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GM PROFIT FALLS
(Ap) |
General Motors Corp.'s fourth quarter profits plummeted to a level 69.5 percent below those reported
NEWS SUMMARY
JOC Staff |
GENERAL NEWS What's good for General Motors is good for the country. Page 2AGeneral Motors
LEE IACOCCA TO CONTINUE AT CHRYSLER
(Ap) |
Lee A. Iacocca accepted an offer from Chrysler Corp.'s board of directors to remain chairman of the
CORRECTION
JOC Staff |
John A. Georges, chairman and chief executive officer of International Paper Co., was elected a dire
US CAR OUTPUT UP THIS WEEK
(Ap) |
U.S. automakers scheduled the assembly of 175,221 cars in domestic factories this week, Ward's Autom
NEWS SUMMARY
JOC Staff |
GENERAL NEWSA congressional commission on small business urged tax incentives and other inno
JAPANESE BATTLE RATE INCREASES
A.E. Cullison |
The Japan Shippers Council will keep pressing two eastbound steamship freight rate conferences to po
Maritime
PANEL TO ARBITRATE OIL IMPORT TAXES
Journal of Commerce Special |
The United States bowed to demands from Canada, the European Community and Mexico over Washington's
JAPANESE SUBMERSIBLE ROBOT WILL EXPLORE FOR OIL AND GAS
John Davies |
One of Japan's leading builders of offshore oil platforms will look for evi dence of oil and gas ne
EC THREATENS TO FINE HOECHST, SUE W. GERMANY
Wire And Staff Report |
The European Community has threatened to fine Hoechst AG, the West German chemicals giant, 1,000 Eur
CORRECTION
JOC Staff |
In the Jan. 30 editions of The Journal of Commerce, the data in the key of a graphic entitled Trade
MCDONALD'S REOPENS UNITS IN SAO PAULO
James Bruce |
The golden arches of McDonald's fast food restaurants were back in business Wednesday after shutting
FOREIGN HEADLINES
From Wire and Staff Reports |
Canada Considers Bans DACCA, Bangladesh - Canada is prepared to break off diplomatic and eco
BONN RESISTS US PRESSURE OVER AIRBUS
Jess Lukomski |
Senior U.S. officials and and their German counterparts failed to bridge the differences over commer
BIG REDUCTIONS IN BUDGET DEFICIT WON'T BE EASY
John Boyd |
Large reductions in the budget deficit won't come easily, an annual report to Congress on options fo
THE ECONOMY
From Wire and Staff Reports |
Big Three Cars Sales Plunged in Late JanuaryLate-January car sales by the nation's Big Three
GEORGES ELECTED NY FED CHAIRMAN
Journal of Commerce Staff |
John A. Georges, chairman and chief executive officer of International Paper Co., was elected a dire
USX WON'T RESTART FOUR STEEL PLANTS
(Ap) |
USX Corp. Chairman David Roderick said that all or part of four steel plants employing 3,700 people
STEEL QUOTA BILL BACK IN CONGRESS
Journal of Commerce Staff |
Lawmakers from steel states reintroduced legislation to get Canada, Taiwan and Sweden to cut back vo
WORLD TODAY
From Wire and Staff Reports |
Dock Accord in Quebec MONTREAL - The International Longshoremen's Association and maritime e
SURPRISE SURGE IN TRUCK SALES SPURS OPTIMISM ABOUT '87
Michael S. Lelyveld |
A surprise surge in orders for heavy trucks is sparking industry forecasts of a long-awaited turnaro
DOLLAR CONTINUES ERRATIC PATTERN
Knight-Ridder Financial |
The U.S. dollar continued its erratic, zigzag pattern Wednesday but had a slightly firmer tone again
WATERMAN ASKS COURT TO BAR DOT ACTION
Robert F. Morison |
Waterman Steamship Corp. asked the U.S. District Court here to prohibit the Department of Transport
OIL ISSUES PACE STOCK RALLY
Gordon Platt |
Stocks rose smartly in active trading Wednesday, with gains in energy and airline issues leading the
TOKYO REVEALS PLAN TO COOL NTT FEVER
A.E. Cullison |
The Tokyo Stock Exchange moved to head off anticipated heavy speculation in shares of Nippon Telegra
FINANCIAL BRIEFS
From Wire and Staff Reports |
List of Problem Banks Has Stopped GrowingThe number of U.S. banks on the Federal Deposit Ins
MEXICO PLANNING BANK STOCK 'SALE'
WILLIAM A. ORME Jr. |
The Mexican government is selling minority shares in Mexico's biggest state- run banks Friday in an
GLOBAL SUGAR PRICE HIKE SEEN LIKELY
Knight-Ridder Financial |
Sugar prices are expected to rise today here and elsewhere, following news representatives of major
MEXICO'S DEBT CRISIS 'BOUND TO CONTINUE'
Journal of Commerce Staff |
Mexico's debt crisis "is bound to continue" and "at some point in the not too distant future, Mexico
COMMODITY BRIEFS
From Wire and Staff Reports |
Argentine Corn Output Predicted to DecreaseExportable supplies of Argentine corn could fall
WHERE'S THE BEEF? NOT HERE, STUDY SAYS
JOC Staff |
A marketing expert says the average American is eating 26 percent less fat each day from retail cuts
5 AFRICAN NATIONS NEED FOOD AID
(Ap) |
Africa reaped a record grain harvest in 1986, but five countries still need emergency food aid and l
CATTLE FUTURES CHANGES LOOM
Bob Burgdorfer |
It was evident at the National Cattlemen's Association Convention last week in Reno, Nev., that Chic
ON THE MOVE
JOC Staff |
AFCO Credit Posts SeveralPromotionsAFCO Credit Corp. named Steven I. Orlowski execut
VISTA ACQUIRES PVC BUSINESS
Journal of Commerce Staff |
Vista Chemical Co. completed its acquisition of the U.S. polyvinyl chloride compound business of BP
PLASTICS CORNER
Journal of Commerce Staff |
Owens-Corning Completes SaleOf DivisionTOLEDO, Ohio - Owens-Corning Fiberglas Corp.
PIPE BREAKS WORRY UTILITIES
(Ap) |
The miles of pipes threading through aging U.S. power plants have become a safety worry for utility
PEABODY TO BUY COAL PROPERTIES FROM EASTERN GAS
Journal of Commerce Staff |
Peabody Holding Co. signed an agreement in principle to acquire all the coal properties of Eastern G
ENERGY BRIEFS
From Wire and Staff Reports |
Coal Mine Explosion Kills 17 in PolandWARSAW, Poland - An explosion of methane gas tore thro
TRAFFIC BRIEFS
Wire and Staff Reports |
Conrail Expands System For Lumber in Pa., NYConsolidated Rail Corp. has expanded its lumber
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