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WEATHER PUTS PRESSURE ON WHEAT PRICES, BUOYS CORN
From Wire and Staff Reports |
Corn prices in Chicago rose modestly Thursday while wheat and soybeans turned in a weaker performanc
GOODRICH HOPING TO RAISE $220 MILLION IN GEON SALE
JOC Staff |
BF Goodrich Co. of Akron, Ohio, said Thursday that it hopes to raise $220 million selling half of Ge
CUSTOMS ARRESTS FOUR IN CARPET SMUGGLING CASE
JOC Staff |
The U.S. Customs Service arrested four people for allegedly conspiring to smuggle $7.5 million of Ir
Maritime
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Apr. 29, 1993 No. 4/ No. 6/ No. 6/1% 1% 0.5%
SAN DIEGO UTILITY SHARPLY CURTAILED ITS SPOT GAS PURCHASES FOR MAY
Pamela Conway |
San Diego Gas & Electric bought much less natural gas on the spot market for May than it did in Apri
REPORT: GREEK COMPANIES CONTROL WORLD'S LARGEST MERCHANT FLEET
Janet Porter |
Greek shipowners control the largest merchant fleet in the world, with Japanese and U.S. owners rank
Maritime
LLOYD'S LOSS EXPECTED TO RISE BY 25 PERCENT MEMBERS URGED TO ACCEPT PLAN
William Pitt |
Faced with a possible $4.4 billion loss with regard to insurance risks accepted in 1990, Lloyd's of
HUNGARY SEEKING A STABLE CURRENCY
Knight-Ridder Financial |
Hungary is looking for a stable to slightly firmer currency, pursuing an exchange rate policy that i
RIMS SINGLES OUT 5 CHAPTERS FOR ITS 1ST ACHIEVEMENT AWARDS
Journal of Commerce Staff |
Five chapters of the Risk and Insurance Management Society received the association's first achievem
INSURANCE EARNINGS
JOC Staff |
AIG POSTS INCREASE IN EARNINGS FOR QUARTERNEW YORK - First-quarter net income at Ame
SURVEY: 75 PERCENT BACK HIGHER TAXES FOR UNIVERSAL COVER
Journal of Commerce Staff |
Three out of four Americans favor paying higher taxes to provide universal access to care for everyo
EMERY WORLDWIDE OPENS MIAMI FACILITY
Journal of Commerce Staff |
Emery Worldwide opened a new international gateway facility in Miami to accommodate the air freight
ICC ANNOUNCES TIMETABLE FOR UNDERCHARGE PROCESSING
Journal of Commerce Staff |
The Interstate Commerce Commission has announced a procedural timetable for processing the avalanche
EXPORTS ABCS - HENRY A. SAMUEL ATA CARNET CAN EASE EXPORT OF ITEMS FOR TEMPORARY USE
Henry A. Samuel |
Traveling to a market with samples or sending goods ahead for use in sales presentations can be made
Maritime
CHINESE OFFICIAL SAYS MFN STATUS BENEFITS BOTH CHINA AND THE US
Brian Johns |
A leading Chinese government official told a group of San Franciscans this week that "most-favored-n
Maritime
IMPORT LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
FLORIDA, MEXICO GROWERS BATTLE OVER TOMATO CROP
JAMES McNAIR |
When heavy rains drenched the Yaqui Valley in Mexico a year ago, farmers in Florida responded by flo
Maritime
PARKER DRILLING TO WORK ON ARGENTINE WELLS
Tulsa World |
Parker Drilling Co., which in the past two months has announced two major contracts in the former So
BOLIVIA TO CONTINUE PRIVATIZATION COURSE
Charles W. Thurston |
Bolivia's upcoming June 6 national election will not alter recent progress in state enterprise priva
Maritime
PEOPLE - ENERGY
Wire and Staff Reports |
COGENTRIX INC. (Charlotte, N.C.) - Frank J. Benner was named president and chief operating officer o
