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kapok corp kpk st qtr dec loss shr loss cts vs loss cts net loss vs loss revs vs avg shrs vs reuter | 2earn
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preferred healthcare ltd phcc th qtr net shr six cts vs four cts net vs revs vs mths shr cts vs cts net vs revs vs reuter | 2earn
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tranzonic cos tnz sets quarterly qtly div cts vs cts prior pay april record march reuter | 2earn
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cronus industries inc crns th qtr loss oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln mths oper shr loss cts vs loss cts oper net loss vs loss revs mln vs mln note excludes income from discontinued operations of vs for qtr and mln vs for year excludes extraordinary charge of for current qtr and for year reuter | 2earn
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mercury entertainment corp mcry year nov shr loss four cts vs loss one ct net loss vs loss revs vs reuter | 2earn
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benguet corp be calendar net income mln pesos vs mln operating revenues billion vs billion operating profit mln vs mln earnings per share vs note company statement said gold operations contributed pct of consolidated earnings reuter | 2earn
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unocal ucl unit cuts crude oil posted prices unocal corp s union oil co said it lowered its posted prices for crude oil one to dlrs a barrel in the eastern region of the u s effective feb union said a dlrs cut brings its posted price for the u s benchmark grade west texas intermediate to dlrs louisiana sweet also was lowered dlrs to dlrs the company said no changes were made in union s posted prices for west coast grades of crude oil the company said reuter | 1crude
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investor group has talks with pesch on ami ami wedge group inc a houston investment firm with a pct stake in american medical international inc said it has had talks with pesch and co which is seeking control of the company in a filing with the securities and exchange commission wedge which is owned by issam fares a lebanese citizen living in switzerland also said it discussed the possibility of joining with others in its own bid to seek control of ami wedge stressed that it has no current plans to seek control of ami but refused to rule out a takeover try in the future wedge said it has had discussions with ami management pesch the closely held health care and investment concern controlled by chicago physician leroy pesch and other ami shareholders it did not specify in its sec filing which issues selling its ami stake or joining with others in a takeover try were discussed with which group but it said the talks did not produce any agreements or understandings wedge said it believes that some form of restructuring of ami and its business would be highly desirable and appropriate at this time wedge which holds mln shares of ami common stock said it plans to hold further talks with company management pesch and other shareholders pesch last week sweetened his bid for the company to dlrs a share in cash and securties or billion dlrs based on ami s total outstanding from an all cash dlr a share bid which the company rejected reuter | 0acq
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i m s international inc imsi sets quarterly qtly div four cts vs four cts prior pay march record march reuter | 2earn
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banner bnr completes tender for rexnord rex banner industries inc said mln of the outstanding mln shares in rexnord inc were tendered pursuant to its dlr a share offer that closed at midnight est feb together with the five mln rexnard shares it already owns the company said it now holds a pct stake in the company it said the completion of the deal is subject to approval by rexnard holders and to other closing conditions it expects the deal to close in about days reuter | 0acq
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mutual of omaha interest shares muo qtly div qtly div cts vs cts prior pay april one record march reuter | 2earn
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corrected bankamerica negotiating units sale bank of america nt and sa s bac n west german branch said it is negotiating the sale of bankhaus centrale credit ag a small local west german bank it acquired in and of its west german visa credit card operation michael seibel bank of america vice president and regional manager said the negotiations were proceeding well he declined to give further details bank of america s west german branch lost some mln marks in the result includes profit and loss transfers from bankhaus centrale credit and the visa organisation the sale of the units is part of the bank s worldwide restructuring plan corrects year of loss in third paragraph in item which originally ran february reuter | 0acq
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osr osrc to make acquisition osr corp said it has agreed to acquire the properties and assets of telcom international group for mln common shares which would give former telcom owners an pct interest in the combined company telcom is an international film and television distributor the assets being acquired consist mostly of distribution rights to films valued at over one mln dlrs the company said osr said as part of the acquisition agreement is is required to sell its pct interest in standard knickerbocker ltd which makes jeans in canada osr said it expects to net about dlrs on the sale of standard knickerbocker the company said both transactions are subject to approval by shareholders at a meeting to be held in april or may it said reuter | 0acq
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mercury entertainment mcry sees better results mercury entertainment corp said it expects improved results in the company today reported a loss for the year ended november of dlrs on revenues of dlrs compared with a loss of dlrs on revenues of dlrs a year before reuter | 2earn
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cronus industries inc crns sells unit cronus industries inc said it agreed to sell its heat transfer equipment business southwestern engineering co for a slight premium over book value plus a release of cronus from liability on approximately three mln dlrs of subsidiary indebtedness the company said the sale to a subsidiary of senior engineering group plc a british company will take place this month reuter | 0acq
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unisys corp uis sets quarterly qtly div cts vs cts prior pay may seven record april seven reuter | 2earn
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jacobson jcbs votes split increases payout jacobson stores inc said its board voted a three for two stock split payble march record march in other action jacobson s directors approved an increase in its quarterly dividend to cts on a post split basis payable april record march the new dividend rate represents a pct increase over the cts paid quarterly on a pre split basis reuter | 2earn
