📄 reut2-001.sgm
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<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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u f BC-/U.S.-COMMERCE-SECRET 03-03 0106</UNKNOWN>
<TEXT>
<TITLE>U.S. COMMERCE SECRETARY SAYS EXPORT RISE NEEDED</TITLE>
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>Commerce Secretary Malcolm Baldrige
said after the release of a sharply lower January leading
indicator index that a pickup in exports is needed.
"The best tonic for the economy now would be a pickup in net
exports," he said in a statement after the department reported
the index fell 1.0 pct in January from December, the sharpest
drop since a 1.7 pct fall in July, 1984.
The main reasons for the January decline after a 2.3 pct
December rise were declines in building permits, new orders for
plant and equipment and for consumer and industrial goods.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16344" NEWID="1024">
<DATE> 3-MAR-1987 09:47:47.16</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-precambrian-takes 03-03 0108</UNKNOWN>
<TEXT>
<TITLE>PRECAMBRIAN SHIELD TAKES 51 MLN DLR WRITEDOWN</TITLE>
<DATELINE> CALGARY, Alberta, March 3 - </DATELINE><BODY><Precambrian Shield Resources
Ltd>, earlier reporting a large loss against year-ago profit,
said the 1986 loss was mainly due to a 51,187,000 dlr writedown
on its U.S. operations, uneconomic coal and other mineral
properties.
Precambrian, which is 89 pct owned by <Mark Resources Inc>,
said it took the writedown in accordance with new Canadian
Insititute of Chartered Accountants guidelines for full cost
method accounting by oil and gas companies.
Precambrian earlier reported a 1986 loss of 53.4 mln dlrs,
compared to profit of 4.5 mln dlrs in the prior year.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16345" NEWID="1025">
<DATE> 3-MAR-1987 09:48:24.78</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES><D>nasdaq</D></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0367reute
r f BC-AERO-SERVICES-<AEROE> 03-03 0075</UNKNOWN>
<TEXT>
<TITLE>AERO SERVICES <AEROE> GETS NASDAQ EXCEPTION</TITLE>
<DATELINE> TETERBORO, N.J., March 3 - </DATELINE><BODY>Aero Services Inc said its
common stock will continue to be included for quotation in the
National Association of Securities Dealers' NASDAQ system due
to an exception from filing requiements, which it failed to
meet as of January 15.
The company said while it believes it can meet conditions
the NASD imposed for the exception, there can be no assurance
that it will do so.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16346" NEWID="1026">
<DATE> 3-MAR-1987 09:49:23.53</DATE>
<TOPICS><D>coffee</D><D>crude</D></TOPICS>
<PLACES><D>kenya</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-KENYAN-ECONOMY-FACES 03-03 0099</UNKNOWN>
<TEXT>
<TITLE>KENYAN ECONOMY FACES PROBLEMS, PRESIDENT SAYS</TITLE>
<DATELINE> NAIROBI, March 3 - </DATELINE><BODY>The Kenyan economy is heading for
difficult times after a boom last year, and the country must
tighten its belt to prevent the balance of payments swinging
too far into deficit, President Daniel Arap Moi said.
In a speech at the state opening of parliament, Moi said
high coffee prices and cheap oil in 1986 led to economic growth
of five pct, compared with 4.1 pct in 1985.
The same factors produced a two billion shilling balance of
payments surplus and inflation fell to 5.6 pct from 10.7 pct in
1985, he added.
"But both these factors are no longer in our favour ... As a
result, we cannot expect an increase in foreign exchange
reserves during the year," he said.
The price of coffee, Kenya's main source of foreign
exchange, fell in London today to about 94 cents a pound from a
peak of 2.14 dlrs in January 1986.
Crude oil, which early last year slipped below 10 dlrs a
barrel, has since crept back to over 18 dlrs.
Moi said the price changes, coupled with a general decline
in the flow of capital from the rest of the world, made it more
difficult to finance the government's budget deficit.
Kenya was already spending over 27 pct of its budget on
servicing its debts and last year it was a net exporter of
capital for the first time in its history, he added.
"This is a clear indication that we are entering a difficult
phase as regards our external debts, and it is imperative that
we raise the rate of domestic savings and rely less on foreign
sources to finance our development," he said.
"It will be necessary to maintain strict discipline on
expenditure ... And members of this house will have to take the
lead in encouraging wananchi (ordinary people) to be more
frugal in satisfying immediate needs," the president added.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16347" NEWID="1027">
<DATE> 3-MAR-1987 09:49:45.02</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0375reute
r f BC-TRI-STAR-<TRSP>-CHANG 03-03 0079</UNKNOWN>
<TEXT>
<TITLE>TRI-STAR <TRSP> CHANGING FISCAL YEAR</TITLE>
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Tri-Star Pictures Inc said it is
changing its fiscal year to year ending at the end of February
from a calendar year to reflect the traditional business cycles
of its two principal businesses, motion picture distribution
and motion picture exhibition.
It said it expects to file a report for the two-month
fiscal "year" ended February 28, 1987 by May 28 and to report
earnings for the new first quarter in June.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16348" NEWID="1028">
<DATE> 3-MAR-1987 09:50:34.51</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0378reute
u f BC-LIFETIME-<LFT>-TO-MAK 03-03 0055</UNKNOWN>
<TEXT>
<TITLE>LIFETIME <LFT> TO MAKE ANNOUNCEMENT</TITLE>
<DATELINE> NEW YORK, March 3 - </DATELINE><BODY>Lifetime Corp said it will make an
announcement this morning between 1000 EST and 1030 EST.
