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MARITIME BRIEFS
From Wire and Staff Reports |
Lykes' New Service Includes Norfolk CallsLykes Bros. Steamship Co. will call at Norfolk with
Maritime
ACADEMY CHIEF PLANS TO RETIRE
Journal of Commerce Staff |
Rear Adm. Thomas A. King, superintendent of the U.S. Merchant Marine Academy at Kings Point since 19
Maritime
MARINE POWER TUGS, BARGES TO BE SEIZED
Gloria Joseph |
Tugs and barges belonging to Marine Power & Equipment Co. of Seattle will soon be seized by a federa
Maritime
BILL MONGELLUZZO'S INSIDE TALK FROM THE WEST COAST
Bill Mongelluzzo |
THE PORT OF LOS ANGELES in December became the first in the nation without taxing authority to recei
Maritime
BRAZILIAN LINE GETS AID
James Bruce |
Brazil's financially troubled, state-owned Lloyd Brasileiro general cargo carrier will begin paying
Maritime
PROFIT DROP PROMPTS SALE
Journal of Commerce Staff |
Brougher Insurance Group Inc. is taking the global insurance market a small step forward following
EARNINGS PAN ATLANTIC PROFITS FALL
JOC Staff |
Pan Atlantic Re Inc. reported fourth quarter operating profit fell dramatically due to an extraordin
INSURANCE CALENDAR
JOC Staff |
Latest Developments in ArbitraTion and Litigation on Insurance and Reinsurance, a conference, will
INSURANCE BRIEFS
From Wire and Staff Reports |
Inadequate Coverage Big Source of ClaimsTALLAHASSEE, Fla. - Leaving clients with inadequate
STOCK MARKET RECOVERS FOOTING
RIPLEY WATSON Jr. |
The stock market recovered its footing Tuesday, recouping part of Monday's scary plunge as the dolla
PA. DEALS WITH BACKLOG IN RATE FILINGS
Journal of Commerce Special |
The state insurance department hired four private actuarial firms to help cut down on a backlog of m
RISK MANAGERS URGED TO FOCUS ON QUALITY
Journal of Commerce Staff |
Risk management is no longer a job for amateurs, the incoming president of the Risk and Insurance Ma
AUTO RATE HIKE PROBE WEIGHED
Journal of Commerce Special |
Three state Democratic senators have called for a legislative investigation into rate increases by t
VENTURE CAPITAL UNITS ARE AIDED IN TAIWAN
Don Shapiro |
To Americans venture capital might seem to embody the very soul of private enterprise but in Taiwan
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
WORLD REGULATORS MUST COOPERATE, SIR NICHOLAS SAYS
Gordon Platt |
Sir Nicholas Goodison, chairman of the London International Stock Exchange, said securities and bank
FINANCIAL BRIEFS
From Wire and Staff Reports |
Dresdner Bank Seeks Tokyo Exchange SeatDresdner Bank, West Germany's second largest credit b
COST OF CREDIT
JOC Staff |
Tuesday, March 31, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
FOREIGNERS HIKE SHARE OF US FARMS
Knight-Ridder Financial |
Foreign-owned U.S. agricultural land increased by 369,000 acres at the end of last year from the end
LIMITS PROPOSAL DUE IN SUMMER
Knight-Ridder Financial |
The Commodity Futures Trading Commission should have a new set of proposals for speculative limits f
EXPORT PICTURE CONTINUES GRIM FOR AGRICULTURE
(Ap) |
A new trade analysis by the Agriculture Department continues to offer grim tidings on agricultural e
COMMODITY BRIEFS
From Wire and Staff Reports |
Nord Will Place Stock With UK InvestorsDAYTON, Ohio - Nord Resources Corp. agreed with Klein
EXXON BUYS STAKE IN AUSTRALIAN FIELD
(Ap) |
Exxon Corp. said it will acquire a 25 percent stake in Australia's biggest onshore oil and gas produ
SIX EC COUNTRIES OPPOSE OILS, FATS TAX
Knight-Ridder Financial |
Six EC countries expressed varying degrees of opposition to the EuropeanCommission's proposa
KUWAIT PETROLEUM TO BUY BP UNIT
Knight-Ridder Financial |
Kuwait Petroleum Corp. is to buy British Petroleum's Danish subsidiary BP Olie-Kom pagniet A/S effec
PENNZOIL EXPECTS SUBSTANTIAL DROP IN EARNINGS
Kirby V. Freeman |
Pennzoil Co. expects its first quarter earnings to be down considerably, compared with the same peri
BP GROUP TO REORGANIZE HYDROCARBON BUSINESSES
Journal of Commerce Staff |
The BP Group will reorganize its hydrocarbon resource business today. BP Gas International b
SPOT PRODUCT PRICES
JOC Staff |
March 31, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
CHEVRON, NIPPON OIL IN VENTURE
Journal of Commerce Staff |
Chevron Corp., and Tokyo-based Nippon Oil Co. reached an agreement to conduct a joint venture oil ex
REFINERY RUNS SURGE 3 PERCENT
Knight-Ridder Financial |
Cash prices for heating oil followed a slow, downward trend last week, a pattern likely to continue
ENERGY BRIEFS
From Wire and Staff Reports |
Union Pacific, PdVSA Agree to PartnershipUnion Pacific and Petroleos de Venezuela S.A., the
PATENT OFFICE STALLS UNSTOPPABLE ENERGY MACHINE
Billy Bowles |
A mechanical engineer with the Mississippi Bureau of Geology calls Joe Newman's invention "probably
WORLD TODAY
From Wire and Staff Reports |
Elizabeth Dole Scored WASHINGTON - Rep. Norman Mineta, chairman of the House Aviation Subcom
SEATRAIN PLAN GETS APPROVAL FROM COURT
Mark Magnier |
Seatrain Lines Inc. said its latest reorganization plan was confirmed by the U.S. Bankruptcy Court,
UK POISED TO RETALIATE AGAINST JAPAN
Bruce Barnard |
The British Cabinet will discuss possible retaliatory measures against Japan Thursday, over Japan's
VENEZUELAN TOW TRAINEES 'TRUE PIONEERS' OF RIVER
Marie Prat |
The mighty Mississippi River was their classroom; now the wild Orinoco River will test the skills le
MORE P/C INSURERS SHOW WEAKNESS IN TEST
James Nolan |
Based on their 1985 financial statements, 37 percent of the nation's major property/casualty insuran
PANEL FIGHTS TO RETAIN SHIPPING AID
Tim Neale |
The new chairman of the Senate Merchant Marine Subcommittee vowed Tuesday to fight Reagan administra
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