Subject: test1.data From: jvncnet!wilbur.coyote.trw.com!cwong (Chun Wong) Date: Fri, 15 Apr 94 16:15:48 PDT
How the Web Was Won
Subject: test1.data
From: jvncnet!wilbur.coyote.trw.com!cwong (Chun Wong)
Date: Fri, 15 Apr 94 16:15:48 PDT
Content-Length: 525801
Status: RO
X-Lines: 15139
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells ADDVANTAGE MEDIA GROUP INC Stock
ISSUER: ADDVANTAGE MEDIA GROUP INC.
SYMBOL: ADDM
FILER: JERD RUSSELL F
TITLE: Officer and director.
SOLD: 9/22-25/92 4,000 1.63-1.75
OWNERSHIP: 0 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:04
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells ADAPTEC INC. Stock
ISSUER: ADAPTEC INC.
SYMBOL: ADPT
FILER: STOIBER THOMAS C
TITLE: Vice president.
SOLD: 9/9/92 6,875 25.38
OWNERSHIP: 463 Direct Common
COMMENT: Open Market Sale
10/14/92 03:04
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: *Japan Corporate Insolvencies Rise 35% In September On Yr To 1,145
Cases
- - 0015EDT
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Capital Market Reports
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SOURCE: CapMrkt
DATE: 199404120109
SUBJ: *Insolvent Japanese Companies Leave Behind 706.7 Bln Yen In Debt In
September, Up 25% From Year Before
- - 0015EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys ARGENTINA FUND INC., THE Stock
ISSUER: ARGENTINA FUND INC., THE
SYMBOL: AF
FILER: VILLANI EDMOND D
TITLE: Affiliate of an investment advisor.
PURCHASED: 9/30/92 1,500 10.00
OWNERSHIP: 3,500 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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DJ International News Financial Wire ('World Equity Report')
DJ International News Financial Wire ('World Equity Report')
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Quotron Deletions And Additions
NEW YORK -(AP-DJ)--The following are the latest deletions and additions
to the New York Stock Exchange, American Stock Exchange, and NASDAQ lists
and the stocks', bonds' and mutual funds' Quotron symbols:
EFFECTIVE OCT. 14
ADDITIONS-QUOTRON
KLYB AMB KELLY OIL & GAS PTNRS CV SUB NOTES DUE 1999
MTU NY MANAGED MUNI PORT I I INC
SP NY SPELLING ENTERTAINMENT GROUP INC
TST AM MEDIA LOGIC INC
VALL NYB VALHI INC LYON SR 0/ DUE 2007
DELETIONS-QUOTRON
BLYW NY BALLY MANUFACTURING CORP W I
VAM NYB VALHI INC LYON SR 0/ DUE 2007
CHANGES-QUOTRON
CHANGING SYMBOLS ON VALHI BOND FROM -VAM- TO -VALL-
CHANGES EMERGING COS MARKETPLACE TSTEC WILL NOW TRADE ON THE AMERICAN STOCK
EXCHANGE DROPPING THE -EC- FROM ITS SYMBOL. THE SYMBOL WILL BE -TST.-
ADDITIONS-NASDAQ-NONE
DELETIONS-NASDAQ-NONE
- - 0400GMT
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090001, Page: A1
SOURCE: WSJour
DATE: 199404120252
SUBJ: The Plot Thickens: As `Iraqgate' Unfolds, New -0202-
SECTION: A1 , ACCESSION: 199210090001
For Iraq, U.S. government credits were crucial to plans for rebuilding
after the war with Iran. Iraq had begun to default on loans from banks,
and was in the process of stiffing government-backed credit agencies in
Germany, Japan, the Soviet Union, France and Australia.
The Bush administration, which saw trade as a lever to influence Saddam
Hussein's behavior, was eager to step into the breach. For U.S.
corporations and the lawmakers they enlisted to help them, Iraq
represented a potential gusher of business. Since Iraq was considered one
of the world's least credit-worthy trading partners, taxpayer-backed
financing was sought to reduce the risk.
Under heavy pressure from Iraq, Capitol Hill, the White House and U.S.
commodity exporters, the Agriculture Department caved in and now faces a
potential loss of as much as $2 billion in defaulting CCC loans allocated
to support Iraq. The losses may be partly offset by funds from Iraqi
assets frozen at the 1990 invasion of Kuwait.
In the months following the Gulf War, the administration has been loath
to discuss its policy of active support for Saddam Hussein. Nicholas
Rostow, special assistant to the president and legal adviser, in an April
1991 memo to White House Counsel C. Boyden Gray and several other
government counsels, warned about the mounting congressional requests for
information. He wrote that all such requests for documents should be
screened to see if they involve "issues of executive privilege
(deliberative process, foreign relations, national security, etc.)." Mr.
Rostow added: "Alternatives to providing documents should be explored."
Earlier, a Commerce Department office delivered to a congressional panel
altered records involving export licenses it provided for various Iraqi
acquisitions. In one case, the Commerce Department office deleted a
statement that the end-user of a batch of U.S. trucks "is involved in
military matters." In another instance, the office inserted language
stating that some equipment would be used in a factory making videotapes
for consumer electronics, thus giving the sale a more harmless
appearance.
Not everybody in government was drawn into the pro-Iraqi program, or
faced the same embarrassment when it fell apart. The Eximbank, a
relatively obscure independent agency of banking technocrats, believed
Iraq was engaged in a sort of "financial blackmail" around the world, says
Arthur Pilzer, former vice president of the Eximbank division that handled
exports to the Mideast. "They {Iraq officials} were saying to export
credit agencies in other countries: `If you lend us more money, we will
pay our old debts. If you don't, we won't.'"
Around Washington, an Eximbank memo notes, Iraq was using "U.S. exporters
to lobby for new credit." But Iraq's ability to repay its ballooning loans
was questionable. Eximbank said Iraq's debts would grow by $3 billion to
$8 billion a year, while its expanded oil output could bring in only a
further $1 billion a year.
And Eximbank had other qualms. A June 1989 study it did with help from
the Federal Reserve and CIA said Iraq was acquiring Western technology to
support its growing military arsenal, despite promises to the contrary.
The report said Iraq's ministry of industry and military industrialization
was planning to "integrate" U.S.-acquired technology, such as vehicle
assembly plants, "directly into Iraq's planned missile, tank, and armored
personnel carrier industries."
The Eximbank didn't escape unscathed. Despite limiting Iraq to $200
million of government-insured one-year loans, the bank estimates it lost
$80 million in deals with Baghdad. But "that amount could have gone
through the roof," notes Chairman Henry Gonzalez of the House Banking
Committee, which began the first major probe of Iraq's efforts. European
and Japanese government export credit agencies lost more than $20
billion.
The Eximbank's warning wasn't the only one the Bush administration
ignored in pursuing its policy of aiding Saddam's Iraq. In a secret memo,
State Department staffers cautioned Secretary of State James Baker on
March 24, 1989, that "Iraq retains its heavy-handed approach to foreign
affairs . . . and is working hard at chemical and biological weapons and
new missiles." In addition, there were reports that U.S. trade credits
were freeing up funds that Iraq was using to build up its military. And
the administration had received reports that Iraq had used chemical
weapons against the Kurds and continued to support international
terrorists.
Baghdad's principal counterweight to these voices of apprehension was
Nizar Hamdoon. As Iraq's ambassador to the U.S. in the mid-1980s, he
helped stir corporate interest in doing business with Iraq. The
articulate, hard-faced former Baath Party regular also oversaw Iraqi
missile procurement and intelligence operations. Later, as Iraq's
undersecretary of state, he visited Washington frequently to push for
trade credits. What struck many about him was his salesmanship. "He would
come by every couple of months and say to us, `You realize you're losing a
potentially huge market,'" recalls Eximbank's Mr. Pilzer. (Mr. Hamdoon is
now at the U.N. for Iraq.)
The White House seems to have bought the Hamdoon pitch. Two months after
the FBI raid on BNL-Atlanta, Mr. Bush signed a secret national security
directve promoting trade with Iraq. The same month, October 1989,
Secretary of State Baker telephoned Agriculture Secretary Clayton Yeutter
to push for an increase in agricultural credits for Iraq. Notes on the
conversation were provided a congressional panel investigating the Iraqi
dealings. According to them, Mr. Baker made it clear that "we want to get
this important program back on track quickly." The next month, the
Department of Agriculture was persuaded to raise to $1 billion, from a
proposed $400 million, its guarantees of CCC loans to finance exports to
Iraq.
In a letter to the Treasury defending the Agriculture move, Lawrence S.
Eagleburger, now acting Secretary of State, said, "Our ability to
influence Iraqi behavior in areas from Lebanon to the Middle East peace
process to missile proliferation is enhanced by expanded trade."
In January 1990, Congress passed a measure barring the Eximbank from
lending to states whose policies and behavior were considered harmful to
U.S. interests. Nine nations were on the list. However, President Bush
intervened to exempt Iraq.
For its part, the State Department appeared chiefly concerned with
keeping Baghdad's approval. In a February 1990 memo to Robert Kimmitt,
then undersecretary of state for policy, John H. Kelly, another Mideast
specialist, fretted over a possible slowdown in the Agriculture
Department's loans to support grain sales. The program "is a key component
of the relationship and failure to approve the loans will feed Saddam's
paranoia and accelerate his swing against us," Mr. Kelly wrote. "We need
to move quickly to get this critical program back on track."
But as U.S. loans to Iraq piled up, Saddam Hussein's behavior worsened.
In April 1990, after the Iraqi dictator threatened to burn half of Israel
with some unspecified new weapon, the harsh truth sank in. The
administration began to rethink its support and managed to suspend $500
million of the CCC credits.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: SIMEX Currencies Mixed; Nikkei Lower; Dec Yen At 8245
SINGAPORE -(AP-DJ)--Currency futures are mixed on the Singapore
International Monetary Exchange (SIMEX).
Three-month Eurodollar deposit-rate futures are lower, as is the Nikkei
index contract.
December delivery yen was heard offered at 0.8245 U.S. cent, off from
0.8260 cent at the close of IMM Tuesday but above the previous SIMEX close
of 0.8220 cent.
December delivery marks were heard offered at $0.6764, up from $0.6740 at
the IMM close and from the previous SIMEX close of $0.6691. December
sterling was offered at $1.6990, off from $1.7066 Tuesday at the IMM, but
up from its previous closing of $1.6950 at SIMEX.
December Eurodollar futures, last offered at 96.66, is slightly off from
96.68 at their Tuesday SIMEX close. December Euroyen futures were offered
at 96.39, higher than from the previous finish 96.36.
December Nikkei futures were offered at 17,610 points, down from its
previous closing of 17,675 points and off its opening level of 17,850
points.
-0- 0010EDT
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Capital Market Reports
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SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Japan Insolvencies-2:"Recession" Failures 50.4% Of Total
TOKYO -(AP-DJ)--Japanese corporate insolvencies in
September jumped 35% from the year before to 1,145 cases,
marking the 24th consecutive month of year-on-year increase,
private credit research agency Teikoku Data Bank Ltd.
announced Wednesday.
Insolvent companies left behind debts of 706.7 billion
yen in September, up 25% from the year before and the third
highest total over the first nine months of 1992.
Teikoku Data Bank said September's insolvencies and bad
debt figures were swelled by a few major real estate-related
failures as well as a growing number of insolvencies tied to
weak demand conditions. The number of "recession"
insolvencies - tied to factors such as weak sales and
exports - in September climbed to 577, or 50.4% of the
total, a high for the year.
September was the eighth month in a row that the number
of insolvencies exceeded 1,000.
September's 1,145 insolvencies were 3.8% below August's
total of 1,154. But debts left behind in September surged
86% from August's 380.1-billion-yen total.
- - 0017EDT
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120708
SUBJ: USDA approves process that dramatically reduces salmonella in
chicken
EDITOR'S NOTE: Photo is available immediately in BW PhotoBank
to any newspapers or media outlet with telephoto receiver or
electronic darkroom that can accept overhead transmissions.
Photos can also be retrieved via the Macintosh. To electronically
retrieve photos or get details for the Macintosh, call 214/416-3686.
There is no charge to the media for this service.
(ADVANCE) CRANBURY, N.J.--(BUSINESS WIRE)--A new process that
dramatically reduces the incidence of salmonella and other bacteria during
broiler processing has been approved by the United States Department of
Agriculture (USDA).
The process, developed and patented by Rhone-Poulenc Inc.(a) (subsidiary
of Rhone-Poulenc S.A., NYSE:RP Pr A), uses AvGard trisodium phosphate
(TSP), a common food grade orthophosphate. TSP is generally recognized as
safe (GRAS) by the Food and Drug Administration and is widely used in
processed cheese and breakfast cereals.
``With the help of the USDA, we've taken an important step toward
improved food safety,'' said Richard V. Kennedy, vice president and
general manager of Rhone-Poulenc Food Ingredients. ``While Americans
enjoy the best poultry in the world, AvGard TSP will help make it even
better.''
Americans consume five to six billion broilers each year. AvGard TSP
treated chickens are expected to begin reaching supermarkets within three
to six months and be widely available within two years. Processing cost is
estimated to be less than one cent per bird.
Independent taste tests show the treatment has no effect on flavor,
texture or appearance of treated poultry.
Rhone-Poulenc will license the patented technology to interested broiler
processors. Plant-scale equipment has also been developed by the
Rhone-Poulenc team to properly control the process for maximum
effectiveness. Using this specialized equipment, broilers are exposed to
a solution of trisodium phosphate, in line, near the end of the processing
operation.
Rhone-Poulenc expects to work promptly with the USDA to evaluate the use
of AvGard TSP on other poultry (turkey, cornish hen, duck), beef and pork.
Another potential use is seafood.
Most salmonella infections are believed to be caused by improper handling
or preparation after the products leave the processing plant. Serving
cooked poultry on a platter than contains juices from the raw meat, for
example, can recontaminate the bird and trigger rapid bacterial growth.
By dramatically reducing the presence of salmonella on processed poultry,
AvGard TSP can help reduce the risk of illness due to subsequent
mishandling.
According to the Centers for Disease Control in Atlanta, about 40,000
salmonella infections (from all food sources) are reported in the United
States every year.
``AvGard is the type of innovation envisioned when we expanded our
commitment to the North American market in the late '80s,'' said Peter J.
Neff, president and CEO of Rhone-Poulenc Inc. ``Our ongoing partnership
with the poultry industry is what will make this new technology a
success.''
Rhone-Poulenc expanded its North American sales from less than $400
million in 1986 to more than $2.3 billion last year.
Rhone-Poulenc Inc. is the U.S. subsidiary of Rhone-Poulenc S.A., the
seventh largest chemical and pharmaceutical company in the world with 1991
sales of $14.8 billion.
(a) Broadcast editor's note: Rhone-Poulenc (pronounced ``Rone
Poolank'')
Editor's Note: Photo available in BW PhotoBank for one week or by
request from media contacts at Rhone-Poulenc.
CONTACT: Rhone-Poulenc Inc., Princeton
Debbie Remillard, 609/860-4677 or,
Jim Haskins, 609/860-3231
by
Gibbs & Soell Inc., New York
Chuck Bins or Ned Burke, 212/697-2600
18:30 ET OCT 13, 1992
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120709
SUBJ: CITIZEN'S YES/OUI MOVEMENT TO VISIT LONDON
TORONTO, Oct. 13 /CNW/ - The YES/OUI Ontario/Canada Committee will visit
London during the day tomorrow, October 14th, 1992. A News Conference will
be held at 11 a.m. at London YES Committee Headquarters at 637 Dundas
Street East and will be open to all media.
Gordon Cressy, Chair of the YES/OUI Ontario/Canada Committee will be on
hand, as will Vice-Chairs AnnaMarie Castrilli, and Committee members
Jacques Marchand, Moira Kerr, Farrah Jinha and Colin Saldanha. These
visiting Committee members will be touring various organizations in London
throughout the day.
The YES/OUI Ontario/Canada Committee is an independent citizen's movement
and is not an arm of government. Any funding comes from private sources.
/For further information: Gordon McIvor/Brian Smith (416) 956-7500/
18:54 ET
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Australian Housing Minister Sees Continuing Recovery
CANBERRA -(AP-DJ)--Brian Howe, Australia's Minister for
Health and Housing, said Wednesday that the recovery in the
housing industry is expected to continue, adding that
forecasts might have to be revised upward.
"It appears that the 152,000 commencements forecast by
the Indicative Planning Council in 1992/93 will be easily
realized," Howe said in a statement.
Earlier of Statistics reported that the
number of housing-finance approvals rose a seasonally
adjusted 8.3% in August from July and jumped 23.3% from
August 1991.
"Housing starts have risen for five consecutive quarters
and are at their highest level since September 1989," Howe
said.
"Home purchase is now the most affordable it has been
for the past seven years. Homebuyers can be confident that
affordability will remain a top priority under this
government," the minister added.
On the basis ofdata on both building approvals and
housing finance, "it can be confidently stated that dwelling
commencements will show another rise in private-sector
housing starts" in the quarter ended Sept. 30, Howe said.
-0- 0018EDT
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Capital Market Reports
Capital Market Reports
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SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Correct:Japan Insolvencies: Sept. Percentage 0.8%, Not 86%
September's 1,145 insolvencies were 3.8% below August's
total of 1,154. But debts left behind in September surged
0.8% from August's 380.1-billion-yen total.
(The item that ran at 00:17 EDT incorrectly stated the
percentage as 86%.)
- - 0029EDT
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120711
SUBJ: GALAXY CABLEVISION ENTERS INTO A LETTER OF INTENT WITH CHARTERHOUSE
SIKESTON, Mo., Oct. 13 /PRNewswire/ -- Galaxy Cablevision, L.P. (AMEX:
GTV) announced that it has entered into a letter of intent with
Charterhouse Equity Partners, L.P., CableMaxx, Inc., Supreme Cable Co.,
Inc., and certain affiliates of Supreme relating to the proposed purchase
from the seller, by and entity to be formed by Charterhouse and Galaxy, of
certain wireless cable television assets serving the Austin and San
Antonio, Texas markets. The letter of intent also outlines purchase
options for the wireless cable system assets serving the Sherman-Denison
market and the Temple/Killeen, Waco and Lubbock, Texas markets. The
letter of intent is generally non-binding and the acquisition by
Charterhouse and Galaxy is subject to a number of conditions, including
the execution of a definitive purchase agreement.
The seller and Galaxy had previously entered into a purchase and sale
agreement dated Jan. 15, 1992, as amended, providing for the acquisition
by Galaxy or its assignee of the properties and the option properties.
Pursuant to extensions obtained by Galaxy the closing under the
acquisition agreement was to occur on or before Oct. 1, 1992. The letter
of intent provides for the extension of the proposed closing date under
the acquisition agreement to Nov. 30, 1992.
Galaxy Cablevision, L.P. engages in the business of acquiring, owning and
operating cable television systems and currently serves approximately
54,000 basic subscribers in the six states.
Galaxy's Units are traded publicly on the American Stock Exchange under
the symbol "GTV."
/CONTACT: Tommy L. Gleason, Jr. or J. Keith Davidson of Galaxy
Cablevision. 314-471-5022/
18:52 EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells ARKANSAS FREIGHTWAYS CORP. Stock
ISSUER: ARKANSAS FREIGHTWAYS CORP.
SYMBOL: AFWY
FILER: DOTY THOMAS D
TITLE: Officer.
SOLD: 9/8/92 493 19.75
OWNERSHIP: 800 Direct Common
COMMENT: Open Market Sale
10/14/92 03:04
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AMERIHEALTH INC. Stock
ISSUER: AMERIHEALTH INC.
SYMBOL: AHH
FILER: SAGE RICHARD D
TITLE: Director.
PURCHASED: 9/8-14/92 5,000 0.94
OWNERSHIP: 630,184 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120601
SUBJ: Heard On Street: Stock Prices South Of Border May Head North
To retrieve above story, request menu of headlines for company symbol
TFONY
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Polls After US Vice-Presidential Debate Favor Democrat Gore
NEW YORK -(AP-DJ)--Viewers polled after the U.S. vice
presidential debate Tuesday night reacted more favorably to
Bill Clinton deputy Senator Al Gore than to his two
opponents, but there was no evidence he won any votes for
his ticket.
A poll for "Dateline NBC" found 50 pc of viewers thought
Democrat Gore did the best job in the debate, 32 pc liked
Republican Vice President Dan Quayle and just 7 pc gave top
rank to the independent candidate Admiral James Stockdale.
An ABC News poll asked who won, and Gore barely edged
out Quayle, 38 pc to 35 pc, with 17 pc calling it a tie and
2 pc saying Stockdale. The separation between Gore and
Quayle was within the polls' margin of sampling error of 4.5
percentage points.
ABC called 624 registered voters who already had been
polled Sunday and Monday on their presidential preference.
Fewer were undecided after the debate, but the standings did
not change much: 47 pc for Bill Clinton, up one point, 38 pc
for President George Bush, up three points and 12 pc for
Ross Perot, unchanged.
-0- 0037EDT
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120712
SUBJ: TAB DECLARES CASH DIVIDEND
PALO ALTO, Calif., Oct. 13 /PRNewswire/ -- Tab Products Co. (AMEX: TBP)
announced today that its Board of Directors declared its regular quarterly
cash dividend of 10 cents per share. The dividend is payable Dec. 15,
1992, to stockholders of record at the close of business Nov. 25, 1992.
Tab, which has headquarters in Palo Alto, is a leading records management
company which manufactures and markets office filing and furniture systems
that are sold worldwide. There are 4,701,950 shares of Tab Products Co.
common stock outstanding. Common shares are traded on the American Stock
Exchange under the symbol TBP.
/CONTACT: Nancy Green, assistant treasurer of Tab Products,
415-852-2572/
18:57 EDT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120601
SUBJ: Heard On Street: Stock Prices South Of Border May Head North
By Matt Moffett
MEXICO CITY -- For investors with machismo, now might be the time to go
hunting for bargains amid the rubble of the Mexican stock market, The Wall
Street Journal reported.
You remember Mexico's Bolsa de Valores, right? After soaring 118% in 1991
and then shooting up a further 30% during the first two months of this
year, the Bolsa lost 35% of its value from June to October.
Triggering the slump were political attacks on the proposed North
American Free Trade Agreement by a pair of U.S. presidential candidates --
first maverick Ross Perot, then Democrat Bill Clinton. The trade accord,
completed in August and facing a congressional vote sometime next year,
has been seen by investors as crucial to ensuring continuity of Mexico's
free-market economic reforms.
But all at once the political clouds over the accord are beginning to
dissipate. Voter support for Perot, while on the upswing, hasn't matched
the levels of the spring. Clinton has suggested he could probably satisfy
his desire for tougher labor and environmental standards through ancillary
agreements with Mexico, rather than renegotiation of the entire pact.
Mexicans are ecstatic, for they feared renegotiation would open a
Pandora's Box of problems.
"Now it can be affirmed that the two most important political forces in
the U.S. agree on the advantage of having a free trade agreement," gushed
President Carlos Salinas de Gortari.
U.S. investors in Mexico certainly hope he's right. Prices for several
U.S.-listed closed-end funds investing in Mexico have plunged and are
limping along 40% below their yearly peaks.
Mexico Fund trades on the New York Stock Exchange at 20 1/4, off from a
peak of 34, and Emerging Mexico Fund languishes at 16 1/8, down from 27
1/4. Mexico Equity & Income Fund stands at 13 3/4, off from 21 7/8. All
three funds, called closed-ends because each has a fixed number of shares,
trade at discounts of about 12% to 13% to the value of the stocks they
own. In other words, an investor who buys these funds is effectively
getting $1 of Mexican stock for 87 or 88 cents.
The Bolsa surged strongly early last week on Clinton's remarks, but has
barely budged since then. There is plenty of upside potential in Mexico,
bulls say.
The market is trading at only around seven times estimated 1993 earnings,
according to Goldman, Sachs & Co. That looks cheap compared with the
Standard & Poor's 500 index of U.S. stocks at roughly 16 times projected
1993 earnings.
While few doubt that there are cheap stocks on the Bolsa today, some
analysts are reluctant to urge investors to jump back into the market
right now. The reason: Mexico's economy is slogging through a weak period.
It began to cool in the second quarter, when the government boosted
interest rates to subdue inflation and to keep capital from flowing out of
the country during the Bolsa's turmoil. Foreign institutions have moved
some funds out of the Bolsa and into the Mexican money market, where
treasury bills offer a tempting 19% return.
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120715
SUBJ: TD BANK REACHES AGREEMENT WITH CGT
HALIFAX, Oct. 13 /CNW/ - Toronto Dominion Bank announced today that it
has reached an agreement in principle with Central Guaranty Trust Company
and Central Guaranty Mortgage Corporation to acquire substantially all of
their assets and all of their deposit liabilities. Canada Deposit
Insurance Corporation (CDIC) has agreed to provide financial assistance to
facilitate this transaction.
``The acquisition enables TD to bring its staff together with those of
CGT's, to serve a whole new group of valued customers,'' said Jeff
Somerville, Senior Vice President, Atlantic Division. ``As part of the
transaction, TD will acquire all 154 branches including a major presence,
in the Atlantic region. The prospect of bringing TD's full range of
banking services to CGT's customers is an exciting opportunity for the
Bank. We are particularly pleased about the acquisition of CGT's trust
business which has a strong market position across the country and will
establish TD as a major presence in the industry.''
Under the terms of the agreement, TD will pay a purchase price premium of
$125 million to acquire approximately $9 billion of performing loans and
securities, the majority of which are residential mortgages, and the trust
company's mutual fund, agent and VISA businesses. The Bank will assume all
of CGT's deposit liabilities. The Bank will offer employment to CGT
branch, trust, mutual fund and VISA personnel.
CDIC would provide coverage against losses which may be sustained on the
portfolio of performing assets acquired by the Bank. The Bank believes
that the coverage to be obtained form CDIC will be sufficient.
The transaction has now received TD and CGT board approval. The
transaction requires CGT shareholder and formal regulatory approval, and
execution of definitive documentation. The transaction is expected to
close by December 31, 1992.
FACT SHEET FOLLOWS.
TORONTO DOMINION BANK
ACQUISITION OF ASSETS OF CENTRAL GUARANTY TRUST
-----------------------------------------------
TRANSACTION FACT SUMMARY
------------------------
I. ASSETS/DEPOSITS ACQUIRED
a) Approximately $9.0 billion (B) in assets, including $1B
of cash and securities and $8B of performing loans.
These loans consist of $5B of residential mortgages,
$2B of commercial loans & mortgages and $1B of consumer
loans. As a result, TD's market share of residential
mortgages for the six major banks is expected to
increase from 15.2 per cent to 18.6 per cent.
b) CGT's branch network, a total of 154 branches including
38 in Atlantic Canada
c) CGT's mutual fund business, with its approximately $600
million in assets under management
d) CGT's Visa business
e) CGT's personal and pension trust businesses (with
approximately $5B in assets under administration)
f) Total deposits assumed of approximately $11B. TD
estimates that this will increase our 6-bank market
share of personal deposits from 12.9 per cent to 16.3
per cent.
II. PURCHASE PRICE
TD has agreed to pay a premium of approximately $125
million to acquire the above assets.
III. CDIC COVERAGE
a) CDIC has provided a level of coverage against losses
which TD believes is satisfactory, as outlined below:
1) $990 million of coverage against the:
a) Residential mortgage portfolio
b) Personal loan portfolio
c) $500 million of commercial loans
TD will risk share on losses at 5 per cent.
2) $1.5B of coverage against the remaining $1.5B of
commercial loans TD is acquiring.
TD will risk share on losses related to the $1.5B
at:
a) 5 per cent on first $500 million
b) 7.5 per cent on second $500 million
c) 10 per cent on remaining $500 million.
As well, TD will have the ability to exchange
commercial assets between the two pools for two years.
b) There will be a mechanism to ensure that TD earns a
spread of 2 per cent per annum on assets and
liabilities acquired.
IV. IMPACT ON TD'S CAPITAL RATIOS
The attached exhibit estimates a pro-forma TD/CGT balance
sheet as at July 31, 1992. Because of TD's strong capital
base, we will not issue any common equity to support this
transaction. We estimate that TD's Tier I capital ratio
will be 7.2 per cent after consolidation (vs 7.6 per cent
at July 31, 1992) and the total capital ratio will be 9.3
per cent (vs 9.9 per cent).
V. GAME PLAN
a) Retain the existing business in the CGT branches,
recapture business lost and capitalize on synergies to
grow business.
b) Capitalize on our expanded presence in Atlantic Canada;
TD will now be the third largest financial institution
in the region and will have the critical mass to grow
business profitably. (TD's 6-bank market share in
residential mortgages and personal deposits is expected
to rise to over 18 per cent.)
c) Introduce a full range of TD retail products into the
CGT branch network.
d) Integrate CGT's computer systems and products into TD's
within a short period.
e) Integrate CGT's mutual funds and Visa businesses.
f) Use the large pension and personal trust customer base
as a starting point for TD Trust operations.
VI. IMPACT ON TD'S FINANCIAL RESULTS
a) Our business case indicates a minimal impact on
earnings per share in the short term.
b) This transaction will increase our leverage of common
equity from 16:1 to 18:1.
TORONTO DOMINION BANK
IMPACT OF ACQUISITION OF MAJOR ASSETS AND DEPOSITS OF
CENTRAL GUARANTY TRUST COMPANY
(millions of dollars)
TD Bank TD Bank Per Cent
Actual Pro forma Increase
ASSETS July 31 July 31 (1) (Decrease)
----------------------------------------------------------------
Residential mortgages 17,540 22,440 28
Other loans 33,665 36,465 8
Total assets 72,346 80,646 11
LIABILITIES
----------------------------------------------------------------
Personal deposits 30,764 40,364 31
Other deposits (2) 26,148 24,448 (7)
CAPITAL RATIOS (3)
----------------------------------------------------------------
Tier 1 capital 4,795 4,795 -
Tier 2 capital 1,453 1,453 -
----------------------------------------------------------------
Total capital 6,248 6,248 -
----------------------------------------------------------------
----------------------------------------------------------------
Risk -- weighted assets
(including Off-balance sheet
commitments) 63,164 66,921 6
----------------------------------------------------------------
Tier 1 capital ratio 7.6 pct 7.2 pct
Total capital ratio 9.9 pct 9.3 pct
Common equity to total
assets 6.2 pct 5.6 pct
----------------------------------------------------------------
----------------------------------------------------------------
(1) - includes estimate of assets and liabilities to be acquired
from CGT.
(2) - amount of CGT deposits assumed in excess of assets
acquired received in cash and used to reduce other
deposits.
(3) - ignores impact of restructuring/acquisition costs.
/For further information: Beverley MacLean, Manager, Communications,
Public Affairs (416) 982-8087/
19:03 ET
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: *Japan Corporate Insolvencies Rise 35% In September On Yr To 1,145
Cases
- - 0416GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: *Insolvent Japanese Companies Leave Behind 706.7 Bln Yen In Debt In
September, Up 25% From Year Before
- - 0416GMT
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Japan Insolvencies -3: Fiscal 1st Half Failures Up 33%
Teikoku Data Bank said Japan's domestic economic
slowdown continues to show no signs yet of hitting bottom.
For the fiscal first half from April 1 through September
30, Teikoku Data Bank said insolvencies came to 6,952 cases,
up 33% from the year before. Debts left behind by insolvent
companies during the half came to 3.584 trillion yen, down
6.1% from the year before.
Teikoku Data's statistics cover insolvencies of
companies with debt exceeding 10 million yen. For September,
the number of insolvencies with debts exceeding 10 billion
yen came to 10, up from 9 cases the year before.
September's debt total was boosted by the
200-billion-yen failure of an Osaka-based real estate
business group, Yoshimoto Kosan. The group, which was hurt
by the decline in stock and land prices, was the latest
victim of the bursting of Japan's "bubble" economy. The term
bubble economy refers to the period of sharp asset price
inflation that occurred during the easy money period of the
late 1980s.
But while real estate-related failures stood at 100 in
September, up 12% from the year before and the third
consecutive month above the 100 mark, weak economic
conditions are taking an increasing toll on non-bubble
companies, Teikoku Data said.
Manufacturing company failures surged 85% to 198 in
September from 107 the year before.
- - 0048EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells ALLIED HEALTHCARE PRODUCTS Stock
ISSUER: ALLIED HEALTHCARE PRODUCTS INC.
SYMBOL: AHPI
FILER: RICKS ROBERT L
TITLE: Officer and director.
SOLD: 9/8/92 20,000 7.88
OWNERSHIP: 201,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:04
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells AMGEN INC. Stock
ISSUER: AMGEN INC.
SYMBOL: AMGN
FILER: LAZARUS STEVEN
TITLE: Director.
SOLD: 9/18/92 1,000 68.00
OWNERSHIP: 4,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:04
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Japan Insolvencies-2:'Recession' Failures 50.4% Of Total
TOKYO -(AP-DJ)--Japanese corporate insolvencies in September jumped 35%
from the year before to 1,145 cases, marking the 24th consecutive month of
year-on-year increase, private credit research agency Teikoku Data Bank
Ltd. announced Wednesday.
Insolvent companies left behind debts of 706.7 billion yen in September,
up 25% from the year before and the third highest total over the first
nine months of 1992.
Teikoku Data Bank said September's insolvencies and bad debt figures were
swelled by a few major real estate-related failures as well as a growing
number of insolvencies tied to weak demand conditions. The number of
'recession' insolvencies - tied to factors such as weak sales and exports
- in September climbed to 577, or 50.4% of the total, a high for the year.
September was the eighth month in a row that the number of insolvencies
exceeded 1,000.
September's 1,145 insolvencies were 3.8% below August's total of 1,154.
But debts left behind in September surged 86% from August's
380.1-billion-yen total.
- - 0416GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: ALL SUBSCRIBERS: In the item, 'Japan Insolvencies -2:'Recession'
Failures 50.4% Of Total' that ran around
0416 GMT, the first sentence of the last paragraph should read 'September's
1,145 insolvencies were 0.8% below August's total of 1,154.' (correcting
the percentage change.)
-0- 0425GMT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120601
SUBJ: Many Ex-Executives Turn To Franchising, Find Frustration
By Michael Selz
As thousands of executives join the ranks of the unemployed, many are
turning to franchise businesses for second careers. There they are often
making a harsh discovery: Their corporate experience poorly prepared them
to be entrepreneurs, The Wall Street Journal reported.
Paul Slaton seemed like a fair bet to succeed at running a small
business, having been a group controller at Crown Zellerbach Corp., the
large San Francisco paper company. After leaving that job, Slaton invested
more than $200,000 to open an AlphaGraphics Inc. quick-printing franchise
in 1986. The outlet's sales growth so impressed his former colleagues that
11 other Crown Zellerbach executives also bought AlphaGraphics
franchises.
What the executives didn't know was that Slaton soon was struggling to
survive. Forced to slash prices to build sales, his store began running up
big losses. The stress of the business was straining his marriage and
pushing Slaton to the breaking point. On Sept. 7, 1988 -- the same day
that his wife filed for divorce -- Slaton left his store early, went home
and fired a .38-caliber pistol into his head.
Although Slaton's tragic response to the pressures of running a franchise
was extreme, the problems he encountered are well known to former
executives who have taken the leap into the franchise world. While many
succeed, a surprising number face the most humiliating experiences of
their lives, even if they've had successful careers in a corporate
bureaucracy.
Of the 12 Crown Zellerbach executives who invested in AlphaGraphics
franchises, only one remains with the chain. Some folded or sold their
stores at a loss. Others are still operating but have severed ties with
AlphaGraphics and dropped its name.
The executives, who left Crown Zellerbach around the time of its 1985
takeover by investor Sir James Goldsmith, partly blame the franchiser
itself for their troubles. But most also concede that they made big
mistakes and failed to foresee major problems, partly because their
corporate outlook impaired their vision.
"This has to be the most humbling experience of my life," says Peter
Smyth, Crown Zellerbach's former director of computer services, who broke
away from AlphaGraphics last year. Five years after opening his franchise,
he says he is still earning less than half his $120,000 corporate salary.
"You think you're so hot coming from a big company, and it turns out you
don't have a clue what the game's about," he says.
Smyth recalls buying a Xerox high-speed commercial copier for $51,000,
only to decide later that it wasn't as good as a less-expensive machine he
could have bought. He ended up selling the copier back to Xerox two years
later for $13,000 -- $9,000 less than he still owed on it.
Luis Ateca, who had earned $80,000 a year as head of Crown Zellerbach's
Latin American sales, says he relied on the franchiser the same way he had
relied on a corporate staff. Before opening his print store in downtown
Miami in 1986, he says he didn't question the franchiser's claim that the
four-block area around his proposed site contained only 11 competitors.
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Yields Fall At Weekly Australian Treasury Note Tender
SYDNEY -(AP-DJ)--Yields fell at Wednesday's weekly tender of Australian
government treasury notes.
The weighted average yield on 400 million Australian dlrs 13-week notes
fell to 5.501% from 5.534% last week.
The weighted average yield on 300 million AUS dlrs 26-week notes fell to
5.663% from 5.73% at last week's tender.
The government didn't offer any five-week notes at the sale.
-0- 0405GMT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AMERICAN PHYSICIANS SERVIC Stock
ISSUER: AMERICAN PHYSICIANS SERVICE GROUP INC.
SYMBOL: AMPH
FILER: GRANETT SAMUEL R
TITLE: Officer.
PURCHASED: 9/14-15/92 3,500 1.50-1.75
OWNERSHIP: 8,500 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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SOURCE: FedFil
DATE: 199404120516
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FF
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mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AMERICAN WOODMARK CORP. Stock
ISSUER: AMERICAN WOODMARK CORP.
SYMBOL: AMWD
FILER: CARROLL DANIEL T
TITLE: Director.
PURCHASED: 9/22/92 2,000 2.88
OWNERSHIP: 3,100 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AARON RENTS INC. Stock
ISSUER: AARON RENTS INC.
SYMBOL: ARON
FILER: QUINONES EDUARDO
TITLE: Divisional officer.
PURCHASED: 8/4/92 100 15.38
OWNERSHIP: 150 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AMERICAN TRAVELLERS CORP. Stock
ISSUER: AMERICAN TRAVELLERS CORP.
SYMBOL: ATVC
FILER: MANKOWSKI SUSAN T
TITLE: Officer.
PURCHASED: 10/2/92 1,000 5.50
OWNERSHIP: 13,400 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys AMERICAN TRAVELLERS CORP. Stock
ISSUER: AMERICAN TRAVELLERS CORP.
SYMBOL: ATVC
FILER: PARRY THOMAS J
TITLE: Officer.
PURCHASED: 10/2/92 1,000 5.50
OWNERSHIP: 1,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:04
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120602
SUBJ: Heard On Street -2-: Some Wait For Interest-Rate Decline
Stefano Natella, a Mexico analyst at CS First Boston Inc., says he's
waiting for signs that interest rates are trending downward before he
recommends buying Mexican equities. He doesn't expect a rate decline until
the first or second quarter of 1993.
But waiting too long to buy could also be risky.
"Once interest rates start moving down, you're probably too late," says
Felicia Morrow, senior analyst and portfolio manager for Emerging Markets
Investor Corp. "If you believe in positioning yourself ahead of the pack,
you have to be thinking of moving soon."
Goldman Sachs says an interest-rate decline and a stock-price rally could
begin as soon as mid-November. By then, according to Jorge Mariscal,
Goldman Sachs's director of Latin American research, many uncertainties
surrounding Mexico's prospects will have faded from view. Early next
month, Mexico will announce what are expected to be minor adjustments to
its anti-inflation plan, known as the Pacto. The stormy U.S. presidential
campaigns will have ended. And the new U.S. president should begin the
task of selling the trade pact to Congress.
U.S. small investors trying to pick individual stocks in Mexico have to
be careful about which sectors they get into, however. One such investor,
Dennis Donham, a university administrator from Pittsburgh, has an
admirable track record on the Bolsa. He was able to make a down payment on
a new home with profit earned from investing in the Mexican telephone
monopoly Telefonos de Mexico, or Telmex, during the market's previous bull
run. Lately, he has tried to repeat his success by buying shares of a
Mexican supermarket chain, Soriana. But retailing companies have been
among those hurt the most by the slow growth of the Mexican economy.
Market pros say the safest bet for investors is to select stocks that
aren't only cheap but are also relatively insulated from the current
slowdown in the economy. Notable among these is Telmex, whose American
depositary receipts trade on the Big Board. Telephone "line growth will
continue to be unaffected by short-term swings in economic growth, due to
Telmex's large installation backlog," says Scott Galle, an analyst at D.A.
Campbell, a Santa Monica, Calif., firm specializing in Latin American
stocks. He's expecting Telmex to post a third-quarter profit of $1.12 per
ADR, compared with 90 cents a year earlier.
Other analysts favor Grupo Sidek, a steelmaker and tourism developer. Its
ADR, quoted in the pink sheets, is trading at only about 5 times this
year's earnings. Sidek's tourism subsidiary, Situr, has prospered during
the economic slowdown by diversifying away from recession-racked Americans
and marketing to European and Mexican tourists, according to D.A.
Campbell's George Santana. During one recent stretch, Situr's flagship
hotel in Cancun was fully booked for 48 days in a row.
Other analysts favor building and construction stocks, which would
benefit from the expected decline in interest rates. Cementos Mexicanos,
the fourth-largest cement maker in the world, has seen its stock mauled
since the company announced a surprise diversification into Spain last
July. But Smith Barney's Scott Kalb says that at its current price of
about 6 times projected 1993 earnings, "Cemex is way oversold."
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090002, Page:
SOURCE: WSJour
DATE: 199404120252
SUBJ: BNP Group Profit Fell 13% in First Half; Provisions Grew 14%
---- Special to The Wall Street Journal
SECTION: , ACCESSION: 199210090002
PARIS -- A surge in provisions for bad risk in the first half undercut
moderately better operating profit for French Banque Nationale de Paris.
With provisions up 14%, BNP's group net income plunged a corresponding 13%
to 1.333 billion francs ($271.5 million) from the same period a year ago,
the bank said.
BNP's operating profit rose to 5.605 billion francs, a gain of 6.8% from
the first half of 1991.
The French state-owned bank said it had managed to hold up well under
difficult market conditions, but sounded a warning for the rest of the
year: "in the second semester, it is feared that this environment and the
current market events won't help much in holding the line in such
unfavorable conditions for banks."
BNP joined a lengthening line of French companies, especially banks, to
set aside extensive provisions against poor risks, particularly for real
estate.
BNP said that it had set aside 4.1 billion francs in new provisions in
the first half of 1992. Of that, 400 million francs were set aside for
reorganization of the Banque Arabe et Internationale et d'Investissement.
On the positive side, BNP said it has been able to take back almost one
billion francs of provisions on country debt risk, thanks to a policy of
lightening its country debt portfolio, by selling off debt on the second
market or by not renewing expired credit lines. Its portfolio covers 70
countries, with risks covered at a rate of 57%, a level maintained since
the end of 1991.
In France, loans rose 4.3% during the first half. Deposits in francs slid
by 1.4%. The average asset value of mutual funds managed by the BNP rose
by 6.1% to 196 billion francs.
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SOURCE: CapMrkt
DATE: 199404120109
SUBJ: RPT: Analyst Says Australia Isn't Due For Policy Tightening
SYDNEY -(AP-DJ)--Australian interest rates aren't poised
to trend higher, according to St. George Bank Ltd. economist
Peter Clay.
In the bank's latest Market Update publication, Clay
maintains that while rates won't continue to fall, "current
economic conditions don't warrant the beginning of a regime
of progressive monetary policy tightening."
"There are sufficient differences between this
(economic) cycle and previous cycles to render simple `big
picture' comparisons misleading. All of the available
evidence suggests that the ensuing recovery will be very
modest by historical standards," Clay writes.
Furthermore, unemployment is likely to remain high as
the economy begins to recover, while inflation should stay
relatively low, he says.
As a result, Clay envisages interest rates remaining
volatile but staying around the lower levels that the easier
monetary policy of the past two years have produced.
"The high degree of volatility in financial markets will
continue to feature in coming months. The result being that
from time-to-time financial institutions will adjust their
lending and borrowing rates in response to fluctuations in
financial markets," he says.
"These adjustments will represent both risks and
opportunities for clients," he notes. "However, those
looking for the next turning point may be disappointed," he
adds.
Official interest rates in Australia have been lowered
12.25 percentage points since the start of 1990, in 13
steps. The last easing was arranged July 8 and took cash
rates to 5.75%.
