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HUSKY PURCHASE LONG-TERM DEAL HONG KONG MAGNATE EXPECTS RISE IN OIL PRICES IN 5 YEARS
P.T. Bangsberg |
Spending US$410 million to acquire a majority stake in Canada's Husky Oil Ltd. "should prove a good
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
INSIDE TALK ON INSURANCE
James Nolan |
STROLLING DOWN MEMORY LANE WITH NOTHING IN MIND: Twenty-five years ago, media philosopher Marshall M
METROPOLITAN RE GETS BOOST
C.A. Carpenter |
Metropolitan Reinsurance Co. received a $25 million early birthday presentfrom its parent.
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
BAXTER TRAVENOL TO ELIMINATE 5,000 JOBS IN EFFICIENCY MOVE
Journal of Commerce Staff |
Baxter Travenol Laboratories announced that it will eliminate an estimated 5,000 positions over the
SAN ONOFRE STAFF PROBES TAMPERING
(Ap) |
Staff at the San Onofre nuclear plant are investigating two incidents of equipment tampering at the
MARITIME CALENDAR
JOC Staff |
The Society of Port Engineers New York. Dinner meeting in conjunction with the Institute of Marine E
Maritime
EXON EXPECTS LITTLE AID FOR MERCHANT FLEET
Journal of Commerce Staff |
Sen. J. James Exon, D-Neb., sees little chance of any massive infusion of government funds to revive
Maritime
CROP DAMAGE MAY FORCE N. KOREA TO IMPORT GRAIN
Knight-Ridder Financial |
Typhoon damage to crops may force North Korea, normally not a grains importer, to buy substantial am
BAN ON WHEAT IMPORTS TO HURT NIGERIA'S MILLS
Knight-Ridder Financial |
Nigeria's ban on wheat imports effective Jan. 1 threatens its ability to attract investments in whea
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japan's MITI Weighs Fund to Help BusinessesThe Ministry of International Trade and Industry
Maritime
REAUTHORIZATION TIED TO SPENDING
Tim Neale |
The prospective new chairman of the Senate Aviation Subcommittee appears ready to play hardball with
AVIATION BRIEFS
From Wire and Staff Reports |
Unicorp Raises Stake In Purolator CourierUnicorp Canada Corp., a management investment and h
TRAFFIC BRIEFS
From Wire and Staff Reports |
Suit by Gelco Claims Illegal Stock TradingGelco Corp. filed suit against a New York investor
FARM LENDERS FEAR CHAPTER 12 FILINGS
Dirck Steimel |
Farm lenders, already reeling from a weak agricultural economy, are bracing for another round of far
FOREIGN HEADLINES
From Wire and Staff Reports |
Sudan Bank Fraud KHARTOUM, Sudan - Government investigators unearthed bank fraud so massive
Maritime
ON THE MOVE
-Staff Report |
Insurer AppointsThree VPsCapital Guaranty Insurance Co. said Kurt Guen, Helene F. Ja
FREE TRADE TOPS EC AGENDA
Janet Porter |
The recent acceleration of progress toward dismantling economic barriers within the European Communi
ENERGY BRIEFS
From Wire and Staff Reports |
Egypt Will Maintain Oil Export PricesCAIRO, Egypt - Egypt decided to maintain present oil ex
RYDER FIRM ON ENGINES
Michael S. Lelyveld |
Ryder Truck Rental is cooling its rhetoric but says it will keep the heat on engine makers to set in
CHINA EYES HIKE IN RETAIL SALES
(Ap) |
China's retail sales will reach 560 billion yuan ($150 billion) in 1987, up 13 percent from this yea
S. AFRICA, REST OF CONTINENT ON TRADE REBOUND
Tony Koenderman |
Trade between South Africa and the politically hostile black-ruled nations of Africa has experienced
SPOT PRODUCT PRICES
JOC Staff |
December 3, 1986 U.S. spot oil products price indications, sellers range, in cents per gallo
LONE COAL MINER READY TO QUIT
(Ap) |
After 37 years working a one-man coal mine, Ralph Bloom says he's ready toquit because of st
GREECE ALTERS SHIP POLICY MEASURES DESIGNED TO BOOST FLEET COMPETITIVENESS
Victor Walker |
After 13 months of intermittent discussions with shipowners and marine trade unions, the Greek gover
Maritime
US SUGAR POLICY RAPPED
Knight-Ridder Financial |
The U.S. sugar program has impoverished developing countries and impaired their ability to repay deb
US-JAPAN CHIP UNION URGED
Gloria Joseph |
Join forces or flounder is the message being sent out loud and clear to Japanese and U.S. semiconduc
Maritime
WORLD TODAY
From Wire and Staff Reports |
Warning on Air Taxes WASHINGTON - Sen. James Exon, D-Neb. and prospective new chairman of th
CONTROLLER: SCREEN NEVER PICKED UP LIGHT PLANE
Mark Barnhill |
An air traffic controller testified Tuesday that his radar screen never picked up the light plane th
PIPELINE DISPUTE SETTLED ARGENTINA, NETHERLANDS REACH ACCORD ON DEBT
Jeremy Morgan |
Argentine government officials claim to have reached an agreement in principle on resolving the prot
PLASTICS CORNER
Journal of Commerce Staff |
Dow Removes AllowanceOn ResinsMIDLAND, Mich. - The Dow Chemical Co. announced the re
INTENSIVE TECHNOLOGY AIDING SOVIET GRAIN PRODUCTION
Knight-Ridder Financial |
The U.S.S.R. reported it will use intensive technology for its grain crops on 36 million hectares in
FARM POLICY CHANGES URGED
Knight-Ridder Financial |
The key to reversing or at least stemming the "worst crisis world agriculture is facing since the Gr
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japan's MITI Weighs Fund to Help BusinessesThe Ministry of International Trade and Industry
Maritime
UNITED TO INCREASE SERVICE FROM DULLES
Tim Neale |
United Airlines announced a 46 percent increase in service out of Dulles International Airport, Wash
PWA ACQUIRES CP AIR SALE SEEN DEFENSIVE MOVE TO COUNTER AIR CANADA
Journal of Commerce Special |
Sale of Canadian Pacific Air Lines to Pacific Western Airlines Corp. continues the consolidation of
MARITIME BRIEFS
From Wire and Staff Reports |
Intertanko Supports Gulf Escort ProposalIntertanko, the International Association of Indepen
Maritime
PORT PLAN ON HIRING APPROVED NEW ORLEANS ALLOWED TO REMOVE 18 JOBS FROM CIVIL SERVICE
Marie Prat |
The port of New Orleans won tentative approval of its plan to hire 18 management-level employees out
Maritime
NJ EXPECTED TO BACK JUA BAILOUT PLAN
(Ap) |
Supporters are predicting quick passage of a bill to reduce a $900 million deficit incurred by the J
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