First Bank Unit Plays Role in Deltak Sale

A First Bank System Inc. subsidiary that owns more than 14 percent of Deltak Corp. stands to take in about $2.5 million if the sale of the company is completed as planned in January. The subsidiary, FBS Venture Capital Co., owns about 14.3 percent of Deltak’s outstanding shares. Under an agreement announced Nov. 6, Plymouth-based Deltak will be sold for $15 per share, or a.total of $18.3 million, to an investment group. That per-share price is double what Deltak’s shares were selling for just eight months ago. (excerpt)
gtis forex

Ewen, Beth

Full text: [Minneapolis / St. Paul CityBusiness] Nov 20, 1989

forex signals

A Public Offering Against All Odds

Employee Benefit Plans Inc. CEO William Sagan takes pleasure in citing an unusual statistic: Last year, about 13 of his company’s 41 sales representatives earned more money on commissions than the $250,000 in base salary that Sagan pulled down as CEO. Sagan said those numbers illustrate the strong financial condition of Employee Benefit Plans (EBP). “When their compensation is based on the profitability of this company, I love it,” he said. EBP, which sells self-funded insurance health care packages to small and medium-size, companies, has experienced dramatic growth in recent years. Revenues jumped from $9.8 million in 1986 to $66.3 million this year. Net earnings for the 1989 fiscal year, which ended May 31, were $1.9 million, compared with a $3.6 million loss the previous year. (excerpt)
forex egold

Nissen, Todd

Full text: [Minneapolis / St. Paul CityBusiness] Nov 20, 1989

forex signals

Northeast Slips as New Regs Advance on Thrifts’ Stock

Northeast Savings F.A.’s common stock has fallen to a 52-week low, and the thrift may have to eliminate its prefferred stock dividends. On Nov. 6, the federal Office of Thrift Supervision announced that savings and loan associations such as Northeast Savings had to induce preferred stockholders to relinquish the cumulative aspect of their stock. The agency’s action was a result of the Financial Institution Reform, Recovery and Enforcement Act, federal legislation enacted in August in response to the problems in the thrift industry. (excerpt)
forex padala

Ballman, Barbara

Full text: [Capital District Business Review] Nov 20, 1989

forex signals

From Punching Bag to Retailing Black Belt

Under Chairman and Chief Executive Kenneth A. Macke, Dayton Hudson Corp. has managed to return its earnings, operating margins, and stock price to solid ground. Net income is expected to rise 22% to $377 million in 1989 on sales of $13.1 billion. With the stock price back in the mid-60s, after dropping to 39 at one point, analysts are showing Macke a new measure of respect. Recently, Macke has been pouring funds into the company’s 400-store Target chain in an effort to hone its image as an upscale discounter that is less cluttered and more like a department store than its principal rivals, Wal-Mart and K mart. All the Target stores now are equipped with electronic scanners that read prices from bar codes, which has helped to control inventories and to speed customers through checkout lines. The investment in efficiency is paying off. Target’s stores now enjoy sales per square foot of $198, compared with K mart’s $148. Target’s margins also are improving now that costs for a big 1986 expansion in California are behind it.
forex definition

Mitchell, Russell

Full text: [Business Week] Nov 20, 1989

forex signals

Running Out of Resources: A Troubled Company Draws Speculators

One of the New York Stock Exchange’s best performers in recent weeks has been Service Resources Corp., with shares up 167% from the end of September 1989. This gain is even more remarkable because the firm has posted a profit in only 2 of the last 10 years; Service Resources’ book value has not been positive since 1984. The firm’s principal subsidiary is in default on long-term debt, and it has been selling off operations in an effort to remain solvent. Formerly active in such businesses as financial printing, musical instruments, and breweries, Service Resources now has only one operating unit, Charles P. Young (CPY) Management Services, which provides mail-room, reprographic, messenger, and supply-room management services to law firms and financial institutions. Spurring the stock speculation is the firm’s announcement in October 1989 that it had hired Morgan Guaranty Trust to explore the sales of CPY Management. Despite the excitement generated by various financing proposals, the prospects for Service Resources remain bleak.
forex 4x

Savitz, Eric J.

