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TODAY'S NEWS SUMMARY
JOC Staff |
FINANCIALThe credit markets expect another Federal Reserve discount rate cut in September, b
SEA-LAND POSTED $49 MILLION LOSS IN 2ND QUARTER
Mark Magnier |
Sea-Land Corp. had a loss of about $49 million in the second quarter of 1986, compared with net inco
ILA TALKS BREAK OFF, WILL RESUME TODAY
Alan F. Schoedel |
Contract talks between the New York and Boston shipping associations and the International Longshore
FOREIGN TRUCK MAKERS ADVANCE IN US MARKET
Michael S. Lelyveld |
Volvo GM Heavy Truck Corp., the new joint venture of General Motors Corp. and VolvoTruck Corp. of Sw
LITIGATION AGAINST CLERGY BOOSTS NEED FOR INSURANCE
James Nolan |
A volunteer church bookkeeper confessed to a priest that she had embezzled $28,000 from the church.
DISCOUNT RATE CUT LIKELY NEXT MONTH
RIPLEY WATSON Jr. |
Credit market analysts are growing more and more certain that the Federal Reserve Board will cut the
CANADA FORESEES RECORD GRAIN HARVEST
Journal of Commerce Special |
Crop analysts are predicting a record western Canadian grain harvest this fall. It will occu
HOUSTON DEAL RAISES QUESTIONS
Gary Taylor |
Port officials began totaling costs of their wildcat-caging subcontractafter completion of the work.
Maritime
INSURERS DEBATE GULF RATES
Simon Cameron-Moore |
Negotiations among the marine underwriters of Lloyd's of London to agree on war-risk premiums for ve
Maritime
COURT ASKED TO DISMISS CHALLENGE BY NMU
Robert F. Morison |
The Justice Department asked U.S. District Court here to dismiss a challenge by the National Maritim
Maritime
EARNINGS DECLINE AT ROYAL NEDLLOYD
Simon Cameron-Moore |
The Royal Nedlloyd Group reported earnings of 21.7 million guilders ($6.3 million) for the first six
Maritime
SUIT SEEKS TO BLOCK MERGER OF MM&P PLANS
Chris Dupin |
A group of 10 active and retired members of the International Organization of Masters, Mates and Pil
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Lumber Output Rises As Orders DeclinePORTLAND, Ore. - Lumber production increased, but order
Maritime
'FANTASTIC' AMERICAN IDEA
Bill Mongelluzzo |
All-water shipping services from Asia to the U.S. East Coast will find it increasingly difficult to
Maritime
ANDEAN LINE SERVICE TO LINK EUROPE, US, CENTRAL AMERICA
Mark Magnier |
Andean Line Inc., a newly formed liner operation, is starting a 21-day service between Europe, the U
Maritime
SEATTLE SHELVES CHANNEL PROJECT DUWAMISH WON'T BE SITE FOR CONTAINER TERMINAL
Bruce Johnson |
The Port of Seattle has scrapped plans for widening and deepening Duwamish Waterway to develop the c
Maritime
INSURANCE INDUSTRY LAMBASTED BY PUBLIC RELATIONS OFFICIAL
(Ap) |
A Philadelphia public relations executive has faulted the increasingly criticized insurance industry
LONG ROAD TO CONVERSION
Tom Mcniff Jr. |
Union Mutual Life Insurance Co. policyholders will vote in late October on a plan to convert the fir
JAPAN URGED TO REVAMP ECONOMIC STRUCTURE
A.E. Cullison |
Japan should overhaul its economic structure to put it more in tune with the global economy, a gover
Maritime
INDIA PLANS TO BOOST SOFTWARE EXPORTS
Trevor Drieberg |
Exporters of computer software from India will receive all tax benefits applicable to other exports
Maritime
INTERNATIONAL BRIEFS
From Wire and Staff Reports |
Chinese Firm Seeks Factory DirectorsThe Shenyang Automobile Factory Co. has advertised natio
Maritime
INSURANCE BRIEFS
Wire and Staff Reports |
Orion Plans Block Sale Of Share in Colo. FirmOrion Capital Corp. said it decided to sell its
SHOEMAKERS GAIN FOOTHOLD IN INDIA
Journal of Commerce Special |
Several internationally known manufacturers of leather footwear are set to establish joint ventures
Maritime
NEWSPAPER SUES LOS ANGELES PORT
Bill Mongelluzzo |
A Southern California newspaper filed suit against the Port of Los Angeles charging the port is with
Maritime
HOUSE SINKS PLAN TO MOVE NAVY PROGRAM
Journal of Commerce Staff |
The House of Representatives defeated an amendment that would have transferred the Navy's aircraft c
Maritime
COFFEE MARKET BOTTOM APPEARS TO BE FORMING
Stan Willis |
The world coffee futures market appears to be in the process of forming a bottom, analysts told Knig
COCOA OFFICIAL SEES 54,000-TON SURPLUS
JOC Staff |
The world cocoa market should see a surplus of supply over demand of 54,000 metric tons in 1985/86 c
MARITIME BRIEFS
Wire and Staff Reports |
Cleveland-Cliffs Seeks To Scrap Cargo VesselThe Cleveland-Cliffs Steamship Co., Cleveland, O
Maritime
FARM CREDIT OFFICIALS PROJECT CONTINUED LOSSES
(Ap) |
The Farm Credit System, the nation's largest farm lender, will lose up to $1.8 billion this year and
GERMAN POLICE PROBE TAMIL JOURNEY
(Ap) |
Sri Lankan refugees in West Germany are closing ranks and insisting they know nothing about a scheme
Maritime
ON THE MOVE.
Staff Report |
ACL Realigns As ExecutivesAssume PostsFour executives of Atlantic Container Line rec
BANK OFFICIAL JAILED FOR FRAUD HONG KONG OTB'S MANAGER GETS THREE-YEAR SENTENCE
P.T. Bangsberg |
The former general manager of failed Overseas Trust Bank Ltd. was jailed for three years for his par
Maritime
COMMODITY BRIEFS
Wire and Staff Reports |
Thailand Exports Of Rice IncreaseBANGKOK, Thailand - Thailand exported 2.9 million tons of r
CHARTER INDEX
JOC Staff |
The weekly general freight index of Maritime Research Inc. (January-December 1972 equals 100 percent
Maritime
JAPAN TO ORBIT WITH US, EC, CANADA
A.E. Cullison |
Japan agreed to take part in Washington's planned joint manned space platform project with the Unite
BANK BAILOUT A TREND SETTER? FDIC INTERVENTION SAVES FAILING OKLAHOMA FIRM
Linda Stern |
The Federal Deposit Insurance Corp.'s innovative bailout of the Bank of Oklahoma, Oklahoma City, N.A
FINANCIAL BRIEFS
Wire and Staff Reports |
Venezuela to Readopt Cash Payment PlanCARACAS, Venezuela - The government will readopt a cas
NEW TABLES TAKE A LOOK AT TRUCKING
Leo Abruzzese |
A comprehensive look at the second quarter financial performance of the trucking industry's largest
DEVELOPERS EYE NY SITE FOR PLANT COMPANIES PROPOSE CONVERSION OF ABANDONED PLANT TO COAL
Journal of Commerce Special |
The site of an abandoned Allied Chemical Co. power plant in Syracuse is being eyed by two developers
JAPAN WINS LNG SHIP CONTRACT
Vincent W. Stove |
A contract has been awarded for the construction of the first three of a fleet of seven ships to tr
Maritime
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