📄 reut2-004.sgm
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</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8937" NEWID="4024">
<DATE>11-MAR-1987 19:04:31.39</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0941reute
r f BC-VANZETTI-<VANZ>-INCRE 03-11 0053</UNKNOWN>
<TEXT>
<TITLE>VANZETTI <VANZ> INCREASE OF SHARES APPROVED</TITLE>
<DATELINE> STOUGHTON, Mass, March 11 - </DATELINE><BODY>vanzetti Systems INc said its
shareholders approved increasing the number of authorized
shares to five mln from three mln.
Shareholders also approved increasing the number of shares
reserved for options to employees to 300,000 from 150,000
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8938" NEWID="4025">
<DATE>11-MAR-1987 19:04:38.26</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0942reute
s f BC-ROWE-FURNITURE-CORP-< 03-11 0025</UNKNOWN>
<TEXT>
<TITLE>ROWE FURNITURE CORP <ROWE> SETS QTLY DIVIDEND</TITLE>
<DATELINE> SALEM, Va., March 11 -
</DATELINE><BODY>Qtly div four cts vs four cts prior
Pay April 15
Record March 20
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8939" NEWID="4026">
<DATE>11-MAR-1987 19:05:21.41</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE><D>reagan</D><D>yeutter</D></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V RM
f0943reute
u f BC-U.S.-HOUSE-PANEL-TAKE 03-11 0092</UNKNOWN>
<TEXT>
<TITLE>U.S. HOUSE PANEL TAKES FIRST TRADE BILL VOTES</TITLE>
<AUTHOR> By Jacqueline Frank</AUTHOR>
<DATELINE> WASHINGTON, March 11 - </DATELINE><BODY>House trade lawmakers took their
first votes on measures designed to toughen U.S. trade laws but
held over until tomorrow the most difficult votes on
controversial plans to protect American industries.
Meeting in closed session, the House Ways and Means Trade
Subcommittee failed to resolve one of the most sensitive issues
in the bill--whether they will force major foreign trading
partners to severely cut their trade surpluses with the United
States.
The subcommittee is considering a toned-down version of
Democratic-sponsored trade legislation that aims to open
foreign markets but which drops last year's effort to force
President Reagan to retaliate with quotas or tariffs.
Congressional aides who asked not to be identified said the
lawmakers intend to wrap up their proposals tomorrow and will
consider a proposal to mandate retaliation without setting
specific trade penalties.
The legislation faces another hurdle in the full Ways and
Means Committee next week before the full House votes on it.
Rep. Richard Gephardt, a Missouri Democrat who is seeking
his party's 1988 presidential nomination, said he may offer an
amendment to call for reductions in the trade surpluses of
those countries with barriers to imports of U.S. goods.
This would be a moderated version of his earlier plan to
force a mandatory ten per cent annual cut in the trade surplus
with the United States by Japan, South Korea, Taiwan, West
Germany and other countries with the largest trade imbalances.
"My criteria for a good amendment sets a standard for
getting the trade deficit down," he told reporters.
The trade law changes are to become part of a major
congressional and administration effort to turn around the
record U.S. trade deficit of 169 billion dlrs last year by
opening up foreign markets and making U.S. products more
competitive.
House Speaker James Wright, a Texas Democrat, said again
today he expects the full House will approve the trade bill by
May and that Reagan will accept the final congressional bill.
"I expect whatever is reported (by the Ways and Means
Committee) will pass. We will have a good bill and an effective
bill," he told reporters.
The comprehensive trade bill will include work by other
committees to ease export controls on high technology, to aid
U.S. workers displaced by foreign competition, to stimulate
research and development, to remove foreign trade barriers and
to improve education and worker training.
The lawmakers agreed that for the first time a U.S.
industry could charge foreign producers with unfair competition
if they deny basic worker rights such as collective bargaining,
safety rules and payment of a minimum wage appropriate to the
country's economic development.
They transferred to U.S. Trade Representative Clayton
Yeutter the powers now held by Reagan to decide whether to
retaliate against foreign violations of fair trade rules and
whether an injured industry deserves import relief.
They agreed to make it easier for a company to get
temporary relief from import competition but agreed the
industry should provide a plan to become competitive.
The administration has not announced its support but
Yeutter said yesterday, "I am cautiously optimistic," that the
Democratic-led House will come up with an acceptable bill.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8940" NEWID="4027">
<DATE>11-MAR-1987 19:06:36.56</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>france</D><D>ussr</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G L M T
f0945reute
r f BC-SOVIET-MINISTER-SAYS 03-11 0087</UNKNOWN>
<TEXT>
<TITLE>SOVIET MINISTER SAYS TRADE BOOST UP TO FRENCH</TITLE>
<DATELINE> PARIS, March 11 - </DATELINE><BODY>Soviet first deputy prime minister
Vsevolod Murakhovsky said at the end of a brief visit here his
country wanted to boost joint business with France, but that a
reduction of France's trade deficit with the Soviet Union
depended on the French.
Murakhovsky, who is also chairman of the State
Agro-Industrial Committee (GOSAGROPROM), told a news conference
he had discussed a variety of possible deals with French
companies Rhone-Poulenc, Pechiney and Imec.
Declining to put figures on possible contracts he said he
had discussed plant protection and the processing of highly
sulphuric gas with Rhone-Poulenc, packaging technology for
agricultural products with Pechiney, and fruit and vegetable
juice processing with Imec.
