Niagara Mohawk stock may tumble after hefty dividend cut
Niagara Mohawk Power Corp warns investors that its dividend will be cut to 1.20 per share, an 88 cent reduction, as the firm writes off 8795 million of Nine Mile Point 2 costs. Retained earnings will absorb the charge as utilities face customer-cost limits. Analysts expect a negative market reaction to the 44 percent dividend slash.
MENTIONED IN THIS ARTICLE
Niagara Mohawk Power Corp
Nine Mile Point 2
Niagara Mohawk Moust
Nine Mile 2
Dan Scotto
L F. Rothschild, Tin
NiMo earnings and dividend rate changes announced
NiMo reports earnings with two quarters paid at 52 cents per quarter. The third quarter dividends are set at 7.20 dollars annually, 30 cents per quarter. Fourth quarter 1985 and 1987 dividends at 30 cents per quarter await board approval.
MENTIONED IN THIS ARTICLE
Duartex
US flagged tanker hits mine near Kuwait
The Bridgeton, one of two American flag tankers under U.S. Navy escort, struck a mine in the Persian Gulf about 120 miles from its destination. No injuries among 26 aboard, though the vessel began taking on water, yet it continued steaming with Navy reports confirming the impact and damage.
MENTIONED IN THIS ARTICLE
Kuwait
U.S. Navy
Persian Gulf
Bridgeton
Navy
Richard Vogel
Smell Test Sneakers Win For Nedrow Girl
A playful contest at Walter M Wheeler Middle School in Onondaga Onondaga County pits 14 worn sneakers against each other to crown the stinkiest pair. Robin Daniels of Nedrow wins with pink cars sneakers, while 11 year old Valerie Vincent from Cedarvale Road reveals the worn look and sparking scribbles from friends.
MENTIONED IN THIS ARTICLE
Bill Naughton
Naughton
Wilcox Place
Jamesville
Walter M. Wheeler
Gnondaga
Robin Daniels
Hogsback Road
Nedrow
Daniels
Onondaga
Jeremy Recor
S. Onondaga
Valerie Vincent
Wheeler Middle School
Milton Quote on Free and Open Encounter
A quotation from John Milton urges that men distinguish right from wrong ideas when given opportunity for free and open encounter. This compact line emphasizes the value of open discourse in moral discernment and public reasoning.
Jet crew overpower hijacker after passenger slain
At Geneva a hijacker aboard an Air Afrique jet was overpowered by cabin crew after fatally shooting two passengers. Passengers escaped via a rear door as front crew fought the attacker, injuring one crew member. Authorities confirmed the casualty and noted doubts over the hijacker’s true name.
MENTIONED IN THIS ARTICLE
Jet
Geneva
Air Afrique
Jacques Zweigeri
Zweisert
Hussein Ali Mohamed Hariri
Zweigert
Diane
Robert Ducret
Shultz Says Reagan Aides Hid Arms Deal Facts
Secretary of State George P. Shultz testified that senior White House aides misled President Reagan about the Iran arms for hostages proposal. He named two officials who allegedly shielded the president and sparked a fierce internal clash as the State Department fought an embargo.
MENTIONED IN THIS ARTICLE
Washington
George P. Shultz
White House
Reagan
Iran
State Department
Ayatollah Khomeini
Shultz
Sinitz
Middle East
CLA
William J. Casey
Shultz Reveals Resignations to Reagan Across Years
Secretary of State George Shultz testified at the Iran Contra hearings that he had offered his resignation to President Reagan three times since 1983, with the most recent gesture occurring in August.
MENTIONED IN THIS ARTICLE
Shultz
Reagan
91 year old climbs Mount Fuji in record ascent
Hulda Crooks a 91 year old climber from California became the oldest woman to reach Mount Fuji Japan's highest peak. She completed the three day ascent in front of supporters with a banner at the summit and spoke by phone to Elmer Digeno the mayor of Loma Linda California.
MENTIONED IN THIS ARTICLE
Mount Fuji
Japan
Hulda Crooks
California
Also Mentioned on This Page
NiMo
Niagara Mofiands Poser
Lake Ontario
Lindy
Betsy Barrett
Jackie Cannizzo
The
Associated Press
Vogel
Tim Ahern
News Service
Kidd
Iraq
Qatar
Saudi Arabia
Uae
Esther Gross
John Milton
Ziccy
Yeucevou
Sorung Ng Schine
EIDE
Slee Papi Siding & Rootes Sess Atl
Fuji
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