-0- 0055EDT
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120717
SUBJ: VALHI PRICES DEBT OFFERING
DALLAS, Oct. 13 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced today
that its registration statement, as filed with the Securities and Exchange
Commission in connection with its previously announced public offering of
zero coupon Liquid Yield Option(TM) Notes ("LYONs"(TM)) due 2007
((TM)Trademark of Merrill Lynch & Co. Inc.), has been declared effective
and that the offering has been priced. Closing of the offering is
scheduled for Oct. 20. Valhi will sell $329,600,000 principal amount at
maturity of the LYONs at an aggregate issue price of $84,901,664. Merrill
Lynch & Co., as underwriter for the offering, was granted an option for 30
days to purchase up to an additional $49,440,000 principal amount at
maturity of the LYONs, solely to cover over-allotments, if any. Each
$1,000 in principal amount at maturity of LYONs is exchangeable for 36.077
shares of Baroid Corp. (NYSE: BRC) common stock. The LYONs will be traded
on the New York Stock Exchange. The net proceeds of the offering will be
available for Valhi's general corporate purposes. Valhi expects to use
such proceeds to retire a portion of its 12.5 percent senior subordinated
notes due 1998 through market purchases or otherwise.
Valhi Inc., headquartered in Dallas, is a diversified company engaged in
the refined sugar, forest products, fast food and hardware products
industries and, indirectly through its equity interests in NL Industries
Inc. and Tremont Corp., in the chemicals, titanium metals and bentonite
mining industries. Valhi's common stock is traded on the New York and
Pacific Stock Exchanges under the symbol "VHI." Baroid's common stock is
traded on the New York and Pacific Stock Exchanges under the symbol
"BRC."
/CONTACT: William C. Timm, VP-finance and administration of Valhi,
214-450-4212/
19:06 EDT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120602
SUBJ: Many Ex-Executives -2-: Woes With AlphaGraphics Franchises
While an AlphaGraphics spokesman says the chain "thoroughly evaluates"
prospective markets, Ateca claims he later discovered that its research
included only print shops visible from the street. When he belatedly
counted competitors in the upper floors of office buildings, the number of
existing print shops in his service area came to 22. He ended up closing
his store seven months after opening and had to borrow funds from
relatives to move to a new job in New York.
As their corporate careers play out, executives are increasingly giving
franchise businesses a try. Franchisers surveyed earlier this year by
Francorp Inc., a consulting firm in Olympia Fields, Ill., said that former
executives accounted for one-quarter of new applications and that
inquiries from this group were rising.
"Unfortunately most of them don't have the background for succeeding,"
says John Challenger, executive vice president of Challenger, Gray &
Christmas, a Chicago-based outplacement firm. Accustomed to the perks of
large corporations, many former executives "really aren't willing to take
the hit on their income in the early years, they're not prepared for the
long hours and they're used to a corporate structure full of specialists
they can rely on," Challenger contends. "We do all we can to prevent some
people from taking this step."
But Michael Witte, chairman and chief executive of privately held
AlphaGraphics, takes the other side of the argument, maintaining that
former corporate executives are well suited to become franchisees. "They
typically have well-developed business skills," including the ability to
foster teamwork, delegate effectively, understand budgets and follow a
system, he says.
Founded in 1970, AlphaGraphics began selling franchises in 1980 and had
grown to nearly 200 outlets by the time Slaton opened his. While other
quick-printing chains also were expanding rapidly, AlphaGraphics claimed
to be one of the first to offer such services as electronic printing and
graphics. Quick-printing shops typically include high-speed copiers,
binding equipment and sometimes computers that customers can use.
An AlphaGraphics claim that less than 3% of its stores failed made the
idea even more appealing. "I've never been in the bottom 3% of anything,"
says John McKearney, Crown Zellerbach's former vice president of finance
and a graduate of Harvard's Advanced Management Program. "I thought, `This
is going to be a no-brainer.'"
Though they at first accepted the failure rate claim unquestioningly, the
former Crown Zellerbach executives would later claim in a 1991 lawsuit
that a far greater share of franchisees failed. The suit was filed in U.S.
district court in San Francisco. In interviews, the businessmen say that
as corporate executives they had become used to reviewing proposals and
acting on them, not questioning every detail that substantiated their
conclusion. Before signing their franchise agreements, few even bothered
to hire a lawyer.
But once their franchises opened, a problem emerged: With an
AlphaGraphics store's high-tech equipment alone costing more than
$140,000, they had bought the industry's most-expensive franchise. The
upscale image appealed to them, but they were left with break-even points
as much as twice as high as competitors'.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Dow Jones Capital Markets Report: Latest Market-Moving News
SIMEX Currencies Mixed; Nikkei Lower; Dec Yen At 8245 (4132)
Insolvent Japanese Companies Leave Behind 706.7 Bln Yen In Debt In
September, Up 25% From Year Before (4146)
Greenspan Is Optimistic On Achieving Stable Prices (4204)
Quayle, Gore Debate Over Leadership, Abortion, Economy (4209)
US Treasurys Largely Flat In Vigil For Greenspan, Data (4041)
-0- 0057EDT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120603
SUBJ: Monsanto Pressed To Rewrite Drug Unit's Prescription
By Scott McMurray
ST. LOUIS -- Monsanto Co. faces mounting pressure to find an antidote --
and someone to blame -- for the earnings collapse at its G.D. Searle drug
division, The Wall Street Journal reported.
Monsanto shocked investors and sent its stock price plunging in mid-June
when it projected an unexpectedly big second-quarter operating loss at
Searle. A month later, the company reported a $39 million loss at the
division. It chiefly reflected high testing and marketing costs for new
drugs, inventory dumping by drug distributors and the approval of a
generic rival for Searle's best-selling Calan, which treats high blood
pressure.
No quick fix is in sight at Searle. The unit may post roughly break-even
operating earnings for the third quarter when Monsanto releases its
results Oct. 22. But Searle is likely to post operating losses this year
and next, excluding one-time gains, analysts say. That prognosis looks
even worse when contrasted with Searle's 83% jump in income last year to a
record $170 million, including about $47 million in one-time gains.
Monsanto is expected to post third-quarter profit of about 45 cents a
share, or $56 million, about half of what it earned in the 1991 period.
Richard J. Mahoney, Monsanto's chairman and chief executive officer, says
he's confident that Searle's ills are temporary, not terminal. Monsanto
bought Searle, including its NutraSweet food-products unit, for $2.8
billion in 1985. It became the cornerstone of Monsanto's diversification
away from the boom-and-bust petrochemical business in the 1980s.
But recent actions taken by Dr. Sheldon Gilgore, Searle's chairman and
chief executive, speak louder than Mahoney's words, securities analysts
say. Gilgore, 60 years old, has disclosed in regulatory filings that on
June 1 he sold 48,700 Monsanto shares, or nearly three-fourths of his
holdings, with an indicated value of $3.2 million. When the sale was
disclosed, Monsanto said it was for personal reasons.
Monsanto shares were trading at slightly more than $65 at the time. Ten
days later, Monsanto told Wall Street analysts their earnings estimates
were too high, mainly because of losses at Searle. Monsanto's share price
has hovered in the mid to low 50s ever since. It was quoted at $52, up $1,
in late New York Stock Exchange trading yesterday.
"We can disagree with Dr. Gilgore's timing for sales of 75% of his
holdings in June as an insider, but the message confirms a poor prognosis
for Searle's earnings in 1992 and 1993," says Fred H. Siemer, a principal
of Chemical Research for Wall St., a research firm.
"This is such an ethical lapse, it's staggering," says Paul Leming, an
analyst with Kidder, Peabody & Co., referring to the timing of Gilgore's
stock sale. In a recent research report, he told customers, "now is not
the time to throw in the towel on Searle -- (maybe on Searle's management,
but not on the company)."
Gilgore has become Wall Street's scapegoat of choice for Searle's losses.
Many analysts have been predicting his imminent removal, or at least
reassignment, since Monsanto in mid-September postponed a regularly
scheduled meeting of analysts and top Searle executives until December. As
Wall Street reasoning goes, the delay gives Monsanto time to shake up
Searle and present a coherent plan.
Calls to Gilgore were referred to Monsanto headquarters. Formerly
president of Pfizer Inc., Gilgore joined Searle as president in 1986 and
was quickly promoted to chairman and chief executive officer. He is widely
credited with leading the turnaround of what was then a moribund drug
company.
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120718
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
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===EOD===
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120603
SUBJ: Administration Again Asked To Begin Inquiry Into BNL Scandal
By Peter Truell
WASHINGTON -- Lawmakers investigating the Iraqi loan scandal are voicing
increasing frustration with the Justice Department, the White House and
the National Security Council over a pattern of providing partial and even
misleading information on the affair, The Wall Street Journal reported.
Sen. Howard Metzenbaum (D., Ohio), a member of the Senate Judiciary
Committee, yesterday wrote to Attorney General William Barr requesting
that he appoint an independent counsel to review the Banca Nazionale del
Lavoro case. Meanwhile, House Banking Committee Chairman Henry Gonzalez
wrote Barr yesterday urging him to resign because his department's
integrity "is clearly in question." He also urged him to appoint an
independent counsel to review the BNL matter.
The congressional complaints aren't new, but they come on the heels of
embarassing new disclosures about the way the Bush administration has
handled the case. The Central Intelligence Agency and the Justice
Department have become embroiled in a spat about who is responsible for
providing incomplete, and therefore misleading, information to the Atlanta
court trying the BNL case. The failure to provide full information and the
fingerpointing that has followed have fed allegations of a cover-up by the
Bush administration.
The Federal Bureau of Investigation, along with the CIA's internal
inspector general, are both investigating why the CIA report on the BNL
loans to Iraq omitted information related to the case.
Meanwhile, congressional investigators are complaining that the White
House and the National Security Council have been unwilling to provide
information or witnesses to the Congress.
Gonzalez has written the president to request documents and interviews
with White House and NSC staff members involved in making critical
decisions either relating to Iraq policy or to an administration review of
the BNL scandal. These requests have been stonewalled, according to
congressional investigators. In a letter to Gonzalez, a White House staff
member earlier this summer cited "longstanding practice of the executive
branch to decline requests for testimony by members of the President's
personal staff."
The Justice Department also has stonewalled many congressional requests
relating to the BNL case. It has cited the Atlanta court case along with
"national security" concerns, to explain its unwillingness to provide
information to the House Banking Committee.
The Attorney General earlier this year wrote to the House Judiciary
Committee rejecting a request for an independent counsel. Barr said then
that he believed the department's current investigations of the BNL matter
were sufficient to deal with the case. In addition, Barr told the House
panel that the department didn't believe that sufficiently senior
administration officials were involved to warrant an independent counsel.
In his letter to Barr yesterday, Gonzalez argued that recent disclosures
undercut those arguments. "The evidence is that high levels of the Justice
Department were in regular contact with the Italian government concerning
the BNL case," he said. These "same political levels of the department of
Justice were aware of the Italian government's desire for some `kind of
damage control,'" Gonzalez went on to say. "Political considerations" may
account for "delays in the BNL indictment, and even for the infamous CIA
report that intentionally misrepresented what was known about possible
involvement of BNL-Rome."
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090003, Page:
SOURCE: WSJour
DATE: 199404120252
SUBJ: TWA Creditors, U.S. Pension Agency Reach Pact; Icahn's Bailout
Plan Gains ---- By James P. Miller Staff Reporter of The Wall Street
Journal
SECTION: , ACCESSION: 199210090003
Carl Icahn's plan to cede ownership of Trans World Airlines to employees
and creditors cleared its biggest remaining hurdle, through an arrangement
in which the financier played no part.
The debt-heavy carrier's unsecured creditors reached a tentative
agreement with government pension-guarantee officials. Under the accord,
the company's reorganization can proceed while the Pension Benefit
Guaranty Corp. continues pressing Mr. Icahn's other interests for what it
claims are severely underfunded workers' benefit plans.
The pact amounts to an end run around Mr. Icahn, whom the government
pension agency has accused of intransigence during months of talks.
Mr. Icahn wasn't immediately available to comment. An airline spokesman
said the company wanted to study the pact before making any comment.
The airline's recapitalization plan still needs approval from the federal
bankruptcy court in Wilmington, Del., but the pension agency's sanction
appears to make the court's clearance highly likely. That's because TWA's
creditor committee has previously agreed to forgive about $1 billion of
TWA's $1.5 billion debt in exchange for a 55% stake, and all three of the
company's labor unions have similarly agreed to accept pay cuts and other
contract concessions for the remaining 45%.
Since then, the most formidable obstacle to the recapitalization plan had
been the continued, highly visible concern of officials at the pension
agency. The self-financed government agency insures privately run pension
plans, and if the Mount Kisco, N.Y., airline fails, the agency would have
to step in to pay for pension benefits the airline promised workers.
The agency's deficit already has been pushed to more than $2.5 billion,
partly by pension plans left underfunded in failed reorganization efforts
at Pan American World Airways and Eastern Airlines.
Contending that TWA's two pension plans are short by about $1.2 billion,
the agency had refused to sign off on the recapitalization plan.
Negotiations have been protracted and rocky. Just a month ago, the
pension agency's executive director, James B. Lockhart, publicly urged Mr.
Icahn to make a "serious" offer of how he planned to satisfy his pension
obligations. The agency had "already indicated that we are willing to
absorb hundreds of millions of dollars of losses" to help ensure TWA's
continued operation, he told Mr. Icahn, in chiding him to present a
realistic proposal.
An agency spokeswoman said yesterday that Mr. Icahn had since "met with
us, but in our view no serious or realistic offer was presented."
Yesterday, the agency disclosed that it had reached an "understanding in
principle" with the company's unsecured creditors.
Under terms of that understanding TWA will issue a note for some portion
of the underfunding, and make payments on the note for the next 15 years.
The note, secured by TWA's international routes and certain domestic
facilities, won't be anything near the $1.2 billion sought, the pension
agency conceded.
Instead, the company's two pension plans will be terminated before TWA
emerges from Chapter 11 bankruptcy protection from creditors; that move,
which the agency is empowered to order, will permit the agency a continued
claim on the assets of Mr. Icahn's other companies even though he would no
longer control TWA.
The agency's guarantee will provide full benefits to most of the 32,000
current and former TWA employees covered by the two current plans.
However, some workers, mainly pilots, will get reduced benefits because
their promised benefits exceed limits permitted under federal pension
law.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: NIS Rates Haseko Japanese Bond Registration A-Minus
TOKYO -(AP-DJ)--Nippon Investors Service (NIS) is rating
the Japanese bond registration of Haseko Corp. a preliminary
Single-A-Minus, the rating agency announced.
On Sept. 30 Haseko registered with Japan's Finance
Ministry to issue up to 120 billion yen of bonds in Japan
for a two-year period. Last week the Japan Bond Research
Institute also rated Haseko's registration a preliminary
Single-A-Minus.
Next week Haseko is expected to offer a total of 40
billion yen of bonds in the domestic market, underwriters
say. If the Tokyo-based condominium builder does offer bonds
it will be the first issue of the registration.
-0- 0058EDT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Singapore Late-AM -2: SIMEX Dec. Nikkei Futures Weaker
On the Singapore International Monetary Exchange (SIMEX), currency
futures were heard mixed compared to Tuesday levels at the close of
Chicago's International Monetary Market (IMM), and were also mixed from
the previous SIMEX close.
December delivery yen was heard offered at 0.8245 U.S. cent, off from
0.8260 cent at the close of IMM Tuesday but above the previous SIMEX close
of 0.8220 cent.
December delivery marks were heard offered at 0.6764 U.S. dlr, up from
0.6740 at the IMM close and from the previous SIMEX close of 0.6691.
December sterling was offered at 1.6990 dlrs, off from 1.7066 dlrs Tuesday
at the IMM, but up from its previous closing of 1.6950 dlrs at SIMEX.
December Eurodollar futures, last offered at 96.66, is slightly off from
96.68 at their Tuesday SIMEX close. December Euroyen futures were offered
at 96.39, higher than from the previous finish 96.36.
December Nikkei futures were offered at 17,610 points, down from its
previous closing of 17,675 points and off its opening level of 17,850
points.
In local foreign exchange markets, the dollar was quoted at 1.6090
Singapore dlrs, marginally firmer from the previous level Tuesday in the
republic of 1.6086. The U.S. unit was also quoted at 2.5095 ringgit, up
from 2.5063 ringgit at its previous session's level in Kuala Lumpur.
-0- 0406GMT
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090004, Page:
SOURCE: WSJour
DATE: 199404120252
SUBJ: Debenture Holders Dismiss Bramalea Plan To Restructure Debt
SECTION: , ACCESSION: 199210090004
TORONTO -- A committee representing Bramalea Ltd.'s debenture holders
said it believes the company's plan to restructure $3.7 billion in debt
will fail, and urged the creditors to vote against it.
The committee previously had agreed in principle to accept Bramalea's
offer to restructure its 525 million Canadian dollars (US$421.4 million)
in senior debentures. But Lorie Waisberg, a lawyer for the committee, said
the group changed its mind after reviewing the company's proposed business
plan, which includes selling assets, extending the maturities of certain
debt, deferring some interest payments and exchanging some debt for
equity.
Bramalea has been in default since it missed an interest payment in June.
Under its business plan, the Toronto real estate company expects to halve
its assets over five years to C$3 billion from C$6 billion currently, and
to cut its long-term debt to C$2 billion from C$4.6 billion.
Bramalea "can't sell enough assets at a good enough price in a timely way
to cover the negatives" surrounding the company, Mr. Waisberg said. He
said the committee is willing to continue negotiating with Bramalea on a
plan that "is not so reliant on asset sales."
Bramalea officials weren't available to comment. The company is expected,
however, to go ahead with a meeting scheduled for later this month at
which the senior debenture holders will be asked to vote on the company's
plan.
Bramalea has offered the senior debenture holders new shares in the
company for 70% of their debt, giving them just over 50% of Bramalea's
equity. The remaining 30% of the debt would be exchanged for a new series
of debentures.
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ZCZC
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120719
SUBJ: PARAMOUNT'S `BOB' RECEIVES ORDER FOR ADDITIONAL NINE EPISODES
HOLLYWOOD, Calif., Oct. 13 /PRNewswire/ -- "Bob," the new hit comedy
series starring Bob Newhart from Steinkellners & Sutton Productions in
association with the Network Television Division of Paramount Pictures,
received an order for an additional nine episodes for the 1992-1993 CBS
television season, it was announced today by John S. Pike, president of
the Network Television Division of Paramount Pictures. In doing so, "Bob"
becomes the first new series of the 1992 fall season to receive a full
22-episode order after airing only three shows.
Since its Sept. 18 premiere, "Bob" (Fridays, 9:30-10 p.m. ET) has been
No. 1 in its time period every week, averaging a 12.3 rating and a 23
share (source: NTI). To date, no other regularly scheduled CBS series has
garnered such impressive ratings in the time slot since the Jan. 5, 1990
airing of "Dallas" (13.6 rating/23 share). Also, the Oct. 2, 1992 airing
of "Bob" achieved CBS's highest ratings of the night in both women and men
18-34, 18-49 (for the second consecutive week) and 25-54, beating out such
venerable series as "Designing Women" and "Major Dad."
"Bob" features Bob Newhart as Chicago comic book artist Bob McKay, who
gives up his mundane job drawing greeting cards to re- introduce "Mad
Dog," a comic book superhero he passionately created as a young man. Also
starring in the series are Carlene Watkins as Bob McKay's wife, Kaye;
Cynthia Stevenson as his daughter Trisha; Ruth Kobart as Iris Frankel, a
veteran comic book artist; Timothy Fall as Chad Pfefferle and Andrew
Bilgore as Albie Lutz, a couple of upstart artists and admirers of Bob;
and John Cygan as Harlan Stone, Bob's new boss.
Cheri and Bill Steinkellner and Phoef Sutton are creators and executive
producers of "Bob." Don Seigel and Jerry Perzigian are supervising
producers. Stephen C. Grossman is producer.
"Bob" is filmed before a live audience in Hollywood at Paramount Studios.
Paramount Pictures is part of the entertainment operations of Paramount
Communications Inc.
/CONTACT: John A. Wentworth, VP, Advertising/Publicity/
Promotion, Network Television Division of Paramount Pictures,
213-956-5394; or Michelle Hunt or Trisha Cardoso of Mahoney
Communications, 213-251-4608/
19:20 EDT
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120720
SUBJ: NETMANAGE POSTS ON THE INTERNET ITS "WINDOWS SOCKET API" TCP/IP
STACK FOR GENERAL DEVELOPERS TESTING; BOLD MOVE FOR ACCEPTANCE OF NEW
STANDARD
CUPERTINO, Calif., Oct. 13 /PRNewswire/ -- NetManage Inc. today posted
its developer pre-release of NEWT on the Internet. The TCP/IP
communications stack and development kit are fully compliant with the
Windows Sockets API Standard, previously called Winsock API.
Developers can now download NetManage's developer version of Windows
Sockets TCP/IP stack and test any application developed to this new
standard. Also provided are two test applications that test the TCP and
DP client and server functionality. Use of the tools is subject to
copyright and license limitation provided with the tools.
Dan Geisler, vice president of NetManage said, "By delivering the
pre-release version of our tools to all developers through immediate
downloading from the Internet, we can accelerate the acceptance of the
Windows Sockets API. By posting it this week, developers will be able to
perform testing before the official Windows Sockets compatibility testing
scheduled to take place next week in Mountain View, California."
Windows Sockets API
The new Windows Sockets API specification defines a standard interface
between a Microsoft Windows application and a PCP/IP protocol stack. The
specifications were previously known by the code name Winsock API.
The Windows Sockets API is based on NetManage's original specifications
that were submitted to the standards committee. The underlying
technology, including message-driven asynchronous- communications, was
first shipped by NetManage in September of 1990. NetManage provides a 100
percent Windows DLL (Dynamic Link Library) TCP/IP stack.
Applications developed using NEWT-SDK will be compatible with Windows
Sockets stacks from any other vendor. Starting today, developers need to
buy only one development kit to write applications to Windows Sockets
compliant stacks.
In addition to the Windows Socket, NEWT-SDK facilitates development using
the FTP, SMTP and SNMP DLLs.
Upgrade Path Available
Current users of NEWT TCP/IP software can upgrade to take full advantage
of the powerful new features of NEWT by purchasing the NEWT upgrade.
NEWT and NEWT-SDK run on both Windows 3.0 and 3.1.
The regular price of NEWT-SDK is $500 at a quantity of one. The price of
NEWT is $60 at a quantity of 100. Both products are now shipping.
NetManage Inc. develops, markets and supports network communications
tools for the Windows environment.
NetManage Inc. is located at 20823 Stevens Creek Blvd., Cupertino, CA
95014, U.S.A., phone 408-973-7171.
/CONTACT: Dan Geisler of NetManage, 408-973-7171; or Gary Chestnutis of
Info-Catalysts, 408-562-6399/
19:21 EDT
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120109
SUBJ: Japan Insolvencies -4: Labor-Related Failures Decline
Teikoku Data Bank said bubble insolvencies in September
came to 116 cases, up 15% from 101 cases the year before.
But the 577 cases of "recession" insolvencies due to
weak demand were up a sharp 88% from 307 cases the year
before. At 50.4% of total insolvencies, the weight of weak
demand in September's numbers was far above the 36.3% figure
for the year before.
The number of insolvencies tied to tight labor
conditions dropped to 31 cases, down 34% from 47 cases the
year before. September's total was down from 35 in August,
37 in July and 40 in June, reflecting an easing of tight
labor market conditions as Japan's economic slowdown has
dragged on.
Teikoku Data said the 7,522-employee total at insolvent
companies in September was 28% up from the year before.
- - 0059EDT
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DATE: 199404120114
SUBJ: *Japan Ruling Party Powerbroker Kanemaru Quits Parliament: Kyodo
Reports
- - 0113EDT
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120722
SUBJ: Sen. Fowler outlines positions on energy, environmental issues
WASHINGTON--(BUSINESS WIRE)--Energy America, a coalition of environmental,
consumer, and sustainable-energy organizations, Wednesday released the
results of a comprehensive candidate questionnaire completed by both
President Bush and his Democratic challenger Bill Clinton, as well as the
results of similar surveys completed by Georgia candidate for the U.S.
Senate, Sen. Wyche Fowler.
``This country uses a disproportionate share of world energy supplies and
therefore generates large quantities of polluting emissions which go into
our atmosphere. This survey is important because there are definite
policy differences between the candidates this fall which could have a
major impact on the nation's sustainable- energy policies, the environment
and public health,'' said Kurt Ehrenberg of Energy America.
Candidates were asked their positions on global warming,
sustainable-energy initiatives, auto fuel economy, nuclear power,
renewable energy sources, federal transportation policy, and potential
drilling in the Alaska Wildlife Refuge for oil and natural gas.
Following are results of the Energy and the Environment: 1992 Senatorial
Candidate Questionnaire from Sen. Wyche Fowler (D-Ga.):
Please answer each question yes or no. Attach comments, if you
wish, to clarify yes or no response.
---------------------------------------------------------------
1. Do you favor raising the Corporate Average Fuel Economy standards for
new automobiles to at least 40 mpg by the year 2001?
YES
2. Do you support the `one-step licensing' process for nuclear power
plants that curtails public participation and accelerates their
construction and operation?
NO
I, along with Sen. Robert Graham (D-Fla.), offered an amendment to
the National Energy Security Act of 1992 which would have ensured
public participation in licensing of these facilities.
3. Do you favor:
A. Opening the Arctic Wildlife Refuge to oil and natural gas
development?
NO
B. Requiring double hull construction on all oil tankers
operating in U.S. waters or subject to U.S. jurisdiction
by the year 2000?
YES
4. Do you support committing the Department of Energy to a goal
of U.S. energy self-sufficiency through a shift in funding from
nuclear fission and fossil fuels to the development and
implementation of energy efficiency and renewable energy
technologies?
YES
5. Do you support the position of Senate Majority Leader George
Mitchell:
``Because of the potential dangers posed by nuclear power, the tremendous
expense and time involved in bringing new reactors on line and the
political and scientific difficulties involved with the disposal of
nuclear waste, I believe that the United States should not pursue the
construction of new nuclear power plants facilities.''
YES
In light of formidable challenges such as clean up, waste disposal
and safety of these facilities, I agree with this conclusion. I
further believe that we must be more aggressive in the areas of
conservation and renewable energy sources.
6. Do you support combating the environmental dangers posed by
global warming by:
A. Setting a goal of reducing carbon dioxide emissions by at
least 20 percent by the year 2000 through policies
emphasizing a shift toward energy efficiency and renewable
energy sources?
YES
B. Instituting a `carbon tax' on CO2 emissions from fossil
fuels?
COMMENT
I would have to review the specifics of the proposal as
well as the context in which it is put forth.
C. Accelerating the elimination of CFCs to a deadline of
Jan. 1, 1995?
YES
...if feasible
D. Initiating a large scale effort for development and
commercialization of solar/hydrogen fuel systems for
vehicles and power generation?
YES
7. Do you support the goals of the Sun Day 1992 Campaign of:
A. Reducing U.S. energy use by at least 10 percent by the
year 2010?
YES
B. Tripling the current contribution of renewable energy
technologies by 2010?
COMMENT
I authored the most sweeping renewables law to be enacted
recently and most of the efficiency and renewables
provisions now in the National Energy bill arise from the
aggressive timetable in my legislation.
8. Do you support the re-authorization and strict enforcement of the
Endangered Species Act even in cases where it would block energy
projects?
YES
I have consistently supported the Endangered Species Act.
9. Do you support:
A. The federal government forced siting of the proposed high
level radioactive waste facility at Yucca Mountain, Nev.?
COMMENT
We are currently proceeding with the site evaluation of
the location to determine its suitability. Once the
evaluation is complete, I plan to study the findings
carefully.
B. Operating the Waste Isolation Pilot Project near Carlsbad,
N.M.?
YES
...if all environmental requirements are met.
C. Current so-called `low level' radioactive waste policy
which shifts responsibility from the private generators of
radioactive waste to state governments?
COMMENT
Georgia is part of a Regional Compact with seven other
southeastern states to deal with waste disposal. The 1980
Waste Policy Act requires states to develop managment plans
and I cosponsored the most recent amendments to the act.
D. A comprehensive re-evaluation of U.S. policy in regard to
the storage and isolation (`disposal') of nuclear waste?
YES
E. The Below Regulatory Concern policies which deregulates
the disposal of some radioactive waste materials, certain
radioactive emissions, and radioactive material practices?
NO
I am a cosponsor of S. 1111 and joined with 29 of my Senate
colleagues in writing Senate conferees to the Nationl Energy
Strategy bill asking them to include the provisions of this
bill in the conference report.
10. Do you support the authority of state governments to:
A. Protect their citizens from radiation and other toxic
emissions with stricter than federal laws and regulations?
YES
B. Veto the relicensing of nuclear power plants for safety or
economic reasons, after their 40 year operating license
has expired?
YES
C. Set and enforce stricter than federal standards for the
transportation of radioactive waste across state borders?
YES
11. Do you support the adoption and funding of a federal transportation
policy committed to the development of high speed rail, light rail,
bikeways and other environmentally sound mass transit systems?
YES
12. Do you favor a ban on off shore oil drilling in environmentally
sensitive areas?
YES
13. Do you support protecting the rights of citizen groups to gather
information from and protect the identity of whistleblowers?
YES
14. Do you support the United States signing the global biodiversity
treaty, and taking a leading role in reaching international agreements and
proposing initiatives to restore and protect the global environment?
YES
End of questionnaire. Thank you for your cooperation.
CONTACT: Phil Sparks, 202/682-1270, of Communications
Consortium;
Kurt Ehrenberg or Roy Morrison, 603/431-2499 or
603/456-3641, of Energy America; or
Dennis Creech, 404/525-7657
10:00 ET OCT 13, 1992
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090005, Page:
SOURCE: WSJour
DATE: 199404120252
SUBJ: From Iraq's Slough of Despond ---- By Emma Nicholson
SECTION: , ACCESSION: 199210090005
After the Gulf war, the Kurds rose up in the north of Iraq and the
Shiites in the south. On our television screens, we saw the tragedy of the
Kurds, and the West reacted. We didn't see the southern tragedy. But I
have seen it. Six times in the past 14 months, I have traveled to southern
Iran. On four of those trips I crossed into Iraq, traveling by small boat
well inside the Iraqi marshes. I have seen there the terrible consequences
of the West's lack of reaction.
I returned from my last trip on Sept. 20. This time, at least, it was
comforting to know that the aircraft I could see overhead were allied
planes, enforcing the no-fly zone. But protection in the air means little
if the people remain vulnerable on the ground. Since the enforcement of
the no-fly zone, Saddam has stepped up his onslaught in the marshes
themselves.
The marsh Arabs have an ancient and distinctive culture that takes its
livelihood from the water. The people subsist from small rice farms,
fishing and raising water buffalo. Their shelters are built of marsh
grasses. Saddam's engineers are draining the water away. Since my first
trip, just over a year ago, I have seen the marks of the falling water
level creeping ever lower on the stems of the marsh grasses. This time,
even the plants' roots were exposed. Saddam is deliberately contaminating
the water that remains. In places, the marshes reek of sewage trucked from
nearby cities by Saddam's forces in a crude, low-tech version of
biological warfare.
I traveled through marshes smoking from ground-launched bombardments.
Hundreds of the marsh-dwellers' tight-packed, reed-built villages have
been razed, their small rice plots burned. A year ago, I brought out
evidence -- personal testimonies and photographs. The reply that filtered
back from the Pentagon was that the marsh people exaggerate.
My answer was to gather evidence that would be irrefutable. I reached the
heart of the marshes, one mile from Saddam's front line. There I found
starving, desperate people, drinking filthy water and eating contaminated
fish. They had fled villages under assault by Saddam's forces with nothing
but a square of duckboard to squat upon and a threadbare blanket for
protection against the elements. Their weapons were old Russian repeater
rifles with a few rounds of ammunition.
Many refugees like these have made the dash across the border into Iran.
But to make the crossing, they must brave mined waters and a line of
Saddam's soldiers. On my most recent trip, my small boat passed through a
stretch of water "cleared" of mines at the cost of eight families who had
tried to flee by that route a week earlier. Some won't leave the marshes
because their water buffalo, the only asset they have, can't survive on
the dry ground of the Iranian side.
Iranians have set up tent camps for the refugees. But with some 3.5
million people sitting on its various borders, its humanitarian aid
resources are stretched. Judging from the poor quality of the Shiites'
arms, the fear of Iranian military meddling is unfounded.
The Iranian authorities allow me to cross into the marshes, knowing I
have been able to raise some funds to set up aid committees to deliver
food and to bring in Iraqi doctors. The money has come from private
donations, the British government's Overseas Development Administration
and the European Community. One of our committee members was shot last
week delivering this EC-funded food. We need more money. Some of the
people I saw on my last trip seemed about two weeks from starvation.
Disease is epidemic.
The United Nations has been ineffective in the south. Saddam has banned
U.N. officals traveling there, and what U.N. funds have been earmarked for
the south appear to have been paid to officials who belong to Saddam, who
then distribute food only to the army. In Iran, the U.N. officials have
been sitting in the most expensive hotel for more than a year. They seem
to have achieved little. Yet much can be done: The brave people working on
my committees from the Iranian side have proved that it's possible.
In April 1991, the U.N. Security Council passed resolution 688, to
insist: "That Iraq allow immediate access by international humanitarian
organizations to all those in need of assistance in all parts of Iraq. . .
." Nothing has been done in the south to implement that resolution. In
Britain, I chair an all-party committee designed to provide the Iraqi
Shiites with some political muscle; Congress should form a similar group
fast. We need a declaration to Saddam that if his ground forces remain
south of the 32nd parallel, we'll act.
Toward the end of my last trip, I encountered on the Iranian border a
family I'd met once before, in August 1991. The deterioration in their
condition was pitiable. Barely alive, they couldn't manage the 25-mile
trip to a food and clothing center my team had set up. The grandmother
said the children ran to me because I brought them the smell of Iraq,
their home. She told me again of the murders she'd witnessed -- her
husband, brothers, sons and uncles. She had been forced by Saddam's troops
to stand close during their executions after the failed uprising. She fled
with the other women, children and elders to the sanctuary of the Iranian
border.
The old woman's aba, the black cloak Shiite women wear to shield their
modesty, had worn threadbare in the year since I'd first met her. I handed
her my own, still heavy with mud from the marshes that had been her home.
Her world in those marshes stretches back for thousands of years. It is in
these lands, between the Tigris and Euphrates, that Western civilization
began. It is our history, too, that is being destroyed.
---
Ms. Nicholson, a Conservative MP, chairs the British Parliamentary
All-Party Group for the Iraqi Shias.
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells BANKNORTH GROUP INC. Stock
ISSUER: BANKNORTH GROUP INC.
SYMBOL: BKNG
FILER: MILNE GEORGE D
TITLE: Officer.
SOLD: 9/11/92 2,000 13.00
OWNERSHIP: 36,772 Direct Common
COMMENT: Open Market Sale
10/14/92 03:04
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120603
SUBJ: Genes Play Role In Alcoholism In Women, Study Finds
By Ron Winslow
LOS ANGELES -- Genetic factors play the same important role in the
development of alcoholism in women as they do in men, a new study
suggests, The Wall Street Journal reported.
The report, based on a study of 1,030 sets of female twins, contradicts
widely held assumptions as well as previous research that social and
psychological factors are far more important than genetic makeup in
explaining why women become alcoholics.
"These results suggest that the biomedical community needs to rethink its
attitude toward alcohol and women," says Kenneth S. Kendler, of the
departments of psychiatry and human genetics at Medical College of
Virginia in Richmond.
By regarding such factors as marital unhappiness and loneliness as
overwhelming contributors to excess drinking in women, doctors may ignore
genetic influences that would enable them to detect a woman's
vulnerability to the disease before it became a major health problem, Dr.
Kendler says.
The study appears in today's Journal of the American Medical Association.
Kendler, who is the lead author of the report, also presented the findings
at the AMA's conference for science reporters here.
Alcoholism is one of the nation's most devastating public health
problems. About one in seven Americans have a serious drinking problem at
least once during their lives. When alcohol-related homicides, auto
accidents and other factors are accounted for, the disease is the fourth
leading killer in the U.S.
Men in the U.S. are about five times more likely than women to become
alcoholics, but among people in their 20s and 30s, the ratio is closer to
2 to 1, Kendler said, indicating that the disease is becoming a growing
problem for women.
Researchers have long known that alcoholism runs in families, but only
recently have they begun to look at experiences of twins and adopted
children to distinguish between genetic and shared social influences that
might explain why.
In the current study, Kessler and his colleagues conducted interviews
with both members of 1,030 sets of twins born from 1934 to 1971, using
among other things a standard diagnostic test for alcoholism. The
researchers said 590 of the pairs were identical twins, meaning they
shared the same genetic makeup, and 440 were fraternal, meaning some genes
are different.
The study found that 6.2% of the group had serious alcohol problems and
2.8% met standard diagnostic criteria for the disease but weren't
alcohol-dependent. Another 8.3% reported significant drinking problems,
but they didn't meet criteria for alcoholism.
If one member of a pair of identical twins suffered from serious
alcoholism, the study found, her twin sister was five times more likely
than non-alcoholic twins to have the same degree of illness. In fraternal
twins, the risk was about 1.5 times. This much higher risk among the
identical twins was similar across the three levels of the disease.
Using another statistical analysis, the researchers factored
family-related social factors and determined that the proportion of
genetic influence for alcoholism ranged from 50% to 61%, about the same as
a previous study estimated for men.
Kendler said the results mean that more women should be participants in
research efforts to identify genes that predispose people to the disease.
And he said they suggest that doctors should take careful family histories
of women patients since alcoholism, like most illnesses, is much easier to
treat or prevent when risk for the disease is detected early.
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090006, Page:
SOURCE: WSJour
DATE: 199404120252
SUBJ: International: German Parliament Moves Closer To Approving
Maastricht Treaty ---- By Peter Gumbel Staff Reporter of The Wall Street
Journal
SECTION: , ACCESSION: 199210090006
BONN -- Germany's Parliament is pushing ahead with ratification of the
European Community's Maastricht treaty, apparently undeterred by strong
doubts among the German people and unmoved by controversy surrounding the
document elsewhere in Europe.
The Maastricht blueprint for currency union and closer political
cooperation in the 12-nation EC sailed through its first reading in the
German Bundestag, or lower house, yesterday. A final vote is expected
before the end of the year. Judging by the initial debate, the treaty is
likely to be approved by a large bipartisan majority.
The only dissent came from a handful of former East German Communists who
oppose the treaty because, among other things, they feel it isn't
sufficiently democratic. The most significant point of contention among
the other deputies was whether the Parliament should have a final say
before Germany relinquishes its currency, the mark, in favor of a common
European currency later this decade. Chancellor Helmut Kohl's government
indicated that Parliament would be consulted in some form but left open
the matter of whether its decision would be binding.
The contrast between the ratification process in Germany and in the
nations that are its major partners could hardly be greater. In France and
Britain, the political establishment has been split down the middle over
Maastricht, but all mainstream German parties welcome the treaty.
They do so for two main reasons: Closer European integration, they hope,
will contain the resurgence of German nationalism that politicians here
seem to fear as much as their European neighbors do; and the Maastricht
treaty was created very much in Germany's image, with an emphasis on
economic stability guaranteed by an independent central bank and a largely
federalist political structure.
By signing up for the Maastricht provisions, said Finance Minister Theo
Waigel, "the other European states de facto adopt our concept of economic
policy."
The show of parliamentary unity also contrasts with the public unease
that has grown in Germany as the treaty has run into problems elsewhere in
Europe. An opinion poll by the Allensbach institute published yesterday
showed that public backing for Maastricht is slender. Just 39% of those
asked said they support it, against 35% who oppose it and 25% who are
undecided.
Given the big gulf between public misgivings and strong parliamentary
support for Maastricht, one conservative deputy in Chancellor Kohl's
party, Renate Hellwig, said the Bundestag debate was so remote from the
people, "it could be taking place in a Bonn spacecraft."
But German voters won't be consulted, even though three out of four say
they want a referendum, according to Allensbach. Mr. Kohl argues that the
constitution has no provision for the holding of a referendum. Opposition
groups point out that the constitution doesn't exclude them.
In place of a plebiscite, Mr. Kohl's government is proposing a set of
measures to its European partners that aims to address public worries by
curbing excessive EC regulation and overcentralized decision-making.
Without divulging details of these proposals, Foreign Minister Klaus
Kinkel said he was hopeful some of the ideas would be agreed to at an EC
summit next week in Birmingham, England.
The German proposals apparently don't address the issue causing the most
consternation here: the future of the mark, a proud symbol of postwar
prosperity. The German public and a majority of business executives are
nervous that the new single European currency foreseen in Maastricht will
be a recipe for inflation rather than a guarantee of economic stability.
One poll by the IFO research institute this week showed only 40% of German
executives think a single currency is a sensible idea.
Seeking to allay such fears, Mr. Waigel, the finance minister, promised
deputies that "the strong German mark will not be abolished by monetary
union" but would only be phased out later, well into the next century. He
insisted that the planned European central bank should be located in
Frankfurt, home of today's German central bank, and held out the
possiblity that a common currency could be known as the Euromark, rather
than the planned name of ECU, for European currency unit.
Mr. Waigel also pledged that the economic criteria laid down in
Maastricht as the price of entry into monetary union wouldn't be tampered
with by politicians. Several deputies worried that countries such as
Italy, whose economy is unlikely to meet Maastricht's strict criteria
regarding inflation, budget deficits and debt, may be included in the
union anyway for political reasons.
The German debate was strikingly different from the discussion elsewhere
in Europe in the way it addressed the issue of national identity and
sovereignty. In France and Britain, treaty opponents are aghast at handing
national economic powers over to unelected European officials. But in
Germany, where memories of Hitler's Third Reich linger, national power is
seen by many in politics as a largely negative phenomenon, a short step
away from destructive nationalism.
"Anchoring Germany in Europe is good for Germany and good for our
European partners," said Rita Suessmuth, the Bundestag's president. Such
self-effacing comments, typical of the debate, are increasingly out of
line with public opinion, however. According to the Allensbach poll,
Germans have become far more conscious of their national identity -- and
clout -- over the past two years. A clear majority now believes Germany
should do more to advance its own national interests, and not just pay
attention to the concerns of its neighbors, the poll found.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120118
SUBJ: Japan Insolvencies-5: Insolvencies By Industrial Sector
A table by major industrial sector of the number of
insolvencies in September compared to the year before and
to August follows:
Industry Sept/92 Sept/91 Change On Yr Aug/92
Real Estate 100 89 +12 102
Construction 235 174 +35 209
Service 119 82 +45 131
Retail 182 176 + 3.4 185
Wholesale 257 175 +44 261
Manufacturing 198 107 +85 198
-0- 0117EDT
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120724
SUBJ: Gary Becker, Nobel Prize winner in Economic Sciences, is senior
fellow at the Hoover Institution
STANFORD, Calif.--(BUSINESS WIRE)--Gary Stanley Becker, senior fellow at
the Hoover Institution at Stanford University, has been awarded the Alfred
Nobel Memorial Prize in Economic Sciences for 1992.
A university professor in the University of Chicago's Departments of
Economics and Sociology, Becker has been affiliated with the Hoover
Institution since 1973 when he was named to the Hoover Institution's
Domestic Studies Advisory Board. He was appointed a senior fellow at the
Hoover Institution in 1990.
A major force in the development of contemporary economic thinking,
Becker's innovative linking of empirical generalizations to a broader
theoretical framework extended the application of economic reasoning to
academic fields previously considered largely outside the scope of
economics.
His work has stimulated controversy and much additional study not only
among economists, but also by sociologists, anthropologists, political
scientists, demographers, criminologists, and biologists, thus
contributing an important step in the unification of the social sciences.
Becker is well-known for his work on labor economics and the economics of
the family, extending further than anyone previously the hypothesis of
rational behavior as the explanation of many social phenomena.
In A Treatise on the Family, he applies economic theory to some of the
consequential personal decisions that individuals make in life, such as
choosing a spouse or having children. He has also done precedent-setting
work in the field of discrimination, and his seminal book, ``The Economics
of Discrimination,'' is a standard in the discipline.
Commenting on Becker's receipt of the prize, Hoover Director John Raisian
said: ``My colleagues and I are extremely proud to have Gary Becker as a
Senior Fellow at the Hoover Institution. Professor Becker is a true
pioneer in many fields, especially in areas of human capital and the
integration of economics with family and social behavior.
``He also is an outstanding teacher, and over the years he has been a
mentor to many students of economics, among whom I am pleased to count
myself.''
Becker earned a Ph.D. in economics from the University of Chicago in 1955
and served on its faculty until 1957, at which time he joined the Columbia
University faculty where he served until 1969. During the 1969-70
academic year, he was a Ford Foundation Visiting Professor of Economics at
the University of Chicago, after which he became a regular member of the
Chicago faculty.
A columnist for Business Week magazine, Becker is also an associate
member of the Institute for Fiscal and Monetary Policy for the Ministry of
Japan. He is a member of the National Academy of Sciences, the American
Philosophical Society, and the National Academy of Education. He is also a
fellow of the American Academy of Arts and Sciences and of the Econometric
Society, among other elected and professional societies.
