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<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17062" NEWID="11001">
<DATE>30-MAR-1987 14:22:36.87</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
F A RM
f2192reute
u f BC-FIDATA-<FID>-ANNOUNCE 03-30 0086</UNKNOWN>
<TEXT>
<TITLE>FIDATA <FID> ANNOUNCES PRELIMINARY ESM SETTLEMENT</TITLE>
<DATELINE> NEW YORK, March 30 - </DATELINE><BODY>Fidata Corp <FID> and its subsidiary,
Fidata Trust Company New York <FTCNY>, announced that they have
reached a preliminary settlement agreement in principle in the
lawsuits filed by major parties arising out of the E.S.M.
Government Securities, Inc bankruptcy.
Fidata Corp said that it anticipates that the cost of the
proposed settlement, after anticipated recoveries, will be less
than 4 mln dlrs, and possibly significantly less.
The major terms of the settlement agreement, applicable to
Fidata and FTCNY, provide for the release by Fidata of its
claims to 1.125 mln dlrs held by the ESM estate, and the
further payment of 8.425 mln dlrs for distribution to the
public body plaintiffs and Home State Savings Bank.
Fidata said it expects to recover along with its subsidiary
at least half of the sums to be paid under the terms of the
agreement, and potentially amounts substantially in excess of
that.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17063" NEWID="11002">
<DATE>30-MAR-1987 14:23:25.56</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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w f BC-LOUISVILLE-GAS<LOU>-T 03-30 0084</UNKNOWN>
<TEXT>
<TITLE>LOUISVILLE GAS<LOU> TO ASK PROTECTIVE MEASURES</TITLE>
<DATELINE> LOUISVILLE, KY., March 30 - </DATELINE><BODY>Louisville Gas and Electric Co
said it will ask stockholders at its May 12 annual meeting to
approve several anti-takeover proposals.
It said the measures include staggered terms for directors
and a fair price provision that would require a potential
purchaser to make the same offer to all stockholders.
Louisville Gas said the amendments are not in response to
any specific effort to obtain control of the company.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17064" NEWID="11003">
<DATE>30-MAR-1987 14:23:31.58</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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h f BC-TRACOR-<TRR>-UNIT-WIN 03-30 0064</UNKNOWN>
<TEXT>
<TITLE>TRACOR <TRR> UNIT WINS NAVY CONTRACT</TITLE>
<DATELINE> AUSTIN, March 30 - </DATELINE><BODY>Tracor Inc said its Tracor Applied
Sciences unit was awarded a 1.9 mln dlr contract by the U.S.
Navy's Naval Underwater Systems Center.
Under the contract, Tracor said the unit will provide
analytical, experimental, engineering and technical services to
the Navy's Surface Ships Antisubmarine Warefare Development
Program.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17065" NEWID="11004">
<DATE>30-MAR-1987 14:23:38.33</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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r f BC-CAMPBELL-SOUP-<CPB>-T 03-30 0056</UNKNOWN>
<TEXT>
<TITLE>CAMPBELL SOUP <CPB> TO SELL PLANT IN DELAWARE</TITLE>
<DATELINE> CAMDEN, N.J., March 30 - </DATELINE><BODY>Campbell Soup co said it will sell
its W.L. Wheatley ingredients plant in Clayton, Del., as a
going operation.
It said it will continue to operate the plant until a buyer
is found. The sale is aimed at improving Campbell's return on
assets, the company said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17066" NEWID="11005">
<DATE>30-MAR-1987 14:28:03.38</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>india</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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h f BC-VIDEO-DISPLAY-<VIDE> 03-30 0065</UNKNOWN>
<TEXT>
<TITLE>VIDEO DISPLAY <VIDE> IN INDIAN JOINT VENTURE</TITLE>
<DATELINE> STONE MOUNTAIN, Ga., March 30 - </DATELINE><BODY>Video Display Corp said it
signed agreements with <Glowtronics <Ltd> to jointly build a
manufacturing plant in the state of Karnatake, India.
Video Display said the plant, in which it will own a 40 pct
equity interest, will make cathodes, filament heatrers and
electron gun assembles for television sets.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17067" NEWID="11006">
<DATE>30-MAR-1987 14:28:16.03</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
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f f BC-TAFT 03-30 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>BASS GROUP SAYS IT HAS HAD TALKS ON SEEKING CONTROL OF TAFT BROADCASTING
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17068" NEWID="11007">
<DATE>30-MAR-1987 14:29:14.28</DATE>
<TOPICS><D>crude</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
Y
f2209reute
u f BC-REFINE- 03-30 0103</UNKNOWN>
<TEXT>
<TITLE>LOWER REFINERY OPERATIONS SEEN PRODUCING PROFITS</TITLE>
<AUTHOR> By BERNICE NAPACH, Reuters</AUTHOR>
<DATELINE> SAN ANTONIO, TEXAS, March 30 - </DATELINE><BODY>U.S. refiners will have to
reduce operations if they want to be profitable this year, said
industry officials attending the National Petroleum Refiners
Association meeting here.
"If the refining sector can discipline itself to refine
about 12 mln barrels of crude oil a day, we have a chance to
pull down inventories to acceptable levels by the second
quarter, said Archie Dunham, executive vice president of
petroluem products at Conoco Inc
"If not, the industry will have a tough 1987," he added.
