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COMPROMISE ON TRADE BILL A STEP CLOSER
Helen Ericson |
The Senate Finance Committee took a major step toward a compromise with the White House by softening
CORRECTION CLARIFICATION
JOC Staff |
Marsh & McLennan Cos. reported first quarter revenue of $560 million, with insurance services contri
NASDAQ PLANS SINGAPORE LINK
Journal of Commerce Staff |
The National Association of Securities Dealers plans to link its electronic quotation system, NASDAQ
AIR CANADA TO DOUBLE CAPACITY
Mark Wilson |
State-owned Air Canada is to more than double capacity on feeder routes in western Canada, the heart
MARITIME BRIEFS
From Wire and Staff Reports |
Two-Alarm Fire Hits Brooklyn Navy YardA two-alarm fire ripped through a building in the Broo
Maritime
INSURERS HIT DEL. AUDIT STANDARDS
Journal of Commerce Staff |
Insurance companies are having a hard time swallowing a proposal subjecting their financial statemen
FLA. TAKES OVER HEALTH-CARE FIRM
Fort Lauderdale News & Sun-Sentinel |
The Florida Insurance Department, pressured by federal officials to protect delivery of $29.5 millio
LIABILITY WOES SLOW NY ASBESTOS REMOVAL
Journal of Commerce Special |
The reluctance of insurance companies to write coverage for asbestos removal work is preventing arch
JAPANESE SCOOP UP AUSTRALIAN REAL ESTATE
Vincent W. Stove |
Japanese capital is pouring into Australia real estate. Japanese investors, corporations, co
Maritime
WILLIAMS CANCELS SERVICE
Journal of Commerce Staff |
Williams Natural Gas Co., Tulsa, Okla., an interstate natural gas pipeline company, put gas shippers
SPOT PRODUCT PRICES
JOC Staff |
May 5, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon, f.
NERCO'S NET INCOME REPORTED NEARLY DOUBLE
Journal of Commerce Staff |
NERCO Inc. said first quarter net income rose to $15 million, or 45 cents a share, compared with $7.
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled to arrive in the United States. The Journal of Commerc
Maritime
AT&T STRENGTHENS CHINA'S TELECOM LINKS
Bruce Fienberg |
The job that brought American Telephone & Telegraph Co. to China may be finished, but it has no inte
Maritime
PRMSA BOWS OUT OF USL BID
Mark Magnier |
The Puerto Rico Maritime Shipping Authority has dropped its bid to buy United States Lines' Latin Am
NEW PRODUCTS MARKETPLACE WINDSHIELD WASHER SPRAYS HEATED FLUID
JOC Staff |
Washing windshields in summer and winter can be easy, according to a French company that is introduc
Maritime
NEW NS CHIEF NOT RUSHING INTO INVESTMENTS
Lawrence Kaufman |
In his first public appearance as president and chief executive of Norfolk Southern Corp., Arnold B.
ANALYSTS EXPECT DOLLAR BOTTOM TO BE DELAYED
Alan Zimmerman |
Most foreign exchange analysts believe the dollar won't bottom out until this summer or later, despi
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FRENCH MINT ISSUES FIRST PALLADIUM COIN
Journal of Commerce Staff |
The French Mint Tuesday introduced a series of gold, silver, platinum and palladium coins to commemo
GOLD EXPECTED TO TEST $500 LEVEL
Knight-Ridder Financial |
Gold is expected to test $500 an ounce in the next few weeks, but the price of silver is more diffic
FINANCIAL BRIEFS
From Wire and Staff Reports |
Comex Acts Again To Clear PaperworkIn a further step to clear up a backlog of paperwork caus
C-E UNIT ACQUIRES E.C. JORDAN
Journal of Commerce Staff |
Combustion Engineering Inc. announced that a subsidiary, C-E Environmental Systems & Services Inc. (
TRUCKING BRIEFS
From Wire and Staff Reports |
Thruway Collapse Has Cost NY $300,000ALBANY, N.Y. - The collapse of the New York State Thruw
OPEC SEEN ABLE TO BACK $18 PRICE
(Ap) |
The Organization of Petroleum Exporting Countries will be able to defend its $18 oil price if member
MINISTERS SET MAY 11 MEETING
Journal of Commerce Staff |
Energy Ministers from 21 non-Communist industrialized nations will meet May 11 here to discuss the i
UNOCAL HEAD SAYS COMPANY ON THE MEND
Bill Mongelluzzo |
Unocal Corp. is still grappling with a debt of $4.7 billion, but the company saw enough light at the
NIPSCO NET FELL SLIGHTLY IN QUARTER
JOC Staff |
Northern Indiana Public Service Co. reported first quarter net income of $23 million, or 22 cents a
IMPORT FAIRS
Wire and Staff Reports |
Franchise Expositions Set for Eight US CitiesThe International Franchise Association will ho
Maritime
BUSINESS URGES CONGRESS TO PASS PRODUCT LIABILITY BILL THIS YEAR
Leah R. Young |
Businessmen urged Congress to enact minimum federal product liability legislation this year because
USL OFFERS A PLAN TO HELP INJURED SEAMEN
Mark Magnier |
In June 1981, while lifting paint cans aboard the American Merchant, a United States Lines container
VENTURE LINKS SOUTHEAST WITH FINANCIAL MARKETS
Gordon Platt |
Companies in the Southeast have a new link to world financial markets. The London securities
EC MEMBERSHIP STIMULATES INVESTMENT IN SPAIN
Howard Schissel |
Spain's entry into the European Community last year has sparked a major foreign investment boom in t
ZAMBIAN ACCUSES IMF OF SEEKING TO DESTROY NATION'S ECONOMY
(Ap) |
President Kenneth Kaunda of Zambia Tuesday accused the International Monetary Fund of waging a smear
Maritime
RAIL BRIEFS
From Wire and Staff Reports |
Southern Pacific to Buy 60 Diesel LocomotivesSouthern Pacific Transportation Co. is buying 6
HAYES SEEKS REINSTATEMENT
Chris Dupin |
A dissident official of the International Organization of Masters, Mates, and Pilots who was removed
Maritime
ECUADOR OPENS LINE TO COLOMBIA
(Ap) |
Ecuador inaugurated an oil pipeline to the Colombian border that will permit extraction of petroleum
CHEVRON PUSHED TO LEAVE ANGOLA
(Ap) |
Accusing Chevron Corp. of profiteering from the agony of people seeking freedom," a California lawma
RECYCLING LAWS TOUGHEST IN NJ
Journal of Commerce Staff |
A bill signed on April 20 by Gov. Thomas Kean of New Jersey creates a mandatory statewide recycling
WORLD BANK STAFF MAY BE CUT 10 PERCENT IN REORGANIZATION
(Ap) |
The World Bank, the biggest source of aid to poor countries, will undergo a reorganization that may
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