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harley davidson inc hdi th qtr net oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs year oper shr cts vs cts oper net vs revs mln vs mln avg shrs vs note results exclude one time gains of or four cts and or cts for qtr and year vs gains of or dlrs and or dlrs for prior periods reuter | 2earn
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hoechst ag completes celanese cz acquisition hoechst ag of west germany said it has completed the acquisition of celanese corp hoechst acquired a majority of celanese shares in a recent tender offer at dlrs per common share reuter | 0acq
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americus trust hpu extends deadline americus trust for american home products shares said it extended its deadline for accepting tendered shares until november an extension of nine months the trust which will accept up to mln shares of american home products ahp said it has already received tenders for about four mln shares the trust is managed by alex brown and sons inc absb and was formed november reuter | 0acq
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morse shoe inc mrs th qtr net shr cts vs cts net vs revs mln vs mln mths shr dlrs vs dlrs net vs revs mln vs reuter | 2earn
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versatile to build polar ice breaker versatile corp s shipbuilding subsidiary has a letter of intent to build a mln dlr polar icebreaker for the canadian coast guard transport minister john crosbie said in a vancouver address crosbie said versatile pacific shipyards inc was the low bidder to build the arctic class icebreaker but the company must meet certain financial and engineering conditions before the contract is awarded the government also announced it will provide up to mln dlrs in loan insurance to help versatile prepare for the construction of the vessel said before the contract can be awarded versatile will be required to offer assurances that the shipyard is technically and financially capable of performing the work crosibie said versatile s bid was mln dlrs lower than competing bidders and will generate person years of direct employment work on the vessel which crosbie said would be the most powerful icebreaker in the world would begin next year and completed in the government announced plans to build the icebreaker last year following the controversial passage of the u s coast guard s vessel the polar sea through the disputed northwest passage the u s government did not seek permission for the journey claiming the area was an international water way the government said the icebreaker was needed to back up the country s claim of sovereignty in the arctic reuter | 6ship
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pantry inc inb talks on being acquired privately held pantry inc which operates convenience stores in five southeastern states said it has engaged alex brown and sons inc absb to explore a possbile sale of the company it said it expects to start talks with prospective acquirers shortly the company said it has been approached by a number of parties in recent months reuter | 0acq
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congress video group inc cvgi rd qtr net qtr ends dec shr profit three cts vs loss three cts net profit vs loss revs vs avg shrs vs nine mths shr loss cts vs profit cts net loss vs profit revs vs mln avg shrs vs note net includes tax gain carryforward from discontinued operations of master s merchandise group in year prior reuter | 2earn
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renouf corp to proceed with benequity bh bid renouf corp of new zealand said it has decided to proceed with its offer for all outstanding units of benequity holdings at dlrs per unit the company had been required to redice by march two whether to proceed with the offer or terminate it based on its ability to obtain financing and on its review of benequity operations the offer is to expire march reuter | 0acq
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thunander corp thdr year net shr cts vs cts net vs sales mln vs mln note results include operations of bmd of new england inc acquired sept reuter | 2earn
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final trust for thrift institutions payout set massachusetts financial services co said it has set the final income and capital gain distributions for trust for thrift institutions high yield series of dlrs and dlrs respectively payable today reuter | 2earn
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rospatch to respond to diagnostic bid | 2earn
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franklin insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin insured tax free income fund reuter | 2earn
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franklin minnesota insured sets payout mthly div cts vs cts prior pay march record march note franklin minneosta insured tax free income fund reuter | 2earn
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franklin michigan insured sets payout mthly div cts vs cts prior pay march record march note franklin michigan insured tax free income fund reuter | 2earn
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franklin massachusetts insured cuts payout mthly div cts vs cts prior pay march record march note franklin massachusetts insured tax free income fund reuter | 2earn
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franklin california tax free sets payout mthly div cts vs cts prior pay march record march note franklin california insured tax free income fund reuter | 2earn
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diagnostic products dpcz sees earnings growth diagnostic products corp president and chief executive officer sigi ziering said he expects to maintain the same compound average annal net income growth in as the company has for the past five years we expect the same performance in net income over the next five years as we have had in the past ziering said over the past five years ziering said the company has had average compound net income growth of pct annually with a pct per year growth in earnings per share for the company had net income of mln dlrs or dlrs per share vs mln dlrs or cts per share in diagnostic manufactures medical immunological diagnostic test kits ziering said he expects the earnings growth to result from positive effect of the weaker dollar on the company s exports sales as well as accelerated market penetration ziering said he expected the food and drug administration to approve three more of its drug abuse test kits by the end of the year which depending on approval should also help earnings growth ziering said as a result of the new tax laws he expected the company s taxes to decrease by five pct to pct of net income in reuter | 2earn
