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SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FORD INTRODUCES NEW CARGO LINE
Michael S. Lelyveld |
Ford Motor Co. unveiled a new higher horsepower, higher capacity model in its popular mid-range Carg
SOUTHERN COMPANY SEEKS BIDS FOR MISS. UTILITY
Tim Sansbury |
Southern Company Services Inc. suddenly entered the spot market to buy up to a nine-month supply of
ENERGY BRIEFS
From Wire and Staff Reports |
Quarterly Profit Rises At Coastal's Coal UnitCoastal Corp.'s coal business had an operating
FINANCIAL GUARANTEES FOCUS OF NY HEARING
Journal of Commerce Staff |
Proposed legislation to regulate financial guarantee insurers in New York state will be discussed at
FORMER CHAIRMAN OF LLOYD'S FINED
Edwin Unsworth |
Sir Peter Green, former chairman of Lloyd's of London, has been publicly censured and fined by the i
HONG KONG RAILWAY POSTS RECORD PROFIT
P.T. Bangsberg |
Booming demand for freight to and from China contributed to a record profit for the year through las
FINANCIAL BRIEFS
From Wire and Staff Reports |
Overseas Share Issues Stir Debate in UKLONDON - Institutional investors want to reduce the a
SLUGGISH START SEEN FOR ALASKA CRUISE SEASON
Mark Wilson |
There will be a sluggish start to the 1987 Alaska cruise season. The first sailing of the ye
Maritime
KUWAITI PLAN FOR US FLAG STIRS CONCERN
Robert F. Morison |
The prospect of Kuwait-owned tankers coming under the U.S. flag for greater se curity in the dangero
SEAWAY LOCKS SEEN ADEQUATE FOR NOW
(Ap) |
The Eisenhower and Snell locks on the St. Lawrence Seaway meet the needs of shippers and their expan
Maritime
Y.S. LINE TO ENTER EAST COAST MEAT TRADE
Vincent W. Stove |
Another shipping line has been designated to carry Australian meat to the U.S. East Coast. J
Maritime
GULF RESOURCES SAYS INCOME UP
Journal of Commerce Staff |
Gulf Resources & Chemical Corp. reported net income for first quarter 1987 of $41.1 million, or $4.1
OUTLOOK BLACK FOR GERMAN COAL
Jess Lukomski |
West Germany's coal mining industry, whose sales declined 9 percent last year to some 79 million met
NYMEX BOARD APPROVES FILING
Knight-Ridder Financial |
The New York Mercantile Exchange's board of governors approved filing an unleaded gasoline options c
DAVE CAWTHORNE'S INSIDE TALK ON TRANSPORTATION
Dave Cawthorne |
THE INTERSTATE COMMERCE COMMISSION is holding its oral argument on whether to take another look at t
PANEL OKS SLIDING PREMIUMS FOR CATASTROPHIC INSURANCE
Leah R. Young |
To avoid union antagonism to taxing benefits to fund catastrophic health insurance, the House Ways a
NEW PRODUCTS MARKETPLACE
JOC Staff |
Video Loader Machine Automatic, Easy to UseA Hong Kong-based company has manufactured a vide
Maritime
TORT REFORM MEASURES SEEN HAVING ONLY LIMITED IMPACT
Paula L. Green |
The first of two insurance industry-sponsored studies on the impact of tort reform suggests that exi
TRAVELERS AUTO RATES RISING IN PA.
Journal of Commerce Staff |
The Pennsylvania Insurance Department approved an average 12.7 percent automobile insurance rate inc
INTERNATIONAL CALENDAR
JOC Staff |
Mergers and Acquisitions in Home Textiles: Who Wins? Panel of retailers and manufacturers debate the
Maritime
WEST COAST BRIEFS
Wire and Staff Reports |
Lumber Production, Shipments IncreasePORTLAND, Ore. - Lumber production and shipments increa
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
UK Imposes Licensing On Japanese ProductsBritain is leading other European Community countri
Maritime
ON THE MOVE CHERIAN GETS PRESIDENTIAL APPOINTMENT
Staff Report |
The American Council of Life Insurance is losing its highly respected director of international insu
SPAIN'S IBERIA LINE TO BOOST PASSENGER, CARGO CAPACITY IN '88
Howard Schissel |
Iberia, Spain's state-controlled airline, will boost its freight and passenger capacity on long-haul
CATHAY EXPANSION IN AUSTRALIA REBUFFED
P.T. Bangsberg |
Dominant local carrier Cathay Pacific Airways Ltd. has been denied a license to the north Australian
MARYLAND PURCHASES STAKE IN RAILROAD
Journal of Commerce Staff |
The state of Maryland is now in the railroad business. Gov. William Donald Schaefer announce
Maritime
AVIATION BRIEFS
From Wire and Staff Report |
American Files Plea On Data DisclosureAmerican Airlines asked the Department of Transportati
CHEVRON SELLS ITS STAKE IN DANSK
Journal of Commerce Staff |
Chevron Corp. said it finalized the sale of its 15 percent interest in the Dansk Undergrunds Consort
AMOCO WON'T RENEW PACTS
Sam Glasser |
Amoco Oil Co. is not renewing contracts for barge shipments of home heating oil in New York harbor,
NATIONWIDE, PA. SETTLE RATE DISPUTE
Journal of Commerce Staff |
Nationwide Insurance said it settled its dispute with the Pennsylvania Insurance Department and agre
RAIL BRIEFS
From Wire and Staff Reports |
Appeals Court Affirms Intermodal AcquisitionThe U.S. Court of Appeals for the District of Co
RICHMOND PORT WANTS COAST RANK
Journal of Commerce Staff |
Richmond is trying to move up in the ranks of Atlantic Coast ports. The task won't be easy;
Maritime
ARGENTINE PRIVATIZATION OF GRAIN UNITS BACKED
Jeremy Morgan |
Senior officials in the Argentine government have agreed state-owned grain- loading port facilities
Maritime
CALIF. BILL SEEKS COVERS ON TRUCKS
(Ap) |
All sand, gravel and other aggregate-carrying trucks on California's highways would have to be cover
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled to arrive in the United States. The Journal of Commerc
Maritime
HONG KONG URGED TO DEVELOP CHEMICAL PRODUCTION SECTOR
P.T. Bangsberg |
Booming demand for chemical products should spur efforts to create a local chem ical sector, the Hon
WEEK AHEAD
From Wire and Staff Reports |
Congressional Elections Slated in PhilippinesMANILA, Philippines - Congressional elections a
PEFCO HELPS TO PROMOTE US EXPORTS
William Armbruster |
With U.S. exporters struggling to compete in world markets, the last thing they need is a customer w
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