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JAPANESE ECONOMISTS ATTACK '87 BUDGET
A.E. Cullison |
Japan's new budget cannot work to assist the government in achieving its economic growth target of 3
Maritime
FINANCIAL BRIEFS
From Wire and Staff Reports |
Taiwan Will Boycott ADB Meeting in AprilTAIPEI, Taiwan - Taiwan will boycott the annual meet
COST OF CREDIT
JOC Staff |
Tuesday, December 30, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
INTEGRITY UNDER REHABILITATION
Journal of Commerce Staff |
Integrity Insurance Co. was placed under rehabilitation in a consent order signed Tuesday by the Sup
REAGAN TO ASK SPENDING CUTS IN ENERGY R&D
Tim Sansbury |
President Reagan once again will call for cuts in spending for basic energy research programs in the
FOREIGN HEADLINES
From Wire and Staff Reports |
Student Elected HEFEI, China - A student who declared himself a candidate has been elected t
Maritime
FDA APPROVES BRISTOL-MYERS HEART DRUG
Journal of Commerce Staff |
Bristol-Myers Co. announced that the Food and Drug Administration has approved the release of Enkaid
ASIAN MINISTERS TO DISCUSS PLAN TO CUT TIN PRODUCTION
Knight-Ridder Financial |
Mining industry ministers of Thailand, Malaysia and Indonesia will meet in Singapore Jan. 9 to seek
NFA VOTES TO REVOKE MEMBERSHIP OF BROKER
(Ap) |
The National Futures Association has voted to expel troubled First Commodity Corp. of Boston, a move
OSHA INSPECTIONS CRITICIZED
(Ap) |
Some state and local prosecutors have been going after businessmen who endanger their workers, citi
MARITIME BRIEFS
From Wire and Staff Reports |
Coast Guard Revising Load Line RegulationsThe Coast Guard has begun revising its regulations
Maritime
N. CALIFORNIA PORTS SEEK CARGO CLEARANCE SYSTEM
Journal of Commerce Staff |
An association of Northern California ports will pay $152,000 for a conceptual design for computers
Maritime
WESTINGHOUSE LOOKS TO THE CARIBBEAN
(Ap) |
Westinghouse, the electrical giant, is eyeing the Caribbean as a way to help it continue making some
Maritime
INTERNATIONAL CALENDAR
JOC Staff |
MINISTRY OF INDUSTRIES, GOVERNMENT OF BANGLADESH INVESTORS' FORUM. Main objective is to promote fore
Maritime
NORTHEAST POISED TO CHALLENGE LAW UTILITY AWAITS PUC RULING ON POWER PURCHASE MANDATE
Journal of Commerce Special |
Northeast Utilities is awaiting a Connecticut Public Utilities Commission ruling before deciding if
FLYING TIGER SETS WORKER PROGRAM
Journal of Commerce Staff |
Flying Tiger Line Inc. said a comprehensive employee partnership and cost reduction program for admi
THE PERFECT COMBINATION QUABOAG'S RAIL-LUMBER OPERATION UNIQUE
Tom Belden |
Being in exactly the right place at the right time - and knowing how to capitalize on the situation
SPOT PRODUCT PRICES
JOC Staff |
December 30, 1986 U.S. spot oil products price indications, sellers range, in cents per gall
SWEDES WANT NORWEGIANS TO JOIN IN BALTIC DRILLING
Journal of Commerce Special |
The Swedish company Oljeprospekting AB (OPAB) contacted Norsk Hydro about joining forces to drill fo
ARCO TO REDUCE CAPITAL SPENDING
(Ap) |
Atlantic Richfield Co. said it will cut its 1987 capital spending budget by 20 percent to $1.6 billi
HONDURAS WOOS SHIPOWNERS GOVERNMENT PINS ECONOMIC HOPES ON SHIP SECTOR
Mark Magnier |
Honduras has targeted the maritime industry to help it reduce unemployment and spur economic activit
Maritime
FUNDAMENTALS HAMPER STOCKS' RALLY ATTEMPT
RIPLEY WATSON Jr. |
Stocks struggled fitfully to mount a traditional year-end rally Tuesday in what was expected to be t
'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
DOLLAR MIXED AS PRE-HOLIDAY TRADING SLOWS
Knight-Ridder Financial |
The U.S. dollar was narrowly mixed in light activity Wednesday as the market dwindled to minor, inte
US COMPANIES BUYING MORE SOVIET KNOW-HOW
(Ap) |
U.S. firms have been acquiring considerable amounts of technical know-howfrom the Soviet Uni
Maritime
USSR TOP BORROWER IN 1ST HALF
(Ap) |
The Soviet Union led the list of borrowers from international banks during the first half of 1986, a
Maritime
HAITI IN LINE TO RECEIVE MORE AID
Canute James |
The overthrow of president Jean Claude Duvalier 11 months ago has been followed by an increase in fi
HIGHER US DUTIES ON EC GOODS SET YEUTTER SAYS ACTION COULD CAUSE DISRUPTION IN TWO-WAY TRADE
Richard Lawrence |
The United States will impose sharply higher U.S. tariffs on EC wine, brandy, gin, cheese and other
CHINESE BUYING HOMES
(Ap) |
Wu Huiding's family of four used to sleep in one bed, a common plight for residents of the most crow
Maritime
PLASTICS CORNER
Journal of Commerce Staff |
Computer Aids UnderstandingOf PolymersAT&T Bell Laboratories developed a computer mo
WENDELL FORD TO CHAIR AVIATION COMMITTEE
Tim Neale |
The new chairman of the Senate Aviation Subcommittee will be Sen. Wendell H. Ford, D-Ky., not Sen.
NUCLEAR-POWERED SHIPS GET PENTAGON APPROVAL
(Ap) |
Defense Secretary Caspar W. Weinberger will authorize money next year to begin construction of two a
Maritime
MCDONNELL DOUGLAS READY FOR LIFT-OFF IN CHINA
(Ap) |
McDonnell Douglas Corp., which builds two planes a week at its factory in Long Beach, Calif., will l
MACK TRUCK EMPLOYEES 'IN LIMBO'
Joyce Gemperlein |
Nearly one year ago, Mack Trucks Inc. announced it would close anassembly plant here and reopen it i
API REPORT PREDICTS CRISIS
Tim Sansbury |
The United States and its allies could face a new energy crisis in the next three years and few pol
BRAZIL SOY PLANTING 90 PERCENT COMPLETE
Knight-Ridder Financial |
Soybean planting is about 90 percent complete in Brazil, but still lagging behind the normal pace du
AUSTRIAN CHEMICAL SECTOR FACES TRIALS
Nino Lo Bello |
Iffy as forecasts may be about any branch of business endeavor, they are particularly iffy today in
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
LAKES PORTS HOPE GRAIN TOTALS WILL BE AS STRONG NEXT YEAR
Andrea Chancellor |
Strong grain traffic boosted cargo levels at some of the Great Lakes ports this year, and officials
ROMANIAN SAILOR FACES HEARING
Gary Taylor |
The Immigration and Naturalization Service has scheduled a deportation hearing for Jan. 29 to decide
Maritime
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