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dunkin donuts inc dunk st qtr jan net shr cts vs cts net vs revs mln vs mln reuter | 2earn
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ccr video corp cccr st qtr nov net shr profit two cts vs loss cts net profit vs loss revs vs reuter | 2earn
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franklin puerto rico tax free sets payout mthly div cts vs cts prior pay march record march note franklin puerto rico tax free income fund reuter | 2earn
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franklin ohio insured tax free sets payout mthly div cts vs cts prior pay march record march note franklin ohio insured tax free income fund reuter | 2earn
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franklin high yield tax free sets payout mthly div cts vs cts prior pay march record march note franklin high yield insured tax free income fund reuter | 2earn
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convergent technologies cvgt to buy oakleaf convergent technologies inc said it has reached an agreement in principle to buy oakleaf corp which supplies finance insurance and leasing computers to auto dealers the transaction will involve an exchange of oakleaf stock for cash and debt and is subject to a definitive agreement the companys said no other terms were disclosed oakleaf had sales of about mln dlrs reuter | 0acq
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nymex will expand off hour trading april one the new york mercantile exchange set april one for the debut of a new procedure in the energy complex that will increase the use of energy futures worldwide on april one nymex will allow oil traders that do not hold a futures position to initiate after the exchange closes a transaction that can subsequently be hedged in the futures market according to an exchange spokeswoman this will change the way oil is transacted in the real world said said thomas mckiernan mckiernan and co chairman foreign traders will be able to hedge trades against nymex prices before the exchange opens and negotiate prices at a differential to nymex prices mckiernan explained the expanded program will serve the industry because the oil market does not close when nymex does said frank capozza secretary of century resources inc the rule change which has already taken effect for platinum futures on nymex is expected to increase the open interest and liquidity in u s energy futures according to traders and analysts currently at least one trader in this transaction called an exchange for physical or efp must hold a futures position before entering into the transaction under the new arrangement neither party has to hold a futures position before entering into an efp and one or both parties can offset their cash transaction with a futures contract the next day according to exchange officials when nymex announced its proposed rule change in december nymex president rosemary mcfadden said expansion of the efp provision will add to globalization of the energy markets by providing for in effect hour trading the commodity futures trading commission approved the rule change in february according to a cftc spokeswoman reuter | 1crude
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rospatch rpch to respond to diagnostic drs rospatch corp said it will have a news release later in response to today s acquisition bid by diagnostic retrieval systems inc for dlrs a share rospatch earlier requested its stock be halted in over the counter trading last trade diagnostic said its bid was for a total mln dlrs through a cash tender offer for all but not less than pct of rosptach outstanding common for its fourth quarter ended december rospatch reported net loss or dlrs a share compared a loss of or cts profit for the period in december the brookehill group in new york said it had pct stake j a parini rospatch chief executive responded on january eight by saying the investment was a vote in confidence in the company reuter | 0acq
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green tree acceptance inc gnt sets dividend qtly dividend cts vs cts pay march record march reuter | 2earn
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rospatch corp rejects offer from diagnostic retrieval systems inc | 0acq
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north american group namg buys georgia firm north american group ltd s north american acquisition corp said it has a definitive agreement to buy pct of pioneer business group inc of atlanta terms of the acquisition were not disclosed closing of the acquisition is scheduled for april north american acquisition said the agreement is subject to due diligence and a satisfactory review of pioneer s operation pioneer makes business forms reuter | 0acq
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talking point viacom international via a bidding war for viacom international inc one of the largest u s entertainment companies pitted a management group and other investors against national amusements inc a closely held theater operator both sides raised their bids over the weekend a source close to the management side insisted that timing was on his side he said if outside directors approve the management proposal a merger plan could be put to a vote of shareholders with proxy material going out late this week it would take days from the day we mail said the source the source predicted national amusements controlled by investor sumner redstone would need half a year to complete a tender offer because of the regulatory approvals that must accompany any change in control of viacom s broadcast licenses and cable television franchises redstone was not available for comment some of wall street s arbitrage players said it was a rare situation that could only be enjoyed a true bidding war one said redstone could begin a tender offer whenever he wanted and if enough people were convinced his proposal was superior to the viacom management plan he would have a chance to win the independent directors of viacom were called into a meeting today word on a decision was expected early tomorrow viacom shares climbed to by midafternoon one major wall street firm issued a sell recommendation we think we re at the end now in terms of bidding said the firm s arbitrageur who spoke on condition he not be identified both redstone s proposal and the management proposal would create a restructured company heavily leveraged with debt the management plan would result in a balance sheet with about billion dlrs in debt and nearly mln dlrs in preferred stock convertible into pct of the common stock redstone s newest proposal offers holders dlrs in cash a fraction of a share of exchangeable preferred stock with a value of dlrs and one fifth of a share of common stock stock of arsenal holdings representing pct of the equity interest in the restructured viacom one arbitrageur calculated the equity in the redstone plan was worth dlrs making the total package worth dlrs per share management offered dlrs in cash exchangeable preferred stock worth dlrs and a fractional share of convertible