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DOLLAR ADVANCES SLIGHTLY IN SLOW TRADING ACTIVITY
Knight-Ridder Financial |
The U.S. dollar traded higher at mid-day, posting a small rise from morning levels, but interest con
NIAGARA MOHAWK TO CUT NEARLY 400 UNION JOBS
(Ap) |
Union leaders at Niagara Mohawk Power Corp. reacted with a mixture of gloom and defiance to announce
COST OF CREDIT
JOC Staff |
Wed., July 29, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
CONGRESS WAITING FOR WORD FROM PRESIDENT ON BANKING BILL
Knight-Ridder Financial |
The House and Senate Banking Committee chairmen are awaiting the final wordfrom President Re
PLASTICS CORNER
Journal of Commerce Staff |
Borden Will Sell Stock In Petrochemical UnitNEW YORK Borden Inc. said it has approved a p
QUOTE TO NOTE ON PERSIAN GULF ESCORTS:
JOC Staff |
Who is escorting whom in the Persian Gulf? - Robert Byrd, Senate majority leader Saying that
Maritime
OCCIDENTAL UNIT TO PURCHASE DU PONT PLANT
Journal of Commerce Staff |
Occidental Petroleum Corp. and E.I. du Pont de Nemours & Co. announced that they have signed a lette
BAD WEATHER DELAYS LOADING OF BRIDGETON
(Ap) |
High winds and 9-foot waves delayed efforts to load the supertanker Bridgeton with oil, and it dropp
Maritime
INTERTANKO SEEKS MULTINATIONAL FORCE IN GULF
(Ap) |
The International Association of Independent Tanker Owners called on major world powers to form a mu
Maritime
MERCK MOVE POINTS TO INDUSTRY CASH FLOW
Charles Thurston |
Merck & Co. plans to purchase up to $1 billion of the company's stock is indicative of the pharmaceu
W. GERMANY WON'T SEND SHIPS TO GULF
(Ap) |
The Bonn government said Wednesday it would refuse to send West German ships into the Persian Gulf,
Maritime
COMMERCE PLUGS PLAN FOR S. KOREAN CONTRACT
Journal of Commerce Staff |
Diamond Alaska Coal Co.'s effort to win a coal supply contract from South Korea's national utility c
YUGOSLAVIA PORT WORKERS END WALKOUT
(Ap) |
Some 5,300 employees at Yugoslavia's largest port of Rijeka went back to work Tuesday after a five-d
Maritime
HERCULES' UNIT CONSOLIDATES
Journal of Commerce Staff |
Hercules Inc. announced that its Brazilian subsidiary, Hercules do Brasil, has begun an $11 million
M.A. HANNA OFFER TO EXPIRE AUG. 10
Journal of Commerce Staff |
M.A. Hanna Co., which recently announced a tender offer to acquire all outstanding stock of Day Inte
FEDERAL JUDGE SENDS SUIT AGAINST EXXON BACK TO STATE COURT
(Ap) |
A federal judge has dismissed a suit filed by a dissident ranch heir against Exxon Corp. and the Kin
ENERGY BRIEFS
Wire and Staff Reports |
Sun Energy Reports Slight Dip in EarningsRADNOR, Pa. - Sun Energy Partners L.P. reported ear
EXXON INCREASES CASH DIVIDEND
Journal of Commerce Staff |
Exxon Corp. declared a cash dividend of $1 a share on capital stock, payable on Sept. 10 to sharehol
JAPANESE OFFICIAL DENIES RESTRICTIONS
Knight-Ridder Financial |
An official of Japan's Ministry of International Trade and Industry denied press reports that it has
BP AMERICA INC. MERGES ACTIVITIES
Journal of Commerce Staff |
BP America Inc. has combined financial trading activities for the former BP North America Inc. and T
AMELIA LOBBIES AGAINST US POLICIES, FOR JAIL
Dave Higdon |
The charge before the prosecutor was simple enough: trespassing, for participation in a mass demonst
KEY PETROLEUM PRODUCTS FOLLOW SEASONAL PATHS
Journal of Commerce Staff |
Supplies of key petroleum products are following normal seasonal patterns with gasoline stocks decli
US FIRMS GAIN TAIWAN APPROVAL FOR DIRECT TRADE
JAMES McGREGOR |
Units of Bristol-Meyers Co. and Tenneco Inc. are the first two companies to win approval to open for
EARNINGS GERMAN REINSURER EXPECTS UNCHANGED PROFIT IN '86-87
Erich E. Toll |
Munich Re AG, the world's largest reinsurance company, reported that it expects a parent company pro
US-BRAZIL TRADE CONFERENCE EXPOSES RANGE OF PROBLEMS
James Bruce |
Brazil is miscast as a villain in U.S. trade debates, but it will still make heroic efforts to resol
BANK TAKEOVER MOVE ROCKS PERU BUSINESS
Barbara Durr |
President Alan Garcia's decision to nationalize the financial system and close down private foreign
SUGAR INDUSTRY PUSHES FOR END TO SUBSIDIES
Richard Lawrence |
Domestic sugar and sweetener producers said they will push for free world trade in sugar. As
HOUSE DEFEATS BILL HITTING NUCLEAR UNITS
Journal of Commerce Staff |
The House Wednesday turned back attempts to remove limits on liability for the nuclear utility indus
NEWS SUMMARY
JOC Staff |
AVIATION Air freight imports to Taiwan increased almost 50 percent in the first six months o
CSX PLANS CENTRAL DISPATCH FACILITY
Kevin D. Thompson |
CSX Transportation claims it will become the first major railroad to dispatch all its trains from on
ON THE MOVE KRINSKY GETS KINGS POINT APPOINTMENT
Staff Report |
Rear Adm. Paul L. Krinsky is the new superintendent of the U.S. Merchant Marine Academy at Kings Poi
COMPROMISE ON BANKING BILL SEEN POSSIBLE
Leah R. Young |
The House Rules Committee could be asked as early as today to clear the way for the conference repor
REPORT ON DEBT DIVIDES BRAZIL
James Bruce |
Brazilian President Jose Sarney's announcement that Brazil may resume international debt payments in
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled to arrive in the United States. The Journal of Commerc
Maritime
FISH EXPORTS COULD JUMP, REPORT SAYS
(Ap) |
A report by the Agriculture Department's Foreign Agricultural Service says a growing world demand fo
Maritime
SPOT PRODUCT PRICES
JOC Staff |
July 29, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
RAIL OFFICIAL SEES BETTER COAL OUTLOOK
Journal of Commerce Staff |
The outlook for coal use, especially in the Northeastern United States, will be "much better" in the
SIX CHERNOBYL OFFICIALS FOUND GUILTY OF NEGLIGENCE
(Ap) |
Six former top officials and technicians at the Chernobyl power plant were found guilty of gross neg
DIAMOND ALASKA INVITES S. KOREA TO JOIN VENTURE
Tim Sansbury |
Diamond Alaska Coal Co. is offering a package deal to South Korea's national utility company in a bi
GLOBAL ROLE URGED FOR FARM TALKS
JOC Staff |
A top U.S. spokesman on farm trade says President Reagan's administration wants Japanese consumers t
Maritime
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