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INTERNATIONAL BRIEFS
From Wire and Staff Reports |
British Aerospace Wins Defense System OrderThe British government said it placed a $1.5 bill
Maritime
INDONESIA AGREES TO SEND TRADE DELEGATION TO MALTA
(Ap) |
President Suharto has agreed to send a delegation to Malta to study the possibility of expanding tra
Maritime
DENG GETS HONORARY PASS TO WALL STREET
(Ap) |
A delegation of top U.S. investment bankers, who used to be portrayed by Communist authorities as ex
Maritime
ASIAN NATIONS ENGAGE IN FAIR COMPETITION
P.T. Bangsberg |
While many in the West tend to lump the dynamic economies of East and Southeast Asia into one mold,
Maritime
JAPAN WILL CUT TEXTILE EXPORTS
Helen Ericson |
Japan agreed to make substantial cuts on exports of textiles to the United States, the U.S. Trade Re
TNT MOVE POINTS WAY TO INDUSTRY SHAKE-UP OFFER FOR AIRBORNE COMES IN TROUBLED TIMES
Larry Sterne |
TNT Ltd.'s $29-a-share offer for Airborne Freight Corp. is the first move in what could be one of th
ON THE MOVE
JOC Staff |
TRADE SMITHKLINE-BECKMAN CORP. (Philadelphia) - Hachiro Koyama, Japanese industrialist and c
PANAMA CANAL NEARS RETURN TO NORMAL
Journal of Commerce Staff |
Work parties and four dredges continue to clear the Panama Canal of one of its biggest landslides,
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Newport News Yard Lays Off 1,250 WorkersNEWPORT NEWS, Va. - Newport News Shipbuilding said i
Maritime
SAFIR SUIT DISMISSED WITH COURT WARNING
Journal of Commerce Staff |
The U.S. Court of Appeals here dismissed another suit against the shipping industry by Marshall P. S
Maritime
BARGE INDUSTRY WILL DEFEND USER FEE SYSTEM
Juliana King |
User fees will likely remain a controversial issue for the nation's barge industry despite the new h
Maritime
PLASTICS CORNER
Journal of Commerce Staff |
Naval Lab Awards Contract BALTIMORE - Martin Marietta Corp. received a $4 million contract f
NORWAY LEARNING TO LIVE WITH FOREIGN-FLAG FLEET
Robert F. Morison |
The United States and Norway face a common, major maritime fact: most of the fleets owned by their n
Maritime
PENNWALT TO EXPAND ORGANOSULFUR FACILITY
Journal of Commerce Staff |
Pennwalt Corp.'s board of directors approved the expansion of the Organic Chemicals Division's metha
MM&P NAMES KYSER SECRETARY-TREASURER
Chris Dupin |
Lloyd M. Martin, secretary-treasurer of the International Organization of Masters, Mates and Pilots,
Maritime
CHEMICAL MARKETS
Journal of Commerce Staff |
Market for Gum Rosins Is SteadyThe market for gum rosins is reported to be stable, although
HERCULES NAMES HARWICK DISTRIBUTOR EAST OF ROCKIES
Journal of Commerce Staff |
Hercules Inc. appointed Harwick Chemical Corp., Akron, Ohio, as its distributor for key peroxide and
AGENTS WARN OF EFFECTS OF NJ AUTO PROPOSALS
Journal of Commerce Special |
Many residents of New Jersey's cities will be shut out from obtaining automobile insurance if propos
ENERGY BRIEFS
From Wire and Staff Reports |
Mobil Oil Canada Plans Stimulation ProjectMobil Oil Corp.'s Canadian affiliate, Mobil Oil Ca
THE OIL PATCH - IT ISN'T LIKE 'DALLAS' ANYMORE
James Coates |
Here in the "oil patch," even multimillionaires like Clayton Williams and his wife, Modesta, are hur
FORD IS INTERESTED IN BUYING SCHWAB
(Ap) |
Charles Schwab, who wants to buy back the discount brokerage company he founded and sold to BankAmer
Maritime
A YEN FOR US OPPORTUNITIES JAPANESE TO EXPAND REAL ESTATE HOLDINGS
Bill Mongelluzzo |
Spurred on by a strong yen and attractive rate of return, Japanese investment in U.S. real estate is
Maritime
CYPRUS MINERALS COLLECTS ESCROW FUNDS FROM LTV
Journal of Commerce Staff |
Cyprus Minerals Co. said it has collected $20 million held in escrow as a guarantee of LTV Steel Co.
ARGENTINA SIGNS EXPLORATION PACTS
Jeremy Morgan |
The Argentine government has signed two exploration and production deals with private oil companies
S. KOREA'S US TRADE SURPLUS RISES
(Ap) |
South Korea's trade surplus with the United States rose to a record $5.9 billion in the first 10 mon
Maritime
NY CITY CRACKS DOWN ON AUTO THEFT SCHEME
(Ap) |
In a city-wide crackdown on automobile insurance fraud, police arrested 55 people, including a feder
INSURANCE BRIEFS
From Wire and Staff Reports |
Home Group Withdraws Re Unit Stock SaleHome Group Inc. said it's withdrawing its proposed pu
ASSAULT ON HEALTH-CARE FRAUD PLANNED
Leah R. Young |
An anti-fraud group led by the insurance industry is meeting to design a new communications network
US DIPS IN EXPORTS TO HONG KONG
P.T. Bangsberg |
U.S. exports to Hong Kong slumped in September, dragging the United States off its long-time perch a
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Polar BEAR Satellite Will Do ExperimentsVANDENBERG AIR FORCE BASE, Calif. - A satellite that
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Indonesia Trade Team To Visit MaltaJAKARTA, Indonesia - President Suharto has agreed to send
Maritime
JAPANESE PROBING SEMICONDUCTOR EXPORTS
(Ap) |
Japan asked the United States to be patient in its call for Japan to halt alleged "dumping" of semic
Maritime
DENG GETS HONORARY PASS FOR UNLIMITED WALL ST. ACCESS
(Ap) |
A delegation of top U.S. investment bankers, who used to be portrayed by Communist authorities as ex
Maritime
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSThree top executives were promoted by The Journal of Commerce. Page 1A Economi
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
COST OF CREDIT
JOC Staff |
Friday, Nov. 14, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
UTA TARGETS N. AMERICAN MARKET
Bill Mongelluzzo |
UTA French Airlines is well-established in the Paris-Africa market, but company officials see the gr
ENVIRONMENTALISTS LOSE OAKLAND CARGO RULING
(Ap) |
In a setback for environmentalists, a judge has refused to block construction of an air cargo facili
INSIDE TALK ON TRANSPORTATION
Tim Neale |
BREAKING FROM THE GATE: The American Association of Airport Executives lost no time lining up the n
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