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INSURANCE BRIEFS
From Wire and Staff Reports |
AMERICAN INTERNATIONAL PAYS FINES TO NY STATENew York Superintendent of Insurance James P. C
BARGE SNAFU TO COST MILLIONS FOR SALVAGE, LOST CARGO, REVENUES MASSIVE CLEANUP EFFORT NEEDED
Dave Higdon |
Only a miracle-worker is missing from the concerted salvage effort at the Monongahela River's Maxwel
LEGISLATORS WEIGH PLAN TO ABOLISH FLA. AGENCY
Craig Dunlap |
State legislators from Broward County, Fla., will listen today to a request to abolish the Port Ev
Maritime
REFINERY UTILIZATION RATE REBOUNDS
Journal of Commerce Staff |
Utilization rates at the nation's refineries rebounded from a decline caused by accidents and operat
PEOPLE - MARITIME P&O CONTAINERS (TFL) PROMOTES OLE SWEEDLUND
From Wire and Staff Reports |
P&O Containers (TFL) Ltd. named Ole Sweedlund vice president of sales and marketing and also general
Maritime
CONFERENCE REVERSES STANCE ON BOSTON MASSPORT REMAINS WARY
Michael S. Lelyveld |
The Inter-American Freight Conference has reversed an earlier decision to drop its bill of lading fo
Maritime
WASH. STATE TRADE DIRECTOR RESIGNS
John Davies |
In a move that signals a change in strategy, the state of Washington will replace its trade director
Maritime
PRICE REFORM TAKES BACK SEAT AS CHINA AIMS TO CURB INFLATION
Helen Berg |
Price reform in China has not been scrapped, but the emphasis for now will remain on corralling infl
Maritime
COST OF CREDIT
JOC Staff |
Wed., Jan. 17, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
THE ECONOMY
Wire and Staff Reports |
INDUSTRIAL PRODUCTION ROSE 0.4 PERCENT IN DECEMBERIndustrial production rose 0.4 percent in
HARTFORD SUES ON CALIF. AUTO RATES
Janet Aschkenasy |
Hartford Fire Insurance Co. is joining the ranks of other insurers aggressively contesting Californi
US NAVY FRIGATE COLLIDES WITH TANKER IN BOSTON
Michael S. Lelyveld |
A Navy frigate on its way to a shipyard for maintenance struck a Liberian- flag oil tanker anchored
Maritime
LONG ISLAND LIGHTING TO GET TAX REFUND
(Ap) |
The Town of Brookhaven will refund $20 million in property taxes to Long Island Lighting Co. for ove
CORRECTION
JOC Staff |
General Electric Co.'s GE90 jet engine is designed for airplanes that will replace today's older gen
Air Cargo
COMMODITY BRIEFS
From Wire and Staff Reports |
CBT AMENDS PROGRAM FOR DAY, NIGHT TRADINGThe board of directors of the Chicago Board of Trad
RETIREMENT PLANS: SKIMPING MAY BE DANGEROUS
Chicago Tribune |
No matter what the government does, most financial planners say today's workers must save much more
US-SOVIET GRAIN TALKS SET FOR MARCH 21-22
Knight-Ridder Financial |
U.S. and Soviet negotiators will meet in Vienna March 21 and 22 to resume talks on a new long-term g
DOLLAR FALLS AS DEFICIT IN TRADE WIDENS
Knight-Ridder Financial |
The U.S. dollar declined against most currencies Wednesday on a wider-than- expe cted November trade
CUBA PROSPECTING FOR TRADE IN CHINA, LATIN AMERICA
Mimi Whitefield |
As trade relations with Cuba's traditional Soviet bloc trading partners become more difficult, the C
PLAN OPPOSED FOR FOREIGN INTEREST IN US-SUBSIDIZED BULK OPERATOR
Marie Prat |
Key competitors are opposing American Maritime Transport Inc.'s request toallow a London oil
Maritime
NJ LEGISLATORS HAIL CALL FOR ACTION
Lorraine Iannello |
Not all are sure they'll like it. But legislators are anxious to hear New Jersey Gov. James J. Flori
CHEMICAL BRIEFS
From Wire and Staff Reports |
JAPAN CHEMICAL WEEK OFFERS DIRECTORYA directory of Japanese and other Asian chemical firms i
SANDOZ LICENSES HIMONT TO PRODUCE PLASTICS STABILIZER
Pei-Tse Wu |
Himont Inc. announced it had received a license from Sandoz Ltd. of Basel, Switzerland,to produce Sa
GENENTECH POSTS 4TH-QUARTER PROFIT
(Ap) |
Genentech Inc., a leading biotechnology company that has foundered financially, reported earnings of
SPOT PRODUCT PRICES
JOC Staff |
Jan. 17, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon,
'89 OUTPUT DROP STEEPEST EVER FOR US OIL
(Ap) |
Domestic oil production in 1989 took the steepest yearly fall in history, and petroleum imports rose
TEXACO TRADING HIKES CRUDE OIL POSTINGS
Knight-Ridder Financial |
Texaco Trading and Transportation Inc. late Tuesday raised its posted price for West Texas Intermedi
CHINA TO ADD TRADE ZONE NEAR HONG KONG HIGH-TECHNOLOGY EXPORTS SOUGHT
P.T. Bangsberg |
A second and larger bonded customs industrial area is to be established in the Chinese special econo
Maritime
NEWS SUMMARY
JOC Staff |
* Trading With Spain 5A * EC Hopes Dim For "Open Skies" Competition 2B* Jon Jacobs - Inside
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
MAJOR RETAILERS USING ELECTRONICS TO MANAGE GOODS
Tony Seideman |
Sophisticated retailers are beginning to connect bar code scanning and electronic data interchange t
Trucking News
CHARLESTON REPLACES HUGO-DAMAGED CRANE PORT AUTHORITY SHIFTS EQUIPMENT
Craig Dunlap |
Columbus Street Terminal at the Port of Charleston, S.C., will have three container cranes in operat
Maritime
HIGH COURT MAY DECIDE TRUCK RATE CASE BY JULY REVIEW IS SEEN AS A WATERSHED
Leo Abruzzese |
The simmering dispute over the legality of negotiated truck rates arrived at the Supreme Court this
Trucking News
CUSTOMS GETS TOUGH WITH TARDY BROKERS
Rosalind Rachid |
The U.S. Customs Service is preparing to enact for the first time a regulation that will temporarily
SOABAR PRODUCTS MAKES MONEY BY MAKING LABELS
Valerie Reitman |
On a quiet residential street in Northeast Philadelphia, in a building resembling an elementary scho
TRADE DEFICIT WIDENS
John Davies |
One of the biggest single factors contributing to the widening trade deficit in November was an $895
US QUOTA HIKE STIRS MOVEMENT IN SUGAR PRICES
Howard Simon |
World sugar futures closed lower Wednesday despite bullish news that the U.S. Department of Agricult
INDIANS SELLING SOFTWARE IN THE US
Neel Patri |
A sales team representing six Indian computer software companies is in the United States hoping to c
Maritime
HIGH-TECH EXPORT CONTROLS SEEN HINDERING US-SOVIET TRADE
Keith M. Rockwell |
A government survey of business leaders urges the Bush administration to grant improved tariff statu
Maritime
TRANSPORT EARNINGS
From Wire and Staff Reports |
BN RAILROAD TURNED A PROFIT IN 4TH QUARTERBurlington Northern Inc., parent of Burlington Nor
Air Cargo
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