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TAIWAN WILL KEEP EXCHANGE RATES
P.T. Bangsberg |
Foreign exchange reserves in Taiwan were a record US$39.5 billion at the middle of this month, the c
Maritime
TAIWAN LOOKS TO GOLD
Nailene Chou Wiest |
Poor rich Taiwan. Years of trade surplus have bulged the state coffers and irked Taiwan's trading pa
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Hanson's Clearing Inc. Sold to Hitachi Corp.Hanson Industries, the U.S. arm of Hanson Trust
Maritime
WAH KWONG, CHASE AGREE ON REORGANIZATION PLAN
P.T. Bangsberg |
Wah Kwong Shipping & Investment Co. reached agreement with Chase Manhattan Bank over the latter's te
NAVISTAR SEEKING NEW BUSINESSES?
Michael S. Lelyveld |
Navistar International Corp. may be looking for new businesses to buy after years of selling off its
PENNZOIL WILL CLOSE CHINA EXPLORATION BASE
P.T. Bangsberg |
Pennzoil Co. is "packing its bags and pulling out" of offshore China oil exploration, and its partne
MARITIME BRIEFS
From Wire and Staff Reports |
Marad Won't Reopen Case on APL ChartersThe Maritime Administration refused to reconsider its
Maritime
CP RAIL CLOSES IN ON TUNNEL PROJECT
Journal of Commerce Special |
Early Friday morning, CP Rail will open up a nine-mile hole through British Columbia's Selkirk Mount
FINANCIAL BRIEFS
From Wire and Staff Reports |
Texas Air Files Common Stock OfferingHOUSTON - Texas Air Corp. said it filed with the Securi
TAX ACT LIKELY TO SPUR BENEFIT PLAN CHANGES
Leah R. Young |
The new tax reform act cuts tax preferences for benefit plans by $44 billion over five years and can
NEW YARD ESTABLISHED IN CANADA CONSORTIUM TO SERVE LAKES AREA, ATLANTIC AND EMPLOY 1,000
Leo Ryan |
The CSL Group of Montreal and ULS International Inc. of Toronto announced the establishment of a maj
Maritime
SPENDING FOR COMMODITY, SUPPORT PROGRAMS TO FALL
Knight-Ridder Financial |
The major change in the appropriations for the U.S. Department of Agriculture and related agencies i
COMMODITY BRIEFS
From Wire and Staff Reports |
CBT to Trade Options On Soymeal, SoyoilThe Commodity Trading Futures Commission approved an
TAIWAN LOOKS TO GOLD
Nailene Chou Wiest |
Poor rich Taiwan. Years of trade surplus have bulged the state coffers and irked Taiwan's trading pa
Maritime
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWS A version of American Telephone & Telegraph Co.'s toll-free 800 service for sma
JAPANESE LAND VALUES SOAR IN SOME AREAS
(Ap) |
Land values in Japan rose an average 2.7 percent in the past year, but land prices in Tokyo climbed
Maritime
BARGING RATES HIT EXPORTERS COSTS UP, AVAILABILITY DOWN FOR US SPOT COAL SHIPMENTS
Tim Sansbury |
Barging rates and availability on the Mississippi River system will hamper U.S. spot market coal shi
GENERAL CARGO RISES AT TORONTO
Journal of Commerce Staff |
General cargo moving through Toronto's marine terminals rose nearly 37 percent in the April 1 to Aug
Maritime
TIN PRODUCERS SET GOALS
(Ap) |
Tin producing countries meeting in Jakarta this week hope to set an aggregate production ceiling to
SURVIVOR RECALLS '76 FERRY SINKING
(Ap) |
Ten years later, George Lingo still remembers the sudden terror, the struggle against the murky wate
Maritime
NEW PACE SERVICE STARTS THIS WEEK
Maureen Robb |
Pacific America Container Express Line said it will start its new container service between the West
Maritime
CHINESE ACTION FAILS TO CURB TRADE DEFICIT
Jasper Becker |
The Chinese trade deficit this year is running nearly as high as last year's record, despite efforts
Maritime
DEMAND SEEN STRAINING GASOLINE CAPACITY BY '88
(Ap) |
The nation's petroleum refineries could find it difficult to make all the gasoline motorists want be
CANADIAN CARRIERS GEAR FOR DECONTROL
Journal of Commerce Special |
A leading U.S. trucking official has told Canada that it should play fair when it comes to internati
SENEGAL AUSTERITY PLAN PAINFUL BUT NECESSARY
(Ap) |
Senegal is taking a dose of austerity prescribed by international lending agencies and says it is fi
Maritime
INSURANCE EARNINGS PROFITS JUMP 52 PERCENT AT MARSH & MCLENNAN
JOC Staff |
Marsh & McLennan Cos. Inc. reported third quarter profit jumped 52 percentfrom a year earlie
PLASTICS CORNER
JOC Staff |
Ultraform ExpandingOperationsUltraform Co., a joint venture of BASF Corp. and Deguss
ENERGY BRIEFS
From Wire and Staff Reports |
Cuba Plans to Build Third Nuclear ReactorCuban leader Fidel Castro announced that a third nu
LYKES SEEKING NEW LINER SERVICE
Journal of Commerce Staff |
Lykes Bros. Steamship Co. wants to operate a limited, non-subsidized liner service on a segment of i
Maritime
FUEL OIL FUTURES FIRM IN LONDON
Journal of Commerce Staff |
Heating oil futures prices remained firm in London Monday, on moderate trading. Traders said
MANILA COMMODITY FUTURES MARKET OPENS
Richard Gourlay |
A new commodity futures exchange opened in Manila Monday. Futures trading on the Manila Inte
Maritime
TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSBusiness leaders are less confident about economy, Conference Board says. Page 2
Maritime
S. AFRICA HELD GOOD PLACE FOR BUSINESS
(Ap) |
South Africa, despite its simmering racial problems, is one of the most congenial countries in the w
F.W. MYERS BUYS LIVINGSTON BUSINESS
Journal of Commerce Staff |
F.W. Myers and Co. purchased the customs brokerage and foreign freight forwarding business of Living
SENATE FAILS TO TAKE ACTION ON SUGAR PROVISION OF BILL
Knight-Ridder Financial |
The Senate failed before adjourning to expand refunds of duties on some raw cane sugar imported into
BUSINESS EXECUTIVES PESSIMISTIC ON ECONOMY
(Ap) |
A survey of business leaders indicates they are taking a pessimistic view of the strength of the U.S
KUWAIT HINTS AT GREATER HIKE
(Ap) |
Sheikh Ali Khalifa al-Sabah, Kuwaiti oil minister, said his country wants at least a 10 percent incr
LOCKHEED PACT REJECTED IN VOTE
Ray Alvareztorres |
Employees at Lockheed Missiles & Space Co. in Sunnyvale rejected a three-year contract proposal that
ENRON BOARD APPROVES STOCK PLAN
Journal of Commerce Staff |
Enron Corp. said its board approved the formation of a new employee stock ownership plan called "New
TRAFFIC BRIEFS
From Wire and Staff Reports |
Coal Groups Criticize ICC-Adopted StandardsCoal interests are quite upset about new railroad
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