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UBS Analyst Hanley Offers Up More BT Banter

After a day of chasing phantom mergers, the last thing anyone wants is more for the evening. Alas, the following information was found after the bell sounded.

UBS Securities

analyst Thomas Hanley, the same man who said

Travelers

(TRV) - Get Travelers Companies, Inc. Report

would buy

Bankers Trust

(BT)

, told

Reuters

that

Credit Suisse First Boston

might also go after BT. Make up your mind dude. For more on Hanley's previous merger calls, see

Erle Norton's story earlier Thursday.

Grocery chain

TheStreet Recommends

Food Lion

(FDLNA)

reported no third-quarter earnings against 11 cents a share last year. Analysts had seen the company reporting profits of 11 cents per share, according to

First Call

. The company said it would close 61 stores in Louisiana, Oklahoma and Texas.

Xerox

announced it will sell its

Westchester Insurance

unit to

Ace

(ACL)

for $333 million.

Toro

(TTC) - Get Toro Company Report

says it will close its Mound, Minn. plant.

A report by the

Conference Board

said the U.S. economy would likely grow by 3.7% in 1997 and 3.1% in 1998.

Newport News Shipbuilding

(NNS)

says it sees earnings at break even for the third quarter and lower than expected for the year.

Athletic shoe maker

Nike

(NKE) - Get NIKE, Inc. Class B Report

reported first-quarter earnings of 85 cents a share versus 76 cents a year earlier. The Street had expected 84 cents. Check out Reporter Suzanne Kapner

closer look at Nike's report.

The

New York Stock Exchange

said it would suspend and delist

Caldor

(CLD) - Get Cloud Peak Energy Inc. Report

. The company apparently fell below the exchange's criteria after filing for Chapter 11 bankruptcy protection.

Texas Instruments

(TI)

declared a two-for-one stock split.

The brand manager for

GM's

Cadillac

division says its Catera would likely meet its target of 25,000 sales in 1997. Now if they would only bring back fins.

Galoob Toys

(GAL) - Get SPDR SSgA Global Allocation ETF Report

declined to comment on unusual stock activity. GAL dropped 4 13/16, or 19.9%, to 16 15/16.

The

Edmonton Oilers

are reportedly studying a bid rumored to be worth $70 million. Local investors are trying to forestall the team's departure from Canada.

Major League Baseball

owners broke up a meeting without deciding on a realignment of teams in the National and American Leagues.

Union Carbide

(UK)

said it saw Q3 results below most published reports. The Street sees UK earnings at $1.34.