Raids Are Reported At Japanese Firms
Date: 15 April 1997
By Bloomberg News
Bloomberg News
Japanese news organizations are reporting that regulators have searched offices of three big Japanese securities houses; reports are latest sign the scandal at Nomura Securities could affect rest of brokerage industry; investigators are looking for evidence that Daiwa Securities, Yamaichi Securities and Nikko Securities funneled profits to Ryuichi Koike, corporate racketeer named in Nomura scandal (S)
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China Trade Surplus Up Sharply in Quarter
Date: 16 April 1997
By Bloomberg News
Bloomberg News
China's trade surplus ballooned to $6.7 billion in first quarter of 1997, suggesting that Chinese consumers are reluctant to spend even as country's exports boom; exports surged 25 percent, to $35.5 billion, as China closes a trade deficit from first three months of 1996 (S)
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ADVANTA MAY ABANDON MARKETING OF REWARDS CARD
Date: 16 April 1997
By Bloomberg News
Bloomberg News
Advanta Corp will probably stop marketing credit card that gives customers rewards in an American Express Co program and settles pending lawsuits involving Visa International Inc and Mastercard International Inc (S)
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NATIONAL SERVICE IN TALKS OVER PARTIAL SALE OF LINEN UNIT
Date: 16 April 1997
By Bloomberg News
Bloomberg News
National Service Industries is in talks to sell parts of its $500-million-a-year textile rental unit (S)
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FORTRESS GROUP IN DEAL FOR WOODSIDE HOMES
Date: 16 April 1997
By Bloomberg News
Bloomberg News
Fortress Group Inc plans to acquire closely held Woodside Homes Corp for $126.5 million in cash, stock and assumed debt to expand its home-building operations in Arizona, Nevada and Utah (S)
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GREAT UNIVERSAL BUYS SECOND U.S. DIRECT MARKETER
Date: 15 April 1997
By Bloomberg News
Bloomberg News
Great Universal Stores PLC buys Direct Marketing Technology Inc for up to $298.7 million in cash and assumed debt, its second recent acquisition in US information-marketing industry (S)
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GENERAL ELECTRIC ADDS LOCKHEED MARTIN MEDICAL UNIT
Date: 16 April 1997
By Bloomberg News
Bloomberg News
General Electric Co buys Lockheed Martin Corp's medical imaging business for undisclosed price to expand its ability to store and transmit X-ray and other images electronically (S)
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MERITAGE HOSPITALITY OFFERS TO BUY SKYLINE CHILI
Date: 16 April 1997
By Bloomberg News
Bloomberg News
Meritage Hospitality Group Inc offers to buy Skyline Chili Inc for as much as $34 million (S)
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COLEMAN TO CLOSE 4 PLANTS AND CUT WORK FORCE
Date: 16 April 1997
By Bloomberg News
Bloomberg News
Coleman Co will close three US and one international factory, trim its 7,000-member work force by 10 percent and eliminate about a third of its product line as it strives to become more profitable; Coleman also plans to close its year-old corporate headquarters in Golden, Colo, and its regional headquarters in Geneva, Switzerland (S)
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Donaldson, Lufkin Posts 32.7% Gain In Earnings
Date: 15 April 1997
By Bloomberg News
Bloomberg News
Donaldson, Lufkin & Jenrette Inc says earnings rose 32.7 percent in first quarter; earnings rose to $86.4 million from $65.1 million in 1996 first quarter; revenue after interest expenses rose 27 percent, to $760 million from $600.9 million a year earlier; table (M)
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