Full text: [Barron's National Business and Financial Weekly] Nov 20, 1989

forex signals

Cracking Good Prospects: For Oil Refiners, the Outlook Is Bright

Takeover discussions have been focusing on US oil refiners in recent weeks, and 2 independent refiners, Tosco and Tesoro Petroleum, have seen their shares rise as they examine acquisition offers. Underlying this surge of interest is the prospect of a period of tight capacity and limited physical expansion for US refiners. The number of operating refineries has declined by 1/3 in the past decade, and available capacity is more than 15% below its early-1980s level. Stringent environmental regulations have raised significant barriers to refinery construction and to the refurbishment of closed sites. In addition, new fuel formulations being considered to counter pollution require more refinery capacity to produce and thus restrict the output of existing refineries. While the major oil firms dominate the refining business, independent oil refiners should benefit as well. The smaller firms often have significant niches in local markets. As refinery capacity remains tight, gasoline demand is likely to continue to increase over the next several years.
forex 2005

Wyatt, Edward A.

Full text: [Barron's National Business and Financial Weekly] Nov 20, 1989

forex signals

Scathing Forbes Story Mauls Rouse, Sends Stock Reeling

A scathing article in Forbes magazine about Columbia’s The Rouse Co. sent the firm’s stock reeling in a trading frenzy several weeks ago, and it has yet to fully recover from the fall. The Oct. 30 Forbes article, titled “Malled” and written by Tatiana Pouschine, said Rouse has “slipped,” its “future is cloudy” and the firm’s over the-counter stock appeared to be “seriously overvalued.” It also pegged the current value of Rouse’s equity at about $1 billion, instead of the firm’s $1.5 billion figure. (excerpt)
forex sweden

Couturier, Brian J.

Full text: [Baltimore Business Journal] Nov 20, 1989

forex signals

Price Cuts Draining CCE’s Growth

Coca-Cola Enterprises Inc., the world’s largest soft drink bottler, this week marks its third anniversary as a public company. Not everyone will be celebrating. Coca-Cola Co. on Nov. 21, 1986, sold a 51 percent interest in Coca-Cola Enterprises, spinning off 71.4 million CCE shares to the public. The sale raised over $1.1 billion in what was, and still is, one of the biggest initial stock offerings ever. Coca-Cola Co. had initially hoped to get as much as $24 each for Coke Enterprises shares, but the stock eventually came to market at $16.50 and has been an underperformer on Wall Street ever since. CCE shares for most of this month have been trading between $15 and $16, below what they were first sold at three years ago. In contrast, the Dow Jones Industrial Average over the past three years has advanced approximately 35 percent. (excerpt)
esignal forex

Jenks, Alan

Full text: [Atlanta Business Chronicle] Nov 20, 1989

forex signals

While Competitors Flounder, Adaptec Stronger Than Ever

To gauge the success of Milpitas-based Adaptec Inc. one may look at the situation among some of its competitors. One, Scientific Micro Systems Inc., is in bankruptcy reorganization. Xebec Corp., also in Chapter 11, soon plans to file its reorganization plan. Even the largest, Western Digital Corp., has seen its profits decline. Adeptec, on the other hand, is about to become the newest of Silicon Valley’s $100 million companies. After two quarters, ended Sept. 29, the firm’s revenues stood at $49.7 million. That compares with revenues of $29.6 million a year ago for the same period. Adaptec finished its fiscal year March 31 with revenues of $64.7 million, compared with $58.7 million in fiscal ’88 and $57.3 million in fiscal ’89. (excerpt)
www.forex.az

Krey, Michael

Full text: [The Business Journal] Nov 27, 1989

forex signals

Many Stocks Can Offer Shelter in Mideast Storm, Analysts Say

“The revaluation of oil stock prices is going to take a while, to think about the effects of $25-a-barrel crude oil vs. $15-a-barrel crude,” says Edward Kerschner, chairman of the investment policy committee at PaineWebber. “If oil prices settle in the mid-20s per barrel, there’s still another 10% to 15% left in the oils and more than that in the oil services,” Mr. Kerschner says. Texaco, Amerada Hess, British Petroleum, Unocal and Atlantic Richfield are Mr. Kerschner’s favorites among the oil companies; Schlumberger, Halliburton, Baker Hughes, Smith International and Rowan are his choices in the oil-services group. “We think oil stocks are attractive on a longer-term basis,” says Michael Metz, chief market strategist at Oppenheimer. “The developments in the Mideast indicate that the secular direction of oil prices should be higher,” Mr. Metz says. Arco is Mr. Metz’s pick among the oils; he adds that Tosco, an oil refiner, has probably been beaten down too far and might be attractive.
www.forex.pk.com