AMERICAN INTERNATIONAL GETS NOD TO BEGIN US-TAIWAN CARGO FLIGHTS
Mark B. Solomon |
The Department of Transportation Thursday gave U.S. cargo carrier American International Airways the
BATTLE LOOMS IN SENATE OVER NAFTA SIDE ACCORDS
John Maggs |
A battle over environmental and labor negotiations with Mexico is shaping up in the Senate, site of
GLOBAL AIR FREIGHT RISES 9 PERCENT
Special to The Journal of Commerce |
Global air freight traffic in March rose by 9 percent over the same month in 1992, the International
FUTURES MARKET PROBE YIELDS PRISON TERMS, FINES FOR 12
WILLIAM CRAWFORD Jr. |
An undercover FBI investigation of Chicago's futures markets, one of the most costly ever undertaken
SWAPS EVENTUALLY MAY PROVE PROFITABLE FOR US EXCHANGES, FED GOVERNOR SAYS
Cathy Kristiansen |
Susan Phillips, Federal Reserve Board governor, said it is "a possibility" that U.S. futures exchang
JAPAN ELECTRONICS MECCA SOFTENS ITS HARDWARE IMAGE
(Reuter) |
The world's most famous electric toy town is trying to rewire itself. A gadget mecca since t
TEXAS REGULATORS REJECT REQUEST TO RAISE HOME INSURANCE RATES
Pamela Yip |
Texas insurance regulators decided this week to reject an insurance industry request to raise the be
DAILY PETROLEUM PRICES
JOC Staff |
Thursday Apr. 29, 1993 Prevailing sellers' posted prices at the close of business, represent
AMOCO PLANS EXPANSION OF ASIA PLANTS
Knight-Ridder Financial |
Amoco Chemical Co. is planning a $2 billion network of new or expanded plants in East and Southeast
SEARS WORLD TRADE FOUND GUILTY OF DEFRAUDING MIAMI BUSINESSMAN
Craig Dunlap |
A Miami jury found defunct Sears World Trade Inc. guilty this week of breach of contract and of frau
BALTIC FREIGHT INDEX
JOC Staff |
1546 (Apr. 29, 1993) Previous day - 1541 The Baltic International Freight Futures Market in
Maritime
TRADE BRIEFS
From Wire and Staff Reports |
VIETNAM EAGER FOR ENTRY INTO GATTHANOI, Vietnam - The government, trying to build a market e
Maritime
ARGENTINA SEEN FACING BLACKLIST OVER PATENTS
Paula L. Green |
Argentina could move to the top of a U.S. trade blacklist as a patent protection bill continues to l
Maritime
RUSSIAN WOES MAY FORCE SALE OF ADDITIONAL OIL CONCESSIONS
Grigori Gerenstein |
The current economic situation in Russia and the lack of funds may force the government to sell oil
SPOT CHEMICALS
Compiled by Rosalie Spiller, Journal of Commerce Chemical |
As of Apr. 29, 1993 Quotations are based on prices reported in the market or obtained from s
CORPORATE HOG FARMS EXPAND DESPITE LEGISLATION
Lester Aldrich |
Many market analysts expect corporate-owned hog farms to continue expanding their market share in th
JIT TERMINAL HOPES TO BUILD STEEL CENTER AT CSX YARD
John Boyd |
A thriving barge-rail terminal operator here, currently tied to a single Norfolk Southern Corp. rail
TRANSPORT BRIEFS
Wire and Staff Reports |
DOT TO INVESTIGATE LORENZO'S AIR VENTUREWASHINGTON - The Department of Transportatio
ANERA FITS NIKE INC. INTO NEW 2-YEAR CONTRACT
Allen R. Wastler |
A major U.S. footwear company has signed an unusual two-year contract with ship linescarrying cargo
FREIGHT MARKET SLUMP EXPECTED TO CONTINUE
Knight-Ridder Financial |
World freight markets are likely to remain in recession this year, according to a study of the Kiel-
Maritime
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