preferred the arbitrageur said the equity portion was worth about dlrs for a total of dlrs redstone s newest plan raised the amount of interest he would pay on the cash portion of his offer for every day beyond april that a merger with arsenal is not consummated the plan calls for intest to be paid at an annual rate of nine pct during may and pct thereafter previously redstone offered eight pct interest other arbitrageurs said both redstone and the management group led by president and chief executive terrence elkes were offering high prices redstone really wants to own the company one said another said management seemed to have the edge on the timing issue redstone s company owns pct ov viacom s mln shares a wall street analyst said it was hard to determine what the equity in the newly leveraged company would be worth he noted as an example that new stock in fmc corp fmc which adopted a highly leveraged structure last year inititally traded at dlrs per share dipped to nine dlrs and is now just over dlrs last week viacom reported fourth quarter earnings fell two two cts per share from cts the company said interest costs from several acquisitions affected results shares of warner communications inc wci rose to analysts noted warner owns warrants to purchase mln viacom shares at dlrs and another mln shares at dlrs chris craft industries ccn which owns a stake in warner rose to viacom was created in and spun off from cbs inc cbs the company has cable television subscribers operates nine satellite television services and owns television and radio stations it is one of the largest distributors of films and other programs for television reuter | 0acq
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up right inc upri th qtr oper net oper shr five cts vs cts oper net vs revs mln vs mln year oper shr cts vs cts oper net vs revs mln vs mln note oper data does not include th qtr extraordinary credit of dlrs or th qtr extraordinary loss of dlrs or five cts per shr for year does not include extraordinary credit of dlrs or three cts per shr in and dlrs or five cts per shr in reuter | 2earn
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talks show new canadian confidence group says canada s decision to raise the issue of a free trade pact with the u s was a sign of what many see as a new spirit of canadian self confidence a public policy study group said it suggests the canada of the immediate post war period when it was a major player in the process of building a postwar world the washington based atlantic council said u s and canadian negotiators opened talks last summer aimed at dismantling trade barriers between the two countries the world s biggest trading partners with crossborder shipments of about billion dlrs annually the council s study said the trade talks with a deadline of october for an agreement are the biggest issue in u s canadian relations the study said liberalized trade between the two countries would improve the competitiveness of their economies in world markets and lessen trade irritants which now mar their ties the council said in the past most canadians have shied away from the notion of a free trade arrangement fearing to be overwhelmed economically and politically by a closer association with a country times their size in population but at the same time it added canadians realized their domestic market was too small to permit the mass production and sales needed to raise productivity to the level demanded by an increasingly competitive world the council said that in the talks canada is chiefly interested in minimizing the imposing of u s duties against allegedly subsidized exports a recent example was the per cent duty the u s imposed on canadian lumber exports on grounds the shipments were being subsidized the council said the chief u s concerns included ending curbs against u s banking insurance telecommunications and the so called cultural industries publishing broadcasting and films it said other major u s canadian issues were defense cooperation acid rain and the u s rejection of a canadian assertion of sovereignty over waters of the northwest passage reuter | 7trade
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albertson s inc abs raises qtly dividend shr cts vs cts pay may record may eight reuter | 2earn
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wavehill international to make acquisition wavehill international ventures inc said it has agreed to acquire personal computer rental corp of coral gables fla in a transaction in which shareholders of personal computer will receive shares respresenting about a pct interest in the combined company the company said it will have about two mln shares outstanding on a fully diluted basis after the transaction it said after the acquisition it will infuse perconal computer with cash for expansion it said personal computer now has franchised locations and plans to add over in seeking eventually to expand into markets in the u s and abroad reuter | 0acq
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security pacific spc completes merger security pacific corp said it completed its planned merger with diablo bank following the approval of the comptroller of the currency security pacific announced its intention to merge with diablo bank headquartered in danville calif in september as part of its plan to expand its retail network in northern california diablo has a bank offices in danville san ramon and alamo calif security pacific also said reuter | 0acq
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u s intec inc intk th qtr net shr six cts vs five cts net vs revs mln vs mln avg shrs vs mths shr cts vs dlrs net vs revs mln vs mln avg shrs vs note net for includes or cts per share for proceeds of a life insurance policy includes tax benefit for prior qtr of approximately of which relates to a lower effective tax rate based on operating results for the year as a whole reuter | 2earn
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int l hydron corp hyd th qtr oper net oper shr profit six cts vs loss cts oper net profit vs loss revs mln vs mln year oper shr profit cts vs profit three cts oper net profit vs profit revs mln vs mln note excludes loss of dlrs or nil vs gain dlrs or nil in qtr and gain dlrs or two cts vs gain dlrs or one ct in year from net operating loss carryforwards reuter | 2earn
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albertson s abs adopts stockholder rights plan albertson s inc said its board has adopted a stockholder rights plan intended to protect them in the event of any proposed takeover of the company under the plan stockholders will receive a dividend distribution of one right for each share of common stock held on march the rights are exercisable ten days after a person or group acquires pct or more of alberston s common stock or announces a tender offer for pct or more of the stock each right will entitle the shareholder to buy one newly issued share of alberston s common stock for dlrs reuter | 0acq
