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COST OF CREDIT
JOC Staff |
Monday, Dec. 29, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
LILLY ACQUIRES LONDON LABS
Journal of Commerce Staff |
Lilly Industrial Coatings Inc. announced it has purchased London Laboratories Ltd. for approximately
HOECHST EXTENDS TENDER DEADLINE
Journal of Commerce Staff |
American Hoechst Corp. announced it will not be possible to complete the voluminous collection and t
SPOT PRODUCT PRICES
JOC Staff |
December 29, 1986 U.S. spot oil products price indications, sellers range, in cents per gall
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
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
ACCURAY, HERCULES SET MERGER
Journal of Commerce Staff |
AccuRay Corp. and Hercules Inc. jointly announced that their boards of directors had approved a merg
MARITIME BRIEFS
From Wire and Staff Reports |
Norton Lilly Forms Chartering SubsidiaryFormation of Liberty Chartering Inc. as a wholly own
Maritime
SENATOR TAKES HARD LINE ADAMS URGES US TRADE AGGRESSIVENESS
Bruce Johnson |
Should the United States continue to provide military assistance for nations that impose tariff or n
Maritime
MANILA FILES 1ST MARCOS SUIT
(Ap) |
The government filed a $750 million lawsuit Monday in its first such action aimed at regaining part
Maritime
SINKING RAISES SAFETY ISSUE STANDARDS ON FLAGS-OF-CONVENIENCE SHIPS QUESTIONED
Simon Cameron Moore |
The loss of the Gibraltar-registered British tanker Syneta off Iceland last Friday has raised a fres
Maritime
HAMBURG FACES CHANGING WINDS OF FORTUNE
Bruce Barnard |
This great seaport on the Elbe has fallen on hard times. The port is steadily losing busines
ON-LINE SYSTEMS BECOME OLD HAT
Kevin D. Thompson |
Computerized documentation and planning systems are becoming as commonplace as the telephone in the
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
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
MARGIN OF AIR SAFETY IN US SEEN SHRINKING
(Ap) |
Air traffic control is losing its safety margin due to fewer controllers, stressful schedules and th
GANDHI STUMPS AT HOME TRIPS HELD VITAL TO BOOST POLITICAL STANDING
(Ap) |
Prime Minister Rajiv Gandhi has been traveling his country, dispensing money and listening to the co
Maritime
IACOCCA SEES JAPANESE FIGHTING FOR US MARKET
(Ap) |
Japan's car companies, hit hard by the sharp rise in the value of the yen, will not give up their sh
Maritime
THE SEARCH FOR BETTER BEEF
Dirck Steimel |
Can cattle be bred and raised to produce cuts of beef with a taste as right and as uniform as every
CHALLENGER FAMILIES SETTLE OUT OF COURT JUSTICE ANNOUNCES SETTLEMENT ON BEHALF OF FOUR VICTIMS
(Ap) |
The Justice Department said it has reached confidential, out-of-court settlements with the families
BRAZIL ECONOMY A PARADOX BOP DEFICIT, DEBT RISE WHILE GROWTH MAY HIT 9 PERCENT
James Bruce |
Brazil's economy, closely watched by creditors in the major industrialized nations, had a taste of b
Maritime
INSURANCE ACCORD ELUDES US, TAIWAN
Kim Tzou |
The United States and Taiwan are continuing negotiations on U.S. access to the insurance market here
HURRICANE LOSSES STIR DEBATE
C.A. Carpenter |
Hurricane Betsy cost the insurance industry: a) $500 million; b) $715 million; c) $5.8 billion; d) t
ENERGY BRIEFS
From Wire and Staff Reports |
Hanford's N Reactor Temporarily Shut DownRICHLAND, Wash. - The Hanford nuclear reservation's
AUSTRALIA FEARS MORE CLOSURES LOSSES SHUT DOWN 2 MINES, 6 MORE EXPECTED TO FOLLOW
Vincent W. Stove |
More closures may follow the recent decision to cease production at two Australian coal mines.
FRENCH RAIL STRIKE CONTINUES
(Ap) |
The state-run railway and unions remained stalemated Monday with no talks in sight as the worst rail
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
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
NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe White House readies its 1988 Titanic budget for sailing in icy waters. Page
Maritime
NORFOLK AIRPORT MULLS FUTURE
Carl Cahill |
A rapid rise in the use of Norfolk International Airport is causing airport officials to consider $6
CARGOLUX PRESSES DOT ON RIGHTS
Journal of Commerce Staff |
Cargolux asked the Department of Transportation to reconsider a recent decision denying it permissio
INDIA'S PRIME MINISTER STUMPS AT HOME
(Ap) |
Prime Minister Rajiv Gandhi has been traveling his country, dispensing money and listening to the co
Maritime
GREEK PUBLISHERS PROTEST INTRODUCTION OF NEW TAX
(Ap) |
Greek publishers and booksellers are bitterly protesting new taxes that they claim will ruin the cou
Maritime
GLOBAL SANCTIONS HURT SOUTH AFRICA'S BOX TRADE
Tony Koenderman |
Containerized cargo shipped from South Africa's four general cargo ports dropped sharply this year i
Maritime
CHEMICAL SLUMP PERSISTS IN CANADA
Leo Ryan |
Canada's chemical industry is undergoing tough times, with the situation varying widely in different
THE ECONOMY
From Wire and Staff Reports |
2 Million Jobs Likely To Be Created in 1987The U.S. economy will generate 2 million new jobs
MATSON AND HAWAII PROVE TO BE A FINE BLEND
John Davies |
Growth in Hawaii has been a major factor in Matson Navigation Co.'s success. In the old days
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
ENERGY BRIEFS
From Wire and Staff Reports |
Helicopter Crash Injures Australian Rig WorkersPERTH, Australia - A helicopter with 17 peopl
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