📄 reut2-004.sgm
字号:
and gas operations.
About 24 pct of total sales came from USX's USS steel unit
and 16 pct from diversified businesses, which include oilfield
services, raw materials, minerals, chemicals and real estate.
According to the report, domestic liquids reserves fell
slightly to 628.5 mln barrels from 628.9 mln and foreign
reserves fell to 174.3 mln from 486.4 mln barrels. The large
drop in foreign reserves was in the Middle East and Africa,
where they fell to about 9.3 mln barrels from 316.7 mln,
reflecting the exclusion of Libya.
Total natural gas reserves fell to 4.82 trillion cubic feet
at year-end 1986 from 5.18 trillion at the end of 1985.
Again, most of the drop came from the Middle East and
Africa, where reserves fell to zero from 71.9 billion cubic
feet, excluding Libyan reserves.
U.S. natural gas reserves fell to 3.44 trillion cubic feet
from 3.65 trillion and foreign reserves fell to 1.38 trillion
from 1.53 trillion.
In other areas, USX said total capital spending fell to 962
mln dlrs in 1986 from 1.78 billion dlrs in 1985. The 1986
audited figure is eight mln dlrs higher than the unaudited
figure the company reported on Jan 27.
USX also said it expects to record a gain of 150 mln dlrs
in 1988, representing 50 pct of previously existing investment
tax credits allowable under the new tax law. The loss of the
other half of the credits was reflected in the fourth quarter.
In a discussion of steel results, USX said plants that were
shut down last month and some previously idled plants may be
permanently closed. USX took a fourth quarter charge of 1.03
billion dlrs to restructure its steel operations. The charge
included the "indefinite idling" last month of four plants in
Utah, Pennsylvania and Texas.
Other plants or parts of plants in Pennsylvania, Indiana,
Alabama, Ohio and Chicago had been previously idled.
"These operations are not permanently shut down. Improved
market conditions for the products from these plants may make
it feasible to reopen some of them," USX said in the report.
"On the other hand, a lack of any future market improvement
may necessitate their permanent closing," it added.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8930" NEWID="4017">
<DATE>11-MAR-1987 18:50:05.96</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F Y
f0914reute
r f BC-PHILLIPS<P>-SAYS-STOC 03-11 0099</UNKNOWN>
<TEXT>
<TITLE>PHILLIPS<P> SAYS STOCK UP ON STEPS TO PARE DEBT</TITLE>
<DATELINE> NEW YORK, March 11 - </DATELINE><BODY>Phillips Petroleum Co Chairman C. J.
"Pete" Silas said his company's stock, ranked fourth on the
most active list of stocks traded today, rose partly because of
steps it took to pare its debt.
Silas told Reuters in an interview today, "part of this
strength results from the rise in oil prices and also because
some of the analysts have been happy with the steps we've taken
in 1986 to pare our debt."
Phillips stocks rose 1/4 to 14 dlrs a share following
recommendations by some oil analysts, a company source said.
Phillips debt stood at 5.9 billion dlrs in December 1986
down from a 1985 high of 8.6 billion dlrs, analysts said.
"At 14 dlrs a share, Phillips is priced closer to the actual
price of oil," he added.
Silas said, "if the analysts are right that oil prices will
rise to 20 dlrs or higher, then it seems to make sense to buy
Phillips." He is, however, more cautious about the strength in
crude prices, expecting the price to fluctuate between 16-18
dlrs a barrel for the year.
Oil industry analysts said one reason for the stock's
popularity of the stock is that it traded at a strong discount
to its appraised value and was attractively priced for small
investors.
Charles Andrew, an analyst who follows Phillips for John S.
Herold Inc of Greenwich, Conn said that the appraised value of
the company, based on available data is 34.25 dlrs.
"The stock is trading at about 1/3 its appraised value. The
company has tremendous leverage and if it can get its act
together and if oil prices are steady to higher there is good
room for improvement," he said.
But, he added, "if oil prices turn lower, there will be a
lot of pressure on Phillips."
Phillips' shares fell as low as eight dlrs a share over the
last 52 weeks with a 1987 low of 11-3/4 dlrs in 1987.