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rospatch rpch rejects diagnostic drs bid rospatch corp said it rejected a proposal by diagnostic retrieval systems inc to acquire its stock at dlrs a share rospatch s board believes that the long term interests of its shareholders will be best served by continuing as an independent public company at this time the company said in response to an unsolicited offer from diagnostic retrieval rospatch said diagnostic s offer of february is a variation of a previous offer in january the nature of which was not disclosed rospatch said it advised diagnostic retrieval that it would be contrary to the best interests of the corporation to engage in any discussions concerning a business combination with diagnostic retrieval reuter | 0acq
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syntech interenational inc syne th qtr net shr profit six cts vs loss dlrs net profit vs loss revs vs year shr profit cts vs loss dlrs net profit vs loss revs mln vs mln reuter | 2earn
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int l minerals igl buys animal products unit international minerals and chemical corp said it completed its acquisition of johnson and johnson co s pitman moore unit a producer of animal health products terms of the acquisition were not disclosed international minerals and chemical said annual sales of the unit are about mln dlrs pitman moore makes health products for pets and for farm and feedstock animals reuter | 0acq
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jwt jwt not approached by group seeking shares jwt group inc has not been approached by former ted bates worldwide chairman robert jacoby about the possibility of a syndicate buying a pct stake in jwt group on a friendly basis a company spokesman said he said jwt would have no comment on an advertising age report that jacoby is considering heading up a venture capital syndicate to purchase a pct stake in jwt group jacoby was not immediately available for comment on the report ted bates is now owned by saatchi and saatchi the world s largest advertising agency reuter | 0acq
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coeur d alene mines corp cour th qtr loss shr loss cts vs loss one ct net loss vs loss revs vs year shr loss cts vs loss ten cts net loss vs loss revs mln vs note loss included one time loss of dlrs on write off of certain silver oil and gas interests reuter | 2earn
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foote mineral fte sells cambridge plant foote mineral co said it signed a letter of intent with shieldalloy corp a wholly owned subsidiary of metallurg inc for the sale of its cambridge ohio business the company said the sale which will be explained in greater detail after the definitive agreement has been signed is part of foote s previously announced plan to sell the entire company reuter | 0acq
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gelco gel sees flat pretax operating net gelco corp said that excluding the effects of a restructuring plan it expects pre tax operating earnings for the year to end july to be about the same as those of last year for the year ended july gelco reported pre tax operating earnings of mln dlrs or dlrs a share however final results will be affected by certain charges including legal and investment advisors fees preferred stock dividends and other costs of restructuring it said expenses associated with restructuring are expected to be offset by significant gains from the sale of some of gelco s business units it said the final outcome for the fiscal year will be determined by the timing and proceeds from the sale it added reuter | 2earn
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utilicorp ucu acquires dominion d subsidiary utilicorp united inc said it has closed the previously announced acquisition of west virginia power from dominion resources inc for about mln dlrs reuter | 0acq
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pesch sees shareholder support in ami ami bid chicago physician leroy pesch said he has had discussions with several american medical international inc shareholders and sees support for a restructuring of the company pesch said he has discussed his sweetened billion dlr takeover bid for american medical with several large shareholders including the biggest investor the bass family of texas however the bass family has not indicated support one way or the other for his offer he said pesch in an interview with reuters said based on the conversations he held with shareholders he could not guage whether he had majority support he said however there is support for his offer pesch would not identify shareholders with whom he held discussions other than the bass family and the wedge group inc the only other holder of more than five pct of american medical stock earlier today wedge group which has a pct stake said it held discussions with pesch american medical management and other american medical shareholders wedge in a filing with the securities and exchange commission said it believes a restructuring of american medical and its business would be highly desirable and appropriate at this time that s the sort of position that i find a large segment of shareholders of ami really share said pesch pesch said he held discussions with wedge about joining his takeover effort in which he is offering dlrs cash four dlrs in preferred stock and one dlr in common stock for each american medical share wedge said it has no plans to join in an effort to seek control of american medical but it would not rule out a future takeover try pesch said he did not discuss a joint takeover proposal with the bass family some analysts saw the wedge statement as a boost to pesch s takeover effort and a further sign that there could be some shareholder dissatisfaction following american medical s previous rejection of a dlr per share all cash offer from pesch american medical is expected to resist pesch s latest bid larry feinberg an analyst with dean witter reynolds inc said a management led leveraged buyout cannot be ruled out an american medical spokesman said the company will comment on the new pesch offer by march analysts continue to view the bass family as a factor in the outcome of the bid for control of american medical the bass family holds an pct stake in american medical and the company has previously said the investors support management s internal plan to improve the company s performance the bass family would not comment on american medical or pesch pesch who led the leveraged buyout of republic health corp last year continues to face a credibilty problem on wall street because of the long time it took to finish the republic acquisition republic also has substantial debt and has left wall street questioning whether financing can be completed for the much larger american medical takeover proposal pesch s first offer for american medical was made without an investment banking firm another cause for concern to wall street however pesch entered his second offer with representation from donaldson