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HUNGARIAN STATE BANK SUES TO DISSOLVE STATE COMPANY
(Ap) |
A state bank has started bankruptcy proceedings against a state enterprise, in the first such proced
STOCKS FALL ON PROGRAM SELLING
Gordon Platt |
Stock prices declined Wednesday due to futures-linked arbitrage selling. Analysts said parti
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COGNAC MAKERS' SPIRITS IMPROVE WITH US PACT
Howard Schissel |
Merchants and producers in this quiet town in southwestern France are breathing easier now that the
Maritime
JAPANESE TO OPEN THEIR DOORS TO BROKERAGES OF US BANKS
A.E. Cullison |
Japan will permit major U.S. banking institutions to open branch offices in Japan for their brokerag
PRESSURE ON CONSUMER PRICES SEEN
Knight-Ridder Financial |
Rising energy and import costs may boost the U.S. Consumer Price Index to 3.9 percent this year but
ENERGY BRIEFS
From Wire and Staff Reports |
Hughes Board OKs Baker Merger TermsHughes Tool Co.'s board decided to approve the terms of a
ANTI-APARTHEID GROUP AIMS AT FRANCE'S TOTAL
Howard Schissel |
The drive for French disinvestment from South Africa will move into high gear on March 21 with meeti
GRACE POSTS $559 MILLION LOSS, PLANS TO ABANDON FERTILIZERS
Journal of Commerce Staff |
W.R. Grace & Co. announced a 1986 fourth quarter loss of $559.9 million andplans to divest i
OCEANGOING FOREST CARGO LIKELY TO RISE
Janet Porter |
Seaborne trade in forest products is one of the few sectors of the dry bulk shipping market that see
Maritime
APPROVAL EXPECTED OF BAHIA BLANCA UNIT
Knight-Ridder Financial |
Argentine President Raul Alfonsin is expected to approve a proposal by a large private farm cooperat
Maritime
FRENCH UNIT TO TRANSFER BOX TRAFFIC TO MAERSK
Howard Schissel |
Chargeurs Reunis, a wholly owned affiliate of the French Chargeurs SA group, is to transfer its con
FAA SAYS AIRLINES CAN HELP WITH DELAYS
Tim Neale |
Donald Engen, administrator of the Federal Aviation Administration, sees prog ress in the agency's e
PASSENGER TRAFFIC DOWN 6 PERCENT AT KENNEDY
(Ap) |
Passenger traffic dropped nearly 6 percent at Kennedy International Airport in 1986 in part because
US TO SLAP DUTIES ON FLOWERS
(Ap) |
The United States will soon impose new import duties on carnations and chrysanthemums from six count
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWS The Senate Finance Committee voted more funds for the U.S. Customs Service whil
JAPANESE CITE NEED TO STIMULATE ECONOMY
A.E. Cullison |
The Ministry of International Trade and Industry has called for drastic measures to stimulate the ec
Maritime
AUSTRALIA SEEKS CUTS IN US FARM SUBSIDIES
John Davies |
Unless the United States eases away from farm subsidies that are producing massive surpluses, a disa
Maritime
LIQUIDATION PLAN FOR AMBASSADOR APPROVED IN VT.
C.A. Carpenter |
A Vermont court has approved a liquidation plan for Ambassador Insurance Co. and set in motion the f
EC PARLIAMENT URGED TO SEEK EARLY ELECTIONS
(Ap) |
Jacques Delors, president of the Executive Commission of the European Community, urged the European
Maritime
SMALLER FRENCH BANKS TO BE SOLD
Howard Schissel |
After the successful denationalization of Compagnie Financiere de Paris et des Pays-Bas, or Paribas,
COST OF CREDIT
JOC Staff |
Weds., March 11, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
BANK OF CHINA TO ISSUE VISA CARD
P.T. Bangsberg |
One of China's principal state-owned banks will become a full issuing member of Visa International t
PA. FUEL OIL PRICES DECLINE
Journal of Commerce Staff |
Home heating oil prices in Pennsylvania have fallen by an average of 2 cents a gallon since early Fe
NYPA CHAIRMAN URGES INDUSTRY RESTRUCTURING
Journal of Commerce Special |
The chairman of the New York Power Authority called for a restructuring of the nation's electric ind
NORWEGIAN SEES US CRUISE WAR
Bob Wesenberg |
Cruise ship capacity has outstripped customer demand on the lucrative U.S. market over the past seve
Maritime
CHINA WELCOMES LAWSUIT DISMISSAL
(Ap) |
China's foreign ministry said Wednesday it welcomed a ruling by the U.S. Su preme court ending a US$
AVIATION BRIEFS
From Wire and Staff Reports |
Implementation Urged For Tenn. Equity FundFREDERICK, Md. - Aircraft Owners and Pilots Associ
HASBRO MOVING TO HIGH-TECH TOYS
(Ap) |
Hasbro Inc., the world's largest toymaker, formed a new subsidiary in California's Silicon Valley to
Maritime
ALA. DOCKS, RAIL LABOR REACH ACCORD
Journal of Commerce Staff |
The Alabama State Docks' Terminal Railway has won union work-rule concessions that will produce $200
Maritime
ON THE MOVE PORT GROUP INTERVIEWS CANDIDATES
JOC Staff |
The South Louisiana Port Commission, which ousted its director in December, is interviewing six cand
MULTINATIONALS WEIGH BRAZIL'S DEBT MOVE
(Ap) |
Multinational companies fear that Brazil's decision to suspend interest payments on its foreign debt
Maritime
SHOREHAM HEARINGS BEGIN
(Ap) |
The Long Island Lighting Co. disagrees with assertions that it cannot protect people in the event of
DUNKIRK MOVES TO REDUCE COSTS
Howard Schissel |
In a move to diminish costs and increase competitiveness against the ports of Antwerp and Rotterdam,
Maritime
SENATORS WARN FMC ON SERVICE CONTRACTS
Robert F. Morison |
The Federal Maritime Commission received some high-level, last-minute advice on how to deal with a r
Maritime
TRAFFIC BRIEFS
From Wire and Staff Reports |
Pullout From ATA Traced to a DisputeA dispute over trucking industry deregulation is the mai
TRANSPORT CALENDAR
JOC Staff |
Logistics and the Corporate Strategy seminar, March 17, Bentley College, Waltham, Mass. Contact Nanc
CORN SYRUP TRADING SET FOR APRIL 6 IN MINNEAPOLIS
(Ap) |
The Minneapolis Grain Exchange plans to inaugurate trading in high-fructose corn syrup on April 6.
MARITIME BRIEFS
From Wire and Staff Reports |
Taiwanese Squid Boat Sinks After CollisionDUNEDIN, New Zealand - A Taiwanese squid boat sank
ALABAMA DOCKS BONDS PLACED ON CREDITWATCH
Journal of Commerce Staff |
Alabama State Docks Department's "BBB+" rated coal revenue refunding bonds, series 1985, were placed
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