Analysts say that the appraised value of the company could be
revised due to asset sales of their oil and gas reserves.
Silas told Reuters that the asset sales which amount to
about two billion dlrs for 1986 were completed and that none
were planned.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8931" NEWID="4018">
<DATE>11-MAR-1987 18:50:57.36</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0915reute
u f BC-MICHIGAN-GENERAL-<MGL 03-11 0107</UNKNOWN>
<TEXT>
<TITLE>MICHIGAN GENERAL <MGL> BEGINS EXCHANGE OFFER</TITLE>
<DATELINE> SADDLE BROOK, N.J., march 11 - </DATELINE><BODY>Michigan General Corp said
it began an exchange offer for its 110 mln dlrs outstanding
principal amount of 10-3/4 pct senior subordinated debentures
due December 1, 1998.
Pursuant to the exchange offer, each 1,000 dlr principal
amount will receive 500 dlr principal amount of senior
subordinated notes due March 1, 1992, 200 dlr principal amount
of non-interest bearing convertible senior subordainted notes
due March 1, 1997 and 12 shares of delayed convertible
preferred stock, liquidation preference 25 dlrs per share.
The offer will expire April nine.
Michigan General said the exchange offer is crucial to is
attempt to restructure and reduce its risk from Chapter 11.
The principal purpose of the offer is to reduce its debt
service on the 10-3/4 pct debetures, increase stockholders'
equity and induce its lender to continue to fund.
Assuming a 90 pct acceptance of the offer, Michigan's
annual cash interest requirements will be reduced by about 10.6
mln dlrs, it said.
Completion is subject to the tender of at least 90 pct of
the debentures and its lender to waive it from default under
its loan agreements.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8932" NEWID="4019">
<DATE>11-MAR-1987 18:53:18.49</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
f0918reute
r f BC-BANK-OF-B.C.-REVISES 03-11 0108</UNKNOWN>
<TEXT>
<TITLE>BANK OF B.C. REVISES SHARE PAYOUT ESTIMATE</TITLE>
<DATELINE> VANCOUVER, British Columbia, March 11 - </DATELINE><BODY>Bank of British
Columbia said it revised its estimate of shareholder
distributions from last November's sale of most of the bank's
assets to HongKong Bank of Canada to between 65 cts and 1.15
dlrs a share from 55 cts to 1.20 dlrs a share.
The bank said the estimate could rise to between 1.30 dlrs
and 1.80 dlrs a share if the full pension surplus is obtained.
It said it did not know when distributions would be made.
It earlier reported that operating profit for first quarter
ended January 31 fell to 273,000 dlrs from 1.7 mln dlrs the
previous year.
For full-year 1986 ended October 31, the bank posted an
operating loss of 4.4 mln dlrs against year-earlier profit of
7.5 mln dlrs. The bank also posted a 66 mln dlr extraordinary
loss in fiscal 1986.
Bank of British Columbia sold most of its assets last
November to HongKong Bank Canada, a unit of <HongKong and
Shanghai Banking Corp>, of Hong Kong, for 63.5 mln dlrs.
It said efforts to wind up the bank's affairs were
proceeding as quickly as possible.
The bank said it expected to report positive earnings in
future periods, barring unforeseen circumstances.
Loan losses, which the bank previously said figured in its
move to sell off most of its assets, rose to 105.7 mln dlrs in
fiscal 1986 from year-earlier 36.1 mln dlrs. The bank said 31.1
mln dlrs of the 1986 total represented downward adjustments to
its portfolio of syndicated sovereign risk loans as required
under the sale to HongKong Bank.
Since November 27, the bank has confined activities to the
winding up of affairs, Bank of British Columbia said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8933" NEWID="4020">
<DATE>11-MAR-1987 18:54:46.18</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE><D>reagan</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V
f0921reute
u f BC-HOUSE-VOTES-TO-BLOCK 03-11 0111</UNKNOWN>
<TEXT>
<TITLE>HOUSE VOTES TO BLOCK CONTRA AID FOR SIX MONTHS</TITLE>
<DATELINE> WASHINGTON, March 11 - </DATELINE><BODY>The House voted to block 40 mln dlrs
in military aid to the Nicaraguan rebels until President Reagan
accounts for past assistance, including money diverted from the
U.S. sale of arms to Iran.
