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AFRICAN DEVELOPMENT BANK PLANS U.S. DOMESTIC BOND

The African Development Bank plans to raise about 200 mln dlrs via a U.S. Domestic bond this year, Milan Kerno, vice president of finance said at a presentation. He said the Bank planned to borrow about 700 mln dlrs in world capital markets in 1987 and roughly the same amount in 1988. Because of the weak condition of the euroyen market, plans for a bond in that sector, which would comprise part of the 700 mln dlrs, have been put on hold, Kerno said. "But we should complete our programme (this year), markets willing," Kerno said, adding the Bank's 1987 borrowing so far totaled about 400 mln dlrs. The Bank's board of directors will meet on October 26 to discuss plans to begin Bank trading in unspecified securities, with desks in Abidjan, Kerno said. Trading would be conducted along similar lines as existing World Bank and Asian Development Bank operations, he said. The Bank now has roughly 1.2 billion dlrs in available liquidity to serve as a basis for trading, although not all of this will be traded at the start. The Bank plans to use the funds gradually over the next three or four years, he said. To facilitate lending increases the Bank tripled paid-in capital to about 18 billion dlrs from six billion in June. German bankers at the presentation criticized the Bank for its overly conservative lending, adding the Bank would do better to invest more capital in loans. Total net equity capital, consisting of subscribed capital and reserves, rose to 1,282 pct of its funded debt in 1986 from 552 pct in 1985, the Bank's statistics showed. Other Bank figures from 1986 showed the Interamerican Development Bank's net equity totaled 302 pct of funded debt, and the Asian Development Bank's 295 pct. Reuter 

BALLADUR SAYS MARKET MAY HOLD UP PRIVATISATIONS

French finance minister Edouard Balladur said the agenda of state privatisations may not be done at full speed if market conditions prove unsuitable. "I'm not going to privatise at full speed if market conditions do not permit. That would be absurd," he told journalists. "What we're going to do is adapt our program very closely to the evolution of our stock markets." French stock prices fell more than 10 pct on Monday, a 6-1/2 year record, as concern deepened that interest rates worldwide would surge and choke off fragile economic growth, dealers said. Stock of several privatised firms fell below their issue price. Reuter 

SOCIETY FOR SAVINGS BANCORP <SOCS.O> 3RD QTR

Shr 75 cts vs 55 cts Net 8,031,000 vs 5,819,000 Nine mths Shr 2.16 dlrs vs 1.42 dlrs Net 23.2 mln vs 15.1 mln Assets 3.41 billion vs 2.84 billion Deposits 2.54 billion vs 2.19 billion NOTE: 1987 nine mths includes gain 1,008,000 dlrs, or nine cts per share, from utilization of prior year's net operating loss carryforwards. NOTE: 1986 qtr and nine mths include loss 131,000 dlrs, or one cent per share, from unspecified extraordinary item. 1986 qtr and nine mths includes gain 2,281,000 dlrs, or 22 cts per share, and 6,393,000 dlrs, or 60 cts per share, respectively, from utilization of net operating loss carryforwards. full name of company is society for savings bancorp inc. Reuter 

NOMURA SAYS IT SEEKS LINK WITH KIDDER PEABODY

Nomura Securities Co Ltd is seeking a possible business relationship with Kidder Peabody and Co Inc, said Setsuya Tabuchi, the chairman of the board of Nomura. Tabuchi told an investment conference "at present the company's staff (of Nomura) has been studying the possiblity of a joint buiness," he said. Tabuchi said he has not been informed how far the study has progressed. He declined to elaborate further. Kidder Peabody is a wholly-owned subsidiary of General Electric <GE>. Kidder officials were not immediately available for comment. Reuter 

PROGRESSIVE BANK INC <PSBK.O> 3RD QTR NET

Shr 88 cts vs 73 cts Net 2,580,000 vs 2,147,000 Nine mths Shr 2.48 dlrs vs 2.33 dlrs Net 7,266,000 vs 5,948,000 Reuter 

WASHINGTON WATER POWER <WWP> 3RD QTR LOSS

Shr loss 12 cts vs profit two cts Net loss 2,669,000 vs profit 528,000 Revs 79.8 mln vs 74.9 mln Nine mths Shr profit 64 cts vs profit 1.63 dlrs Net profit 14.3 mln vs profit 35.7 mln Revs 280.0 mln vs 288.8 mln Reuter 

MARKET FALL DISCUSSED AT REAGAN LUNCH

President Reagan and his advisers discussed the stock market fall at a previously scheduled "issues lunch" at the White House, officials said. There was no formal comment on the market slide, but an official suggested that a comment might be forthcoming after the market closed. Reagan made no mention of the stock market when he gave a glowing account of recent economic performance at the swearing in of C. William Verity as Commerce Secretary. He said this month would set a record for the longest peacetime expansion on record and added that leading indicators had sent a message of "steady as she goes." Reuter 

BANKING CENTER <TBCX.O> SETS INITIAL QUARTERLY

Banking Center said its board declared an initial quarterly dividend of 20 cts per share, payable December 11, record October 30. Reuter 

BELLSOUTH CORP <BLS> 3RD QTR NET

Shr 87 cts vs 84 cts Net 418.6 mln vs 399.2 mln Revs 3.12 billion vs 2.89 billion Nine mths Shr 2.61 dlrs vs 2.62 dlrs Net 1.25 billion vs 1.23 billion Revs 9.10 billion vs 8.62 billion Avg shrs 481.4 mln vs 473.6 mln NOTE: Share adjusted for three-for-two stock split in February 1987. Reuter 

DIGITAL COMMUNICATIONS <DCAI.O> UNVEILS PRODUCTS

Digital Communications Associates Inc said it unveiled two new products that allow personal computers not directly attached to a mainframe computer to communicate with the host computer. The IRMAremote for Hayes AutoSync, which will cost 395 dlrs, is a software product that allows International Business Machines Corp <IBM> personal computers to communicate with host computers via dial-up telephone lines. The IRMAremote X.25, costing 1,795 dlrs, uses hardware and software and allows personal computers to communicate with host computers via X.25 packet switching network. Reuter 

DOW JONES INDUSTRIAL INDEX DROPS UNDER 2000 LEVEL, DOWN ALMOST 300 POINTS TODAY

RTE CORP <RTE> 3RD QTR NET

Shr profit 55 cts vs loss 12 cts Net profit 3,998,000 vs loss 915,000 Sales 93.8 mln vs 80.9 mln Nine mths Shr profit 1.71 dlrs vs profit 95 cts Net profit 12,641,000 vs profit 7,282,000 Sales 260.9 mln vs 249 mln Note: 1986 figures include a five mln dlr or 65 cts a share charge for electronics restructuring and 1.7 mln dlr charge from early retirement of 12 mln dlrs in long-term notes Reuter 

