,000 dlr loss from
discontinued operations.
1986 net both periods includes pretax gain 21.8 mln dlrs
from sale of remaining interest in Paradise Hills, N.M.,
development.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18447" NEWID="2029">
<DATE> 5-MAR-1987 09:45:10.22</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
f0115reute
r f BC-thomson 03-05 0046</UNKNOWN>
<TEXT>
<TITLE><INTERNATIONAL THOMSON ORGANISATION LTD> YEAR</TITLE>
<DATELINE> TORONTO, Mar 5 -
</DATELINE><BODY>Shr 33p vs 38p
Net 97 mln vs 111 mln
Revs 1.71 billion vs 1.76 billion
NOTE: Figures in sterling.
Share results after deducting preferred share dividends of
one mln pounds sterling in 1986.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18448" NEWID="2030">
<DATE> 5-MAR-1987 09:45:49.05</DATE>
<TOPICS></TOPICS>
<PLACES><D>france</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS><D>ec</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G
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u f BC-FRENCH-FARMERS-STRONG 03-05 0108</UNKNOWN>
<TEXT>
<TITLE>FRENCH FARMERS STRONGLY CRITICISE EC MILK PACT</TITLE>
<DATELINE> PARIS, March 5 - </DATELINE><BODY>The EC agriculture ministers' agreement on
reducing dairy output puts milk producers in an impossible
situation, French farm unions said.
The accord to limit butter sales into intervention, part of
planned dairy output cuts of 9-1/2 pct over two years, will cut
milk producers' income, a spokeswoman for France's largest farm
union, the FNSEA, said.
The move has destroyed part of the Common Agricultural
Policy, French milk producers said in a press release.
But Agriculture Minister Francois Guillaume said
repercussions of the plan will affect dairies, not farmers.
"If there are negative repercussions, it will be at the
level of the dairies which have never looked for new outlets
for butter and milk," he told journalists during a visit to
Rouen.
FNSEA president Raymond Lacombe said on French radio the
milk sector needs restructuring by encouraging early retirement
and helping young farmers to start. But Commission proposals,
rejected by ministers, would have frozen land prices, he said.
The FNSEA says it will demonstrate over Commission
proposals to freeze most 1987/88 farm prices and cut supports.
Pig farmers have held violent demonstrations over falling pork
prices and milk producers blocked roads in protest at cuts in
milk output.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18449" NEWID="2031">
<DATE> 5-MAR-1987 09:52:38.52</DATE>
<TOPICS></TOPICS>
<PLACES><D>uk</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
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b f BC-IBJ-ESTABLISHES-200-M 03-05 0074</UNKNOWN>
<TEXT>
<TITLE>IBJ ESTABLISHES 200 MLN STG CD PROGRAMME</TITLE>
<DATELINE> LONDON, March 5 - </DATELINE><BODY>The Industrial Bank of Japan Ltd (IBJ),
London Branch, said it is establishing a sterling certificate
of deposit (CD) issuance programme for up to 200 mln stg.
The arranger is LLoyds Merchant Bank Ltd and dealers are
LLoyds, Samuel Montagu and Co Ltd, Morgan Grenfell and Co Ltd
and S.G. Warburg and Co Ltd.
The paper will have maturities between seven and 365 days.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18450" NEWID="2032">
<DATE> 5-MAR-1987 09:53:39.85</DATE>
<TOPICS></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0139reute
f f BC-******MOBIL'S-MONTGOM 03-05 0015</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>MOBIL'S MONTGOMERY WARD AND CO FEBRUARY SALES UP 12.7 PCT ON COMPARABLE STORE BASIS
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18451" NEWID="2033">
<DATE> 5-MAR-1987 09:54:03.66</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0140reute
r f BC-EQUATORIAL-COMMUNICAT 03-05 0058</UNKNOWN>
<TEXT>
<TITLE>EQUATORIAL COMMUNICATIONS CO <EQUA> 4TH QTR LOSS</TITLE>
<DATELINE> MOUNTAIN VIEW, Calif., March 4 -
</DATELINE><BODY>Shr loss 3.84 dlrs vs nil
Net loss 56,879,000 vs profit 23,000
Rev 10.3 mln vs 17.7 mln
Year
Shr loss 4.60 dlrs vs profit 14 cts
Net loss 67,818,000 vs profit 1,807,000
Rev 50.9 mln vs 56.1 mln
Avg shares 14,734,000 vs 12,801,000
NOTE: Fourth qtr net includes a one-time restructuring
charge of 45.2 mln dlrs. 1985 net income includes extraordinary
gain of 3.2 mln dlrs, or 25 cts.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="18452" NEWID="2034">
<DATE> 5-MAR-1987 09:55:41.23</DATE>
<TOPICS></TOPICS>
<PLACES><D>iran</D><D>iraq</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM
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u f BC-IRAQ-SAYS-IT-CRUSHES 03-05 0121</UNKNOWN>
<TEXT>
<TITLE>IRAQ SAYS IT CRUSHES NEW IRANIAN BASRA OFFENSIVE</TITLE>
<DATELINE> BAGHDAD, March 5 - </DATELINE><BODY>Iraq said its forces killed or wounded
15,000 Iranian Revolutionary Guards as they crushed a new
Iranian offensive near the strategic port city of Basra.
A high command war communique said four Revolutionary
Guards divisions attacked Iraqi positions east of Basra on the
Gulf War southern front, but they were fully crushed by noon
(0900 GMT).
Adbul-Jabbar Mohsen, chief of the defence ministry
political department, said the Iranians had 15,000 casualties.
Iran earlier today said its forces launched fresh attacks
near Basra last night, adding that 1,200 Iraqis were killed or
wounded in fighting near Fish Lake, 10 km east of Basra.
In its first reaction to Tehran reports of a new Iranian
offensive on the northern front, Iraq said fighting continues
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