📄 reut2-001.sgm
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<PLACES><D>usa</D></PLACES>
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d f BC-VWR-CORP-<VWRX>-FORMS 03-03 0069</UNKNOWN>
<TEXT>
<TITLE>VWR CORP <VWRX> FORMS NEW UNIT</TITLE>
<DATELINE> SEATTLE, March 3 - </DATELINE><BODY>VWR Corp said it has formed a new
subsidiary, Momentun Textiles, to handle the distribution of
upholstery fabrics, leathers and naugahyde to contract and
consumer furniture manufacturers.
It said its VWR Textiles and Supplies unit, which had
handled that business, will continue to distribute non-woven
textiles, construction fabrics and manufacturing supplies.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16366" NEWID="1046">
<DATE> 3-MAR-1987 10:17:43.59</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
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r f BC-HALLWOOD-GROUP-<HWG> 03-03 0091</UNKNOWN>
<TEXT>
<TITLE>HALLWOOD GROUP <HWG> OFFICIAL GET SAXON POST</TITLE>
<DATELINE> DALLAS, March 3 - </DATELINE><BODY>Saxon Oil Development Partners' Saxon Oil
Co said its chairman Bill Saxon and chief executive officer
Steven Saxon have resigned effective immediately.
Saxon said Anthony Gumbiner, chairman and chief executive
officer of The Hallwood Group Inc, succeeds Bill Saxon as
chairman.
Hallwood owns a substantial number of shares of preferred
stock in Saxon which, if converted into common stock, would
constitute approximately 37 pct of the company, according to a
source.
Hallwood specializes in bailing out financially troubled
companies and restructuring their debt, according to the
source. In exchange sometimes, the group receives a small
portion of the company's common stock.
At times, the group also receives a position in the
company, as was the case at Saxon, the source explained.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16367" NEWID="1047">
<DATE> 3-MAR-1987 10:20:45.46</DATE>
<TOPICS><D>earn</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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d f BC-PHARMACIA-FORECASTS-H 03-03 0101</UNKNOWN>
<TEXT>
<TITLE>PHARMACIA FORECASTS HIGHER 1987 EARNINGS</TITLE>
<DATELINE> STOCKHOLM, March 3 - </DATELINE><BODY>Pharmacia AB <PHAB ST> forecast
earnings after financial items of one billion crowns in 1987 vs
821.2 mln last year on condition that exchange rates remained
at their present parities.
Sales would in such circumstances go up to six billion
crowns from 3.65 billion in 1986, it said.
A weakening Dollar was mainly responsible for a five pct
negative impact on sales during 1986 which the company blamed
on currency movements.
Last year's results were also badly hit by a once-off
writedown of 520 mln crowns for intangible assets.
The company said mainly this represented the premium the
group had paid for the know-how of various high-tech firms it
had taken over.
The accounts also showed a financial deficit of 1.87
billion crowns vs a deficit of 133 mln which was covered partly
by drawing down company liquidity to 738 mln vs one billion and
partly by increasing borrowing to 2.23 billion vs 621 mln.
Pharmacia said the financial deficit was caused by it
having used more funds than generated by group operations,
mainly because of the 1.36 billion it paid in cash for shares
in LKB-Produkter AB and the assets of Intermedics-Intraocular
Inc.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16368" NEWID="1048">
<DATE> 3-MAR-1987 10:23:39.80</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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d f BC-BERYLLIUM-INT'L-SETS 03-03 0121</UNKNOWN>
<TEXT>
<TITLE>BERYLLIUM INT'L SETS JOINT VENTURE WITH COMINCO</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, 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 it 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>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16369" NEWID="1049">
<DATE> 3-MAR-1987 10:26:35.62</DATE>
<TOPICS><D>gnp</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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f f BC-CANADA-REAL-4TH-QTR-G 03-03 0013</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>CANADA REAL 4TH QTR GDP ROSE 1.1 PCT, AFTER 3RD QTR 1.1 PCT RISE - OFFICIAL
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16370" NEWID="1050">
<DATE> 3-MAR-1987 10:29:04.26</DATE>
<TOPICS><D>bop</D></TOPICS>
<PLACES><D>canada</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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f f BC-CANADA-4TH-QTR-CURREN 03-03 0017</UNKNOWN>
<TEXT TYPE="BRIEF">
******<TITLE>CANADA 4TH QTR CURRENT ACCOUNT DEFICIT 2.3 BILLION DLRS VS 3RD QTR 1.9 BILLION DEFICIT - OFFICIAL
</TITLE>Blah blah blah.

</TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16371" NEWID="1051">
<DATE> 3-MAR-1987 10:29:32.44</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
<EXCHANGES></EXCHANGES>
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<UNKNOWN>
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h f BC-UNITED-GUARDIAN-<UNIR 03-03 0075</UNKNOWN>
<TEXT>
<TITLE>UNITED-GUARDIAN <UNIR>, <FEDERAL> SIGN CONTRACT</TITLE>
<DATELINE> SMITHTOWN, N.Y., March 3 - </DATELINE><BODY>United-Guardian Inc said it
signed a contract with <Federal Health Corp> covering the
exclusive marketing of Warexin, a disinfectant for kidney
dialysis machines, hospital equipment and instruments.