CONTACT: Hoover Institution
Michele M. Horaney, 415/725-7293
19:13 ET OCT 13, 1992
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120725
SUBJ: CANADA NEWSWIRE DAYBOOK FOR WEDNESDAY, OCTOBER 14, 1992 ALL TIMES
ARE LOCAL
--------------------------------------------------------------- NEW BRUNSWICK TIME: 9:00 a.m. - 5:00 p.m. EVENT: Day 1 -
Tele-Solution East : a two-day trade show and conference focusing on the
telemarketing industry LOCATION: Saint John Trade and Convention Centre, ST. JOHN
CONTACT: Helena Cain, vice president, Telemarketing Association,
506-658-7142 ---------------------------------------------------------------
ONTARIO TIME: 10:00 a.m. - 4:00 p.m. EVENT: Farmers' Market presented by the
City of Toronto and the Ontario Farm Fresh Marketing Association
LOCATION: Nathan Phillips Square, Toronto City Hall, TORONTO CONTACT: Joanne
Smale Productions, 416-363-4051
TIME: 10:15 a.m.
EVENT: McDonald's 25th Anniversary brings Canada its first
Snoezelen - a new technology using sensory
stimulation therapy benefitting children with severe
learning and sensory challenges
LOCATION: McDonald's Restaurant, 1125 Sheppard Avenue East at
Leslie Avenue, TORONTO
CONTACT: Michelle Lane, Continental PIR, 416-598-8988
TIME: 11:00 a.m.
EVENT: The Certified General Accountants Association of
Ontario holds a news conference to announce its stand
on the Oct. 26 referendum
LOCATION: Queen's Park media studio, TORONTO
CONTACT: Bobbi Greenberg or Linda Franklin 416-586-1474
TIME: 1:30 p.m.
EVENT: The Lieutenant Governor of Ontario presents the Royal
Canadian Military Institute with the Waterloo Section
of the Hal Jackman Model Soldier Collection
LOCATION: Royal Canadian Military Institute,
426 University Avenue, TORONTO
CONTACT: Jack Oldham, PR Director, Royal Canadian Military
Institute, Tel: 416-597-0286; Fax: 416-597-6919
TIME: 2:30 p.m. to 3:30 p.m.
EVENT: Metro Board of Trade briefs the media on an ``open
letter'' to members which rates 8 key clauses of the
Charlottetown Agreement
LOCATION: Metro Toronto Board of Trade, First Canadian Place
(Adelaide St. Entrance), 3rd floor, Osgoode Room,
TORONTO
CONTACT: Warren Ralph, Board of Trade of Metropolitan Toronto
416-366-6811; Jill May, Media Profile 416-366-8464
TIME: 5:30 p.m. - 8:00 p.m.;
7:00 p.m. (Mayor Rowlands officially opens the
exhibition)
EVENT: Opening reception of ``Bay Street - History in the
Making'' photo exhibit
LOCATION: Lobby, 320 Bay Street (southwest corner of Adelaide),
TORONTO
CONTACT: Rhoda Eisenstadt or Betty Alexander, The
Communications Group Inc., Toronto, 416-696-9900
TIME: 6:30 p.m. (Reception);
7:30 p.m. (Dinner)
EVENT: The Canadian Executive Service Organization honours
Maurice Strong with the CESO Award for International
Development
NOTE: Exhibit runs October 15 - 30, 1992
LOCATION: Toronto Ballroom, Toronto Hilton Hotel,
145 Richmond Street West, TORONTO
CONTACT: George James, 416-598-8988; Kate Dillon or
Christine Martin, 416-596-2376
----------------------------------------------------------------
ALBERTA
DATE: October 14 - 23, 1992
EVENT: Syncrude Canada Ltd.'s major touring exhibition,
Canada's First People: A Celebration of Contemporary
Native Visual
LOCATION: Banker's Hall, CALGARY
CONTACT: D'Arcy Levesque, Public Affairs Manager, Syncrude
Canada Ltd., 403-790-6407; Patricia Nicholl, Project
Manager, Syncrude Canada Ltd., 403-420-6964; Paul
Manuel, Consultant, Continental PIR, 403-424-5944
TIME: 10:30 a.m.
EVENT: The Right Honourable Joe Clark speaks about the
Charlottetown Accord to students and members of
faculty
LOCATION: University of Lethbridge, LETHBRIDGE
CONTACT: Suzanne Cobb, Minister's Office, 613-943-2096
----------------------------------------------------------------
/EDITORS: For further information or repeats please call: CNW TORONTO
OPERATIONS at (416) 863-9350/
19:07 ET
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120603
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090008, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK
LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
SECTION: , ACCESSION: 199210090008
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SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
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CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090009, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Smoking Ban Sought By Agency on Flights Between Countries ---
U.N. Aviation Authority Urges Member Nations to Enforce
Prohibition by July 1, 1996 ---- By Christopher J. Chipello Staff Reporter
of The Wall Street Journal
SECTION: , ACCESSION: 199210090009
MONTREAL -- In a step toward eliminating smoking on long-haul passenger
flights, the International Civil Aviation Organization approved a
resolution urging member nations to ban smoking on international flights
by July 1, 1996.
The resolution, which isn't legally binding, was adopted by a consensus
of the 153 nations meeting here in the United Nations agency's triennial
assembly. A dozen countries, most of them European, formally expressed
reservations.
Many nations in recent years have restricted smoking on domestic flights.
The U.S. bans smoking on domestic flights of six hours or less. Canada
bars smoking on domestic flights and has ordered Canadian carriers to
phase out smoking on international routes by next July.
Some airlines support an international ban in principle but fear they
will be left at a competitive disadvantage on transoceanic flights if
other nations don't go along.
"We could support it if the same prohibition exists for foreign"
carriers, says a spokesman for the Air Transportation Association, the
trade association for major U.S. airlines.
The ICAO resolution urges member states "to take necessary measures as
soon as possible to restrict smoking progressively on all international
passenger flights with the objective of implementing complete smoking
bans" by July 1996.
"I'm very confident there will be no difficulty at all in implementing"
the resolution, says David Wightman, Canada's assistant deputy minister of
transport. "It's an idea whose time has come."
Others aren't so sure. The U.K. delegate to the ICAO assembly said his
government believes that smoking bans "should be a matter for the judgment
of the airlines who would have to implement" them. Germany, Mexico, Spain,
Sweden, and seven other nations associated themselves with that view.
The health hazard of exposure to smoke for flight crews and nonsmoking
passengers isthe main argument for the ban. "When you're in an aircraft,
you can't open the door and go outside," notes Kenneth Rattray, Jamaica's
delegate to the ICAO assembly.
The ICAO also is studying possible safety problems associated with
smoking. Eliminating smoking provides other benefits for airlines,
including lower costs for cleaning filters and replacing burned
upholstery, says William Jackson of the Air Transport Association.
When Northwest Airlines eliminated smoking on its U.S. flights in 1988,
two years before the legal ban on six-hour flights, "a lot of airlines
thought it was a mistake," says Douglas Miller, spokesman for the Wings
Holdings Inc. unit. "But passenger reaction was "overwhelmingly" positive,
he says. "We're certain that we gained a lot more passengers than we
lost."
Overseas flights are another matter. "A much higher percentage of our
passengers want to smoke on trans-Pacific flights, says Northwest's Mr.
Miller, "particularly our Asian passengers."
That's a potential headache for PWA Corp.'s Canadian Airlines
International unit, which must eliminate smoking on its trans-Pacific
flights by next July. A PWA spokeswoman says the company is telling
passengers they'll still be able to smoke if they book seats on Japan Air
Lines, under a partnership arrangement in which the two carriers book
seats on each other's planes on certain routes.
Supporters of the ICAO resolution predict member states will act on it
because there's increasing public support in many nations for the
concept.
"There is a wave of support for the banning of smoking on airlines," says
Don Newman, U.S. minister to the ICAO. "I think events will overtake
policy."
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120725
SUBJ: A TOTAL OF 13.2 MILLION ELECTORS ENUMERATED AND ELIGIBLE TO VOTE IN
FEDERAL REFERENDUM
OTTAWA, Oct. 13 /CNW/ - Federal enumerators have gathered more than 13.2
million names in door-to-door enumeration, and preliminary voters' lists
are now compiled on computers in 220 ridings in nine provinces and two
territories (Quebec is holding its own vote under provincial law) for the
federal referendum.
``We've had a successful enumeration and are now reaching out to those
people who were missed by the door-to-door enumeration,'' said Mr.
Jean-Pierre Kingsley, Canada's Chief Electoral Officer. ``In one week,
more than 13.2 million names and addresses were entered into our
computers.''
Provincial and territorial totals for enumeration are as follows:
Newfoundland 386,856 Saskatchewan 645,244
New Brunswick 509,859 Alberta 1,627,089
Nova Scotia 639,892 N.W.T. 32,164
P.E.I. 91,098 British Columbia 2,074,947
Ontario 6,467,364 Yukon 16,480
Manitoba 720,764
The preparation of the voters' lists for this referendum is based on a
new system of computerizing the lists of electors developed specially by
Elections Canada, in cooperation with the private sector. SHL Systemhouse
was responsible for logistics and administration of the systems, Philips
Electronics provided the hardware, and ISM Corporation developed the
software.
The system, called Elections Canada Automated Production of Lists of
Electors (ECAPLE), facilitates the compilation of lists of electors and
will streamline the revision process which is about to begin. It should
be noted that the final list of electors prepared for this referendum can
be re-used as the preliminary list for the next federal election, if the
election is called within one year. This means that Elections Canada will
save the expense of enumerating voters a second time.
``We are proud of this new technology and are very pleased that it was so
professionally managed,'' said Mr. Kingsley. ``Our computers are now
completing the printing of Notice of Enumeration cards personally
addressed to each elector, which should arrive at homes by October 16. If
you don't receive this card, contact the Elections Canada office for your
riding immediately to guarantee your right to vote.''
Eligible electors living in urban polling divisions who want to vote in
the referendum must have their names on the list of electors by October
19.
In rural areas, electors can verify if their name appears on the voters'
list when it is posted in public places. Rural voters whose names are not
on the voters' list may still cast their ballots on Referendum Day if a
registered elector in the same polling division vouches for them at the
polling station.
Mr. Kingsley reassured electors that the information on the voters' lists
is protected, and stressed that under the Referendum Act, the voters' list
may only be used for electoral purposes. Any person who misuses the list
is guilty of an offense and is liable to a fine and/or imprisonment.
Elections Canada is the non-partisan agency responsible for the conduct
of the federal referendum.
/For further information: Sylvie Moncion or Carla Shore, (613)
993-2224 or 1-800-267-7360 (toll free)/
19:11 ET
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Singapore Late-AM:Dlr Down Vs Pound, Mark From Tokyo Levels
SINGAPORE -(AP-DJ)--The dollar is lower than earlier Tokyo levels against
sterling and the Deutsche mark in scrappy dealings Wednesday in Singapore.
Dealers said that with no strong fresh news to focus on, speculation on
possible interest rate cuts by Britain and Germany dominate sentiments in
thin trading.
The sterling, which had fallen in Tokyo earlier against the dollar, has
regained some strength. The pound is, however, still down versus marks.
At around 0335 GMT, the sterling is at 1.7140 dlrs, up from 1.7134 dlrs
in Tokyo at around 0200 GMT, but down from 1.7160 dlrs in New York late
Tuesday.
The pound is also at 2.5071 marks, down from 2.5096 marks in Tokyo and
off from 2.5122 marks in New York.
Dealers said however they see the pound's fall as limited as rate cut
talk by Britain has been going around for some time.
A dealer with a large French bank assessed an immediate floor of 2.50
marks for the sterling.
Meanwhile, the dollar is seen to be captured in a narrow band again the
mark and the yen. The dollar is at 1.4640 marks, down from 1.4647 marks in
Tokyo earlier, and unchanged from 1.4640 marks in New York late Tuesday.
The U.S. currency was also at 121.10 yen, weaker than 121.14 yen in Tokyo
but unmoved from 121.10 yen in New York.
The chief dealer with an Australian bank said selling offers for the
dollar are seen at the 1.4680-mark level, while buying interest is at
1.4580 marks.
On the Singapore International Monetary Exchange (SIMEX), currency
futures were heard mixed compared to Tuesday levels at the close of
Chicago's International Monetary Market (IMM), and were also mixed from
the previous SIMEX close.
December delivery yen was heard offered at 0.8245 U.S. cent, off from
0.8260 cent at the close of IMM Tuesday but above the previous SIMEX close
of 0.8220 cent.
December delivery marks were heard offered at 0.6764 U.S. dlr, up from
0.6740 at the IMM close and from the previous SIMEX close of 0.6691.
December sterling was offered at 1.6990 dlrs, off from 1.7066 dlrs Tuesday
at the IMM, but up from its previous closing of 1.6950 dlrs at SIMEX.
December Eurodollar futures, last offered at 96.66, is slightly off from
96.68 at their Tuesday SIMEX close. December Euroyen futures were offered
at 96.39, higher than from the previous finish 96.36.
December Nikkei futures were offered at 17,610 points, down from its
previous closing of 17,675 points and off its opening level of 17,850
points.
In local foreign exchange markets, the dollar was quoted at 1.6090
Singapore dlrs, marginally firmer from the previous level Tuesday in the
republic of 1.6086. The U.S. unit was also quoted at 2.5095 ringgit, up
from 2.5063 ringgit at its previous session's level in Kuala Lumpur.
-0- 0408GMT
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090010, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Advisers in Futures Posted a 5% Increase During September
SECTION: , ACCESSION: 199210090010
NEW YORK -- Futures trading advisers posted a 5% gain in September from a
month earlier, according to a "flash" report by Managed Account Reports.
The advance was the fourth consecutive monthly gain reported by the
industry newsletter, following losses in each of the year's first five
months.
For the first three quarters of 1992, Managed Account Reports' trading
adviser index is up 9.9%.
Trading advisers are professionals who manage the money that individuals
and institutional investors place into commodity funds, pools or private
accounts.
The index is dollar-weighted and is normally computed from the
performance of the 25 largest trading advisers tracked by the publication,
but the early flash value is calculated from the reports of nine
representative traders.
The volatility in the currency markets resulted in some traders having
significant gains while others had noteworthy losses. A few trading
advisers moved to the sidelines.
Most of the trend-following traders had small losses for the month.
Trend-followers try to detect when prices are making sustained moves
upward or downward and then buy or sell futures contracts to profit from
those moves. In September, advisers who based their trading decisions on
discretionary methods, as opposed to following trends, had solid gains,
frequently in double digits.
Public commodity funds did not do as well as the trading advisers, with
the index that Managed Account Reports calculates for funds down about
0.2% in September. That result would leave the fund index for the
year-to-date up about 0.1%. The performance of the funds in the index was
largely determined by how well they were able to trade last month's
currency moves. Of the 12 funds that make up the flash value of the index,
four were up, six were down and two were unchanged for the month.
Managed Account Reports tracks 174 public funds open to U.S. investors.
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120604
SUBJ: Buyer Of Failed Texas S&Ls Under `Southwest Plan' Sues U.S
By Christi Harlan
A company that acquired 11 failed Texas thrifts in a government-assisted
transaction in 1988 charged in a lawsuit that thrift regulators had failed
to disclose the depth of the institutions' problems, The Wall Street
Journal reported.
The suit is believed to be the first to make such allegations against
regulators who crafted the 1988 thrift sales, which were arranged under
the so-called Southwest Plan. The Southwest Plan transactions typically
included immediate cash infusions by the government, as well as guarantees
of future cash payments to protect the acquirers from losses on risky
loans and repossessed real estate held by the acquired thrifts.
Those concessions by the government prompted criticism in Congress and
elsewhere that the Southwest Plan transactions were overly lucrative for
the acquirers, which include such companies as Temple-Inland Inc. of
Diboll, Texas, and such Wall Street financiers as Lewis Ranieri and Ronald
O. Perelman. Until yesterday, none of the acquirers had complained.
The suit was filed in the U.S. Claims Court in Washington, D.C., by Adam
Corp., a holding company based in Bryan, Texas. The privately held company
was mainly in the cable-television business until four years ago today,
when it completed the acquisition of the 11 failed thrifts that are now
known as AmWest Savings Association.
The company alleges that thrift regulators in Washington, D.C., and Texas
didn't disclose substantial loan problems at the largest of the failed
thrifts, Olney Savings Association of Olney, Texas, which held about a
third of the $3.76 billion in total assets of the 11 thrifts.
Adam also alleges that the regulators withheld information about problems
with some of Olney's former officers. Those ex-officers have been accused
by the Federal Deposit Insurance Corp., in a separate lawsuit, of
directing improper loans that cost the thrift at least $50 million.
One of Olney's former officers was installed as chairman of the new
thrift, AmWest, for about nine months before thrift regulators told Adam
that they wouldn't approve his hiring, the company said in its complaint.
Like other failed Texas thrifts, Olney was allegedly plagued by
sweetheart loans involving officers and favored borrowers. Nonetheless, at
one point thrift regulators considered allowing Olney to become an
acquirer under the Southwest Plan. Adam claims that situation contributed
to the alleged lack of disclosure by regulators.
Spokesmen for the FDIC and the Office of Thrift Supervision, the two
agencies that inherited thrift-regulatory duties in 1989, said they hadn't
seen the suit and couldn't comment.
Adam, which initially invested $80 million in the thrifts, asks that the
claims court find that the government breached the contract that sealed
the 1988 acquisitions. The company is seeking unspecified damages to cover
its losses to date and for the right to shift responsibility for losses on
certain loans to the government. The amount of those loans wasn't
disclosed.
AmWest's general counsel, Mark Mesec of Dallas, said the thrift "remains
hopeful that this matter can be resolved between the parties without the
need for active litigation." AmWest said it had about $2.8 billion in
assets as of Sept. 30, down about 35% from the $4.3 billion it had at the
time of the acquisitions.
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090011, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Measure to Step Up Futures Regulation Wins Final Congressional
Approval ---- By Kevin G. Salwen Staff Reporter of The Wall Street Journal
SECTION: , ACCESSION: 199210090011
WASHINGTON -- The Senate gave final congressional approval to a bill that
will bolster oversight of the futures industry, install the last of the
White House-recommended reforms from the 1987 crash and open new lines of
business for the commodity markets.
The bill, which received House backing Friday night after months of
haggling in a House-Senate conference, was driven by the 1989 government
undercover operation that led to dozens of indictments at the Chicago
Mercantile Exchange and the Chicago Board of Trade.
In response, Congress created a bill that will improve so-called audit
trails, increase floor surveillance at the exchanges to help regulators
uncover wrongdoing and boost criminal and civil penalties. Moreover, the
bill will bar brokers from trading for their own accounts or for customers
unless exchanges can prove that they have strong enough audit trails to
deter fraud.
The Senate passed the bill on a voice vote last night after several days
of parliamentary maneuvering to clear a legislative logjam before
adjourning for the year. President Bush is expected to sign the measure.
The threat of the bill, which has been in the works for nearly four
years, already has prodded the Chicago exchanges to improve surveillance.
The key piece of that effort is a hand-held machine that each floor broker
will be required to use to record all trades, complete with a time stamp.
The exchanges already have tested a prototype and will roll out a second
version of the machine this year. The system is expected to be used fully
at both exchanges next year, Board of Trade spokesman David Prosperi said,
after which the exchanges will probably give the technology to other U.S.
commodity exchanges.
"There's a lot that has been done since the 'sting' operation, some by
the exchanges on their own and some by us," Wendy Gramm, chairman of the
Commodity Futures Trading Commission, said in an interview. Still, the
bill will give the CFTC the authority to work more closely with foreign
regulators to deter international commodity fraud and will put tighter
constraints on who can serve on exchange boards, she said.
The bill, enacting the last of the recommendations by the so-called Brady
Task Force that studied the 1987 market crash, also will create federal
supervision of the margins for stock-index futures. Margins are the
good-faith deposits needed to trade stock-index futures, which allow
investors to bet on the move of a basket of stocks without owning the
actual securities.
Under the legislation, the Federal Reserve will be able to monitor
changes in those margin levels, making sure they don't slip too low and
create undue risks to the financial system. Previously, the Fed had
similar authority for stocks and options, but not for futures. During the
market crash of October 1987, futures margins were a fraction of those on
stocks, and several studies of the event concluded that the margin levels
may have helped fuel the large sudden decline in prices.
The bill also will allow the commodity exchanges in certain cases to move
into the rapidly growing area of swaps, customized financial products that
allow big investors to hedge their debt and currency positions. The
exchanges, particularly the Board of Trade, have been itching to break
into the swaps market, which they worry could take away business from the
trading floors.
In return, the swaps industry will receive a new assurance that its
contracts won't be deemed illegal by courts.
"This bill provides us with new opportunities" in the swaps area, the
Board of Trade's Mr. Prosperi said. "It's an area that the Board of Trade
has been looking at over the past few months and will continue to." He
said he didn't know when the exchange might offer a swaps product.
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120604
SUBJ: Topps Insiders Have Engaged In Heavy Sales
By Alexandra Peers
NEW YORK -- Has Topps Co.'s stock price topped out?
There has been heavy insider selling in the shares of Topps, the
Brooklyn, N.Y., manufacturer of baseball cards and Bazooka bubble gum,
filings with the Securities and Exchange Commmission show, The Wall Street
Journal reported.
The sales come at a time when the company is involved in a fierce battle
for market share, according to Wall Street analysts and baseball card
dealers. While Topps has had the dominant brand name in baseball cards for
decades, profit has been eroded by competition from "premium" card
manufacturers, who lured collectors away with heavier paper stock and
holographic cards. And the company is just about to take on Marvel
Entertainment Group through a new comic book subsidiary.
Topps President John J. Langdon has sold 100,000 Topps shares -- all of
his shares in the company -- since June 23, according to SEC filings,
although he continues to hold options representing 587,000 shares. He
declined to comment; a spokeswoman said Langdon sold the stock to purchase
a home.
His sales follow sales earlier this year of a total of 628,860 shares by
four other Topps insiders, two of whom are principals of the investment
firm Forstmann, Little & Co., which held a majority stake in the company
but distributed it to limited partners late last year. All the insiders
sold their shares at prices ranging from $15.375 to $19. Theodore
Forstmann, a director of Topps, has sold 539,085 shares so far this year.
Through a spokeswoman, he said that he still retains more than 500,000
shares.
There has been little movement in Topps shares since the insider sales,
or for several months, for that matter. Topps began the year strongly,
hitting its 1992 high of $20.25 on Jan. 23, but backed off in February. It
has since traded in the $15 to $17.50 range. In over-the-counter trading,
Topps shares closed yesterday at $16, down 25 cents.
There was a spate of positive analysts' reports on the stock last summer,
with Wall Street hoping that sales of the company's line of trading cards
based on the film "Batman Returns" would equal the blockbuster sales of
cards from the first movie.
But the less-than-stellar reception for both the movie sequel and the
cards, weak sales of collectible cards in general, and the recently
announced merger of a prime Topps competitor, Fleer Corp., with Marvel has
prompted some analysts to reconsider their endorsements. On Sept. 17,
Alex. Brown & Sons Inc. cut its recommendation on the stock from "buy" to
"neutral."
Topps Chairman Arthur T. Shorin -- who says he holds two million shares
and hasn't trimmed his holdings -- doesn't deny that the company faces
stiff competition. But he says the overall weak market for sports cards
and the resulting shakeout of card manufacturers will ultimately benefit
Topps, as dealers remove lesser-known names from their shelves. Moreover,
Topps' 1993 line of baseball cards will be redesigned "premium cards at a
popular price" of 69 cents a pack, compared with the current price for the
basic line of 55 cents a pack, he says.
He added that Topps had considerable success with its introduction last
year of deluxe, plastic-coated "Topps Stadium Club" football and baseball
cards, which sell for a pricey $1.50 to $2 a pack.
But the Stadium cards can't boost Topps' bottom line that much, says
Robert Wynne, who covers the sports card industry for Tuff Stuff, a
hobbyist's magazine based in Richmond, Va. They're valued by collectors
precisely because they have relatively modest print runs of about one
million copies of each card, he says. The standard Topps baseball cards
aren't that popular with investment-minded collectors, according to Wynne,
but they make up the bulk of Topps's business, with printings of about six
million each.
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120727
SUBJ: Numac Oil & Gas Ltd. funding
EDMONTON, Alberta--(BUSINESS WIRE)--Numac Oil & Gas Ltd. (TSE/ME/ASE:NMC)
Tuesday announced that the escrow conditions for the release of funds
raised upon the sale of 6.6 million special warrants at a price of $5.10
per special warrant have been satisfied and that the funds have been
released from escrow.
The special warrants, which were purchased by Thomson Kernaghan & Co.
Ltd. for resale to investors, have been exercised and holders thereof are
entitled to receive one common share of Numac Oil & Gas for each special
warrant upon surrender of their special warrant certificates to The R-M
Trust Co.
Net proceeds to the company from the sale of the special warrants in the
amount of $32,902,650 have been applied to reduce long term bank debt and
increase working capital.
The securities have not been registered under the United States
Securities Act of 1933 and may not be offered or sold in the United States
or to a U.S. person absent registration or any applicable exemption from
the registration requirements.
CONTACT: Numac Oil & Gas Ltd., Edmonton
Stewart D. McGregor or Dale J. Hohm, 403/423-1718
19:37 ET OCT 13, 1992
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells BANKNORTH GROUP INC. Stock
ISSUER: BANKNORTH GROUP INC.
SYMBOL: BKNG
FILER: MILNE GEORGE D
TITLE: Officer.
SOLD: 9/9-11/92 2,500 13.00
OWNERSHIP: 26,939 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:04
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120135
SUBJ: Japan Powerbroker Kanemaru -2: Political Fallout Unknown
TOKYO -(AP-DJ)--Shin Kanemaru formally announced his
intention to resign from parliament at a meeting of the
ruling Liberal Democratic Party's (LDP) largest faction,
the Takeshita faction, Kyodo News Service and Nihon Hoso
Kyokai (NHK) reported Wednesday.
Kanemaru's resignation comes in the face of growing
criticism from both the public and LDP members after he
was let off with a light fine for accepting an illegal
500-million-yen political donation.
Kanemaru was widely considered the most influential
politician in the LDP, eclipsing even former Prime
Minister Noboru Takeshita, the ostensible leader of the
Takeshita faction. Kanemaru's support is widely believed
to be the key factor that enabled the current prime
minister, Kiichi Miyazawa, to get office.
There is concern that Kanemaru's resignation will lead
to the break up of the Takeshita faction, with unknown
consequences for the political balance of power in the
ruling party.
-0- 0135EDT
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120145
SUBJ: Tohoku Electric Power Registers To Issue Bonds In Japan
TOKYO -(AP-DJ)--Tohoku Electric Power Co. registered
with Japan's Finance Ministry Tuesday to issue domestic
bonds, a company official said.
The registration allows Tohoku to issue up to 650
billion yen of bonds over a two-year period. Tohoku is one
of Japan's electric power companies, which are the premier
issuers in the domestic corporate bond market.
Nippon Investors Service rates the registration a
preliminary Triple-A.
-0- 0145EDT
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120728
SUBJ: Media Vision Inc. initial public offering of common stock
FREMONT, Calif.--(BUSINESS WIRE)--Media Vision Inc. announced the filing
of a registration statement with the Securities and Exchange Commission
relating to the proposed initial public offering of 2 million shares of
common stock, $.001 par value, to be sold by the company.
It is currently anticipated that the initial public offering price will
be between $11 and $13 per share. The company will have approximately
10,215,000 shares outstanding after the offering.
Montgomery Securities and Cowen & Co. will co-manage the offering. A copy
of the preliminary prospectus can obtained from the office Montgomery
Securities, 600 Montgomery St., San Francisco, Calif. 94111 or Cowen &
Co., 345 California St., Suite 2600, San Francisco, Calif. 94104.
Media Vision Inc., based in Fremont, designs, manufactures and markets
innovative and affordable multimedia computing products that add enhanced
sound capabilities to IBM PC and compatible personal computers.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of any such state.
CONTACT: Media Vision, Fremont
Steven J. Allan, 510/770-8600
19:37 ET OCT 13, 1992
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090012, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: LEISURE & ARTS: Mr. Updike's Avian Error ---- By Phoebe Marie
Winn
SECTION: , ACCESSION: 199210090012
Some of the loudest grousing heard last week from readers of The New
Yorker magazine had nothing to do with the young new editor's
tradition-flouting innovations. The squawks came from bird watchers,
shocked to discover a serious bird mistake in the heart of a story by John
Updike, that distinguished New Yorker veteran.
"Playing With Dynamite" is a rich tale of multiple marriages, neglected
children, deserted old parents; of adultery ruefully recollected in
geriatric tranquillity; of the ineluctable connection between sex and
death. At first it seems to be the fictional protagonist, a 60ish man
named Geoffrey Fanshawe, who simply identifies a bird incorrectly. This in
itself is not surprising, given that Fanshawe is generally losing his grip
on reality and sometimes imagines his bathtub to be a polar bear about to
maul him. Besides, his eyesight is failing, and his "battered old bird
book" is probably an early, inferior edition of the Peterson field guide.
But as the bird story within the story continues, it begins to appear that
Mr. Updike, too, has not done his ornithological homework.
At the beginning of August in the year we meet Fanshawe, a pair of small
birds decide to build a nest on his porch. Fanshawe observes with wonder
as they pile up twigs and hay on the small shelves created by the capitals
of his porch pillars. Though his younger, spryer second wife, "a
late-blooming feminist" who thinks of her husband as "a murderous man with
whom she happens to be stuck, in a world of murderous men," is a glutton
for tidiness and keeps knocking down the messy construction with a broom,
the birds persevere and finally complete their nest. The Fanshawes observe
"the stone-colored head" of the female staring down at them one afternoon,
"radiating anger," as Fanshawe perceives it, a quite understandable
interpretation, considering his own marital situation.
After two weeks the Fanshawes find that the birds have vanished. Assuming
the nest to be abandoned, the husband climbs a stepladder and fetches it
down. It is empty. Fanshawe would like to keep the nest as a memento,
perhaps display it on top of the piano as his mother used to do. But
unsentimental, impatient Mrs. Fanshawe has her way: The nest is
unceremoniously dumped in a garbage bag. That's the bird story within the
larger human tale with its somewhat de Maupassantian revelation at the
end.
The trouble is that Fanshawe identifies his birds as warblers. But are
they? Warblers are shy, elusive birds that nest far from human society.
Nevertheless, Mr. Updike reveals himself to be a sharp observer, for all
his details describe the nest-building activities of a certain common
Eastern songbird. But it is in the flycatcher family and not a warbler at
all. I was pretty sure I knew the real identity of the Updike "warblers,"
having had such a bird nesting on a ledge under the roof overhang of my
cabin in upstate New York for many years. But just to be sure I checked
with an expert.
Upon hearing the story, John Trapp, a wildlife biologist with the Office
of Migratory Bird Management of the U.S. Fish & Wildlife Service, gave an
unequivocal response: "Based on the location and description of the nest
in the story, it is virtually impossible that the birds were warblers."
What were they, then? I asked, and promptly received the answer I had
been expecting. "It was most probably an Eastern phoebe. They are found
around human habitations, and are prone to build on porches and that sort
of situation -- on any type of shelf or ledge. Of course early August is
late for phoebes to be nesting," Mr. Trapp continued, "but it was
obviously a second or third nesting attempt. It would still be possible
for them to succeed in raising a brood."
Well, so what? Does it make any real difference to anyone but pedantic
bird watchers that the Fanshawes' birds were phoebes and not warblers?
Yes, indeed it does. For according to volume II of A Guide to Bird
Behavior by Donald and Lilian Stokes, "there may be up to three weeks
between completion of the phoebe nest and the laying of the first egg."
Now we see a more sinister reality: The hapless humans have destroyed,
albeit unwittingly, an active bird home.
Unlike Fanshawe, who was once, long ago, so intent on flirting with an
attractive woman who was not his wife that he ignored the whimpers of his
little boy, fallen at his feet with a broken leg; and unlike the second
Mrs. Fanshawe, who actually was that attractive and willing other woman,
those stone-gray birds might have been models of parental rectitude, had
they been given the chance.
"What ever had those birds been thinking of," wonders Fanshawe,
contemplating the empty, eggless nest he has taken down, confident in his
assessment that it is, indeed, "A nest in vain." The birds' seeming
exercise in futility serves Mr. Updike as a symbol for the sad human
futility epitomized by the Fanshawes' past and present history.
To his credit, Mr. Updike, by choosing to make a symbol out of nesting
birds, has followed Emerson's dictum that "every natural fact is a symbol
of some spiritual fact," and that we are "assisted by natural objects in
the expressions of particular meanings." Still, Mr. Updike's ignorance of
a fact of natural history, namely that some birds have a three-week hiatus
between nest building and egg laying, has led him astray, has caused him
to forget the dangers of using nature, Emerson's "grand cipher,"
metaphorically. "We are like travellers using the cinders of a volcano to
roast their eggs," the great essayist concluded, as a caution to those who
would use natural facts as symbols for human emotions and actions. In
using the eggless nest of a pair of small gray birds as a symbol, Mr.
Updike has been mildly singed by that volcano.
---
Ms. Winn, a New Yorker, writes about birds and other subjects.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120156
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120202
SUBJ: Bundesbank Leaves August M3 Unrevised At 9.0%
FRANKFURT -(AP-DJ)--Germany's August M3 money supply
growth rate was left unrevised at an annualized 9.0% from
the average of the fourth quarter of 1991, the Deutsche
Bundesbank said in its October monthly report.
The Bundesbank report often contains a revised version
of the rate given the previous month. This month's report
didn't contain any fresh commentary.
M3, a broad measure of money supply, has become one of
Germany's most closely followed economic indicators. It
includes cash in circulation, most forms of savings as well
as sight deposits and time deposits of less than four years.
September data is expected to be released sometime next
week.
-0- 0202EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys BRL ENTERPRISES INC. Stock
ISSUER: BRL ENTERPRISES INC.
SYMBOL: BRALF
FILER: CUNDILL FRANCIS P
TITLE: Beneficial owner.
PURCHASED: 9/29/92 8,500 3.00
OWNERSHIP: 752,884 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:05
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys BRL ENTERPRISES INC. Stock
ISSUER: BRL ENTERPRISES INC.
SYMBOL: BRALF
FILER: CUNDILL PETER HOLDINGS BERMUDA LTD
TITLE: Beneficial owner.
PURCHASED: 9/29/92 8,500 3.00
OWNERSHIP: 752,884 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:05
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Kuala Lumpur midday Interbank Foreign Exchange Rates
Quoted By The United Malayan Banking Corp
2.5085 - 2.5095 Malaysian ringgit to 1 U.S. dlr
1 mo 2.5185 - 2.5205
2 mo 2.5295 - 2.5415
3 mo 2.5400 - 2.5420
1.7130 - 1.7140 U.S. dlrs to 1 British pound Tone: quiet -0- 14-10-92
0423GMT
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090013, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Business Brief -- FileNet Corp.: Company Expects to Report Flat
Net for Third Quarter
SECTION: , ACCESSION: 199210090013
FileNet Corp. said it expects net income for the third quarter ended Oct.
4 to remain flat at about $1.1 million, or 10 cents a share, with revenue
expected to rise about 27% to approximately $37.5 million.
Ted Smith, president and chief executive officer of the Costa Mesa,
Calif., company, said domestic sales rose 31% in the quarter but noted
that the company's United Kingdom subsidiary had a disappointing quarter.
FileNet makes computer systems for customers who are heavy users of paper
documents.
"While revenue has increased compared to the prior year, it has continued
to fall short of internal growth targets and, as a result, earnings have
not met expectations," Mr. Smith said in a statement. FileNet's stock rose
$2.25 to $16 in national over-the-counter trading.
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090014, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Who's News: Mapco Inc.
SECTION: , ACCESSION: 199210090014
MAPCO Inc. (Tulsa, Okla.) -- Philip W. Baxter, 43 years old, formerly
vice president of finance at this energy concern, was named senior vice
president of strategic planning. Mapco said Mr. Baxter's previous position
would not be filled at this time.
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120729
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120210
SUBJ: Hong Kong Mid-Afternoon Foreign Exchange Indications
(Quoted by Astley & Pearce Hong Kong Ltd.)
Sterling 1.7140-1.7150
W.Germany 1.4835-1.4845
Japan 121.02-121.12
Switzerland 1.3063-1.3073
Netherlands 1.6975-1.6985
France 4.9670-4.9700
Singapore 1.6090-1.6100
Canada 1.2400-1.2405
Hong Kong 7.7320-7.7330
-0- 0210EDT
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120730
SUBJ: GROWTH INVESTMENT CORPORATION
TORONTO, Oct. 13 /CNW/ - Mr. Charles Kucey, of Toronto, Ontario,
announced that he has today purchased 23,000 common shares of Growth
Investment Corporation through the facilities of The Toronto Stock
Exchange.
Mr. Kucey, together with the members of his family, currently owns or
controls 192,000 common shares of Growth Investment Corporation,
representing approximately 11.19 per cent of the outstanding common
shares.
All of the 192,000 common shares of Growth Investment Corporation are
held for investment purposes. Mr. Kucey believes that the common shares of
Growth Investment Corporation represent an attractive investment and,
depending upon market prices and other factors, Mr. Kucey may make
additional purchases of common shares or dispose of all or part of the
common shares now owned or hereafter acquired.
/For further information: Charles Kucey, (416) 594-7100/
19:39 ET
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120604
SUBJ: SafeCard Sues IRS For `Warrantless' Searches
By Glenn Ruffenach
SafeCard Services Inc. has filed suit against agents of the Internal
Revenue Service, charging that the agents turned an accountant against the
company and conducted a "covert campaign of unconstitutional and
warrantless searches and seizures."
The suit, filed in U.S. District Court in Fort Lauderdale, Fla., marks
the latest skirmish in a four-year battle between the company and the IRS,
The Wall Street Journal reported. The offices of SafeCard, which notifies
credit-card issuers about lost or stolen cards, were searched by the IRS
in October 1988. But the company has maintained its innocence and argues,
in its suit, that the agency's actions have caused considerable damage to
SafeCard's business and reputation. The company, according to the suit,
has never been accused of any tax-law violations.
A spokesman for the IRS in Fort Lauderdale declined to comment on the
suit and refused to say whether the company is currently the subject of
any inquiry or investigation.
According to court documents, filed last Friday, Ernest A. Varvoutis III,
a tax accountant, was hired in May 1988 by Halmos & Co., which was owned
by Peter Halmos and Steven Halmos, brothers and co-founders of SafeCard.
Within two weeks of his hiring, according to the suit, Varvoutis told the
IRS that he suspected Halmos & Co. and the Halmoses of violating federal
tax laws. Over the next several months, Varvoutis allegedly provided the
IRS with documents from the company and met a second time with an IRS
agent.
At this second meeting, according to the suit, Varvoutis said he wanted
to resign from Halmos & Co. But the IRS, according to the suit, "persuaded
him to continue his employment in order to assist the IRS in a covert
investigation."
Accordingly, over the next month, Varvoutis allegedly provided the IRS
with financial documents, computer diskettes, insurance records, tax
returns and other information taken from Halmos & Co., the Halmoses and
SafeCard. In October 1988, the IRS obtained a warrant to search SafeCard,
which was then based in Fort Lauderdale.
Since the IRS search, however, SafeCard, according to the suit, has
continued to be suspected of wrongdoing by Wall Street analysts and
others. The suit seeks compensatory damages of at least $48 million and
punitive damages of $10 million.
Varvoutis, who did resign from Halmos & Co. just before the search, was
unavailable for comment yesterday. According to a second suit filed last
Friday by the Halmoses themselves against the IRS, Varvoutis has testified
that he "assisted the federal government" in their investigation of the
Halmoses and that his "actions were performed at the request of the
federal government."
An attorney representing the Halmoses, Stanley S. Arkin, of Chadbourne &
Parke in New York, declined to answer questions about the suit, other than
to say: "We stand by the complaint, and we can prove every bit of it."
In composite trading yesterday on the New York Stock Exchange, SafeCard,
now based in Cheyenne, Wyo., closed unchanged at $8.50.
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Capital Market Reports
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SOURCE: CapMrkt
DATE: 199404120218
SUBJ: *Tokyo Stocks End Lower; Nikkei Down 146.64 Pts
- - 0218EDT
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SOURCE: CapMrkt
DATE: 199404120222
SUBJ: Headlines:Greenspan Says Global Price Stability Goal Near; Report
Says UK Ministers Considering Rate Cut; Treasurys Dn
-- Federal Reserve Chairman Greenspan said he and his global counterparts
may be close to achieving their goal of stable prices (see 4204).
-- Fed Chairman Greenspan also said the Federal Reserve Board's push to
reduce inflation has caused a drop in prices of some real assets, a
phenomenon that has hurt financial institutions (see 4203).
-- U.K. ministers are still considering the possibility of a big interest
rate cut soon, The Times of London reported (see 4210).
-- Credit supplied by intermediaries to the Australian private sector
rose 0.4% in August from July but fell 1.5% in the 12 months to August
(see 4201).
-- Salomon Brothers, taking its most dramatic step yet toward giving
greater local control to its overseas operations, will promote two
Japanese to lead its Asian subsidiary early next year (see 4202).
-- SEC Commissioner Breeden told Congress that securities firms generally
didn't experience severe losses on interest-only mortgage-backed
securities, but that "individual and institutional investors may have
suffered more serious losses" (see 4224).
-- The BOJ is buying 400 billion yen of Japanese government bonds through
two-month repurchase agreements to add that cash to the local money market
Tuesday (see 4038).
-- U.S. Treasurys are lower in Tokyo, with the long bond at 96-18, down
2/32 from New York late Tuesday (see 4041). Debt futures ended flat at the
CBT Tuesday evening, with the December bond at 103-18 (see 4101). Japanese
bonds are firmer (see 4153).
-- The dollar is flat to higher in Tokyo, at 121.10 yen and 1.4655 marks,
from 121.10 and 1.4640 in New York late Tuesday (see 4162).
-- Stocks in Tokyo ended the session lower, with the Nikkei down 146.64
at 17,344.03 (see 4159). Stocks in New York ended higher, with the DJIA up
27.01 at 3,201.42 late Tuesday (see 4116).
-- Gold is at $344.65 in Sydney, up from $344.25 in New York late
Tuesday.
SM
Dow Jones Capital Markets Report
(Copyright 1992 Dow Jones & Company Inc.)
(All Rights Reserved)
-0- 0222EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GG
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys BOSTON SCIENTIFIC CORP. Stock
ISSUER: BOSTON SCIENTIFIC CORP.
SYMBOL: BSX
FILER: FELDMAN PETER M
TITLE: Beneficial owner.
PURCHASED: 9/23/92 400 18.75
OWNERSHIP: 3,700 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:05
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Malaysian Tin closed at 14.74 Dlrs per kilo Wednesday, down 22 cents.
-0- 14-10-92 Via KL 0425GMT
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DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120032
SUBJ: Asian Buyers Dominate Australian Hotel Sales Since 1991
SYDNEY -(AP-DJ)--Asian buyers have bought more than 85% of the 675
million Australian dollars worth of hotel property sold since January
1991, a survey by property consultants Jones Lang Wootton (JLW) TransAct
Pty. Ltd. has found.
In a statement Wednesday, JLW TransAct said Hong Kong investors
represented the major investment group, with purchases totalling 222.5
million AUS dlrs, or 32.9% of sales. This was followed by Japan, with
24.1% of sales worth 163 million AUS dlrs.
Indonesian investors spent 127.5 million AUS dlrs, accounting for 18.8%
of sales, while investors from Singapore represented 10.9% of sales,
spending 74.1 million AUS dlrs.
By contrast, Australian buyers represented 13.1% of total sales during
the period.
JLW TransAct's managing director, Peter Barge, said in the statement the
buyer profile in the hotel industry is expected to change over the next 12
months.
He said the Japanese are expected to become net sellers of property,
while their dominant position will be taken over by buyers from Indonesia
and Singapore. European buyers are also expected to come onto the market,
as well as investors from Taiwan and Korea.
Most of the properties sold were at the lower end of the price spectrum.
About 85% of sales were below 50 million AUS dlrs, the majority of which
were less than 20 million AUS dlrs.
Barge said that contrary to belief, most hotels sold during the period
didn't sell on the basis of their current yield, but on a perception of
value in the price paid per room.
-0- 0405GMT
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PR News Wire
PR News Wire
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SOURCE: RelWire
DATE: 199404120730
SUBJ: PR NEWSWIRE LOS ANGELES-AREA DAYBOOK FOR WEDNESDAY, OCT. 14
EVENT: The seven members of the 1993 Tournament of Roses
Royal Court will be introduced in a prelude to the
announcement of the Rose Queen.
TIME: 9:30 a.m.
LOCATION: Tournament House
South Lawn
391 S. Orange Grove Blvd.
Pasadena
CONTACT: Caryn E. Eaves or Jennifer M. Johnson of Pasadena
Tournament of Roses Association, 818-449-4100; or Beth
Hill or Lynne Gray, Hill and Knowlton, 213-937-7460,
for Pasadena Tournament of Roses
EVENT: RTD officials and actor/environmentalist Ed Begley Jr.
will inspect a six-by-four foot model of a fuel cell
engine as RTD announces its selection of the first
public transit operator to test an in-service bus
powered by phospohoric acid fuel.
