📄 reut2-016.sgm
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f2694reute
u f BC-GENERAL-MOTORS-<GM>-T 04-09 0052</UNKNOWN>
<TEXT>
<TITLE>GENERAL MOTORS <GM> TO IDLE 9,800 WORKERS</TITLE>
<DATELINE> DETROIT, April 9 - </DATELINE><BODY>General Motors Corp said it will
temporarily lay off 9,800 workers at two plants next week.
The layoffs will bring to 11,900 the number of General
Motors workers temporarily let go by the company.
Indefinite layoffs remain unchanged at 37,000.
General Motors said its Chevrolet-Pontiac-GM of Canada
plant at Okalhoma City, Okla., will be shut down April 13
through April 20 for inventory adjustment. Some 5,500 workers
will be idled at the plant.
General Motors' Chevrolet-Pontiac-GM of Canada plant at
Doraville, Ga., will be closed for the same period for
inventory adjustment, with 4,300 workers affected.
The company's Lakewood, Ga., plant has been shut since
December, with 2,100 workers on temporary layoff.
General Motors said it will have one car plant and five
truck plants working on on overtime Saturday, April 11.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5050" NEWID="16011">
<DATE> 9-APR-1987 17:16:11.81</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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f2695reute
d f BC-TENNEX-INDUSTRIES-TO 04-09 0076</UNKNOWN>
<TEXT>
<TITLE>TENNEX INDUSTRIES TO BUILD PLANT IN TENNESSEE</TITLE>
<DATELINE> NASHVILLE, Tenn., April 9 - </DATELINE><BODY><Tennex Industries Inc>, a
Japanese owned supplier of air cleaners for the automotive
industry, said it will build a seven mln dlr plant in
Munfreesboro, Tenn.
The company said the 37,500-square-foot plant will
initially supply parts to <Nissan Motor Manufacturing Corp USA>
in nearby Smyna.
The company said it hopes to eventually produce parts for
other U.S. car makers.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5051" NEWID="16012">
<DATE> 9-APR-1987 17:16:58.84</DATE>
<TOPICS><D>grain</D><D>corn</D></TOPICS>
<PLACES><D>usa</D><D>egypt</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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f2697reute
u f BC-EGYPT-SEEKING-500,000 04-09 0034</UNKNOWN>
<TEXT>
<TITLE>EGYPT SEEKING 500,000 TONNES CORN - U.S. TRADERS</TITLE>
<DATELINE> KANSAS CITY, April 9 - </DATELINE><BODY>Egypt is expected to tender April 22
for 500,000 tonnes of corn for May through September shipments,
private export sources said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5052" NEWID="16013">
<DATE> 9-APR-1987 17:20:34.87</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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f2704reute
r f BC-TRUSTCORP-INC-<TTCO> 04-09 0048</UNKNOWN>
<TEXT>
<TITLE>TRUSTCORP INC <TTCO> 1ST QTR NET </TITLE>
<DATELINE> TOLEDO, Ohio, April 9 -
</DATELINE><BODY>Shr 67 cts vs 62 cts
Net 9,160,000 vs 7,722,000
Assets 4.5 billion vs four billion
Note: Shr and net data are before accounting change
announced in 1986, which added 30 cts a share to year-ago 1st
qtr results.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5053" NEWID="16014">
<DATE> 9-APR-1987 17:28:02.76</DATE>
<TOPICS><D>grain</D><D>ship</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<COMPANIES></COMPANIES>
<UNKNOWN>
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f2720reute
r f BC-ny-grain-freights 04-09 0065</UNKNOWN>
<TEXT TYPE="UNPROC">
N.Y. GRAIN FREIGHTS - April 9
Nidera took TBN 12,000 tonnes HSS Toledo to Casablanca
April 29-May 5 25.00 dlrs three days load 1,000 discharge
Comanav took Radnik 20,000 tonnes Lakehead to Morocco April
15-25 22.00 dlrs 5,000 load 3,000 discharge
Krohn took Akron 75,000 tonnes anygrains on 55 feet stowage
Mississippi River to Rotterdam May 1-10 8.05 dlrs 12 days all
purposes
Continental took Legionario 40,000 tonnes River Plate to
Japan April 25-May 10 22.50 dlrs 2,000 load 5,000 free
discharge
Garnac took Sokorri 30,000 tonnes U.S. Gulf to Constanza
April 15-25 17.00 dlrs load terms unknown 3,000 discharge
reuter

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5054" NEWID="16015">
<DATE> 9-APR-1987 17:28:46.65</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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f2724reute
h f BC-NAPA-VALLEY-BANCORP-< 04-09 0019</UNKNOWN>
<TEXT>
<TITLE>NAPA VALLEY BANCORP <NVBC> 1ST QTR NET</TITLE>
<DATELINE> NAPA, Calif, April 9 -
</DATELINE><BODY>Shr 20 cts vs 25 cts
Net 487,000 vs 435,000
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5055" NEWID="16016">
<DATE> 9-APR-1987 17:29:59.20</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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f2728reute
h f BC-INTERNATIONAL-POWER-M 04-09 0078</UNKNOWN>
<TEXT>
<TITLE>INTERNATIONAL POWER MACHINES <PWR> 4TH QTR LOSS</TITLE>
<DATELINE> MESQUITE, Texas, April 9 -
</DATELINE><BODY>Shr loss 21 cts vs loss 28 cts
Net loss 817,000 vs loss 1,058,000
Revs 5,627,000 vs 7,397,000
Year
Shr loss 75 cts vs loss 1.36 dlrs
Net loss 2,872,000 vs loss 5,200,000
Revs 23.3 mln vs 21.1 mln
Note: 1985 net includes 1,255,000 adjustment in inventory
valuations and 486,000 in cost-reduction expenses.
