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NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe head of the Congressional Budget Office said cutting budget deficits enough
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
Ore. Officials Propose Accident Fund ReformSALEM, Ore. - Two Oregon lawmakers are proposing
NY AGENTS URGE REPEAL OF FRAUD MEASURE
Paula L. Green |
A state regulation designed to reduce insurance fraud isn't working and should be repealed to reduce
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
AMERICAN HOECHST EXTENDS OFFER
Journal of Commerce Staff |
American Hoechst Corp. extended the expiration date of its tender offer to 5 p.m., New York time, on
LINE SELLS CAR CARRIERS TO PARTNERSHIPS
Journal of Commerce Special |
Norwegian-America Line has sold its two car carriers to two limited partnership (K/S) companies. Nos
Maritime
HONG KONG'S CATHAY SELLING 12.5 PERCENT STAKE
P.T. Bangsberg |
Mainland Chinese interests will acquire 12.5 percent of Cathay Pacific Airways Ltd. in a HK$2 billio
BA SHARES PRICED TO FAVOR GOOD RESPONSE
Journal of Commerce Staff |
The government priced shares in British Airways PLC at 125 pence (US$1.90) each, a figure at the low
MEXICO RENEWS OIL SUPPLY PACT WITH JAPAN
(Ap) |
Mexico signed a fresh contract to supply 180,000 barrels of crude oil a day to Japan, the government
FOCUS ON IMPORTS US AUTOMAKERS SHRUG OFF LOSS OF BRAZIL BREAK
James Bruce |
U.S. automakers who import parts from Brazil are shrugging off the loss of Generalized System of Pre
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Navy Housing to Move Through Houston PortHouston has been designated the load port on a year
Maritime
THREE MORE NUCLEAR SUBS SET FOR DECOMMISSIONING
(Ap) |
Three more nuclear submarines will be decommissioned at the Puget Sound Naval Shipyard in 1987 and 1
Maritime
PANAMA CANAL POSTS RECORD REVENUE PERIOD
Journal of Commerce Staff |
Despite a mammoth October earth slide, the Panama Canal had its best revenue quarter ever in the clo
Maritime
US ASKS JAPAN TO OPEN ITS SUPERCOMPUTER MARKET
A.E. Cullison |
Visiting U.S. negotiators pressed Japanese officials Tuesday to stop discriminating against foreign-
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Reagan Names Kingon Representative to ECAlbert H. Kingon, secretary of the White House Cabin
Maritime
NORFOLK SOUTHERN TARGETS PIEDMONT?
Lawrence H. Kaufman |
Norfolk Southern Corp., flush with cash from its failed bid to acquire Conrail and coming off record
RETIREES' HEALTH COSTS PRESSURE COMPANIES
Journal of Commerce Staff |
Major U.S. companies are searching for ways to cut the soaring cost of health benefits for fast-risi
HIGH-TECH FIRMS ADJUST SOURCING STRATEGY
Michael S. Lelyveld |
Some computer companies ship to Europe by land, sea and air, but they won't go near the water.
BORDEN'S NET INCOME RISES TO RECORD LEVEL
Journal of Commerce Staff |
Borden Inc. reported record earnings for the fourth quarter and full year of 1986. Net incom
COST OF CREDIT
JOC Staff |
Tues., Jan. 27, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U
JAPAN GIVEN WARNING ON SEA LANE CONTROL
JOC Staff |
A U.S.-Japanese defense study concluded that Japan would probably lose control of its sea lanes in l
Maritime
GENOA DOCKERS REJECT ACCORD
Thomas Taylor |
In a riotous meeting at which union leaders were hooted down, dockworkers in Italy's largest port an
Maritime
GRAIN ACCORD SOUGHT US, EC WORK TO STAVE OFF TRADE REPRISALS
Richard Lawrence |
U.S. and European Community officials resumed talks toward trying to avert potentially serious trade
COURT TAKES COMMODITY CASE
Journal of Commerce Staff |
The Supreme Court agreed to determine if foreign commodities brokers can be called into U.S. federal
FOREIGN VISITS
Wire and Staff Reports |
Reagan Trips Weighed WASHINGTON - Visits by President Ronald Reagan to Rome and West Berlin
Maritime
FAA PROBES INCIDENT NEAR O'HARE
Gary Washburn |
The pilot of a Midway Airlines jet took evasive action after an approaching American Airlines plane
CLERKS JOIN STRIKE AT BRITISH TELECOM
(Ap) |
Trouble on the British Telecom telephone network, where 110,000 engineers are on indefinite strike,
Maritime
LOCKHEED ISSUE GOES TO 2ND VOTE WASHINGTON STATE BILL COULD GRANT WORKERS JOBLESS BENEFITS
Gloria Joseph |
Washington state senators today will reconsider legislation that could put unemployment benefits in
Maritime
RETAIL SALES GROWTH SLOWS IN JAPAN
Knight-Ridder Financial |
Sales at large Japanese retail stores totaled 2.13 trillion yen in December, up 1.4 percent from a
Maritime
OHIO CASUALTY REPORTS GAINS
JOC Staff |
Ohio Casualty Corp. reported fourth quarter operating income rose to $23.3 million, or $1.03 a share
WORKERS COMP INSURERS SEEK RATE HIKE IN MASS.
TOM McNIFF Jr. |
Insurance industry and state officials say they hope a request for a 30.4 percent rate increase on w
SHIFT SEEN IN TRADE BALANCE
Gordon Platt |
In five years, the Japanese will be producing almost as many automobiles in the United States as the
COTTON PROGRAM UNDER PRESSURE
Knight-Ridder Financial |
The U.S. cotton industry may have more difficulty keeping the U.S. cotton program intact in the next
HERCULES POSTS INCREASE IN NET
Journal of Commerce Staff |
Hercules Inc. reported fourth quarter net income of $38.9 million, or 69 cents a share, up from net
AVIATION BRIEFS
Wire and Staff Reports |
Air France to Begin Paris-San Francisco RunAir France will begin cargo service between Paris
SHARP RISE IN APPAREL, TEXTILE IMPORTS CAUSE FOR CONCERN IN CHEMICAL SECTOR
JOC Staff |
The continuing sharp rise in imports of apparel and textiles in the face of quota agreements is one
AUTO PARTS' TREND CAUSES CONCERN
JOC Staff |
Recent trends in auto industry production could hurt the U.S. plastics industry in the years ahead.<
COMMERCE HELPS OUT
JOC Staff |
The U.S. Commerce Department's office of chemicals is involved in helping the U.S. chemical industry
ENERGY BRIEFS
From Wire and Staff Reports |
Commissions Approve Kern River ProjectThe Federal Energy Regulatory Commission and the Calif
EARNINGS
Journal of Commerce Staff |
Shell's Income Drops SharplyShell Oil Co. reported earnings of $254 million in the fourth qu
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