📄 reut2-004.sgm
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latter two tranches were less strongly oversubscribed.
Like non-convertible money market preferred stock, the new
version allows investors to redeem their holdings every seven
weeks. Investors then can maintain their holdings, sell them,
or offer to hold on to the securities if the auction
dividend is at least at a level they specify in advance.
Gallatin said the securities were sold to a broad range of
investors, including major insurance companies, banks, money
managers and pension funds.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8921" NEWID="4008">
<DATE>11-MAR-1987 18:21:00.31</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>canada</D></PLACES>
<PEOPLE><D>james-baker</D><D>reagan</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E
f0877reute
r f AM-CANADA-CLARK 03-11 0105</UNKNOWN>
<TEXT>
<TITLE>CLARK SAYS HE EXPECTS U.S. ACTION ON ACID RAIN</TITLE>
<DATELINE> WASHINGTON, March 11 - </DATELINE><BODY>Canadian Foreign Secretary Joe
Clark, winding up a two-day visit to Washington, said he
expected the Reagan administration to take some action on
reducing acid rain.
"My impression is there will be some movement by the United
States administration on acid rain (but) how much movement I
can't judge or predict," he told reporters.
The meetings with American officials are part of a routine
U.S.-Canada consultation but are also expected to lay the
groundwork for a summit in Ottawa next month between President
Reagan and Prime Minister Brian Mulroney.
Clark today held discussions with Treasury Secretary James
Baker and Democratic Sens. Patrick Moynihan of New York,
Christopher Dodd of Connecticut, Lloyd Bentsen of Texas and
George Mitchell of Maine.
Yesterday, he held talks with Vice President George Bush,
Secretary of State George Shultz and Commerce Secretary Malcolm
Baldrige.
Among its priorities, Canada is seeking evidence that
Reagan is prepared to live up to a commitment made last year to
implement in the United States a five-year 5 billion U.S. dlr
program to test cleaner ways of burning coal.
This issue was discussed at length with Baker and several
of the senators, including Mitchell who urged Canada to "keep
the heat on" the Reagan administration to force action, Canadian
officials said.
Also taken up with most of the senators and Baker were
trade issues, including the need for the United States and
Canada to establish a better mechanism for settling trade
disputes between the two countries, who are each other's major
trading partner, Canadian officials said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8922" NEWID="4009">
<DATE>11-MAR-1987 18:22:58.57</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0886reute
r f BC-FORD-MOTOR-<F>-DISTRI 03-11 0052</UNKNOWN>
<TEXT>
<TITLE>FORD MOTOR <F> DISTRIBUTES PROFIT SHARING</TITLE>
<DATELINE> DALLAS, March 11 - </DATELINE><BODY>Ford Motor COr said that profit-sharing
checks were distributed to employees in its U.S. facilities.
About 371 mln dlrs was distributed to 160,253 emplyees. The
average payment per employee was more than 2,100 dlrs compared
with 1,200 in 1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8923" NEWID="4010">
<DATE>11-MAR-1987 18:24:57.40</DATE>
<TOPICS></TOPICS>
<PLACES><D>jamaica</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM A
f0887reute
u f BC-jamaica-puts-cap-on-b 03-11 0079</UNKNOWN>
<TEXT>
<TITLE>JAMAICA PUTS CAP ON BORROWING</TITLE>
<DATELINE> Kingston, march 11 - </DATELINE><BODY>jamaica has put a cap on its 3.5
billion dlr foreign debt and will reduce its obligations by 300
mln dlrs this year, prime minister edward seaga said today.
Speaking at a news conference, seaga said jamaica has
reached its "maximum stock of debt" and will not undertake any
more borrowing until it is justified by economic growth.
"this year we'll be reducing the stock of debt by 300
million dollars," he said.
He told reporters his government aims to reduce jamaica's
ratio of debt payments to foreign exchange earnings from the
current 50 pct to 25 pct within three years.
Debt payments this year are expected to total 287 mln
dollars, seaga said.
yesterday jamaica agreed with creditor banks to reschedule
over the next 12 years some 181 miln dlrs due in 1987-89.
The accord includes a grace period on principal payments
for eight and a half years and a reduction of interest rates
from 2.5 to 1.125 pct above libor.
Last week, jamaica obtained a 10-year rescheduling of 100
pct of principal and 85 pct of interest on 125 mln dollars of
debt to the paris club nations the debt would have fallen due
over the next two years.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8924" NEWID="4011">
<DATE>11-MAR-1987 18:26:24.22</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0888reute
d f AM-SICKLE 03-11 0114</UNKNOWN>
<TEXT>
<TITLE>FASTER TEST FOR SICKLE CELL ANEMIA DEVELOPED</TITLE>
<DATELINE> BOSTON, March 11 - </DATELINE><BODY>A team of California researchers said
that they have developed a better, faster test for detecting
sickle cell anemia in unborn children than existing procedures.
The test, developed by Cetus Corp <CTUS> researchers,
requires only a small amount of genetic material from a fetus
and produces a diagnosis within a day, unlike other tests that
require several days and can only be done in a few specialized
centers, they said.
Sickle cell anemia is a painful, inherited blood disease
that causes the normally-flexible red blood cells to stiffen
into a sickle-like shape. It is primarily found in blacks.
The researchers said in The New England Journal of Medicine
that their "procedure promises to be a rapid, sensitive and
reliable method for the prenatal diagnosis of sickle cell
disease."
