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EUROPEAN PRICES RALLY IN HEAVY TRADING
Journal of Commerce Staff |
Oil prices surged by 75 cents a barrel in heavy European trading Wednesday, as the market detected a
ENERGY BRIEFS
From Wire and Staff Reports |
French Buy Saudi Oil At Official OPEC PriceFrench oil companies Elf Aquitaine and Total CFP
CHEMICAL MARKETS
Journal of Commerce Staff |
Akzo Chemie to Hike Trigonox A-W70 PriceAkzo Chemie America, Noury Chemicals announced it is
DAMAGE SUIT DOESN'T WORRY LILCO
(Ap) |
The Long Island Lighting Co. is not worried by a suit Suffolk County filed seeking $8.7 billion in d
BALDRIGE RIPS JAPAN'S INACTION ON US PURCHASES
Richard Lawrence |
Commerce Secretary Malcolm Baldrige deplored Japan's apparent reluctance to buy U.S. supercomputers,
US CARGO CARRIERS SHOW STRONG GROWTH
Lawrence Kaufman |
Air cargo statistics for November show strong growth in domestic tonnage with a 26.1 percent increas
CLASS-ACTION SUIT FILED AGAINST AUDI
Journal of Commerce Staff |
A class-action lawsuit (87-ch-02033) was filed in the Circuit Court of Cook County, Chancery Divisio
Maritime
ROTTERDAM DOCK TALKS AT IMPASSE GOVERNMENT EXPECTED TO CURTAIL SUBSIDIES TO SURPLUS DOCKERS
Simon Cameron Moore |
The Dutch government is expected to carry out its threat to stop subsidies of surplus dockers after
Maritime
SEARCH ENDS FOR HANJIN SHIP
Gloria Joseph |
The search for the Hanjin Incheon is officially called off, but shippers remain puzzled about how a
Maritime
FLA. EXCHANGE MORATORIUM MAY REMAIN UNTIL SUMMER
Craig Dunlap |
Syndicates in the troubled Insurance Exchange of the Americas in Miami might not resume underwriting
LONG-TERM CARE OPTIONS AIRED
Leah R. Young |
A potent lobbying effort on behalf of the elderly, led by Rep. Claude Pepper, D-Fla., is pushing the
NO ONE AT HELM OF PANEL BENTSEN RESIGNATION LEAVES SENATE UNIT WITHOUT A CHAIRMAN
Robert F. Morison |
The Senate Merchant Marine Subcommittee remains without a chairman. Sen. John Breaux, D-La.,
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
Japan Awards Victims Of US Military CrashThe Yokohama District Court ordered the Japanese go
FLORIO HITS NEW JERSEY ON ASBESTOS CHECKS
(Ap) |
A New Jersey congressman has called for the Legislature to investigate why the state doesn't use a m
JAPANESE FOCUS ON OWN MARKETS
Knight-Ridder Financial |
A large percentage of Japanese investment capital has moved into the domestic stock and bond markets
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
KUWAIT EXPANDS UK PRESENCE
Bruce Barnard |
Kuwait has moved deeper into the British downstream oil market by acquiring 500 gasoline stations fr
ON THE MOVE PARKER NAMED PRESIDENT OF IOA RE
Staff Report |
IOA Re appointed John W. Parker Jr. president, a new position at this reinsurance underwriting manag
BATTLE FOR SAN MIGUEL ENTERS NEW PHASE
Richard Gourlay |
The battle for control of San Miguel Corp., the largestindustrial corporation in the Philippines, en
Maritime
US, JAPAN SET TRADE TALKS
Knight-Ridder Financial |
Japan and the United States will start trade talks in Geneva shortly on a U.S. request to lift Japan
Maritime
TRAFFIC BRIEFS
From Wire and Staff Reports |
Itel Agrees to Purchase Flexi-Van Fleet, AssetsItel Corp. has entered into a formal agreemen
US AND EUROPE WELCOME ATR-42S
Howard Schissel |
The Franco-Italian 42-50 seat twin-turboprop commuter airliner, the ATR-42, is making a major impact
CONRAIL ENGINEER HOSPITALIZED
(Ap) |
The Conrail engineer whose locomotive caused the fatal Amtrak crash Jan. 4 has been admitted to a ps
CUSTOMS AGENTS TAKE THE BITE OUT OF SMUGGLING RARE ANIMALS
Seth Rosenfeld |
The airmail package from Australia was labeled camera lens" - but when a U.S. Customs inspector open
Maritime
EC TO LIMIT DAIRY PURCHASES
(Ap) |
European Community farm ministers Wednesday agreed to allow the ECCommission, under certain
Maritime
USDA SEES CORN EXPORT TURNAROUND
Knight-Ridder Financial |
Although the Agriculture Department has kept its 1986-87 U.S. (September- August ) corn export forec
DOLLAR NEARS TOP OF ITS RANGE
Knight-Ridder Financial |
The U.S. dollar moved toward the high end of its recent trading range Wednesday in light activity.
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
BRAZILIAN CRISIS UNLIKELY TO SPUR DOMINO EFFECT
Janet Porter |
There is little concern among Britain's banks that Brazil's deterioratingfinancial position
SOVIETS MAY INCREASE FOREIGN BORROWING
Journal of Commerce Staff |
The Soviet Union is likely to step up its borrowings in the international capital markets over the n
FINANCIAL BRIEFS
From Wire and Staff Reports |
Midwest Exchange To Trade OTC StocksCHICAGO - The Midwest Stock Exchange will become the fir
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
OIL INVENTORIES FALL, GASOLINE HOLDS STEADY
Journal of Commerce Staff |
Supplies of distillate oil declined, while gasoline inventories were unchanged, according to the Ame
N. KOREA HITS SOUTH'S DAM PROJECT
(Ap) |
North Korea denounced South Korea's project to construct a massive dam near the demilitarized zone,
DEBTOR COUNTRIES REPORTED IMPROVING
Richard Lawrence |
A Treasury Department official cited considerable progress toward improving the economic prospects o
WORLD TODAY
From Wire and Staff Reports |
New US-EC Rifts? WASHINGTON - More potential trade policy disputes threaten U.S.-European Co
BUSINESS FAILURES ROSE IN JANUARY
Journal of Commerce Staff |
U.S. business failures in January increased 0.5 percent to 5,614 from 5,586 a year ago, according to
WEST COAST BRIEFS
From Wire and Staff Reports |
Court Rules Against Northrop in Saudi CaseA company controlled by arms dealer Adnan Khashogg
Maritime
HOUSE HEARINGS LIKELY ON PRODUCT LIABILITY
Leah R. Young |
The chairman of the House Commerce Committee has agreed to plunge ahead this spring with hearings on
VENEZUELAN BANKS GET NOD FOR DEBT-EQUITY SWAPS
(Ap) |
Venezuela and its major commercial bank creditors have agreed to allow the conversion into shares of
Maritime
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