The vote was seen as a temporary defeat for Reagan, who has
made aid to the "contras" a key initiative.
Congressional Democratic leaders have conceded that despite
today's vote, they can not muster a two-thirds majority to
override a certain Reagan veto. But they have said it is likely
they can win a battle expected this fall over 105 mln dlrs iin
new aid Reagan is requesting.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8934" NEWID="4021">
<DATE>11-MAR-1987 18:56:34.21</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
f0924reute
d f BC-<KIENA-GOLD-MINES-LTD 03-11 0040</UNKNOWN>
<TEXT>
<TITLE><KIENA GOLD MINES LTD> 4TH QTR NET</TITLE>
<DATELINE> TORONTO, March 11 -
</DATELINE><BODY>Shr 17 cts vs 16 cts
Net 1,019,000 vs 985,000
Revs 7,997,000 vs 7,492,000
YEAR
Shr 1.18 dlrs vs 64 cts
Net 6,959,000 vs 3,778,000
Revs 36.5 mln vs 29.8 mln
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8935" NEWID="4022">
<DATE>11-MAR-1987 18:56:43.55</DATE>
<TOPICS><D>carcass</D><D>livestock</D></TOPICS>
<PLACES><D>argentina</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
L
f0925reute
r f BC-ARGENTINE-MEAT-EXPORT 03-11 0117</UNKNOWN>
<TEXT>
<TITLE>ARGENTINE MEAT EXPORTS HIGHER IN JAN/FEB 1987</TITLE>
<DATELINE> BUENOS AIRES, March 11 - </DATELINE><BODY>Argentine meat exports during
Jan/Feb 1987 totalled 39,714 tonnes, against 36,594 tonnes
shipped in the same 1986 period, National Meat board said.
Shipments in tonnes with comparative figures for the 1986
period, in brackets, included: beef 26,945 (20,096), horse meat
3,257 (4,211) and beef offal 7,660 (10,502).
Argentine's meat exports totalled 20,243 tonnes in February
1987, against 19,217 tonnes shipped in the same 1986 month.
Shipments in tonnes, with comparative figures for February
1986, in brackets, included: beef 13,272 (11,464), horse meat
1,543 (2,083) and beef offal 4,476 (4,672), the board added.
Main destinations for refrigerated beef (bone in
equivalent) were as follows, in tonnes, with comparative
figures for 1986 in brackets -
EC 5,500 (7,900), Brazil 5,200 (unavailable), Israel 3,700
(3,000), Peru 2,500 (800), Singapore 500 (300), Switzerland 500
(400), Canary Islands 500 (300), Malta 500 (700), Aruba/Curazao
200 (300), Chile 100 (600).
Main destinations for canned meat and cooked beef (bone in
equivalent), in tonnes with comparative figures for Jan/Feb
1986, in brackets, were -
United States 11,200 (13,400), EC 4,700 (5,100).
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8936" NEWID="4023">
<DATE>11-MAR-1987 19:02:33.14</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
f0940reute
r f BC-KIENA-PLANS-TWO-FOR-O 03-11 0056</UNKNOWN>
<TEXT>
<TITLE>KIENA PLANS TWO-FOR-ONE STOCK SPLIT</TITLE>
<DATELINE> TORONTO, March 11 - </DATELINE><BODY><Kiena Gold Mines Ltd> said it planned
a two-for-one common stock split, pending shareholder approval
on April 7.
It said approval would require 66-2/3 pct of votes cast.
Kiena said 57 pct-owner Campbell Red Lake Mines Ltd <CRK> was
expected to vote in favor of the split.
Reuter
⌨️ 快捷键说明
复制代码
Ctrl + C
搜索代码
Ctrl + F
全屏模式
F11
切换主题
Ctrl + Shift + D
显示快捷键
?
增大字号
Ctrl + =
减小字号
Ctrl + -