COMERICA INC <CMCA.O> 3RD QTR NET

Shr 2.17 dlrs vs 1.42 dlrs Net 24,907,000 vs 16,117,000 Nine mths Shr 4.05 dlrs vs 3.75 dlrs Net 47,105,000 vs 42,874,000 Assets 9.66 billion vs 9.25 billion Deposits 8.06 billion vs 7.80 billion Loans 842.5 mln vs 711.1 mln Reuter 

ST. JOSEPH LIGHT <SAJ> 3RD QTR NET

Shr 84 cts vs 86 cts Net 3,893,000 vs 4,054,000 Revs 21.0 mln vs 21.2 mln Nine Mths Shr 1.88 dlrs vs 1.87 dlrs Net 8,707,000 vs 8,848,000 Revs 57.9 mln vs 59.1 mln NOTE: 1986 per share adjusted for three for two stock split effective June 1, 1987. St. Joseph Light and Power Co is full name of company. Reuter 

YUGOSLAVIA DEBT PAYMENTS TO BE ADJUSTED TO EXPORTS

Yugoslav Prime Minister Branko Mikulic, unveiling a new draft economic program, said Yugoslavia would cut repayments on its almost 20 billion lr hard currency debt to bring them in line with its hard currency earning capacity. "We have decided to coordinate repayment of our debt with realistically assessed capabilities of our economy," he said in Parliament. He said the current debt-service ratio (over 40 pct of export revenue) was too high. Yugoslavia is to negotiate a long-term restructuring of its debt after missing repayments in recent months, Mikulic said. "If we did not change the dynamics of repaying our debt, the situation would become increasingly worse," Mikulic said. He said on the present repayment schedule, Yugoslavia would have a net outflow of two billion dlrs and the level of debt would be halved by 1995. But he added: "The consequences would not only mean slower economic growth in the coming years but also further exhaustion of the economy and lasting damage to the economy's capacity for development," he said. "All that would, of course, intensify social difficulties," Mikulic added. The state news agency Tanjug said on October 9 that Yugoslavia plans to adjust debt repayments over the next eight years and to cut the debt-service ratio to 25 pct. Yugoslavia failed to make a principal repayment due last month which had already been postponed by 90 days. Mikulic's proposed economic program, which also includes higher personal taxes as well as wage and price restraint, is intended to serve as a basis for the debt talks to demonstrate Yugoslavia's ability to eventually repay the credits. His program has to be discussed and approved by parliament by early November. Mikulic said foreign debt should be retained at about the same level as now until 1990 and the country should then be able to keep currency reserves equal to three months payments. "Of course, these are our proposals for talks with creditors. We expect understanding and support because it is in their interest as well," Mikulic said. He said that under the present schedule debt payments had slowed economic development and exhausted currency reserves. Banking sources say Yugoslavia's reserves are inadequate at present for even one month's debt and import bill. REUTER 

NYSE SAYS IT IS CONFIDENT IT CAN HANDLE VOLUME

The New York Stock Exchange said it is confident that its computer systems can handle the pace of trading volume today. "We are confident that whatever volume we have this afternoon, we can handle it," said Richard Torrenzano, a vice president at the NYSE. With two hours of trading left, a record 422 mln shares have traded hands, far outpacing the volume on the market's busiet days. The previous busiest day was last Friday, when 338 mln shares traded. "Our systems have been tested and they can handle heavy volume effectiviy and efficiently," Torrenzano said. He said the Exchange has been in constant contact with the Securities and Exchange Commission concerning today's record breaking decline and heavy volume. He declined to comment on the context of those discussions. Earlier today, SEC chairman David Ruder said a brief trading halt has been discussed as one way of restoring order to the market, but stressed he is not recommending one at this time. He did not say if the option was discussed with the NYSE. Reuter 

TRW INC <TRW> 3RD QTR NET

Shr 1.04 dlrs vs 67 cts Shr diluted 1.01 dlrs vs 66 cts Net 63.2 mln vs 40.5 mln Sales 1.70 billion vs 1.43 billion Nine mths Shr 2.91 dlrs vs 2.88 dlrs Shr diluted 2.85 dlrs vs 2.82 dlrs Net 176.5 mln vs 172.7 mln Sales 5.08 billion vs 4.49 billion Avg shrs 60.3 mln vs 59.6 mln Avg shrs diluted 62.0 mln vs 61.3 mln Reuter 

INVESTOR SUES FIRST NORTHERN SAVINGS <FNGB.O>

Investor Donald Knutson said he filed a suit against First Northern Savings and Loan Association of Green Bay, stating his request of management for access to First Northern's stockholder lists had been denied. Knutson owns about 9.9 pct of First Northern's outstanding stock. He said in his complaint he intends to use the list to cause a special meeting of First Northern's shareholders to be convened to discuss his concerns over the lack of liquidity in the trading market for the stock of First Northern and methods of increasing the value of the shares. Reuter 

SENATE BOSS ASKS REAGAN TO FIGHT STOCK FALL

Senate Democratic leader Robert Byrd, pointing to panic selling on Wall Street, urged President Reagan to join Congress in fighting trade and budget deficits. "It is time the administration put policies ahead of politics," Byrd said. Byrd said the president needs "to begin working with Congress to reduce the double deficits in trade and the budget that cause such a cloud on this nation's future." Reuter 

AUSTRIAN GUARANTEE WANTED ON STATE FIRM DEBTS

Head of the Chamber of Commerce's Money and Credit section, Hellmuth Klauhs, said the government should guarantee any company debts arising from the planned restructuring of the public sector. Klauhs said that there was no doubt that the government would meet its obligations. "But the owner should say this clearly once again," he added. Klauhs said 35 billion of 61 billion schillings owed by firms under the state holding <Oesterreichische Industrieholding AG> (OIAG) currently had no formal state guarantee. Nine of the 35 billion schillings were owed to foreign banks. Klauhs, also managing director of <Genossenschaftliche Zentralbank AG>, said banking industry officials would discuss the issue with finance minister Ferdinand Lacina next month. Lacina said last week a special guarantee would be unnecessary, as state industry had the financial power and enough liquidity to pay its debts. The government has said the latest injection of state funds into OIAG to cover losses will be the last. Under a restructuring plan, OIAG is to create five new holding companies divided by sector. REUTER 

AMEX SAYS IT SURPASSES DAILY VOLUME RECORD FOR EQUITIES FOR A SINGLE TRADING SESSION.

BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD

French Finance Minister Edouard Balladur said the Group of Seven (G-7) industrial countries should respect pledges on monetary policy made in the February Louvre accord on currency stability. "We have to strengthen the cooperation between the seven major industrial countries and remind ourselves of the pledges we made at the Louvre," he told journalists. "They were not simply pledges to maintain currency stability, but also to conduct a certain type of economic and monetary policy," he added. Reuter 

SOVIET 1988 GRAIN TARGET INDICATES 1987 OUTPUT

Recent announcements from Moscow of next year's grain production targets indicate that the Soviets are estimating this year's grain crop at 205 to 213 mln tonnes, Agriculture Department analysts said. USDA is projecting the Soviet crop at 210 mln tonnes, but some earlier estimates from Soviet officials were that the 1987 grain crop could match the 1978 record of 237 mln tonnes. Moscow outlined its economic targets for 1988 on Monday, putting the grain harvest goal at 235 mln tonnes. An analyst of Soviet agriculture at USDA noted that a recent article in Izvestia said Soviet grain production in 1988 is planned to be "25 to 30 mln tonnes more than expected this year." "This indicates that their own estimate is for a 205 to 213 mln tonne (grain) crop," the analyst said. In calculating Moscow's crop estimate, USDA used the 235 mln tonne production goal, as well as a 238 mln tonne figure published in a Soviet economic journal this month. USDA's production estimate of 210 mln tonnes reflects a range of 207 to 212 mln tonnes, a USDA source said. Late season rains damaged Soviet crops, slowed harvest progress and lowered Soviet production, analysts said. While in the U.S. earlier this month, Soviet agriculture official Viktor Nikonov predicted that the grain crop would be as good or better than last year's 210 mln tonne harvest. A member of Nikonov's party commented that although 230 mln tonnes of grain were in the fields, harvest problems would bring the final crop down to around 210 mln tonnes. Reuter 

CANADA 750 MLN DLR T-BILL ISSUE YIELD AVERAGE 8.60 PCT - OFFICIAL

BELLSOUTH CORP 3RD QTR SHR 87 CTS VS 84 CTS

<GLOBAL MOTORS> TO MARKET INDONESIAN VEHICLES

Global Motors Inc said it has agreed to become become the exclusive North American importer of the Lincan Gama, a four-wheel-drive sport vehicle manufactured by <P.T. Indauda> of Indonesia. In a letter of intent it signed with P.T. Indauda, Global said it expects to begin marketing the first Lincan Gamas in mid-1989, with 20,000 units projected to be marketed in the first year. Global is the parent company of Yugo America Inc, importer of the Yugoslavian Yugo vehicle. Reuter 

FIRST BOSTON INC 3RD QTR SHR 1.15 DLRS VS 76 CTS

FED'S JOHNSON SAYS LOUVRE ACCORD STILL VITAL

Federal Reserve Board Vice Chairman Manuel Johnson said the Louvre Accord is still healthy, but said the United States and West Germany must work out differences over their respective roles in fulfilling the accord. "The Louvre Accord has worked very well in terms of stabilizing exchange rates," he said in response to a question during an American Stock Exchange conference here. He said exchange rates have been stable so far in 1987 as a result of the accord. Reuter 

M.A. HANNA CO <HNM> TO ACQURE <PMS CONSOLIDATED>

M.A. Hanna Co said it has reached definitive agreement to purchase PMS Consolidated, a privately owned manufacturer of colorants for the plastics industry. M.A. Hanna said the purchase, which is subject to certain conditions, is scheduled to close around the end of October. Hanna announced last August that it was in negotiaitons to purchase the company. Headquartered in Somerset, N.J., PMS reported over 70 mln dlrs in revenues in its last fiscal year, which ended May 1987. Reuter 

FED'S JOHNSON SEES EASING OF INFLATIONARY FEARS

Federal Reserve Board Vice-Chairman Manuel Johnson said the inflationary expectations in the financial markets have eased since the Fed's last half-point increase in its discount rate to 6.0 pct. "We have seen the kind of expectational forces develop I think that we've been satisfied with since our last discount rate move," Johnson said. Fed Chairman Alan Greenspan has said the most recent discount rate increase on September 4 was largely aimed at quelling inflationary fears in financial markets which he said were largely unfounded. Reuter 

AMPLE SUPPLIES LIMIT U.S. STRIKE'S OIL PRICE IMPACT

Ample supplies of OPEC crude weighing on world markets helped limit and then reverse oil price gains that followed the U.S. Strike on an Iranian oil platform in the Gulf earlier on Monday, analysts said. December loading rose to 19.65 dlrs, up 45 cents before falling to around 19.05/15 later, unchanged from last Friday. "Fundamentals are awful," said Philip Lambert, analyst with stockbrokers Kleinwort Grieveson, adding that total OPEC production in the first week of October could be above 18.5 mln bpd, little changed from September levels. Peter Nicol, analyst at Chase Manhattan Bank, said OPEC production could be about 18.5-19.0 mln in October. Reuter and International Energy Agency (IEA) estimates put OPEC September production at 18.5 mln bpd. The U.S. Attack was in retaliation of last Friday's hit of a Kuwaiti oil products tanker flying the U.S. Flag, the Sea Isle City. It was struck by a missile, believed to be Iranian, in Kuwaiti waters, and was the first hit on a U.S. Flag commercial vessel in the seven year Iran/Iraq war. The U.S. Owned Liberian flag tanker Sungari was hit in the area on Thursday, also believed struck by an Iranian missile. Refiners were not significant purchasers of physical oil on Monday as a result increased Gulf tension following the U.S. Attack, analysts said. They said a closure of the Strait of Hormuz, through which around eight mln bpd passes, isnlikely because it is not in the interests of the U.S. Or Iran, they said. Any threat to oil supplies would stem from an increase in the number of tanker attacks as part of a widening of Gulf hostilities, analysts said. But they saw the U.S. Strike as a limited reply to Iranian missile attacks, with some describing it as responsible. Geoffrey Pyne, analyst at stockbrokers Phillips and Drew, said he was impressed by the sensible U.S. Response. "The U.S. Has thought carefully about what would correspond to Iranian agression. They have proved to the Iranians that any further action will be met with a like-for-like response. Today's action by the U.S. Was not escalatory," Pyne said. Kleinwort Grieveson's Lambert said the U.S. Strike was "a responsible retaliation," with the U.S. Apparently indicating to Iran that it could increase the severity of its attacksf Iran chose to raise the level of conflict. Chase Manhattan's Nicol took a different view, however. He said he was unable to see what the U.S. Had achieved as Arab states such as Kuwait and Saudi Arabia, whose interests the U.S. Is supposedly defending, will feel less secure as a result of the U.S. Attack and fear some sort of Iranian retaliation. The initial upward market move this morning reflected a strong speculative reaction to rumours of a U.S. Attack which was thought at one stage to have been against Iranian missile launchers on the Faw Peninsula, close to Kuwait, analysts said. The later downtrend followed confirmation of a U.S. Navy attack on an Iranian oil platform by the U.S. Defence Secretary Caspar Weinburger. Market operators were able to evaluate the situation in the Gulf on the basis of confirmed fact, and finding it less serious than first thought, took profits, taking prices lower, analysts and traders said. REUTER 

