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ARGONAUT PONDERS BID FROM CLARENDON
C.A. Carpenter |
Clarendon Group Ltd. described as a tough" call whether it might be willing to sweeten its bid even
PHILLIPS MOVES UP EKOFISK SHUTDOWN
Journal of Commerce Staff |
Phillips Petroleum Co.'s Norwegian unit said that the scheduled 28-day shutdown of the Ekofisk field
COURT BRIEF SAYS PENNZOIL VIOLATED SECURITIES LAW
(Ap) |
Pennzoil Co. violated federal securities law in its alleged contract to acquire Getty Oil Co., the
SPOT PRODUCT PRICES
JOC Staff |
July 23, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
THREE US OIL MAJORS BID FOR BLOCKS OFFSHORE INDIA
Neel Patri |
Three U.S. oil majors are among bidders on the final list for offshore exploration contracts India p
INDUSTRY SAYS CLEAN AIR RULES TOO COSTLY
(Ap) |
Big oil and big autos say two new clean air rules proposed by the Environmental Protection Agency wi
BAY STATE REPORTS LOSS OF $479,000
Journal of Commerce Staff |
Bay State Gas Co. posted a loss of $479,000 for the third quarter, ended June 30, compared with a lo
ASHLAND EARNINGS DOWN FOR QUARTER
Journal of Commerce Staff |
Ashland Oil Inc. reported earnings of $40 million or $1.32 a share for the quarter ended June 30, 19
ENERGY BRIEFS
Wire and Staff Reports |
American Petrofina's Net Soared in QuarterAmerican Petrofina Inc. announced that it earned $
ARCTIC LAND SWAP PUT ON HOLD
(Ap) |
The Interior Department has placed a hold on its plan to trade away oil rights in a portion of the A
TRADE LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
CARSON TO SUPPLY DIESEL TO RAIL LINE
Journal of Commerce Staff |
Carson Petroleum Co. has won a contract with Metra, the Chicago commuter rail service, to supply No.
HEAT WAVE PUTS GENERATORS OUT OF ACTION IN JAPAN
(Ap) |
Three electric generators in western Japan blew up from an overload, cutting power to millions of ho
EQUIPMENT IN SHORT SUPPLY
(Ap) |
Oil field equipment, a glut on the market not long ago, is now in short supply on the Gulf Coast, au
SOYBEAN SUPPLY ISSUE HEATS UP
Journal of Commerce Staff |
Swiss trader Panchaud et Cie. SA confirmed it has invoked the prohibition clause in contracts to sup
Maritime
COMMISSION SAYS NO NEW ISSUES IN GENERAL ELECTRIC REACTOR STUDY
(Ap) |
A re-evaluation of a 1975 General Electric Co. study reportedly critical of the company's nuclear re
NEW PRODUCTS MARKETPLACE DO-IT-YOURSELF KIT IS BATTERY-OPERATED
JOC Staff |
Edutech, a company in India, has manufactured a portable educational electronic do-it-yourself kit t
Maritime
SPECIAL INTEREST GROUPS BENEFIT FROM TRADE BILL
Ellen Warren |
It was Christmas in July. Santa came early for Florida strawberry growers, for Navajo rug weavers, k
Maritime
MITSUBISHI TO FIX CARS FAILING TEST
Journal of Commerce Staff |
Mitsubishi Motors Corp. is offering free repairs to owners of some 7,500 cars sold in California.
Maritime
AIDS SCARE BOOSTS DEMAND FOR MALAYSIAN RUBBER
(Ap) |
The world AIDS scare has boosted the global demand and the price for Malaysia's natural rubber, whic
Maritime
TAX CUTS HELP ARGENTINE CRUSHERS
Journal of Commerce Staff |
Argentina's oilseeds processing industry appears to be the biggest winnerfrom across-the-boa
Maritime
XEROX CORP. EARNINGS JUMP 14 PERCENT
Journal of Commerce Special |
Xerox Corp.'s second-quarter income from continuing operations rose 14 percent from the comparable 1
ON THE MOVE NH COMPANY PROMOTES VP TO PRESIDENT
-Staff Report |
C.H. Sprague & Son Co. promoted Edward E. Bulmer to president and chief executive of this large dist
TRADE DATA FORECAST IS MIXED
Richard Lawrence |
The U.S. merchandise trade deficit will improve this year and next but worsen again in 1989, two eco
JOHN BOYD'S ECONOMIC BEAT
John Boyd |
THERE HE WAS AGAIN this week: Paul Volcker, inflation fighter, financial crisis manager, economic wi
MERCEDES MAKER NAMES NEW CHIEF
JOC Staff |
Edzard Reuter has been appointed chairman of Daimler Benz, manufacturer of the famed Mercedes automo
DURABLE GOODS ORDERS CLIMBED 1.4 PERCENT IN JUNE
(Ap) |
Orders for "big ticket" durable goods, bolstered by a sharp rise in demand for military hardware, cl
FORD PROFITS JUMP 39 PERCENT WHILE GM'S DIP
(Ap) |
General Motors Corp. said its second quarter earnings fell by 3.9 percentfrom a year earlier
BUILDING CONTRACTS EXPECTED TO FALL
(Ap) |
Construction contracting across the nation likely will be valued at $236.1 billion in 1987, a drop o
INTERNATIONAL BRIEFS
Wire and Staff Reports |
Foreign Investment Increases in ChinaChina concluded 738 joint-venture contracts in the firs
Maritime
YUGOSLAVS PROTEST IRANIAN ACTION
(Ap) |
Yugoslavia issued a sharp protest against what it called Iran's holding and searching of Yugoslav sh
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
TEXACO'S WARNING HAS UNION IN TIFF
Janet Porter |
A row has broken out between Texaco and Numast, the union that represents 23,000 British merchant of
Maritime
IRANIANS PLANNING NAVAL MANEUVERS
(Ap) |
Iran's Revolutionary Guards will conduct naval maneuvers code-named ''Martyrdom" early next month to
Maritime
LABOR CHIEF HITS REFLAGGING
Robert F. Morison |
A top maritime labor leader said it would be better for the United States to lease idle U.S. tankers
Maritime
LINES ALLOWED TO EXTEND SERVICES
Journal of Commerce Staff |
The Maritime Administration agreed to permit both Lykes Bros. Steamship Co. Inc. and Farrell Lines I
Maritime
US NAVY REPOSSESSES SUBMARINE MUSEUM
(Ap) |
The U.S. Navy is repossessing a decommissioned World War II submarine that has been a tourist attrac
Maritime
TANKER OWNERS ANXIOUS TO SEE GULF WAR END
(Ap) |
Loucas Hajioannou, owner of one of the world's largest oil tanker fleets, says financially strapped
Maritime
DOLLAR SLIPS ON GNP RUMOR
Knight-Ridder Financial |
The U.S. dollar declined against most major currencies Thursday in moderate activity. Most t
MIDLAND BANK OF UK REPORTS LARGE LOSS
Janet Porter |
Midland Bank PLC reported a loss of 548 million (US$877 million) for the first half of 1987 followi
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