lufkin and jenrette securities and security pacific merchant banking group i don t have any doubt that the current transaction can be worked out and completed provided we get to the point where ami management will sit down and talk in a friendly environment pesch said pesch would not elaborate on what type of financing arrangements are being made he did say if he succeeds in acquiring american medical he plans to keep much of american medical management in place he said he plans to combine the company with republic to form an efficient network of hospitals analysts said they do not believe a much higher offer could be made for american medical byron nimocks of e f hutton group said improved second fiscal quarter earnings could make american medical stock worth about dlrs per share nimocks estimates american medical earnings for the second quarter ended february could be cts compared to a ct loss last year nimocks said pesch s revised offer is not worth much more than the dlrs cash offered previously but feinberg said there is a better chance a transaction could be completed because of the revised structure of the offer i think it s much more doable he said analysts have said american medical has begun a turnaround by replacing some members of management and reducing costs reuter | 0acq
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glamis gold ltd glgvf six mths dec net shr cts vs cts net vs revs vs reuter | 2earn
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u s approves buyout of coastal bancorp csbk coastal bancorp said the u s federal reserve board approved the acquisition of coastal by suffield financial corp ssbk the acquisition still requires approval from the banking department in maine the company noted reuter | 0acq
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little prince productions ltd ltlp st qtr loss qtr ended dec shr profit nil vs loss nil net profit vs loss revs vs reuter | 2earn
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amca ail to sell some dominion bridge assets amca international ltd said it finalized agreement to sell certain assets and inventories of its dominion bridge steel service center operations to federal industries ltd s russelsteel inc unit terms were undisclosed it said the sale involved assets and operations of the general line of steel service centers in toronto and edmonton alberta and steel from inventories of closed amca branches the company said the sale was part of a previously announced restructuring program to allow it to focus on certain core businesses and generate cash to cut debt reuter | 0acq
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scott s hospitality acquires capital food scott s hospitality inc said it acquired capital food services ltd ottawa s largest catering and food service company for undisclosed terms scott s said it would operate capital food as a separate unit under capital s current name and management reuter | 0acq
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union national unbc signs definitive pact union national corp said it signed a definitive agreement under which its first national bank and trust co of washington unit will merge with second national bank of masontown under a previously announced merger agreement each share of second national s common stock will be converted into shares of union national common reuter | 0acq
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analysts see no other bidder for purolator pcc several analysts said they do not believe another suitor will top the mln dlr bid for purolator courier corp by e f hutton lbo inc and a management group from purolator s courier division there had been speculation another offer might be forthcoming but analysts mostly believe the dlrs per share price being paid by hutton and the managers pc acquisition inc is fully valued analysts and some wall street sources said they doubted another bidder would emerge since purolator had been for sale for sometime before a deal was struck with hutton friday purolator s stock slipped today to close at it had been trading slightly higher than the dlr offer on friday at least one analyst friday speculated the company might fetch to dlrs per share analysts and wall street sources doubted a competitive offer would emerge since the company has been for sale for sometime before the deal with hutton was struck friday hutton had been in talks with purolator s adviser dillon read and co since late december a hutton spokesman said hutton is offering dlrs cash per share for pct of the shares if all shares are tendered shareholders would receive dlrs cash six dlrs in debentures and warrants for stock in a subsidiary of pc acquisition containing the purolator u s courier operation hutton values the warrants at two to three dlrs per share wall street sources also said today that a rival bidder might be discouraged by a breakup fee purolator would have to pay if it ends its agreement with hutton the sources would not reveal the amount of the fee which will be noted in documents on the transaction to be made public later this week reuter | 0acq
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whitehall corp wht th qtr net shr cts vs cts net vs revs vs year shr cts vs dlrs net vs revs mln vs mln reuter | 2earn
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service corp international srv rd qtr net qtr ended jan shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln nine mths shr cts vs cts net mln vs mln revs mln vs mln avg shrs mln vs mln note net for nine mths includes gains from dispositions of dlrs or four cts a share vs dlrs or two cts a share avg shrs and shr data restated to reflect three for two stock split in january reuter | 2earn
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peoples bancorporation peop quarterly dividend qtly div cts vs cts pay april record march reuter | 2earn
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cpl reit cntrs th qtr net shr cts net revs year shr cts net revs note full name cpl real estate investment trust company was formed dec reuter | 2earn
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republic automotive parts raut th qtr loss shr loss cts vs loss cts net loss vs loss revs mln vs mln year shr loss dlrs vs loss cts net loss vs loss revs mln vs mln reuter | 2earn
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realmerica co raco year nov net shr profit four cts vs loss cts net profit vs loss note net includes tax credit of dlrs or one ct per share reuter | 2earn
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s k i ltd skii nd qtr jan net shr cts vs cts net vs revs mln vs mln six mths shr cts vs cts net vs revs mln vs mln reuter | 2earn
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ferro corp foe sets joint venture ferro corp said it has formed a joint venture with paris based alsthom inudstrial group to export u s epxertise in specialty composite materials to the european market ferro said although the airframe and aerospace industries are the prime users of composite materials today it plans to develop applications for the ground transportation and industrial markets in the near future ferro also announced it has agreed to purchase compositair a developer of composit materials applications for an undisclosed sum reuter | 0acq
