📄 reut2-011.sgm
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basis and when final polarizations are received, cumulative
import data are adjusted accordingly.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17105" NEWID="11044">
<DATE>30-MAR-1987 15:39:21.47</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2427reute
u f BC-TRANSAMERICAN-FILES-A 03-30 0092</UNKNOWN>
<TEXT>
<TITLE>TRANSAMERICAN FILES AMENDED REORGANIZATION PLAN</TITLE>
<DATELINE> HOUSTON, March 30 - </DATELINE><BODY>TransAmerican Natural Gas Corp, which
has been operating under Chapter 11 bankruptcy protection since
January 1983, said it filed an amended and restated negotiated
plan of reorganization.
A hearing on the adequacy of the disclosure statement is
scheduled for April 29 in the U.S. Bankruptcy Court for the
Southern District of Texas.
Basic terms of the amended and restated negotiated plan
have not changed from the original plan filed last October, the
company said.
The amended filing reflects adding ancillary documents to
the plan filed in October, it said.
Assuming the plan is found adequate on April 29,
TransAmerican would then seek acceptance from creditors which
is relatively assured since they participated in the
negotiations, the company said.
Liabilities in excess of one billion dlrs are being
reorganized under the amended plan which provides for full
debt-repayment to secured bank lenders.
Unsecured creditors would receive either 100 pct repayment,
secured by liens on assets, or one-time lump sum payments of 25
to 35 cts on the dollar, in cash, shortly after confirmation of
the plan by the court.
TransAmerican is vigorously resisting efforts by Coastal
Corp <CGP> to acquire its assets through a subsequent plan of
liquidation.
The spokesman said the company is confident its plan will
be confirmed and is optimistic that it will emerge from Chapter
11 as early ninety days after the April 29 confirmation.
A Coastal spokesman said it will file a plan in April with
the court and will request the court to review its plan.
On March 17, the company said that as a creditor, which is
owed 625,000 dlrs, it has a right to file its own plan which
will better serve the other creditors in a shorter time.
A TransAmerican spokesman said the net worth of Coastal's
offer is less than 25 pct of the fair market value of
Transamerican's assets which are in excess of one billion dlrs.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17106" NEWID="11045">
<DATE>30-MAR-1987 15:44:23.25</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2434reute
r f BC-TEXTRON-<TXT>-TO-REPA 03-30 0114</UNKNOWN>
<TEXT>
<TITLE>TEXTRON <TXT> TO REPAY DEBT THROUGH ASSET SALES</TITLE>
<DATELINE> PROVIDENCE, R.I., March 30 - </DATELINE><BODY>Texton Inc said it intends to
repay a substantial portion of the debt generated to acquire
Ex-Cell-O Corp last year through internally generated cash and
proceeds from the sale of assets.
Textron financed the acquisition by borrowing about one
billion dlrs under promissory notes, subsequently refinanced
through the sale of commercial paper and bank borrowings.
The large diversified conglomerate with operations ranging
from defense to consumer and financial services, said in its
annual report that it has not yet identified the units, other
than its Gorham division, it expects to sell.
Textron said it did expect to identify the units it intends
to sell during the next year. It said the sales are expected to
reduce income from continuing operations as the units' earnings
will exceed the interest on the debt retired with the proceeds
of the sales.
It also said it plans to "return to a more conservative
balance sheet ratio of debt-to-capital," through asset sales
and increasing cash flow from continuing operations.
It also said it will continue to examine "large acquisition
opportunities," while "pruning" operations no longer expected
to meet its strategic requirements.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17107" NEWID="11046">
<DATE>30-MAR-1987 15:51:12.26</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2449reute
r f BC-TEMPLETON-ENERGY-INC 03-30 0064</UNKNOWN>
<TEXT>
<TITLE>TEMPLETON ENERGY INC <TMPL> 4TH QTR NET</TITLE>
<DATELINE> HOUSTON, March 30 -
</DATELINE><BODY>Shr profit four cts vs loss six cts
Net profit 967,000 vs loss 1,219,000
Revs 10.1 mln vs 4.5 mln
Year
Shr profit three cts vs loss five cts
Net profit 688,000 vs 982,000
Revs 24.6 mln vs 16.3 mln
NOTE: 1986 includes results of Louisiana Energy and
Development Corp acquired in November 1986.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17108" NEWID="11047">
<DATE>30-MAR-1987 15:52:04.99</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2450reute
r f BC-AEL-INDUSTRIES-<AELNA 03-30 0063</UNKNOWN>
<TEXT>
<TITLE>AEL INDUSTRIES <AELNA> 4TH QTR FEB 27 NET</TITLE>
<DATELINE> LANSDALE, Pa., March 30 -
</DATELINE><BODY>Shr 66 cts vs 33 cts
Net 2,955,000 vs 1,563,000
Revs 26.1 mln vs 23.9 mln
12 mths
Shr 74 cts vs 1.01 dlrs
Net 3,321,000 vs 4,739,000
Revs 108.4 mln vs 104.9 mln
NOTE: year 1987 includes charge of 818,000 dlrs, or 18 cts
per share, for sale of Elisra Electronic Systems Ltd.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17109" NEWID="11048">
<DATE>30-MAR-1987 15:54:36.57</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2452reute
r f BC-AMOSKEAG-<AMKG>-TAKEO 03-30 0084</UNKNOWN>
<TEXT>
<TITLE>AMOSKEAG <AMKG> TAKEOVER BLOCKED BY COURT</TITLE>
<DATELINE> MANCHESTER, N.H., March 30 - </DATELINE><BODY>Amoskeag Bank Shares Inc said
the New Hampshire Supreme Court overturned its proposed
acquisition of Portsmouth Savings Bank in a three-two vote.
