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MARITIME BRIEFS
From Wire and Staff Reports |
Ship Hits Scaffolding On Brooklyn BridgeThe Brooklyn Bridge was briefly closed to Manhattan-
Maritime
RYDER SYSTEM ENJOYING STRONG BUSINESS SURGE
Leo Abruzzese |
Record revenue from full service truck leasing is spearheading a generally strong business surge for
IMPORT BRIEFS
From Wire and Staff Reports |
Toshiba America Seeks To Expand Role in USIRVINE, Calif. - John Rehfeld, vice president and
Maritime
25 PERCENT OF FIRMS LOSING MONEY IN CHINA
(Ap) |
Nearly one out of every four state enterprises in China lost money in the first quarter of the year,
Maritime
JAMAICA PUSHES HORTICULTURE IN US, INTERNATIONAL MARKETS
Journal of Commerce Staff |
The government of Jamaica is touting the Caribbean island as a potentially important supply base for
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWS Expanded patent protection for U.S. companies won approval from a Senate Judici
BANKING GROUP ELECTS OFFICIALS
JOC Staff |
The Banker's Association for Foreign Trade, elected Anthony L. Furr of First Wachovia Corporate Serv
AT&T PLANNING 4.8 PERCENT RATE CUT
(Ap) |
American Telephone & Telegraph Co. announced plans to cut its long-distance rates by about 4.8 perce
MEXICO SHUNS BUYERS TO PROP UP OIL PRICES
WILLIAM A. ORME Jr. |
Mexico has been spurning potential oil sales in conjunction with the Organization of Petroleum Expor
GROUP BACKS PLAN TO REOPEN REFINERY
Journal of Commerce Staff |
The Houston businessman who wants to reopen the former Exxon Corp. refinery on Aruba received Wednes
GASOLINE, FUEL OIL STOCKS STILL SHOWING DECLINE
Journal of Commerce Staff |
Gasoline and distillate oil inventories continued to decline, according to the American Petroleum In
THOUGHTS OF A USER-FRIENDLY WINE SNOB
Leo Ryan |
How do you react if a chap at an adjoining table in a restaurant starts commenting on a glass of win
ALLIANCE NAMES NEW CHAIRMAN
Journal of Commerce Staff |
Clifford H. Whitcomb was elected chairman of the Alliance of American Insurers for the 1987-88 term.
SAUDI ARABIA OPENS STOCK TRADING FLOOR
(Ap) |
Saudi Arabia this week began operating a stock trading floor, described by financiers as a landmark
HONG KONG'S BANKS REBOUND
P.T. Bangsberg |
The local banking sector appears to have recovered from a two-year battle against sluggish growth an
NEW RULES TO AID HEAVY TRUCK SALES?
Michael S. Lelyveld |
The effects of recent regulatory changes may help to brighten the long-term outlook for sales of hea
ENERGY BRIEFS
Wire and Staff Reports |
Diablo Canyon Unit 1 Expected at Full PowerSAN LUIS OBISPO, Calif. - The Unit 1 reactor at D
INCOME INCREASES AT CIRCLE EXPRESS
JOC Staff |
Circle Express Inc. of Indianapolis reported net income of $837,000, or 18 cents a share, on revenue
ON THE MOVE UTILITY MOVES TOP OFFICIALS UP A NOTCH
Staff Report |
Puget Sound Power & Light Co. promoted several executives. The utility elected John W. Ellis chairma
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled to arrive in the United States. The Journal of Commerc
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Crown Zellerbach Sets Move Across the BayOne of the city's oldest companies, Crown Zellerbac
Maritime
CHINA PLANS LOW-INTEREST MORTGAGES
(Ap) |
Reforms to allow the first low-interest mortgages in China to encourage people to buy their own home
Maritime
MANAGING BENEFITS & HEALTH CARE METLIFE ENTERS NY-NJ ARENA
From Wire and Staff Reports |
MetLife HealthCare Network, part of the Metropolitan Life Insurance Co., has taken the first step in
NY UNIT QUERIES TUNNEL'S SAFETY
(Ap) |
The Urban Mass Transportation Administration raised questions about the safety of the ventilation sy
FMC REFERS TARIFF ISSUE TO CONGRESS
Robert F. Morison |
The Federal Maritime Commission gave up a two-year effort to clarify tariff- filing issues involving
Maritime
FRENCH COMPANY TO CLOSE MINES
Howard Schissel |
France's state-controlled coal company, Charbonnages de France, is accelerating a plan to close down
EARNINGS FALL FLAT FOR NOVO
Journal of Commerce Staff |
Novo Industri A/S, based in Bagsvaerd, Denmark, reported flat first quarter net income of 122 millio
BOEING: LOAN TO UAL CEMENTED JET DEAL
Gloria Joseph |
Boeing officials say the only way it could sell 36 jetliners for $2.1 billion to its largest custome
MEXICANS CHALLENGE CONTROL OF PORTS
WILLIAM A. ORME Jr. |
Business groups are being rebuffed in their quest for private managementof Mexico's ports, but the d
Maritime
EARLY MAY SALES OF US CARS FELL 28.5 PERCENT FROM '86
(Ap) |
Early May sales of domestic cars fell 28.5 percent from the same period a year ago, while combined s
WHY US BANKING LAWS ARE IN NEED OF REFORM
William Armbruster |
U.S. financial institutions will have a hard time competing in the global capital market unless this
JAPANESE SALES TAX PLAN SCRAPPED
(Ap) |
A sales tax plan blamed for local election setbacks to Prime Minister Yasuhiro Nakasone's ruling par
Maritime
PETROLEUM HEAT REPORTS HIGHER NET
Journal of Commerce Staff |
Petroleum Heat and Power Co. reported first quarter net income increased to $11.0 million, or 74 cen
INSURER, BUSINESS LEADERS DEBATE DEPTH OF CRISIS
Leah R. Young |
The litigation explosion in certain trendy fields has affected the availability of insurance in thos
US WARNS JAPANESE ON AIRPORT COMMITMENT
A.E. Cullison |
The Reagan administration hopes Japan intends to honor its promises to provide "fair, open and trans
Maritime
EXPORT BRIEFS
From Wire and Staff Reports |
GTECH Signs Pact For Lottery TerminalsPROVIDENCE, R.I. - GTECH Corp. said it signed an agree
Maritime
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
COST OF CREDIT
JOC Staff |
Wed., May 13, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
DOT TO DELAY MERGER DECISION
Journal of Commerce Staff |
The Transportation Dept. is not expected to decide until December whether to approve the $1.65 billi
EPA REMINDS CHEMICAL FIRMS OF NOTIFICATION REQUIREMENTS
Journal of Commerce Staff |
The U.S. Environmental Protection Agency is reminding chemical companies handling certain extremely
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