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NO-WIN SITUATION CANADA P/C BROKERS SEE THEIR OPTIONS DIMMING
Courtney Tower |
Canada's independent property/casualty insurance brokers, worried that the country's nationally char
FUTURES TRADING/OPEN INTEREST AND SALES
JOC Staff |
FUTURES - September 1, 1998 OPEN INTEREST AND SALES - August 31, 1998All life-of-
PANEL TO REVIEW HOW TO SAVE PHILIPPINE AIR
JOC Staff |
A government panel will review aviation policies to see how they could be modified to help rescue Ph
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
STB TO SPEED UP RULING IN RAIL RATE CASE
Rip Watson |
A closely watched rate case that pits Union Pacific Railroad against FMC Corp., a major shipper of s
DETROIT'S ATTEMPT TO REINVENT WEB WHEEL DISPLAYS HUBRIS OF BIG 3
TECH TALK - Alan Abrams |
Leave it to the U.S. auto industry. These are the guys who didn't listen in the '60s and '70s when p
AIR CANADA STRIKE FORCES SHIPPERS, FLIERS TO SHIFT
Courtney Tower |
Air Canada's 600 daily flights carrying 60,000 passengers and cargo to international markets were gr
COMMERCE ORDERS DUTY ON SOUTH AFRICAN STEEL
JOC Staff |
The Commerce Department has announced it is imposing a countervailing duty on imports of South Afric
Maritime
RUSSIAN TURMOIL, IMF'S DEFEAT GIVE LAWMAKERS PAUSE
William Roberts |
As the International Monetary Fund comes to grips with its inability to stave off a financial collap
SPOT PRODUCT PRICES
JOC Staff |
Sept. 1, 1998U.S. spot oil product price indications, sellers range, in cents per gallon, f.
CRUDE STOCKS DECLINED IN LATEST WEEK
Journal Of Commerce Staff |
U.S. crude oil inventories fell almost 3 million barrels in the week ended Aug. 28, as compared with
AON WORLDWIDE FORMS REINSURANCE BROKER UNIT
JOC Staff |
Aon Worldwide Inc. has formed Aon Re Europe, which will integrate its reinsurance brokering operatio
IFC AGREES TO INVEST IN ZAMBIAN INSURER
JOC Staff |
The International Finance Corp. today signed an agreement to invest up to $400,000 in NICO Insurance
NORTH DAKOTA FARMERS LOOK TO CANADA FOR HELP
Courtney Tower |
Grain farmers in North Dakota, where King Wheat still rules from a shaky throne, are looking across
ATLAS AIR TO EXPAND STOCK REPURCHASES
JOC Staff |
Atlas Air said it intends to expand its program to repurchase shares of its common stock in the open
ANALYST SAYS INDONESIAN BANKS MAY COLLAPSE
JOC Staff |
Noted Indonesian banking analyst Thomas Suyatno has said that most Indonesian banks will collapse by
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Sept. 2, 1998Baltic International Freight Futures Market Prev.Close High
Maritime
VOLVO EXECUTIVE CONFIRMS TALKS TO BUY MASA STAKE
Reuters |
Sweden's Volvo AB said Wednesday it was negotiating to acquire a majority stake in Mexican bus build
Maritime
DAILY PETROLEUM PRICES
JOC Staff |
Wednesday Sept. 2, 1998Prevailing sellers' posted prices at the close of business, represent
AIG UNIT SIGNS ACCORD FOR BULGARIAN POST BANK
JOC Staff |
American International Group Inc.'s subsidiary American Life Insurance Co. (Alico) together with Con
BANKING BILL HEADS TO SENATE COMMITTEE WITH STRONG BACKING
Bridge News |
The Senate Banking Committee may vote this week on a controversial overhaul of U.S. banking laws, on
BOARD CALLS MEETING ON PILOT STRIKE
Associated Press |
The National Mediation Board on Wednesday called an ''exploration meeting'' to bring Northwest Airli
KOREAN "CHAEBOLS' DISCUSS RESTRUCTURING
JOC Staff |
South Korea's five biggest conglomerates were near agreement Wednesday on swapping or merging some m
Maritime
ATLANTIC RICHFIELD MAY INVEST ANOTHER $400 MILLION IN TUNISIAN OIL FIELD
Abdelazia Barrouhi |
Atlantic Richfield Co. is negotiating further development of its Ashtart offshore oil field with the
CORPORATE US RETHINKS FREE MARKET FOR RUSSIA
Michael S. Lelyveld |
Through seven years of crises, U.S. business leaders have insisted that you can't turn back the cloc
BANGLADESH TURNS TO WORLD FOR FUNDS, DREDGING HELP TO COPE WITH FLOODWATERS
Gordon Platt |
Bangladesh has officially requested international assistance of $680 million, including help with dr
MEXICO'S PESO FALL TO TAKE US TOLL
Kevin G. Hall |
The Mexican economy may have avoided the Asian flu, but it sure has caught the Russian cold.
GASOLINE PRICES
JOC Staff |
Sept. 2, 1998RESELLER RACK UNLEADED MID- PREMIUM-UNLE
SOME TEXACO CAPTIVES FREED IN NIGERIA
Bridge News |
Youths of Nigeria's Fishtown community, who had been holding hostage up to 16 Texaco oil contractor
GOV. WILSON VETOES BILL TO PROTECT OLDER WORKERS' JOBS
Ron Lent |
California Gov. Pete Wilson has vetoed A.B. 1643, legislation aimed at protecting jobs of older work
CARRIERS ORDER SHIPS WITH ABANDON, BUT WHERE ARE THE JAPANESE?
SLOT WATCH - Paul Richardson |
The container shipping industry has entered a new phase of shipbuilding orders, with contracts place
Maritime
TRANSPORTATION CALENDAR
JOC Staff |
ONGOINGAssociation of Ship Brokers and Agents. Applications for home study course, ''Basic P
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Sept. 1, 1998No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley t21
GASOLINE PRICES
JOC Staff |
Sept. 1, 1998RESELLER RACK UNLEADED MID- PREMIUM-UNLE
GERMAN ALUMINUM SEES SALES GROWTH
JOC Staff |
The German aluminum industry expects sales this year to expand to 23.5 billion Deutsche marks from 2
ROADWAY EXPECTS FALL IN PROFIT
Journal Of Commerce Staff |
Roadway Services Inc. said its third-quarter financial results would fall approximately 60 percent s
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below are selling rates among trading banks of $1 million and mo
CUSTOMS REVOKES 520 LICENSES
Leo Abruzzese |
The U.S. Customs Service has revoked the licenses of 520 customs brokers, because they failed to pro
ANALYSTS: FRANCE SAFE FROM CRISIS _ FOR NOW
JOC Staff |
France is out of the swirl of the economic hurricanes roiling global financial markets.But t
Maritime
QUOTE TO NOTE
Tony Hatch, Rail industry analyst |
'Finding the right-sized railroad is a big question. UP must match their capacity to expected growth
Maritime
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