<TOTAL RESEARCH CORP> FISCAL 1987 NET

June 30 end Shr 0.3 ct vs four cts Net 18,463 vs 174,486 Revs 5,074,686 vs 4,181,978 Avg shrs 5,624,041 vs 4,860,000 Reuter 

COMMUNICATIONS AND CABLE <CCAB.O> BUYS STAKE

Communications and Cable Inc said it acquired about 21 pct of the outstanding shares of Imnet Corp, a privately owned company that designs, makes and services proprietary image storage and retrieval systems. Terms were not disclosed. Reuter 

BALTEK <BTEK.O> BUYS ECUADORIAN PLANT

Baltek Corp said it has acquired a shrimp packing plant in Ecuador for undisclosed terms. The company said the acquisition will result in a tripling of its Ecuadorian shrimp sales to about three mln pounds annually by 1988. Reuter 

GENDEX CORP <XRAY.O> 2ND QTR SEPT 30 NET

Shr nine cts vs six cts Net 242,000 vs 135,000 Sales 4,003,000 vs 2,968,000 Six Mths Shr 17 cts vs 14 cts Net 414,000 vs 297,000 Sales 7,54,000 vs 5,912,000 Avg shrs 2.4 mln vs 2.1 mln NOTE: 1986 net includes tax credits equal to one cent in the quarter and two cts in the six months. Reuter 

BEN AND JERRY'S HOMEMADE INC <BJIC.O> EIGHT MTHS

Shr 42 cts vs 32 cts Net 1,076,572 vs 826,939 Sales 20.5 mln vs 12.5 mln NOTE: Company released results in connection with filing for Class A common stock offering. Reuter 

ENSECO <NCCO.O> GETS EPA CONTRACT

Enseco Inc said it has received 4,600,000 dlrs in contract from the U.S. Environmental Protection Agency to test samples in support of the Superfund program over a 30-month period and to perform special analytical services. Reuter 

BALLADUR URGES G-7 TO RESPECT LOUVRE ACCORD

French Finance Minister Edouard Balladur said the Group of Seven (G-7) industrial countries should respect pledges on monetary policy made in the February Louvre accord on currency stability. "We have to strengthen the cooperation between the seven major industrial countries and remind ourselves of the pledges we made at the Louvre," he told journalists. "They were not simply pledges to maintain currency stability, but also to conduct a certain type of economic and monetary policy," he added. Balladur's comments came after U.S. Treasury Secretary James Baker said on Sunday that the U.S. Would have to re-examine the Louvre accords in the light of the rise in West German short-term interest rates. Balladur was one of the main architects of the Louvre accord and has invested considerable political capital in defending them. REUTER 

TRW INC 3RD QTR SHR 1.01 DLRS VS 66 CTS

BANCTEXAS <BTX> TO SELL AFFILIATE

BancTEXAS Group Inc said it has signed a definitive agreement to sell its BancTEXAS Sulphur Springs affiliate to a group of local investors led by Gene Watson for a cash amount equal to book value at the time of the sale, subject to regulatory approvals. The unit had assets of 18.2 mln dlrs as of September 30. BancTEXAS said it plans to concentrate on its primary market, the Dallas area. Reuter 

TRW <TRW> UNIT GETS 36.7 MLN DLRS IN CONTRACTS

TRW Inc's Federal Systems Group said it received 36.7 mln dlrs in U.S. Navy contracts to begin a system upgrade of its anti-submarine warfare operations center for the Space and Naval Warfare Systems command. The award is the start of a seven-year full-scale engineering development effort with a potential value of 90 mln dlrs, the company said. In subsequent phases, TRW said it will deliver, install, test and support the new system at five Navy sites. The anti-submarine warfare operations center interacts with multiple aircraft, command centers and support systems. Reuter 

TALMAN HOME FEDERAL <TLMN.O> 3RD QTR OPER NET

Oper shr 17 cts vs not available Oper net 1,619,000 vs 6,354,000 Nine Mths Oper shr 80 cts vs not available Oper net 7,675,000 vs 22,669,000 Assets 6.06 billion vs 5.74 billion Loans 3.11 billion vs 3.33 billion Deposits 4.57 billion vs 4.83 billion NOTE: 1987 operating net excludes tax credits of 3.9 mln dlrs or 40 cts a share in the quarter and 8.1 mln dlrs or 85 cts in the nine months period. 1986 nine months operating net excludes prepayment penalties on early retirement of loans of 736,000 dlrs. Talman Home Federal Savings and Loan Association, Chicago is full name of company. Reuter 

ALLWASTE <ALWS.O> TO ACQUIRE FIRM

Allwaste Inc said it entered into an agreement in principle to buy Tank Cleaning Co, a privately-held company that cleans tank trailers, in exchange for about 1.3 mln shares or Allwaste common. Allwaste said that Tank Cleaning earned about one mln dlrs before taxes last year and had about 1.5 mln dlrs in pre-tax income for the nine months ended September 30. Reuter 

GEAC COMPUTER <GAC.TO> LEAVES RECEIVERSHIP

Geac Computer Corp Ltd said the Supreme Court of Ontario has signed an order approving the company's proposal for repayment of its creditors and releasing the company from receivership. Reuter 

CATERPILLAR <CAT> SEES HIGHER FISCAL 1987 NET

Caterpillar Inc said it expects 1987 full year sales and profits to be "substantially better" than 1986 results, following improved third-quarter performance. Third-quarter earnings of the heavy machinery manufacturer increased to 146 mln dlrs, or 1.47 dlrs a share, from net loss of 26 mln dlrs, or 26 cts, in the 1986 quarter. Sales rose to 2.25 billion dlrs from 1.82 billion dlrs last year. A weaker U.S. dollar strengthened Caterpillar's position against foreign manufacturers and permitted price increases and boosted sales, while a cost-cutting program lowered costs significantly, the company said of third-quarter results. Continuation of the cost-reduction program, which is to pare costs by 15 to 20 pct from 1986 to 1990, and a further anticipated improvement in its price competitiveness are expected to contribute to higher full year 1987 profits, Caterpillar said. In 1986, the company earned 76 mln dlrs or 77 cents a share. Reuter 

