📄 reut2-000.sgm
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Net loss 3,035,000 vs loss 2,516,000
Revs 20.9 mln vs 19.6 mln
Qtly div three cts vs three cts prior
Year
Shr profit two cts vs profit 34 cts
Net profit 215,000 vs profit 4,647,000
Revs 93.4 mln vs 98.7 mln
NOTE: Dividend payable April one to shareholders of record
March 17.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5581" NEWID="38">
<DATE>26-FEB-1987 15:45:47.29</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
E F
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d f BC-<CINRAM-LTD>-4TH-QTR 02-26 0051</UNKNOWN>
<TEXT>
<TITLE><CINRAM LTD> 4TH QTR NET</TITLE>
<DATELINE> Scarborough, Ontario, Feb 26 -
</DATELINE><BODY>Shr 45 cts vs 58 cts
Net 1.1 mln vs 829,000
Sales 7.9 mln vs 9.4 mln
Avg shrs 2,332,397 vs 1,428,000
Year
Shr 1.22 dlrs vs 1.06 dlrs
Net 2.9 mln vs 1.5 mln
Sales 25.7 mln vs 22.2 mln
Avg shrs 2,332,397 vs 1,428,000
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5582" NEWID="39">
<DATE>26-FEB-1987 15:46:36.16</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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h f BC-DU-PONT-CO-<DD>-LAUNC 02-26 0105</UNKNOWN>
<TEXT>
<TITLE>DU PONT CO <DD> LAUNCHES IMPROVED ARAMID FIBERS</TITLE>
<DATELINE> WILMINGTON, Del., Feb 26 - </DATELINE><BODY>The Du Pont Co said it has
devloped a new generation of high-strength aramid fibers which
is stiffer and less absorbant than previous generations.
Du Pont said the new product, Kevlar 149, is up to 40 pct
stiffer than first generation aramids, and absorbs less than
half the moister of other similar aramid fibers.
Kevlar was invented by Du Pont in the late 1960s and is
five times stronger than steel and 10 times stronger than
aluminum on an equal wieght basis, and is used to replace
metals in a variety of products, according to the company.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5583" NEWID="40">
<DATE>26-FEB-1987 15:47:16.17</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-STANDARD-TRUSTCO-SEES 02-26 0099</UNKNOWN>
<TEXT>
<TITLE>STANDARD TRUSTCO SEES BETTER YEAR</TITLE>
<DATELINE> Toronto, Feb 26 - </DATELINE><BODY>Standard Trustco said it expects earnings
in 1987 to increase at least 15 to 20 pct from the 9,140,000
dlrs, or 2.52 dlrs per share, recorded in 1986.
"Stable interest rates and a growing economy are expected to
provide favorable conditions for further growth in 1987,"
president Brian O'Malley told shareholders at the annual
meeting.
Standard Trustco previously reported assets of 1.28 billion
dlrs in 1986, up from 1.10 billion dlrs in 1985. Return on
common shareholders' equity was 18.6 pct last year, up from 15
pct in 1985.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5584" NEWID="41">
<DATE>26-FEB-1987 15:48:26.92</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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<TEXT>
<TITLE>HANDY AND HARMAN <HNH> 4TH QTR LOSS</TITLE>
<DATELINE> NEW YORK, Feb 26 -
</DATELINE><BODY>Shr loss 51 cts vs loss three cts
Net loss 7,041,000 vs loss 467,000
Rev 138.9 mln vs 131.4 mln
12 months
Shr loss 64 cts vs profit 46 cts
Net loss 8,843,000 vs profit 6,306,0000
Rev 558.9 mln vs 556.7 mln
NOTE: Net loss for 4th qtr 1986 includes charge for
restructuring of 2.6 mln dlrs after tax, or 19 cts a share.
1986 net loss includes after tax special charge of 2.7 mln
dlrs, or 20 cts a share.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5585" NEWID="42">
<DATE>26-FEB-1987 15:49:27.16</DATE>
<TOPICS><D>coffee</D></TOPICS>
<PLACES><D>uk</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS><D>ico-coffee</D></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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b f BC-ICO-PRODUCERS-TO-PRES 02-26 0109</UNKNOWN>
<TEXT>
<TITLE>ICO PRODUCERS TO PRESENT NEW COFFEE PROPOSAL</TITLE>
<DATELINE> LONDON, Feb 26 - </DATELINE><BODY>International Coffee Organization, ICO,
producing countries will present a proposal for reintroducing
export quotas for 12 months from April 1 with a firm
undertaking to try to negotiate up to September 30 any future
quota distribution on a new basis, ICO delegates said.
Distribution from April 1 would be on an unchanged basis as
in an earlier producer proposal, which includes shortfall
redistributions totalling 1.22 mln bags, they said.
Resumption of an ICO contact group meeting with consumers,
scheduled for this evening, has been postponed until tomorrow,
delegates said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5586" NEWID="43">
<DATE>26-FEB-1987 15:49:44.93</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D><D>iran</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
V RM
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u f AM-REAGAN-SHULTZ-1STLD 02-26 0108</UNKNOWN>
<TEXT>
<TITLE>SHULTZ SAYS NO RESIGNATION OVER IRAN REPORT</TITLE>
<DATELINE> ANCHORAGE, Alaska, Feb 26 - </DATELINE><BODY>Secretary of State George
Shultz acknowledged failings in the Iran arms affair but
declared he would not resign.
His role in the scandal that has scarred the Reagan
administration attracted harsh criticism from the Tower
commission in its report on the affair published today.