TIME: 10 a.m.
LOCATION: RTD Central Maintenance Facility
900 Lyon St.
Los Angeles
CONTACT: Greg Davy or Jim Smart of RTD, 213-972-4400
EVENT: Ten candidates for Congress and the California
Legislature will meet in a forum designed to explore
solutions to problems confronting local businesses and
the real estate industry.
TIME: 6:30 p.m.
LOCATION: San Fernando Valley Board of Realtors
7232 Balboa Blvd.
Van Nuys
CONTACT: David R. Walker of Walker Associates, 818-222-1335,
for the San Fernando Valley Board of Realtors
EVENT: Academy Award-winning Director Robert Wise will host a
California premiere exhibit for distinguished European
existentialist artist Ted Stevens.
TIME: 7 p.m.
LOCATION: International Student Center
1023 Hilgard Ave.
Westwood
CONTACT: Annabelle Stevens of Melrose Communications,
310-246-4611
19:40 EDT
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DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120032
SUBJ: Australian Housing Minister Sees Continuing Recovery
CANBERRA -(AP-DJ)--Brian Howe, Australia's Minister for Health and
Housing, said Wednesday that the recovery in the housing industry is
expected to continue, adding that forecasts might have to be revised
upward.
'It appears that the 152,000 commencements forecast by the Indicative
Planning Council in 1992/93 will be easily realized,' Howe said in a
statement.
Earlier, the Bureau of Statistics reported that the number of
housing-finance approvals rose a seasonally adjusted 8.3% in August from
July and jumped 23.3% from August 1991.
'Housing starts have risen for five consecutive quarters and are at their
highest level since September 1989,' Howe said.
'Home purchase is now the most affordable it has been for the past seven
years. Homebuyers can be confident that affordability will remain a top
priority under this government,' the minister added.
On the basis of data on both building approvals and housing finance, 'it
can be confidently stated that dwelling commencements will show another
rise in private-sector housing starts' in the quarter ended Sept. 30, Howe
said.
-0- 0417GMT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120604
SUBJ: Suit Claims Amex, Specialist Executed A Canceled Order
By Jonathan M. Moses
NEW YORK -- A Pennsylvania investment partnership charged that the
American Stock Exchange and one of its specialist firms carried out an
options order for American Airlines' parent company even though the order
had been canceled, The Wall Street Journal reported.
In a lawsuit filed in U.S. District Court here, Market Street L.P. cited
trading in October 1989 in options on AMR Corp. At the time, AMR was the
subject of takeover rumors that eventually proved false.
The lawsuit details a trail of harried securities trading that was driven
by those rumors. Market Street, based in Radnor, Pa., placed an order to
sell 500 put options in American Airlines stock. A put option on a
company's stock gives the buyer the right to sell company shares at a
given price. In Market Street's case, the put option allowed it to sell
the underlying AMR stock a month later at $85 a share. At the time, AMR,
which trades on the New York Stock Exchange, was trading at nearly $100 a
share. The order allegedly had gone unfulfilled for 50 minutes when Market
Street says it was canceled and replaced with an order to sell just 100
puts.
Market Street now alleges that the specialist firm in American Airlines
options, known as Aegis Specialist Joint Account, ignored the cancel order
and bought the 500 put options for its own account. Aegis -- jointly owned
by Englander Capital Corp., M.J. Weinburg & Co. and L. William Alter & Co.
-- made the purchase while it knew that trading in the underlying AMR
stock would be halted as a result of the rumors, the lawsuit contends. The
three firms are named in the suit.
When trading reopened, AMR stock had fallen well below the $85 strike
price. Market Street says it had a loss of $6 million as a result of the
first order not being canceled. It says it already has recovered through
arbitration $544,000 from the broker who placed the order, and is seeking
the rest, and punitive damages, from the specialist firm and the American
Stock Exchange.
A spokesman for the American Stock Exchange said it does not comment on
pending litigation. Martin Weinburg of M.J. Weinburg & Co. declined to
comment. Principals of the other two firms that made up Aegis could not be
reached to comment.
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The Wall Street Journal
The Wall Street Journal
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SOURCE: DowNews
DATE: 199404120604
SUBJ: Monsanto Pressed -2-: Searle Executive's Stock Sale
Mahoney says Gilgore's June 1 stock sale "had nothing to do with his
level of confidence" in Searle's future. He won't comment further except
to cite Monsanto's original statement that the sale was for personal
reasons. As for postponing the analysts' meeting with Searle, Mahoney says
it wouldn't have been "productive" for Searle until executives had a
firmer grip on the division's cost structure.
Other drug companies also suffered on the earnings front in this year's
first half as widespread consumer resistance kept them from raising prices
on drugs. And the decline in Calan sales in the face of generic
competition will eventually be offset by sales of new products such as
Maxaquin, an antibiotic launched this spring, Mahoney says.
He says Searle, given a "decent" economic recovery and approvals of new
drugs, will be able to reach its goal of $3 billion in sales by 1995, or
nearly double last year's sales of $1.53 billion.
But the crippling costs of bringing products to market will continue to
hammer Searle's earnings, analysts say.
Several analysts argue that the company should join the latest trend in
the drug business and consider forming a joint venture for all of Searle,
or at least certain product lines.
A joint venture would allow Searle to share product-development and
launch costs that can exceed $150 million, says Robert Reitzes, a C.J.
Lawrence Inc. analyst. Du Pont Co., despite its size, cited new-drug costs
as the reason for shifting its drug business into a venture with Merck &
Co. in 1990.
Mahoney says Searle can go it alone. Getting 100% of the earnings from
new drugs in the pipeline "is much more important than the one-time cost
savings" of a joint venture, he says.
Monsanto's great expectations for Searle are overblown, many analysts
say. The huge promotional push for Maxaquin comes as other drug companies
are scaling back their marketing costs and sales forces. The antibiotic
also is competing against a "reasonably crowded therapeutic class; it's
not unique," notes Ronald Nordmann, a PaineWebber Inc. drug-stock analyst.
He estimates Searle's operating income will reach about $120 million by
1995, on sales of about $2.3 billion.
Mahoney is optimistic about Monsanto's overall prospects. At their annual
planning session late last month, directors focused on his oft-stated goal
of reaching a 20% return on equity by the mid-1990s. The company, though,
has a long way to go: This year's return on equity is expected to be about
11%.
To reach the 20% level, "we have to enlarge the Searle component of our
business and manage our existing businesses superbly," he says. The
company's other operations, he adds, are trying to pare expenses, notably
in research and overhead costs for bovine growth hormone, which awaits
Food and Drug Administration approval, and for Simplesse, the company's
fat-substitute product. The chemical unit isn't expected to see much
improvement until the broader economy rebounds.
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090016, Page:
SOURCE: WSJour
DATE: 199404120253
SUBJ: Publishers Give Mixed Reviews For 3rd Quarter --- Ad
Declines Have Slowed, But Profit Gains Are Tied To Operating-Cost Cuts
---- By Patrick M. Reilly Staff Reporter of The Wall Street Journal
SECTION: , ACCESSION: 199210090016
For major newspaper companies, a promising spring for advertising turned
into a lackluster summer. As a result, publishers are expected to report
mixed earnings for the third quarter.
As with most of the year, analysts say publishers with earnings gains are
being helped by lower operating costs, from soft newsprint prices and
smaller work forces, not from any significant leaps in revenues. Although
advertising declines have slowed considerably, some major papers, such as
Times Mirror Co.'s Los Angles Times, are still experiencing considerable
ad declines.
"Advertising linage trends are pretty sluggish," said James C. Goss, an
analyst with Duff & Phelps Inc. Added Kenneth T. Berents, of Alex. Brown &
Sons, "There was a more robust feeling last April in terms of the economy
and thus advertising. If the recovery that is under way were a heartbeat,
it may need a pacemaker now."
At the same time, several newspaper publishers have followed through with
promised hikes in newsstand and subscription price, such as Tribune Co.'s
Chicago Tribune, which went to 50 cents from 35 cents. The result: Several
publishers are seeing healthy increases in circulation revenues. Average
weekday readership of newspapers, however, remains largely flat -- at
about 63% of the country's adults.
Still, analysts believe any further significant earnings gains may be
hard to come by. "The earnings momentum of the first half has clearly
slowed," said Peter P. Appert, analyst with C.J. Lawrence. "Earnings
driven by lower costs takes you only so far. They (publishers) need an
improved revenue environment, which is getting stronger, but is (thus far)
insufficient to maintain the earnings recovery."
Among the strongest gainers was Dow Jones & Co., publisher of The Wall
Street Journal, which yesterday reported a 32% increase in earnings that
was attributable to higher advertising and circulation income, in addition
to cost savings.
Gannett Co., the country's largest newspaper publisher, based in
Arlington, Va., is expected to report earnings from continuing operations
ranging between 52 cents and 55 cents a share, compared with 42 cents in
the third quarter of 1991. Through August, Gannett's classified linage was
up 4%; total newspaper ad revenue was up 2.3%. Helped by Olympics-related
advertising, USA Today, Gannett's national newspaper, showed improvement,
with ad pages up 2.5% through August.
"Gannett's advertising levels are outpacing the industry," said C. J.
Lawrence's Mr. Appert. "Gannett's broad mix of papers, in big and smaller
markets, has served them well."
Miami-based Knight-Ridder Inc., hit by Hurricane Andrew, is expected to
report earnings in the range of 56 cents to 62 cents a share, compared
with last year's 54 cents.
Mr. Appert said Knight-Ridder has indicated that the hurricane shouldn't
have a "meaningful" effect, if any, on earnings. For several days after
the storm, circulation of the company's flagship paper, the Miami Herald,
was disrupted; the storm also damaged part of the company's executive
offices in Miami. But in the aftermath, the Herald received a flood of
storm-related advertising from insurance companies and other businesses.
Full-run ad linage was down through August at major market Knight-Ridder
papers, such as those in Miami, Detroit, Philadelphia and St. Paul, Minn.
For the period, full-run ad lineage at all Knight-Ridder papers was off
3%. But circulation revenue through August for the papers was up 6% over
the period last year, and total newspaper group revenue was up 1.5%.
Tribune Co., Chicago, is expected to show an earnings decline for the
quarter because of continued losses from its Canadian newsprint
operations. Analysts expect Tribune Co. to report fully diluted earnings
for the quarter ranging between 38 cents and 41 cents a share, compared
with 44 cents for the 1991 quarter.
C. J. Lawrence's Mr. Appert called the newsprint operation "nasty, with
no evidence newsprint prices will turn around soon." Tribune's loss for
the quarter from its paper operations is estimated at $13 million. Tribune
papers, however, are showing a rebound in classified advertising. In
August, classified revenue for the seven Tribune papers was up 9%, the
best year-over-year monthly comparison since late 1989. Tribune's TV
stations, showing an improving business for local advertising, were up 4%
in revenue through August.
Although Times Mirror, Los Angeles, has overcome the riots that rocked
its home city, it still struggles against a failing Southern California
economy. Several analysts expect Times Mirror to report per-share earnings
of between 32 cents and 36 cents a share, compared with 30 cents a year
ago. The trouble lies at the company's flagship Los Angeles Times, where
through August, full-run ad linage was down 6.1% and classified ads were
off 13.7%, compared with the year-earlier period. There are problems, too,
at Newsday, where full-run ad volume for the paper's Long Island and New
York City editions was down 8.2% through August, while classified volume
was off 11.5%.
"Times Mirror will disappoint many people," said Alex. Brown's Mr.
Berents. "California is still stuck in the economic mud." Several analysts
said they would reconsider earlier earnings estimates following the
company's announcement last month that due to unexpectedly weak ad revenue
at the Los Angeles Times, operating profits for the newspaper group would
fall "considerably" lower than the 1991 level. But analysts also noted
stronger performances are expected from Times Mirror's legal publishing,
magazine, and broadcasting areas.
At New York Times Co., analysts expect earnings for the quarter to be
about five cents a share, compared with three cents a share for last
year's quarter. Classified and retail ad linage at the flagship New York
Times was up in August. Earnings are expected to be affected by start-up
costs related to the opening of a color printing plant in Edison, N.J.
New York Times Co. said in August that the closing of its suburban
Atlanta newspaper, the Gwinnett Daily News, will result in a charge of 45
cents a share in the third quarter.
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SOURCE: CapMrkt
DATE: 199404120224
SUBJ: TSE US T-Bond Futures End Lower Than Tuesday Session
Delivery Open Low High Close Change* CBT**
Dec 103-18 103-15 103-18 103-18 Down 8/32 103-18
The Tokyo Stock Exchange (TSE) estimated that 440 bond
futures contracts changed hands there Wednesday. The
Chicago Board of Trade (CBT) estimated that traders there
moved 7,500 contracts at its Tuesday evening session.
* The change is from the prior TSE session, Tuesday.
** This is the price at the end of the CBT's Tuesday
evening session.
-0- 0224EDT
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Business Wire
Business Wire
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SOURCE: RelWire
DATE: 199404120731
SUBJ: Report on new schedules presented to board
OAKLAND, Calif.--(BUSINESS WIRE)--BART officials Tuesday presented their
detailed analysis of the effects of the new, faster train schedules to the
board of directors at its Engineering and Operations Committee meeting.
The board asked for the report following implementation of the new
schedule.
``We went through some trying times that first month,'' said James
Gallagher, BART's assistant general manager for operations. ``But we
shook the bugs out and our on-time performance numbers have been
consistently above our normally acceptable standard. The `minutes of
delay' factor, for example, is well within the range that we've seen over
the past two years.''
On July 22, BART instituted the most significant changes in its train
schedules in a dozen years. The new schedules decreased travel time by
some 10 percent; made it possible to vastly improve train-to-train
transfers in the evenings by cutting the waiting time one-third, and
enabled BART to achieve operating efficiencies that translate into
increased passenger service.
Gallagher said tests conducted since the board of directors ordered a
review 60 days ago showed the trains' traction motors performing as they
were designed to perform and that the anticipated service improvements
have been implemented and are working successfully.
Meanwhile, on another front, BART has seen a 3.7 percent growth in
ridership above forecast since the new schedule went into effect.
CONTACT: Bay Area Rapid Transit, Oakland
Ron Rodriguez, 510/464-7139,
510/685-5633 (nights and weekends),
or 510/308-8632 (pager)
19:52 ET OCT 13, 1992
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The Wall Street Journal
The Wall Street Journal
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SOURCE: DowNews
DATE: 199404120605
SUBJ: Administration - BNL Inquiry -2-: Metzenbaum Letter To Barr
Metzenbaum, in his letter to Barr, raised similar concerns about the
handling of the BNL case, mentioning "allegations that a CIA front
organization was involved in the loans to Iraq." If this is proved, he
wrote, "We would effectively be faced with a case of secret U.S.
government involvement in arms sales to Iraq, as well as a possible
cover-up."
The Justice Department, meantime, issued a statement relating to the
FBI's investigation of the delivery of incomplete CIA documents to the
Atlanta court. The statement said that there wasn't any disagreement
between the department and the FBI concerning the conduct of that
investigation. Barr instructed the FBI to conduct that inquiry, and the
FBI and the department prosecutors are "working closely as a team."
Meanwhile, further evidence is emerging of the Justice Department's
apparent unwillingness to pursue foreign nationals allegedly involved in
the billions of dollars of illicit bank loans. In a March 27, 1990, memo,
Ray Rukstele, U.S. attorney for Atlanta, said that following a Justice
Department review of the BNL case, Deputy Assistant Attorney General
Laurence Urgenson told him that he "did not feel there would be any merit
in interviewing Iraqi government officials."
To further complicate the matter, while the FBI investigates the
CIA-Justice Department handling of the BNL prosecution, the Justice
Department's office of professional responsibility is investigating
possible ethical violations by FBI Director William Sessions. Sessions
released a statement welcoming the inquiry and expressing confidence in
its outcome. The ethics investigation concerns allegations that Sessions
may have used a FBI plane and car for personal use and that an aide may
have abused her FBI authority.
In addition, the Justice Department inquiry is investigating allegations
that Sessions' wife tried to direct a $100,000 government contract to a
family friend, according to an Associated Press report. The contract at
issue covered the installation of a security system at the Sessions's home
in Washington.
---
Joe Davidson contributed to this article.
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The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090017, Page:
SOURCE: WSJour
DATE: 199404120254
SUBJ: Money Fund Assets Advance $28.23 Billion
SECTION: , ACCESSION: 199210090017
WASHINGTON -- Money market mutual fund assets rose by $28.23 billion to
$597.33 billion from $569.10 billion in the week ended Wednesday, the
Investment Company Institute said.
Assets of 609 retail money market mutual funds rose $6.6 billion to
$386.32 billion, the trade group said.
Assets of 378 taxable money market funds in the retail category rose
$4.33 billion to $308.21 billion. Assets of 231 retail tax-exempt bonds
rose $2.26 billion to $78.11 billion.
Assets of the 274 institutional money market funds rose $21.64 billion to
$211.01 billion. Among institutional funds, the assets of 221 taxable
money market funds rose $19.95 billion to $189.40 billion. Assets of 53
tax-exempt funds rose $1.7 billion to $21.61 billion.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120229
SUBJ: Australian Housing-Finance Demand Waned In Sept, ABA Says
MELBOURNE -(AP-DJ)--Australian banks saw a "marginal"
reduction in demand for housing finance in September from
August, but the decline doesn't suggest the nation's
housing recovery has peaked, according to the Australian
Bankers' Association (ABA).
In a formal statement, the Association's Executive
Director Alan Cullen said Wednesday that "banks advise
some marginal easing in the level of commitments from the
strong August level in September, but no more than is
accounted for by month-to-month volatility."
"The latest figures don't indicate that the housing
recovery is topping out yet," Cullen said.
Cullen was commenting following news from the
Australian Bureau of Statistics that the number of
housing-finance approvals in Australia rose 8.3% in August
from July on a seasonally adjusted basis. The value of
housing-finance commitments rose 12.9% in August.
-0- 0229EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys BEAUTICONTROL COSMETICS IN Stock
ISSUER: BEAUTICONTROL COSMETICS INC.
SYMBOL: BUTI
FILER: FOLSOM ROBERT S
TITLE: Director.
PURCHASED: 9/17/92 6,000 11.00
OWNERSHIP: 186,000 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: WJ, Service: CO
Permanent, 90 Days
The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090018, Page:
SOURCE: WSJour
DATE: 199404120254
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHH
SECTION: , ACCESSION: 199210090018
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz A
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120231
SUBJ: Japan's Sept. Steel Output Falls 9.3% From Year Ago
TOKYO -(AP-DJ)--Japan's steel production in September
slipped 9.3% from the same month a year earlier to a
total of 8.07 million metric tons, the Japan Iron and
Steel Federation reported Wednesday.
The tempo of decline in steel output from year-earlier
levels in September was less than 10% for the first time
in 10 months.
Nonetheless, September marked the 14th month in a row
in which output remained below year-earlier levels. The
latest figure was the lowest level for September in five
years. In September 1987, steel production was 8.01
million metric tons, when the yen's strong appreciation
hurt exports by making Japanese steel products more
expensive in foreign currency terms.
The latest figure was unchanged from the previous
month's level.
Holding back the pace of growth in the nation's steel
output has been steel makers' ongoing efforts to curb
production in an attempt to tame inventories. Japan's
economic slowdown has cut into demand from weak sectors
such as the auto and electric machinery industries, thus
raising steel stockpiles.
With the latest figure factored in, Japan's steel
output in the July-September quarter came to 24.30
million metric tons, down 11% from a year earlier. The
latest quarter's output, the third in a row of
year-on-year decline, was in line with the official
forecast of 24.30 million metric made by the Ministry of
International Trade and Industry (MITI). The quarterly
figure was off 0.2% from a the previous quarter.
- - 0230EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120231
SUBJ: *Japan Posts 12.07-Billion Dlr Trade Surplus In September, Up From
9.66-Billion Dlr Surplus A Year AGo
- - 0231EDT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120605
SUBJ: Boesky, Siegel Get More Time To Prepare For Insider Case
The civil insider-trading case against ex-arbitrager Ivan Boesky and
former investment banker Martin Siegel had been set to go to trial Monday,
but instead will begin Oct. 26, The Wall Street Journal reported.
The date was postponed after the lead defendant in the case, Kidder,
Peabody & Co., agreed over the weekend to settle with Maxus Energy Corp.
by paying $165 million. That settlement leaves Boesky and Siegel as the
only defendants.
Maxus alleges that its predecessor company, Diamond Shamrock Corp., paid
too much for Natomas Co. in 1983 because of insider trading. Kidder
Peabody and Siegel were advising Diamond Shamrock on the deal, and Maxus
alleges that Siegel's tips prompted Boesky to buy Natomas stock, driving
its price up.
Boesky and Siegel contend that Diamond Shamrock wasn't hurt by the stock
purchases, although its shareholders may have been.
The trial, in state court in Dallas, is expected to last about a week,
compared with the six to eight weeks that were expected had Kidder Peabody
remained in the case. Kidder Peabody is a unit of General Electric Co.
Siegel's lawyer said last week that his client couldn't afford to be
represented during the full trial. The lawyer, Patrick Guillot of Dallas,
couldn't be reached yesterday to say whether the prospect of a shorter
trial has changed Siegel's plan.
NNNN
===EOD===
ZCZC
Product: WJ, Service: CO
Permanent, 90 Days
The Wall Street Journal (full text)
The Wall Street Journal (full text)
Accession: 199210090019, Page:
SOURCE: WSJour
DATE: 199404120254
SUBJ: Technology: Alzheimer's Study Points to a Benefit From Brain
Chemical
SECTION: , ACCESSION: 199210090019
BOSTON -- Scientists here reported a study suggesting that drugs based on
a chemical messenger in the brain might slow the metabolic process
underlying Alzheimer's disease.
Other Alzheimer's disease researchers, however, cautioned that further
studies will be needed to establish that such drugs would work as hoped in
slowing the fatal brain disorder.
The study, by researchers at Massachusetts Institute of Technology and
Massachusetts General Hospital, connects two longstanding lines of
research on Alzheimer's disease. One line centers on acetylcholine, a
compound that carries signals between nerve cells in memory-forming areas
of the brain that are particularly hard hit by Alzheimer's disease. The
other focuses on beta amyloid, a protein that is formed by the breakdown
of a larger precursor protein in the brain and that seemingly does much of
the harm to nerve cells caused by Alzheimer's disease.
In test tube studies reported in today's issue of the journal Science,
the Boston team found evidence that acetylcholine promotes the normally
occurring breakdown of the amyloid precursor protein in neurons in a good
way -- one that doesn't lead to formation of beta amyloid. Thus, drugs
that mimic acetylcholine's action in the brain may block the buildup of
harmful amyloid deposits, effectively stopping the Alzheimer's disease
process in its tracks, said Richard Wurtman, one of the MIT researchers.
But just because such drugs may stimulate benign breakdown of the amyloid
precursor doesn't necessarily mean they will block the alternative
breakdown "pathway" that forms beta amyloid and apparently causes brain
damage, said Dennis Selkoe, a researcher at Boston's Brigham and Women's
Hospital. To resolve such questions, the Boston team is now testing
whether compounds mimicking acetylcholine actually slow formation of beta
amyloid, said MIT's Dr. Wurtman.
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120231
SUBJ: *Japan's Sept. Trade Surplus With U.S. 4.84 Billion Dlrs, Up From
4.58-Billion-Dlr Surplus A Year Earlier
- - 0231EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120232
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK
LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR S
aaaaa bbbbb c
NNNN
===EOD===
ZCZC
Product: PR, Service: CO
Permanent, 90 Days
Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120733
SUBJ: GROUP LAUNCHES CAMPAIGN ACROSS CANADA TO HIGHLIGHT 500 YEARS OF
NATIVE STRUGGLE, SPECIAL FOCUS ON GUATEMALA: DEVELOPMENT AND PEACE
TORONTO, Oct. 13 /CNW/ - As the world marks the 500th anniversary of the
``discovery'' of the Americas and ponders what befell native people in its
wake, Canadians are being urged to join a national action to back efforts
by native people in Guatemala to regain their land and end years of
repression.
The campaign is called ``FROM DOMINATION TO LIBERATION''. It has been
launched by DEVELOPMENT AND PEACE, the international Catholic development
agency which supported over 10,000 projects in 60 countries in 25 years.
It's the third campaign in as many years in the DEVELOPMENT AND PEACE
program, ``Rebuilding the Americas'', which has examined the staggering
debt load of poor countries and the wretched conditions trapping millions
in big city slums in the Americas. This year's focus is native people's
efforts to end the effects of 500 years of colonization, and their
struggle for their rights.
People are being asked by DEVELOPMENT AND PEACE to send a message of
support to the National Council of Displaced Peoples of Guatemala. Almost
entirely indigenous, it is demanding that land seized be returned and for
an end to all military control of native communities.
Some 1.5 million mostly native people are now homeless, another 45,000
live in UN refugee camps in southern Mexico, and some 200,000 others have
fled to Mexico, Canada, Europe, Australia, and the U.S.
/For further information: JACK PANOZZO, 416-698-7770/
19:49 ET
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CALIFORNIA AMPLIFIER INC. Stock
ISSUER: CALIFORNIA AMPLIFIER INC.
SYMBOL: CAMP
FILER: HALL BARRY W
TITLE: Chairman of the board.
SOLD: 9/24/92 10,000 9.00
OWNERSHIP: 40,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: *Closing Taipei Stock Price Index: 3633.22 (3602.96)
(1991 ended at 4600.67)
-0- 0421GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120607
SUBJ: Canadian Dollar Ends Higher
TORONTO -DJ- The Canadian dollar closed at 80.42 cents (U.S.), up from
80.03 cents Friday.
5:04 PM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120607
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH III
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120232
SUBJ: *Japan's 1st-Half Trade Surplus With U.S. 21.16 Billion Dlrs, Up From
17.37-Billion-Dlr Surplus A Year Earlier
- - 0232EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CALIFORNIA AMPLIFIER INC. Stock
ISSUER: CALIFORNIA AMPLIFIER INC.
SYMBOL: CAMP
FILER: SCHWAB DENNIS
TITLE: Officer.
SOLD: 9/24/92 15,000 9.25
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120032
SUBJ: Polls After US Vice-Presidential Debate Favor Democrat Gore
NEW YORK -(AP-DJ)--Viewers polled after the U.S. vice presidential debate
Tuesday night reacted more favorably to Bill Clinton deputy Senator Al
Gore than to his two opponents, but there was no evidence he won any votes
for his ticket.
A poll for 'Dateline NBC' found 50 pc of viewers thought Democrat Gore
did the best job in the debate, 32 pc lked Republican Vice President Dan
Quayle and just 7 pc gave top rank to the independent candidate Admiral
James Stockdale.
An ABC News poll asked who won, and Gore barely edged out Quayle, 38 pc
to 35 pc, with 17 pc calling it a tie and 2 pc saying Stockdale. The
separation between Gore and Quayle was within the polls' margin of
sampling error of 4.5 percentage points.
ABC called 624 registered voters who already had been polled Sunday and
Monday on their presidential preference. Fewer were undecided after the
debate, but the standings did not change much: 47 pc for Bill Clinton, up
one point, 38 pc for President George Bush, up three points and 12 pc for
Ross Perot, unchanged.
-0- 0424GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120631
SUBJ: This Is A Test From The Dow Jones News Service
6:30 AM
NNNN
===EOD===
ZCZC
Product: PR, Service: CO
Permanent, 90 Days
PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120736
SUBJ: U.S. SUPREME COURT ISSUES A SECOND MAJOR RULING IN FAVOR OF
INDEPENDENT SERVICE ORGANIZATIONS
SAN FRANCISCO, Oct. 13 /PRNewswire/ -- For the second time in four
months, the United States Supreme Court has issued a major ruling in favor
of independent service organizations bringing antitrust suits against
manufacturers of complex durable equipment. Virtual Maintenance Inc., one
of the leading members of Independent Service Network International
(ISNI), the largest trade organization of independent computer and medical
equipment maintainers, has today prevailed in its petition to the Supreme
Court to vacate an appellate court decision which had taken away from
Virtual the $25.3-million verdict which it obtained against Prime Computer
Inc. in October 1990.
The earlier Supreme Court decision, Eastman Kodak Co. v. Image Technical
Service, et al., held last June that the antitrust laws could apply to
aftermarkets, such as the maintenance of complex durable equipment like
copiers or computers. That case, however, had been decided by a judge in
a summary judgment proceeding before a jury trial could occur. The
Supreme Court sent it back to the trial court for a jury trial, which has
still not yet occurred.
In contrast, the Virtual case has gone through a full jury trial.
therefore, the Virtual case goes a step beyond Kodak because no further
trial need occur. The Supreme Court sent the Virtual case back to the
appellate court, not the trial court, so that the appellate court can
reconsider its now vacated decision in light of the Kodak opinion.
Both Kodak and Virtual involved an antitrust practice called tying. Kodak
required purchasers of its unique spare parts also to purchase photocopier
maintenance from Kodak, that is, Kodak "tied" maintenance purchases to
spare parts purchases. Prime required purchasers of its unique software
updates also to purchase computer maintenance from Prime.
"We are delighted that one of our members has had the courage and energy
to fight this case through to the Supreme Court," said Claudia Betzner,
executive director of the ISNI. "This decision shows that the Kodak case
was not a fluke and that our legal system will protect service companies
in competition with manufacturers."
ISNI's general counsel, Ronald S. Katz of the law firm of Coudert
Brothers, stated that "These two major decisions preserve competition in
aftermarkets. Because most economic activity now occurs in aftermarkets
-- like blades for razors, film for cameras, or service for computers or
cars -- these opinions will have a tremendous positive impact on our
economy.
/CONTACT: Claudia Betzner, executive director of the ISNI, 404-816-1610,
or Ronald S. Katz of Coudert Brothers, 415-986-1300, for ISNI/
19:49 EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys CAMBEX CORP Stock
ISSUER: CAMBEX CORP
SYMBOL: CBEX
FILER: LONG GORDON T
TITLE: Officer.
PURCHASED: 9/1/92 1,000 11.50
OWNERSHIP: 2,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 180 Days
Dow Jones News/Retieval
Dow Jones News/Retieval
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120717
SUBJ: Dow Jones News Service Codes -- Industries A-C
Advertising I/ADV
Aerospace & Defense I/ARO
Air Freight/Couriers I/AIF
Airlines I/AIR
Aluminum I/ALU
Apparel Makers I/TEX
Apparel Retailers I/SAP
Appliances I/HMF
Automobile Manufacturers I/AUT
Automotive Parts & Equipment I/AUP
Banks (All) I/BNK
Banks -- Central I/BAC
Banks -- East I/BAE
Banks -- Major International I/BAN
Banks -- Regional (All) I/BAR
Banks -- South I/BAS
Banks -- West I/BAW
Beverages (All) I/BVG
Beverages -- Distillers & Brewers I/DST
Beverages -- Soft Drink I/SFT
Brewers I/DST
Building Materials I/BLD
Casinos I/CNO
Chemicals I/CHM
Commodity Chemical I/CHC
Specialty Chemical I/CHS
Coal I/COA
Communications Technology I/CMT
Computers I/CPR
Conglomerates I/CGL
Consumer & Household Products &
Services (All) I/HOU
Consumer & Household
Products (Only) I/HPR
Consumer & Household Products,
Non-durable I/HPN
Consumer & Household Products,
Durable I/HPD
Consumer & Household
Services (Only) I/CSV
Consumer & Household Products
& Services -- Tobacco I/TOB
Containers & Packaging I/CTR
Cosmetics/Personal Care I/COS
NNNN
===EOD===
ZCZC
Product: PR, Service: CO
Temporary, 90 Days
Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120737
SUBJ: 1992 International Electric Grand Prix, Oct. 15-18
--(BUSINESS WIRE)--
WHAT: THREE-DAY ROAD RALLY stretches over 120 miles -- through 26
cities, from Long Beach to San Bernardino.
THE EXPO. Spectators -- car buffs, enthusiasts, friends of the
earth and families -- can see road tests and visit the free
alternative energy exposition, car display and more.
WHEN &
WHERE: ROAD TEST & EXPO ON THURSDAY, OCT. 15, Veterans Memorial Stadium
in Long Beach at the corner of E. Carson Street & Clark Avenue
Registration, 8 a.m. - 2 p.m.
Scrutineering, 8:30 a.m. - 5:30 p.m.
Qualifying/Acceleration, 9 a.m. - 6 p.m.
Solar Model Car Race, noon
Electrathon Race, 1:30 p.m.
EXCELLENT DAY FOR INTERVIEWS, CAR DEMOS, ETC.
-- DAY ONE: FRIDAY, OCT. 16, VETERANS STADIUM TO SANTA MONICA
COLLEGE
9:30 a.m. Opening Ceremonies
10 a.m. Rally Begins
10:45 a.m. Midway Press Stop at Hughes, Torrance Airport
(Skypark Drive at Crenshaw, Torrance)
11:30 a.m. Rally Cars Start Arriving at Santa Monica College
(Pearl Street & 17th)
Noon Solar Model Car Race
1:30 p.m. Electrathon Race
PHOTO OPPORTUNITIES/OVERHEAD SHOTS/HELICOPTER FLY-BYS
-- DAY TWO: SATURDAY, OCT. 17, SANTA MONICA TO PASADENA
ROSE BOWL
10 a.m. Car Rally Starts at Santa Monica College
10:45 a.m. Midway Press Stop at Universal Studios
(SW corner of Barham & Forest Lawn)
11:30 a.m. Rally Cars Start Arriving, Parking Lot K
(W. Drive & Arroyo Seco)
Noon Solar Model Car Race
1:30 p.m. Electrathon Race
-- DAY THREE: SUNDAY, OCT. 18, ROSE BOWL TO THE NATIONAL
ORANGE SHOW STADIUM IN SAN BERNARDINO
8 a.m. Car Rally Begins at Pasadena Rose Bowl
9:45 a.m. Midway Press Stop at Harvey Mudd College
(Foothill Boulevard at Mills, Claremont)
11 a.m. Solar Model Car Race
11:30 a.m. Rally Cars Start Arriving, Gate 10, 689 South `E'
Street
Noon Electrathon Race
4 p.m. Award Ceremony
-- ONGOING EXHIBITS EVERY DAY FROM 11 A.M. - 6 P.M.
Thursday at Long Beach, Friday in Santa Monica, Saturday in
Pasadena and Sunday in San Bernardino
10 a.m. - 6 p.m. Exhibitors & Vendors
10 a.m. - 6 p.m. Ride & Drive
10 a.m. - 6 p.m. Conversion Demo
10 a.m. - 6 p.m. Kiddie Car Derby
WHY ARE WE DOING IT? ``We need to jump-start this industry. State law
says that 2 percent of all 1998 cars sold in California must be zero
emission vehicles -- electric cars. That's 35 to 40 thousand cars in less
than 6 years,'' says Peter Quinn Hackes, executive director.
The 1992 International Electric Grand Prix is sponsored by: Cal State
Long Beach, California Department of Transporation, California Energy
Commission, CALSTART, City of Pasadena, Electric Vehicle Association of
Southern California, Graybar Electric Co. Inc., Green Motor Works, I Won
Motronics Institute, L.A. Cellular, Lockheed, Los Angeles Department of
Water and Power, National Orange Show, Ogilvy & Mather, Pasadena Water and
Power Department, Santa Monica College, Solar Electric Engineering, South
Coast Air Quality Management District, Southern California Edison, TRW,
Trojan Battery, U.S. Department of Energy, Southern California Gas Co. and
others.
CONTACT: Barbara Hodgson, 310/276-6232
213/706-1840 (cellular phone)
or
IEGP Headquarters, 818/565-5519
20:10 ET OCT 13, 1992
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DATE: 199404120233
SUBJ: RPT:Japan's Sept. Steel Output Falls 9.3% From Yr Ago
TOKYO -(AP-DJ)--Japan's steel production in September
slipped 9.3% from the same month a year earlier to a
total of 8.07 million metric tons, the Japan Iron and
Steel Federation reported Wednesday.
The tempo of decline in steel output from year-earlier
levels in September was less than 10% for the first time
in 10 months.
Nonetheless, September marked the 14th month in a row
in which output remained below year-earlier levels. The
latest figure was the lowest level for September in five
years. In September 1987, steel production was 8.01
million metric tons, when the yen's strong appreciation
hurt exports by making Japanese steel products more
expensive in foreign currency terms.
The latest figure was unchanged from the previous
month's level.
Holding back the pace of growth in the nation's steel
output has been steel makers' ongoing efforts to curb
production in an attempt to tame inventories. Japan's
economic slowdown has cut into demand from weak sectors
such as the auto and electric machinery industries, thus
raising steel stockpiles.
With the latest figure factored in, Japan's steel
output in the July-September quarter came to 24.30
million metric tons, down 11% from a year earlier. The
latest quarter's output, the third in a row of
year-on-year decline, was in line with the official
forecast of 24.30 million metric made by the Ministry of
International Trade and Industry (MITI). The quarterly
figure was off 0.2% from a the previous quarter.
- - 0233EDT
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DATE: 199404120739
SUBJ: FRUIT OF THE LOOM AND GOVERNOR FORDICE ANNOUNCE 1,000 NEW JOBS AT
GREENVILLE, MISSISSIPPI FACILITY
CHICAGO, Oct. 13 /PRNewswire/ -- William Farley, chairman and chief
executive officer of Fruit of the Loom Inc. (AMEX: FTL) and Gov. Kirk
Fordice, today announced details of the company's acquisition of the
former Vlasic Foods facility in Greenville, Miss.
The company entered into a tentative agreement in May 1992 for the
purchase of the 253,000 sq. ft. facility, pending the outcome of an
environmental study. That study successfully completed, renovation has
begun, including a 40,000 sq. ft. addition. Fruit of the Loom will invest
$40 million in the facility in new equipment.
Approximately 1,000 employees will be hired over the next two years for
knitting, dyeing, finishing and sewing production, generating a payroll in
excess of $15 million. Several sewing units were installed and operations
commenced Monday, Oct. 5.
"We are very pleased with the quality workforce in Mississippi and the
strong leadership, exhibited by state and local officials," said William
Farley. He added, "These factors have allowed us to grow our presence in
the state to produce the clothes America loves best. We are encouraged
that the growing demand for our entire product line enables us to expand
our manufacturing operations and create jobs for American workers."
"This is a proud moment not only for the people of Greenville and
Washington County, but for the entire Delta region," said Mississippi Gov.
Kirk Fordice. "These 1,000 jobs are a great boost to the area's
employment and economy, and where is it more appropriate for Fruit of the
Loom to locate its latest facility, than in the heart of the cotton
growing region. We are delighted that the company chose to expand its
Mississippi operations."
Gov. Fordice and Bill Farley were joined at the announcement by John
Holland, president and chief operating officer, Fruit of the Loom; Jack
Moore, president, Fruit of the Loom; John Waldrop, vice president
manufacturing, Fruit of the Loom; Harper Young, president, Industrial
Foundation; Harry Vickery, president-elect, Industrial Foundation; Frank
Self, mayor, City of Greenville; Jamie McGowin, president, Washington
County Board of Supervisors; Jimmy Heidel, director, Department of
Economic and Community Development; Charlie Bevil, chairman, Economic
Development District; Jerry Hafter, president, Greenville Area Chamber of
Commerce and Tommy Hart, executive director, Industrial Foundation of
Washington County.
Fruit of the Loom, with its operating headquarters in Bowling Green, Ky.,
employs approximately 1,250 people in Mississippi, including 1,200 at its
facility in Batesville and 50 in Sherman, Miss.
Fruit of the Loom is a leading global manufacturer and marketer of
quality activewear and casualwear for the imprinted and retail market,
men's and boys' underwear and women's and girls' underwear. The company
employs over 30,000 people in over 45 locations worldwide. Principal brand
names include "FRUIT OF THE LOOM(R), BVD(R), SCREEN STARS(R) and
MUNSINGWEAR(TM). The company is also a leading manufacturer of infants'
and toddlers' underwear and family socks, using the FRUIT OF THE LOOM
brand name. All Fruit of the Loom products are "unconditionally
guaranteed."
/CONTACT: Pamela L. Webber, 312/993-1815 or Mark A. Steinkrauss,
312/993-1889, both of Fruit of the Loom Inc.; Hermine McLarty, Department
of Economic and Community Development, 601/359-3449/
20:14 EDT
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DATE: 199404120516
SUBJ: Insider Sells CHATTEM INC. Stock
ISSUER: CHATTEM INC.
SYMBOL: CHTT
FILER: BOSWORTH ROBERT E
TITLE: Officer and director.
SOLD: 9/24/92 10,000 30.25
OWNERSHIP: 329,700 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:05
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DATE: 199404120516
SUBJ: Insider Sells CHATTEM INC. Stock
ISSUER: CHATTEM INC.
SYMBOL: CHTT
FILER: GUERRY JOHN P
TITLE: Officer.
SOLD: 9/10/92 80,000 27.50
OWNERSHIP: 90,414 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:05
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DATE: 199404120717
SUBJ: Dow Jones News Service Codes -- Industries D-I
Drug-Based Retailers I/RTD
Electric Utilities I/ELC
Electric Utilities, East I/UEE
Electric Utilities, South I/UES
Electric Utilities, Central I/UEC
Electric Utilities, West I/UEW
Electrical Components & Equipment I/ELQ
Entertainment & Leisure (All) I/ENT
Entertainment & Leisure -- Casinos I/CNO
Entertainment & Leisure --
Recreational Products & Services I/REC
- Movies I/MOV
- Toys I/TMF
- Other Recreational Products I/REQ
Entertainment & Leisure
-- Restaurants I/RES
Factory Equipment I/FAC
Farm Equipment I/MAC
Financial Services -- Diversified I/FIS
Food I/FOD
Food Retailers & Wholesalers I/FDR
Forest Products I/FOR
Furniture & Fixtures I/HMF
Gambling I/CNO
Gas Utilities I/GAS
Health Care Providers I/HEA
Heavy Construction I/CON
Heavy Machinery I/MAC
Home Construction I/HOM
Home Furnishings & Appliances I/HMF
Industrial & Commercial Services
(All) I/SVC
Industrial & Commercial Services --
General Services I/ICS
Industrial & Commercial Services --
Pollution Control I/POL
Industrial -- Diversified I/IDD
Industrial Technology I/ITC
Insurance (All) I/INS
Insurance -- Full Line I/INF
Insurance -- Life I/INL
Insurance -- Property & Casualty I/INP
Iron & Steel I/STL
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DATE: 199404120236
SUBJ: Japan Govt Bond Futures End Higher; Dec 10Yrs Up 0.08
10-Year Govt Bond Futures
Open High Low Close Change
Dec 92 106.45 106.51 106.40 106.41 Up 0.08
March 93 105.81 105.96 105.81 105.95 Up 0.19
20-Year Govt Bond Futures
Dec 92 100.70 100.80 100.70 100.80 Up 0.10
- - 0235EDT
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SUBJ: Insider Sells CHATTEM INC. Stock
ISSUER: CHATTEM INC.
SYMBOL: CHTT
FILER: GUERRY ZAN
TITLE: President.
SOLD: 9/10-24/92 90,000 27.50-30.25
OWNERSHIP: 428,199 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:05
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SOURCE: DowInt
DATE: 199404120038
SUBJ: Unified Korea's Energy Dependency Would Drop To 63%:Report
SEOUL-(AP-DJ)--South Korea's Energy-Resources Ministry said Wednesday
unification of South and North Korea will lower external energy dependency
sharply if it happens now.
According to a report by the ministry to the National Assembly, a unified
Korea's external energy dependency will decrease to 62.7% from 91.3% last
year if unification of the divided South and North Korea takes place now.
The report said North Korea has coal resources nine times larger than
South Korea, including 11.7 billion tons of anthracite and 3 billion tons
of bituminous coals. The alleviation of energy dependence will be also
helped by North Korea's water power stations.
The report, however, said the unified Korea will have to depend on
imported gas and petroleum because North Korea is currently using coal for
transportation and there are no sources on the peninsula.
According to the report, North Korea's energy structure is simple. Three
sectors - coal, water power and petroleum and coal - accounted for 84% of
total energy consumption.
North Korea's foreign energy dependency was 13.8% with petroleum
accounting for 9.3%, which compared with the South's external energy
dependency of 85.5% and and petroleum dependency of 49.6%.
The report said North Korea has been making active moves to find gas and
petroleum with technology assistance from the Commonwealth of Independence
States and Romania but did not show any success.
North Korea's total energy consumption amounted to 38.11 million ton
equivalents in 1989, about 47% of that of South Korea, said the report.
-0- 0438GMT
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DATE: 199404120047
SUBJ: Japan Insolvencies -3: Fiscal 1st Half Failures Up 33%
Teikoku Data Bank said Japan's domestic economic slowdown continues to
show no signs yet of hitting bottom.
For the fiscal first half from April 1 through September 30, Teikoku Data
Bank said insolvencies came to 6,952 cases, up 33% from the year before.
Debts left behind by insolvent companies during the half came to 3.584
trillion yen, down 6.1% from the year before.