NORTHEAST SAVINGS F.A. <NSB> 2ND QTR NET LOSS

Shr loss 1.39 dlrs vs profit 1.20 dlrs Net loss 5,306,000 vs profit 7,246,000 Six mths Shr loss 18 cts profit 2.23 dlrs Net profit 3,259,000 vs profit 14.2 mln Assets 6.79 billion vs 5.42 billion Deposits 3.99 billion vs 3.38 billion Loans 4.92 billion vs 4.53 billion NOTE: 1987 six mths per share includes preferred stock dividend payments. Reuter 

LSI LOGIC <LLSI.O> DEVELOPS NEW COMPUTER CHIP

LSI Logic Corp said it has developed a semi-custom microchip that is twice as dense as the most complex chip now available. The new microchip, LCA 100K Compacted Array Plus, has 100,000 usable gate arrays, or the equivalent of 400,000 transistors for designing custom chips, the company said. Production of the new chip will begin in about 15 months, said LSI Chairman Wilfred Corrigan. The microchip can be used in products including computers, telecommunications and military equipment, allowing them to operate faster with improved reliability, the company said. "This technology will pave the way for new uses in artificial intelligence, speech recognition and speech synthesis, as well as digital signal processing and image processing," Corrigan said. He also predicted the microchip will add about five pct to the company's revenues next year. Analyst Millard Phelps of Hambrecht and Quist Inc said he expects LSI to finish its 1987 fiscal year with per share earnings of 24 cts, on sales of 252 mln dlrs. He put 1988 earnings at 60 cts per share on 330 mln dlrs in sales. In the nine months ended Sept 27, LSI had earnings of 14 cts per share, or 5,560,000 dlrs, on 183.9 mln dlrs in sales. Reuter 

MARINE CORP <MCOR.O> 3RD QTR NET

Shr 30 cts vs 30 cts Net 1,804,000 vs 1,800,000 Nine mths Shr 89 cts vs 79 cts Net 5,334,000 vs 4,496,000 Reuter 

IRAN VOWS REPRISAL FOR U.S. ATTACK ON OIL RIG

Iran said several people were injured in Monday's U.S. Attack on an Iranian offshore oil site and vowed retaliation, Tehran radio reported. It quoted President Ali Khamenei as saying, "We will definitely retaliate and will not leave this American move unanswered." A broadcast monitored in Nicosia said several civilian personnel on the Rashadat oil platforms in the Gulf east of Qatar were injured when U.S. Warships bombarded them this afternoon. It described damage as "severe." Washington said four American frigates shelled and destroyed two Iranian platforms at the Rashadat (formerly Rostam) field at 1100 GMT on Monday in response to Friday's missile attack on a U.S.-flag ship in Kuwaiti waters. The U.S. Said Iranians used the platforms for military pruposes and had fired on an American helicopter from the rigs earlier this month. Khamenei denied that the platforms had military gear or personnel and said the U.S. Attack lacked miltary value. "With this move Mr. Reagan has committed a big mistake and has definitely increased his problems... REUTER 

BELL ATLANTIC <BEL> UNIT SELLS FIVE-YEAR NOTES

Chesapeake and Potomac Telephone Co of Maryland, a unit of Bell Atlantic Corp, is raising 100 mln dlrs via an offering of notes due 1992 with a 10-1/4 pct coupon and par pricing, said lead underwriter Morgan Stanley. That is 46 basis points more than the yield of comparable Treasury securities. Non-callable for life, the issue is rated Aa-3 by Moody's Investors Service and AA-minus by Standard and Poor's. Late last week, Moody's and S and P downgraded the telephone company's debt ratings, underwriters noted. Reuter 

FED'S JOHNSON SAYS LOUVRE ACCORD ALIVE, BUT CITES U.S.-GERMAN DIFFERENCES

U.S SENATE PANEL VOTES TO LIMIT COUNTY LOAN DROP

The Senate Agriculture committee voted to limit changes in county loan rate differentials starting with the 1988 crop as part of a budget deficit reduction package. The panel also approved measures that could trigger larger corn and wheat acreage reduction requirements, increase farmer-held reserve storage payments, reduce a potential milk support price cut, and require advance deficiency payments for producers of major crops. A proposal to require imported tropical oils be labeled on U.S. food products failed by a 10-8 vote. Reuter 

NABET SAYS MOST UNITS ACCEPT NBC CONTRACT

A spokesman for the National Association of Broadcast Employees and Technicians said it is studying its next moves in its strike against the National Broadcasting Co after 12 of its units voted to accept a contract proposal and two small units voted to reject. The spokesman said the union will make a further announcement later today after union leaders had a chance to confer. The only units voting to reject were a Chicago couriers group and a Los Angeles plant maintenance group. The spokesman said the two units represented 37 votes out of approximately 2800. NBC is a unit of General Electric Co <GE>. Reuter 

NEW YORK STOCK EXCHANGE TRADES MORE THAN 400 MLN SHARES FOR FIRST TIME IN A SINGLE SESSION

ANALOG DEVICES <ADI> MAY REPURCHASE SHARES

Analog Devices Inc said it may repurchase up to one mln of its 46 mln common shares outstanding on the open market over the next several months for use in its employee stock purchase and stock option plans. Reuter 

TACO VIVA <TVIV.O> NAMES NEW PRESIDENT

Taco Viva Inc said it named Donald Ryan as president and chief operating officer of the company. He assumes the president's slot formerly held by J. Brion Foulke III, who retains his positions as chairman and chief executive officer, the company said. Ryan most recenty served as president of <Interim Restaurant Management Inc>, a firm specializing in rejuvenating operations of ailing restaurant chains. Ryan will join Taco Viva in early November, the company said. Reuter 

FED'S JOHNSON WARNS AGAINST LOWER DOLLAR

Federal Reserve Board Vice-Chairman Manuel Johnson cautioned against seeking "quick-fix solutions" to persistent U.S. trade and federal budget deficits. In particular, he told an American Stock Exchange conference, a decline in the dollar below current levels would exacerbate financial market conditions. "Trying to artificially depress the dollar severely below current levels ... would exacerbate financial market conditions and lead to further potential for financial problems." Nowhere, Johnson said, are Fed officials hearing that U.S. businesses cannot compete at current exchange rates. He acknowledged the U.S. trade deficit was persisting despite a decline in the dollar's value of 40 to 50 pct in the past two years. But the deficit is improving in volume terms and will soon begin showing improvement. "The stage I think is being set for a healthy, constructive expansion without inflationary instability," he said. Reuter 

