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TWO NAMED TO VP POSTS AT IBM
Journal of Commerce Staff |
International Business Machines Corp. elected Kaspar V. Cassani and Jack D. Kuehler executive vice p
REAGAN AIDES SHRUG OFF SHARP DROP IN MARKETS
From Wire and Staff Reports |
Top officials of the Reagan administration played down the adverse reaction of financial markets to
INTERMODAL OPERATORS SEEKING TO GAIN LARGER SHARE OF MARKET
Bill Mongelluzzo |
In the brave new world of intermodal transportation, there are still many shippers who prefer the tr
JIFFY LUBE TO OPEN FRENCH SERVICE CENTER
Journal of Commerce Staff |
European motorists will get their first U.S.-style quick lube service next week when Jiffy Lube Inte
HANSON SELLS CHEMICAL UNIT
Journal of Commerce Staff |
Hanson Industries, the U.S. arm of Hanson Trust PLC, announced the sale of PCR Inc., a specialty che
ENERGY BRIEFS
From Wire and Staff Reports |
NRC Orders Shutdown Of Peach Bottom PlantPhiladelphia Electric Co. was ordered by the U.S. N
W.R. GRACE EXPANDS WEST GERMAN PLANT
Journal of Commerce Staff |
W.R. Grace & Co. announced that its European Darex division has begun a $20 million project to doubl
LLOYD'S REPORTS SINKING OF TANKER
(Ap) |
The Panamanian-registered tanker Xylos was reported sinking Tuesday in the southern sector of the Pe
Maritime
DOLLAR STEADIES IN QUIET TRADING
Knight-Ridder Financial |
The U.S. dollar was steady in relatively quiet trading Tuesday, with smallgains against all
MONDAY 'REALISTIC' DAY FOR FERRY RIGHTING
(Ap) |
Salvors have taken a body from the hull of a British ferry that capsized March 6 as it left this por
Maritime
LINES IN ALASKA WARM TO HAWAII
Gloria Joseph |
Three major carriers operating in Alaska are looking to Hawaii for reliefbecause of dismal p
Maritime
BILL MONGELLUZZO'S INSIDE TALK FROM THE WEST COAST
Bill Mongelluzzo |
THE PORT OF LOS ANGELES in December became the first in the nation without taxing authority to recei
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
KUWAIT PETROLEUM TO BUY BP UNIT
Knight-Ridder Financial |
Kuwait Petroleum Corp. is to buy British Petroleum's Danish subsidiary BP Olie-Kom pagniet A/S effec
PENNZOIL EXPECTS SUBSTANTIAL DROP IN EARNINGS
Kirby V. Freeman |
Pennzoil Co. expects its first quarter earnings to be down considerably, compared with the same peri
UN PROPOSALS: GLOBAL RX FOR CHEMICAL SPILLS
Thomas Land |
When the Ariadne - a cargo vessel with its hold full of toxic chemicals - recently foundered at the
S. KOREANS CAUTIOUS ON CHIP SALES TO US
(Ap) |
South Korea does not plan to rush semiconductor exports to the United States to fill a possible mark
Maritime
INSPECTORS FIND CRACKS IN DC-10S
(Ap) |
Swissair inspectors have found cracks in the tail sections of three DC-10 long-range jetliners, incl
REAGAN LOSES IN HOUSE ON HIGHWAY FUND VETO
David M. Cawthorne |
The House of Representatives easily mustered the two-thirds vote necessary to override President Rea
MACK TRUCKS SETS CONTRACT DEADLINE
(Ap) |
Mack Trucks Inc. announced plans to relocate jobs from its world headquarters in Allentown unless an
RISK MANAGERS URGED TO FOCUS ON QUALITY
Journal of Commerce Staff |
Risk management is no longer a job for amateurs, the incoming president of the Risk and Insurance Ma
CUSTOMS' NEW TAX ON CARGO WILL HELP FINANCE DREDGING
Tim Neale |
Shippers face an additional tax starting today. The U.S. Customs Service Monday published in
Maritime
AVONDALE WORKERS APPROVE SEPARATION
Marie Prat |
Avondale Industries Inc. has completed its corporate divorce with approval of workers in 10 states f
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Lykes' New Service Includes Norfolk CallsLykes Bros. Steamship Co. will call at Norfolk with
Maritime
MARINE POWER TUGS, BARGES TO BE SEIZED
Gloria Joseph |
Tugs and barges belonging to Marine Power & Equipment Co. of Seattle will soon be seized by a federa
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FOREIGNERS HIKE SHARE OF US FARMS
Knight-Ridder Financial |
Foreign-owned U.S. agricultural land increased by 369,000 acres at the end of last year from the end
SEATRAIN PLAN GETS APPROVAL FROM COURT
Mark Magnier |
Seatrain Lines Inc. said its latest reorganization plan was confirmed by the U.S. Bankruptcy Court,
SIX EC COUNTRIES OPPOSE OILS, FATS TAX
Knight-Ridder Financial |
Six EC countries expressed varying degrees of opposition to the EuropeanCommission's proposa
HIGH YEN TAKES TOLL ON AMERICANS IN JAPAN
(Ap) |
The soaring value of the Japanese yen is driving American businessmen in Tokyo to distraction and ma
Maritime
UK LOOKS FOR STEADY RISE IN TRADE WITH SOVIET UNION
Albert Axebank |
British Prime Minister Margaret Thatcher said she expects steady growth in Soviet-British trade over
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japanese Diet Passes Provisional BudgetJapan's Diet completed approval Tuesday of an 8.8 tri
Maritime
VIRGIN ISLANDS MEANS BUSINESS
Mark Magnier |
The newly elected government in the U.S. Virgin Islands is making strong overtures to business in an
Maritime
BELLSOUTH WINS JOB IN GUATEMALA
Journal of Commerce Staff |
BellSouth International, a Atlanta-based telecommunications company, said it entered into an agreeme
NIGERIA TARGETS COAL DEVELOPMENT DESPITE LACK OF INVESTMENT FUNDS
Howard Schissel |
Nigeria, Africa's leading oil producer, is striving to develop its long- neglected coal industry, bu
INSURANCE CALENDAR
JOC Staff |
Latest Developments in ArbitraTion and Litigation on Insurance and Reinsurance, a conference, will
INSURANCE BRIEFS
From Wire and Staff Reports |
Inadequate Coverage Big Source of ClaimsTALLAHASSEE, Fla. - Leaving clients with inadequate
COST OF CREDIT
JOC Staff |
Tuesday, March 31, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
LIMITS PROPOSAL DUE IN SUMMER
Knight-Ridder Financial |
The Commodity Futures Trading Commission should have a new set of proposals for speculative limits f
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