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BIAGGI REITERATES INNOCENCE
Robert F. Morison |
Rep. Mario Biaggi, a Democratic congressman from New York, flatly denied any wrongdoing related to p
Maritime
WALL STREET INVESTS IN NY EXCHANGE
C.A. Carpenter |
Wall Street has made its first major investment in the New York Insurance Exchange. And in a
COLGATE-PALMOLIVE UNIT COMPLETES JUNG ACQUISITION
Journal of Commerce Staff |
Colgate-Palmolive Co. announced that its Kendall health care subsidiary has completed the acquisiti
SAUDI ARABIA CUTS DELIVERIES TO JAPAN
Knight-Ridder Financial |
Japanese oil companies said contracts for January imports of Saudi Arabian crude oil have been cut 2
HOYT GETS POST AT KNIGHT-RIDDER
Journal of Commerce Staff |
Clark Hoyt, news editor of Knight-Ridder's Washington Bureau for the past two years, was named chief
US LEGISLATION COULD HELP PHASE OUT FARM SUBSIDIES
Dallas Morning News |
Agriculture subsidies worldwide stand "a good chance" of being phased outbecause of U.S. leg
AUSTRALIA PROMOTES FLEETS GOVERNMENT GRANT ENCOURAGES SHIP PURCHASES
Vincent W. Stove |
The Australian government has taken a positive step to further the "Aussie ships for Aussie cargoes"
Maritime
MARSH & MCLENNAN BUYS SPECIALIZED BROKER
Journal of Commerce Staff |
Marsh & McLennan Inc. acquired a New York-based insurance brokerage firm that specializes in providi
LAWSUIT FILING PROCESS BEGINS
Journal of Commerce Staff |
The first lawsuits stemming from Sunday's fatal Amtrak-Conrail crash were filed Tuesday. And
COST OF CREDIT
JOC Staff |
Wednesday, January 7, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
BANKS INTERVENE AGAINST D-MARK
Knight-Ridder Financial |
The U.S. dollar rose against most foreign currencies except the yen Wednesday on massive central ban
TRAFFIC BRIEFS
From Wire and Staff Reports |
Movers Diversifying Into New BusinessesALEXANDRIA, Va. - Household goods moving companies ar
TRUCK MAKERS MAY SHARE COST OF NEW DESIGN
Michael S. Lelyveld |
The guessing game as to who will be the next merger partners in the heavy- truck industry is a serio
NAVISTAR TRADE EXAMINED OVER 11 MILLION SHARES CHANGE HANDS
Michael S. Lelyveld |
Analysts split over whether heavy trading in the stock of Navistar International Corp. may mean bett
TRANSPORT CALENDAR
JOC Staff |
Atlantic States Association of Rail Shippers meeting, Jan. 8, Philadelphia Hershey Hotel, Philadelph
W. GERMAN GROWTH LESS THAN EXPECTED
(Ap) |
West Germany's price-adjusted gross national product rose an estimated 2.5 percent in 1986, falling
ROYAL BANK CHIEF URGES GLOBAL TRADE HARMONY
Leo Ryan |
A prominent Canadian banker stressed the need for international cooperation on all global trade, fin
SMALL MEXICAN TOWN BIG ON MAKING FURNITURE
(Ap) |
Some 400 furniture artisans in Concordia, Mexico, are busy producing hand- crafted furniture for U.S
Maritime
GREEK-FLAG SHIP CREW STRIKES OVER PAY, SAFETY
Journal of Commerce Special |
Most of the crew of a freighter registered in Greece went on strike for payment of back wages and co
Maritime
MASS. GOVERNOR SEEKS FUNDING
Journal of Commerce Special |
Massachusetts Gov. Michael Dukakis will ask state Legislature approval to fund a $1.6 million state
MARITIME BRIEFS
From Wire and Staff Reports |
Japanese Oil Tanker Hit in Persian GulfTOKYO A Japanese oil tanker traveling in the Persi
Maritime
CNW MERGER PLANS ON HOLD HOLDING FIRM AWAITS ICC SANTA FE SOUTHERN PACIFIC RULING
Andrea Chancellor |
It's no secret the CNW Corp. would like to merge its rail unit with a larger carrier, but those plan
PLASTICS CORNER
Journal of Commerce Staff |
SPI Plans SeminarIn FebruaryA special seminar to help exhibitors derive optimum resu
MECHANIZATION TRANSFORMS AUSTRALIAN MINE
Vincent W. Stove |
A coal mine that was long rejected as being too difficult to develop has become one of Australia's m
PANEL STUDIES PROBLEM OF US COMPETITIVENESS
Richard Lawrence |
Over 150 members of Congress have banded together to try to develop a congressional consensus on leg
COMMITTEE AGREES TO EXTEND TAX
Journal of Commerce Staff |
The House Ways and Means Committee agreed unanimously to extend the 9-cent-a- gallon federal gasolin
COMPUTERS INTEGRATE LOGISTIC OPERATIONS
Kevin D. Thompson |
Logistic operations are no longer the sole responsibility of transportation managers since telecommu
FOREIGN VISITS
From Wire and Staff Reports |
China-Japan Visits Set BEIJING - Vice Premier Tian Jiyun will pay a goodwill visit to Japan
SOUTH KOREA MAY CUT DEBT
(Ap) |
Finance Minister Chung In-yong was reported to have predicted that South Korea's outstanding foreign
Maritime
PORT OF OAKLAND NEAR HIRING GOAL MINORITIES HOLD 63 PERCENT OF JOBS, REFLECTING CITY'S RACIAL MIX
Maureen Robb |
The port of Oakland said 63 percent of its employees are from minorities. In an equal opport
Maritime
TOYOTA SET RECORDS FOR SALES DURING 1986
Journal of Commerce Staff |
Sales of cars, trucks and combined units all set new records in 1986, Toyota Motor Sales USA said.
Maritime
S. KOREA BUYS CORN
Knight-Ridder Financial |
The South Korean Corn Processors Industry Association purchased 55,000 metric tons of U.S. No. 2, 15
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
SOVIET OIL OUTPUT UP 3 PERCENT IN '86
(Ap) |
The Soviet government reported that oil production rose to about 615 million tons in 1986, more than
NJ URGED TO RENEW TRANSPORTATION FUND
(Ap) |
New Jersey's inferior infrastructure causes higher car repair bills, says a coalition of business gr
WORLD TODAY
From Wire and Staff Reports |
Senate Trade Hearings WASHINGTON The Senate Finance Committee will hold hearings next wee
SHIP ACT MAY FACE AN EARLY REVIEW
John Davies |
Abuses of rate-setting features in the Shipping Act of 1984 are so dramatic the law may have to be o
ROTTERDAM OIL OPTIONS MART STARTS TRADING THIS SPRING
Simon Cameron Moore |
Trading in options for distillate fuel oil will begin this spring in Rotterdam, the center of Europe
SPOT PRODUCT PRICES
JOC Staff |
January 7, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon
USSR TO BUY PERUVIAN PCS
Barbara Durr |
Novotec, Peru's first computer manufacturer, is negotiating the final details of a contract to sell
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