Teikoku Data's statistics cover insolvencies of companies with debt
exceeding 10 million yen. For September, the number of insolvencies with
debts exceeding 10 billion yen came to 10, up from 9 cases the year
before.
September's debt total was boosted by the 200-billion-yen failure of an
Osaka-based real estate business group, Yoshimoto Kosan. The group, which
was hurt by the decline in stock and land prices, was the latest victim of
the bursting of Japan's 'bubble' economy. The term bubble economy refers
to the period of sharp asset price inflation that occurred during the easy
money period of the late 1980s.
But while real estate-related failures stood at 100 in September, up 12%
from the year before and the third consecutive month above the 100 mark,
weak economic conditions are taking an increasing toll on non-bubble
companies, Teikoku Data said.
Manufacturing company failures surged 85% to 198 in September from 107
the year before.
- - 0447GMT
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DATE: 199404120718
SUBJ: Dow Jones News Service Codes -- Industries L-R
Land Transportation Equipment I/LDT
Lodging I/LOD
Machinery I/MAC
Marine Transportation I/MAR
Media I/MED
Media, Broadcasting I/BRD
Media, Publishing I/PUB
Medical & Biological Technology I/MTC
Biotechnology I/BTC
Advanced Technology Devices I/MDV
Medical Supplies I/MDS
Mining I/MNG
Non-Ferrous Metals (All) I/NFR
Non-Ferrous Metals -- Aluminum I/ALU
Non-Ferrous Metals -- Other I/ONF
Office Equipment I/OFF
Oilfield Equipment & Services
(All) I/OIE
Oilfield Equipment & Services
Oil Drilling I/DRL
Oilfield Equipment & Services
Other (Excludes Drilling) I/EQS
Oil -- Integrated Majors I/OIL
Oil -- Secondary I/OIS
Paper Products I/PAP
Personal Care I/COS
Petrochemicals I/CHM
Pharmaceuticals I/DRG
Pipelines I/PIP
Plastics I/CHM
Precious Metals I/PCS
Railroads I/RAI
Real Estate Investment I/REA
Restaurants I/RES
Retailers -- Broadline I/RTB
Retailers -- Specialty (All) I/RTS
Retailers -- Specialty Apparel I/SAP
Retailers -- Specialty Other
(Excludes Apparel, Drugs) I/OTS
Retailers & Wholesalers --
Specialty Drug-Based I/RTD
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DATE: 199404120718
SUBJ: Dow Jones News Service Codes -- Industries S-Z
Savings & Loans I/SAL
Securities Brokers I/SCR
Semiconductors & Related I/SEM
Shipbuilders I/SHP
Soft Drinks I/SFT
Software I/SOF
Steel I/STL
Technology - Diversified I/DTC
Telephone Systems I/TLS
Regional Telephone Systems I/RTL
Long Distance Telephone Systems I/LDS
Mobile Communication Systems I/CTS
Textiles & Apparel I/TEX
Footwear I/FOT
Clothing and Fabrics I/CLO
Tire & Rubber I/AUP
Tobacco I/TOB
Transportation Equipment (All) I/TRQ
Transportation Equipment -- Land I/LDT
Trucking I/TRK
Waste Management I/POL
Water Utilities I/WAT
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DATE: 199404120240
SUBJ: N.Z. Sovereign Debt Rating Will Be Unchanged Says Moody's
WELLINGTON -(AP-DJ)--Moody's Investors Service Inc.
said Wednesday it will issue within a month a review of New
Zealand's sovereign debt rating and the country's
classification will be "unchanged."
A spokesperson for the U.S.-based rating agency said
the review is an annual exercise Moody's goes through to
update its commentary.
"The rating is unchanged," the spokesperson said.
New Zealand's sovereign debt rating by Moody's at
present is Double-A-3.
News that Moody's rating of New Zealand will be
unchanged is in line with market expectations.
"(Finance Minister Ruth) Richardson alluded to the
fact that it would be unchanged on her return from a recent
trip to New York," said Bankers Trust New Zealand Ltd.
associate treasury director John McFarlane.
"The grading comes down to looking at a country's
current account situation as an indicator of its ability to
meet ongoing commitments," McFarlane said.
"Noone expects an upgrade yet because a recent
improvement in New Zealand's current account deficit has
not been strong enough to warrant an upgrade," McFarlane
said.
"On the other hand, the current account has been
improving strongly enough so as to guarantee there won't be
a downgrade," he said.
- - 0239EDT
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DATE: 199404120242
SUBJ: N.Z. Sovereign Debt -2: Confirmation Seen As Favorable
According to latest data, New Zealand recorded a current
account deficit of $29 million New Zealand in the second
quarter of 1992, narrowing from a deficit of $125 million NZ
in the first quarter of 1992, which in turn narrowed from a
deficit of $346 million NZ in the fourth quarter of 1991.
McFarlane said financial markets should react favorably
to the confirmation of the debt rating by Moody's.
"Reaffirmation of the government's rating is certainly
not going to be bad news," McFarlane said.
The other main sovereign debt rating agency, Standard &
Poor's Corp. at present rates New Zealand government debt
Double-A-minus, which is in line with the Moody's rating.
-0- 0241EDT
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DATE: 199404120739
SUBJ: RETIRED SAN FRANCISCAN WINS $3.28 MILLION ON SUPER LOTTO
SACRAMENTO, Calif., Oct. 13 /PRNewswire/ -- Robert Dye, 72, a retired
merchant seaman from San Francisco, claimed his $3.28 million Super Lotto
prize today which he won last Wednesday's Oct. 7 draw.
Dye found out he won last Thursday when he read the winning numbers in
the newspaper. He immediately knew he had won at least $5. He compared
his ticket to the numbers in the paper and discovered he had won the
jackpot prize.
With his winnings, Dye plans to pay off his debts and continue to rent
his home. He has not yet made other plans. He will receive $164,000 each
year for 20 years (before taxes).
The numbers which Dye played were his favorite numbers which he has been
playing since the Lotto game started in 1986. The winning ticket was a $5
ticket purchased at Harvey's Place on 5th Street in San Francisco. The
retailer will receive a $16,400 bonus commission for selling the winning
ticket.
The Lottery Act requires that 50 percent of total sales is returned to
players as prizes and a minimum of 34 percent goes to public education.
The remaining 16 percent goes to retailer commissions (6.5 percent) and
Lottery operations costs (9.5 percent). The Lottery's contribution makes
up approximately 2 to 3 percent of the total public education budget. In
seven years, the Lottery has contributed over $5 billion to education.
/CONTACT: Jana Matal of the California State Lottery, 916-324-7098/
20:19 EDT
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DATE: 199404120718
SUBJ: Dow Jones News Service Codes -- Highlights Of The Service
HIGHLIGHTS OF THE SERVICE
N/HOH Headline Summaries (Hourly)
I/BBB Bulletin Board
N/MKT Latest World Market Reports
N/NWS Special News Events
STOCK MARKET FEATURES
N/NYH Today's Hot NYSE Stocks
N/OTH Today's Hot OTC Stocks
N/NYS NYSE General Market Commentary
N/OTC OTC General Market Commentary
S/DJA Dow Jones Stock Averages
N/STK Stock Market News
S/STT U.S. Stock Market Statistics
S/ACT Most Active Stocks
I/SCR Securities Firms
BUSINESS NEWS
N/ERN Earnings
N/DIV Dividends
N/TNM Takeovers, Mergers and Acquisitions
I/BNK Banks and Banking Industry News
CREDIT MARKET NEWS
G/FED Federal Reserve Board News
G/TRE U.S. Treasury News
N/ICM International Credit Market News
N/BON Bond Market News
N/REG Bond/Stock Registrations
N/RTG Bond/Stock Ratings
N/FIN U.S. Interest Rate News
WASHINGTON NEWS
N/EMI U.S. Economic Indicators
N/EMJ U.S. Economic Indicators - Forecasts, Analysis
N/ECO U.S. Economic News
G/AGN U.S. Government Agency Financing
G/CNG U.S. Congress News
G/EXE White House News
INTERNATIONAL NEWS
N/IEI International Economic Indicators
N/IEN International Economic News and Analysis
N/FRX Foreign Exchange News and Rates
N/TRD International Trade News
R/EC European Community News
R/ML Middle East News
R/JA Japan News
CANADIAN NEWS
N/CEA Canadian Economic & Monetary News
N/TOR Canadian Stock Market Comment
S/TOS Canadian Stock Market Statistics
N/CEM Canadian Economic & Monetary Indicators
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DATE: 199404120244
SUBJ: Tokyo Stocks End Lower -2; Nikkei 17,344.03, Dn 0.84%
TOKYO -(AP-DJ)--Tokyo stocks ended mixed Wednesday,
but the Nikkei index plunged nearly 300 points during
the final hour of trading to end at its session low.
Dealers attributed the sell-off at day's end to
index-linked arbitrage, and said the fall was only
coincidental with top Japanese powerbroker Shin
Kanemaru's announcement that he would resign from
parliament to take responsability for a recent scandal.
The Nikkei, which tracks 225 selected issues, fell
146.64 points to 17,344.03. The index rose 188.66
points Tuesday. The Nikkei closed the 1991 trading year
at 22,983.77.
Brian Tobin, general manager of equity sales at S.G.
Warburg Securities (Japan) Inc., said participants are
disappointed with the failure of positive news to emerge
from U.S. Federal Reserve Chairman Alan Greenspan's
meetings with Japanese monetary officials during the
week. He said the market was largely anticipating at
least "some whisper of a concerted (U.S.-Japanese) rate
cut."
Advancing issues narrowly outnumbered retreating
issues 494 to 414, while 183 issues were unchanged.
Volume on the First Section of the Tokyo Stock
Exchange was estimated at 250 million shares, up from
204.98 million shares Tuesday.
- - 0243EDT
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DATE: 199404120246
SUBJ: Japan's Trade Surplus-2: Grows For 21st Consecutive Month
TOKYO -(AP-DJ)--Japan's trade surplus for September,
before adjustment for seasonal factors, was $12.07 billion,
up 25% from the $9.66 billion surplus for the corresponding
month a year earlier, the Finance Ministry reported Monday.
September was the 21st consecutive month for which
Japan's trade surplus was bigger than in the corresponding
month a year earlier. The acceleration of the surplus is a
politically sensitive issue between Japan and the U.S. and
other trading partners.
The latest surplus is in line with the average of
forecasts by analysts that Dow Jones surveyed last
week. They saw the surplus at $12.3 billion, reflecting
exports of $30.4 billion and imports of $18.1 billion.
Japan's unadjusted surplus with the U.S. in September
grew 5.8% to $4.84 billion from $4.58 billion a year ago for
a year-on-year increase for the sixth month in a row. In
March, the surplus with the U.S. shrank from year-earlier
levels for the first time in eight months.
The finance ministry also released trade data Wednesday
for the first half of fiscal 1992. Japan's unadjusted trade
surplus during the April-September period grew 32% to $52.46
billion from $39.68 billion in the corresponding term in
the previous fiscal year. Japan's unadjusted surplus with
the U.S. during the six-month period increased 22% to $21.16
billion from $17.37 billion a year earlier.
- - 0246EDT
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SOURCE: CapMrkt
DATE: 199404120247
SUBJ: Yen Rates, Yields: Overnight, Euroyen Futures Dearer
Wednesday PM Tuesday PM
Yen-Dlr Exchange Rate 121.10 121.60
Overnight Secured Call 4.03% 3.91
Overnight Unsecured Call 4.09 4.06
One-Week Discount Bill 4.03 N/A
New 3Mo CDs 3.85 3.90
New 3Mo Euroyen 3.88 3.89
March Euroyen Futures 3.39 3.36
6Mo Treasury Bill 3.550 3.565
Dec JGB Futures 5.036 5.047
Benchmark 10Yr JGB 4.830 4.840
Quotes for call money and discount bills come from
Ueda Tanshi Co. The interest rate for certificate of
deposit (CD) quotes is from brokers screens. The yield of
three-month Euroyen deposit futures for March delivery
reflect the price at the Tokyo International Financial
Futures Exchange. The Finance Ministry's six-month t-bill
quote comes from dealers. Yields of December futures for
Japanese government bonds and the benchmark 10-year issue
come from the Tokyo Stock Exchange.
-0- 0246EDT
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Canada News-Wire
Canada News-Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120740
SUBJ: JOINT NEWS CONFERENCE
OTTAWA, Oct. 13 /CNW/ - The National Co-Chairs of the Canada YES
Committee and the Co-Chairs of the Manitoba YES Committee will be holding
a joint News Conference with the executive of the Council for Canadian
Unity to discuss their common position pertaining to the Charlottetown
Accord.
Where: Holiday Inn Crowne Plaza, Kildonan Room
When: 9:30 a.m., Wednesday, October 14, 1992
NATIONAL CO-CHAIRS
Yves Fortier - Former Ambassador to the United Nations
Iona Campagnola - Former M.P. and Chancellor U of N.B.C.
June Callwood - Canadian Journalist
Ted Newall - President and C.E.O. NOVA Corporation
Mary Simon - President Inuit CIRCUMPOLAR Conference
Dr. Joseph Wong - Physician & Director Chinese Can. National
Council
MANITOBA CO-CHAIRS
Hon. Pearl McGonigal - Former Lt. Governor, Manitoba
Jack Fraser - C.E.O. Federal Industries
Roland Penner - Dean, University of Manitoba
School of Law
COUNCIL FOR CANADIAN UNITY
Dr. Joseph Du (Winnipeg)
Tom Denton (Winnipeg)
Dr. Urban Joseph (Toronto)
Ms. Jocelyn Beaudoin (Montreal)
WEDNESDAY, OCTOBER 14, 1992
TIME
SPEAKERS EVENT LOCATION
8:00 A.M. - 9:30 A.M.
NATIONAL CO-CHAIRS NATIONAL COUNCIL FOR HOLIDAY INN
JUNE CALLWOOD CANADIAN UNITY CROWNE PLAZA
IONA CAMPAGNOLA BREAKFAST STRATHCONA ROOM
YVES FORTIER
TED NEWELL
MARY SIMON
DR. JOSEPH WONG
9:45 A.M.
NATIONAL CO-CHAIRS PRESS CONFERENCE HOLIDAY INN
CROWNE PLAZA
KILDONAN ROOM
10:00 A.M.
DAVID BJORNSON, M.P. TOWN HALL SELKIRK
SELKIRK - RED RIVER FRIENDSHIP CENTRE
SELKIRK, MANITOBA
10:30 A.M.
YVES FORTIER FRENCH LANGUAGE SOCIETE FRANCO
NATIONAL CO-CHAIR INTERVIEWS - MANITOBAINE
212 - 383
PROVENCHER BLVD.
11:00 A.M.
MARY SIMON HIGH SCHOOL SESSION CHILDREN OF THE
NATIONAL CO-CHAIR EARTH SCHOOL
100 SALTER STREET
11:00 A.M. - 1:30 P.M.
IONA CAMPAGNOLA WINNIPEG - SOUTH GRANT PARK
NATIONAL CO-CHAIR CONSTITUENCY WITH SHOPPING CENTRE
DOROTHY DOBBIE, M.P.
11:30 A.M. - 1:00 P.M.
YVES FORTIER SOCIETE FRANCO - LE BEAUJOLAIS
NATIONAL CO-CHAIR MANITOBAINE LUNCH RESTAURANT
131 PROVENCHER
BLVD.
11:45 A.M. - 12:45 P.M.
BILL BLAIKIE, M.P. HIGH SCHOOL SESSION MURDOCH MACKAY
WINNIPEG - TRANSCONA COLLEGIATE
260 REDONDA ST.
1:00 P.M. - 2:00 P.M.
TED NEWELL HIGH SCHOOL SESSION GARDEN CITY
NATIONAL CO-CHAIR SHARON CARSTAIRS - COLLEGIATE
``NO'' COMMITTEE 711 JEFFERSON
AVE.
1:45 P.M. - 3:00 P.M.
IONA CAMPAGNOLA, OPEN LINE RADIO SHOW CJOB
MARY SIMON, HOST: GRANT MCGINNIS 930 PORTAGE AVE.
DR. JOSEPH WONG
7:00 P.M.
ART MAURO AND ROYAL BANK EMPLOYEES TEC VOC HIGH
DOROTHY DOBBIE, M.P. INFORMATION SESSION SCHOOL
WINNIPEG - SOUTH 1555 WALL STREET
7:00 P.M. - 10:00 P.M.
LLOYD AXWORTHY, M.P. UNIVERSITY OF TACHE HALL
WINNIPEG - MANITOBA RESIDENCE
SOUTH CENTRE STUDENT RESIDENT AUDITORIUM
ASSOCIATION
NOTE: All times above are local time.
/For further information: (204) 956-1339/
20:28 ET
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PR News Wire
PR News Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120741
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yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120743
SUBJ: Sen. Glenn Outlines Positions on Energy, Environmental Issues
(ADVANCE) WASHINGTON--(BUSINESS WIRE)--Energy America, a coalition of
environmental, consumer, and sustainable energy organizations, today
released the results of a comprehensive candidate questionnaire completed
by both President Bush and his Democratic challenger Bill Clinton, as well
as the results of similar surveys completed by Ohio candidate for the U.S.
Senate, John Glenn.
"This country uses a disproportionate share of world energy supplies and
therefore generates large quantities of polluting emissions which go into
our atmosphere. This survey is important because there are definite
policy differences between the candidates this fall which could have a
major impact on the nation's sustainable energy policies, the environment
and public health," said Kurt Ehrenberg of Energy America.
Candidates were asked their positions on global warming, sustainable
energy initiatives, auto fuel economy, nuclear power, renewable energy
sources, federal transportation policy, and potential drilling in the
Alaska Wildlife Refuge for oil and natural gas.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120250
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KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
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CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
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KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120048
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yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
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iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
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SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
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qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LL
NNNN
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120252
SUBJ: Bonn Contemplates -2: German Fears May Endanger Treaty
"If the British fail to ratify the treaty, we have a
completely new situation," said Ulrich Irmer, head of the
foreign policy committee of the Free Democratic Party
(FDP).
"I can assure you that not only the German government
but also the parliament reflects about alternatives or
about scenarios which might be implemented if the
Maastricht Treaty is rejected," he added. "Of course we do
this, but we don't say it in public because we are
optimists."
The FDP is the junior partner in Chancellor Helmut
Kohl's ruling coalition.
Irmer also indicated that a public admission that
Germany was giving less than 100% support to the Maastricht
Treaty could in itself kill off any chance the agreement
has of surviving.
Irmer's comments contrast sharply with statements made
by Kohl and Economics Minister Juergen Moellemann, who both
called for a unanimous approval of the treaty by all 12 EC
members without any renegotiation.
Kohl reiterated that position Monday following his
meeting with EC Commission President Jacques Delors to talk
about Friday's summit.
Indeed, German politicians are privately saying that
renegotiating the treaty is impossible since some member
states, such as Greece, Ireland, and France, ratified the
original version while other member states, such as Britain
and Germany, would be asked to approve a modified version.
However, divisions within the German government over
what to do if Maastricht fails makes its alternatives
difficult to discern.
- - 0252EDT
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The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120727
SUBJ: UAW Seeks To Help Solve General Motors `Problems'
By Joseph B. White
DETROIT -- The United Auto Workers union's top negotiator at General
Motors Corp., in an unusual public statement, said the union "recognizes
that GM has real problems" and is "quite prepared to be a part of . . .
solutions," The Wall Street Journal reported
The statement was the first public hint that the UAW is willing to
participate in GM's crash effort to make its North American operations
profitable again.
In his most direct public comments on GM's recent labor troubles, UAW
Vice President Stephen P. Yokich criticized recent reports that GM's
outside directors are pushing management to take a tougher line with the
union. "Finger-pointing, scapegoating and management by news-leak isn't
one bit helpful" in the process of negotiating a resolution to GM's
problems, Yokich said.
Yokich apparently was referring to an article in yesterday's Washington
Post that said GM's directors had told GM Chairman Robert C. Stempel to
get tough with the UAW or risk losing his own job, perhaps by year end.
Yokich's comments come at a time when he and GM President John F. Smith
Jr. are walking a tightrope between GM's outside directors, who want fast
action to cut labor costs, and UAW local leaders, who want Yokich to fight
any effort to cut jobs. Smith and Yokich are in regular contact with each
other, and it is Smith, not Stempel, who is primarily responsible for
dealing with the labor issue, people close to the company say.
GM's directors have turned up pressure on top GM management to develop a
strategy for closing a $795-per-vehicle labor cost gap with rival Ford
Motor Co. GM directors conducted an extensive and critical review of GM's
labor strategy at a meeting in New York last week, people familiar with
the board's deliberations said.
GM's reaction to reports of the board's impatience came in a statement
from Stempel that "there is no disagreement between management and GM
directors on the position the corporation must take in bargaining with the
union." That position, the statement added, is to "improve our
competitiveness."
Talks to fashion a new labor contract are expected to be tough. GM
officials have indicated they will press demands, which the UAW has
rejected in the past, to cut medical insurance costs and introduce lower
wages for parts operations.
GM is also expected to accelerate and possibly expand plans to cut 54,000
UAW jobs from its North American payrolls. GM is considering the sale of
more of its parts-making operations than previously disclosed, according
to company insiders and individuals who have approached the auto maker
with proposals to acquire GM operations. GM has declined to comment.
The UAW, however, has seemed determined in recent weeks to block these
efforts. Since late August, UAW locals at three different factories have
protested GM's efforts to cut jobs by threatening damaging strikes. Locals
at a key metal stamping plant in Lordstown, Ohio, and an assembly plant in
Lansing, Mich., made good on their threats by staging walkouts.
But a third and potentially crippling strike at a pivotal parts plant in
Anderson, Ind., was averted last week. Senior GM and UAW negotiators, who
took over the Anderson talks on Oct. 6, cut a deal under which the UAW for
the first time agreed to cooperate in an intensive program to cut labor
costs at the factory. Workers will participate in one-week cost-cutting
workshops, modeled on a program launched elsewhere at GM by Smith's fiery
vice president for world-wide purchasing, J. Ignacio Lopez de Arriortua.
Some analysts speculated yesterday that the Anderson agreement could
serve as a model for efforts to cut costs at other GM plants.
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120253
SUBJ: Bonn Contemplates -3: EC Core Seen Going For Own Union
"I think the main effect of non-ratification by
Britain would be a disaster for Britain," said Werner
Hoyer, the FDP's parliamentary whip. "I am quite sure the
core of the EC would still develop into a European union. I
also am quite sure that a couple of very important nations
that are presently not EC member nations would participate
then."
Under this idea, the EC core, defined by Hoyer as its
original members - Germany, France, the Benelux countries
and Italy - would forge a union that might also include
Scandinavian nations, Austria and maybe even Switzerland.
"I can see interesting options there, but no matter
how nice they might look, they are only second-best
solutions" to ratifying Maastricht, Hoyer said.
Still unexplained is how Italy's beleaguered economy
would stand up to the stiff competition of its northern
neighbors in a future European union or how EC membership
for Scandinavia, Switzerland and Austria would lead almost
immediately to a deeper union with only some EC members.
Also unsaid is that the Scandinavian countries and
Switzerland would likely have to make these decisions based
on public referenda. In light of the narrow French vote in
favor of Maastricht and the Danish vote to reject, there is
no guarantee Swiss or Scandinavian voters would be more
amenable.
"My impression is that they (the government) don't
have an answer yet" to what comes next if Maastricht fails,
Thies said.
- - 0253EDT
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Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CHATTEM INC. Stock
ISSUER: CHATTEM INC.
SYMBOL: CHTT
FILER: JOLLY CHARLES
TITLE: Officer and director.
SOLD: 9/16/92 10,000 28.00
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120057
SUBJ: Japan Insolvencies -4: Labor-Related Failures Decline
Teikoku Data Bank said bubble insolvencies in September came to 116
cases, up 15% from 101 cases the year before.
But the 577 cases of 'recession' insolvencies due to weak demand were up
a sharp 88% from 307 cases the year before. At 50.4% of total
insolvencies, the weight of weak demand in September's numbers was far
above the 36.3% figure for the year before.
The number of insolvencies tied to tight labor conditions dropped to 31
cases, down 34% from 47 cases the year before. September's total was down
from 35 in August, 37 in July and 40 in June, reflecting an easing of
tight labor market conditions as Japan's economic slowdown has dragged on.
Teikoku Data said the 7,522-employee total at insolvent companies in
September was 28% up from the year before.
- - 0458GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120059
SUBJ: Denmark's A.P. Moller Not Taking Singapore's FELS Rig
SINGAPORE -(AP-DJ)--Far East Levingston Shipbuilding Ltd. (FELS)'s
confidence to sell or lease out the drilling rig not yet taken by
Denmark's A.P. Moller isn't shared by market players.
At the close of the morning trading session at 0430 GMT, FELS, which
gained 2 cents Tuesday, lost 8 cents to 2.69 SGPR dlrs on 208,000 shares
after falling steadily all morning. Its 1994 warrants are down 6 cents to
41.5 cents on 533,000 shares.
Although marine analysts have declined to put a floor on FELS' price, one
analyst from a U.K. brokerage said: 'The market won't read the news well.'
FELS traded as high as 6.70 SGPR dlrs earlier this year, and all the way
down to 1.76 SGPR dlrs more recently. One institutional dealer noted that
the only reason it hasn't fallen further was because, like other marine
stocks, FELS had already faced heavy selling earlier in the year.
FELS said in a late statement Tuesday that A.P. Moller served notice to
FELS on Oct. 12 that it had decided to rescind the contract, and not take
delivery of the rig which FELS presented to the shipping, industrial and
oil exploration group on Oct. 10.
The rig is one of two which FELS is building for A.P. Moller. The second
is due to be delivered at the end of this year under a separate contract.
- - 0500GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: Dow Jones News Service Good Morning:Copyright 1992 DJ
New York,Wednesday, Oct. 14, 1992
Dow Jones News Service
Copyright 1992 Dow Jones & Company, Inc.
All Rights Reserved
Dow Jones News Service is a registered
service mark of Dow Jones & Company, Inc.
For subscription information
please call 1-800-223-2274
In NY State 212-416-2420; Canada 416-364-8723
7:30 AM
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120254
SUBJ: Bonn Contemplates -4: Officials Act To Soothe Public
"There has been deep uncertainty since the close
outcome of the French referendum," Thies added. "Since they
don't know what to do, they are continuing to say what they
have always said."
Although the German government is trying to maintain a
united front in support of Maastricht, some of its actions
belie the doubts that are swelling to the surface.
Most significantly, it promised the parliament last
Thursday that it wouldn't proceed with the full currency
union without parliamentary approval. The Maastricht Treaty
itself makes no provision for this step.
While government officials have repeatedly denied
publicly that the vote is effectively a German "opt-out"
clause, they also refuse to discuss the consequences of a
"no" vote by parliament.
"I couldn't imagine parliament not approving the entry
of Germany into monetary union if the criteria laid down in
Maastricht are strictly met," said a finance ministry
spokesman said.
Also last Thursday, Finance Minister Theo Waigel
created a furor when he said the single European currency
envisioned by Maastricht wouldn't be the European Currency
Unit (ECU) but a Euro-mark. This raised fears that Germany
was outlining a smaller currency union than the one planned
at Maastricht.
Politicians have since said that Waigel's statements
were meant only for domestic consumption and to reassure
German citizens that the European currency would be at
least as stable as the Deutsche mark.
"These are all things that are said in order to soothe
the national public," Irmer said.
-0- 0254EDT
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Business Wire
Business Wire
Accession: 000000000000, Page:
SOURCE: RelWire
DATE: 199404120744
SUBJ: ADVANCE/Sen. Glenn Outlines Positions on Energy, Environmental
Issues
During the past several years I have authored amendments to the
DOD Authorization bill and the Energy and Water Appropriations bill
which have increased funding for E, S&H issues.
One of the first issues I focused on when I entered the Senate
was the problem of radioactive waste management. As past chairman
of the Senate Subcommittee on Energy, Nuclear Proliferation, and
Federal Services, I conducted numerous hearings on this problem and
introduced legislation, parts of which were ultimately incorporated
in the Nuclear Waste Policy Act passed by Congress in 1982. As
chairman of the Senate Committee on Governmental Affairs, my concern
for this issue has not wavered.
In 1985, I supported the Low-Level Radioactive Waste Policy
Amendments Act which governs the ongoing disposal of low-level
radioactive wastes. This law delegates primary responsibility to
the states and provides a framework for construction of additional
low-level waste repositories. The states lobbied vigorously for
this authority, believing that they were best-suited for determining
where and how to site these facilities.
I will do my utmost to ensure that the people of Ohio, and the
rest of the country, are well-protected from any hazards posed by
any low-level waste disposal site. I am enclosing a summary
statement of a General Accounting Office (GAO) report done at my
request which addresses the low-level radioactive waste issue. If
you would like a copy of the full GAAO study, please contact the
Governmental Affairs Committee at 340 Dirksen Senate Office
Building, Washington, D.C. 20510.
I cite my work in these areas to make clear that my interest in
and knowledge of nuclear matters goes beyond the headlines. I have
attempted, during my time in the Senate, to craft workable solutions
to the many vexing dilemmas that nuclear power and the nuclear arms
race pose for our society.
10. Do you support the authority of state governments to:
A. Protect their citizens from radiation and other toxic
emissions with stricter than federal laws and regulations?
YES
B. Veto the relicensing of nuclear power plants for safety or
economic reasons, after their 40 year operating license
has expired?
SEE COMMENT
C. Set and enforce stricter than federal standards for the
transportation of radioactive waste across state borders?
YES
The Office of Technology Assessment is currently undertaking
a study at my request to examine the technical issues
relating to attaining and extending the design life of
commercial nuclear power plants.
11. Do you support the adoption and funding of a federal
transportation policy committed to the development of high speed
rail, light rail, bikeways and other environmentally sound mass
transit systems?
YES
I recently voted for the Intermodal Surface Transportation
Efficiency Act (ISTEA) which, for the first time, provides
states with the flexibility to use federal highway funds for
transit, rail, and other transportation projects, rather than
using these funds exclusively for road construction and
maintenance.
12. Do you favor a ban on off shore oil drilling in environmentally
sensitive areas?
YES
13. Do you support protecting the rights of citizen groups to
gather information from and protect the identity of whistleblowers?
NO
People who have the courage and integrity to report instances
of misconduct, waste or criminal activity in government should
be protected to the best of our ability. However, it appears
that this question refers to whistleblowers who are federal
employees. Due in part to legislation sponsored by me, there
are currently Inspectors General (IG's) in place in 60
government offices. They routinely gather information from
whistleblowers, and are required by law to protect
whistleblower identities. The IG offices are staffed with
trained investigators and auditors. I believe they are
uniquely and best qualified to gather and protect the
information and identity of aa whistleblower. I do not believe
that citizen groups have the means at their disposal that IG's
do.
14. Do you support the United States signing the global
biodiversity treaty, and taking a leading role in reaching
international agreements and proposing initiatives to restore and
protect the global environment?
YES
End of questionnaire. Thank you for your cooperation.
CONTACT: Communications Consortium
Phil Sparks, 202/682-1270
10:00 ET OCT 13, 1992
NNNN
===EOD===
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Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBB
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120255
SUBJ: *French Central Banker Hopes German Rates Can Come Down
- - 0255EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CLEAN HARBORS INC. Stock
ISSUER: CLEAN HARBORS INC.
SYMBOL: CLHB
FILER: BELL CHRISTY W
TITLE: Director.
SOLD: 9/30/92 5,000 11.50
OWNERSHIP: 62,352 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys CAMBRIDGE NEUROSCIENCE INC Stock
ISSUER: CAMBRIDGE NEUROSCIENCE INC.
SYMBOL: CNSI
FILER: WARBURG PINCUS CAPITAL PRTNRS LP
TITLE: Director and beneficial owner.
PURCHASED: 9/18/92 51,000 5.25
OWNERSHIP: 2,497,929 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:05
NNNN
===EOD===
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Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120102
SUBJ: Taiwan Closing Stock Prices
Wednesday previous
Acer 15.8 15.8
Asia Cement 55.5 55
Cathay Construction 49.6 49.1
Cathay Life Insurance 119.5 119
China Steel 17.3 17.2
China Synthetic Rubber 39.3 38.6
Evergreen Marine 31.5 31
Far Eastern Textile 32.9 32.5
Formosa Plastics 36.6 36.2
Hua Nan Commercial Bank 77.5 78
Int'l Comm. Bank of China 49.6 49.3
Int'l Bills Finance 51 50
Microelectronics Tech. 63.5 62
Microtek International 30 29.5
Nan Ya Plastics 39.4 39
President Enterprise 46.3 45.6
Taipei Business Bank 65 65
Taiwan Cement 50 50
Teco Electric & Machinery 52.5 52
United Microelectronics 34.1 33.3
Wei Chuan Food 30.4 30.2
Yuen Foong Yu Paper Mfg. 31.2 31.1
-0- 0502GMT
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===EOD===
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Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Japan Sept. Trade Surplus $12.07B Vs Yr-Ago $9.66 Bln
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
HOT
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJ
aaaaa bbbbb
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===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120107
SUBJ: Taipei Shares-2: New Index Low May Follow Low Turnover
Tu Jin-lung, assistant trading manager at Grand Cathay Securities Corp.,
said Wednesday's index climbed after Tuesday's trading failed to break
below 3559 points, a recent intraday low set on October 7 and a new
support level.
He noted that most participants were cautious in entering the market
Wednesday, and since the index opened higher, institutional investors
didn't buy shares as they had done in previous sessions.
According to previous experience, Tu pointed out, the index is very
likely to reach a new recent low in the next few sessions after hitting
new record-low turnover value, And after that, a rebound is expected, he
added.
For Thursday, he predicted the index will range-trade between 3600 and
3700 points.
Among the heavily traded shares, Hualon-Teijran added 0.2 NT dlr to 24.8
NT dlrs, United Microelectronics rose 0.8 NT dlr to 34.1 NT dlrs, and UTD
Ceramics gained 3.5 NT dlrs to 60.5 NT dlrs.
-0- 0507GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120107
SUBJ: Singapore's FELS -2: No Effect On Financial Position
The non-delivery of the rig isn't expected to have any adverse effect on
FELS' financial position, a FELS spokeswoman said.
She said the company 'is so confident that other parties can take the rig
it wasn't taking any legal action against A.P. Moller. FELS has been in
negotiations with several parties to either sell or lease the rig 'even
before this happened,' she said. Additionally, it is already accepted that
the rigs will not contribute to FELS' profits for the year ending Dec. 31,
1992.
FELS' contract with A.P. Moller provides for an escape clause between
both parties with no liabilities attached, the spokeswoman said.
The contracts are worth 110 million U.S. dollars or around 175 million
Singapore dollars each, but the value of the rigs is quoted as 250 million
Singapore dollars each. An analyst with a U.K. brokerage said the
difference went to material costs which A.P. Moller had to provide.
No reason was given for the rescission, but FELS managing director Choo
Chiau Beng said: 'This rig has been built to the most exacting standards
and today the rig is worth more than its contracted value. FELS has
therefore decided to accept A.P. Moller's rescission of the contract as we
are confident that the rig can be put to good use soon.'
- - 0508GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120108
SUBJ: Japan Insolvencies-5: Insolvencies By Industrial Sector
A table by major industrial sector of the number of insolvencies in
September compared to the year before and to August follows:
Industry Sept/92 Sept/91 Change On Yr Aug/92
Real Estate 100 89 +12 102
Construction 235 174 +35 209
Service 119 82 +45 131
Retail 182 176 + 3.4 185
Wholesale 257 175 +44 261
Manufacturing 198 107 +85 198
-0- 0509GMT
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===EOD===
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120113
SUBJ: Dlr Softens From Late Singapore Levels In Thin HK Trade
HONG KONG -(AP-DJ)--The dollar is slightly lower in light HK trading
around midday Wednesday in Hong Kong, compared with its late morning
levels in Singapore.
Around 0502 GMT, the U.S. unit was quoted at 120.97 yen, down from 121.14
yen in Singapore around 0335 GMT and from 121.10 yen late Tuesday in New
York.
It was also at 1.4626 Deutsche marks, off from 1.4640 marks in Singapore
and from 1.4640 marks in New York. Sterling was at 1.7140 dlrs, unchanged
from Singapore and down from 1.7160 dlrs late in New York.
A dealer at a local bank said the dollar continues to edge down this
morning as investors focus on the sluggish U.S. economy and prospects of a
slow recovery.
He said many participants also stay sidelined ahead of release at later
Wednesday of a spate of US economic data including the widely watched
September retail sales.
The dealer expects the dollar to remain below 1.4800 marks and hold to a
range of 120.70-121.20 yen over the course of the local trading day.
On local currency markets, the U.S. dollar was quoted at 7.7328 HK
dlrs,up from 7.7325 HK dlrs around the same time Wednesday. The interest
rate on overnight Hong Kong-dollar lending rose to an offered rate of
2.50% from Tuesday's 2.3750%.
-0- 0514GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
HOT
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Greenspan Says U.S. Economic Growth Moderate; Still Growing
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
HOT
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Greenspan Says Dramatic Rise In US Econ Growth Not Feasible
7:30 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120257
SUBJ: Japan's Trade Surplus-3: Imports Up 8.6% From Year Ago
In September, overall exports, as measured when goods
passed through customs, rose 14% to $31.60 billion from
$27.65 billion, for the 28th consecutive month of gain from
the year-earlier level.
Japan's overall customs-cleared imports came to $19.53
billion, up 8.6% from $17.99 billion a year earlier. In
August, imports fell on year for the first time in four
months.
The September unadjusted surplus was up 71% from the
August unadjusted surplus, while exports were 21% and
imports were up 2.4%. For August the surplus was $7.07
billion, up 24% from $5.70 billion a year before. Exports in
August were $26.14 billion, up 5.4%. Imports that month came
to $19.07 billion, down 0.2%. The Finance Ministry revised
the August surplus to smaller than the 7.50 billion yen that
it initially reported. The ministry originally reported
exports at $26.53 billion and imports $19.02 billion for
August.
- - 0256EDT
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Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120258
SUBJ: Australian Shares Close Softer On Directionless Trading
SYDNEY -(AP-DJ)--Australian stocks drifted to a softer
close Wednesday after directionless trading kept the main
share index within a five-point range.
The All-Ordinaries index closed down 3.2 points at
1,453.8.
The index, which started at 1,651.4, is almost back at
its 18-month closing low of 1,452.4, achieved Oct. 6.
The index drifted for most of the day, with weaker
prices for some metals and a drop in the gold price
responsible for a drift down in some resource stocks.
Trading was directionless despite stronger
performances on international markets Tuesday. Data showing
an 8.3% growth in the volume of new Australian housing
approvals for August failed to move the market, traders
said.
Chris Kincaid, an institutional trader for brokerage
BOS Stockbroking Ltd. said "investors were unprepared to
commit themselves and take a position in the present
uncertain climate. He cited the U.S. presidential election
and the possibility of further monetary easings in the U.S.
and Germany as generating much of the uncertainty on
financial markets.
Turnover on Australian markets totaled 112 million shares
valued around $193 million Australian, compared with
Tuesday's 111 million shares valued around A$207 million.
Falls outnumbered rises 152 to 139.
On the Sydney Futures Exchange, the December share
price index futures contract fell to 1,446.0 from 1,457.0
Tuesday.
-0- 0258EDT
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Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys CRAWFORD & CO. CL A Stock
ISSUER: CRAWFORD & CO. CL A
SYMBOL: CRDB
FILER: DENNING RICHARD F
TITLE: Shareholder.
PURCHASED: 9/11/92 850 18.25
OWNERSHIP: 1,600 Indirect Common Class I
COMMENT: Open Market Purchase
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120114
SUBJ: *Japan Ruling Party Powerbroker Kanemaru Quits Parliament: Kyodo
Reports
- - 0514GMT
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120115
SUBJ: Dlr Softens From Late Singapore Levels In Thin HK Trade
HONG KONG -(AP-DJ)--The dollar is slightly lower in light HK trading
around midday Wednesday in Hong Kong, compared with its late morning
levels in Singapore.
Around 0502 GMT, the U.S. unit was quoted at 120.97 yen, down from 121.14
yen in Singapore around 0335 GMT and from 121.10 yen late Tuesday in New
York.
It was also at 1.4626 Deutsche marks, off from 1.4640 marks in Singapore
and from 1.4640 marks in New York. Sterling was at 1.7140 dlrs, unchanged
from Singapore and down from 1.7160 dlrs late in New York.
A dealer at a local bank said the dollar continues to edge down this
morning as investors focus on the sluggish U.S. economy and prospects of a
slow recovery.
He said many participants also stay sidelined ahead of release at later
Wednesday of a spate of US economic data including the widely watched
September retail sales.
The dealer expects the dollar to remain below 1.4800 marks and hold to a
range of 120.70-121.20 yen over the course of the local trading day.
On local currency markets, the U.S. dollar was quoted at 7.7328 HK
dlrs,up from 7.7325 HK dlrs around the same time Wednesday. The interest
rate on overnight Hong Kong-dollar lending rose to an offered rate of
2.50% from Tuesday's 2.3750%.
-0- 0515GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Tokyo Stocks End Mixed; Nikkei Index Down 0.84%
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *U.S. Stocks Lower In Europe; Japanese Stocks Steady
7:30 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120300
SUBJ: *Bundesbank Casts Doubt On Jan. 1, 1993 Deadline For Ratification Of
Maastricht Treaty By Separate EC Nations
- - 0300EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120300
SUBJ: *Bundesbank Says Conditions For ERM Stability "Have Substantially
Improved"
- - 0300EDT
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===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CISCO SYSTEMS INC. Stock
ISSUER: CISCO SYSTEMS INC.
SYMBOL: CSCO
FILER: VALENTINE DONALD T
TITLE: Director.
SOLD: 9/25/92 5,000 56.00
OWNERSHIP: 39,000 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:05
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===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Petroleum Wire
DJ International News Petroleum Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120115
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII J
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbb
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *London Morning Gold Fixing $343.30 An Ounce, Down 45c
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Media Vision Files 2 Mln Initial Shares
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120730
SUBJ: *Park Ohio Corp. 3Q Net $1.26 A Shr Vs $1.11 >PARK
7:30 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120300
SUBJ: *Bundesbank Hopes ERM Stability Means Spain, Portugal and Ireland Can
Soon Remove Limitations On Capital Flows
- - 0300EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120300
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJ
aaaaa bbbbb c
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys COUNTRYWIDE MORTGAGE INVES Stock
ISSUER: COUNTRYWIDE MORTGAGE INVESTMENTS INC.
SYMBOL: CWM
FILER: MOZILO ANGELO R
TITLE: Officer and director.
PURCHASED: 9/14/92 296 5.03
OWNERSHIP: 23,093 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 180 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120119
SUBJ: Singapore's FELS -3: Rig Built Specifically For North Sea
Marine analysts speculated Wednesday though that FELS would probably have
to take a loss given the current soft demand for such equipment.
The head of research of a U.S. broking firm pointed out that with the
price of crude oil staying around the 20-21 dollars a barrel mark, oil
exploration activities are likely to remain depressed.
'Global utilisation of rigs is very low at the moment, and it isn't
likely to improve in the short term,' the analyst said.
The rig, a harsh-environment jack-up drilling unit used mainly for oil
exploration, is also built specifically for rough conditions in the North
Sea. 'FELS will have to find a North Sea operator for the rig. Otherwise,
it will have to quote ridiculously low figures for regional use,' another
analyst said.
It is likely that should FELS fail to find a buyer, the rig would be be
kept as an asset. 'This means that FELS' cash will be tied up and cash
flow will be reduced,' the analyst from the U.K. brokerage said.
The A.P. Moller contracts were two of FELS bigger jobs, seen by some
analysts as second to the current one for the Brazilian national oil
company, Petrobras. The share which FELS, which is building a production
platform together with the Brazilian national engineering company,
Tenenge, will get from Petrobras amounts to around 262 million SGPR dlrs.
FELS is expected to complete the job by end-1993.
FELS was hit hard earlier this year when Petrobras decided to postpone
indefinitely the building of the second phase of its facility. The
shipyard, which expanded into oil facility building, had been widely
expected to get the second contract.
- - 0519GMT
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120121
SUBJ: Australia's Button/Campbell Bid -2: Lauds Foreign Owners
Arnotts shares are at 9.16 AUS dlrs in afternoon trading on the stock
exchange Wednesday, up 1 cent from Tuesday's close. The stock was at 8.00
AUS dlrs before the bid was announced.
Answering questions in parliament, Button said he didn't want to comment
on the merits of the Campbell bid for Arnotts, saying that is a matter for
shareholders.
The bid is subject to approval by Australia's foreign investment
regulator, the Foreign Investment Review Board, he noted.
But Button observed that a large proportion of Australian industry is
already foreign-owned.
'Ten years ago, the issue of foreign ownership simply meant that many
Australian companies, subsidiaries of foreign companies, operated with a
branch-office mentality,' Button said.
But those companies no longer have that attitude and are 'significant
contributors to exports from Australia,' he said.