SWISS PLAN CHANGE IN LIQUIDITY REQUIREMENT

The Swiss Banking Commission hopes to introduce a major reform of the banking system in January which would revolutionise the workings of the country's unusual liquidity requirements. Commission Director Kurt Hauri told Reuters the main consequence of the change would be an end to the sharp rise in interest rates which occurs at the end of every month. By effectively reducing liquidity requirements, it would also help Swiss banks compete better against those in Britain, West Germany and the United States, he said. The commission wants to move to a system of average liquidity requirements, where banks have to hold reserves equivalent to a certain proportion of their exposure calculated over the month as a whole. The current system, described as a Swiss special case by Hauri, forces banks to comply with requirements generally only at the end of each month. The result is a sharp upward trend in short dated money market rates, overshadowed by the approach of the end-month, called the ultimo, with consequent high costs for the banks who are forced to borrow extra funds from the National Bank. This was particularly pronounced in June 1986 when overnight rates hit triple figures, due to a combination of the half-year end and a rigid adherence by the National Bank to its money supply target. Although the rise shocked the bank into more flexibility, the problem remained. The reform proposal, which Hauri said had been planned for years, was given to banks and other interested parties for comment on September 30. They have until the end of this month to suggest alterations. Subject to such changes, and to the government go-ahead, it will come into force on January 1, Hauri said. REUTER 

REPUBLIC <RNB> UNIT'S NOTES YIELD 9.612 PCT

Republic National Bank of New York, a unit of Republic New York Corp, is offering 100 mln dlrs of notes due 1989 yielding 9.612 pct, said sole manager Salomon Brothers Inc. The notes have a 9-1/2 pct coupon and were priced at 99.80 to yield 63 basis points more than the when-issued two-year Treasury notes. Non-callable for life, the issue is rated Aa-1 by Moody's Investors Service Inc and AA by Standard and Poor's Corp. Reuter 

INFOTRON <INFN.O> NAMES NEW CHIEF EXECUTIVE

Infotron Systems Corp said James C. Castle has been named president and chief executive officer, succeeding James C. Hann, who becomes vice chairman and will focus on product technology issues. Castle had been president of TBG Information Systems Inc, a subsidiary of Thyssen AG <THYH.G>. Reuter 

FED'S JOHNSON SAYS INFLATIONARY FEARS CALMER SINCE LAST DISCOUNT RATE RISE

AMR <AMR> UNIT TO BUY NINE SMALL PLANES

AMR Corp said its Nashville Eagle Inc subsidiary will acquire nine 19-seat Metro III airplanes in separate agreements with Fairchild Industries Inc's <FEN> Fairchild Aircraft Corp unit and <Midstate Airlines Inc>. Terms of the agreements were not disclosed. The company said the pre-owned airplanes will begin during the fourth quarter of this year. Nashville operates more than 100 commuter flights daily to 16 cities that connect to AMR's American Airlines' daily flights at the Nashville terminal in Fort Worth, Texas. Reuter 

Balladur urges G-7 to respect pledges on monetary policy in Louvre accord

PIONEER-STANDARD ELECTRONICS INC <PIOS.O>2ND QTR

Periods ended September 30 Oper shr 24 cts vs six cts Oper net 1,297,881 vs 312,295 Sales 60.5 mln vs 52.2 mln First half Oper shr 39 cts vs 13 cts Oper net 2,099,679 vs 711,530 Sales 118.1 mln vs 103.7 mln NOTE: 1986 operating net excludes losses from discontinued operations of 154,661 dlrs, or three cts a share, in quarter and 409,476 dlrs, or seven cts a share, in half. Reuter 

CITIZENS FINANCIAL GROUP INC <CITN.O> 3RD QTR

Shr 43 cts vs 55 cts Net 6,262,000 vs 7,948,000 Nine mths Shr 1.30 dlrs vs 1.54 dlrs Net 18.8 mln vs 22.3 mln Assets 2.4 billion vs 2.1 billion NOTE: Prior year amounts restated to reflect 2-for-1 stock split effective May 15, 1987. Reuter 

IRWIN MAGNETIC SYSTEMS INC <IRWN> 1ST QTR NET

Period ended Sept 27 Shr nine cts vs 24 cts Net 474,000 vs 880,000 Sales 11.2 mln vs 11.8 mln Avg shrs 5,369,555 vs 3,654,986 Note: 1986 figures include tax credits of 113,000 dlrs or three cts a share. Reuter 

CLOSING OF MARKETS NOT UNDER DISCUSSION, SEC SAYS

Federal securities regulators are not discussing a move to close U.S. securities markets, a spokesperson for the Securities and Exchange Commission said. The SEC "...is not discussing closing the nation's securities markets," the SEC said today in a prepared statement. The Commission said it is "is concerned about current market conditions, is closely monitoring the situation and is in regular contact with the various markets and other regulatory bodies." An SEC spokesperson emphasized that the SEC has not been in contact with Reagan administration officials concerning today's market activity, or any response to the volatile U.S. stock market. Reuter 

U.S. SENATE PANEL VOTES TO LIMIT COUNTY LOAN RATE CHANGES STARTING WITH 1988 CROPS

NORTHROP MUST PAY KHASHOGGI FIRM - U.S. COURT

The Supreme Court let stand a ruling that Northrop Corp <NOC> must pay 31 mln dlrs to a company controlled by Saudi businessman Adnan Khashoggi. The court denied a Northrop appeal challenging a U.S. arbitration tribunal's ruling that it pay 31 mln dlrs in commissions and interest stemming from arms contracts it won from Saudi Arabia in the early 1970s. Northrop, seeking to sell F-5 fighter aircraft and supporting services to Saudi Arabia, hired Khashoggi's firm in 1970 as its marketing representative. Northrop paid more than 17 mln dlrs in commissions to Khashoggi's firm, Triad International Marketing, from 1971 to 1975. U.S. Defense Department records showed that Northrops' sales to Saudi Arabia during this period totaled 4.2 billion dlrs. The legal battle dates back to 1979, when Khashoggi began arbitration proceedings seeking payment of more than 150 mln dlrs in commissions due under his agreement with Northrop. A federal judge in 1984 threw out the arbitration panel's award of 31 mln dlrs to Khashoggi's firm, but a U.S. Court of Appeals reinstated it last March. Reuter 

NABET SAYS IT STUDIES NEXT MOVE IN NBC STRIKE AFTER 12 UNITS ACCEPT CONTRACT, TWO REJECT

FED'S JOHNSON SAYS U.S. ECONOMY POISED FOR CONTINUED GROWTH, STABLE INFLATION

FED'S JOHNSON SAYS LOWER DOLLAR WOULD EXACERBATE MARKET CONDITIONS

BENCH CRAFT INC <SOFA.O> 3RD QTR NET

Shr 23 cts vs 22 cts Net 1,293,000 vs 1,256,000 Sales 39.7 mln vs 31.6 mln Nine mths Shr 72 cts vs 61 cts Net 4,099,000 vs 3,470,000 Sales 115.9 mln vs 87.6 mln NOTE: Share adjusted for three-for-two stock split in February 1987. Reuter 