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nymex rule change seen boosting energy trade the new york mercantile exchange said it will introduce exchanges for physicals efps to its energy futures markets april one an exchange spokeswoman said the change will allow oil traders that do not hold a futures position to initiate after the exchange closes a transaction that can subsequently be hedged in the futures market efps already in effect for platinum futures on nymex are expected to increase the open interest and liquidity in u s energy futures according to traders and analysts the commodity futures trading commission approved the rule change in february according to a cftc spokeswoman reuter | 1crude
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ccl unit acquires nestle canada can operations ccl industries inc s continental can canada inc unit said it acquired the wallaceburg ontario metal can making operations of nestle enterprises ltd wholly owned by nestle sa of switzerland terms were undisclosed continental can said it would supply nestle s equivalent can requirements under a long term agreement nestle said it decided to stop manufacturing cans in order to be in a better position to take full advantage of the changes underway or on the horizon in food packaging technology reuter | 0acq
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mfs managed muncipal bond trust sets payout mfs managed muncipal trust bond said it declared a monthly payout income distribution of cts a share compared with cts for the previous month it said the distribution is payable march to shareholders of record march two reuter | 2earn
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mfs municipal income trust mfm sets payout mfs municipal income trust said it declared a monthly income distribution of cts a share compared with cts a share paid in the previous month it said the distribution is payable march to shareholders of record march reuter | 2earn
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pittway corp pry th qtr net shr dlrs vs two dlrs net vs sales mln vs mln year shr dlrs vs dlrs net vs sales mln vs mln reuter | 2earn
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armtek arm to sell industrial tire unit armtek corp previously the armstrong rubber co said it agreed to sell its industrial tire and assembly division to a dyneer corp dyr for an undisclosed sum it said the agreement covers the division s tire production facility in clinton tenn and its plants serving original equipment and replacement markets armstrong tire co an armtek unit will continue to sell replacement industrial tires the company said final closing is expected in the third fiscal quarter ending june reuter | 0acq
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petrolite corp plit sets payout qtly dividend cts vs cts pay april record april reuter | 2earn
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greece says it has right on aegean oil drilling greece responding to a warning by turkey against conducting oil activities in the aegean sea said today it had the right to decide where and how to do research or drilling work in the area a government spokesman said the greek position was made clear to turkey s ambassador nazmi akiman when he met greek foreign affairs undersecretary yannis kapsis last week acting turkish prime minister kaya erdem said earlier today greek activities in the northern aegean contravened the berne agreement which set the framework for talks on the aegean continental shelf disputed between ankara and athens the greek statement today said greece is not prepared to give up even a trace of its sovereignty rights to the seabed it has been stressed to mr akiman that the decision where or how to drill belongs exclusively to the greek government the greek government has repeatedly let the turkish side know that it considers the berne protocol as inactive through the fault of turkey it said the greek statement said athens was ready to put the continental shelf issue before international courts reuter | 1crude
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leucadia luk has pct of minstar mnst leucadia national corp said two of its subsidiaries have acquired a pct stake in minstar inc a corporation controlled by corporate raider irwin jacobs and used by him in his forays to acquire stock in companies in a filing with the securities and exchange commission leucadia said its lnc investments inc a newark del investment firm and charter national life insurance co a st louis joint stock life insurance company bought their combined minstar common shares for investment purposes only the leucadia subsidiaries had held an pct stake in minstar but cut to pct or shares last july since july leucadia said its companies have bought minstar common shares for a total of mln dlrs leucadia said it bought the minstar stake to obtain an equity position in the company and has no intention of seeking control of it nearly half of leucadia s common stock is owned by tlc associates a salt lake city utah general partnership whose partners include the chairman and president of leucadia and other investors reuter | 0acq
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basix corp bas th qtr loss oper shr loss eight cts vs profit cts oper net loss vs profit revs mln vs mln mths oper shr loss dlrs vs profit cts oper net loss mln vs profit revs mln vs mln note oper excludes loss from discontinued operations of dlrs or cts a share for year ago qtr and dlrs or cts a share for year ago mths oper includes charge of mln dlrs for cumulative effect of repeal of the investment tax credit for qtr and writedown of mln dlrs on gas and oil facilities for mths year ago shr data restated to reflect two pct stock dividend of december reuter | 2earn
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microbio mrc plans acquisition financing microbiological research corp said it entered into a letter of intent for a proposed business combination with privately owned datagene scientific laboratories inc and milex corp a newly formed company through a stock swap it also said it received dlrs from the sale of a convertible note to ventana growth fund as part of an overall equity financing plan with ventana under that plan a minimum of dlrs and a maximum of one mln dlrs of additional new capital is to be provided to fund the combined operations of the three companies microbiological also said that if the maximum additional capital is raised it will own about pct of shares of common outstanding in the new combined company datagene holders will own pct and ventana and others will own pct it said the remaining nine pct will be held by milex shareholder norman monson who will become chief executive officer of the combined companies reuter | 0acq