In addition, they said, the technique might also be
adapted to detect other types of genetic disease.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8925" NEWID="4012">
<DATE>11-MAR-1987 18:36:05.15</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
f0900reute
r f BC-BANK-OF-BRITISH-COLUM 03-11 0060</UNKNOWN>
<TEXT>
<TITLE>BANK OF BRITISH COLUMBIA 1ST QTR JAN 31 NET</TITLE>
<DATELINE> VANCOUVER, British Columbia, March 11 -
</DATELINE><BODY>Oper shr loss two cts vs profit three cts
Oper net profit 273,000 dlrs vs profit 1,710,000
YEAR - period ended October 31, 1986
Oper shr loss 23 cts vs profit 14 cts
Oper net loss 4,397,000 vs profit 7,527,000
Assets 2.67 billion vs 3.25 billion
Note: 1987 1st qtr net excludes extraordinary loss of 2.2
mln dlrs or six cts shr.
1986 yr net excludes extraordinary loss of 66 mln dlrs or
1.94 dlrs shr involving 22.1 mln dlrs of costs from sale of
bank assets to Hongkong Bank of Canada, eight mln dlrs for
contingent liabilities in respect of litigation and potential
tax reassessment by U.S. govt and 35.9 mln dlrs of deferred tax
debits.
Most bank assets sold to HongKong Bank of Canada, a unit of
<Hong Kong and Shanghai Banking Corp> in Nov, 1986.
Shr after preferred divs.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8926" NEWID="4013">
<DATE>11-MAR-1987 18:37:48.60</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>iran</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V
f0904reute
u f AM-REAGAN-HAKIM 03-11 0101</UNKNOWN>
<TEXT>
<TITLE>RAN SCANDAL PARTICIPANT TO GET IMMUNITY OFFER</TITLE>
<DATELINE> WASHINGTON, March 11 - </DATELINE><BODY>Albert Hakim, an arms merchant, is
the first top-ranked player in the Iran arms scandal who may be
enticed into testifying by the promise of immunity,
investigators said.
The House Select committee probing the Iran arms scandal
has voted to grant limited immunity from criminal prosecution
to Hakim in return for his testimony.
Hakim, 51, was said deeply involved from the start in the
attempt to trade arms to Iran for help in freeing American
hostages in Lebanon and the diversion of funds and arms to
rebels in Nicaragua.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8927" NEWID="4014">
<DATE>11-MAR-1987 18:38:02.32</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0905reute
r f BC-RESTAURANT-ASSOCIATES 03-11 0069</UNKNOWN>
<TEXT>
<TITLE>RESTAURANT ASSOCIATES INC <RA> 4TH QTR JAN 3</TITLE>
<DATELINE> NEW YORK, March 11 -
</DATELINE><BODY>Shr 25 cts vs 36 cts
Net 1.4 mln vs 1.4 mln
Revs 56.9 mln vs 35.1 mln
Year
Shr 86 cts vs 75 cts
Net 4.7 mln vs 3.0 mln
REvs 201.4 mln vs 140.0 mln
NOTE:1985 4th qtr includes 99,000 loss from carryforward.
Shares restated to give effect to 1.4 to one stock split in the
form a 40 pct class A dividend in August 1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8928" NEWID="4015">
<DATE>11-MAR-1987 18:41:59.82</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0907reute
r f BC-MICHIGAN-GENERAL-CORP 03-11 0077</UNKNOWN>
<TEXT>
<TITLE>MICHIGAN GENERAL CORP <MGL> 4TH QTR</TITLE>
<DATELINE> SADDLE BROOK, N.J., March 11 -
</DATELINE><BODY>Shr loss 1.02 dlrs vs 1.01 dlr
Net loss 18.1 mln vs 11.4 mln
Revs 96.0 mln vs 90.3 mln
Year
Shr loss 2.65 dlrs vs loss 3.06 dlrs
Net loss 39.3 mln vs 34.6 mln
Revs 386.0 mln vs 373.0 mln
NOTE:1986 4th qtr, year loss includes 14.4 mln dlrs, 4.6
mln dlrs respectively from discontinued. 1985 4th qtr and year
include loss of 13.1 mln, 1.9 mln dlr respectively.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8929" NEWID="4016">
<DATE>11-MAR-1987 18:45:36.66</DATE>
<TOPICS><D>crude</D><D>nat-gas</D><D>iron-steel</D></TOPICS>
<PLACES><D>usa</D><D>libya</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F Y
f0908reute
u f BC-USX-<X>-PROVED-OIL,-G 03-11 0103</UNKNOWN>
<TEXT>
<TITLE>USX <X> PROVED OIL, GAS RESERVES FALL IN 1986</TITLE>
<DATELINE> NEW YORK, March 11 - </DATELINE><BODY>USX Corp said proved reserves of oil
and natural gas liquids fell 28 pct to 802.8 mln barrels at the
end of 1986 from 1.12 billion barrels at year-end 1985.
The figures, in USX's just-released 1986 annual report,
indicate much of the drop resulted from the exclusion of 293.7
mln barrels of Libyan reserves, after the U.S. government last
June directed U.S. oil companies to end Libyan operations.
USX, which owns Marathon Oil Co and Texas Oil and Gas Corp,
had 60 pct of its 1986 sales of 14.94 billion dlrs from its oil
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