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HAGEMEYER TO BUY 80 PERCENT STAKE IN GPX
P.T. Bangsberg |
The Dutch conglomerate, Hagemeyer NV, a unit of First Pacific Group, will acquire a U.S. electronics
Maritime
MCLEAN NEWS SADDENS, SURPRISES
Andrea Chancellor |
The move by McLean Industries Inc. to seek protection in federal bankruptcy court surprised and sadd
Maritime
USL MOVE SHAKES UP PORTS, OPERATORS
Charles F. Davis |
The decision of United States Lines to severely cut back its extensive liner operations as part of a
Maritime
GPA HOLDS OWN AFTER USL DISBANDS
Craig Dunlap |
The disbanding of United States Lines' around-the-world service has hit Savannah hard, but Georgia P
Maritime
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWS The stock market struggled to reach a new record as profit-taking clashed with
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Tuesday, November 25, (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FINANCIAL BRIEFS
From Wire and Staff Reports |
FMC Corp. Considers Lawsuit Against BoeskyFMC Corp., which may have lost $360 million in the
NO OIL PRICE HIKES IN SIGHT
(Ap) |
The oil industry can expect the prices of oil to stay around $15 a barrel during the next six to 12
EPA FINES CUMBERLAND FARMS
Journal of Commerce Staff |
The Environmental Protection Agency is assessing a $525,000 fine against Cumberland Farms, of Canton
RULING ON USED OIL EASES TRUCKERS COSTS
Leo Abruzzese |
Truckers may be spared up to $1 billion a year in added costs following a government decision not t
BAYER PROFIT RISES DESPITE SALES DIP
Journal of Commerce Special |
The Bayer Group's pretax profits rose 4.2 percent to 2.62 million deutsche marks in the first three
Maritime
FRENCH MAIZE TO BENEFIT FROM SPAIN'S SUBSIDY
Barry Moore |
French maize is best placed to take advantage of the EC's 8-European- currency-u nit import subsidy
NYPA PUSHES ALLOCATION LEGISLATION
Journal of Commerce Special |
The New York Power Authority is seeking agreement on legislation that wouldallow the continu
LONG-TERM DEBT OVER $11.7 BILLION
Journal of Commerce Staff |
According to a document filed with the Securities and Exchange Commission recently, McLean has long-
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
NEW YORK COURT DISMISSES PARALYZED JOCKEY'S LAWSUIT
(Ap) |
Former jockey Ron Turcotte, who rode Secretariat when the horse won racing's Triple Crown in 1975, l
UK REJECTS PUSH TO CUT OIL OUTPUT
(Ap) |
A top British energy official said that his government will continue to reject proposed limitations
GOOD LABOR TIES HELP PORT
Craig Dunlap |
Lambert's Point Docks in Norfolk, Va., employs exclusively International Longshoremen's Association
Maritime
NEW DOW RECORD REMAINS ELUSIVE
RIPLEY WATSON Jr. |
The stock market struggled to push higher to a new record in the Dow Jones industrial average Tuesda
CONSUMER PRICES RISE
(Ap) |
Consumer prices rose 0.2 percent last month as higher new car prices offset a dip in gasoline prices
WORLD GRAIN GLUT EYED
(Ap) |
A Chinese official said Tuesday some developed coun tries were responsible for a so-called glut in w
UK MAY PROBE 1980 SHIP LOSS GOVERNMENT TO STUDY REPORT ON KOWLOON BRIDGE BREAKUP
Edwin Unsworth |
The British government may hold an inquiry into the 1980 disappearance of thebulk carrier De
Maritime
RULING FAVORING BRISTOL-MYERS UPHELD
Journal of Commerce Staff |
Bristol-Myers Co. announced that a motion by McNeilab Inc., a subsidiary of Johnson & Johnson, to se
CHEMICAL MARKETS
Journal of Commerce Staff |
Kalium's Potash Prices to Hold Steady Kalium Chemicals' list prices for potash will remain f
CALIFORNIA INKS HISTORIC PACT
(Ap) |
Federal and California officials have ended 26 years of negotiations by signing an agreement to coor
Maritime
MALCOM MCLEAN: FATHER OF CONTAINER IDEA
Chris Dupin |
Many men have played a role in the development of container shipping, but if the idea has a "father"
Maritime
RIGHT MAN FOR JOB: HILTZHEIMER
Stanford Erickson |
The re-emergence of Charles I. Hiltzheimer comes none too soon for United States Lines. If t
Maritime
MARSH BUYS IDENTITY CONSULTANT
Journal of Commerce Staff |
Marsh & McLennan Cos., the world's largest insurance broker, acquired Lippincott & Margulies Inc., c
TOXIC SPILLS CLOUD AVAILABILITY CLIMATE
Edwin Unsworth |
European chemical companies, already facing sharply escalating insurance rates for liability cover,
SAN FRANCISCO REJECTS BAN ON TOBACCO ADS
(Ap) |
City supervisors have rejected a proposal that would have made San Francisco the first city in the c
TEXAS EASTERN PLANS PIPELINE COMPANY SEEKS APPROVAL FOR 316 MILES OF GAS LINE
Journal of Commerce Staff |
Texas Eastern Gas Pipeline Co., a Texas Eastern Corp. operating unit, filed for Federal Energy Regul
YAMANI TOLD TO STAY IN SAUDI ARABIA
(Ap) |
Sheikh Ahmed Zaki Yamani, who was dismissed last month as Saudi Arabia's oil minister, has been orde
ALASKA PLAN FACES HOSTILITY IN HOUSE
(Ap) |
The Interior Department's draft plan for development of Alaska's oil-rich, environmentally sensitive
O'HARE SECURITY OVERHAUL SET
JOC Staff |
The city plans to reduce the number of Chicago police officers at O'Hare International Airport and i
CDG'S WHOLESALE CLUB TO EXPAND OPERATIONS
Kevin D. Thompson |
The Cargo Development Group said it will expand its Wholesale Club cargo operations in January to m
FLYING TIGER REFUSES OFFER FROM PILOTS
Journal of Commerce Staff |
Flying Tiger Line pilots offered to buy the financially ailing cargo airline but the company refused
BARCLAYS OF S. AFRICA SMILING
(Ap) |
Barclays Bank of South Africa declared that the withdrawal of the British parent company opens new h
Maritime
MCLEAN NEARLY SOLD TO LOUIS DREYFUS DEAL COLLAPSED WHEN CREDITORS REJECTED TERMS
Mark Magnier |
McLean Industries Inc., parent company of United States Lines, was almost sold to Louis Dreyfus Corp
PEANUT POUNDAGE QUOTA FOR '87 PROPOSED BY USDA
(Ap) |
The Agriculture Department announced a proposed 1987 peanut poundage quota of 1,287,500 tons, a redu
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