Hilder, David B

Full text: [Wall Street Journal] Aug 7, 1990

forex signals

Jefferies Officer And Ex-Trader Accept Suspensions

The two settlements wrap up major loose ends from Jefferies & Co. Chairman Boyd Jefferies’s decision to cooperate with the government. Mr. Jefferies, who has been barred from the securities industry for life for his role in several illegal stock transactions, is eligible to apply for reinstatement in 1992. Mr. [James] Melton was a witness in the recent stock-manipulation conviction of GAF Corp. and James Sherwin, its vice chairman. In 1986, the company and Mr. Sherwin asked Mr. Jefferies to boost the stock price of Union Carbide Corp. before the sale of a large block of Carbide stock, according to testimony at the trial. In return, GAF and Mr. Sherwin agreed to indemnify Jefferies, a Los Angeles brokerage firm, against any loss in the stock trading. The SEC also said that when Jefferies bought the shares, it did so in its own name, concealing that GAF was the actual owner of the stock. Jefferies had losses of about $40,000 in the transactions, which was to be paid by GAF through a plan devised to conceal the true reason for the payment, the agency said. But that check was never sent, Mr. Jefferies said at the criminal trial, because a few days later Ivan Boesky was indicted on insider-trading charges. Mr. Boesky’s testimony to prosecutors eventually led to Mr. Jefferies’s plea agreement and subsequent assistance.
www.forex.ch

By Kevin G. Salwen

Full text: [Wall Street Journal] Aug 7, 1990

forex signals

Industrials Fall 93.31 as Investors Continue Reaction to Iraqi Invasion

Among broader market measures, Standard & Poor’s 500-Stock Index skidded 10.43 to 334.43, the New York Stock Exchange Composite Index fell 5.50 to 183.32 and the Dow Jones Equity Market Index tumbled 10.50 to 309.61. Airline and trucking issues were hit the hardest in the latest sell-off; the Dow Jones Transportation Average closed below 1,000 for the first time in 19 months, falling 58.76 to 980.29. The Dow Jones Utilities Average posted its biggest decline since mid-January, falling 4.78 to 204.92. Overseas stock markets once again helped set the tone for Wall Street, as inflation and economic worries resulting from the rise in oil prices sent share prices lower around the world. The 3.3% drop in the Dow industrials compared with the 3.1% loss posted by the Nikkei index of 225 Japanese issues and a 2.8% decline in the Financial Times-Stock Exchange 100-Share Index, a measure of London stock prices.
www.forex.com.pk

Wilson, David

Full text: [Wall Street Journal] Aug 7, 1990

forex signals

Iraq Crisis Jolts Markets Worldwide

Stock prices fell in Tokyo, London and Frankfurt on Aug 6, 1990 on fear that Mideast tensions will produce higher inflation, higher interest rates and slower economic growth worldwide.
www.forex.dk

Gregory, Ed

Full text: [USA TODAY] Aug 7, 1990

forex signals

Markets Take Worst Hit Yet on Gulf Uncertainty; Oil Prices Soar $3 a Barrel; Dow, Nikkei Fall

The rout reflected investors’ sour mood when they returned to work after a weekend during which Iraq broke its promise to begin withdrawing troops on Sunday from Kuwait. The markets also were nervous over the prospect that the United States and other Western nations might confront Iraq militarily, and over the impact on oil prices of a planned, widespread boycott of Iraqi and Kuwaiti crude. Although [Byron R. Wien] and other analysts said the market is nervous over the prospect of U.S. military activity against Iraq, they said that they believed that a successful military operation against Iraqi dictator Saddam Hussein would bolster stock prices. The dollar, which had risen last week as investors sought a “safe haven” for their funds, turned mixed owing to worries that the U.S. economy may be on the verge of a recession. The U.S. currency dropped to 1.5788 West German marks this afternoon, from 1.5935 on Friday.
www.forex.se

Robert J. McCartney

Full text: [The Washington Post (pre-1997 Fulltext)] Aug 7, 1990

forex signals

Embargo pushes crude up: Stock prices slip again in Toronto, N.Y.