A company spokesman said the company preferred not to
comment until that time.
The American Stock Exchange delayed trading in Lifetime
shares this morning for news pending.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16349" NEWID="1029">
<DATE> 3-MAR-1987 09:53:44.44</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-scott's-hospitality 03-03 0071</UNKNOWN>
<TEXT>
<TITLE>SCOTT'S HOSPITALITY ACQUIRES CAPITAL FOOD</TITLE>
<DATELINE> TORONTO, March 3 - </DATELINE><BODY><Scott's Hospitality Inc> said it
acquired all issued shares of Capital Food Services Ltd, of
Ottawa. Terms were not disclosed.
Scott's said Capital Food had 1986 sales of more than 20
mln dlrs and will continue to operate under its present name
with existing management.
Capital Food provides food services to several Ottawa
institutions, the company said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16350" NEWID="1030">
<DATE> 3-MAR-1987 09:57:02.21</DATE>
<TOPICS><D>coffee</D></TOPICS>
<PLACES><D>zimbabwe</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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r f BC-ZIMBABWE-COFFEE-OUTPU 03-03 0099</UNKNOWN>
<TEXT>
<TITLE>ZIMBABWE COFFEE OUTPUT SET TO RISE</TITLE>
<DATELINE> HARARE, March 3 - </DATELINE><BODY>Zimbabwean coffee output will reach
13,000 tonnes this year, up on just over 11,000 tonnes produced
in 1986, the Commercial Coffee Growers Association said.
Administrative Executive Robin Taylor told the domestic
news agency ZIANA that Zimbabwe earned the equivalent of 33 mln
U.S. Dlrs from coffee exports last year. He would not say how
much the country would earn in 1987.
Taylor said the 173 commercial coffee growers under his
association had increased production from 5,632 tonnes in 1980
to more than 11,000 tonnes in l986.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16351" NEWID="1031">
<DATE> 3-MAR-1987 09:58:00.11</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0401reute
r f BC-YANKEE-<YNK>-SWAPS-ST 03-03 0048</UNKNOWN>
<TEXT>
<TITLE>YANKEE <YNK> SWAPS STOCK FOR DEBENTURES</TITLE>
<DATELINE> COHASSET, Mass., March 3 - </DATELINE><BODY>Yankee Cos Inc said it has
acquired 3,916,000 dlrs of 7-1/2 pct convertible subordinated
debentures due May 15, 1998 of its YFC International Finance NV
affiliate for 501,807 common shares from an institutional
investor.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16352" NEWID="1032">
<DATE> 3-MAR-1987 10:00:52.96</DATE>
<TOPICS><D>acq</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0408reute
d f BC-VIDEO-DISPLAY-<VIDE> 03-03 0082</UNKNOWN>
<TEXT>
<TITLE>VIDEO DISPLAY <VIDE> TO SELL CABLE TV UNIT</TITLE>
<DATELINE> ATLANTA, March 3 - </DATELINE><BODY>Video Display Corfp said it has reached
a tentiative agreement to sell its existing cable television
business for undisclosed terms and expects to report a gain on
the transaction. The buyer was not named.
The company said it will redeploy its service assets into
manufacturing and distribution.
It said the operations being sold accounted for about five
pct of revenues for the year ended February 28 and lost money.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16353" NEWID="1033">
<DATE> 3-MAR-1987 10:00:57.16</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0409reute
d f BC-INTEK-DIVERSIFIED-COR 03-03 0041</UNKNOWN>
<TEXT>
<TITLE>INTEK DIVERSIFIED CORP <IDCC> 4TH QTR NET</TITLE>
<DATELINE> LOS ANGELES, March 3 -
</DATELINE><BODY>Shr three cts vs three cts
Net 98,20000 vs 91,898
Revs 2,843,520 vs 2,372,457
Year
Shr 13 cts vs 21 cts
Net 401,179 vs 681,374
Revs 10.5 mln vs 9,699,535
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16354" NEWID="1034">
<DATE> 3-MAR-1987 10:01:14.42</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
<COMPANIES></COMPANIES>
<UNKNOWN>
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f0410reute
d f BC-BERYLLIUM-INT'L-SIGNS 03-03 0122</UNKNOWN>
<TEXT>
<TITLE>BERYLLIUM INT'L SIGNS JOINT VENTURE PACT</TITLE>
<DATELINE> SALT LAKE CITY, Utah, March 3 - </DATELINE><BODY><Beryllium International
Corp> said it has signed a joint venture agreement with Cominco
American Inc, a unit of Cominco Ltd <CLT>, to develop a
beryllium mine and processing plant on Beryllium
International's property in the Topaz Mountains southwest of
Salt Lake City.
Beryllium said as a 49 pct owner of the venture iot would
be contributing the mine while Cominco, as operator and 51 pct
owner, would conduct drilling, metallurgical studies, process
testing and other preliminary work for a feasibility study.
Beryllium said the cost of the preliminary work in 1987,
which will start immediately, should be about 250,000 dlrs to
300,000 dlrs.
Reuter
</BODY></TEXT>
</REUTERS>
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