EGYPT TO BUILD ROADS FOR UGANDA

Egypt has agreed to build two new roads in Uganda worth a total of 295 mln dlrs, Egyptian commercial attache Muhammud el Tahan said. The two countries signed an agreement under which Egyptian companies will reconstruct the roads between Fort Portal and Bundibugyo near the Zaire border in western Uganda and between Kapchorwa and Swam near Mount Elgon in the east of the country, he told reporters. Uganda would repay the loan from Egypt 70 pct in unspecified barter goods and 30 pct in hard currency. Egypt and Uganda are also discussing the possibility of Egyptian help for a project to grow wheat in Uganda, he added. Reuter 

CITYFED FINANCIAL CORP <CTYF.O> 3RD QTR LOSS

Shr primary loss eight cts vs profit 49 cts Shr fully diluted loss eight cts vs profit 45 cts Net profit 681,000 vs profit 11.5 mln Nine mths Shr primary profit 33 cts vs profit 2.36 dlrs Shr fully diluted profit 33 cts vs profit 1.92 dlrs Net profit 12.7 mln vs profit 47.5 mln Assets 10.53 billion vs 10.75 billion Deposits 5.98 billion vs 5.89 billion Loans 8.44 billion vs 9.09 billion NOTE: 1987 nine mth figures include gain of 2,470,000 dlrs from cumulative effect of an accounting change. 1987 3rd qtr and nine mth figures also include gain of 12.1 mln dlrs from sale of real estate investment property. 1987 3rd qtr and nine mths earnings per share reflect payment of dividends on company's two series of preferred stock amounting to 2.2 mln dlrs. Reuter 

CATERPILLAR INC <CAT> 3RD QTR NET

Shr profit 1.47 dlrs vs loss 26 cts Net profit 146 mln vs loss 26 mln Revs 2.25 billion vs 1.82 billion Nine mths Shr profit 1.82 dlrs vs profit 2.27 dlrs Net profit 180 mln vs profit 224 mln Revs 5.94 billion vs 5.55 billion Reuter 

COLOMBIA OPENS COFFEE REGISTRATIONS - LDN TRADE

Colombia has opened export registrations for November coffee shipments, trade sources said. No further details were available. Reuter 

DENSE-PAC MICROSYSTEMS INC <DPAC.O> 2ND QTR

Period ended August 29. Shr profit one ct vs loss one ct Net profit 128,112 vs loss 30,170 Sales 1,620,707 vs 1,325,406 Avg shrs 9,306,031 vs 3,499,219 Six Mths Shr nil vs loss nine cts Net profit 25,890 vs loss 322,675 Sales 2,915,077 vs 1,845,003 Avg shrs 9,283,631 vs 3,499,219 Reuter 

NEWHALL INVESTMENT PROPERTIES <NIP> 3RD QTR

Shr 1.13 dlrs vs 87 cts Net 5,010,000 vs 3,868,000 Nine mths Shr 4.91 dlrs vs 4.84 dlrs Net 21.8 mln vs 21.5 mln NOTE: Current quarter figures include gain of 4.7 mln dlrs on property sales vs gain of 2.9 mln in prior year's quarter. Current nine month figures include gain of 20.5 mln dlrs on property sales vs gain of 19 mln dlrs. Reuter 

CHRYSLER <C>SETS RECORD 1987 IMPORT TRUCK SALES

Chrysler Corp said its import operations closed out its 1987 model year with record sales of Dodge Ram-50 models of 76,913 trucks compared with the previous record 72,629 trucks sold in 1986. The Ram-50 is imported for Dodge from Mitsubishi Motors Corp. Reuter 

ASPEN RIBBONS INC <ARIB.O> 1ST QTR NET

Sept 30 Shr seven cts vs five cts Net 234,504 vs 157,862 Revs 4,096,000 vs 3,007,383 Reuter 

LSI LIGHTING SYSTEMS INC <LYTS.O> 1ST QTR NET

Qtr ends September 30 Shr 25 cts vs 13 cts Net 759,000 vs 383,000 Revs 9,052,000 vs 6,829,000 Reuter 

GUILFORD MILLS <GFD> TO REPURCHASE SHARES

Guilford Mills Inc said its board has authorized the repurchase of up to one mln of its common shares from time to time in the open market. The company has about 10.5 mln shares outstanding. Reuter 

EC DOES NOT PLAN STATEMENT ON U.S. STRIKE ON IRAN

The European Community (EC) will not issue a joint statement on the U.S. Attack on Iran for now, diplomats said. They said the latest events in the Gulf were discussed only briefly by foreign ministers over lunch, though member states had been informed by Washington that it was planning military action. "They didn't have enough information to discuss it fully and they wouldn't have agreed anyway," one diplomat said. Belgian Foreign Minister Leo Tindemans said Belgium had always opposed an extension of violence in the Gulf and deeply regretted that the situation had deteriorated. But British Foreign Secretary Sir Geoffrey Howe said the United States was fully entitled to take military action and Francisco Fernandez Ordonez of Spain said the U.S. Strike could be considered an af self-defence. REUTER 

NATIONAL DISTILLERS <DR> TO REPURCHASE SHARES

National Distillers and Chemical Corp said it intends to repurchase up to 540,000 of its 32.8 mln common shares outstanding. Reuter 

SEIDMAN WORRIED ABOUT U.S. CONSUMER CONFIDENCE

Federal Deposit Insurance Corp chairman William Seidman said he is worried that consumer confidence will be undermined by panic selling of stocks. "The principal worry is that the market will panic and destroy the really strong confidence that the consumer has in the economy," Seidman told reporters during the American Bankers Association annual convention. But Seidman was relaxed about the implications for banks. "I don't see any near-term effect on the banking system. We would have to worry if it throws the economy into a major recession. We don't expect that to happen." he said. First Chicago Corp chairman Barry Sullivan echoed Seidman, saying that the slump in stocks could hasten a recession "if it significantly impacts consumer confidence." But Sullivan told reporters that he thinks the U.S. economy remains sound. Sullivan said the slide in stocks was an extreme reaction to recent increases in interest rates. Asked whether First Chicago would follow Chemical Bank in raising its prime rate to 9-3/4 pct from 9-1/4, Sullivan said, "We're looking very carefully at the money markets." The FDIC's Seidman, asked whether the stock market rout was a reason to reconsider plans to give broader securities powers to commercial s, said, "Under the plan we are suggesting that (securities) activities be done in subsidiaries so if ever things go badly for them it won't affect their capital." Reuter 