Under the contract, United-Guardian said Federal will
continue to supply Hospal, a subsidiary of <Sandoz Ltd> and
<Rhone Poulenc S.A.> with all its Warexin requirements.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16372" NEWID="1052">
<DATE> 3-MAR-1987 10:31:10.05</DATE>
<TOPICS><D>ship</D></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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r f BC-MCLEAN-INDUSTRIES-<MI 03-03 0082</UNKNOWN>
<TEXT>
<TITLE>MCLEAN INDUSTRIES <MII> UNIT TRANSERS SERVICE</TITLE>
<DATELINE> CRANFORD, N.J., March 3 - </DATELINE><BODY>McLean Industries Inc said its
shipping subsidiary, United States Lines Inc, reached an
agreement in principle to transfer its South American service
to American Transport Lines Inc, a subsidiary of <Crowley
Maritime Corp>.
Under the terms of the agreement, United States Lines will
lease five vessels to American Transport for 15 months with an
option to extend the period up to 10 years, the company said.
In return, U.S. Lines will receive a fixed payment and a
percentage of revenues for at least three years and possibly as
long as American Transport utilizes its vessels and conducts
trade in South America, the company said.
The companies will consummate the transactions as soon as
the required approvals are obtained, McLean said.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16373" NEWID="1053">
<DATE> 3-MAR-1987 10:32:15.36</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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u f BC-PROXMIRE-VOWS-QUICK-A 03-03 0108</UNKNOWN>
<TEXT>
<TITLE>PROXMIRE VOWS QUICK ACTION ON U.S. BANKING BILL</TITLE>
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>Senate Banking Committee Chairman
William Proxmire said modified legislation to help a federal
deposit insurance fund and prohibit new limited-service banks
and thrifts could be ready for a Senate vote in two to three
weeks.
Proxmire said he agreed to demands from committee members
for a one-year moratorium on granting new business powers
sought by commercial banks to increase the bill's chances.
In its new form, the bill would proscribe regulators from
granting new powers to banks, Proxmire told reporters after a
speech to the U.S. League of Savings Institutions.
A vote on the bill by the committee is scheduled for
Thursday. If approved it will go to the full Senate.
"I have spoken to the majority leader and he has agreed to
bring it up promptly on the Senate floor in two or three weeks,"
Proxmire told the thrift executives.
The bill would recapitalize the Federal Savings and Loan
Insurance Corp fund with 7.5 billion dlrs.
It also would prohibit establishment of new nonbank banks
and nonthrift thrifts, so-called because they provide financial
services but do not meet the regulatory definition of both
making loans and receiving deposits.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="NO" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16374" NEWID="1054">
<DATE> 3-MAR-1987 10:33:48.56</DATE>
<TOPICS></TOPICS>
<PLACES><D>usa</D></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
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u f BC-lard-consumption 03-03 0107</UNKNOWN>
<TEXT>
<TITLE>U.S. LARD CONSUMPTION IN JANUARY</TITLE>
<DATELINE> WASHINGTON, March 3 - </DATELINE><BODY>U.S. factory usage of lard in the
production of both edible and inedible products during January
totaled 21.3 mln lbs, vs a revised 25.6 mln lbs in December,
according to Census Bureau figures.
In the year-earlier period, usage, which includes
hydrogenated vegetable and animal fats and other oils in
process, amounted to 33.3 mln lbs.
Usage in January comprised 15.7 mln lbs of edible products
and 5.6 mln lbs of inedible products.
Total lard usage in the 1986/87 marketing season, which
began October 1, amounted to 104.3 mln lbs, vs 154.2 mln lbs in
the year-ago period.
Reuter
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16375" NEWID="1055">
<DATE> 3-MAR-1987 10:34:47.47</DATE>
<TOPICS></TOPICS>
<PLACES><D>netherlands</D></PLACES>
<PEOPLE></PEOPLE>
<ORGS></ORGS>
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<UNKNOWN>
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u f BC-SOCIETE-GENERALE-DUTC 03-03 0097</UNKNOWN>
<TEXT>
<TITLE>SOCIETE GENERALE DUTCH UNIT LAUNCHES CD PROGRAMME</TITLE>
<DATELINE> AMSTERDAM, March 3 - </DATELINE><BODY>The Amsterdam unit of French bank
Societe Generale said it is launching a 50-mln guilder, five
month certificate of deposit programme starting March 6 and
ending September 7.
Denominations will be in one mln guilders. The price is to
be set on March 4, issue date is March 6 and redemption at par
is on September 7.
Subscriptions are to be placed with Societe Generale,
Oolders en de Jong C.V or Haighton en Ruth B.V. A global note
for the issue will be deposited with the Dutch central bank.
REUTER
</BODY></TEXT>
</REUTERS>
<REUTERS TOPICS="YES" LEWISSPLIT="TRAIN" CGISPLIT="TRAINING-SET" OLDID="16376" NEWID="1056">
<DATE> 3-MAR-1987 10:35:22.38</DATE>
<TOPICS></TOPICS>
<PLACES><D>uk</D></PLACES>
<PEOPLE></PEOPLE>
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<UNKNOWN>
RM
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b f BC-MONY-FUNDING-ISSUES-1 03-03 0087</UNKNOWN>
<TEXT>
<TITLE>MONY FUNDING ISSUES 125 MLN DLR EUROBOND</TITLE>
<DATELINE> LONDON, March 3 - </DATELINE><BODY>Mony Funding Inc is issuing a 125 mln dlr
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