Arnotts 'has been a successful company in the domestic market...whether
it becomes a successful company internationally may depend on some of the
factors I have alluded to,' Button said.
-0- 0521GMT
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===EOD===
ZCZC
Product: BT, Service: CO
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Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: *Time Magazine Files Suit To Stop Bush-Quayle Ad
7:30 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
aaaaa bbbbb
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CITY NATIONAL CORP. Stock
ISSUER: CITY NATIONAL CORP.
SYMBOL: CYN
FILER: LUSHING GERALD M
TITLE: Director.
SOLD: 9/2-24/92 41,200 6.75-7.25
OWNERSHIP: 61,183 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CYTEL CORP. Stock
ISSUER: CYTEL CORP.
SYMBOL: CYTL
FILER: CROOKE STANLEY T
TITLE: President.
SOLD: 9/29/92 3,000 8.25
OWNERSHIP: 4,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Sells CYTEL CORP. Stock
ISSUER: CYTEL CORP.
SYMBOL: CYTL
FILER: KRANZLER JAY D
TITLE: President.
SOLD: 9/9-11/92 5,000 8.75-8.88
OWNERSHIP: 256,093 Direct Common
COMMENT: Open Market Sale
10/14/92 03:05
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DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120125
SUBJ: N.Z. Shares End Mixed On Moderate Trading;Index Near Level
WELLINGTON -(AP-DJ)--New Zealand equities ended mixed in moderate
activity Wednesday, with local brokers saying the market is expected to
ease Thursday.
The market Wednesday began the trading session in an 'upward mood' helped
by foreign orders, but later the early overseas support faded away, said
Paul Davenport of brokerage Doyle Paterson Brown Ltd.
Many local institutions appear to be engaging in little trading on the
exchange while they wait for overseas financial markets to settle,
believes Davenport.
The NZSE-40 index, was down 0.54 points at 1,390.63 from Tuesday's close.
The index rose 1.1% Tuesday.
Turnover was 11.2 million shares valued at 19.6 million New Zealand
dollars, compared with Tuesday's 17.1 million shares valued at 27.4
million NZ dlrs.
Rises outnumbered falls 29 to 19.
The December share-index futures contract closed lower at 1,400, from
1,410 Tuesday.
Davenport predicts the market will trade 'moderately lower' Thursday,
assuming overseas bourses are steady.
- - 0525GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: *Linear Technology Starts Regular Qtr Div Plan With 5c Div
7:30 AM
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: *Japan Sept. Trade Surplus $12.07B Vs Yr-Ago $9.66 Bln
7:30 AM
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DATE: 199404120302
SUBJ: Bundesbank Casts Doubt -2: No Comment On Ramifications
FRANKFURT -(AP-DJ)--The Deutsche Bundesbank cast doubt
on whether European Community (EC) members will meet
their timetable for ratifying the Maastricht treaty.
Under the terms of the treaty on European political,
economic and monetary union, the 12 EC nations are to
adopt it by Jan. 1, 1993.
"It remains to be seen when this ratification process
will be completed and whether the Jan. 1, 1993 deadline
can be met for the treaty to take effect," the Bundesbank
wrote in its October monthly report.
The one-sentence statement on Maastricht was included
as the final sentence in a special eight-page chapter
entitled "Europe on the Way to a Common Market." The
chapter, which didn't directly deal with Maastricht
issues until the conclusion, didn't elaborate on the
reasons for the possible delay.
The Maastricht treaty has been ratified by parliaments
or referenda in France, Greece, Luxembourg and Ireland.
Parliaments in seven other EC members are expected to vote
on the treaty by the end of the year.
In the twelfth country, Danish voters rejected the
treaty in a June 2 referendum. Their government has said
it may hold a second referendum in mid-1993 if some
aspects of the treaty are clarified.
The Bundesbank didn't comment on whether the
ratification delays would lead to other complications.
- - 0301EDT
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DATE: 199404120516
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys COORDINATED MEDICAL SERVIC Stock
ISSUER: COORDINATED MEDICAL SERVICES OF NC INC. CL A
SYMBOL: N/A
FILER: BENOIT KEITH G
TITLE: Officer.
PURCHASED: 9/21/92 100 16.00
OWNERSHIP: 596 Direct Common Class D
COMMENT: Open Market Purchase
10/14/92 03:05
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys LANNETT CO. Stock
ISSUER: LANNETT CO.
SYMBOL: LAN
FILER: FARBER DAVID
TITLE: Director.
PURCHASED: 6/16/92-9/24/92 445 7.00-12.50
OWNERSHIP: 11,445 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:05
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DJ International News Economic Wire
DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120130
SUBJ: Singapore's FELS -4: Industry Prospects Bearish
The future for this industry is seen extremely bearish, some analysts
said, with orders for both ship repair and rig building being scaled back
everywhere.
For the past five years, analysts reckoned profit margins for rig
building hovering at around 4%-5%. 'Today, that's even smaller,' one
analyst said, adding that even had A.P. Moller taken possession of the
rig, FELS could still have made a loss.
'Building the rigs at little or no profit helped FELS to cover
overheads,' the analyst said.
In the mid-1980s, when Singapore was undergoing a recession, FELS took
the initiative to build a rig without an order from a buyer. At the end of
1985, it managed to sell it off, analysts said.
'It might still do the same with the Moller rig,' the analyst from
another U.K. brokerage said.
Keppel Corp. is the largest shareholder with a more than 51% stake.
-0- 0531GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
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SOURCE: DowNews
DATE: 199404120731
SUBJ: *Sweden's Riksbank Cuts Key Lending Rate To 15.5%
7:30 AM
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DATE: 199404120302
SUBJ: Bundesbank Casts Doubt -3:Forex Differences More Apparent
Under the treaty, the next stage of European monetary
union begins Jan. 1, 1994. Early in that phase, EC
members will found a European Monetary Institute, a
forerunner to a European central bank, that will
coordinate national monetary policies but won't issue
money or have monetary authority.
In the final stage of monetary union, which can start
as early as 1997 but no later than 1999, countries which
meet tough economic targets would irrevocably fix their
exchange rates and eventually trade in their currencies
for a single currency.
The Bundesbank's chapter on Europe focused mainly on
the establishment of a single European market, a parallel
endeavor which also is to take effect Jan. 1, 1993.
As those deadlines loom, the differences in the
economies have become more apparent, it said. "In a
single borderless market, the exchange-rate uncertainties
that still persist will come more clearly to light."
- - 0302EDT
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DATE: 199404120303
SUBJ: Bundesbank Casts Doubt -4: Realignments Option To The End
But exchange rates in Europe's exchange rate mechanism
(ERM) should calm down after the recent calamities, the
Bundesbank wrote. "With both exchange rate adjustments on
Sept. 13 (when the lira was devalued) and Sept. 17 (when the
peseta was devalued) and the suspension of the exchange rate
of the British pound and the lira, the conditions should
have substantially improved for a stable exchange rate
structure between the EMS currencies. It is therefore hoped
that the limitation on capital flows (by Spain, Portugal and
Ireland) can soon once again be removed."
On Sept. 23, the Bank of Spain introduced emergency
capital controls in an effort to shield the peseta from
heavy selling. But on Oct. 5, it lifted the capital
restrictions for residents but toughened them for
non-residents.
On the following day, Portugal and Ireland introduced
measures that diminished trading volumes in their currencies
and braked the heavy selling.
The Bundesbank also repeated its stance that EC nations
should employ the opportunity to change ERM parities "up to
the point of entry" into the final stage of monetary union
when exchange rates are fixed irrevocably.
-0- 0303EDT
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys LANNETT CO. Stock
ISSUER: LANNETT CO.
SYMBOL: LAN
FILER: FARBER DAVID
TITLE: Director.
PURCHASED: 5/1/92-9/1/92 300 11.25-11.75
OWNERSHIP: 498 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120133
SUBJ: Japan Powerbroker Kanemaru -2: Political Fallout Unknown
TOKYO -(AP-DJ)--Shin Kanemaru formally announced his intention to resign
from parliament at a meeting of the ruling Liberal Democratic Party's
(LDP) largest faction, the Takeshita faction, Kyodo News Service and Nihon
Hoso Kyokai (NHK) reported Wednesday.
Kanemaru's resignation comes in the face of growing criticism from both
the public and LDP members after he was let off with a light fine for
accepting an illegal 500-million-yen political donation.
Kanemaru was widely considered the most influential politician in the
LDP, eclipsing even former Prime Minister Noboru Takeshita, the ostensible
leader of the Takeshita faction. Kanemaru's support is widely believed to
be the key factor that enabled the present prime minister, Kiichi
Miyazawa, to get office.
There is concern that Kanemaru's resignation will lead to the break up of
the Takeshita faction, with unknown consequences for the political balance
of power in the ruling party.
-0- 0534GMT
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120136
SUBJ: ALL SUBSCRIBERS: In the item 'Denmark's A.P. Moller Not Taking
Singapore's FELS Rig' which ran around 0459 GMT,
please correct the first paragraph to read 'Far East Levingston
Shipbuilding Ltd. (FELS)'s confidence to sell or lease out the drilling
rig not taken by Denmark's A.P. Moller isn't shared by market players.'
(taking out the 'yet' to better convey the meaning of the story.)
-0- 0537GMT
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DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120139
SUBJ: Hot Headlines: Greenspan Optimistic On Stable Prices
Greenspan Is Optimistic On Achieving Stable Prices Greenspan Says Declining Inflation Indirectly Hurting Banks
Miyazawa, Greenspan Discuss Forex, Including Euro: Aide
Dollar In Tokyo Higher; Pound Softens On Newspaper Report
UK Still Mulls Big, Early Base Rate Cut: London Times
Australian Housing Finance Approval Numbers Rose 8.3% In August, Value Rose 12.9%
Tokyo Stocks End AM Session Higher; Nikkei Up 44.03
Japan Debt Firmer On Easing Hopes; Investors On Sidelines
Quayle, Gore Debate Over Leadership, Abortion, Economy
-0- 0540GMT
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DATE: 199404120304
SUBJ: German Govt -2: Raised Gross DM12 Bln Bonds In September
FRANKFURT -(AP-DJ)--The German government borrowed a
net 15.11 billion Deutsche marks in the first nine months
of 1992, the Deutsche Bundesbank writes in its October
monthly report.
That's some three billion marks above Bonn's cash
deficit for that period and allowed the government to add
that surplus to its cash reserves, the bank reports.
The territorial governments markedly stepped up their
borrowing activities in September. The federal government
restricted its borrowing activities to tap sales which
met with strong buying interest amid September's hefty
bond market rally. Bonn raised a gross 12 billion marks
that way in September; after redemptions, that left a net
5 billion marks, the bank said. The German Unity Fund
raised 3.5 billion marks in September.
The territorial governments include federal, state
and local governments as well as the Unity Fund, the ERP
Special Fund and the Debt Liquidation Fund.
In August, territorial governments had borrowed some
4.5 billion marks. Although Bonn raised some 7.5 billion
marks through the issue of four-year Treasury bills, most
of that was erased by heavy redemptions. The federal
states were the biggest borrowers in August, raising 2.5
billion marks. Municipalities borrowed about 1 billion
marks that month while the Unity Fund and the ERP Special
Fund borrowed some 500 million marks each.
Other public-sector borrowers tapped the market
heavily in August. The German postal authority Bundespost
issued 5 billion marks of bonds and the Treuhandanstalt
raised some 2 billion marks. Meanwhile, the railway
agencies reduced their indebtedness slightly in August.
- - 0304EDT
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DATE: 199404120305
SUBJ: German Govt -3: Breakdown Of Bonn's Indebtedness
The Bundesbank provided the following preliminary
breakdown on net changes in the Bonn government's
indebtedness over the first nine months of the year, in
billions of marks:
Sept. Jan-Sept.
Zero-cpn bills (U-Schaetze) -- --
Treasury notes (Finanzierungsschaetze) up0.49 up4.02
Treasury bills (Bundesschatzanweisungen) dn0.28 up4.71
Five-year notes (Bundesobligationen) up6.74 up18.59
Fed. savings bonds (Bundesschatzbriefe) up0.01 up0.69
Bonds (Anleihen) up0.34 up2.13
Bank loans (includes Schuldscheine) dn2.45 dn13.77
Loans from social insurance funds -- up0.07
Loans from other non-banks -- dn1.20
Miscellaneous -- dn0.12
Total up4.85 up15.11
-0- 0305EDT
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SOURCE: FedFil
DATE: 199404120516
SUBJ: Insider Buys WEST SUBURBAN BANCORP INC. Stock
ISSUER: WEST SUBURBAN BANCORP INC.
SYMBOL: N/A
FILER: WEST SUBURBAN BK STK BONUS TR
TITLE: Beneficial owner.
PURCHASED: 9/15/92 1,262 199.46
OWNERSHIP: 51,426 Direct Common Class D
COMMENT: Open Market Purchase
10/14/92 03:06
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DATE: 199404120306
SUBJ: *London Opening Gold At $344.35
-0- 0305EDT
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DATE: 199404120306
SUBJ: Dollar Interbank Foreign Exchange Rates In Europe
Pound 1.7110-20
Deutsche marks 1.4660-70
Swiss francs 1.3085-95
French francs 4.9760-90
Yen 121.25-.35
Lira 1295.0-1300.0
Cda 1.2390-.2400
Guilder 1.6500-10
-0- 0305EDT
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DATE: 199404120516
SUBJ: Insider Sells DATA SWITCH CORP. Stock
ISSUER: DATA SWITCH CORP.
SYMBOL: DASW
FILER: GILBERTSON ROBERT G
TITLE: President.
SOLD: 9/9-17/92 20,000 1.50
OWNERSHIP: 307,283 Direct Common
COMMENT: Open Market Sale
10/14/92 03:06
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys DELCHAMPS INC. Stock
ISSUER: DELCHAMPS INC.
SYMBOL: DLCH
FILER: LEWIS JESSE A
TITLE: Director.
PURCHASED: 9/14/92 1,000 19.00
OWNERSHIP: 1,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DATE: 199404120517
SUBJ: Insider Sells DELAWARE OTSEGO CORP. Stock
ISSUER: DELAWARE OTSEGO CORP.
SYMBOL: DOCP
FILER: SENCHYSHYN JOSEPH G
TITLE: Officer.
SOLD: 9/23/92 750 8.50
OWNERSHIP: 722 Direct Common
COMMENT: Open Market Sale
10/14/92 03:06
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DATE: 199404120517
SUBJ: Insider Buys ECOLOGY & ENVIRONMENT INC. Stock
ISSUER: ECOLOGY & ENVIRONMENT INC. CL A
SYMBOL: EEI
FILER: CELLINO ROSS M
TITLE: Director.
PURCHASED: 9/28/92 200 11.38
OWNERSHIP: 10,801 Indirect Common Class I
COMMENT: Open Market Purchase
10/14/92 03:06
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells ENHANCED IMAGING TECHNOLOG Stock
ISSUER: ENHANCED IMAGING TECHNOLOGIES INC.
SYMBOL: EITI
FILER: STOEBER DALE E
TITLE: Officer and director.
SOLD: 9/11-15/92 17,000 8.00-9.00
OWNERSHIP: 1,941 Direct Common
COMMENT: Open Market Sale
10/14/92 03:06
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DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FF
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DJ International News Economic Wire
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SOURCE: DowInt
DATE: 199404120141
SUBJ: South Korea Will Offer 1.1 Bln In Loans To Poland, Hungary
SEOUL -(AP-DJ)--South Korea's Finance Ministry said Wednesday that it has
promised a combined 1.1 billion dlrs in loans to Hungary and Poland.
It said Korea has already disbursed 150 million dlrs of the 650 million
dollars it will send to Hungary and is discussing with the country for the
extension of a further 50 million dlrs from the South Korea Economic
Development Cooperation Funds.
The funds was created in 1987 to provide long-term and low-interest loans
to developing countries.
Among the 450 million dlrs Korea is to give Poland, 50 million dlrs will
come from the Economic Development Coopertion Funds and the remaining will
be made in the form of subsidies for Korean firms that invest or export in
Poland, said the ministry.
The ministry, reporting to the National Assembly, also said that, as of
the end of August, the former Soviet republics owe South Korea 6 million
dlrs for imports.
The ministry said it will urge Russia - which owes the majority of the
debt - to settle the sum through various diplomatic channels. The August
debt total was 3 million dlrs lower from April this year after Russia and
other republics paid down some debts.
-0- 0541GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
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SOURCE: DowNews
DATE: 199404120731
SUBJ: *Report Japan's Kanemaru Quits Parliament
7:30 AM
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Dow Jones News Service (DJNX, 'Broad Tape')
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SOURCE: DowNews
DATE: 199404120731
SUBJ: *Japan 1st Half Trade Surplus $52.46B Vs Yr-Ago $39.68 Bln
7:30 AM
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Dow Jones News Service (DJNX, 'Broad Tape')
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SOURCE: DowNews
DATE: 199404120731
SUBJ: *Delrina Corp. Sees 1Q Net Of 4c (Cdn) Vs Year-Ago Loss 2c
7:30 AM
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DATE: 199404120306
SUBJ: Australian Debt Mkts End Mostly Weaker; 3Yr Govts Yld 7.39%
SYDNEY -(AP-DJ)--Fading institutional interest coupled
with sporadic profit-taking left prices of Australian debt
instruments ending generally weaker Wednesday.
The economic data announced during the session didn't
help generate enthusiasm and traders say some market
participants were acting cautious ahead of Thursday's $700
million (Australian) treasury bond tender.
The short end of the bond market, in particular, "is
struggling," says one trader. "There's no fresh buying," he
adds.
September 1995 10 1/2% government bonds finished the day
at a yield of 7.39%, 10 basis points more than late Tuesday.
October 2002 10% government bonds yield 8.72%, six basis
points more on the day.
In the money market, 90-day bills were little changed at
a yield of 5.85%. Bank bill futures for December delivery
settled at 94.12, down 0.02 on the day.
The Bureau of Statistics said Wednesday that the number
of housing-finance approvals rose 8.3% in August from July
on a seasonally adjusted basis. The value of commitments
rose 12.9%.
The Reserve Bank of Australia announced early in the day
that credit supplied by intermediaries to the private sector
rose 0.4% in August from July but fell 1.5% in the 12 months
to August.
- - 0306EDT
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DATE: 199404120517
SUBJ: Insider Sells ENTERRA CORP. Stock
ISSUER: ENTERRA CORP.
SYMBOL: EN
FILER: DANIEL LEE
TITLE: Director.
SOLD: 9/29/92-10/1/92 5,000 19.00-19.25
OWNERSHIP: 24,750 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:06
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Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120146
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII J
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC
NNNN
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DJ International News Petroleum Wire
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SOURCE: DowInt
DATE: 199404120147
SUBJ: Japan Ruling Party Powerbroker Kanemaru Quits Parliament
TOKYO -(AP-DJ)--Shin Kanemaru formally announced his intention to resign
from parliament at a meeting of the ruling Liberal Democratic Party's
(LDP) largest faction, the Takeshita faction, Kyodo News Service and Nihon
Hoso Kyokai (NHK) reported Wednesday.
Kanemaru's resignation comes in the face of growing criticism from both
the public and LDP members after he was let off with a light fine for
accepting an illegal 500-million-yen political donation.
Kanemaru was widely considered the most influential politician in the
LDP, eclipsing even former Prime Minister Noboru Takeshita, the ostensible
leader of the Takeshita faction. Kanemaru's support is widely believed to
be the key factor that enabled the present prime minister, Kiichi
Miyazawa, to get office.
There is concern that Kanemaru's resignation will lead to the break up of
the Takeshita faction, with unknown consequences for the political balance
of power in the ruling party.
-0- 0547GMT
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SOURCE: DowInt
DATE: 199404120152
SUBJ: Australian Housing Minister -2: Sees Recovery Broadening
Later Wednesday, Howe told parliament that the recovery in the housing
industry is a pointer toward an improvement outlook for the Australian
economy as a whole.
'The government can rightly point to a sustained and substantial period
of growth' in housing, Howe said.
'The reality is that we have now had a significant recovery over five
quarters. We are now looking at a very significant recovery indeed,' he
said.
'Today's housing finance figures provide optimism the housing recovery is
starting to broaden. The current low mortgage interest rates, coupled with
competitive house pricing, is making it very attractive for people to
enter into home ownership,' Howe maintained.
'The housing recovery isn't just underway, it is now consolidating so
that we see in prospect a very very substantial achievement in the housing
industry,' he said.
'Housing is an important leading indicator, and that shows signs that
where there is confidence in the economy, then we will get very
significant growth,' Howe said.
The housing data 'indicates prospects for a broader recovery in the
economy as a whole,' he contended.
-0- 0552GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: Clinton, Gore Engage In Messy Debate As Perot's Man Watches
ATLANTA -DJ- With pointing fingers and insistent interruptions, Al Gore
and Dan Quayle clashed over leadership, abortion and the economy in a vice
presidential debate denounced by James Stockdale as ''why this nation is
in gridlock.''
It was a messy affair that ended on a sharp, negative note, with
Republican Quayle looking into the prime-time camera and referring darkly
to the Democratic front-runner.
''The American people should demand that their president tell the truth.
Do you really believe Bill Clinton will tell the truth, and do you do you
trust Bill Clinton to be your president?''
President George Bush and Quayle were like ''deer caught in the
headlights'' when the recession struck, Gore charged. He pledged that he
and Clinton ''stand for change.''
The political imperative was clear for each of the three running mates:
to boost the fortunes of the man at the top of the ticket in a race that
has exactly three weeks left to run and shows Clinton with a double-digit
lead in the polls.
7:30 AM
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DATE: 199404120307
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg
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Federal Filings
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys ELECTRO SCIENTIFIC INDUSTR Stock
ISSUER: ELECTRO SCIENTIFIC INDUSTRIES INC.
SYMBOL: ESIO
FILER: KILBY JACK S
TITLE: Director.
PURCHASED: 9/25/92 15,000 3.75
OWNERSHIP: 26,266 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DATE: 199404120517
SUBJ: Insider Sells E W SCRIPPS CO Stock
ISSUER: E W SCRIPPS CO
SYMBOL: EWSC
FILER: LESER LAWRENCE A
TITLE: President.
SOLD: 9/24/92 100 26.00
OWNERSHIP: 10,800 Indirect Common Class I
COMMENT: Open Market Sale
10/14/92 03:06
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DATE: 199404120517
SUBJ: Insider Buys FIRST NATIONAL BANCORP (GE Stock
ISSUER: FIRST NATIONAL BANCORP (GEORGIA)
SYMBOL: FBAC
FILER: NIX J L
TITLE: Director.
PURCHASED: 9/1/92 281 24.00
OWNERSHIP: 25,440 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DATE: 199404120517
SUBJ: Insider Sells FOREMOST CORP. OF AMERICA Stock
ISSUER: FOREMOST CORP. OF AMERICA
SYMBOL: FCOA
FILER: FREY FOUNDATION
TITLE: Beneficial owner.
SOLD: 9/1-22/92 120,800 22.00-23.50
OWNERSHIP: 1,311,300 Direct Common
COMMENT: Open Market Sale
10/14/92 03:06
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SOURCE: DowInt
DATE: 199404120153
SUBJ: Headlines From 'The Times', London, For Wednesday
FRONT PAGE:
Heseltine Warns Of Worse To Come As 30,000 Pit Jobs Go
Mother Ordered To Have Caesarean Delivery
Abbey National Cuts Home Loan Rate
Fired-Up Quayle Derides Clinton In TV Debate
Booker Prize Is Shared
FIRST BUSINESS PAGE:
Big Reduction In Interest Rates Being Considered
Reuters And Carlton Head ITN Takeover Consortium
Flotation For Dorling Kindersley
Henderson To Buy Touche
Advice And Loan Costs Peg MGN Profits
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DATE: 199404120157
SUBJ: Latest -(AP-Dow Jones Features
The following -(AP-Dow Jones features, analyses and round-ups have
appeared in the last 20 hours.
Gold Seen Steady In 4Q, Bullish Hopes Deferred (1134)
Seoul Stock Market Sn Restrained By Politics In 4Q (1135)
Alitalia, Bucking Worldwide Trend, Improves Results (1140)
Spain's Inflation Confirms Economic Slowdown: Amp (1141)
(The numbers in parenthesis are Telerate numbers)
- - 0557GMT
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SOURCE: DowNews
DATE: 199404120731
SUBJ: *Aide Says Miyazawa,Greenspan Discuss Forex, Including Europe
7:30 AM
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DATE: 199404120731
SUBJ: *Miyazawa, Greenspan Discuss U.S. Economic Outlook
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DATE: 199404120731
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aaaaa bbbbb
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DATE: 199404120731
SUBJ: *Bundesbank Takes 53.9B Marks In 14-Day Repos At Fixed 8.9%
7:30 AM
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DATE: 199404120731
SUBJ: *Bundesbank Says Conditions For ERM Stability Improved
7:31 AM
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DATE: 199404120311
SUBJ: Dow Jones Capital Markets Report: Latest Market-Moving News
Bundesbank Casts Doubt On Maastricht Deadline (4226)
Japan's Kanemaru Quits Parliament (4205)
German Govt Borrows Net DM15.11 Bln In 9 Mths (4229)
Bundesbank Leaves August M3 Unrevised At 9.0% (4188)
Japan Posts $12.07 Bln Trade Surplus In Sept (4147)
Bundesbank:DM's Real Value Vs EMS Back At 1987 Levels (4230)
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DATE: 199404120517
SUBJ: Insider Sells FOREMOST CORP. OF AMERICA Stock
ISSUER: FOREMOST CORP. OF AMERICA
SYMBOL: FCOA
FILER: FREY JOHN M
TITLE: Beneficial owner.
SOLD: 9/1-9/92 8,000 22.00-23.75
OWNERSHIP: 346,000 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:06
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SOURCE: DowInt
DATE: 199404120157
SUBJ: Latest Wall Street Journal Features
The following articles from Wednesday's editions of The Wall Street
Journal have appeared on -(AP-Dow Jones:
Salomon Picks Two Japanese Asian Subsidiary Leaders (1119)
HK's Securities And Futures Commission Evolving (1120)
European Parliament Seen Bidding For More Clout (1121)
Jaguar Cars To Spotlight Lower Priced 1993 Model (1122)
(Numbers in parentheses denote Telerate Page assignment)
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DATE: 199404120200
SUBJ: (WSJ): US Govt Investigating Pepsi's Ties To Importer
NEW YORK -(AP-DJ)--The U.S. Bureau of Alcohol, Tobacco and Firearms
appears to be investigating the relationship between PepsiCo Inc. and
Monsieur Henri Wines Ltd., an importing company that distributes
Stolichnaya Russian vodka for Pepsi, The Wall Street Journal reported
Wednesday.
In the past few weeks, inspectors for the bureau have interviewed some
former managers and executives of M. Henri. The inspectors have asked
questions about the business relationship between Pepsi and M. Henri and
about certain sales practices of M. Henri, according to two individuals
questioned. A third, Henry A. Schones Jr., a former M. Henri president,
confirmed he was interviewed by the BATF about two weeks ago. But, on his
attorney's advice, he wouldn't comment further.
The BATF, which is the arm of the Treasury Department that enforces
federal alcohol laws, would neiter confirm nor deny that an investigation
is under way. 'PepsiCo is not being investigated by the BATF or any state
regulatory authorities,' said Stuart Ross, a spokesman for PepsiCo Wines &
Spirits International, the PepsiCo division that supplies the vodka to M.
Henri. Ross is also a spokesman for M. Henri. When asked whether M. Henri
was being investigated, Ross said, 'We frequently have discussions with
the BATF and state regulators. We have absolutely nothing to hide.'
It is unclear exactly what federal investigators are looking for. A July
article in The Wall Street Journal reported that corporate documents and
company insiders suggested that Pepsi has a heavy hand in operations at M.
Henri, whose management and ownership have been laced with former Pepsi
managers. Both companies denied any wrongdoing.
- - 0601GMT
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DATE: 199404120731
SUBJ: *U.K. Aug. Indus Production Fell Adj. 0.3% From July
7:31 AM
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DATE: 199404120312
SUBJ: London Early Eurodollars
Current Wednesday's Late Quotes
Overnight 3 5/8 - 1/2 (3 1/2 - 3/8 )
Tom-next 3 3/8 - 1/4 (3 3/8 - 1/4 )
Spot-next 3 5/16 - 3/16 (3 1/4 - 1/8 )
7 days 3 1/4 - 1/8 (3 1/4 - 1/8 )
1 mo 3 5/16 - 3/16 (3 1/4 - 1/8 )
2 mo 3 5/16 - 3/16 (3 1/4 - 1/8 )
3 mo 3 7/16 - 5/16 (3 7/16 - 5/16 )
4 mo 3 7/16 - 5/16 (3 3/8 - 1/4 )
5 mo 3 7/16 - 5/16 (3 3/8 - 1/4 )
6 mo 3 7/16 - 5/16 (3 3/8 - 1/4 )
9 mo 3 9/16 - 7/16 (3 9/16 - 7/16 )
1 yr 3 5/8 - 1/2 (3 5/8 - 1/2 )
-0- 0312EDT
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DATE: 199404120517
SUBJ: Insider Buys FIRST EASTERN CORP. Stock
ISSUER: FIRST EASTERN CORP.
SYMBOL: FEBC
FILER: DEAL FREDERICK A
TITLE: Member of a committee/advisory board
ADDRESS: SOCIETY CORP.
800 SUPERIOR AVENUE
CLEVELAND, OH 44114
PHONE: (216)622-9000
PURCHASED: 9/11/92 100 11.25
OWNERSHIP: 100 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DATE: 199404120201
SUBJ: US Govt/Pepsi -2: Pepsi, Henri Insist Importer Independent
Both companies have also insisted that M. Henri operates independently,
as required by certain state alcohol laws. But one BATF official involved
in the inquiry said the Journal story 'obviously raised some concern in
the bureau.'
M. Henri has been an integral part of Pepsi's global soft-drink
aspirations. For the past 20 years, Pepsi has had an agreement under which
it can sell Pepsi-Cola in the former Soviet Union if it imports a
proportionate amount of Stolichnaya vodka to the U.S. M. Henri has been
the sole U.S. supplier of Stolichnaya.
Pepsi had owned M. Henri until 1977, when it sold the operation to two
retired Pepsi executives. At that time, Pepsi had to divest itself of M.
Henri to comply with various state regulations barring companies that
serve alcohol from also owning liquor distributors in the U.S. Pepsi's
Pizza Hut chain serves alcohol.
Federal alcohol laws don't prohibit liquor distributors from owning
businesses that serve alcohol. Among other things, they do require
detailed disclosures of ownership, management or control of businesses,
like M. Henri, that are assigned federal permits.
-0- 0602GMT
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DATE: 199404120202
SUBJ: (WSJ): Xerox To Sell Unit To Clayton Dubilier & Rice Inc.
NEW YORK -(AP-DJ)--Xerox Corp. plans to sell its Van Kampen Merritt Cos.
money management business to the private investment firm of Clayton
Dubilier & Rice Inc. for 360 million dlrs, The Wall Street Journal
reported Wednesday.
Xerox announced the sale plan Tuesday night in response to reports about
the transaction circulating on Wall Street.
The company decided to make the sale after announcing two months ago that
it would sell as much as 38% of Van Kampen, which manages about 18 billion
dlrs in bond mutual funds, in an initial public offering aimed at raising
138 million dlrs.
But Clayton Dubilier & Rice, best known for its 1.5 billion dlrs
leveraged buy-out of the typewriter business of International Business
Machines Corp. last year, preempted the offering by bidding for the entire
business. The offering was being managed by Lazard Freres & Co. and
Wasserstein Perella & Co.
The sale is likely to generate a gain on the order of 100 million dlrs
for Xerox, based in Stamford, Conn., because Van Kampen was carried on its
books for 237.4 million dlrs as of June 30. Xerox, whose main business is
copiers and other office equipment, has been shedding some of the
financial services businesses it acquired in the 1980s.
- - 0603GMT
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DATE: 199404120203
SUBJ: Xerox-2: Clayton Dubilier Able To Move Quickly On Purchase
Clayton Dubilier, which manages a pool of equity capital valued at more
than 1 billion dlrs, was able to move quickly on the purchase because it
had been studying a possible acquisition of a mutual fund company built by
Sir John Templeton.
Van Kampen is known for having sold unit investment trusts during the
mid-1980s, and more recently for both closed-end and open-end bond funds.
Many of the bond funds invest in municipal bonds. Some use leverage, or
borrowing, to boost their returns.
Clayton Dubilier is working with Van Kampen's current management, led by
Chairman John C. Merritt, and expects that management and employees will
own 20% of the company's stock. Xerox will also have the right to acquire
a 10% stake in the company.
Clayton Dubilier, based in New York, plans to finance the acquisition
with 165 million dlrs in equity and 250 million dlrs in debt. It will be
assuming about 35 million dlrs in debt from Xerox connected to Van Kampen.
-0- 0603GMT
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DATE: 199404120203
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FF
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mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
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DATE: 199404120314
SUBJ: Australian Debt Mkts-2:Credit Data Confirm Recovery Slow
Economists say the latest private-sector credit data
didn't add much to the emerging picture of an economy
creeping from the depths of recession.
"It's further confirmation that the (economic) recovery
is fairly slow," says CS First Boston Australia Ltd. senior
economist Peter McManus.
While housing finance is holding up, it appears
"business credit is still heading backwards," McManus says.
Bankers Trust Australia Ltd. Chief Economist Chris Caton
says "the general view is (private-sector credit statistics)
have stopped getting worse...In that sense we've turned the
corner, but we're not strong yet by any means."
Reflecting on the latest housing-finance data, Caton
writes in commentary that "the housing sector continues to
recover, albeit at a pace that remains moderate by past
standards."
"Those who on the basis of the recent employment and
retails sales figures had rushed to the judgment that the
recovery was going away may have to think again. The slow
recovery goes on," Caton writes.
The number of people employed in Australia fell a
seasonally adjusted 43,800 in September, while retail sales
rose a more tepid than expected 0.1% in August.
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DATE: 199404120205
SUBJ: Hong Kong Mid-Afternoon Foreign Exchange Indications
(Quoted by Astley & Pearce Hong Kong Ltd.)
Sterling 1.7140-1.7150
W.Germany 1.4835-1.4845
Japan 121.02-121.12
Switzerland 1.3063-1.3073
Netherlands 1.6975-1.6985
France 4.9670-4.9700
Singapore 1.6090-1.6100
Canada 1.2400-1.2405
Hong Kong 7.7320-7.7330
India 3.3310-3.3315
-0- 0605GMT
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DATE: 199404120206
SUBJ: Australian Closing Stock Indexes
All-Ordinary Shares 1,453.8 (1,456.9)
All-Industrials 2,278.7 (2,281.6)
All-Resources 822.5 ( 825.8)
All-Mining 616.2 ( 620.0)
Oil & Gas 701.6 ( 706.2)
Gold Shares 1,048.7 (1,049.1)
(All Ordinaries at Dec. 31, 1991 at 1,651.4)
-0- 0606GMT
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DATE: 199404120206
SUBJ: Bundesbank Leaves August M3 Unrevised At Annualized 9.0%
FRANKFURT -(AP-DJ)--Germany's August M3 money supply growth rate was left
unrevised at an annualized 9.0% from the average of the fourth quarter of
1991, the Deutsche Bundesbank said in its October monthly report.
The Bundesbank report often contains a revised version of the rate given
the previous month. This month's report didn't contain any fresh
commentary.
M3, a broad measure of money supply, has become one of Germany's most
closely followed economic indicators. It includes cash in circulation,
most forms of savings as well as sight deposits and time deposits of less
than four years.
September data is expected to be released sometime next week.
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Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: Today's Calendar
September producer price index (8:30 a.m. EDT)
September retail sales (8:30 a.m. EDT)
Early October domestic car sales (released throughout day).
Federal Reserve Governor Edward Kelley speaks at a lunch meeting of the
Financial Analysts of New Orleans (1:30 p.m. EDT).
Federal Reserve Chairman Alan Greenspan speaks on international banking
before the Federation of Bankers Associations of Japan, Tokyo (2 a.m.
EDT).
Federal Reserve Chairman Alan Greenspan holds news conference at the U.S.
Embassy, Tokyo (4 a.m. EDT).
Stockholders Meetings in the U.S.:
AAR Corp. (AIR)
Allstate Municipal Inc Opor Trust III (AIO)
Castle Convertible Fund Inc. (CVF)
Intercapital Ins Municipal Bond Trust (IMB)
Intercapital Qual Municipal Inv Trust (IQT)
Korea Fund Inc. (KF)
MFS Govt. Markets Income Trust (MGF)
MFS Intermediate Income Trust (MIN)
Maritrans Partners L.P. (TUG)
Sherwood Group Inc. (SHD)
Schult Homes Corp. (SHC)
USLife Income Fund Inc. (UIF)
- -
Stockholders Meetings in Canada:
Computalog Ltd. (T.CGH)
Delrina Corp. (T.DC)
- -
Partial List of Dividend Meetings:
AAR Corp. (AIR)
American Health Properties Inc. (AHE)
CBI Industries Inc. (CBH)
CML Group Inc. (CML)
CSX Corp. (CSX)
Dayton-Hudson Corp. (DH)
Dreyfus Corp. (DRY)
Helig-Meyers Co. (HMY)
International Shipholding Corp. (ISH)
Luby's Cafeterias Inc. (LUB)
Supervalu Inc. (SVU)
Walgreen Co. (WAG)
Woolworth Corp. (Z)
WPL Holdings Inc. (WPH)
- -
Analysts Meetings:
none scheduled
- -
At the Amex Club:
Cancer Treatment Holdings, Palm Beach (CTH)
Carrington Labotatories, Washington (CRN)
Telephone & Data Systems, Jacksonville (TDS)
At The Philadelphia Securities Association:
Comdisco Inc. (CDO)
7:31 AM
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DATE: 199404120316
SUBJ: *BOJ Seen Selling 1.5 Trln Yen Finance Bills To Drain Thur
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DATE: 199404120316
SUBJ: *Frankfurt Early Dollar At DM1.4615
- - 0316EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys FIRST EMPIRE STATE CORP. Stock
ISSUER: FIRST EMPIRE STATE CORP.
SYMBOL: FES
FILER: CONABLE BARBER B JR
TITLE: Director.
PURCHASED: 9/29/92 100 131.25
OWNERSHIP: 500 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FF
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys FOOTHILL INDEPENDENT BANCO Stock
ISSUER: FOOTHILL INDEPENDENT BANCORP.
SYMBOL: FOOT
FILER: KRAMER TOM
TITLE: Vice president.
PURCHASED: 9/10/92 3,000 6.75
OWNERSHIP: 35,125 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: S&P Rates Tokyo Elec Power 7.625% Straight Bonds AAA
LONDON -DJ- Standard & Poor's Corp. said it assigned its Triple-A rating
to Tokyo Electric Power Co. Inc.'s (TEPCO) DM1 billion (about $670
million) 7.625% straight bonds (series 4) due Nov. 6, 2002.
''The triple-A ratings on TEPCO's outstanding foreign and domestic bonds
are affirmed along with the A-1-Plus rating on TEPCO's Japanese commercial
paper program. The outlook on the ratings is 'stable.''' S&P said.
''TEPCO's ratings reflect Japan's cooperative regulatory environment, the
company's position as electricity industry leader and monopoly supplier of
the nation's strongest economic area, and its importance to national
energy policy. The company is the world's largest privately owned
electric utility and serves the Tokyo metropolitan area, supplying about
30% of Japan's total electricity demand. TEPCO is a key participant in
the nation's economy and energy policy, the first priority of which is
energy supply security, given the nation's dependence on imported energy
sources. Japan's utilities are supported by a highly cooperative
relationship with the Ministry of International Trade and Industry (MITI),
which regulates the industry, overseeing timely rate adjustments and
national coordination of energy supply and demand.
''TEPCO plays a leading role in consulting with MITI about capital
expenditures, rate setting, nuclear power, and environmental issues for
the entire industry. The company's generation mix emphasizes efficiency
and environmental soundness, in which Japan compares relatively favorably
to other industrialized countries. Liquefied natural gas now supplies
over a third of TEPCO's generation and has improved the company's fuel
supply position. In spite of the recent emergency shutdown of a unit at
its Fukushima nuclear facility, TEPCO's record of nuclear operations
remains relatively good (35% of generation).
''Recent profitability weakness due to lower electricity rates and higher
fossil fuel prices is not expected to be sustained. Leverage, very high
compared to peers outside Japan, is not unusual for the Japanese industry,
reflecting high investment spending required by rapid demand growth.
Existing agreements to purchase power from other electricity generators
with excess capacity should help alleviate demand pressures. Over the
longer term TEPCO still expects to be able to incorporate significant new
capacity into its rate base,'' S&P said.
7:31 AM
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===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: Park Natl Corp. Earnings-2-: 3Q, 9 Mos Fincl Tables >PARK
Quar:
1992 1991
Net income $4,449,000 $3,992,000
Shr ern
Net income 1.26 1.11
9 Months:
Net income 12,990,000 11,963,000
Shr ern (primary):
Net income 3.67 3.38
7:31 AM
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===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120318
SUBJ: *World Bank Prices 225B Yen 5Y Global As 4.5% At 99.80 Via Daiwa,
Nomura, Goldman; Govt. Plus 0.25
- - 0318EDT
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Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120319
SUBJ: Persian Gulf Crudes Stable From Late Tues. U.S. Prices
TOKYO -(AP-DJ)--Mideast crudes in Wednesday's Asia
are mostly steady at prices seen late in the U.S. on the
previous day, said traders.
With no new fundamental news to spur the Asian market,
traders pointed to the decreases in New York prices as
the Texaco Inc. 100,000 barrel-a-day (b/d) refinery was
reported to restart partially by next week. The
California refinery suffered damages from an explosion
in the catalytic reforming unit last week.
In addition, western markets were softer in the
previous day because of the report by the Organization of
Petroleum Exporting Countries that production in
September had exceeded their market share agreement of
24.2 million b/d, at 24.93 million b/d. Iranian reports
that the country's crude production was up to 4.0 million
was still causing bearish sentiment in the market as
well, said market players.
December Dubai is at $18.55-18.60 per barrel, mostly
unchanged from the late New York levels on Tuesday. In Asia
a day earlier, December Dubai was at $18.65.
January Dubai is at $18.45, with Dubai cargoes in
backwardation for the winter months.
-0- 0318EDT
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ZCZC
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120208
SUBJ: Australian Closing Stocks
INDUSTRIAL AND FINANCE
Adel Stm 0.08 ( 0.09)
Amcor 7.36 ( 7.38)
ANI 1.70 ( 1.70)
ANZ 2.80 ( 2.79)
Aust Con 0.24 ( 0.24)
BHP 11.42 (11.42)
Boral 2.80 ( 2.83)
Brambles 15.24 (15.68)
BTR Nylex 2.46 ( 2.44)
Burns P 3.46 ( 3.46)
CCAmatl 7.50 ( 7.62)
Coal All 8.84 ( 8.84)
ColesMyer 10.70 (10.74)
Comalco 3.45 ( 3.50)
CSR 3.87 ( 3.89)
CwlthBank 6.09 ( 6.10)
FAI 0.50 ( 0.51)
Foster's 1.19 ( 1.17)
Goodman 1.47 ( 1.48)
Hardie J 2.62 ( 2.62)
Jennings 0.10 (0.09)
L Lease 12.84 (12.94)
Leighton 1.43 ( 1.40)
Mayne N 6.38 ( 6.40)
Nat Aust 7.31 ( 7.31)
News Corp 24.10 (24.10)
Oakbridge 0.53 ( 0.51)
Orbital 2.55 ( 2.60)
Pac Dunlp 4.49 ( 4.45)
Pion.Int 2.44 ( 2.40)
TNT 0.83 ( 0.89)
Westpac 2.87 ( 2.89)
Wfield Hl 4.50 ( 4.62)
- - 0608GMT
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ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120209
SUBJ: -(AP-Dow Jones World News Summary
Kyodo reports Japan ruling party powerbroker Kanemaru quits parliament
Gorbachev allowed temporary travel; seeks private court date
U.N. team arrives in Georgia; Shevardnadze declared leader
Bush, top officials lobbied for tank sale to Kuwait
Quayle, Gore debate over leadership, abortion, economy
Polls after US vice-presidential debate favor Democrat Gore Poll finds 50%
favored Gore, 32% Quayle, 7% Stockdale
Venezuela defense minister says army may include some rebels
N.Z.'s central banker says local economy set to grow
Seoul suspends inter-Korea economic cooperation
Kuwaiti emir reappoints crown prince prime minister
-0- 0609GMT
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ZCZC
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120209
SUBJ: S. Korea's Bank of Korea Lowers Repo Rates
SEOUL -(AP-DJ)--South Korea's central Bank of Korea Wednesday lowered
interest rates for repurchase agreements by 0.5% points to an annual rate
of 13%.
The cut was made in line with the lower market interest rates, the
central bank said.