Shultz, travelling to China for a week-long visit, refused
to comment directly on the report, published after he had left
Washington. But he repeated -- as he has done since the crisis
broke last November -- that he was not going to resign.
"You can wipe that off your slate," he said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5587" NEWID="44">
<DATE>26-FEB-1987 15:49:56.01</DATE>
<TOPICS><D>acq</D><D>ship</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-MCLEAN'S-<MII>-U.S.-L 02-26 0094</UNKNOWN>
<TEXT>
<TITLE>MCLEAN'S <MII> U.S. LINES SETS ASSET TRANSFER</TITLE>
<DATELINE> CRANFORD, N.J., Feb 26 - </DATELINE><BODY>McLean Industries Inc's United
States Lines Inc subsidiary said it has agreed in principle to
transfer its South American service by arranging for the
transfer of certain charters and assets to <Crowley Mariotime
Corp>'s American Transport Lines Inc subsidiary.
U.S. Lines said negotiations on the contract are expected
to be completed within the next week. Terms and conditions of
the contract would be subject to approval of various regulatory
bodies, including the U.S. Bankruptcy Court.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5588" NEWID="45">
<DATE>26-FEB-1987 15:51:17.84</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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u f BC-CHEMLAWN-<CHEM>-RISES 02-26 0106</UNKNOWN>
<TEXT>
<TITLE>CHEMLAWN <CHEM> RISES ON HOPES FOR HIGHER BIDS</TITLE>
<AUTHOR> By Cal Mankowski, Reuters</AUTHOR>
<DATELINE> NEW YORK, Feb 26 - </DATELINE><BODY>ChemLawn Corp <CHEM> could attract a
higher bid than the 27 dlrs per share offered by Waste
Management Inc <WNX>, Wall Street arbitrageurs said.
Shares of ChemLawn shot up 11-5/8 to 29-3/8 in
over-the-counter- trading with 3.8 mln of the company's 10.1
mln shares changing hands by late afternoon.
"This company could go for 10 times cash flow or 30 dlrs,
maybe 32 dollars depending on whether there is a competing
bidder," an arbitrageur said. Waste Management's tender offer,
announced before the opening today, expires March 25.
"This is totally by surprise," said Debra Strohmaier, a
ChemLawn spokeswoman. The company's board held a regularly
scheduled meeting today and was discussing the Waste Management
announcement. She said a statement was expected but it was not
certain when it would be ready.
She was unable to say if there had been any prior contact
between Waste Management and ChemLawn officials.
"I think they will resist it," said Elliott Schlang,
analyst at Prescott, Ball and Turben Inc. "Any company that
doesn't like a surprise attack would."
Arbitrageurs pointed out it is difficult to resist tender
offers for any and all shares for cash. Schlang said ChemLawn
could try to find a white knight if does not want to be
acquired by Waste Management.
Analyst Rosemarie Morbelli of Ingalls and Snyder said
ServiceMaster Companies L.P. <SVM> or Rollins Inc <ROL> were
examples of companies that could be interested.
ChemLawn, with about two mln customers, is the largest U.S.
company involved in application of fertilizers, pesticides and
herbicides on lawns. Waste Management is involved in removal of
wastes.
Schlang said ChemLawn's customer base could be valuable to
another company that wants to capitalize on a strong
residential and commercial distribution system.
Both Schlang and Morbelli noted that high growth rates had
catapulted ChemLawn's share price into the mid-30's in 1983 but
the stock languished as the rate of growth slowed.
Schlang said the company's profits are concentrated in the
fourth quarter. In 1986 ChemLawn earned 1.19 dlrs per share for
the full year, and 2.58 dlrs in the fourth quarter.
Morbelli noted ChemLawn competes with thousands of
individual entrepreuers who offer lawn and garden care sevice.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5589" NEWID="46">
<DATE>26-FEB-1987 15:51:28.42</DATE>
<TOPICS><D>sugar</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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b f BC-sugar-imports 02-26 0120</UNKNOWN>
<TEXT>
<TITLE>U.S. SUGAR IMPORTS DOWN IN WEEK - USDA</TITLE>
<DATELINE> WASHINGTON, Feb 26 - </DATELINE><BODY>Sugar imports subject to the U.S.
sugar import quota during the week ended January 9, the initial
week of the 1987 sugar quota year, totaled 5,988 short tons
versus 46,254 tons the previous week, the Agriculture
Department said.
The sugar import quota for the 1987 quota year
(January-December) has been set at 1,001,430 short tons
compared with 1,850,000 tons in the 1986 quota year, which was
extended three months to December 31.
The department said the Customs Service has reported that
weekly and cumulative imports are reported on an actual weight
basis and when final polarizations are received, cumulative
import data are adjusted accordingly.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="5590" NEWID="47">
<DATE>26-FEB-1987 15:51:51.24</DATE>
<TOPICS><D>trade</D></TOPICS>
<PLACES><D>brazil</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
C G L M T
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<TEXT>
<TITLE>BRAZIL ANTI-INFLATION PLAN LIMPS TO ANNIVERSARY</TITLE>
<DATELINE> RIO DE JANEIRO, Feb 26 - Brazil's "Cruzado" anti- </DATELINE><BODY>inflation
plan, initially hailed at home and abroad as the saviour of the
economy, is limping towards its first anniversary amid soaring
prices, widespread shortages and a foreign payments crisis.
Announced last February 28 the plan froze prices, fixed the
value of the new Cruzado currency and en
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