The acquisition had been opposed by some depositors, who
filed an action to block the takeover.
"We will respond to this news as soon as we have had an
opportunity to analyze the decision, and any and all options
available to us," chairman William Bushnell said in a
statement.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17110" NEWID="11049">
<DATE>30-MAR-1987 15:55:50.23</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2454reute
d f BC-METROMAIL-<MTMA>-PRED 03-30 0117</UNKNOWN>
<TEXT>
<TITLE>METROMAIL <MTMA> PREDICTS FLAT EARNINGS</TITLE>
<DATELINE> LINCOLN, Neb., March 30 - </DATELINE><BODY>Metromail Corp said it expects
flat operating profits for its 1987 fiscal year ending May 31
with last fiscal year's earnings from operations of 9,943,000
dlrs, or 1.05 dlrs a share.
The company said the flat results will be due to higher
than normal expenditures during the fourth quarter for
expansion of its data processing capabilities.
Earlier, Metromail reported fiscal 1987 third quarter
earnings of 2.4 mln dlrs, or 25 cts a share, versus three mln
dlrs, or 32 cts a share, the prior third quarter, and nine
months net of 7.2 mln dlrs, or 76 cts a share, versus 7.8 mln
dlrs, or 82 cts a share the prior nine months.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17111" NEWID="11050">
<DATE>30-MAR-1987 15:56:28.52</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<COMPANIES></COMPANIES>
<UNKNOWN>
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f2455reute
r f BC-APPLE-<AAPL>-EXPANDS 03-30 0088</UNKNOWN>
<TEXT>
<TITLE>APPLE <AAPL> EXPANDS NETWORK CAPABILITIES</TITLE>
<DATELINE> CUPERTINO, Calif., March 30 - </DATELINE><BODY>Apple Computer Inc said it
has extended the ability of the Apple MacIntosh personal
computer family to commmunicate over <Northern Telecom Ltd's>
Meridian SL-1 integrated services network.
The new capabilities include linking separate AppleTalk
networks, dial-up remote use of LaserWriter printers, one step
file transfer and conversion and Memorybank 485, a new 485
megabyte storage subsystem for use with MacIntosh personal
computers, Apple said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17112" NEWID="11051">
<DATE>30-MAR-1987 15:58:33.75</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2457reute
u f BC-BALL-<BLL>-ENDS-TALKS 03-30 0056</UNKNOWN>
<TEXT>
<TITLE>BALL <BLL> ENDS TALKS WITH MONSANTO <MTC></TITLE>
<DATELINE> MUNCIE, IND., March 30 - </DATELINE><BODY>Ball Corp said it was unable to
complete negotiations to acquire the plastic container business
of Monsanto Co.
It said the two companies had entered into exclusive
negotiations last October.
Neither company provided details on why the talks were
terminated.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17113" NEWID="11052">
<DATE>30-MAR-1987 15:58:44.17</DATE>
<TOPICS><D>oilseed</D><D>rapeseed</D></TOPICS>
<PLACES><D>japan</D><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G
f2458reute
u f BC-JAPAN-BUYS-CANADIAN-R 03-30 0030</UNKNOWN>
<TEXT>
<TITLE>JAPAN BUYS CANADIAN RAPESEED</TITLE>
<DATELINE> WINNIPEG, March 30 - </DATELINE><BODY>Japanese crushers bought 2,000 tonnes
of Canadian rapeseed in export business overnight for May
shipment, trade sources said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17114" NEWID="11053">
<DATE>30-MAR-1987 15:59:18.08</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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f2459reute
u f BC-NEWMONT-MINING-<NEM> 03-30 0107</UNKNOWN>
<TEXT>
<TITLE>NEWMONT MINING <NEM> SETS HIGHER SPENDING IN 1987</TITLE>
<DATELINE> NEW YORK, March 30 - </DATELINE><BODY>Newmont Mining Corp estimates its 1987
capital spending at 137 mln dlrs, its annual report said.
A company spokesman said this figure excludes <Magma Copper
Co> and compares to spending of about 80 mln dlrs in 1986
excluding the 45 mln dlrs spent on Magma operations. As
previously announced, Newmont is distributing 80 pct of Magma's
stock to its shareholders in the form of a dividend.
The report also said Newmont Mining increased its ownership
of Du Pont Co <DD> stock during 1986 to 5,970,141 shares at
year end from 5,250,376 shares a year earlier.
Newmont's annual report said the company held 2.5 pct of Du
Pont's stock at the end of 1986, up from 2.2 pct a year
earlier.
The report also said Newmont's proven oil reserves declined
to 7,970,000 barrels at the end of 1986 from 8,530,000 barrels
a year earlier and its natural gas reserves declined to 271.48
billion cubic feet from 274.82 billion at the end of 1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="17115" NEWID="11054">
<DATE>30-MAR-1987 15:59:24.50</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F
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