Full name is International Power Machines Corp.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5056" NEWID="16017">
<DATE> 9-APR-1987 17:33:46.96</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>cboe</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f2736reute
u f BC-CBOE-TO-LIST-NEW-S-AN 04-09 0112</UNKNOWN>
<TEXT>
<TITLE>CBOE TO LIST NEW S AND P OPTIONS <NSX> APRIL 20</TITLE>
<DATELINE> CHICAGO, April 9 - </DATELINE><BODY>The Chicago Board Options Exchange,
CBOE, said it will list new Standard and Poor 500 stock index
options beginning April 20 that will trade side-by-side with
the existing S and P 500 options <SPX>.
The new S and P 500 option contract differs from the
existing contract in that settlement of the new contract will
be based on the opening value of the index on expiration
Friday. Settlement of the existing contract is based on the
closing value of the index on expiration Friday.
The new opening settlement S and P 500 options will be
offered only in months in which there are S and P 500 futures.
Initial months to be listed in the new options will be
June, September and December, the CBOE said.
Dissemination of the settlement of price of the new options
will be made through a special ticker symbol -- <SET>, the
exchange said.
There will initially be seven series of strike prices for
each contract month of the new options -- one strike price "at
the money," or near to the actual spot index value, and three
above and three below the spot index.
Position limits in any combination of both the new and
existing S and P 500 options will be 15,000 contracts.
The exchange said in the rare event that a stock does not
open on expiration Friday, the previous day's closing price of
that stock will be used to calculate the settlement value of
the index.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5057" NEWID="16018">
<DATE> 9-APR-1987 17:35:06.68</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS><D>ec</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
F A RM
f2743reute
r f BC-EC-WARNS-AGAINST-PASS 04-09 0111</UNKNOWN>
<TEXT>
<TITLE>EC WARNS AGAINST PASSAGE OF TEXTILE BILL</TITLE>
<DATELINE> WASHINGTON, April 9 - </DATELINE><BODY>The European Community has told
Congress that if textile legislation injuring EC interests is
approved, there was no doubt the community would retaliate
against U.S. exports.
Roy Denmam, head of the EC delegation here, issued the
warning in a letter to Senator Lloyd Bentsen, chairman of the
Finance Committee. A copy of the letter was provided Reuters.
Denmam told Bentsen, a Texas Democrat, that if the textile
legislation passed on its own or was included in an omnibus
trade bill and injured EC interests, "there should be no doubt
that the EC will retaliate against the United States."
He added that "at a time when U.S. textile exports to the EC
are growing rapidly, one result of such retaliation would be a
substantial reduction of U.S. exports and jobs."
The textile legislation, backed strongly by the industry,
hard hit by imports, and by senators from textile-producing
states would impose new tough global quotas on textile imports
and for the first time include Europe in the quotas.
Reagan Administration officials have also opposed the
textile legislation, saying that if it passed it would likely
prompt a presidential veto.
Denman made his comments on the textile issue in a general
assessment of the Senate trade bill, titled S.490.
He said he was concerned about provisions in the Senate
bill that would limit, if not eliminate, the president's
discretion if retaliating against nations for keeping their
home markets closed to foreign goods.
U.S. Trade Representative Clayton Yeutter has also opposed
those provisions, arguing that presidential flexibility was
needed in order to be able to negotiate with countries to open
their markets, with retaliation being retained as a final, but
discretionary, weapon.
The pending overall trade legislation would force the
Administration to consult often with Congress and seek its
approval during step-by-step GATT negotiations.
He said "enactment of S. 490 would reduce the confidence of
other governments in America's commitment to multinational
trade."
Summing up the senate legislation, Denman said "a number of
provisions of that bil may achieve the opposite of what is
intended and lead to dangerous consequences for the world and
the U.S. economy."
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TEST" CGISPLIT="TRAINING-SET" OLDID="5058" NEWID="16019">
<DATE> 9-APR-1987 17:39:34.36</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>cboe</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C
f2752reute
u f BC-CBOE-TO-LIST-NEW-S-AN 04-09 0110</UNKNOWN>
<TEXT>
<TITLE>CBOE TO LIST NEW S AND P OPTIONS APRIL 20</TITLE>
<DATELINE> CHICAGO, April 9 - </DATELINE><BODY>The Chicago Board Options Exchange,
CBOE, said it will list new Standard and Poor 500 stock index
options beginning April 20 that will trade side-by-side with
the existing S and P 500 options.
The new S and P 500 option contract differs from the
existing contract in that settlement of the new contract will
be based on the opening value of the index on expiration
Friday. Settlement of the existing contract is based on the
closing value of the index on expiration Friday.
The new opening settlement S and P 500 options will be
offered only in months in which there are S and P 500 futures.
Initial months to be listed in the new options will be
June, September and December, the CBOE said.
Dissemination of the settlement price of the new options
will be made through a special ticker symbol -- <SET>, the
exchange said.
There will initially be seven series of strike prices for
each contract month of the new options -- one strike price "at
the money," or near to the actual spot index value, and three
above and three below the spot index.
Position limits in any combination of both the new and
existing S and P 500 options will be 15,000 contracts.
The exchange said in the rare event that a stock does not
open on expiration Friday, the previous day's closing price of
that stock will be used to calculate the settlement value of
the index.
Reuter
</BODY></TEXT>
</REUTERS>
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