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TAX ADVANTAGE PRESERVED FOR INSURANCE COMPANIES
Leah R. Young |
The Supreme Court preserved the insurance company tax advantage that leads many companies to purchas
SELF-INSURANCE MAY BE RX FOR FLA. MAL PRACTICE ILLS
C.A. Carpenter |
Florida Insurance Commissioner Bill Gunter is proposing a mandatory self- insurance pool for the sta
POSTAL WORKERS SEEK MAJOR WAGE HIKES
(Ap) |
Opening the nation's largest round of labor negotiations this year, unions representing more than 60
AUSTRALIAN DOLLAR KEEPS SLIDING
Knight-Ridder Financial |
The Australian dollar fell to 69.80 U.S. cents Wednesday, as local importers rushed to sell.
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Japan to Halve Duty On Chocolate ImportsJapan will cut its import duty on chocolate from the
Maritime
TRANSPORT EARNINGS
JOC Staff |
Earnings Jump At Union PacificUnion Pacific Corp. reported first quarter earnings increased
OSAKA SET TO TRADE STOCK FUTURES
Journal of Commerce Special |
Osaka Stock Exchange will start trading in stock futures June 9, an exchange official said Wednesday
JAPANESE BROKERAGES PROBED
(Ap) |
The nation's two largest futures exchanges say they are studying the possi bility of improper tradin
PROVIDENCE ENERGY INVESTS IN GAS PIPELINE PROJECT
Journal of Commerce Staff |
Providence Energy Corp. announced plans to participate in the preliminary phases of the Champlain Pi
ABELY TO GET BONUS OF OVER $1 MILLION
Mark Magnier |
According to documents filed by Sea-Land Corp., retiring Joseph F. Abely Jr. will receive $1,150,000
Maritime
NEWS SUMMARY
JOC Staff |
GENERAL NEWS Unions representing more than 600,000 postal workers told the U.S. Postal Servi
Maritime
APPROVAL SEEN FOR GEPHARDT TRADE RIDER
Helen Ericson |
Speaker Rep. Jim Wright, D-Texas, predicted the House will approve a trade bill amendment requiring
CHINESE OFFICIAL URGES MORE LIBERAL US TRADE
(Ap) |
China's top trade official has urged the United States to continue liberalizing its technology expor
Maritime
CHEMICAL MARKETS BASF BOOSTS PRICE OF ETHYLENE OXIDE
Journal of Commerce Staff |
BASF Corp. announced it is raising the invoice price for purified ethylene oxide by 2 cents a pound
INDIA'S RAIL SYSTEM TO SEEK GLOBAL BIDS
Neel Patri |
State-operated Indian Railways will soon invite international bids for the latest technology in trac
UK BUSINESS FAILURES DECLINE 8 PERCENT
Edwin Unsworth |
Evidence of the continuing recovery of the British economy comes from figures published by Trade Ind
Maritime
CHINESE FIRM ON PORT PLANS
P.T. Bangsberg |
Despite a sharp clamp on infrastructure spending generally, China's plans to improve a number of its
Maritime
TODD YARD IN SEATTLE LAYS OFF 275
Gloria Joseph |
One-fourth of the workers are being laid off at the Seattle division of financially troubled Todd Sh
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Propeller Club Slates Convention EventsNeil L. Frank, director of the National Hurricane Cen
Maritime
DURABLE GOODS ORDERS JUMP
John Boyd |
New orders for durable goods from U.S. manufacturers rose strongly in March, led by a jump in milita
TRUCK BUILDERS WORRIED BY CLASS 7 SALES DROP
Michael S. Lelyveld |
Analysts are asking three questions about what may be a billion-dollar blunder for the heavy truck
PLASTICS CORNER
Journal of Commerce Staff |
Kaneka Texas Hikes Prices for ModifiersKaneka Texas Corp. will increase prices for all its m
PHONE CALLS RELIEVE WORRIES ON SANCTIONS
John Davies |
Two Silicon Valley companies that had worried because they might face hundreds of layoffs and more t
Maritime
TASK FORCE MEETING SET ON AIR TRAFFIC CONTROL
Tim Neale |
A group of 18 air traffic controllers and control tower supervisors will begin a series of meetings
GOVERNMENT HAS NO PLANS FOR DEBT RESTRUCTURING
(Ap) |
Indonesia has no plans to reschedule its $33 billion debt, said J.B. Sumarlin, state minister for na
Maritime
INDONESIA SLASHES TRADE SURPLUS
P.T. Bangsberg |
Hard-pressed Indonesia, suffering from low oil prices, saw its trade surplus more than halved last y
Maritime
EPA PROPOSES TIGHTER CONTROLS ON COKE OVENS
Tim Sansbury |
Things don't go better with coke ovens, the Environmental Protection Agency says. The agency
EATON CORP. DENIES REPORT OF JOINT VENTURE WITH ZF
Michael S. Lelyveld |
Officials at Eaton Corp. say there's no truth to a rumor circulating in the heavy truck industry tha
TAIWANESE TEXTILE FIRM MAY MANUFACTURE IN US
P.T. Bangsberg |
A major Taiwan textile company is reportedly eyeing the Carolinas as a venue for a U.S. manufacturin
Maritime
CHINA ISSUES NEW VISA TO REPLACE BOGUS DOCUMENT
Rose A. Horowitz |
U.S. importers continue to recount a tale of woe about their shipments from China. For some,
Maritime
CANADIANS PESSIMISTIC ON OUTLOOK FOR FARMING
(Ap) |
Canada's 18 percent cut in grain prices this year is "another blow," Bruno Friesen of the Alberta Wh
Maritime
NRC TURNS DOWN SEABROOK REQUEST
Journal of Commerce Staff |
The U.S. Nuclear Regulatory Commission Wednesday denied a bid for a one-mile emergency evac uation p
NY GASOLINE PRICES TAKE SPRING BREAK
Journal of Commerce Staff |
Across-the- board declines in gasoline prices gave motorists a welcome springbreak during th
ENERGY BRIEFS
From Wire and Staff Reports |
BP Shareholders Approve AcquisitionShareholders of the British Petroleum Co. PLC voted to ap
STEEL PRODUCTION RISES
(Ap) |
Steel production rose to 1.727 million tons in the week ended April 18, an increase of 1.6 percent f
MET LIFE SUES DOCTOR UNDER RICO LAWS
Journal of Commerce Special |
A doctor who runs a string of suburban allergy clinics has been sued under federal racketeering laws
FINANCIAL BRIEFS
From Wire and Staff Reports |
Longer Jail Terms Urged by GiulianiInsider trading can be deterred if the risk and consequen
TAKEOVER BID PUTS JAPAN FUND IN THE SPOTLIGHT
(Ap) |
Thanks to a recent takeover bid, a quiet corner of the financial world is getting some unaccustomed
MIG FIGHTERS GET CLEARANCE FOR RESTORATION
John Davies |
When the first of a dozen Soviet-built MiG fighters landed, Al Redick realized he was in for a fight
Maritime
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