Interest rates of repurchase agreements, which are issued by the central
bank for the purpose of liquidity control, are the ones the central bank
charges on its loans to domestic banks.
-0- 0610GMT
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===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: Japan's NIS Rates Haseko Bonds Prelim Single-A-Minus
TOKYO -DJ- Nippon Investors Service assigned a Single-A-Minus rating to
the Japanese bond registration of Haseko Corp., the rating agency
announced.
On Sept. 30 Haseko registered with Japan's Finance Ministry to issue up
to 120 billion yen of bonds in Japan for a two-year period. Last week the
Japan Bond Research Institute also rated Haseko's registration a
preliminary Single-A-Minus.
Next week Haseko is expected to offer a total of 40 billion yen of bonds
in the domestic market, underwriters say. If the Tokyo-based condominium
builder does offer bonds it will be the first issue of the registration.
7:31 AM
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===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120731
SUBJ: Time Magazine -2-: Alleges Infringement Of Copyright Laws
NEW YORK -DJ- Time Magazine, p;ublished by Time Warner Inc., (TWX) said
it is filing suit against the Bush/Quayle 92' campaign for infringement of
copyright, trademark and other laws, charging that the campaign is making
unauthorized use of Time's April 20, 1992 cover ''Why Voters Don't Trust
Clinton'' in a television commercial.
In a press release, the company said that after the Bush/Quayle
advertisement first aired Sunday, Oct. 11, lawyers for Time Inc., Time's
parent company, sent a letter to the campaign insisting that they
''immediately cease and desist from any further broadcast, telecast or
other use of the commercial.'' The magazine protested that ''the implicit
suggestion of the commercial that Time endorses its contents is extremely
damaging to Time's reputation and makes this infringement of Time's rights
all the more serious.''
A lawyer for the Bush/Quayle campaign responding to Time's demand refused
to pull the advertisement. As a result, lawyers for Time Inc. are filing
suit in Federal District Court in Washington, D.C. Henry Muller, the
magazine's managing editor, said, ''This is a serious distortion of our
journalism. From time to time we've done critical covers on all three
candidates, and we object to the implication that we are taking sides.''
Time Inc is a unit of Time Warner Inc. (TWX).
7:31 AM
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ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells EMERGING GERMANY FUND INC. Stock
ISSUER: EMERGING GERMANY FUND INC., THE
SYMBOL: FRG
FILER: DRESDNER BANK AG
TITLE: Beneficial owner.
SOLD: 9/3-22/92 70,000 7.69-8.50
OWNERSHIP: 35,000 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:06
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120732
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt u
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120732
SUBJ: *Acclaim Entertainment 4Q Net 19c A Shr Vs 3c >AKLM
7:32 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120733
SUBJ: Table Of Stock Indexes; Tokyo, Frankfurt,London, Paris
Index Latest Prev Change % Chg
Close
Nikkei c-17344.03 17490.67 dn 146.64 0.8
DAX (Fkft) 1457.58 1465.50 dn 7.92 0.5
FT-SE 100 2567.3 2584.7 dn 17.4 0.7
CAC40(Paris) 1671.6 1685.0 dn 13.4 0.8
c-Closed.
7:32 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120734
SUBJ: Debate -2-: Polls Favor Gore, Little Impact Seen On Race
Viewers polled after the vice presidential debate reacted more favorably
to Al Gore than to his two opponents, but there was no evidence he won any
votes for his ticket.
A poll for ''Dateline NBC'' found 50% of viewers thought Democrat Gore
did the best job in the debate, 32% liked Republican Dan Quayle and just
7% gave top rank to independent candidate James Stockdale.
An ABC News poll asked who won, and Gore barely edged out Quayle, 38% to
35%, with 17% calling it a tie and 2% saying Stockdale won.
ABC said fewer people were undecided about their presidential choice
after the debate, but the standings did not change much; 47% for Bill
Clinton, up one point, 38% for President Bush, up three points and 12% for
Ross Perot, unchanged.
Quayle not only helped his ticket slightly more than Gore did, but the
35% who thought he won compared favorably with the 18% who thought Bush
won after Sunday's leadoff debate.
The 38% who thought Gore won could be interpreted as a disappointment
because it fell well below Clinton's share of the presidential preference,
said ABC polling director Jeff Alderman.
7:33 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120734
SUBJ: London Morning Gold -2-: Zurich Gold At $343.45-$343.95
LONDON -DJ- Gold was fixed this morning at $343.30 an ounce, down 45c
from yesterday's afternoon fixing.
Gold was quoted at $344.10-$344.60 at today's opening and $343.40-$343.70
at yesterday's close. After this morning's fixing, gold was quoted at
$343.45-$343.95.
-V-
ZURICH -DJ- At noon, gold was quoted at $343.45-$343.95 an ounce vs
$343.70-$344.20 at the opening and $343.75-$344.25 at yesterday's close.
7:34 AM
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ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120320
SUBJ: Japan Steel Output-2: Auto, Electric Sector Demand Weak
Looking ahead, the federation spokesman said he hopes
there will be some positive impact on steel output from
the government's March emergency package which pledged to
allocate about 75% of spending for public works in the
budget for this fiscal year in the first half ended Sept.
30. If the pace of decline in steel production comes
closer to 5% from year-earlier levels in the
October-December quarter, he said, he will be able to
acknowledge a favorable impact on steel output due to
steady implementation of the "front-loading."
In addition, the conclusion of a steel export
contract with Russia which will total 350,000 metric
tons to help develop natural gas projects, suggests a
bright spot to lift steel production during the current
quarter. As the contract with Russia calls for shipment
of steel products to start from the beginning of 1993, he
said the contracts may serve as a factor to raise
production.
However, he said a recovery in steel output due to a
pick up in demand from steel firms' clients such as the
auto industry must wait until next spring.
MITI's latest quarterly forecast called for Japan's
production of steel in the October-December quarter to
come to 24.90 million metric tons, down 4.3% from the
corresponding period a year ago. If the ministry's
prediction proves correct, the nation's steel output
would sink below 25.00 million metric tons for a fourth
consecutive quarter. The ministry's prediction at the
same time suggested that total production for 1992 may
come to 97.70 million metric tons, falling short of 100
million metric tons for the first time since 1987, when
steel output totaled 98.512 million metric tons.
-0- 0320EDT
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===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys FIRST USA INC. Stock
ISSUER: FIRST USA INC.
SYMBOL: FUS
FILER: BISHOP GENE H
TITLE: Director.
PURCHASED: 9/30/92-10/1/92 10,000 12.75
OWNERSHIP: 20,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys FIRST WESTERN FINANCIAL CO Stock
ISSUER: FIRST WESTERN FINANCIAL CORP.
SYMBOL: FWES
FILER: TROUNDAY ROGER S
TITLE: Director.
PURCHASED: 9/24/92 1,000 4.88
OWNERSHIP: 7,700 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
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ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120210
SUBJ: Australian Closing Stocks -2:
MINING AND OILS
Ampolex 4.02 ( 4.03)
Ashton 1.37 ( 1.35)
Bougainvl 0.40 ( 0.40)
Bridge 0.48 ( 0.48)
Cent Pac 0.70 ( 0.70)
CN Gold 0.38 ( 0.38)
CRA 11.58 (11.76)
Crusader 0.90 ( 0.86)
ERA 1.14 ( 1.14)
GM Kalg 0.90 ( 0.89)
Magellan 2.75 ( 2.75)
MIM 2.68 ( 2.67)
Newcrest 2.27 ( 2.34)
NormdyPos 1.07 ( 1.07)
North BH 1.90 ( 1.90)
Pancont M 0.88 ( 0.88)
Pasminco 1.34 ( 1.30)
Placr Pac 2.17 ( 2.20)
RGC 3.84 ( 3.90)
Santos 2.70 ( 2.72)
Sthn Pac 0.28 ( 0.28)
WMC 4.14 ( 4.15)
Woodside 3.72 ( 3.78)
-0- 0610GMT
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ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Financial Wire ('World Equity Report')
DJ International News Financial Wire ('World Equity Report')
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120210
SUBJ: -(AP-Dow Jones Corporate And Economic News Summary
Bank of N.Z. meeting to clarify bid by National Australia
Australia's Button endorses Campbell bid for Arnotts
Xerox to sell Van Kampen Merritt Cos. to Clayton Dubilier & Rice Inc. for 360 million dlrs
GM chairman Stempel hospitalized in Washington with undisclosed illness
IBM Japan considers selling its own low-cost computers
British Airways softens report: wants 35% stake in Qantas
Salomon Brothers picks two Japanese as Asian subsidiary heads
N.Z.'s Electricorp, Citibank launch 200-mln-NZ-dlr issue
Denmark's A.P. Moller not taking Singapore's FELS rig
-0- 0611GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120735
SUBJ: London Silver Lower At Opening
LONDON -DJ- Silver was quoted at $3.70 to $3.72 an ounce at the opening,
down from $3.72 to $3.73 an ounce late yesterday.
7:34 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120735
SUBJ: Swiss Natl Bank Lombard Rate Flat At 8.000%
ZURICH -DJ- The Swiss National Bank set its Lombard rate for today at
8.000%, flat with yesterday's rate of 8.000%.
7:35 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120320
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK
LLLLL MMMMM N
aaaaa bbbbb c
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120321
SUBJ: RPT:Japan Steel Output-2:Auto, Electric Sector Demand Weak
Looking ahead, the federation spokesman said he hopes
there will be some positive impact on steel output from
the government's March emergency package which pledged to
allocate about 75% of spending for public works in the
budget for this fiscal year in the first half ended Sept.
30. If the pace of decline in steel production comes
closer to 5% from year-earlier levels in the
October-December quarter, he said, he will be able to
acknowledge a favorable impact on steel output due to
steady implementation of the "front-loading."
In addition, the conclusion of a steel export
contract with Russia which will total 350,000 metric
tons to help develop natural gas projects, suggests a
bright spot to lift steel production during the current
quarter. As the contract with Russia calls for shipment
of steel products to start from the beginning of 1993, he
said the contracts may serve as a factor to raise
production.
However, he said a recovery in steel output due to a
pick up in demand from steel firms' clients such as the
auto industry must wait until next spring.
MITI's latest quarterly forecast called for Japan's
production of steel in the October-December quarter to
come to 24.90 million metric tons, down 4.3% from the
corresponding period a year ago. If the ministry's
prediction proves correct, the nation's steel output
would sink below 25.00 million metric tons for a fourth
consecutive quarter. The ministry's prediction at the
same time suggested that total production for 1992 may
come to 97.70 million metric tons, falling short of 100
million metric tons for the first time since 1987, when
steel output totaled 98.512 million metric tons.
-0- 0321EDT
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===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120323
SUBJ: Tokyo Stocks -3: Lion Leads Volume, 8.24 Million Shares
The Tokyo Stock Price Index (Topix) of all issues
listed in the First Section, which added 10.91 points
Tuesday, lost 1.34 points, or 0.10%, to 1,318.90.
The Second Section Index, which gained 6.08 points
Tuesday, climbed another 5.97 points, or 0.35%, to close
at 1,699.96.
Volume in the Second Section was estimated at 3
million shares, essentially flat from 3.186 million
shares Tuesday.
Speculative shares and large capital issues
monopolized the most actives list Wednesday.
The day's volume leader was personal-care products
maker Lion, which rose 14 yen to 635 yen, with 8.24
million shares changing hands. The company has developed
a new over-the-counter pregnancy test for the Japanese
market, dealers said. The issue, they said, being bought
heavily by a U.S. hedge fund and one local brokerage.
- - 0322EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120324
SUBJ: *Fed's Greenspan Says Can't Make Precise Judgement AS To When
Economy"s Acceleration Will Occur
- - 0324EDT
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SOURCE: CapMrkt
DATE: 199404120325
SUBJ: *Greenspan Says Adjustmejt Of Debt Overload Has Taken Much Longer
Than "Many Of Us Expected"
- - 0324EDT
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120210
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF G
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mm
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DATE: 199404120325
SUBJ: Japan's Trade Surplus -4: Adjusted Surplus Up From Aug.
Unadjusted exports to the U.S. in September totaled
$9.03 billion, up 5.8% from $8.54 billion a year earlier.
Japan's imports from the U.S. totaled $4.19 billion, up 5.8%
from $3.96 billion.
The unadjusted surplus with the U.S. for September was
up 54% from the August surplus, while exports were up 22%
and imports were down 1.2%. For August the unadjusted
surplus with the U.S. was $3.14 billion, up 6.4% from $2.95
billion a year earlier, with exports totaling $7.38 billion
and imports $4.24 billion. The ministry revised the August
unadjusted surplus from $3.51 billion, with exports
originally reported at $7.74 billion and imports at $4.23
billion.
After adjustment for seasonal factors, Japan's overall
trade surplus in September amounted to $9.36 billion, up 13%
from $8.29 billion in August. Exports came to $30.14
billion, up 8.4% from $27.82 billion. Imports stood at
$20.78 billion, up 6.4% from $19.53 billion. The ministry
revised the August adjusted surplus from $8.74 billion, with
exports originally reported at $28.23 billion and imports
at $19.48 billion.
The month-to-month rise in the September overall
adjusted trade surplus follows the 2.8% decrease in the
August surplus from the $8.53 billion in July.
The ministry doesn't provide adjusted figures for trade
with individual countries.
- - 0325EDT
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DATE: 199404120327
SUBJ: *Greenspan: Fed's Policy Objective Since 1989 To Stretch Out
Adjustment of Debt Overload, Preserve Some Econ. Growth
- - 0327EDT
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys GRAHAM CORP. Stock
ISSUER: GRAHAM CORP.
SYMBOL: GHM
FILER: EHRMAN WILLIAM
TITLE: Officer and beneficial owner.
PURCHASED: 9/28/92 200 13.75
OWNERSHIP: 105,600 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:06
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells GENENTECH INC. Stock
ISSUER: GENENTECH INC.
SYMBOL: GNE
FILER: LYONS GARY
TITLE: Vice president.
SOLD: 9/23/92 3,000 35.00
OWNERSHIP: 17,499 Direct Common
COMMENT: Open Market Sale
10/14/92 03:06
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys GRAPHIC INDUSTRIES INC. Stock
ISSUER: GRAPHIC INDUSTRIES INC.
SYMBOL: GRPH
FILER: POPE MARK C III
TITLE: Chairman of the board.
PURCHASED: 9/28/92 500 5.00
OWNERSHIP: 1,069,177 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:06
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DJ International News Financial Wire ('World Equity Report')
DJ International News Financial Wire ('World Equity Report')
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120211
SUBJ: -(AP-Dow Jones Corporate And Economic News Summary -2-
General Electric reports its 3rd Qtr Net 1.30 dlrs/share, compared with 1.20 dlrs/share in the year-ago period
Procter & Gamble exects record sales, earnings in 1st qtr
BMW Of North America raises '93 model average prices 4.5%
Mercedes Benz raises price of 1993 Class 300 up 2%
Honeywell Inc. 3Q oper net 2.54 dlrs per share, compared with 1.13 dlrs per share in the year ago quarter
Italian state electricity utility ENEL to buy 4 bln cubic meters of gas
per year from Algeria's state Sonatrach
Time Warner files shelf for 1.375 bln dlrs of debt
-0- 0612GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120737
SUBJ: Tokyo Stocks End Mixed -3-: Topix Falls 0.10%
The Tokyo Stock Price Index (Topix) of all issues listed in the First
Section, which added 10.91 points yesterday, lost 1.34 points, or 0.10%,
to 1,318.90.
The Second Section Index, which gained 6.08 points yesterday, climbed
another 5.97 points, or 0.35%, to close at 1,699.96.
Volume in the Second Section was estimated at 3 million shares,
essentially flat from 3.186 million shares yesterday.
Speculative shares and large capital issues monopolized the most actives
list today.
The day's volume leader was personal-care products maker Lion, which rose
14 yen to 635 yen, with 8.24 million shares changing hands. The company
has developed a new over-the-counter pregnancy test for the Japanese
market, dealers said. The issue, they said, was being bought heavily by a
U.S. hedge fund and one local brokerage.
7:37 AM
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DATE: 199404120327
SUBJ: World Bk Prices 225B Yen 5Y Global -2: Fees Total 1/4
LONDON -(AP-DJ)--The World Bank has priced its 225
billion yen global bond offering, due Dec. 22, 1997, as 4.5%
at a fixed initial price of 99.80, joint lead underwriters
Daiwa Europe Ltd., Nomura International plc and Goldman
Sachs International said.
The bonds yield 4.55% at the reoffer price, a margin of
25 basis points above the Japanese government's 5% No. 105
bonds. The indicated range was between 24 and 26 basis
points.
The borrower's outstanding senior debt is rated Triple-A
by Moody's Investors Service Inc. and by Standard & Poor's
Corp.
Gross commissions are 1/4 point, comprising 0.20 point
as a selling concession and 0.05 for management and
underwriting combined.
The Luxembourg-listed bonds are denominated in 100,000
yen in registered form only.
Settlement is due Oct. 28 and there is a short initial
coupon period. Interest is payable annually thereafter.
-0- 0327EDT
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DATE: 199404120330
SUBJ: BOJ Seen Selling 1.5 Trln Yen Finance Bills To Drain Thur-2-
TOKYO -(AP-DJ)--The Bank of Japan is selling 1.5
trillion yen of financing bills through repurchase
agreements that begin Thursday, when the cash from the
sale will drain from the market, the central bank
announced.
The RPs will unwind Nov. 15. Thursday's market is
estimated to have an initial surplus of 2.24 trillion yen,
but with the financing bill sale the market should end
with a deficit of 2.16 trillion yen if the Bank of Japan
doesn't conduct any other money market operations to take
effect Thursday.
The rate on the RPs is 4.0316%. Financing bills are
short-term government securities.
-0- 0330EDT
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys CAMBRIDGE HOLDINGS LTD. Stock
ISSUER: CAMBRIDGE HOLDINGS LTD.
SYMBOL: N/A
FILER: PUSEY GREGORY S
TITLE: Officer, director and beneficial owner.
PURCHASED: 9/14/92 200 0.25
OWNERSHIP: 1,096,711 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:07
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SOURCE: FedFil
DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120212
SUBJ: S. African Steel Workers Reach Wage Agreement
JOHANNESBURG -(AP-DJ)--After seven months of negotiations and strikes,
South African steelworkers reached an agreement with employers calling for
a 9.1% increase in wages backdated July 1, 1992.
The Steel and Engineering Industries Federation of South Africa (Seifsa)
agreed to resist from compelling employers to negotiate additional
increases at plant level.
Seifsa general secretary Tommy Oliphant said the agreement, which
followed a four-week strike earlier this year, failed to guarantee unions
work security in an industry that has seen over 60,000 layoffs in the last
18 months.
'The trade unions were disadvantaged by the economy this year. The
employers knew this and that was why they were prepared to sit out
strikes. This isn't an agreement we can be jubilant about,' said Les
Kettledas, general secretary of the National Union of Metalworkers of
South Africa (Numsa), an umbrella labor organization that includes Seifsa.
South Africa is expected to report its fourth straight yearly drop in
gross domestic product (GDP) in 1992, partly as a result of the drought.
Inflation has averaged 15% this year and unemployment is over 42%, its
highest level since World War II.
-0- 0613GMT
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SOURCE: DowInt
DATE: 199404120214
SUBJ: N.Z. Shares-2: BNZ Steady; Meeting On Takeover Scheduled
Bank of New Zealand Ltd. (BNZ), New Zealand's largest commercial bank,
closed level at 78 cents.
Earlier Wednesday BNZ said that it will hold a special meeting of
shareholders Oct. 30 to clarify certain aspects of a takeover bid for the
bank that has been made by National Australia Bank Ltd. (NAB).
The decision to hold the meeting follows the receipt of a petition from
shareholders, BNZ said in a statement.
Under New Zealand stock exchange rules, shareholders can petition a
company to hold a special meeting. The petition requires the support of at
least 100 shareholders.
BNZ said the object of the Oct. 30 meeting will be to seek information on
the profit performance of the bank to Sept. 30 and its future
profitability, and to discuss certain aspects of the proposed takeover by
NAB.
Meanwhile, forestry concern Carter Holt Harvey Ltd. fell 3 cents to 2.34
NZ dlrs. One broker contended that several sharebroking firms had eased
their year-ahead earnings forecasts for Carter.
The broker also speculated that some recent weakness in the share price
for forestry and resources conglomerate Fletcher Challenege Ltd. was
hurting sentiment for other local stocks that have cyclical earnings such
as Carter.
-0- 0615GMT
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SOURCE: DowInt
DATE: 199404120217
SUBJ: *NIKKEI STOCK AVERAGE 17,344.03 (17,490.67)
-0- 0617GMT
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DATE: 199404120331
SUBJ: *Zurich Opening Gold At $343.95
-0- 0331EDT
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DATE: 199404120517
SUBJ: Insider Buys HUNTINGTON BANCSHARES INC. Stock
ISSUER: HUNTINGTON BANCSHARES INC.
SYMBOL: HBAN
FILER: GERLACH JOHN B
TITLE: Director.
ADDRESS: HUNTINGTON BANCSHARES INC.
41 SOUTH HIGH STREET
P.O. BOX 1558
COLUMBUS, OH 43287
PHONE: (614)476-8300
PURCHASED: 9/27/92 1,000 19.38
OWNERSHIP: 404,750 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:07
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Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys HUNTINGTON BANCSHARES INC. Stock
ISSUER: HUNTINGTON BANCSHARES INC.
SYMBOL: HBAN
FILER: GERLACH JOHN B
TITLE: Director.
ADDRESS: HUNTINGTON BANCSHARES INC.
41 SOUTH HIGH STREET
P.O. BOX 1558
COLUMBUS, OH 43287
PHONE: (614)476-8300
PURCHASED: 9/27/92 1,000 19.38
OWNERSHIP: 131,000 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:07
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120218
SUBJ: -(AP-Dow Jones Economic, Business And Banking News Summary
Dollar in Asia at 0615 GMT: 121.15 yen, 1.4655 marks, up from 121.10 yen, 1.4640 marks late Tuesday in New York
Nikkei stock index closes at 17,344.03 points, down from 17,490.67 points
Tuesday
Fed Chairman Greenspan is optimistic about achieving stable prices but says declining inflation indirectly hurting banks
Japan corporate insolvencies jumped 35% in Sept. from year earlier;
insolvent companies left behind 706.7 bln yen in debt Sept., up 25% from
year before
S. Korea banks make cut in deposit rates
N.Z.'s M3 money supply up 1.0% in Aug from July; M1 dn 0.5%
Australian credit rose a seasonally adjusted 0.4% in August from July but fell 1.5% over 12 months
Japan's Miyazawa, U.S.'s Greenspan meet, discuss foreign exchange,
including European currencies
GATT report criticizes Japan's agricultural policy
S Korea will offer 1.1 bln dlrs in loans to Poland, Hungary
N.Z. finance minister says low inflation good for recovery
N.Z.'s Bolger calls for multilateral economic alliances
London Times reports UK still mulling big, early base rate cut
US workers more productive than workers in Japan, Germany, study says
Venezuela and Caribbean nations sign trade pact
Seoul suspends inter-Korea economic cooperation
S Korean govt report says unified Korea's energy dependency would drop to 63% in unification occurs now
-0- 0618GMT
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SOURCE: DowInt
DATE: 199404120220
SUBJ: M.I.M. Of Australia -2: Higher Sales Volumes, Prices
M.I.M. said that its after-tax profit from operations, before accounting
for exchange rate losses and profits from outside equity interests soared
to 34.5 million AUS dlrs from 3.5 million AUS dlrs a year earlier.
'The first quarter result was positively influenced by metal prices which
were mostly better than in the first quarter last year, and lower
operating costs,' M.I.M. said in a statement.
It said the increase in sales revenue reflected higher prices received
for all products except silver and gold, and higher sales volumes for all
products except copper and coal from the Oaky Creek mine.
Average prices the quarter were 23% higher for copper, 12% higher for
lead and 59% higher for zinc. The higher prices were partly in response to
a weaker Australian dollar.
M.I.M. said its Mount Isa mine production of anode copper fell to 39,090
metric tons from 42,610 tons due to continued abnormally high smelter shut
down time due to adverse wind direction. However output of refined copper
from that mine rose to 262 tons from 247 tons. Anode copper output from
the Townsville mine rose to 14,112 tons from 9,695 tons, while refined
copper production rose to 45,621 tons from 43,553 tons.
-0- 0620GMT
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SOURCE: DowInt
DATE: 199404120222
SUBJ: -(AP-Dow Jones Economic, Business And Banking Summary -2-
New York stocks end up; Dow Jones Industrial Average rises 27.01 points to 3,201.42; advancing issues lead declines by 1,017 to 703; volume: 184.6 (126.6)
U.S. Treasuries end mixed; Dow Jones 20 Bond Average of industrial, public
utility bonds 0.01 point higher at 102.46
New York spot gold ends 1.45 dlrs lower, closing at 344.00-344.50 dlrs an ounce (345.45-345.95); London late quote: 343.40-343.70 (345.90-346.20)
New York crude oil futures end dn; November light sweet crude settled at
22.09 dlrs/b, dn 21 cents/b from Monday
U.S. retail sales in 1st week of Oct up 1.2% from all-Sept.-avg; up 8.9% from yr-ago, Johnson Redbook reports
N.Z. CPI rose 0.3% In Sept. Qtr, Up 1.0% Over 12 Months; rises conform to
market expectations
Germany's Coal Imports Up 5% In First Eight Months
British Coal To Shut 31 Mines, Cut 30,000 Jobs
Romania's Iliescu Says Price Liberalization May Be Delayed
-0- 0623GMT
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120737
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJ
aaaaa bbbbb
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120737
SUBJ: *NEC, AT&T Unit Form Microchip Joint Venture >T
7:37 AM
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SOURCE: CapMrkt
DATE: 199404120332
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
aaaaa bbbbb c
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DATE: 199404120333
SUBJ: *Swiss National Bank Lombard Rate 8.000% Vs. 8.000%
-0- 0333EDT
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DATE: 199404120334
SUBJ: *Opening FT-SE 100-Share Index 2583.6 down 1.1
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DATE: 199404120336
SUBJ: N.Z. Dollar Closes Slightly Higher In Moderate Trading
WELLINGTON -(AP-DJ)--The New Zealand dollar closed
slightly higher in moderate trading Wednesday, with local
dealers expecting the domestic currency to consolidate
around current levels.
"The dollar traded in a gentle range today and didn't
do too much at all," an Auckland-based dealer said.
"It's moved up a little in the last couple of days and
is just consolidating on that at the moment," the dealer
said.
Late Wednesday, the New Zealand dollar was quoted at
0.5428 U.S. dollar, just up from 0.5424 U.S. dollar late Tuesday
in Wellington, but down from its local open at 0.5435 U.S.
dollar.
The local currency traded in moderate range of
0.5424-0.5446 U.S. dollar Wednesday.
Against its trade-weighted index the New Zealand
dollar slipped to 53.93 Wednesday, from 53.97 Tuesday.
On a cross rate with the neighboring Australian dollar
the New Zealand dollar closed at 0.7512 AUS dollar Wednesday,
down from 0.7525 AUS dollar Tuesday.
"There has been some good economic data out on New
Zealand recently and I think the dollar will improve over
time," the dealer said.
The statistics department issued Wednesday New
Zealand's latest consumer price inflation data, showing the
country had an inflation rate of just 1.0% in the 12 months
ended Sept. 30, level with the 1.0% rate recorded for the
12 months to June 30.
- - 0335EDT
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells HEALTHCARE COMPARE CORP. Stock
ISSUER: HEALTHCARE COMPARE CORP.
SYMBOL: HCCC
FILER: SMITH JAMES C
TITLE: President.
SOLD: 9/14/92 2,500 35.00
OWNERSHIP: 675,352 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells HEALTHCARE COMPARE CORP. Stock
ISSUER: HEALTHCARE COMPARE CORP.
SYMBOL: HCCC
FILER: WHITTERS JOSEPH E
TITLE: Officer.
SOLD: 9/2-21/92 10,000 35.13-35.50
OWNERSHIP: 10,751 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
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Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120739
SUBJ: Nihon Unisys Offering Two Eurobond Issues Worth 20B Yen
LONDON -DJ- Nihon Unisys Ltd., a computer sales joint venture, is
offering two Eurobond issues totaling 20 billion yen.
A 10 billion yen issue of 5.55% Eurobonds due Jan. 28, 2000, at an issue
price of 101.5 is being reoffered at par via lead underwriter Nomura
International.
Commissions total 1 7/8 points, comprising 1.70 points as a selling
concession and 0.175 point for underwriting and management combined.
Another 10 billion yen of 5.35% bonds due Jan. 28, 1998, is being issued
at 101.625 and reoffered at 100.05 via Yamaichi International.
Commissions total 1 7/8 points, comprising 1.75 points as a selling
concession and 0.125 point for underwriting and management combined.
Both issues are listed in Luxembourg in denominations of 10 million yen.
Settlement is due Oct. 28 for both deals and there is a short first
coupon on both.
7:39 AM
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Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120740
SUBJ: *News Corp. Prices 40M Shares At A$24.10 Each >NWS
7:39 AM
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DATE: 199404120337
SUBJ: N.Z. Dollar -2: Debt Mkts Mixed; 1997 Govt Stk Ylds 7.09%
Meanwhile, local debt markets were mixed Wednesday.
Short term debt markets rallied on news of the level
inflation outcome. The yield on 90-day bank bills fell to
6.12% Wednesday from 6.18% Tuesday, while the overnight
cash rate fell to 6.10% from 6.20% Tuesday.
Benchmark July 1997 government stock, which rallied
strongly Tuesday, was level at 7.09% Wednesday from
Tuesday's close.
-0- 0336EDT
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells HEALTHCARE COMPARE CORP. Stock
ISSUER: HEALTHCARE COMPARE CORP.
SYMBOL: HCCC
FILER: WRISTEN EDWARD L
TITLE: Vice president.
SOLD: 9/11/92 6,000 33.25
OWNERSHIP: 1,247 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys CHESAPEAKE BIOLOGICAL LABO Stock
ISSUER: CHESAPEAKE BIOLOGICAL LABORATORIES INC. CL A
SYMBOL: CHBAC
FILER: MENDELSOHN THOMAS CHARLES
TITLE: Vice president.
PURCHASED: 9/30/92 1,965 1.59
OWNERSHIP: 50,615 Direct Common Class D
COMMENT: Open Market Purchase
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120742
SUBJ: Digital Equipment -2-: 1Q Financial Table >DEC
Quar Sept. 26:
1992 1991
Revenues $3,314,299,000 $3,293,085,000
Inc bef adj (260,546,000) 11,662,000
Acctg adj .... a (485,495,000)
Net income (260,546,000) (473,833,000)
Avg shrs 28,001,937 124,836,380
Shr earns
Inc bef adj (2.04) .09
Acctg adj .... a (3.89)
Net income (2.04) (3.80)
Figures in parentheses are losses
a. Change in accounting for postretirement health benefits.
7:41 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120742
SUBJ: *Advanced Logic Research To Cut Worldwide Staff By 15%
7:42 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120340
SUBJ: EC Summit/Britain -2: Lamont Factor Seen Hurting Major
Unconvincing attempts by the government to
reformulate policy and get the ERM reformed have further
undermined its credibility, analysts say.
For many, failure at Birmingham, which could leave
Britain further isolated from the rest of the EC, would
be the last straw.
"Apart from an economic volte face, we are now close
to a political volte face," commented Keith Skeoch, chief
economist at James Capel & Co. This, he said, is in sharp
contrast to Major's previous pledge to keep Britain "at
the heart of Europe."
In the meantime, the government is still reeling from
the impact of its economic reversal. Sterling's ERM
suspension is seen as having greatly undermined Lamont's
credibility. He had sworn allegiance to the mechanism as
the only option for economic recovery but within hours of
the pound's removal he was singing the praises of a
floating currency.
The prime minister also isn't absolved of
responsibility. He took the pound into the ERM when he
was chancellor in October 1990 and he was just as
involved in the decision to take it out again.
Some suggest Major has left himself exposed
politically by not jettisoning Lamont and starting afresh
with a new chancellor and new policies.
"Major's position is made more vulnerable by the fact
that Lamont is still there," said James Capel's Skeoch.
Major initially called the Birmingham summit to
discuss both ERM reform and the future of Maastricht,
given signs that popular support for the treaty was
waning across Europe.
- - 0339EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120341
SUBJ: Sweden's Riksbank -2: Announced 1-Day, 32-Bln-Kr Repo
STOCKHOLM -(AP-DJ)--Sveriges Riksbank, the central
bank of Sweden, reduced its key marginal lending rate to
the 15.5% level from the 16.5% level on its interest
rate scale Wednesday morning when announcing a one-day,
32-billion-krona securities repurchase agreement.
The marginal rate governs banks' borrowing and
deposits with the Riksbank. On Friday, the Riksbank cut
the marginal rate to 16.5% from 18%.
The marginal interest rate had been hiked as high as
500% for a brief period during recent turmoil in European
foreign exchange markets to stem capital outflow.
Statements by top Riksbank officials in the past three
weeks indicated reductions in the marginal rate signal a
return to "more normal interest rate levels."
In August, before forex turmoil began, the marginal
lending rate stood at 11.5%.
Wednesday's reduction in the marginal rate had been
expected, said dealers.
-0- 0341EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
HOT
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120341
SUBJ: *German High Court Rules Income-Tax Free Threshold Unconstitutional;
New Tax Law Needed By Jan. 1, 1996
- - 0341EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells CHESAPEAKE BIOLOGICAL LABO Stock
ISSUER: CHESAPEAKE BIOLOGICAL LABORATORIES INC. CL A
SYMBOL: CHBAC
FILER: TEW WILLIAM P
TITLE: Chairman of the board.
SOLD: 9/25-30/92 13,036 2.00
OWNERSHIP: 679,570 Direct Common Class D
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120742
SUBJ: *Advanced Logic Research To Cut All Salaries Above $50,000
7:42 AM
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120743
SUBJ: *Haemonetics Corp. 2Q Net 42c A Shr Vs 30c >HAE
7:42 AM
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120230
SUBJ: RPT:Dlr Softens From Late Singapore Levels In Thin HK Trade
HONG KONG -(AP-DJ)--The dollar is slightly lower in light HK trading
around midday Wednesday in Hong Kong, compared with its late morning
levels in Singapore.
Around 0502 GMT, the U.S. unit was quoted at 120.97 yen, down from 121.14
yen in Singapore around 0335 GMT and from 121.10 yen late Tuesday in New
York.
It was also at 1.4626 Deutsche marks, off from 1.4640 marks in Singapore
and from 1.4640 marks in New York. Sterling was at 1.7140 dlrs, unchanged
from Singapore and down from 1.7160 dlrs late in New York.
A dealer at a local bank said the dollar continues to edge down this
morning as investors focus on the sluggish U.S. economy and prospects of a
slow recovery.
He said many participants also stay sidelined ahead of release at later
Wednesday of a spate of US economic data including the widely watched
September retail sales.
The dealer expects the dollar to remain below 1.4800 marks and hold to a
range of 120.70-121.20 yen over the course of the local trading day.
On local currency markets, the U.S. dollar was quoted at 7.7328 HK
dlrs,up from 7.7325 HK dlrs around the same time Wednesday. The interest
rate on overnight Hong Kong-dollar lending rose to an offered rate of
2.50% from Tuesday's 2.3750%.
-0- 0631GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120744
SUBJ: Frankfurt Gold Fixed At $343.95 An Ounce
FRANKFURT -DJ- Gold was fixed at 16,200 marks per kilo or $343.95 an
ounce vs 16,410 marks or $343.95 at yesterday's fixing.
7:43 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120342
SUBJ: RPT:Sweden's Riksbank-2:Announced 1-Day,32-Bln-Kr Repo
STOCKHOLM -(AP-DJ)--Sveriges Riksbank, the central
bank of Sweden, reduced its key marginal lending rate to
the 15.5% level from the 16.5% level on its interest
rate scale Wednesday morning when announcing a one-day,
32-billion-krona securities repurchase agreement.
The marginal rate governs banks' borrowing and
deposits with the Riksbank. On Friday, the Riksbank cut
the marginal rate to 16.5% from 18%.
The marginal interest rate had been hiked as high as
500% for a brief period during recent turmoil in European
foreign exchange markets to stem capital outflow.
Statements by top Riksbank officials in the past three
weeks indicated reductions in the marginal rate signal a
return to "more normal interest rate levels."
In August, before forex turmoil began, the marginal
lending rate stood at 11.5%.
Wednesday's reduction in the marginal rate had been
expected, said dealers.
-0- 0342EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells HOUSE OF FABRICS INC. Stock
ISSUER: HOUSE OF FABRICS INC.
SYMBOL: HF
FILER: SOFRO JOHN A
TITLE: Vice president.
SOLD: 9/18/92 5,333 12.88
OWNERSHIP: 50 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys INTERSTATE BAKERIES CORP. Stock
ISSUER: INTERSTATE BAKERIES CORP.
SYMBOL: IBC
FILER: HORTON FRANK E
TITLE: Director.
PURCHASED: 9/1/92 900 16.75
OWNERSHIP: 1,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
The Wall Street Journal
The Wall Street Journal
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120745
SUBJ: Xerox Plans To Sell Its Van Kampen Unit For $360 Mln
By Randall Smith
Xerox Corp. plans to sell its Van Kampen Merritt Cos. money management
business to the private investment firm of Clayton Dubilier & Rice Inc.
for $360 million, The Wall Street Journal reported.
Xerox announced the sale plan last night in response to reports about the
transaction circulating on Wall Street.
The company decided to make the sale after announcing two months ago that
it would sell as much as 38% of Van Kampen, which manages about $18
billion in bond mutual funds, in an initial public offering aimed at
raising $138 million.
But Clayton Dubilier & Rice, best known for its $1.5 billion leveraged
buy-out of the typewriter business of International Business Machines
Corp. last year, preempted the offering by bidding for the entire
business. The offering was being managed by Lazard Freres & Co. and
Wasserstein Perella & Co.
The sale is likely to generate a gain on the order of $100 million for
Xerox, because Van Kampen was carried on its books for $237.4 million as
of June 30. Xerox, whose main business is copiers and other office
equipment, has been shedding some of the financial services businesses it
acquired in the 1980s.
Clayton Dubilier, which manages a pool of equity capital valued at more
than $1 billion, was able to move quickly on the purchase because it had
been studying a possible acquisition of a mutual fund company built by Sir
John Templeton.
Clayton Dubilier is working with Van Kampen's current management, led by
Chairman John C. Merritt, and expects that management and employees will
own 20% of the company's stock. Xerox will also have the right to acquire
a 10% stake in the company.
Clayton Dubilier, based in New York, plans to finance the acquisition
with $165 million in equity and $250 million in debt. It will be assuming
about $35 million in debt from Xerox connected to Van Kampen.
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120746
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII J
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RR
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Permanent, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120747
SUBJ: TD Bank-Central Guaranty -2-: CDIC Coverage Seen Sufficient
TORONTO -DJ- Toronto Dominion Bank (T.TD) disclosed details of its
agreement in principle with Central Guaranty Trust Co. and Central
Guaranty Mortgage Corp. to acquire substantially all of their assets and
all of their deposit liabilities.
Under the terms of the agreement, TD said it will pay a purchase price
premium of C$125 million to acquire about C$9 billion of performing loans
and securities, the majority of which are residential mortgages, and the
trust company's mutual fund, agent and VISA businesses. It said it will
assume all of CGT's deposit liabilities and will offer employment to CGT
branch, trust, mutual fund and VISA personnel.
The bank said Canada Deposit Insurance Corp. will provide coverage
against losses which may be sustained on the portfolio of performing
assets acquired by the bank. TD said it believes that the coverage to be
obtained from CDIC will be sufficient.
The transaction has now received TD and CGT board approval, and requires
CGT shareholder and formal regulatory approval, and execution of
definitive documentation. As reported, the transaction is expected to
close by Dec. 31.
7:46 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120344
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII J
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYY
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHH
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GG
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys IFR SYSTEMS INC. Stock
ISSUER: IFR SYSTEMS INC.
SYMBOL: IFRS
FILER: REINKEN PAUL E
TITLE: Director.
PURCHASED: 9/10/92 3,000 4.75
OWNERSHIP: 8,967 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells INTERPOINT CORP. Stock
ISSUER: INTERPOINT CORP.
SYMBOL: INTP
FILER: LINWICK PHILLIP C
TITLE: Chairman of the board.
SOLD: 9/24/92 20,000 7.00
OWNERSHIP: 37,184 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells IRVINE SENSORS CORP. Stock
ISSUER: IRVINE SENSORS CORP.
SYMBOL: IRSN
FILER: CARSON JOANNE S MS
TITLE: Officer and director.
SOLD: 9/14-16/92 10,000 3.63-3.75
OWNERSHIP: 354,489 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120231
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK
LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ
aaaaa bbbbb c
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120231
SUBJ: S. Korean Business Royalty Payments For Foreign Tech Rise
SEOUL -(AP-DJ)--Royalty payments by South Korea's conglomerates for
technology imports from abroad are increasing, with Samsung Group leading
the trend, the Finance Ministry said Wednesday.
According to the ministry, royalty payments for foreign techno / / / / /
/ 0632GMT
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120231
SUBJ: *Japan's Sept. Trade Surplus With U.S. 4.84 Billion Dlrs, Up From
4.58-Billion-Dlr Surplus A Year Earlier
- - 0632GMT
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120232
SUBJ: *Japan Posts 52.46-Billion Dlr Trade Surplus In 1st Fiscal Half, Up
From 39.68-Billion Dlr Surplus A Year ago
- - 0632GMT
NNNN
===EOD===
ZCZC
Product: BT, Service: CO
Temporary, 90 Days
Dow Jones News Service (DJNX, 'Broad Tape')
Dow Jones News Service (DJNX, 'Broad Tape')
Accession: 000000000000, Page:
SOURCE: DowNews
DATE: 199404120747
SUBJ: *London Stocks Lower At Midday; FT-SE 100 Down 18
7:47 AM
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120345
SUBJ: *Sterling Exchange Rate Index At 82.8
-0- 0344EDT
NNNN
===EOD===
ZCZC
Product: CM, Service: CO
Permanent, 90 Days
Capital Market Reports
Capital Market Reports
Accession: 000000000000, Page:
SOURCE: CapMrkt
DATE: 199404120346
SUBJ: Dlr In Tokyo: Hardly Moves Despite Kanemaru, Greenspan
TOKYO -(AP-DJ)--Currencies hardly moved in Tokyo
Wednesday despite a powerful Japanese politician's forced
resignation from parliament and a speech by U.S.
Federal Reserve Board Alan Greenspan.
Lack of clearer indications that monetary policies in
major nations may change soon as well as caution ahead
of uncertainties surrounding Thursday's twice-monthly
meeting of the Bundesbank's policy-setting central bank
council and Friday's meeting of European Community
leaders in Birmingham, U.K., helped limit currency
dealings Wednesday, traders said.
"There's just no clear trend at all" in current
foreign exchange dealings, said a currency dealer at a
major North American bank in Tokyo at the session's close.
The dollar finished Wednesday at 121.10 yen,
unchanged from 121.10 yen late Tuesday in New York but
down from 121.60 yen late Tuesday in Tokyo.
The U.S. currency also finished at 1.4646 Deutsche
marks, slightly higher than 1.4640 marks late Tuesday in
New York but below 1.4830 marks in Tokyo Tuesday.
The mark ended at 82.68 yen, down from 82.72 yen in
New York late Tuesday but above 82.00 yen in Tokyo late
Tuesday.
- - 0346EDT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells IRVINE SENSORS CORP. Stock
ISSUER: IRVINE SENSORS CORP.
SYMBOL: IRSN
FILER: CARSON JOHN C
TITLE: Officer and director.
SOLD: 9/14-16/92 10,000 3.63-3.75
OWNERSHIP: 220,239 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells INTERNATIONAL TOTALIZATOR Stock
ISSUER: INTERNATIONAL TOTALIZATOR SYSTEMS INC.
SYMBOL: ITSI
FILER: MCKINNIE JON R
TITLE: Director.
SOLD: 9/10-17/92 155,000 6.13-6.88
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells BELL (JAN) MARKETING INC. Stock
ISSUER: BELL (JAN) MARKETING INC. VOTING
SYMBOL: JBM
FILER: BOUDREAU DAVID
TITLE: Officer.
SOLD: 9/2-10/92 12,500 15.50-15.88
OWNERSHIP: 0 Direct Common Voting
COMMENT: Open Market Sale
10/14/92 03:07
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells BELL (JAN) MARKETING INC. Stock
ISSUER: BELL (JAN) MARKETING INC. VOTING
SYMBOL: JBM
FILER: BOWERS RICHARD W
TITLE: Officer and director.
SOLD: 9/2/92 14,000 15.63-15.75
OWNERSHIP: 33,000 Direct Common Voting
COMMENT: Open Market Sale
10/14/92 03:07
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells BELL (JAN) MARKETING INC. Stock
ISSUER: BELL (JAN) MARKETING INC. VOTING
SYMBOL: JBM
FILER: TRUDEAU ROSEMARY MS
TITLE: Officer and director.