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painewebber pwj unit ups shaer shoe shs stake mitchell hutchins asset management inc a new york investment firm and subsidiary of painewebber group inc said it raised its voting stake in shaer shoe corp to shares or pct from shares or pct in a filing with the securities and exchange commission mitchell hutchins said it bought shares between jan and feb at prices ranging from to dlrs a share and obtained voting control over another shares the firm has said it bought the stake as an investment on behalf of its clients but said it has had discussions with shaer management it did not disclose the topic of the talks reuter | 0acq
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telecredit inc tcrd rd qtr jan net shr cts vs cts net vs revs mln vs mln nine mths shr cts vs cts net vs revs mln vs mln reuter | 2earn
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laser precision corp lasr th qtr net shr profit cts vs profit two cts net profit vs profit revs vs year shr profit cts vs loss cts net profit vs loss revs mln vs reuter | 2earn
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rexnord rex to redeem rights rexnord inc said it will redeem all of its preferred stock purchase rights for cts a right effective today rexnord said the rights will be redeemed because it is expected its shares will be tendered under a january takeover offer from banner acquisition corp the rights trade in tandem with rexnord s common stock reuter | 0acq
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cantrex unit to merge with ontario group groupe cantrex inc said it plans to merge a new wholly owned subsidiary a merger agreement with cap appliance purchasers inc of woodstock ontario a group of about appliance and electronics retailers it said cap shareholders will receive first preferred groupe cantrex shares entitling the holders to receive dlrs per share or the equivilant in class a subordinate voting cantrex shares the merger is effective april one and is subject to shareholder approval reuter | 0acq
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investment firm boosts ldbrinkman dbc stake two affiliated investment firms and the investment funds they control said they raised their combined stake in ldbrinkman corp to shares or pct of the total outstanding from shares or pct in a filing with the securities and exchange commission fidelity international ltd a bermuda based firm said its funds bought ldbrinkman common shares between jan and feb at prices ranging from to dlrs a share funds controlled by fmr corp a boston based investment firm affiliated with fidelity hold shares bringing the combined total to shares fidelity said reuter | 0acq
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itt s itt hartford unit posts th qtr gain hartford insurance group a unit of new york based itt corp said higher worldwide premiums help boost net income for the fourth quarter to mln dlrs from net income of mln dlrs for the quarter for the full year hartford said it earned mln dlrs up from mln dlrs in hartford said results for the year were aided by a gain of mln dlrs on the sale of its remaining pct stake in abbey life group plc for the company posted a gain of mln dlrs on the sale of pct of abbey life hartford said total property casualty and life health written premiums rose pct in to eight billion dlrs from billion dlrs in reuter | 2earn
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sec probes tre tre takeover attempt the federal securities and exchange commission sec is looking for possible securities laws violations in connection with an unsuccessful bid by hollywood producer burt sugarman to take over tre corp attorneys contacted by sec investigators said during the takeeover attempt a unit of sugarman s giant group ltd at one point held a pct stake in tre it had help in that effort from jefferies group inc a los angeles investment banking firm which sold it an option on a portion of the shares sugarman eventually acquired in addition a company controlled by sugarman raised mln dlrs in a debt offering underwritten by drexel burnham lambert inc with help from jefferies and used a portion of the proceeds to buy tre stock finally reliance group holdings inc acquired nearly six pct of tre according to an seec filing the attorneys who asked not to be identified said the sec was investigating whether sugarman and other firms with tre holdings were working together without disclosing their cooperation as would be required by the federal securities laws one attorney said sec probers also were examining whether sugarman and drexel had made adequate disclosures of its intended usage of the proceeds in the prospectus for the mln dlr bond offering a tre spokesman confirmed that tre since december a unit of aluminum co of america had been contacted by sec investigators and was cooperating with the probe the spokesman added that tre chairman leopold wyler had been interviewed by the sec probers a jefferies spokesman said the sec had asked for information a few months ago as part of an informal probe the spokesman said jefferies had cooperated with the agency and had heard nothing more since that time to the best of our knowledge jefferies is not the target of a formal sec investigation in connection with the tre bid he said a drexel spokesman acknowledged that his firm had underwritten the debt offering for sugarman but added we had nothing to do with tre as a matter of policy the sec routinely declines to comment on its enforcement activities reuter | 0acq
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canadian seafarers threaten strike canadian seafarers are almost certain to go on strike this spring in a refusal to meet rollbacks in wages and benefits asked for by their employers seafarers international union official roman gralewicz said it s percent i guarantee you a strike gralewicz said in an interview the union represents about workers on the great lakes and canada s east and west coasts contract talks broke off in january and a conciliator has been appointed to try to help settle the dispute the current contract expires at the end of march the seafarers employers are also asking for a reduction in crew levels a move which the union said would cost about jobs reuter | 6ship
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dallas corp dls th qtr loss oper shr loss cts vs profit cts oper net loss vs pofit revs mln vs mln mths oper shr profit cts vs profit cts oper net profit vs profit revs mln vs mln note oper net excludes loss from discontinued operations of dlrs or cts a share for year ago qtr and dlrs or dlrs a share for year ago mths reuter | 2earn
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dillard department stores inc dds th qtr net qtr ended jan shr dlrs vs dlrs net mln vs mln revs mln vs mln avg shrs mln vs mln mths shr dlrs vs dlrs net mln vs mln revs billion vs billion avg shrs mln vs mln note shr avg shrs data show for split in nov reuter | 2earn
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