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BRIEFS
From Wire and Staff Reports |
EUROPEAN INSPECTORSDETAIN SHIPS FOR SAFETYLONDON - Ships flying the flags of Cyprus, Turkey
EARNINGS
From Wire and Staff Reports |
CAPITAL RE CORP. REPORTSYEAR-END INCOME INCREASENEW YORK - Capital Re Corp. said 1996 net in
RUSSIAN COUNTERFEITERS DO THE IMPOSSIBLE
Reuters |
Counterfeiters have for the first time succeeded in forging the new improved US$100 bills, Russian p
Maritime
JAPANESE BUSINESS LEADERS SCRAMBLE AS VALUE OF YEN CONTINUES TO DECLINE
Reuters |
Japanese officials and corporate executives who less than two years ago yelped with pain as the yen
Maritime
BRIEFS
From Wire and Staff Reports |
TRAVELERS TO BUY BACK$1 BILLION IN STOCKNEW YORK - Travelers Group Inc., the insurance and f
DAILY PETROLEUM PRICES
JOC Staff |
Thursday Jan. 23, 1997Prevailing sellers' posted prices at the close of business, representi
CALIFORNIA TERMINALS AHEAD OF SCHEDULE
Bill Mongelluzzo |
Cargo volume continues to grow so rapidly at the neighboring ports of Long Beach and Los Angeles tha
SPOT PRODUCT PRICES
JOC Staff |
Jan. 23, 1997U.S. spot oil product price indications, sellers range, in cents per gallon, f.
US FIRM, N. KOREA NEGOTIATING GRAIN DEAL
Associated Press |
A U.S. company has started negotiating to sell American grain to North Korea, the communist country'
PEOPLE ON THE MOVE
From Wire and Staff Reports |
PACCAR INC.Richard P. Fox will join the Bellevue, Wash., truck manufacturer as senior vice p
SAFE HAVEN ELUDES P/C INDUSTRY
Margo D. Beller |
An entire generation of insurance executives doesn't know what it's like to operate a property/casua
STUDY EYES MONEY TRAIL BEHIND HELMS-BURTON
Tim Shorrock |
The Cuban American National Foundation, the conservative exile group that played a key role in the t
Maritime
AIMING TO WIDEN US PRESENCE, SONY TO UNDERGO MASS SHAKE-UP
Reuters |
Sony Corp. announced a massive reorganization on Thursday to increase its focus on the lucrative U.S
Maritime
RUSSIA DEVISES NEW TAX PLAN FOR IMPORTERS OF VODKA
John Helmer |
The Russian government is to introduce a new plan for prepayment of taxes and excise dutieson import
Maritime
FINE WORDS, HAZY RESULTS AT TAIWAN-CHINA MARITIME TALKS
P.T. Bangsberg |
Five hours of talks between Taiwan and China on restoring direct maritime links produced an upbeat s
CHINA PROPOSES ONE OF ITS OWN FOR TOP POST AT ANTI-PIRACY BODY
John Zarocostas |
China, sharply criticized by Washington and Brussels for intellectual property rights violations, ha
API WEEKLY REPORT \ DISTILLATE FUEL, CRUDE STOCKS SHOW DECLINE IN LATEST WEEK
Journal Of Commerce Staff |
U.S. inventories of distillate fuel oil, used as home heating and diesel fuel, fell 2.9 million barr
CHEMICAL PRICES
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Jan. 23, 1997Quotations are based on prices reported in the market or obtained from su
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Jan. 23, 1997No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 33
DAIRY FARMERS DUMP ON MILK PRICING SYSTEM
John Hartzell |
Dairy farmers suffering from a steep decline in prices hope their one-day milk-dumping protest shows
QUOTE TO NOTE
Mike Stuart, Spokesman for the Florida Fruit and, Vegetable |
''There will be Florida fruit and vegetables available. Maybe not in the volume we had last week, bu
Maritime
INDIA CONVINCES WTO TO POSTPONE IMPORT CONTROLS \ EXTENSION WILL DELAY FOREIGN COMPETITION
N. Vasuki Rao |
The government here has convinced the World Trade Organization to delay the deadline by which India
Maritime
COST OF CREDIT
JOC Staff |
Thursday, Jan. 23, 1997Percentages Per Year INTERNATIONAL INTEREST RATESCanada U
US DOLLAR CONTINUES ITS CLIMB AGAINST YEN
Bridge News |
The U.S. dollar continued its ascent against the Japanese yen Thursday as it approached the 120-yen
Maritime
BOEING EARNINGS REFLECT SUCCESSFUL SALES, EXPANSION
William Dibenedetto |
Boeing Co.'s year end and fourth quarter numbers reflect what analysts and industry types already kn
ASIA DEALS SPUR FEAR OF JFK CARGO EXIT
Michele Kayal |
Officials at New York's John F. Kennedy International Airport are worried that air freight now movin
P&O NEDLLOYD PLANS HIGH PACIFIC PROFILE
Bill Mongelluzzo |
Since the newly formed shipping giant P&O Nedlloyd sees its greatest growth opportunities in the tra
PORT OF TACOMA HIRES SEARCH FIRM FOR DIRECTOR
From Wire and Staff Reports |
The search to replace John Terpstra at the helm of the Port of Tacoma, Wash., officially began when
KR-CRB FUTURES INDEXES
JOC Staff |
The Knight-Ridder Commodity Research Bureau's future price index closed Wednesday at 240.80 off 0.04
PORT OF COLOMBO FIRES STRIKERS AFTER PROTEST
Journal Of Commerce Special |
The Port of Colombo has dismissed 185 workers who participated in a strike in December to protest th
MAKING A SPLASH
P.T. Bangsberg |
A leading U.S. civil engineer is among the winners of contracts to privatize and essentially rebuild
Maritime
JAPAN'S WEAK YEN HELPS RAISE TRADE SURPLUS WITH US
Reuters |
Japan's trade surplus plunged by nearly a third last year, but the latest monthly figures show an in
Maritime
GE CAPITAL TO BUY UNIT OF TALEGEN
Wire And Staff Reports |
Xerox Corp. said Thursday it had found buyers for two pieces of its Talegen Holdings Inc. insurance
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
"WE'LL BE OUT WEST IN A YEAR'
Tom Baldwin |
The man who bid on Atlantic Container Line speaks in a whisper with a prizefighter's chin.Bo
JAPAN MULLS NEW NUCLEAR FUEL \ RECENT MISHAPS MAKE PUBLIC WARY OF IDEA
Miho Yoshikawa |
Despite growing public concern about the use of nuclear power, the Japanese government is exploring
SCHEDULED FISCAL REFORMS EXPECTED TO BOOST US INVESTMENT IN RUSSIA
Richard Lawrence |
The Russian government is planning to push through a set of economic reforms early this year that co
Maritime
US CARGO CARRIERS SEE LITTLE BENEFIT IN SINGAPORE AIR PACT
Michele Kayal |
The new U.S.-Singapore ''open skies'' pact means U.S. cargo airlines can now make Singapore a hub, h
BRIEFS
From Wire Reports |
LUGAR HITS DASCHLE PLANON FARM LOAN PAYMENTWASHINGTON - Senate Agriculture Committee Chairma
GATEWAY, KCS TOUT BENEFITS OF MERGER
Rip Watson |
The potential merger of Gateway Western Railway Co. and Kansas City Southern Railway Co. should mean
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