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MEXICO SHUNS BUYERS TO PROP UP OIL PRICES
WILLIAM A. ORME Jr. |
Mexico has been spurning potential oil sales in conjunction with the Organization of Petroleum Expor
GROUP BACKS PLAN TO REOPEN REFINERY
Journal of Commerce Staff |
The Houston businessman who wants to reopen the former Exxon Corp. refinery on Aruba received Wednes
GASOLINE, FUEL OIL STOCKS STILL SHOWING DECLINE
Journal of Commerce Staff |
Gasoline and distillate oil inventories continued to decline, according to the American Petroleum In
THOUGHTS OF A USER-FRIENDLY WINE SNOB
Leo Ryan |
How do you react if a chap at an adjoining table in a restaurant starts commenting on a glass of win
ALLIANCE NAMES NEW CHAIRMAN
Journal of Commerce Staff |
Clifford H. Whitcomb was elected chairman of the Alliance of American Insurers for the 1987-88 term.
SAUDI ARABIA OPENS STOCK TRADING FLOOR
(Ap) |
Saudi Arabia this week began operating a stock trading floor, described by financiers as a landmark
HONG KONG'S BANKS REBOUND
P.T. Bangsberg |
The local banking sector appears to have recovered from a two-year battle against sluggish growth an
NEW RULES TO AID HEAVY TRUCK SALES?
Michael S. Lelyveld |
The effects of recent regulatory changes may help to brighten the long-term outlook for sales of hea
ENERGY BRIEFS
Wire and Staff Reports |
Diablo Canyon Unit 1 Expected at Full PowerSAN LUIS OBISPO, Calif. - The Unit 1 reactor at D
INCOME INCREASES AT CIRCLE EXPRESS
JOC Staff |
Circle Express Inc. of Indianapolis reported net income of $837,000, or 18 cents a share, on revenue
ON THE MOVE UTILITY MOVES TOP OFFICIALS UP A NOTCH
Staff Report |
Puget Sound Power & Light Co. promoted several executives. The utility elected John W. Ellis chairma
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled to arrive in the United States. The Journal of Commerc
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Crown Zellerbach Sets Move Across the BayOne of the city's oldest companies, Crown Zellerbac
Maritime
CHINA PLANS LOW-INTEREST MORTGAGES
(Ap) |
Reforms to allow the first low-interest mortgages in China to encourage people to buy their own home
Maritime
MANAGING BENEFITS & HEALTH CARE METLIFE ENTERS NY-NJ ARENA
From Wire and Staff Reports |
MetLife HealthCare Network, part of the Metropolitan Life Insurance Co., has taken the first step in
NY UNIT QUERIES TUNNEL'S SAFETY
(Ap) |
The Urban Mass Transportation Administration raised questions about the safety of the ventilation sy
FMC REFERS TARIFF ISSUE TO CONGRESS
Robert F. Morison |
The Federal Maritime Commission gave up a two-year effort to clarify tariff- filing issues involving
Maritime
FRENCH COMPANY TO CLOSE MINES
Howard Schissel |
France's state-controlled coal company, Charbonnages de France, is accelerating a plan to close down
EARNINGS FALL FLAT FOR NOVO
Journal of Commerce Staff |
Novo Industri A/S, based in Bagsvaerd, Denmark, reported flat first quarter net income of 122 millio
BOEING: LOAN TO UAL CEMENTED JET DEAL
Gloria Joseph |
Boeing officials say the only way it could sell 36 jetliners for $2.1 billion to its largest custome
MEXICANS CHALLENGE CONTROL OF PORTS
WILLIAM A. ORME Jr. |
Business groups are being rebuffed in their quest for private managementof Mexico's ports, but the d
Maritime
EARLY MAY SALES OF US CARS FELL 28.5 PERCENT FROM '86
(Ap) |
Early May sales of domestic cars fell 28.5 percent from the same period a year ago, while combined s
WHY US BANKING LAWS ARE IN NEED OF REFORM
William Armbruster |
U.S. financial institutions will have a hard time competing in the global capital market unless this
JAPANESE SALES TAX PLAN SCRAPPED
(Ap) |
A sales tax plan blamed for local election setbacks to Prime Minister Yasuhiro Nakasone's ruling par
Maritime
PETROLEUM HEAT REPORTS HIGHER NET
Journal of Commerce Staff |
Petroleum Heat and Power Co. reported first quarter net income increased to $11.0 million, or 74 cen
INSURER, BUSINESS LEADERS DEBATE DEPTH OF CRISIS
Leah R. Young |
The litigation explosion in certain trendy fields has affected the availability of insurance in thos
US WARNS JAPANESE ON AIRPORT COMMITMENT
A.E. Cullison |
The Reagan administration hopes Japan intends to honor its promises to provide "fair, open and trans
Maritime
EXPORT BRIEFS
From Wire and Staff Reports |
GTECH Signs Pact For Lottery TerminalsPROVIDENCE, R.I. - GTECH Corp. said it signed an agree
Maritime
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
COST OF CREDIT
JOC Staff |
Wed., May 13, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
DOT TO DELAY MERGER DECISION
Journal of Commerce Staff |
The Transportation Dept. is not expected to decide until December whether to approve the $1.65 billi
EPA REMINDS CHEMICAL FIRMS OF NOTIFICATION REQUIREMENTS
Journal of Commerce Staff |
The U.S. Environmental Protection Agency is reminding chemical companies handling certain extremely
DELTA DISAGREES WITH EASTERN PROPOSAL
(Ap) |
Delta Air Lines said Tuesday it disagreed with Eastern Airlines' proposal to reduce sharply the volu
11 TALL SHIPS SAIL FOR AUSTRALIA
(Ap) |
Queen Elizabeth II bid bon voyage Wednesday to a fleet of replica tall ships re-enacting the epic, 1
Maritime
TRUCKING BRIEFS
From Wire and Staff Reports |
Leaseway Shareholders To Vote on MergerLeaseway Transportation Corp. shareholders will vote
Trucking News
CRANKSHAFT IMPORTS UNDER INVESTIGATION
Journal of Commerce Staff |
Forged steel crankshafts from West Germany, Japan and the United Kingdom are being dumped in the Uni
Maritime
S. AFRICAN CHEMICAL SECTOR SURVIVES US WITHDRAWALS
Tony Koenderman |
South Africa's chemical industry, the economy's largest manufacturing sector, so far has been relati
WORLD TODAY
Wire and Staff Reports |
More Charges Due On Insider ScandalMore people will be charged this summer as part of the fe
NEW TEXTILE ACCORD WITH CHINA ELUSIVE BEIJING TO UPDATE VISA SYSTEM
Rose A. Horowitz |
Little progress was made during last week's talks in Canton on a new textile agreement with China, s
MATSON WANTS UNSUBSIDIZED LINE AS COMPETITOR
John Davies |
The chairman of Matson Navigation Co. says he believes there'll be only one winner in the fight betw
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