The dollar rose 1.10 yen to close at 150.60 yen in Tokyo. Later in London, the dollar was quoted at a lower rate of 149.73 yen but strengthened later in New York to about 149.90 yen. On the New York Mercantile Exchange, the September contract for West Texas Intermediate, the benchmark grade of U.S. crude, jumped $3.56 to settle at $28.05 a 42-gallon barrel – its highest price since August 1985. Black & White Photo; Reuter; Bottoming out: Tokyo brokers watch fortunes dwindle Monday as stock prices dive in wake of Iraq invasion.
wap.forex.com

Full text: [The Vancouver Sun] Aug 7, 1990

forex signals

HEES PHILOSOPHY ‘ Top managers bet both their careers and their fortunes on the company. They work for lower salaries and they’ve borrowed more than a quarter billion dollars to load up on shares Hees executives wager big bucks

Mr. [Arthur Earle]‘s report speculated that managers might be under “considerable temptation” to raise stock prices “through asset rearrangements” and “clever financing” rather than “through the improvement of corporate business operations.”
dimonx6 forex

MARTIN MITTELSTAEDT

Full text: [The Globe and Mail] Aug 7, 1990

forex signals

News Currents

The Iraqi invasion of Kuwait has sent shock waves through world financial markets: Israeli stock prices tumbled Sunday to their biggest one-day fall in seven years; prices of blue-chip stocks plunged 7.57 percent on the Tel Aviv Stock Exchange. Tokyo’s Nikkei stock index shed more than 1,100 points, or 3.75 percent, in morning trading Monday following the announcement that Japan would join Western nations in banning imports of Iraqi and Kuwaiti oil. The market had already dropped 729.42 points Friday. In London, the US dollar opened down against all the major European currencies Monday as the bearish impact of the slowdown in the US economy outweighed any support the unit might have gained from Iraq’s invasion of Kuwait, dealers said.
gci forex

Full text: [The Christian Science Monitor (pre-1997 Fulltext)] Aug 7, 1990

forex signals

Jitters spark orders to sell

Nationally, selling was sparked by fears that consequences of the Persian Gulf crisis could topple the teetering U.S. economy into recession. Nationally, selling was sparked by fears that consequences of the Persian Gulf crisis could topple the teetering U.S. economy into recession. The number of telephone calls counted yesterday by Fidelity Investments of Boston were “40 percent heavier than normal,” said [Bill Benintende], Fidelity spokesman. PHOTOS; GRAPH; AP; (PHOTOS 1, 2 AND 3) From left, stock and currency traders in Hong Kong, Tokyo and Paris frantically signal deals as stock prices plummet. Japan and several European nations yesterday joined an embargo of oil from Iraq and Kuwait. (PHOTO 4) In New York, a Stock Exchange worker watches stock prices and the dollar plunge. (GRAPH) Dow Jones Average Through the Day
mhv forex

Ken Elkins

Full text: [Telegram & Gazette] Aug 7, 1990

forex signals

Bank deal stumbles on market fears

Amid a widespread decline in bank stocks, Security Pacific’s stock has dipped far below the deal-busting threshold, slashing the value of the buyout to La Jolla shareholders from an estimated $111.7 million in May to about $84.9 million, said Edward H. Sondker, president of the La Jolla bank. When directors of the La Jolla-based bank agreed to sell to Security Pacific, they left themselves an out. In the unlikely event Security Pacific’s stock price would drop from its trading range in the low $40s to less than $38.25 by the closing date, La Jolla Bancorp could back out, according to the terms of the deal. If current market prices prevail for the next two weeks and Security Pacific does not sweeten the deal, La Jolla Bank’s directors will have to decide whether to accept the Security Pacific deal or or hold out for a better one.
dealbook forex

Terry Sacks

Full text: [San Diego Tribune] Aug 7, 1990

forex signals

Market takes wild ride Dow: Falls 93 points as fears in Mideast push oil prices up

In the first few hours, the Dow average dropped more than 107 points, as rumors spread that Saudi Arabian troops were headed for the Kuwaiti border. The rumor later was denied by the Saudi Press Agency. The new “circuit-breaker” rule on the Big Board, used for the first time on Friday, came into play again Monday. When the Dow falls more than 50 points, the rule restricts traders who use computer programs to trigger sell orders. Such program traders are not permitted to sell stock on a downtick. COLOR A New York Stock Exchange worker watches as stock prices and the dollar took an early plunge Monday afternoon.; CHART: A black trading day – how financial markets fared on Monday; GRAPH: STOCK PRICES TUMBLE -Dow Jones Industrial average (closing value) -line graph shows 7/16 all-time high 2,999.75 compared to 8/6 value of 2,716.34 (from a01); Credit: The Associated Press:The Orange County Register
japanese housewife forex

Robert Hurtado:The New York Times

Full text: [Orange County Register] Aug 7, 1990

forex signals