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TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSKnight-Ridder Inc. agreed to acquire the State-Record Co., a South Carolina news
MM&P'S PORT OFFICE UNDER INVESTIGATION
Journal of Commerce Staff |
San Francisco's district attorney is investigating whether a maritime union has been getting free r
Maritime
S. KOREAN YARDS REVIEWING POLICY SHIPBUILDERS APPEAR READY TO CHANGE AGGRESSIVE STANCE
Janet Porter |
South Korean shipbuilders appear ready to raise prices and cooperate with other countries in reducin
Maritime
UK AIRLINE STOPS HIRING ON SEX-BASE
(Ap) |
Dan-Air, Britain's second-largest airline, was told its refusal to hire men as cabin attendants is s
KUWAIT TO SELL ITS GASOLINE TO UK DRIVERS
Bruce Barnard |
Kuwait will be the first member of the Organization of Petroleum Exporting Countries to sell gasolin
RI MEDICAL JUA SEEKS RATE HIKE 9 SMALL HOSPITALS MAY FACE 68 PERCENT INCREASE IN PREMIUMS
TOM McNIFF Jr. |
The Rhode Island Medical Malpractice Joint Underwriting Association wants state approval for an aver
NUCLEAR ACCIDENT TREATY IN EFFECT, UN AGENCY SAYS
(Ap) |
A 58-country treaty calling on nations to report nuclear accidents to their neighbors went into effe
NY DIRECTOR SEES LOWER LABOR COSTS
Edwin Unsworth |
The director of the Port Authority of New York and New Jersey predicts the current International Lon
Maritime
SAUDI ARABIA OFFERS DISCOUNTS SOURCES SAY PRICE CUTS OFFERED ON NET-BACK DEALS
Knight-Ridder Financial |
Saudi Arabia has offered discounts of 35 cents to 50 cents a barrel on outstanding net-back contract
COST OF CREDIT
JOC Staff |
Tuesday, October 28, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
APPEALS PROCEDURE UNDER WAY IN FLORIDA
Alan Herbert |
The appeals procedure has begun in Florida as the insurance industry continues its attempts to overt
BRAZIL ACCEPTS USED GOODS INVESTORS EXPECT TO BENEFIT FROM MARKET OPENING
James Bruce |
Several Brazilian industries plan to take advantage of the country's recent lift of a ban on importi
Maritime
BANKS FEEL URGE TO MERGE
John Davies |
Bankers, like players in the World Series, face growing pressure to either try to hit a home run and
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
ACHILLE LAURO SUITS RETURNED TO STATE COURT
(Ap) |
A federal judge returned to state court two lawsuits filed by passengers of the hijacked Achille Lau
OIL WORLD FORECASTS DROP, THEN RALLY IN SOYBEAN PRICES
Knight-Ridder Financial |
A fall in the price of soybeans and vegetable oils is likely before prices begin to rise again, the
STUDY SEES US-JAPANESE TRADE WAR
(Ap) |
The United States and Japan face a head-on collision over trade unless each nation changes its funda
Maritime
DISMEMBERMENT OF THE JNR
Lewis M. Simons |
Despondent because he expected to lose his job when the Japan National Railway is broken up into pri
OIL TO DICTATE BANK LOAN PACKAGE FOR ECUADOR
Gordon Platt |
The New York branch of Banque Paribas of France announced an inno vative revolving credit facility f
REVISED LAW TO AID FARMERS
(Ap) |
President Reagan signed a major change in the nation's bankruptcy law that backers said will give ne
FRANCE, NORWAY AT ODDS
Howard Schissel |
France and Norway are locked in a high stakes tug-of-war involving the future of the multibillion do
WEST COAST BRIEFS
From Wire and Staff Reports |
Temporary Services Opens Second OfficeLONG BEACH, Calif. - Temporary Services International,
Maritime
NYSA'S OFFER REDUCES GANGS, GAI BENEFITS
Alan F. Schoedel |
Supposedly close to agreement on their local port contract, the New York Shipping Association and th
Maritime
FOREIGN VISITS
From Wire and Staff Reports |
Fernandez in Jordan MADRID, Spain - Foreign Minister Francisco Fernandez Ordonez left for a
Maritime
INTELSAT CHIEF STRESSES TELECOM'S POTENTIAL
Journal of Commerce Staff |
Telecommunications is the world's most promising investment sector to generate wealth in developing
Maritime
ON THE MOVE
Staff Report |
Continental ReplacesPresidentThomas G. Plaskett was named president and chief execut
NON-COMPETITIVE ROLE DISPLEASES BANKERS
John Davies |
Commercial banks are turning into "disadvantaged" institutions that are losing their traditional gr
HOME SALES HIT SEVEN-YEAR RECORD
(Ap) |
Sales of existing homes, bolstered by falling home prices and low mortgage rates, climbed 4.4 percen
BARTERING RETURNS TO THE OIL PATCH
Gary Taylor |
Unemployed oil-patch professionals and troubled exploration companies have rediscovered an ancient m
CONNECTICUT ENERGY LOSS BLAMED ON SEASONAL SLUMP
Journal of Commerce Staff |
Connecticut Energy Corp. reported a loss of $2.5 million for the third quarter, compared with a loss
ENERGY BRIEFS
From Wire and Staff Reports |
Court Rejects Challenge To Marcy-South LineThe Appellate Division of New York State Supreme
KERR-MCGEE LOSES $325.8 MILLION
(Ap) |
Kerr-McGee Corp. lost $325.8 million after taxes in the third quarter of 1986, compared with earning
REAGAN URGED TO SIGN VACCINE BILL
Leah R. Young |
Supporters of legislation to create a new vaccine compensation system andallow for the expor
ENERGY BRIEFS
From Wire and Staff Reports |
Sun Reduces Prices On No. 2 Fuel OilSun Refining and Marketing Co. said that effective 10 a.
NAVY WANTS SUBMARINE TO BE MADE SHIPSHAPE
(Ap) |
The Navy has asked that substantial repairs be made to the USS Croaker, a 43- year-old retired subma
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Chrysler Raises Stake In Maserati to 15.6 percentChrysler Corp. increased its stake in Maser
Maritime
KNIGHT-RIDDER TO BUY STATE-RECORD
Joan Chrissos |
Knight-Ridder Inc. agreed to acquire the State-Record Co., a South Carolina newspaper company that p
EARNINGS
JOC Staff |
Sales Net Income Per Share Company Period Latest Prior Latest P
IMPACT OF SAGGING EXPORTS ON FARM ECONOMY EYED
(Ap) |
Sagging exports of major farm commodities have hit hard in 420 counties where those crops account fo
AUSTRALIA BOOSTS ESTIMATE OF 1986-87 WHEAT CROP
Knight-Ridder Financial |
Australia's 1986-87 (April-March) wheat crop should total 16.0 million metric tons given average wea
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