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FINANCIAL BRIEFS
From Wire and Staff Reports |
Taiwan Will Boycott ADB Meeting in AprilTAIPEI, Taiwan - Taiwan will boycott the annual meet
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Tuesday, December 30, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
OSHA INSPECTIONS CRITICIZED
(Ap) |
Some state and local prosecutors have been going after businessmen who endanger their workers, citi
INSURANCE BRIEFS
From Wire and Staff Reports |
Albany Hospital Probe Yields New IndictmentALBANY, N.Y. - A continuing investigation into po
LAWSUIT FILED IN WAKE OF LIVE TELEVISION BUST
(Ap) |
A woman has filed a $30 million lawsuit against Geraldo Rivera, law officers and producers alleging
CHALLENGER SETTLEMENTS STIR SPECULATION
(Ap) |
An attorney for the widow of an astronaut killed in the space shuttle Challenger explosion said a fi
OHIO REFORM BILL DEBATE CONTINUES
C.A. Carpenter |
Ohio business and insurance groups are heading in opposite directions from the governor in developin
INTEGRITY UNDER REHABILITATION
Journal of Commerce Staff |
Integrity Insurance Co. was placed under rehabilitation in a consent order signed Tuesday by the Sup
MARITIME BRIEFS
From Wire and Staff Reports |
Coast Guard Revising Load Line RegulationsThe Coast Guard has begun revising its regulations
Maritime
BROKER, BOND INSURER UNITE PAIR TO PROVIDE LIABILITY COVER FOR MUNICIPALITIES
James Nolan |
A major insurance broker is teaming up with a municipal bond insurance house to sell a form of liabi
US BANKRUPTCY SYSTEM SIMILAR TO NETHERLANDS'
Mark Magnier |
Court documents show voluntary bankruptcy proceedings in the Netherlands share many similarities wit
Maritime
'TWAS STORMY SHIPPING YEAR
Journal of Commerce Staff |
For the shipping industry, 1986 may be looked upon as the year of consolidation, upheaval and bankru
Maritime
MARTIN MCHUGH, ATTORNEY, IS DEAD
Journal of Commerce Staff |
Funeral services were held Tuesday at the Church of Our Lady Of Loretto, Cold Spring, N.Y., for Mart
Maritime
FRENCH RAIL STRIKE CONTINUES
(Ap) |
The state-run railway and unions remained stalemated Monday with no talks in sight as the worst rail
TRAFFIC BRIEFS
From Wire and Staff Reports |
Ryder System Acquires Auto Transport FirmRyder System Inc. acquired Transport Storage and Di
ON-LINE SYSTEMS BECOME OLD HAT
Kevin D. Thompson |
Computerized documentation and planning systems are becoming as commonplace as the telephone in the
SPOT PRODUCT PRICES
JOC Staff |
December 29, 1986 U.S. spot oil products price indications, sellers range, in cents per gall
NOT ALL ABOARD FOR AMTRAK SALE
Tom Belden |
Selling Amtrak's heavily traveled Northeast Corridor line, a proposal the Reagan administration is e
DOT MAY ALTER FIBER OPTIC RULES
(Ap) |
The U.S. Department of Transportation proposed on Friday changing its reg ulations to allow fiber op
CHINA'S OIL EXPORTS DOWN
P.T. Bangsberg |
China will lose about US$3 billion in earnings from oil sales this yearmainly as a result of
KUWAIT TO BUY 6 OIL TANKERS EXPANSION OF KOTC FLEET WILL AID DERIVATIVES EXPORTS
(Ap) |
Kuwait will buy six tankers for oil products from a South Korean shipbuilding company for $132 milli
OIL OUTPUT UP IN SUB-SAHARAN AFRICA
Howard Schissel |
Oil producers in sub-Saharan Africa have been able to show a small increase in production this year,
NEW TACTICS HELP SELL DRILLING EQUIPMENT
Gary Taylor |
U.S. oil drilling equipment manufacturers are using a variety of strategies to market their surplus
ENERGY BRIEFS
From Wire and Staff Reports |
Helicopter Crash Injures Australian Rig WorkersPERTH, Australia - A helicopter with 17 peopl
ROMANIAN SAILOR'S PLEA FOR ASYLUM UNDER STUDY
Gary Taylor |
A Romanian sailor was scheduled to appear before an immigration judge here Monday afternoon after ju
Maritime
EGYPTIAN FIELD STARTS PRODUCING
Journal of Commerce Staff |
Affiliates of Texas International Co. and Conoco announced the start of oil production from the Sal
IDLE SHIP TONNAGE DROPS WORLDWIDE
Journal of Commerce Staff |
The volume of laid-up tonnage has fallen to the lowest level for five years, according to Lloyd's of
Maritime
MALAYSIA SELLS STOCK IN LINE NEARLY 85 MILLION SHARES OFFERED IN INTERNATIONAL SHIPPING CORP.
P.T. Bangsberg |
The Malaysian government launched the next stage of its aggressive denationalization program with an
Maritime
TOYO MENKA DROPS OBJECTIONS TO TUNG GROUP RESCUE PLAN
P.T. Bangsberg |
Salvation for the sprawling Tung shipping empire looks assured following the resolution of a cliff-h
Maritime
FOREIGN HEADLINES
From Wire and Staff Reports |
Dissidents May Go Free LONDON - Soviet leader Mikhail Gorbachev will release thousands of po
Maritime
FOREIGN VISITS
From Wire and Staff Reports |
Jospin Visits China PEKING - French Socialist Party First Secretary Lionel Jospin met with H
Maritime
ON THE MOVE
-Staff Report |
Ferrie to Head New SubsidiaryOf Irving BankIrving Bank Corp. formed Irving Internati
XEROX TO STUDY INVOLVEMENT IN S. AFRICA
Journal of Commerce Staff |
Xerox Corp. said it will give further study to a decision about continuing its presence in South Afr
DAEWOO SHIPS LEMANS CARS TO US
(Ap) |
South Korea's Daewoo Motor Co. said it made its first shipment of 250 of its LeMans cars to the Uni
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Marks & Spencer Plans Four NY State ShopsMarks & Spencer PLC, the largest retailer in the Un
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe White House readies its 1988 Titanic budget for sailing in icy waters. Page
PEOPLE EXPRESS DEAL SET SHAREHOLDERS APPROVE MERGER WITH TEXAS AIR
(Ap) |
Shareholders of financially troubled People Express Inc. narrowly approved a $115 million merger wit
NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe White House readies its 1988 Titanic budget for sailing in icy waters. Page
Maritime
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