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FINANCIAL BRIEFS
From Wire and Staff Reports |
Securities Lawyer Says SEC Badly UnderstaffedThe Securities and Exchange Commission is badly
CBT WHEAT OPTIONS SET FOR ADDITIONAL GROWTH
Michael Kreca |
The Chicago Board of Trade's wheat options contract, which completed its first week of trading this
ROTTERDAM TERMINAL HIT HARD BY USL MOVE
Simon Cameron Moore |
Tuesday's telex informing Europe Container Terminus that United States Lines is discontinuing all se
Maritime
COMPLAINT NAMES ILLINOIS CENTRAL
Andrea Chancellor |
The Illinois Central Gulf Railroad is abusing its monopoly power over a rail route that serves a sou
FMC TO PROBE TAIWANESE LINES
Robert F. Morison |
The Federal Maritime Commission ordered an investigation into the rate-making practices of Taiwan's
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
FAA Shutdown Prompts Complaints by PilotsPALM SPRINGS, Calif. - Pilots have filed complaints
Maritime
VENEZUELAN CRUDE FETCHES $13 A BARREL
(Ap) |
Venezuela's oil exports are earning an average of "somewhat above" $13 a barrel this year, or half o
PIPELINE PLAN BACK ON HOLD ECONOMIC DOWNTURN SHELVES MALAYSIA-SINGAPORE PROJECT
P.T. Bangsberg |
A much-delayed project to pipe Malaysian natural gas to Singapore is being shelved due to an economi
NATO WARNS OF ACTION IF STRAIT IS SHUT DOWN
(Ap) |
NATO's secretary-general was quoted as saying that closure of the Strait of Hormuz, gateway to the o
INSURANCE BRIEFS
From Wire and Staff Reports |
Pa. House Rejects Seat Belt LegislationHARRISBURG, Pa. - Legislation to require the use of a
RIG CREW REPAIRS BALLAST PROBLEM
(Ap) |
Rescue helicopters flew out to the North Sea oil field when a British drilling rig with 57 men on bo
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
USL AND WEST COAST OPERATIONS MARITIME INDUSTRY ASSESSES POSSIBILITY OF DOUBLE-STACK TRAIN USE
John Davies, |
When United States Lines filed for protection from creditors under Chapter 11 of the federal bankru
Maritime
UNIONS WARNED ON INCREASE IN EMPLOYER AGGRESSIVENESS
(Ap) |
Union representatives from 27 countries were told that aggressiveness by employers is increasingly m
Maritime
NESTLE STAYING IN S. AFRICA
Knight-Ridder Financial |
Nestle and other major Swiss companies will not leave South Africa in protest against Pretoria's apa
Maritime
VW PINS HOPES ON FOX
James Bruce |
West German-owned Volkswagen North America is betting on a South American auto import next year to s
Maritime
US, TAIWAN NEAR PACT ON EXPORTS
(Ap) |
An accord is near on limiting exports of machine tools from Taiwan to the United States, a spokesman
Maritime
LINDA STERN'S ECONOMIC BEAT
Linda Stern |
PERCEPTIONS: We're back in 1981, when inflationary expectations had a life of their own, not necessa
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWS General Motors faces a major war and intends to win. Page 2AForty workers wil
EX-IM BANK TO OFFER CREDITS TO COUNTER JAPAN POLICIES
Journal of Commerce Staff |
The Export-Import Bank plans to offer up to $200 million in subsidized credits to finance U.S. high-
ENERGY BRIEFS
From Wire and Staff Reports |
Huatian Wins Contract For Chinese Power PlantA Chinese-Japanese construction and engineering
CARBIDE SAYS FTC ORDER WAS OBEYED
Journal of Commerce Staff |
Union Carbide Corp. stated it strongly disagrees with the Federal TradeCommission's decision
FARM HIRING DECLINES 4 PERCENT
(Ap) |
The number of workers hired by U.S. farmers this fall declined by about 4 percent from a year ago, a
ONSET OF COLD WEATHER PUTS DENT IN FUEL SUPPLIES
Journal of Commerce Staff |
Supplies of distillate fuel oil and gasoline declined, according to the American Petroleum Institute
STOCKS POST SIXTH STRAIGHT GAIN
Gordon Platt |
Stocks advanced for the sixth consecutive session Wednesday, as buying of takeover issues resurfaced
TRAFFIC BRIEFS
From Wire and Staff Reports |
Waltco Is Acquired By Swedish CompanyGARDENA, Calif. - Waltco Truck Equipment Co., a leading
S&P AFFIRMS KRI DEBT RATING
Journal of Commerce Staff |
Standard & Poor's, the rating agency, affirmed Knight-Ridder Inc.'s "AA-" senior debt and "A-1+" com
PLAYTEX SELLS S. AFRICAN ASSETS
(Ap) |
U.S. underwear maker International Playtex Inc. has sold all its South African assets to local manag
Maritime
UK DEFICIT IN TRADE FORECAST
Janet Porter |
Britain's trade in goods and services with the rest of the world is likely to be in substantial defi
Maritime
COLLEGES ESTABLISH INSURER
James Nolan |
Thirty leading colleges and universities have launched their own insurance company. They sai
INSIDE TALK FROM THE SOUTH ATLANTIC
Craig Dunlap |
MOST VALUABLE PLAYERS: Why does Bob Goethe hope last week's port operations seminar, sponsored by th
Maritime
WATERFRONT PARK ENVISIONED IN SEATTLE
Gloria Joseph |
Seattle Mayor Charles Royer is calling for a $30 million bond issue to finance the remaking of the w
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Sea Barge Group Opens Houston HeadquartersSea Barge Group Inc. has opened an office in Houst
Maritime
US, TAIWAN NEAR PACT ON EXPORTS
(Ap) |
An accord is near on limiting exports of machine tools from Taiwan to the United States, a spokesman
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
New Age, New Zealand Plan Joint VentureSALT LAKE CITY, Utah - New Age Corp. shareholders app
Maritime
BRAZIL RESTORES CONFIDENCE TO WORLD COFFEE MARKET
(Ap) |
Brazilian restrictions imposed this week on coffee sales to the end of this year helped restore conf
CHEMICAL MARKETS
JOC Staff |
Akzo Chemie Rais es Peroxide PricesJournal of Commerce StaffAkzo Chemie America is i
EXAMINING AGRICULTURAL ISSUES
Dirck Steimel |
After slipping into the red for a few months last spring and summer, U.S. agricultural trade ended i
PERSIAN GULF CLOSELY EYED BY INSURERS
Edwin Unsworth |
Marine insurers are considering whether any adjustment in rates for vessels traveling to the Persian
UNION CARBIDE STOCKHOLDERS SUIT DISMISSED
(Ap) |
Investors in Union Carbide Corp. should have known of the potential hazards of its chemical business
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