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TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSTax reform probably will spur automotive, retailing and service industries but d
JAPAN TO AIR ITS DECISION ON 'STAR WARS'
A.E. Cullison |
A long-awaited decision by the Nakasone administration on Japan's participation in the research phas
2 SHIP FIRMS IN ASIA GAIN FISCAL RELIEF
This story was written by P.T. Bangsberg, Journal of Commerce |
Two major Asian shipping companies received new financial life, but Chase Manhattan Bank reiterated
TWRA AGAIN DEFERS SURCHARGE
John Davies |
The Transpacific Westbound Rate Agreement put off until at least Oct. 1 its proposed special operati
INTERNATIONAL LOANS
From Wire and Staff Reports |
WORLD BANK GAMBIA - $16.5 million from the International Development Association and the Wor
Maritime
TVA ACTS TO STOP CONTAMINATION BUILDS LOW-SULFUR COAL STOCKPILE AT WIDOWS CREEK POWER STATION
Andrea Chancellor |
The Tennessee Valley Authority said it built a new low-sulfur coal stockpile at its Widows Creek pow
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
COST OF CREDIT
JOC Staff |
Friday, August 29, 1986 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanadaU.K.
AVIATION BRIEFS
From Wire and Staff Reports |
Airlines Seek Nod To Cover Frontier RouteSeven air carriers have asked the Transportation De
ON THE MOVE
Staff Report |
President Quits to SeekA New HomeSteven Newman, president of Home Insurance Co. for
TODAY'S NEWS SUMMARY
JOC Staff |
FINANCIALCredit market analysts look for another Fed discount rate cut, but some aren't conv
Maritime
DEBONO JOINS SUN-TIMES
JOC Staff |
Robert DeBono, vice president, circulation, is leaving The Journal of Commerce to become vice presid
SALES OF NEW HOMES DOWN FOR FOURTH STRAIGHT MONTH
(Ap) |
Sales of new single-family houses declined for a fourth straight month in July, hitting the lowest l
USDA DATAQUESTIONED
(Ap) |
Farm income estimates issued by the Agriculture Department are once again under fire, this time from
MARITIME BRIEFS
From Wire and Staff Reports |
Cast, BCL Schedule Westbound ServiceHAMILTON, Bermuda - Cast (1983) Ltd. and Bermuda Contain
Maritime
INSIDE TALK ON TRANSPORT
Dave Cawthorne |
WHAT PRICE IS RIGHT? A Congressional Budget Office study concluding that the government can receive
NY GOVERNOR ORDERS LAWSUIT IF NINE MILE PROBE DROPPED
(Ap) |
Gov. Mario Cuomo ordered the state Consumer Protection Board to sue the Public Service Commission if
FINANCIAL BRIEFS
Wire and Staff Reports |
Sun Carriers Files 10 Million-Share OfferSun Carriers Inc., the common carrier trucking comp
NATIONS GEAR FOR MEETING IN URUGUAY
Knight-Ridder Newspapers |
EC Trade Commissioner Willy de Clercq Friday hosted a preparatory meeting for the launching of the m
COGENERATION PLAN T TO SUPPLY PFIZER
Journal of Commerce Staff |
Ground was broken here for a 110-megawatt cogeneration plant that will supply steam to Pfizer's near
CHINA SMILES ON STEEL PROJECT
Jasper Becker |
The government has given its blessing to a US$4 billion joint venture steel mill in Ningbo, south of
Maritime
DUTCH, CHINESE FIRMS JOIN FOR PORT PROJECT
Jasper Becker |
A Dutch consortium reportedly has negotiated the first joint venture in port construction and manage
Maritime
PARLEX GRANTS LICENSE TO SEKISUI CHEMICAL
Journal of Commerce Staff |
Parlex Corp. said it signed a three-year agreement with Sekisui Chemical Co. Ltd. of Japan to provid
TODAY'S NEWS SUMMARY
JOC Staff |
FINANCIALCredit market analysts look for another Fed discount rate cut, but some aren't conv
TVA CONTRACTS
JOC Staff |
The following table lists the spot coal contracts signed between the Tennessee Valley Authority and
WEST COAST BRIEFS
From Wire and Staff Reports |
Boeing Subsidiary Suspends 19 WorkersNineteen employees of an aerospace firm that makes part
Maritime
NEWS ON DEFICIT DRIV ES DOLLAR DOWNWARD
Knight-Ridder Financial |
The U.S. dollar declined Friday morning on news of a record-high U.S. trade deficit in July, then st
EFFECTS OF TAX CHANGES MAY NOT MOVE MARKET
(Ap) |
With sweeping changes in the tax rules expected to take effect at year-end, there has been much talk
A NEW YEAR ON WALL STREET
Gordon Platt |
The new year for the stock market always starts after Labor Day, not on Jan. 1. The summer i
ENERGY BRIEFS
From Wire and Staff Reports |
Sunoco, DX Stations Accept Discover CardSun Refining and Marketing Co. announced that Sunoco
STEEL WIRE DUTIES FACE NEW ZEALAND
Journal of Commerce Staff |
The Commerce Department cleared the way for countervailing duties on imports of New Zealand steel wi
LATIN LOAN UNIT CLOSER TO STARTUP
Journal of Commerce Staff |
The Inter-American Investment Corp. will move closer this month to starting operations. At i
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
New Guinea Seeks Soviet Fishing DealPORT MORESBY, Papua New Guinea - The government announce
Maritime
TAIWAN PRO POSES CUTS IN TARIFFS
P.T. Bangsberg |
The government of Taiwan proposed another sweeping round of import tariff cuts in hopes of easing te
BAY BRIDGE LOOKS TO UNHAPPY DAY
(Ap) |
The Bay Bridge that connects San Francisco and Oakland always has been the ugly stepsister to the fa
Maritime
INSURANCE BRIEFS
From Wire and Staff Reports |
Scor US to Go Public To Raise $70 MillionScor U.S. Corp. filed to go public to raise about $
GOVERNMENT RENTS BARGES TO CONTAIN CORN HARVEST
(Ap) |
The Agriculture Department rented 2,000 covered river barges capable of holding 100 million bushels
UK GROWTH LIKELY TO STAY FLAT IN '86
Journal of Commerce Special |
U.K. manufacturing output will remain flat through the remainder of 1986, and economic growth will s
Maritime
DISEASE THREATENS ITALIAN MEAT SALES
(Ap) |
A major outbreak of foot and mouth disease in breeding centers of central and northern Italy may pro
CHINA AGREES TO R EDUCE OIL EXPORTS
(Ap) |
Iran's oil minister, Gholam Reza Aqazadeh, said Chinese officials told him that China has agreed to
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