Phoenix-based Greyhound Corp. reported a 55% rise...
Phoenix-based Greyhound Corp. reported a 55% rise in profit for 1986 and a big jump in fourth-quarter earnings. Results for the year include gains on sale of Conagra shares ($89.5 million) and sale of Greyhound Capital Corp. ($79.7 million), less special provisions for Greyhound Lines’ terminal conversion program costs ($14.8 million), European shipping loan losses ($43.8 million) and an anticipated loss related to Pine Top Insurance Co.-Illinois ($8.1 million).
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