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ACQUISITION TO CREATE NO. 2 GOLD PRODUCER IN N. AMERICA
Associated Press |
Homestake Mining Co. said Monday it will acquire Santa Fe Pacific Gold Corp. for $2.3 billion, creat
BRIEFS
From Wire and Staff Reports |
SHAPIRO RENAMEDTO TREASURY PANELATLANTA - M. Sigmund Shapiro, chief executive of Samuel Shap
PEOPLE IN THE MOVE
From Wire and Staff Reports |
WESTERN PACIFIC AIRLINESRobert Peiser, the new chief executive of this Colorado Springs-base
TREASURY SECRETARY URGES CLOSE LOOK AT CPI FORMULA
Bridge News |
There is a broad consensus that the Consumer Price Index overstates inflation, and private and publi
BUDGET CUTS AND INDECISION HURT TEXAS TRADE PROGRAM
Journal Of Commerce Staff |
After several years of turmoil within the Texas Department of Commerce, agency officials and lawmake
Maritime
COLORFUL CONTSHIP GERMANY PITCHES ITS TINT IN BROOKLYN
Journal Of Commerce Staff |
If there was ever a time for snide remarks . . . .Big pink docked at Red Hook under a blue s
CARGO TRAFFIC UP 4.6 PERCENT ON YEAR AT WORLD'S AIRPORTS IN AUGUST
Journal Of Commerce Special |
Cargo traffic at the world's airports increased by 4.6 percent in August 1996 to 4.1 million tons co
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by Reuter Money Service, are selling rates among
LINES SEEK OUT PARTNERS \ COMPETITION HEATS FOR HAPAG-LLOYD, HAMBURG-SUD AND DSR SENATOR
Robert Koenig |
The winds of change lashing the container shipping industry have prompted Germany's Big Three carrie
CRITICS: DREDGE PLAN A DRAG \ NEW YORK-NEW JERSEY PROJECT SEEN AS YET ANOTHER FALSE START
Sheri Horn Hasan |
To dredge or not to dredge? That is no longer the question at the Port of New York and New Jersey, w
BRIEFS
From Wire and Staff Reports |
SWISS RE TO ACQUIREITALIAN REINSURANCE FIRMZURICH - Swiss Reinsurance Co. said Monday it wil
HONG KONG NEWEST MEMBER OF PROCUREMENT AGREEMENT
Journal Of Commerce Staff |
Hong Kong is the latest member of the WTO to accede to an agreement intended to ensure fair access t
Maritime
UP'S LOSS IN BID FOR MEXICAN RAIL LINE COULD BE BNSF'S GAIN
Journal Of Commerce Staff |
While last week's shocking $1.4 billion winning bid for Mexico's northeast rail line left Union Paci
NEW YORK OIL FUTURES
JOC Staff |
New York Mercantile Exchange - Dec. 9, 1996Prev. Life of Contr. Open Open High Low
INTERNATIONAL BUNKER PRICES
Journal of Commerce Special |
The following fuel oil prices are for the week ending Dec. 4, 1996 as supplied by the bunker fuel de
LITTLE JOY IN AIR CARGO INDUSTRY \ RATES REMAIN FLAT AS MARKET BUSTLES
Andrew Blum |
In the dog-eat-dog world of the air cargo industry, satisfaction is a luxury most executives can't a
SETTLEMENT COST MAY RISE FOR PRUDENTIAL
Ron Lent |
Prudential Insurance Co., the nation's largest life insurer, may have to pay almost $2 billion to se
CLINTON OFFICIAL SAYS BRAZIL SUMMIT CRITICAL IN FORGING HEMISPHERE PACT
Journal Of Commerce Staff |
In an apparent effort to build expectations, a top Clinton administration official for Latin America
INDUSTRY SAYS LTL INTERMODAL HAS ROOM TO GROW
Dan Lang |
In 1994, the Teamsters Union came to an agreement with 24 trucking companies that, among other thing
PEOPLE ON THE MOVE
From Wire and Staff Reports |
AON MANAGEMENT INSTITUTERebecca Shafer Bruce was named president and chief executive of the
TURKEY TAKES STEPS TO STEM ILLEGAL CASH FLOWS
Jonathan Ewing |
With its lax banking regulations and its enormous informal economy - the ''anything goes'' style eco
Maritime
BRIEFS
From Wire and Staff Reports |
PARLIAMENT TO CONSIDEREU REFERENDUM BILLLONDON - British Conservative Teresa Gorman said on
Maritime
US TO CONSULT WITH AIR CARRIERS ON RESUMING FLIGHTS TO VIETNAM
Journal Of Commerce Staff |
U.S. officials will meet with the nation's airlines this week to discuss resumption of air service w
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Dec. 9, 1996No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 34.