An official for Pechiney said an agreement of intent on
packaging could be signed soon, but could not give any other
details. The other two companies were not immediately available
for comment.
Asked whether he foresaw a reduction this year of France's
trade shortfall, at 7.6 billion francs in the first 11 months
of 1986 against 5.1 billion for the whole of 1985, Murakhovsky
told Reuters: "It all depends on France."
At a meeting in Paris last January French and Soviet
foreign trade ministers said they were committed to increased
efforts to reduce the deficit. Estimates at the time showed a
French 190 mln franc surplus for December 1986.
Murakhovsky said the Soviet Union was prepared to talk with
anybody with "interesting" proposals offering latest technology
and assuring "a mutual advantage."
He said the Soviet Union had many tasks ahead of it and
would deal rapidly with proposals it considered interesting.
He encouraged companies to take advantage of new laws
guaranteeing "the interests of foreign partners" in joint
ventures.
But he said no agreements had yet been finalised under the
new joint venture laws.
He said concrete deals had not yet been finalised as a
result of a one billion dollar accord signed in Moscow last
month with French businessman Jean-Baptiste Doumeng.
He said Doumeng's Interagra company was preparing proposals
for further examination by the Soviet Union. Doumeng last month
said the agreement was to exchange one billion dollars worth of
goods.
Murakhovsky said the agreement was one of intent, and
designed primarily to renew and increase the Soviet Union's
food production capacity.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8941" NEWID="4028">
<DATE>11-MAR-1987 19:09:27.77</DATE>
<TOPICS><D>crude</D></TOPICS>
<PLACES><D>ecuador</D><D>venezuela</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
RM A Y
f0952reute
u f AM-ecuador-assistance 1stld 03-11 0103</UNKNOWN>
<TEXT>
<TITLE>VENEZUELA TO LEND OIL TO ECUADOR FOR EXPORT</TITLE>
<DATELINE> Caracas, march 11 - </DATELINE><BODY>venezuela will supply ecuador with an
as yet undetermined amount of crude oil to help it meet export
commitments, seriously affected by last week's earthquake,
energy and mines minister arturo hernandez grisanti said.
He gave few details about the deal, but said a crude oil
loan agreement will be made between state oil companies
petroleos de venezuela (pdvsa) and ecuador's cepe.
Ecuador was forced to suspend oil exports for an expected
four months after an earthquake damaged a pipeline. Oil
accounts for 60 per cent of its export income.
Hernandez was speaking to reporters at miraflores palace
on the results of talks with ecuador's deputy energy minister
fernando santos alvite, who arrived here last night.
"the volume lent to ecuador would be discounted from its
opec quota and would not affect venezuela's," he said. "we would
from august on produce our own quota and sell the additional
amounts that ecuador would be repaying us," he said.
He did not elaborate on the quota arrangements but did say
ecuador would notify opec by telex that venezuela would be
lending it a certain amount over so many days.
Venezuela's opec output quota is currently 1.495 million
barrels a day, and ecuador's has been set at 210,000 bpd.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8942" NEWID="4029">
<DATE>11-MAR-1987 19:10:26.95</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
f0956reute
d f BC-EAGLE-CLOTHES-INC-<EG 03-11 0083</UNKNOWN>
<TEXT>
<TITLE>EAGLE CLOTHES INC <EGL> 2nD QTR JAN 31</TITLE>
<DATELINE> NEW YORK, March 11 -
</DATELINE><BODY>Shr profit 17 cts vs profit 14 cts
Net profit 1.3 mln vs profit 901,000
Revs 36.9 mln vs 36.2 mln
Six months
Shr profit 18 cts vs loss 11 cts
Net profit 1.4 mln vs loss 716,000
Revs 63.6 mln vs 57.7 mln
NOTE:1986 six months includes increase in provision for
doubtful accounts to 1.5 mln dlrs. 1986 shares give effect to
issuance of 1.5 mln shares in exchange for outstanding Series 1
preferred shares.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8943" NEWID="4030">
<DATE>11-MAR-1987 19:11:19.94</DATE>
<TOPICS></TOPICS>
<PLACES><D>iran</D><D>iraq</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G L M T
f0958reute
r f AM-GULF-IRAQ 03-11 0112</UNKNOWN>
<TEXT>
<TITLE>IRAQ SAYS IRAN ATTACK REPULSED ON SOUTHERN FRONT</TITLE>
<DATELINE> BAGHDAD, March 11 - </DATELINE><BODY>Iraq said it had repelled an Iranian
attack on positions held by its fourth army corps east of the
southern Iraqi town of Amarah on the Baghdad-Basra highway.
A Baghdad war communique said an Iranian infantry brigade,
backed by tanks, launched the overnight attack and fierce
fighting raged for more than six hours before Iranian troops
fled the battlefield, leaving 220 men killed and many wounded.
No major battles have been reported fought by the fourth
army corps for more than a year in the area, mainly swamplands
of the Hawizah marshes running eastward to the southern port
city of Basra.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="8944" NEWID="4031">
<DATE>11-MAR-1987 19:15:32.68</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>uk</D><D>japan</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G L M T
f0961reute
r f AM-BRITAIN-JAPAN 03-11 0120</UNKNOWN>
<TEXT>
<TITLE>BRITAIN CALLS ON JAPAN TO INCREASE IMPORTS</TITLE>
<DATELINE> LONDON, March 11 - </DATELINE><BODY>Britain today called on Japan to
increase foreign imports or risk the rise of protectionism and
the harm it would bring to it and other trading nations.
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