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NEWS SUMMARY
JOC Staff |
GENERAL NEWS The Senate is softening proposals to impose new rules for foreign investors. P
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWS The Senate is softening proposals to impose new rules for foreign investors. P
SHIPWRECK BLOCKS RHINE IN GERMANY
Journal of Commerce Special |
A portion of the Rhine River near Karlsruhe, West Germany, remains closed to shipping as salvage ope
Maritime
NMU REACHES TANKER ACCORD
Journal of Commerce Staff |
The National Maritime Union, which represents unlicensed seamen, reached agreement Tuesday on a new
Maritime
HOW CHESAPEAKE SHIPPING WAS BORN
JOC Staff |
Much of the details are kept private, but it is known that Tim Stafford, manager of fleet developmen
Maritime
IRANIAN MINE-LAYING WORRIES SEAFARERS
(Ap) |
As the U.S. Navy prepares to escort Kuwaiti tankers in the Persian Gulf, Iran is mining the narrow a
Maritime
WEAK HOUSING DATA PUSH DOLLAR DOWN
Knight-Ridder Financial |
The U.S. dollar declined Tuesday in quiet, but erratic trading. The U.S. unit fell in early
DOW CLOSES AT RECORD 2407
Gordon Platt |
A late buying spree sent the Dow Jones average of 30 industrials up 15.81 points to a record close o
NAVY AWARDS PACT
Journal of Commerce Special |
The U.S. Navy recently awarded a $4.4 million contract to Norfolk Shipbuilding & Drydock Corp. for r
Maritime
SCHERING-PLOUGH GETS NOD ON STEROID
Journal of Commerce Staff |
Schering-Plough Corp.'s topical steroid for inflammatory skin disorders, Diprolene AF, has been appr
INTERNATIONAL EQUITY TRADING GROWS RAPIDLY
Phillip L. Zweig |
International trading in equity securities is expanding at a much faster pace than most experts real
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
PLASTICS CORNER
Journal of Commerce Staff |
Occidental Acquires Shell's VCM BusinessDARIEN, Conn. - Occidental Petroleum Corp. announced
HONG KONG AIMS TO CURB FRAUD
P.T. Bangsberg |
Some of the tight legal secrecy that now shields publicly listed companies will be relaxed as part o
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FINANCIAL BRIEFS
From Wire and Staff Reports |
Japan's Money Growth Rules Out Rate CutJapan's money supply jumped a record 10.2 percent in
COST OF CREDIT
JOC Staff |
Tue., June 16, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
WITCO INVESTS IN WHITE OIL PLANT
Journal of Commerce Staff |
Witco Corp. will install a $13 million blending, packaging and warehouse facility at the company's P
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
MAJOR UK BANK HIKES LOSS RESERVVE ACCOUNT
Janet Porter |
National Westminster, Britain's largest bank, has followed the example of several U.S. banks and sha
REPORTER'S NOTEBOOK THE 10TH PAN AMERICAN GAMES HEAD FOR THE HOOSIER STATE
Rosalind Rachid |
THE PAN AMERICAN ECONOMIC LEADERSHIP CONFERENCE precedes the 10th Pan American Games, to be held in
OXY TO UPGRADE TACOMA SODA PLANT
Journal of Commerce Staff |
Occidental Chemical Corp. will implement a $30 million membrane cell upgrade at its Tacoma, Wash., c
COMMERCIAL BANKS REBUKED ON LATIN LOSS RESERVES
Rosalind Rachid |
Commercial banks may have done themselves more harm than good when they declared a vote of no-confid
CHEMICAL MARKETS PETROCHEMICAL PRICES STABLE
Journal of Commerce Staff |
After a successful round of increases in April, prices for large volume petrochemicals in the United
ON THE MOVE NATIONAL STEEL NAMES TWO EXECUTIVE VPS
Staff Report |
National Steel Corp. named two new executive vice presidents and formed a new management committee t
MANUFACTURERS BOOSTS RESERVE
Journal of Commerce Staff |
Manufacturers Hanover Corp. said it is increasing its reserve for possible loan losses by $1.7 billi
EVEN SCIENTISTS BAFFLED BY SUPERCONDUCTIVITY
Jim Detjen |
People struggling to understand superconductivity can take heart in one simple fact: Even scientists
CAPCO TO BUILD TEREPHTHALIC ACID PLANT IN TAIWAN
Journal of Commerce Staff |
China American Petrochemical Co. and its shareholders - Amoco Chemical Co., Chinese Petroleum Corp.,
THE ECONOMY NEW HOME CONSTRUCTION FALLS 2.7 PERCENT
(Ap) |
Housing construction fell 2.7 percent in May, the third consecutive monthly decline, the government
THE ECONOMY INDUSTRIAL OUTPUT ROSE 0.5 PERCENT DURING MAY
(Ap) |
Production at the nation's factories, mines and utilities rose 0.5 percent in May, the biggest incre
WORLD AIRWAYS FORMS PARENT, MOVES TO DULLES
Dave Higdon |
The latest steps in the restructuring of World Airways brought the 30-year- old charter line under t
Air Cargo
REAGAN STANDS FIRM AGAINST TAX INCREASES
John Boyd |
President Reagan reiterated his opposition to tax hikes to curb budget deficits, but left a door jus
PAYMENTS DEFICIT DROPPED SLIGHTLY IN FIRST QUARTER
Richard Lawrence |
The U.S. payments deficit with the rest of the world receded slightly in the first quarter this year
FEEDLOTS SHOW GAINS, BUT BEEF OUTPUT DIPS
(Ap) |
Higher market prices spurred farmers and feedlot operators to boostgrain-fed cattle production this
SINGAPORE TRIMS STAKE IN NATIONAL AIRLINE
P.T. Bangsberg |
In a further privatization step, the Singapore government's industrial holding company Tuesday offer
Air Cargo
EC DEREGULATION SEEN NOT TAKING ROUTE OF US
Bill Mongelluzzo |
Europe is prepared to deregulate its airline industry, but the president of Lufthansa Airlines does
Air Cargo
JOFC NAMES LEVINSON, YENINAS TO EDITORIAL POSTS
Journal of Commerce Staff |
The Journal of Commerce announced two editorial appointments, naming Marc Levinson editorial directo
WORLD TODAY
Wire and Staff Reports |
Crude Oil Futures Continue to ClimbCrude oil futures continued to move higher Tuesday on the
TAIWAN ON COLLISION COURSE WITH US, OFFICIAL WARNS
Cristina Lee |
Taiwan is heading toward a collision with the United States if the current trade imbalance between t
SHIP SUBSIDY REFORM BLOCKED
Tim Neale |
Sen. John Breaux, D-La., chairman of the Senate Merchant Marine Subcommittee, has gone back to the d
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