SPOT METALS PRICES
JOC Staff |
Commercial QuantityAluminum ingots_ $1,300-$1,500 per ton lo
LONDON OIL FUTURES
JOC Staff |
International Petroleum ExchangeDec. 9, 1996 Brent Crude Oil - (Dollars Per Barrel)
COST OF CREDIT
JOC Staff |
Monday, Dec. 9, 1996(Percentages Per Year) INTERNATIONAL INTEREST RATESCanada U
BRIEFS
From Wire Reports |
QUAD NATIONS SEEKUNIFIED CHINA STANCESINGAPORE - Trade chiefs of the ''Quad'' nations - the
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1465 (Dec. 9, 1996) Previous day - 1453The Baltic International Freight Futures Market in Lo
TRANSPORTATION STOCK INDEX
Nordby International Inc., Boulder, Colo. |
COMPANY PERFORMANCEPercentYear Closing ChangeHigh/ Price
RUSSIAN MINER STRIKE APPEARS TO BE EBBING
Greg Myre |
A week-old miners' strike appeared to be abating slightly Monday, according to the coal industry, wh
DEAN CHRISTON, DHL EXEC, DIES
Journal Of Commerce Staff |
Dean Christon, manager of marketing communications for DHL Worldwide Express, collapsed and died Nov
ICTF TOASTS ITS 10TH, WITH EYE ON NEXT 10 \ CRITICS SILENCED WHO ONCE PUSHED FOR ON-DOCK RAILYARD
Bill Mongelluzzo |
For 10 years now, the Intermodal Container Transfer Facility in Southern California has defied the p
SURVEY: CONFIDENCE, INVESTMENT UP AS HONG KONG CHANGEOVER NEARS
Journal Of Commerce Staff |
Hong Kong's impending return to Chinese control doesn't seem to be deterring the steady flow of inwa
Maritime
TRANSPORT STOCKS FOLLOW GLOBAL FALL
Journal Of Commerce Staff |
Transportation stocks on the Journal of Commerce stock index were not immune from the worldwide plun
CONTAINERPORT PURCHASES RESERVE UNITS
Journal Of Commerce Staff |
ContainerPort Group, a provider of intermodal terminal and cargo transportation services, purchased
P&O-NEDLLOYD DEAL: NO SAVING(S) GRACE?
Journal Of Commerce Staff |
The cost savings achieved through the merger of P&O Containers and Nedlloyd Lines may be eroded with
PACIFIC CARRIERS BRUISED \ RATE WARS TAKE A FINANCIAL TOLL AS CAPACITY GROWS SHARPLY
William Dibenedetto |
Trans-Pacific container lines are looking for greater rate stability, modest inbound and outbound vo
MODIFIED MAIZE APPROVAL NOT EVERYONE'S FAVORITE DISH
Journal Of Commerce Staff |
The European Union is poised to approve imports of genetically modified maize from the United States
OCEAN CARRIERS TOLD TO BUY BIG OR LOSE MONEY
Janet Porter |
Ocean carriers that decide against investing in vessels able to carry at least 6,000 20-foot equival
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