SOLD: 9/2/92 10,000 15.50-15.88
OWNERSHIP: 15,000 Direct Common Voting
COMMENT: Open Market Sale
10/14/92 03:07
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HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120232
SUBJ: *Japan's 1st-Half Trade Surplus With U.S. 21.16 Billion Dlrs, Up From
17.37-Billion-Dlr Surplus A Year Earlier
- - 0633GMT
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DATE: 199404120233
SUBJ: RPT:Dlr Softens From Late Singapore Levels -1A-
The dealer expects the dollar to remain below 1.4800 marks and hold to a
range of 120.70-121.20 yen over the course of the local trading day.
On local currency markets, the U.S. dollar was quoted at 7.7328 HK
dlrs,up from 7.7325 HK dlrs around the same time Wednesday. The interest
rate on overnight Hong Kong-dollar lending rose to an offered rate of
2.50% from Tuesday's 2.3750%.
-0- 0634GMT
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DATE: 199404120348
SUBJ: Tokyo Stocks -3: Nikkei Seen Testing 17,000 Thursday
The Nikkei index ranged between 17,344.03 points and
17,714.04 points Wednesday.
Dealers said the index will likely test 17,000
Thursday. The horizon remains largely devoid of news,
they said, and low volume continues to plague the
market.
"We could go back into a decline," said one player at
a Japanese securities firm. "The technical indicators
seem to indicate we could drop off very sharply."
Dealers said the Nikkei has firm support at 17,000.
"So far we've seen government buying coming in at that
level," said Wayne Rayner, a dealer at Sanyo Securities.
He said government pension-fund investment is likely to
buoy the index, as it has during recent sessions.
Officials have pledged 2.8 trillion yen of postal
life-insurance-fund investment in shares during the
fiscal year running through March 31. Rayner said
investment trusts are also likely to place buy orders
around 17,000 as are other participants who see the level
as a short-term bottom.
One dealer said "the line's drawn at 17,000. All bets
are off if we fall below that level." The consensus,
however, is that the index will stay above the key
figure Thursday. Most dealers said the Nikkei is likely
range bound between 17,000 and 17,500.
Interest rates remain in the market focus, with
players looking for hints of a German rate cut when that
country's central bankers meet Thursday. They say that
while the Tokyo Sagawa Kyubin political scandal
dominates Japanese headlines, it is unlikely to affect the
direction of dealings.
-0- 0347EDT
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DATE: 199404120348
SUBJ: *BOJ high official says mtgs between Grenspan, Mieno weren't occasion
for negotiation but for exchange of views
- - 0348EDT
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DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJ
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SOURCE: DowInt
DATE: 199404120235
SUBJ: *HK Mid-Afternoon Gold 344.40-344.90 (345.80-346.30) Dlrs/Ounce; 3179
(3191) HK Dlrs/Tael (1.1913 ounces)
-0- 0635GMT
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DATE: 199404120348
SUBJ: *German High Court Finds That Backpayments In Income Tax Ruling Not
Advisable
- - 0348EDT
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys JUNDT GROWTH FUND INC. Stock
ISSUER: JUNDT GROWTH FUND INC.
SYMBOL: JF
FILER: JUNDT JAMES R
TITLE: Officer and director.
PURCHASED: 9/8-25/92 30,000 13.25-13.41
OWNERSHIP: 59,872 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:07
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SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys JUNDT GROWTH FUND INC. Stock
ISSUER: JUNDT GROWTH FUND INC.
SYMBOL: JF
FILER: JUNDT JAMES RICHARD IRREV TRUST
TITLE: Beneficial owner.
PURCHASED: 9/8-25/92 30,000 13.25-13.41
OWNERSHIP: 54,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:07
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SOURCE: DowInt
DATE: 199404120235
SUBJ: Bonn Contemplates Alternatives If Maastricht Fails
By ALEX KETO
BONN -(AP-DJ)--Although German political leaders will go into Friday's
European Community (EC) summit publicly voicing vigorous support for the
Maastricht Treaty, they are privately starting to contemplate a future
without it.
'You have a huge gap between what is being said publicly and what is said
in private,' said Jochen Thies, a long-time German political analyst and
editor of Europa-Archiv, the country's leading journal of foreign affairs.
An erosion of German government support for the treaty, which contains
the EC's blueprint for a single currency and central bank, could further
cloud the prospects for the controversial monetary union. Already polls
are showing a sharp decline in support for Maastricht by the public and
business leaders.
However, analysts said even treaty skeptics are reluctant to let Germany
be seen as an impediment to European monetary union.
'There are a lot of second thoughts in the government,' Thies said. 'But
any German government, or the opposition, must not be perceived to be
blocking European union. However, since the Danish referendum, it has been
clear that Maastricht in the real meaning isn't coming into reality.'
Furthermore, German fears are growing that Britain will fail to approve
the treaty, which will effectively end dreams of a broad-based monetary
union.
- - 0636GMT
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DATE: 199404120236
SUBJ: Bonn Contemplates -2: German Fears May Endanger Treaty
'If the British fail to ratify the treaty, we have a completely new
situation,' said Ulrich Irmer, head of the foreign policy committee of the
Free Democratic Party (FDP).
'I can assure you that not only the German government but also the
parliament reflects about alternatives or about scenarios which might be
implemented if the Maastricht Treaty is rejected,' he added. 'Of course we
do this, but we don't say it in public because we are optimists.'
The FDP is the junior partner in Chancellor Helmut Kohl's ruling
coalition.
Irmer also indicated that a public admission that Germany was giving less
than 100% support to the Maastricht Treaty could in itself kill off any
chance the agreement has of surviving.
Irmer's comments contrast sharply with statements made by Kohl and
Economics Minister Juergen Moellemann, who both called for a unanimous
approval of the treaty by all 12 EC members without any renegotiation.
Kohl reiterated that position Monday following his meeting with EC
Commission President Jacques Delors to talk about Friday's summit.
Indeed, German politicians are privately saying that renegotiating the
treaty is impossible since some member states, such as Greece, Ireland,
and France, ratified the original version while other member states, such
as Britain and Germany, would be asked to approve a modified version.
However, divisions within the German government over what to do if
Maastricht fails makes its alternatives difficult to discern.
- - 0637GMT
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SOURCE: DowInt
DATE: 199404120237
SUBJ: Singapore RAS Commodity Exchange Rubber Futures
Rubber futures prices fixed by RAS at 0500GMT, Oct. 14 1992
Contract Month High Low Sett Vol Open Int
RSS 1 Nov 145.25 145.25 145.50 100 1125
Rss 1 Dec 144.25 143.75 143.75 400 3175
Rss 3 Nov 0.00 0.00 86.00 0 650
Rss 3 Dec 85.75 85.75 85.75 500 1400
TSR 20 Nov 133.25 133.25 133.75 120 1440
TSR 20 Dec 133.50 132.75 133.25 400 3640
(All Prices In Singapore Cents Per Kilo) -0- 14-10-92 Via KL 0638GMT
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DATE: 199404120349
SUBJ: Tokyo Stocks -4: Nikkei Seen Testing 17,000 Thursday
The Nikkei index ranged between 17,344.03 points and
17,714.04 points Wednesday.
Dealers said the index will likely test 17,000
Thursday. The horizon remains largely devoid of news,
they said, and low volume continues to plague the
market.
"We could go back into a decline," said one player at
a Japanese securities firm. "The technical indicators
seem to indicate we could drop off very sharply."
Dealers said the Nikkei has firm support at 17,000.
"So far we've seen government buying coming in at that
level," said Wayne Rayner, a dealer at Sanyo Securities.
He said government pension-fund investment is likely to
buoy the index, as it has during recent sessions.
Officials have pledged 2.8 trillion yen of postal
life-insurance-fund investment in shares during the
fiscal year running through March 31. Rayner said
investment trusts are also likely to place buy orders
around 17,000 as are other participants who see the level
as a short-term bottom.
One dealer said "the line's drawn at 17,000. All bets
are off if we fall below that level." The consensus,
however, is that the index will stay above the key
figure Thursday. Most dealers said the Nikkei is likely
range bound between 17,000 and 17,500.
Interest rates remain in the market focus, with
players looking for hints of a German rate cut when that
country's central bankers meet Thursday. They say that
while the Tokyo Sagawa Kyubin political scandal
dominates Japanese headlines, it is unlikely to affect the
direction of dealings.
-0- 0348EDT
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DATE: 199404120350
SUBJ: EC Summit/Britain -3: Major To Push For Subsidiarity
However, other countries with currencies still in the
ERM quickly made clear they are happy with the system's
current structure. Even Italy, which had been forced to
suspend its currency at the same time as the pound,
indicated it is prepared to rejoin the mechanism as soon
as it can.
Apart from Spain, which expressed some misgivings
over the ERM's operations, Britain has been left largely
isolated on the issue, with any talk of reform swiftly
dropped from the Birmingham agenda.
Success for Major at Birmingham will now rely on his
ability to wrench some concessions on Maastricht itself,
in the hope that this will make it more palatable to
Euroskeptics both in Britain and other EC countries.
Major, like other leaders, has already ruled out
renegotiation of the treaty itself. Instead, he will push
for concessions on subsidiarity - the policy of reducing
the power of the European Commission in Brussels in favor
of national governments.
But few expect the Prime Minister to have much luck
in achieving anything more than a token agreement. James
Capel's Skeoch sees at most a 40% chance of success.
The community's dominant nations - France and Germany
- are more interested in accelerating moves toward union
for fear of losing political momentum, analysts point
out.
Both countries officially deny plans for a 2-speed
Europe that will leave Britain and other weak countries
behind. However, senior Bonn officials continue to talk
of a multi-speed system indicating that Germany and
France, as well as the converging economies of Holland,
Belgium and Luxembourg, are unwilling to wait for weaker
members.
- - 0350EDT
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DATE: 199404120351
SUBJ: EC Summit/Britain -4: Danish Support
Subsidiarity also won't get support from smaller EC
countries, which are keen to give power to Brussels.
"They want the Commission to protect the interests of the
small players against the big players," Kleinwort's
Spencer pointed out.
The only country going to Birmingham supporting
Britain is Denmark. Although its currency is firmly
anchored inside the ERM, its government faces the
ticklish task of revamping the Maastricht Treaty to make
it acceptable to the Danes. They voted to reject the
treaty in a referendum held in early June.
Despite frantic diplomatic activity over the last few
weeks, there is little hope Britain will salvage much
from the meeting.
Lloyd's Foley feels that swiftly falling expectations
should reduce the political risks for the prime minister.
But, others still see a political tempest erupting if he
comes away from Birmingham empty-handed.
As many as 80 Conservative Members of Parliament,
much more than the government's 21 majority in the House
of Commons, are opposed to the treaty and keen to see
ratification blocked. Without concessions on subsidiarity
they are expected to whip up even more support.
However, opposition parties continue to support the
government on the issue and show little sign of joining
the highly vocal rebels. Ironically, this opposition
support could bring Major his badly needed victory in the
parliamentary battle over the ratification of Maastricht.
"It may get through by the skin of its teeth,"
predicted Skeoch.
-0- 0351EDT
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DATE: 199404120352
SUBJ: Australian Dollar Seen Headed To 0.7250 U.S. Dlr This Wk
SYDNEY -(AP-DJ)--The Australian dollar is expected to
head higher after firming Wednesday, with dealers
predicting a test of 0.7250 U.S. dollar over the next few
days.
Late Wednesday the Australian dollar is around 0.7225
U.S. dollar, up from 0.7215 U.S. dollar late Tuesday and at its
highest late local level in two and a half weeks.
Against its trade-weighted index the currency slipped
to 53.0 from 53.2 Tuesday. It was barely changed at 87.60
yen from 87.70 yen Tuesday.
During the local session the Australian dollar traded a
0.7215-0.7235 U.S. dollar band, having broken the 0.7225/30
U.S. dollar resistance level in New York Tuesday.
Dealers said that augurs well for the local currency,
but said the move up will be slow.
Ferdy Khouw at Citibank Ltd. said he expects a range of
0.7210-0.7240 U.S. dollar later Wednesday, with a further
climb in coming days.
"If it can get through 0.7270 I would be bullish but
until then I'm not overly bullish," Khouw said.
- - 0352EDT
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DATE: 199404120517
SUBJ: Insider Sells JUNO LIGHTING INC. Stock
ISSUER: JUNO LIGHTING INC.
SYMBOL: JUNO
FILER: FREMONT ROBERT S
TITLE: President.
SOLD: 9/30/92 219,200 15.00
OWNERSHIP: 1,464,856 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
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DATE: 199404120354
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII J
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW
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DATE: 199404120355
SUBJ: Japan's Trade Surplus -5: Six Month Surplus Record High
The finance ministry said the $52.46 billion surplus in
the first half of this fiscal year marked the record high
for any six month period, surpassing the previous record
surplus of $48.66 billion hit in the second half of the
fiscal year ended March 1992.
Moreover, the trade surplus hit its all-time monthly
high in September, surging to $12.07 billion. The previous
monthly record was set in March 1992, when the nation's
merchandise trade surplus came to $10.97 billion, the
finance ministry said.
For the first half ended Sept. 30, meanwhile, unadjusted
exports came to $168.14 billion, rising 9.9% from $153.06
billion in the corresponding period a year ago.
Japan's custom-cleared imports during the six months
were up 2.0% to $115.67 billion from $113.38 billion in
the same period a year ago.
-0- 0355EDT
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DATE: 199404120517
SUBJ: Insider Sells MERIDIAN DIAGNOSTICS INC. Stock
ISSUER: MERIDIAN DIAGNOSTICS INC.
SYMBOL: KITS
FILER: RUYAN JERRY L
TITLE: Officer, director and beneficial owner.
SOLD: 9/21/92 8,000 10.50
OWNERSHIP: 1,705,109 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
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SOURCE: DowInt
DATE: 199404120237
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh
iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt
uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF
GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR
SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ aaaaa bbbbb ccccc ddddd
eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll mmmmm nnnnn ooooo ppppp
qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx yyyyy zzzzz AAAAA BBBBB
CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ KKKKK LLLLL MMMMM NNNNN
OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV WWWWW XXXXX YYYYY ZZZZZ
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYYY ZZZZZ aa
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DATE: 199404120238
SUBJ: N.Z. Sovereign Debt -2: Confirmation Seen As Favorable
According to latest data, New Zealand recorded a current account deficit
of 29 million New Zealand dlrs in the second quarter of 1992, narrowing
from a deficit of 125 million NZ dlrs in the first quarter of 1992, which
in turn narrowed from a deficit of 346 million in the fourth quarter of
1991.
McFarlane said financial markets should react favorably to the
confirmation of the debt rating by Moody's.
'Reaffirmation of the government's rating is certainly not going to be
bad news,' McFarlane said.
The other main sovereign debt rating agency, Standard & Poor's Corp. at
present rates New Zealand government debt Double-A-minus, which is in line
with the Moody's rating.
-0- 0639GMT
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DATE: 199404120517
SUBJ: Insider Sells KIRSCHNER MEDICAL CORP. Stock
ISSUER: KIRSCHNER MEDICAL CORP.
SYMBOL: KMDC
FILER: KRAVITZ JOHN A
TITLE: Vice president.
SOLD: 9/30/92 3,000 7.00
OWNERSHIP: 10,974 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
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DATE: 199404120517
SUBJ: Insider Buys KOLLMORGEN CORP. Stock
ISSUER: KOLLMORGEN CORP.
SYMBOL: KOL
FILER: MAXWELL JOHN D JR
TITLE: Director.
PURCHASED: 9/1-10/92 2,100 4.25-4.50
OWNERSHIP: 33,295 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:08
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DATE: 199404120517
SUBJ: Insider Buys LIFETIME CORP. Stock
ISSUER: LIFETIME CORP.
SYMBOL: LFT
FILER: FRISCHLING CARL
TITLE: Director.
PURCHASED: 9/3/92 5,400 15.88-16.13
OWNERSHIP: 5,566 Direct
COMMENT: Open Market Purchase
10/14/92 03:08
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DATE: 199404120239
SUBJ: Tokyo Stocks End Lower; Nikkei 17,344.03, Down 0.84%
TOKYO -(AP-DJ)--Tokyo stocks ended mixed Wednesday, but the Nikkei index
plunged nearly 300 points during the final hour of trading to end at its
session low.
Dealers attributed the sell-off at day's end to index-linked arbitrage,
and said the fall was only coincidental with top Japanese powerbroker Shin
Kanemaru's announcement that he would resign from parliament to take
responsability for a recent scandal.
The Nikkei, which tracks 225 selected issues, fell 146.64 points to
17,344.03. The index rose 188.66 points Tuesday. The Nikkei closed the
1991 trading year at 22,983.77.
Brian Tobin, general manager of equity sales at S.G. Warburg Securities
(Japan) Inc., said participants are disappointed with the failure of
positive news to emerge from U.S. Federal Reserve Chairman Alan
Greenspan's meetings with Japanese monetary officials during the week. He
said the market was largely anticipating at least 'some whisper of a
concerted (U.S.-Japanese) rate cut.'
Advancing issues narrowly outnumbered retreating issues 494 to 414, while
183 issues were unchanged.
Volume on the First Section of the Tokyo Stock Exchange was estimated at
250 million shares, up from 204.98 million shares Tuesday.
- - 0639GMT
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DATE: 199404120240
SUBJ: Mideast Morning Dlr Firmer Vs Asian Levels In Quiet Market
MANAMA -(AP-DJ)--The dollar was firmer in Middle East trading Wednesday,
compared with its earlier Asian levels, in quiet dealings, dealers said.
Dealers said participants were very cautious to take speculative
positions as they anticipating flurry of news to influence the market in
the coming days.
Dealers are awaiting news later Wednesday to come out of Tokyo, where
U.S. and Japanese Monetary officials are meeting, and U.S. economic data
due for release later in the day and Thursday.
The Bundesbank's policy-making council is also expected to held its
monthly meeting on Thursday and dealers are awaiting eagerly to see if it
will realign its monetary policy, dealers said.
Around 0620 GMT, the dollar was quoted around 1.4655 Deutsche marks, up
from 1.4647 marks in Asia at 0200 GMT and also above 1.4640 marks late
Tuesday in New York.
The dollar was quoted slightly higher at 121.17 yen compared with 121.14
yen at 0200 GMT in Asia and above 121.10 yen at Tuesday's New York close.
Sterling was quoted around 1.7140 dlrs, up from 1.7134 dlrs earlier in
Asia but down from 1.7160 dlrs in New York Tuesday.
Dealers said they expected very narrow dollar ranges Wednesday of 1.4580
marks to 1.4660 marks and between 120.80 yen to 121.60 yen. For sterling
they predicted ranges of 17.110 dlrs to 1.7180 dlrs.
-0- 0640GMT
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===EOD===
ZCZC
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120241
SUBJ: Mideast Morning Dlr Firmer Vs Asian Levels In Quiet Market
MANAMA -(AP-DJ)--The dollar was firmer in Middle East trading Wednesday,
compared with its earlier Asian levels, in quiet dealings, dealers said.
Dealers said participants were very cautious to take speculative
positions as they anticipating flurry of news to influence the market in
the coming days.
Dealers are awaiting news later Wednesday to come out of Tokyo, where
U.S. and Japanese Monetary officials are meeting, and U.S. economic data
due for release later in the day and Thursday.
The Bundesbank's policy-making council is also expected to held its
monthly meeting on Thursday and dealers are awaiting eagerly to see if it
will realign its monetary policy, dealers said.
Around 0620 GMT, the dollar was quoted around 1.4655 Deutsche marks, up
from 1.4647 marks in Asia at 0200 GMT and also above 1.4640 marks late
Tuesday in New York.
The dollar was quoted slightly higher at 121.17 yen compared with 121.14
yen at 0200 GMT in Asia and above 121.10 yen at Tuesday's New York close.
Sterling was quoted around 1.7140 dlrs, up from 1.7134 dlrs earlier in
Asia but down from 1.7160 dlrs in New York Tuesday.
Dealers said they expected very narrow dollar ranges Wednesday of 1.4580
marks to 1.4660 marks and between 120.80 yen to 121.60 yen. For sterling
they predicted ranges of 17.110 dlrs to 1.7180 dlrs.
-0- 0641GMT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells MAIL BOXES ETC. Stock
ISSUER: MAIL BOXES ETC.
SYMBOL: MAIL
FILER: DESIO ANTHONY W
TITLE: President.
SOLD: 9/14-17/92 5,000 16.00
OWNERSHIP: 982,655 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Sells MAIL BOXES ETC. Stock
ISSUER: MAIL BOXES ETC.
SYMBOL: MAIL
FILER: DESIO TRUST
TITLE: Beneficial owner.
SOLD: 9/14-17/92 5,000 16.00
OWNERSHIP: 610,751 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEE
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120517
SUBJ: Insider Buys MERCHANTS GROUP INC. Stock
ISSUER: MERCHANTS GROUP INC.
SYMBOL: MGP
FILER: ZAK ROBERT M
TITLE: Vice president.
PURCHASED: 9/17/92 400 13.50
OWNERSHIP: 800 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys MODINE MANUFACTURING CO. Stock
ISSUER: MODINE MANUFACTURING CO.
SYMBOL: MODI
FILER: MODINE MANUF CO ESOIP
TITLE: Trustee.
PURCHASED: 9/25/92 57,314 30.00
OWNERSHIP: 2,793,943 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MODINE MANUFACTURING CO. Stock
ISSUER: MODINE MANUFACTURING CO.
SYMBOL: MODI
FILER: MODINE MANUF CO ESOIP
TITLE: Trustee.
SOLD: 9/25/92 12,581 30.00
OWNERSHIP: 2,793,943 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120242
SUBJ: Japan's Trade Surplus-2: Grows For 21st Consecutive Month
TOKYO -(AP-DJ)--Japan's trade surplus for September, before adjustment
for seasonal factors, was 12.07 billion dlrs, up 25% from the
9.66-billion-dlr surplus for the corresponding month a year earlier, the
Finance Ministry reported Monday.
September was the 21st consecutive month for which Japan's trade surplus
was bigger than in the corresponding month a year earlier. The
acceleration of the surplus is a politically sensitive issue between Japan
and the U.S. and other trading partners.
The latest surplus is in line with the average of forecasts by analysts
that -(AP-Dow Jones surveyed last week. They saw the surplus at 12.3
billion dlrs, reflecting exports of 30.4 billion dlrs and imports of 18.1
billion dlrs.
Japan's unadjusted surplus with the U.S. in September grew 5.8% to 4.84
billion dlrs from 4.58 billion dlrs a year ago for a year-on-year increase
for the sixth month in a row. In March, the surplus with the U.S. shrank
from year-earlier levels for the first time in eight months.
The finance ministry also released trade data Wednesday for the first
half of fiscal 1992. Japan's unadjusted trade surplus during the
April-September period grew 32% to 52.46 billion dlrs from 39.68 billion
dlrs in the corresponding term in the previous fiscal year. Japan's
unadjusted surplus with the U.S. during the six-month period increased 22%
to 21.16 billion dlrs from 17.37 billion dlrs a year earlier.
- - 0643GMT
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===EOD===
ZCZC
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120243
SUBJ: Bonn Contemplates -4: Officials Act To Soothe Public
'There has been deep uncertainty since the close outcome of the French
referendum,' Thies added. 'Since they don't know what to do, they are
continuing to say what they have always said.'
Although the German government is trying to maintain a united front in
support of Maastricht, some of its actions belie the doubts that are
swelling to the surface.
Most significantly, it promised the parliament last Thursday that it
wouldn't proceed with the full currency union without parliamentary
approval. The Maastricht Treaty itself makes no provision for this step.
While government officials have repeatedly denied publicly that the vote
is effectively a German 'opt-out' clause, they also refuse to discuss the
consequences of a 'no' vote by parliament.
'I couldn't imagine parliament not approving the entry of Germany into
monetary union if the criteria laid down in Maastricht are strictly met,'
said a finance ministry spokesman said.
Also last Thursday, Finance Minister Theo Waigel created a furor when he
said the single European currency envisioned by Maastricht wouldn't be the
European Currency Unit (ECU) but a Euro-mark. This raised fears that
Germany was outlining a smaller currency union than the one planned at
Maastricht.
Politicians have since said that Waigel's statements were meant only for
domestic consumption and to reassure German citizens that the European
currency would be at least as stable as the Deutsche mark.
'These are all things that are said in order to soothe the national
public,' Irmer said.
-0- 0644GMT
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===EOD===
ZCZC
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120244
SUBJ: Australian Housing-Finance Demand Waned In Sept, ABA Says
MELBOURNE -(AP-DJ)--Australian banks saw a 'marginal' reduction in demand
for housing finance in September from August, but the decline doesn't
suggest the nation's housing recovery has peaked, according to the
Australian Bankers' Association (ABA).
In a formal statement, the Association's Executive Director Alan Cullen
said Wednesday that 'banks advise some marginal easing in the level of
commitments from the strong August level in September, but no more than is
accounted for by month-to-month volatility.'
'The latest figures don't indicate that the housing recovery is topping
out yet,' Cullen said.
Cullen was commenting following news from the Australian Bureau of
Statistics that the number of housing-finance approvals in Australia rose
8.3% in August from July on a seasonally adjusted basis. The value of
housing-finance commitments rose 12.9% in August.
-0- 0645GMT
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===EOD===
ZCZC
Product: DI, Service: CO
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DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120245
SUBJ: ALL SUBSCRIBERS: The headline 'Tokyo Stocks End...' timed aroud 0639
GMT, should read 'Tokyo Stocks End Mixed;
Nikkei 17,344.03, Down 0.84%.' (correcting to 'mixed' from 'lower' to
reflect overall market.)
-0- 0646GMT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MODINE MANUFACTURING CO. Stock
ISSUER: MODINE MANUFACTURING CO.
SYMBOL: MODI
FILER: MODINE MANUF CO TRUST
TITLE: Beneficial owner.
SOLD: 9/25/92 22,367 30.00
OWNERSHIP: 1,384,975 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys MERRILL CORP. Stock
ISSUER: MERRILL CORP.
SYMBOL: MRLL
FILER: HOGE RONALD N
TITLE: Director.
PURCHASED: 9/8/92 4,000 9.38
OWNERSHIP: 5,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120245
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFF
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH IIIII JJJJJ
KKKKK LLLLL MMMMM NNNNN OOOOO PPPPP QQQQQ RRRRR SSSSS TTTTT UUUUU VVVVV
WWWWW XXXXX YYYY
NNNN
===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
HOT
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120255
SUBJ: *French Central Banker Hopes German Rates Can Come Down
- - 0655GMT
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===EOD===
ZCZC
Product: DI, Service: CO
Permanent, 90 Days
DJ International News Economic Wire
DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120255
SUBJ: Japan's Trade Surplus-3: Imports Up 8.6% From Year Ago
In September, overall exports, as measured when goods passed through
customs, rose 14% to 31.60 billion dlrs from 27.65 billion dlrs, for the
28th consecutive month of gain from the year-earlier level.
Japan's overall customs-cleared imports came to 19.53 billion dlrs, up
8.6% from 17.99 billion dlrs a year earlier. In August, imports fell on
year for the first time in four months.
The September unadjusted surplus was up 71% from the August unadjusted
surplus, while exports were 21% and imports were up 2.4%. For August the
surplus was 7.07 billion dlrs, up 24% from 5.70 billion dlrs a year
before. Exports in August were 26.14 billion dlrs, up 5.4%. Imports that
month came to 19.07 billion dlrs, down 0.2%. The Finance Ministry revised
the August surplus to smaller than the 7.50 billion yen that it initially
reported. The ministry originally reported exports at 26.53 billion dlrs
and imports 19.02 billion dlrs for August.
- - 0655GMT
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===EOD===
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DJ International News Economic Wire
Accession: 000000000000, Page:
SOURCE: DowInt
DATE: 199404120255
SUBJ: Australian Shares Close Softer On Directionless Trading
SYDNEY -(AP-DJ)--Australian stocks drifted to a softer close Wednesday
after directionless trading kept the main share index within a five-point
range.
The All-Ordinaries index closed down 3.2 points at 1,453.8.
The index, which started at 1,651.4, is almost back at its 18-month
closing low of 1,452.4, achieved Oct. 6.
The index drifted for most of the day, with weaker prices for some metals
and a drop in the gold price responsible for a drift down in some resource
stocks.
Trading was directionless despite stronger performances on international
markets Tuesday. Data showing an 8.3% growth in the volume of new
Australian housing approvals for August failed to move the market, traders
said.
Chris Kincaid, an institutional trader for brokerage BOS Stockbroking
Ltd. said 'investors were unprepared to commit themselves and take a
position in the present uncertain climate. He cited the U.S. presidential
election and the possibility of further monetary easings in the U.S. and
Germany as generating much of the uncertainty on financial markets.
Turnover on Australian markets totaled 112 million shares valued around
193 million Australian dlrs, compared with Tuesday's 111 million shares
valued around 207 million AUS dlrs.
Falls outnumbered rises 152 to 139.
On the Sydney Futures Exchange, the December share price index futures
contract fell to 1,446.0 from 1,457.0 Tuesday.
- - 0656GMT
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MERRILL CORP. Stock
ISSUER: MERRILL CORP.
SYMBOL: MRLL
FILER: NIENHOUSE ROBERT F
TITLE: Director.
SOLD: 9/3-25/92 20,000 9.25-10.00
OWNERSHIP: 563,846 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MEDICINE SHOPPE INTERNATIO Stock
ISSUER: MEDICINE SHOPPE INTERNATIONAL INC.
SYMBOL: MSII
FILER: LEVINE GARY M
TITLE: Officer.
SOLD: 9/25/92 3,000 23.75
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys MUNIYIELD NEW JERSEY FUND Stock
ISSUER: MUNIYIELD NEW JERSEY FUND INC.
SYMBOL: MYJ
FILER: GIORDANO VINCENT R
TITLE: Vice president.
PURCHASED: 9/28-30/92 2,525 14.87
OWNERSHIP: 2,525 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE F
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CC
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MYLEX CORP. Stock
ISSUER: MYLEX CORP.
SYMBOL: MYLX
FILER: GUPTA PARVEEN
TITLE: Officer.
SOLD: 9/2-8/92 15,000 4.30-4.42
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells MYLEX CORP. Stock
ISSUER: MYLEX CORP.
SYMBOL: MYLX
FILER: KHALED IBRAHIM
TITLE: Officer.
SOLD: 9/3/92 5,000 4.38
OWNERSHIP: 5,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: ANDERSON DONALD H
TITLE: President.
SOLD: 9/2/92 1,000 28.50
OWNERSHIP: 40,174 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: BIDDLE WAYNE T
TITLE: Director.
SOLD: 9/11/92 1,000 28.75
OWNERSHIP: 10,650 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: CARLSON ERIK B
TITLE: Vice president.
SOLD: 9/22/92 2,000 30.25
OWNERSHIP: 32,685 Direct Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: DICKEY WILLIAM S
TITLE: Officer.
SOLD: 9/3/92 500 28.88
OWNERSHIP: 0 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:08
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: GRACE J ROGER
TITLE: Vice president.
SOLD: 9/2/92 400 28.50
OWNERSHIP: 12,268 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells ASSOCIATED NATURAL GAS COR Stock
ISSUER: ASSOCIATED NATURAL GAS CORP
SYMBOL: NGA
FILER: QUIGLEY MICHAEL J
TITLE: Officer and director.
SOLD: 9/22/92 500 30.50
OWNERSHIP: 33,771 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFF
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells OXFORD HEALTH PLANS INC. Stock
ISSUER: OXFORD HEALTH PLANS INC.
SYMBOL: OXHP
FILER: SAFIRSTEIN BENJAMIN H
TITLE: Director.
SOLD: 8/13/92-9/23/92 2,500 27.63-36.00
OWNERSHIP: 18,733 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys PARLUX FRAGRANCES INC. Stock
ISSUER: PARLUX FRAGRANCES INC.
SYMBOL: PARL
FILER: LEKACH ILIA
TITLE: Director and beneficial owner.
PURCHASED: 9/8-29/92 12,800 3.00-3.38
OWNERSHIP: 715,922 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys PARLUX FRAGRANCES INC. Stock
ISSUER: PARLUX FRAGRANCES INC.
SYMBOL: PARL
FILER: PACIFIC INVESTMENT GROUP INC
TITLE: Beneficial owner.
PURCHASED: 9/8-29/92 12,800 3.00-3.38
OWNERSHIP: 565,922 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys PLAYERS INTERNATIONAL INC. Stock
ISSUER: PLAYERS INTERNATIONAL INC.
SYMBOL: PLAY
FILER: GOLDBERG HARVEY
TITLE: Vice president.
PURCHASED: 9/21/92 1,000 1.00
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PENRIL DATACOMM NETWORKS I Stock
ISSUER: PENRIL DATACOMM NETWORKS INC.
SYMBOL: PNRL
FILER: RICE JAMES S
TITLE: Director.
SOLD: 9/11/92 4,000 5.25
OWNERSHIP: 0 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PEER REVIEW ANALYSIS INC. Stock
ISSUER: PEER REVIEW ANALYSIS INC.
SYMBOL: PRAI
FILER: ROBBINS RUSSELL G
TITLE: Officer and director.
SOLD: 9/15-24/92 22,000 3.50-3.88
OWNERSHIP: 5,500 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PREMIER ANESTHESIA INC. Stock
ISSUER: PREMIER ANESTHESIA INC.
SYMBOL: PRAN
FILER: BALLARD RICHARD D
TITLE: President.
SOLD: 9/17/92 1,700 9.00
OWNERSHIP: 5,250 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys PERRIGO CO. Stock
ISSUER: PERRIGO CO.
SYMBOL: PRGO
FILER: JALENAK LEO R JR
TITLE: Director.
ADDRESS: GIBSON GREETINGS INC.
2100 SECTION ROAD
CINCINNATI, OH 45237
PHONE: (513)841-6600
PURCHASED: 9/30/92 500 32.00
OWNERSHIP: 14,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PROGRESS SOFTWARE CORP. Stock
ISSUER: PROGRESS SOFTWARE CORP.
SYMBOL: PRGS
FILER: CARMERIS DEAN L
TITLE: Officer.
SOLD: 9/29/92 5,000 47.25
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG H
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF G
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PROGRESS SOFTWARE CORP. Stock
ISSUER: PROGRESS SOFTWARE CORP.
SYMBOL: PRGS
FILER: JOHNSON CARY L
TITLE: Officer.
SOLD: 9/29/92 10,000 46.31
OWNERSHIP: 0 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PAC RIM HOLDING CORP. Stock
ISSUER: PAC RIM HOLDING CORP.
SYMBOL: PRIM
FILER: BRAUN STANLEY
TITLE: President.
SOLD: 9/1-4/92 17,000 3.38
OWNERSHIP: 392,883 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PHARMACEUTICAL RESOURCES I Stock
ISSUER: PHARMACEUTICAL RESOURCES INC.
SYMBOL: PRX
FILER: PATEL ASHOK
TITLE: Beneficial owner.
SOLD: 9/3-25/92 24,500 5.50-7.25
OWNERSHIP: 281,263 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PUBLIC STORAGE PROPERTIES Stock
ISSUER: PUBLIC STORAGE PROPERTIES VIII INC. CL A
SYMBOL: PSJ
FILER: HUGHES B WAYNE
TITLE: President.
SOLD: 9/3/92 2,434 16.13
OWNERSHIP: 0 Indirect Common Class I
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PUGET SOUND BANCORP Stock
ISSUER: PUGET SOUND BANCORP
SYMBOL: PSNB
FILER: CLARK DALE E
TITLE: Vice president.
SOLD: 9/3/92 3,000 41.25
OWNERSHIP: 1,320 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells PUGET SOUND BANCORP Stock
ISSUER: PUGET SOUND BANCORP
SYMBOL: PSNB
FILER: MAXWELL JAMES L
TITLE: Shareholder.
SOLD: 9/3/92 1,700 41.00-41.25
OWNERSHIP: 24,678 Direct Common
COMMENT: Open Market Sale
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys PUBLIC STORAGE PROPERTIES Stock
ISSUER: PUBLIC STORAGE PROPERTIES XVIII INC.
SYMBOL: PSW
FILER: HUGHES B WAYNE
TITLE: President.
PURCHASED: 9/3-30/92 6,200 9.63-10.25
OWNERSHIP: 90,774 Indirect Common Class I
COMMENT: Open Market Purchase
10/14/92 03:09
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Sells RETIX INC. Stock
ISSUER: RETIX INC.
SYMBOL: RETX
FILER: PHILLIPS RANDY
TITLE: Divisional officer.
SOLD: 9/9/92 1,000 11.00
OWNERSHIP: 149 Direct Common
COMMENT: Open Market Sale
10/14/92 03:10
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG HHHHH
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys ROCK FINANCIAL CORP. Stock
ISSUER: ROCK FINANCIAL CORP.
SYMBOL: RFIN
FILER: BENNETT JOHN T
TITLE: Chairman of the board.
PURCHASED: 9/22/92 350 10.00
OWNERSHIP: 350 Indirect Common
COMMENT: Open Market Purchase
10/14/92 03:10
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120518
SUBJ: Insider Buys ROCK FINANCIAL CORP. Stock
ISSUER: ROCK FINANCIAL CORP.
SYMBOL: RFIN
FILER: COLE J WELDON
TITLE: Director.
PURCHASED: 9/22/92 22,425 10.00
OWNERSHIP: 22,425 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:10
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys RESPONSE TECHNOLOGIES INC. Stock
ISSUER: RESPONSE TECHNOLOGIES INC.
SYMBOL: RTK
FILER: WEST WILLIAM H
TITLE: President.
PURCHASED: 9/7/92 5,000 4.13
OWNERSHIP: 2,522,900 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:10
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys SUNBELT NURSERY GROUP INC. Stock
ISSUER: SUNBELT NURSERY GROUP INC.
SYMBOL: SBN
FILER: JOHNSON CLARK A
TITLE: Chairman of the board.
ADDRESS: PIER 1 IMPORTS INC.
301 COMMERCE STREET
SUITE 600
FORT WORTH, TX 76102
PHONE: (817)878-8000
PURCHASED: 9/11/92 10,000 5.28
OWNERSHIP: 16,000 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:10
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells SONESTA INTERNATIONAL HOTE Stock
ISSUER: SONESTA INTERNATIONAL HOTELS CORP.
SYMBOL: SNSTA
FILER: SONNABEND STEPHEN
TITLE: Director and beneficial owner.
SOLD: 8/26/92 110,000 7.50
OWNERSHIP: 215,710 Direct Common
COMMENT: Private Sale
10/14/92 03:11
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells SONESTA INTERNATIONAL HOTE Stock
ISSUER: SONESTA INTERNATIONAL HOTELS CORP.
SYMBOL: SNSTA
FILER: SONNABEND THOMAS A
TITLE: Beneficial owner.
SOLD: 8/26/92 15,000 7.50
OWNERSHIP: 72,708 Direct Common
COMMENT: Private Sale
10/14/92 03:11
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells SONESTA INTERNATIONAL HOTE Stock
ISSUER: SONESTA INTERNATIONAL HOTELS CORP.
SYMBOL: SNSTA
FILER: WAGNER PATTI S
TITLE: Beneficial owner.
SOLD: 8/26/92 10,428 7.50
OWNERSHIP: 17,356 Direct Common
COMMENT: Private Sale
10/14/92 03:11
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells SOMATIX THERAPY CORP. Stock
ISSUER: SOMATIX THERAPY CORP.
SYMBOL: SOMA
FILER: ARCHER JOHN M
TITLE: Vice president.
SOLD: 9/29/92 4,000 7.38-7.63
OWNERSHIP: 4 Direct Common
COMMENT: Open Market Sale
10/14/92 03:11
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG H
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGG
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells TERADYNE INC. Stock
ISSUER: TERADYNE INC.
SYMBOL: TER
FILER: VANVEEN FREDERICK T
TITLE: Vice president.
ADDRESS: TERADYNE INC.
321 HARRISON AVENUE
BOSTON, MA 02118
PHONE: (617)482-2700
SOLD: 9/3-15/92 13,000 14.00
OWNERSHIP: 14,630 Direct Common
COMMENT: Open Market Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells TAKECARE INC. Stock
ISSUER: TAKECARE INC.
SYMBOL: TKCR
FILER: GREFENSTETTE & CRAIG TRUSTEES
TITLE: Beneficial owner.
PHONE:
SOLD: 9/30/92 532,500 37.50
OWNERSHIP: 1,856,260 Indirect Common
COMMENT: Open Market Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys TECHNITROL INC. Stock
ISSUER: TECHNITROL INC.
SYMBOL: TNL
FILER: HUMES GRAHAM
TITLE: Director.
PURCHASED: 9/25/92 1,000 20.63
OWNERSHIP: 3,500 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys VENTURA COUNTY NATIONAL BA Stock
ISSUER: VENTURA COUNTY NATIONAL BANCORP
SYMBOL: VCNB
FILER: BENNETT RALPH R
TITLE: Director.
PURCHASED: 9/29-30/92 2,000 3.25
OWNERSHIP: 5,695 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells VENTURE STORES INC. Stock
ISSUER: VENTURE STORES INC.
SYMBOL: VEN
FILER: ELLER CALVIN C
TITLE: Vice president.
SOLD: 9/15/92 3,000 26.50-26.63
OWNERSHIP: 11,492 Direct Common
COMMENT: Open Market Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells VALUE HEALTH INC. Stock
ISSUER: VALUE HEALTH INC.
SYMBOL: VHII
FILER: WARBURG PINCUS CAP CO LP
TITLE: Beneficial owner.
SOLD: 9/17-22/92 122,250 25.75-27.00
OWNERSHIP: 7,500,000 Direct Common
COMMENT: Open Market Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys VSB BANCORP INC. Stock
ISSUER: VSB BANCORP INC.
SYMBOL: VSBC
FILER: INTORRE LOUIS GLEN
TITLE: Vice president.
PURCHASED: 9/2-8/92 550 14.00
OWNERSHIP: 750 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: AAAAA BBBBB CCCCC DDDDD EEEEE FFFFF GGGGG
aaaaa bbbbb ccccc ddddd eeeee fffff ggggg hhhhh iiiii jjjjj kkkkk lllll
mmmmm nnnnn ooooo ppppp qqqqq rrrrr sssss ttttt uuuuu vvvvv wwwww xxxxx
yyyyy zzzzz AAAAA BBBBB CCCCC DDDDD EEEE
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells ROADMASTER INDUSTRIES INC. Stock
ISSUER: ROADMASTER INDUSTRIES INC.
SYMBOL: WHEL
FILER: EQUITEX INC
TITLE: Beneficial owner.
SOLD: 8/27/92 200,000 1.48
OWNERSHIP: 5,322,500 Direct Common
COMMENT: Private Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Sells WOLOHAN LUMBER CO. Stock
ISSUER: WOLOHAN LUMBER CO.
SYMBOL: WLHN
FILER: WOLOHAN THOMAS R
TITLE: Officer.
SOLD: 9/21/92 5,000 21.50
OWNERSHIP: 125,963 Direct Common
COMMENT: Open Market Sale
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys W-W CAPITAL CORP. Stock
ISSUER: W-W CAPITAL CORP.
SYMBOL: WWC
FILER: PATTON DAVID L
TITLE: Director.
PURCHASED: 9/2-9/92 54,385 2.00-2.06
OWNERSHIP: 351,923 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120519
SUBJ: Insider Buys YES CLOTHING CO. Stock
ISSUER: YES CLOTHING CO.
SYMBOL: YSCO
FILER: RANDALL GEORGE W
TITLE: Chairman of the board.
PURCHASED: 9/24/92 1,000 2.63
OWNERSHIP: 1,509,500 Direct Common
COMMENT: Open Market Purchase
10/14/92 03:12
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Temporary, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120823
SUBJ: Good Morning From Federal Filings
FORM TYPE: INFO
10/14/92 08:20
NNNN
===EOD===
ZCZC
Product: FF, Service: CO
Permanent, 90 Days
Federal Filings
Federal Filings
Accession: 000000000000, Page:
SOURCE: FedFil
DATE: 199404120824
SUBJ: Economic Indicators Available Via Fax For 10/14/92
ISSUER: FEDERAL FILINGS, INC.
SYMBOL: X.FFI
Full-text copies of the following Economic Indicators are available
via fax within minutes of their release. Call 1-800-359-0032 and simply
follow the automated instructions. Have your PIN number ready. First time
callers will be transferred to an operator.
ECONOMIC INDICATOR RELEASES SCHEDULED FOR 10/14/92
DOCUMENT RELEASE TIME RELEASE PRICE
-------- ------------ ------- -----
3029 8:30 EDT Retail Sales $ 7
3062 8:30 EDT Producer Price Index $ 9
For customer support, call 202-628-8915.
10/14/92 08:22
NNNN
===EOD===
From jvncnet!wilbur.coyote.trw.com!cwong Tue Apr 19 10:21:48 1994