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NEWS SUMMARY
JOC Staff |
GENERAL NEWSThe Journal of Commerce price index for industrial materials points to more infl
Maritime
JOFC INSURANCE EDITOR DIES
Journal of Commerce Staff |
Alan J. Herbert, insurance editor at The Journal of Commerce, died Saturday, Feb. 28. He was 55.
CREDITOR BANKS START TALKING WITH PHILIPPINES ON REPAYMENTS
(Ap) |
A Philippine delegation began informal meetings Monday with creditor banks prior to what are expecte
Maritime
WORLD TODAY
From Wire and Staff Reports |
Aircraft Purchase Eyed NEW YORK - American Airlines, having just negotiated a three-year con
CHINESE TRADE OFFICE OPEN IN SAN FRANCISCO
Journal of Commerce Staff |
With champagne and sprays of flowers, the mayor of San Francisco and the deputy governor of Guangdon
Maritime
SEOUL PARES INVESTMENT INCENTIVES
P.T. Bangsberg |
New regulations issued by South Korea mean a sharp curtailing of incentives to foreign investors and
Maritime
PLAN URGED TO PROTECT US FLEET BILL WOULD EMPOWER FMC TO INVESTIGATE FOREIGN RESTRICTIONS
Robert F. Morison |
The chairman of the House Merchant Marine and Fisheries Committee proposes a tough, new approach to
WAR AGAINST SANCTIONS GOES UNDERGROUND IN SOUTH AFRICA
Tony Koenderman |
Six months ago, South African newspapers were carrying a growing number of small advertisements plac
JAPAN EXPANDS ROLE ON INTERNATIONAL SCENE
(Ap) |
Following a path set by their economic power, Japanese leaders are branching out into new corners of
Maritime
US ASKS JAPAN TO LIFT FARM PRODUCT CURBS
A.E. Cullison |
A senior Reagan administration official asked Japan to remove restrictions on farm product imports o
Maritime
SELECTION OF BAKER COULD AFFECT SHAPE OF BUSINESS LEGISLATION
A Staff Report |
President Reagan's selection of former Republican Senate leader Howard Baker to be his new chief of
INDEX SEES INFLATION PRESSURES GROWING
John Boyd |
Recent price movements of industrial raw materials point to more consumer inflation ahead but probab
CHINA'S PILOT CITIES BOOST INDUSTRIAL PRODUCTION
(Ap) |
Seventy-four pilot cities empowered to streamline their administrations, invigorate enterprises and
Maritime
POWER PLAN WORRIES COAST PORTS PROPOSAL REQUIRES SHORESIDE USE IN S. CALIFORNIA
Bill Mongelluzzo |
Southern California's maritime community is worried about a proposed requirement that most ships ber
STOCKS WEAK IN MARCH TRADING
RIPLEY WATSON Jr. |
The stock market began March trading more like a lamb than a lion Monday, wavering uncertainly betwe
ANALYSTS SAY MARKET FEARS INTERVENTION
Alan Zimmerman |
Foreign exchange analysts claim the currency market, fearing central bank intervention, has been int
GANDHI'S BUDGET DRAWS CRITICISM
Neel Patri |
Prime Minister Rajiv Gandhi's maiden budget prompted a sharp fall on Indian stock markets and wides
Maritime
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
SHAKEOUT HITS AIR FREIGHT, PACKAGE FIELD
Kevin D. Thompson |
The takeover of financially ailing Purolator Courier Corp. by an E.F. Hutton Group subsidiary and th
CHINESE ENTREPRENEUR RESTRUCTURES EMPIRE
P.T. Bangsberg |
One of the colony's most aggressive Chinese entrepreneurs, with record profits for his two primary v
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 |
Bond Brokerage Stake Sold to British GroupThe Bank of New York Co. and the management group
COST OF CREDIT
JOC Staff |
Monday, March 2, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
UK TYCOON EYES GLOBAL COMMUNICATIONS EMPIRE
(Ap) |
Robert Maxwell, Britain's Socialist tycoon, is reaching out through takeovers in a multibillion-doll
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
CME EXPELS TWO MEMBERS FOR TRADING VIOLATIONS
(Ap)) |
Two members of the Chicago Mercantile Exchange have been expelled for trading violations, while thre
COLOMBIA UNVEILS COMPROMISE PLAN AT COFFEE TALKS
Knight-Ridder Financial |
Producer members of the International Coffee Organization are discussing Colombia's compromise plan
US AID URGED IN TIN RECOVERY
P.T. Bangsberg |
The United States has a pivotal role to play in restoring the price of tin to acceptable levels, the
COMMODITY BRIEFS
From Wire and Staff Reports |
CSCE Revises Margins For Coffee ContractsThe Coffee, Sugar and Cocoa Exchange is revising it
SPOT PRODUCT PRICES
JOC Staff |
March 2, 1987 U.S. spot oil products price indications, sellers range, in cents per gallon,
FARMLAND ENDS MERGER TALKS
Knight-Ridder Financial |
Farmland Industries Inc. announced it had broken off merger/consolidation talks with Land O'Lakes an
SPOT OIL PRICES FALL IN EUROPE
Journal of Commerce Staff |
European spot oil prices tumbled below $16 a barrel Monday, reversing last week's rally, in spite of
NORTHWEST NATURAL PUMPS GAS BACK UNDERGROUND
Journal of Commerce Special |
For the first time in its history, Portland-based Northwest Natural Gas Co. has started pumping gas
ENERGY BRIEFS
From Wire and Staff Reports |
Canadian Companies Reduce Oil PostingsCALGARY, Alberta - Petro-Canada and Shell Canada Ltd.
SUN UNIT TO EXPLORE OFF GABON
Journal of Commerce Staff |
A Sun Co. subsidiary will open an operations office in Libreville, Gabon, and begin offshore explora
CONSULTANT SAYS BOSTON ED NEEDS NEW CHIEF OFFICER
Journal of Commerce Special |
The chairman of the Massachusetts Public Utilities Commission says Boston Edison Co. needs a new chi
NIGERIA PROCEEDS WITH PLANS FOR LNG PROJECT
Howard Schissel |
Nigerian officials are forging ahead with plans for a scaled-down $4 billion liquefied natural gas p
UTILICORP ACQUIRES W. VIRGINIA UTILITY
Journal of Commerce Staff |
UtiliCorp United has closed its acquisition of West Virginia Power from Dominion Resources for appro
SUN TO LOSE PIGMENT PLANT IN FRANCE
Journal of Commerce Staff |
Sun Chemical Corp. will lose its leased pigments manufacturing facility in Huntingue, France, and is
PLASTICS CORNER
JOC Staff |
ICI to Boost Capacity For Resins at NC PlantICI Americas Inc. announced a multimillion-dolla
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