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HOME SALES SLIPPED 1.4 PERCENT
(Ap) |
Sales of existing homes edged down 1.4 percent in April, a private real estate group said. T
JAPAN'S NET FOREIGN ASSETS SOAR
A.E. Cullison |
Japan's net foreign assets skyrocketed to an unprecedented high of $180.4 billion last year, officia
TECHNIQUE EXPEDITES HONG KONG PORT JOB
P.T. Bangsberg |
One of two major projects to expand Hong Kong's containerport is running ahead of schedule, thanks t
US SPRINT BETS ON FIBER OPTICS
Chicago Tribune |
Charles Skibo, the president of US Sprint Communications Co., is riding on a lightwave of optimism t
US JONES ACT HIT IN CANADA
Leo Ryan |
Quebec Foreign Trade Minister Pierre MacDonald struck out against the Jones Act, which limits U.S. d
Maritime
BRAZIL MAY NEED $7 BILLION IN '87
James Bruce |
Unconfirmed central bank reports indicate Brazil will need $7 billion worth of new loans or refinanc
SEARLE LICENSES NEW DRUG FROM JAPANESE COMPANY
Journal of Commerce Staff |
G.D. Searle & Co. has licensed a new drug from Hokuriku Seiyaku of Japan that will compete in the gr
TRUCKING BRIEFS
From Wire and Staff Reports |
TNT to Purchase Red Star Express LinesDes Plaines, Ill.- TNT Limited, one of the world's lar
Trucking News
SENATOR SAYS US WON'T PUT UP WITH ARMED RAIDS ON ITS SHIPS
(Ap) |
A U.S. senator investigating Iraq's raid on the USS Stark said the United States will not tolerate a
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1079.0 (May 26) Previous day - 1083.5 The Baltic International Freight Futures Exchange in L
Maritime
BATAM ISLAND LURES US INVESTORS
Gordon Platt |
Indonesia has spent $200 million since 1979 to develop the infrastructure of Batam Island, a free tr
Maritime
FORCES FOSTER MANY CHANGES IN MARINE MART
Journal of Commerce Special |
The continued depression in the shipping industry, changes in world trading patterns and increased c
ENERGY BRIEFS
Wire and Staff Reports |
OPEC Chief Says Oil Stable at $18 a BarrelLAGOS, Nigeria - The Organization of Petroleum Exp
US, CHINA READY 1ST COPTER PLANT
P.T. Bangsberg |
The first Sino-American joint venture to manufacture helicopters should begin production next month,
Maritime
EXPORT BRIEFS
Wire and Staff Reports |
Commerce Fines Illinois Firm $41,500The Commerce Department imposed a $41,500 civil penalty
Maritime
CEREMONY SALUTES SAILORS LOST AT SEA
James Nolan |
The saluting cannon sent its sharp report across the East River from a pier head in the old Brooklyn
Maritime
INVESTOR GROUP PLANS TO TAKE OVER ALLEGIS
(Ap) |
An investor group led by Coniston Partners said it had acquired a 13 percent stake in Allegis Corp.,
Air Cargo
MEXICO MAY WIDEN DEBT SWAP PROGRAM
WILLIAM A. ORME Jr. |
Mexican finance officials said they are designing mechanisms to allow Mexican nationals to participa
COMP COST HIKE OPPOSED
(Ap) |
California employers are opposing a new request for a 12.2 percent rate increase for state workers c
CHINA EXPERIMENTING WITH BANKRUPTCY
Noel Fletcher |
The auctioneer's hammer is falling on debt-ridden companies in Liaoning as the Chinese experiment wi
BLANCHARD PREDICTS $700 PLATINUM BY JULY
Journal of Commerce Staff |
Platinum prices should top $700 an ounce by July, according to James U. Blanchard, chairman of Blanc
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
BOFA MAY SEEK HELP FROM JAPANESE BANKS
A.E. Cullison |
BankAmerica Corp. Chairman A.W. Clausen will seek Japanese financial assistance next week for fundin
MARITIME BRIEFS
From Wire and Staff Report |
Freight Conference Files Tariff with FMCThe U.S. Atlantic-North Europe Freight Conference ha
Maritime
COLOMBIA MAY FACE CRACKDOWN BY FMC
Robert F. Morison |
The U.S. Federal Maritime Commission warned Colombia that its major carrier, Flota Mercante Grancolo
Maritime
FAA APPROVES PLAN TO CHART ROUTES
(Ap) |
The Federal Aviation Administration has approved a plan to chart recommended arrival and departure r
Maritime
EC HAS HAD ENOUGH, WARNS JAP AN ON TRADE
Bruce Barnard |
The European Community is taking action to trim its soaring trade deficit with Japan and nip in the
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Mitsubishi Computer Planned for Space UseMitsubishi Electric Corp., a leading Japanese elect
Maritime
MANAGING BENEFITS & HEALTH CARE GETTING TO THE HEART OF RETIREMENT PLANNING
Larry Fish |
Once the paychecks stop coming, will your retirement income be enough for you to live on - indefinit
$4.5 MILLION AWARDED IN MISS.
(Ap) |
A Mississippi child who suffered extensive brain damage when she was two days old and hospitalized f
BOEING, JAL TO SPLIT COMPENSATION PAYMENTS
(Ap) |
Insurance companies for Boeing Co. and Japan Air Lines have agreed that the aircraft maker will pay
BENEFICIAL CORP. SELLS INSURANCE OPERATIONS
Journal of Commerce Staff |
First Delaware Holdings Inc. said it completed the acquisition of American Centennial Insurance Co.
TENNECO, ECUADOR ENTER AGREEMENT
Journal of Commerce Staff |
Tenneco Oil Exploration & Production Co. will begin a $30 million exploration program in Ecuador's e
JAPANESE RESUME OPEC CONTRACTS
Knight-Ridder Financial |
Japanese oil and trading companies have resumed signing long-term crude oil import contracts with OP
JAPANESE PANEL ADVISES END TO GASOLINE CURBS
Knight-Ridder Financial |
An advisory panel to Japan's International Trade and Industry Minister Hajime Tamura called for the
SAUDI CONSTRUCTION RETURNS TO ROOTS - AND MUD
Juan O. Tamayo |
The mosque sits on the edge of a dry gulch, a squat, fortress-looking building with a stubby, square
CON ED CHIEF SEES DILEMMA FOR UTILITIES
Journal of Commerce Special |
The growing cost of power plant construction and the layers of regulations for plant approval are cr
C-E WINS PACT FOR PA. PLANT
Journal of Commerce Staff |
Combustion Engineering announced it was awarded a $34 million contract to supply steam generating an
ECOLAB PLANS SALE OF CLEANSER BUSINESS
(Ap) |
Ecolab Inc. has agreed to sell its worldwide consumer businesses to a West German company for $242.5
Maritime
CHEMICAL MARKETS HOLTRACHEM HIKES CAUSTIC SODA PRICES
Journal of Commerce Staff |
HoltraChem Inc. announced an increase of up to $30 a dry short ton on its off schedule prices for li
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