U.S. HOUSE SPEAKER DENIES TRADE BILL HURT STOCKS

House Speaker Jim Wright dismissed charges that the trade bill before Congress contributed to the fall in stock prices on Wall Street. "That is utterly ridiculous," the Texas Democrat told reporters. Treasury Secretary James Baker and other administration officials over the weekend pointed to the pending legislation -- which they brand too protectionist -- as a key factor in the record-setting drop. Reuter 

ALLIED-SIGNAL <ALD> AEROSPACE PROFITS DROP

Allied-Signal Inc said profits in its aerospace division fell 46 pct in the third quarter due to lower margins and significantly higher development costs for several aircraft, including the MD-80. After-tax income from its aerospace operations, the largest of its divisions, was 43 mln dlrs compared with 79 mln dlrs a year earlier, which was restated to exclude sales and expenses from discontinued operations, Allied-Signal said. Revenues in the aerospace division edged up to 1.144 billion dlrs from 1.099 billion dlrs a year earlier. After-tax income from its automotive division rose to 28 mln dlrs from 26 mln dlrs. In its engineered materials division, after-tax income rose to 52 mln dlrs from 39 mln dlrs. Sales in its automotive unit rose to 882 mln dlrs from 662 mln dlrs. Sales in its engineered materials unit rose to 706 mln dlrs from 666 mln dlrs. During the third quarter, the company authorized buyback of 25 mln common shares, including stocks held in odd lots of less than 100 shares. As of Octotber 16, company said it had reduced the number of shares outstanding to 164.6 mln. Reuter 

ROTO-ROOTER INC <ROTO.O> 3RD QTR NET

Shr 23 cts vs 20 cts Net 1,115,000 vs 971,000 Revs 13.8 mln vs 11.9 mln Nine mths Shr 64 cts vs 52 cts Net 3,134,000 vs 2,521,000 Revs 40.1 mln vs 31.8 mln Reuter 

CITY SAVINGS BANK OF MERIDEN <CSBM.O> 3RD QTR

Shr 34 cts vs not given Net 510,192 vs 328,428 Nine mths Shr one dlr vs not given Net 1,489,831 vs 741,136 NOTE: Company went public in September 1986. Reuter 

HOME FEDERAL SAVINGS BANK OF GEORGIA <HFGA.O>

3rd qtr net Shr 22 cts vs 54 cts Net 366,497 vs 877,148 Nine mths Shr 70 cts vs 1.17 dlrs Net 1,185,352 vs 1,924,255 Reuter 

INTERNATIONAL TELECHARGE INC <ITIL.O> 3RD QTR

Shr loss five cts vs loss eight cts Net loss 657,000 vs loss 566,535 Revs 9,341,755 vs 260,468 Avg shrs 14,323,384 vs 7,081,688 Nine mths Shr loss 19 cts vs loss 39 cts Net loss 2,449,094 vs loss 1,408,789 Revs 15,571,230 vs 683,684 Avg shrs 12,655,172 vs 3,612,300 Reuter 

SPECTRAMED INC <SPMD.O> 3RD QTR NET

Shr profit seven cts vs n/a Net profit 587,000 vs profit 3,231,000 Sales 18.5 mln vs 18.7 mln Nine Mths Shr loss 39 ct s vs n/a Net loss 2,368,000 vs protit 7,165,000 Sales 55.4 mln vs 54.2 mln Note: Current nine month figures include extraordinary loss of 1.2 mln dlrs, or 17 cts per share, resulting from costs associated with restructuring. Prior quarter and nine month per share figures not applicable because company began operations in October, 1986 with the acquisition of Gould Inc's <GLD> medical products group. Reuter 

M/A/R/C INC <MARC.O> 2ND QTR SEPT 30 NET

Shr 21 cts vs 11 cts Net 661,000 vs 325,000 Revs 13.6 mln vs 13.4 mln Avg shrs 3,148,000 vs 3,011,000 1st half Shr 42 cts vs 25 cts Newt 1,310,000 vs 752,000 Revs 28.2 mln vs 25.6 mln Avg shrs 3,136,000 vs 3,006,000 Reuter 

CHAMBERS DEVELOPMENT CO INC <CDV> 3RD QTR NET

Shr 23 cts vs 15 cts Net 2,641,000 vs 1,295,000 Revs 15.6 mln vs 7,925,000 Avg shrs 11.6 mln vs 8,900,000 Nine mths Shr 65 cts vs 37 cts Net 6,805,000 vs 3,308,000 Revs 42.7 mln vs 20.6 mln Avg shrs 10.5 mln vs 8,900,000 Reuter 

VOPLEX CORP <VOT> 3RD QTR LOSS

Shr loss 24 cts vs loss 13 cts Net loss 619,956 vs loss 340,735 Revs 17.2 mln vs 18.2 mln Nine mths Shr profit six cts vs loss 92 cts Net profit 172,384 vs loss 2,437,333 Revs 57.7 mln vs 57.5 mln Reuter 

SECURITY COUNCIL CALLS TALKS AFTER GULF ATTACK

The U.N. Security Council was called to a private meeting on Monday for consultations following the United States attack on an Iranian oil platform. Meanwhile, a U.N. spokesman said that as far as he knew a report to the council and Secretary General Javier Perez de Cuellar on the action had not been received from the Americans. In Washington, President Reagan said the United Nations was being informed of the attack under the provision of the U.N. Charter regarding notification of actions taken under the right of self-defense. The U.N. spokesman, Francois Giuliani, said Perez de Cuellar had no comment on the attack, taken in response to Iranian action against an American-owned tanker last week, but was trying to find out "what actually happened." Calls to Iran's U.N. commission elicited no response. Reuter 

CATERPILLAR INC SEES HIGHER FISCAL 1987 EARNINGS

UNITED SAVINGS AND LOAN <UNSA.O> 2ND QTR NET

Sept 30 Shr 44 cts Net 905,000 vs 631,000 Six months Shr 88 cts Net 1,793,000 vs 1,378,000 Assets 221 mln vs 223.2 mln Deposits 186.4 mln vs 189.8 mln Loans 176.5 mln vs.7 mln Reuter 

ASEA BROWN BOVERI SETS GROUP STRUCTURE

Asea AB <ASEA.ST> said the group to be formed by its merger with Switzerland's BBC AG Brown Boveri und Cie <BBCZ.Z> would have four main business areas; power plants, power transmission, power distribution and industrial equipment. Asea Brown Boveri Ltd's international markets would continue to be run by decentralised management, and the three main home markets, Switzerland, West Germany and Sweden, would continue to play an important role, Asea said in a statement. It said research and development were crucial to the group's future and central reasearch resources and laboratories in the three home markets would be strengthened. Reuter