Last week's American Petroleum Institute report said that
U.S. refining capacity rose three pct to 78.7 pct of capacity,
with crude oil runs at 12.2 mln barrels per day for the week
ended March 20.
The API said that with the higher crude oil runs,
distillate and gasoline inventories were sharply above year-ago
levels. Gasoline stocks were at 245.6 mln barrels, some 17.2
mln barrels above year-ago levels. Distillate stocks, at 108.7
mln barrels, are 10.9 mln barrels above last year's level, the
API said.
Henry Rosenberg, chairman of Crown Central Petroleum Corp
<CNP> told Reuters that unless refining and marketing return to
profitability, oil companies will have to rely on downstream
operations to produce an acceptable level of earnings.
"The jump in refining capacity is a concern if it
continues," said Kenneth Buckler, executive vice president of
refining and marketing at <Total Petroleum Co>, a U.S.
subsidiary of Cie Francaise Des Petroles of France.
Refineries should operate near 75 pct of capacity given
the current level of demand but the operating level should
increase as gasoline demand picks up in the next quarter,
Buckler said.
Dunham said the potential operable capacity of U.S.
refineries should also be cut about 500,000 barrels of crude
per day. "I expect to see the shutdown of more small refineries
over the next five years," he said, adding that these
facilities refine between 10,000 and 30,000 barrels of crude
oil per day. The API said U.S. operations have the capacity to
refine 15.6 mln bpd of crude.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17069" NEWID="11008">
<DATE>30-MAR-1987 14:29:24.83</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2210reute
r f BC-NYNEX 03-30 0103</UNKNOWN>
<TEXT>
<TITLE>NYNEX <NYN> UNIT FILES 500 MLN DLR DEBT OFFERING</TITLE>
<DATELINE> WASHINGTON, March 30 - </DATELINE><BODY>New York Telephone Co, a subsidiary
of NYNEX Corp, filed with the Securities and Exchange
Commission for a shelf offering of up to 500 mln dlrs of debt
securities on terms to be determined at the time of the sale.
Proceeds from the offering, which is in addition to 50 mln
dlrs of debt securities already registered with the SEC but
unsold, will be used to refinance outstanding long-term debt,
to repay short-term debt and for other general corporate
purposes, the company said.
The company did not name an underwriter for the sale.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17070" NEWID="11009">
<DATE>30-MAR-1987 14:29:34.81</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
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d f BC-HALIFAX-ENGINEERING-< 03-30 0101</UNKNOWN>
<TEXT>
<TITLE>HALIFAX ENGINEERING <HX> GETS CONTRACTS</TITLE>
<DATELINE> ALEXANDRIA, Va., March 30 - </DATELINE><BODY>Halifax Engineering Inc said it
has received a fixed-price contract woirth 6,700,000 dlrs for
one year, plus two option years, to provide security services
for the U.S. Embassy in Tegucigalpa.
The company said it has also received a three-year U.S.
Army contract, including two option years, for
telecommunications installation support. The contract is worth
a total of 7,500,000 dlrs, it said.
Halifax said its backlog as of tomorrow, the end of its
fiscal year, will be about 53 mln dlrs, up from 27 mln dlrs a
year before.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17071" NEWID="11010">
<DATE>30-MAR-1987 14:29:58.53</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>sweden</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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d f BC-<ELECTROLUX-AB>-UNIT 03-30 0095</UNKNOWN>
<TEXT>
<TITLE><ELECTROLUX AB> UNIT TO BUILD WAREHOUSE</TITLE>
<DATELINE> ASHEVILLE, N.C., March 30 - </DATELINE><BODY>The North Carolina Department
of Commerce said Electrolux AB of Sweden's White Consolidated
Industries subsidiary will locate a new 15 mln dlr 352,000
square foot national appliance parts distribution center at
Asheville, N.C.
It said the center will handle parts for Frigidaire,
Tappan, Kelvinator, Gibson, Vesta and White-Westinghouse
product lines. Each now has a separate distribution center.
The department said construction will start immediately and
should be finished in late 1987.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17072" NEWID="11011">
<DATE>30-MAR-1987 14:30:15.88</DATE>
<TOPICS></TOPICS>
<PLACES><D>uk</D><D>france</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<COMPANIES></COMPANIES>
<UNKNOWN>
RM
f2215reute
u f BC-SALOMON-SA-EURO-CP/CR 03-30 0106</UNKNOWN>
<TEXT>
<TITLE>SALOMON SA EURO-CP/CREDIT TERMS DETAILED</TITLE>
<DATELINE> LONDON, March 30 - </DATELINE><BODY>A seven-year credit facility for Salomon
SA, the French ski bindings and boots maker, will have a
facility fee of 7.5 basis point, banking sources said.
The financing involves a 75 mln dlr euro-commercial paper
program which will be supported by a 75 mln dlr committed
syndicated revolving credit. Morgan Guaranty Ltd is the
arranger.
Drawings on the revolving credit will be at a margin of 10
basis points over the London Interbank Offered Rate (LIBOR).
Banks are being invited to join at 7.5 mln dlrs for 10 basis
points and at five mln dlrs for eight basis points.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17073" NEWID="11012">
<DATE>30-MAR-1987 14:32:12.01</DATE>
<TOPICS><D>grain</D><D>wheat</D><D>corn</D><D>oilseed</D><D>soybean</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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