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INSURANCE BRIEFS
From Wire and Staff Reports |
BEST AFFIRMS RATING FOR TENN. INSURER DELTAOLDWICK, N.J._ A.M. Best affirmed its "A+
CORPS WILL OPEN SOO LOCKS EARLY TO SUPPLY MILLS' DEMAND FOR ORE
John Boyd |
The Army Corps of Engineers will open its Soo Locks at Sault Ste. Marie, Mich., for commercial navig
Maritime
API WEEKLY REPORT CRUDE OIL INVENTORIES INCREASE
Journal of Commerce Staff |
Crude oil inventories rose 4.3 million barrels in the week ended March 5 as compared with the previo
NAM CHIEF SAYS TAX ON ENERGY FACES FIGHT
Journal of Commerce Staff |
The president of the National Association of Manufacturers, Jerry Jasinowski, warned here this week
IRELAND MAKES MAJOR CHANGES AT AER LINGUS
(Reuter) |
The chief executive of the troubled state-owned airline Aer Lingus resigned as the Irish government
TRANSPORT BRIEFS
Wire and Staff Reports |
UNITED'S PILOTS SAY CUTS MORE THAN 5 PERCENTROSEMONT, Ill. - United Airlines' pilots
WEST COAST SHIP UNIONS BLAST LINER PROPOSALS
Tim Shorrock |
Two West Coast maritime unions said they have "serious objections" tosections of the recent
Maritime
POOR ORANGE HARVEST SOURS REEFER TRADE
Allen R. Wastler |
Problems with California's orange crop have led to a major drop in refrigerated cargo volumes for ca
ITC DIVIDED OVER DELAYS ON STUDY OF US TRADE REGULATIONS' IMPACT
John Maggs |
An unusually public split at the U.S. International Trade Commission has members accusing the chairm
Maritime
MEXICO GLASSMAKER ASKS FOR US HELP ON TARIFFS
John Maggs |
A Mexican glass products manufacturer says that flat-glass maker Vitro SA is using high-level influe
Maritime
HILLS DEFENDS TIMING OF REQUEST
Keith M. Rockwell |
Former U.S. trade representative Carla Hills dismissed as "hogwash" reports that she had waited unti
Maritime
FORWARDERS, CUSTOMS BROKERS FEAR NAFTA IS UNDER SIEGE
Peter M. Tirschwell |
The North American free-trade agreement may have the backing of President Clinton and congressmen fr
Maritime
EX-CZECHOSLOVAK FUNDS GAIN ECONOMIC POWER
Michael S. Lelyveld |
An unprecedented privatization process in the former Czechoslovakia has resulted in therapid transfe
Maritime
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Mar. 10, 1993Bid AskedCopper_
MARITIME ADMINISTRATION EXTENDS SUBSIDIES FOR 4 OF 10 LYKES SHIPS
Tim Sansbury |
The Maritime Administration said it will extend federal subsidies for four aging Lykes Bros. Steamsh
Maritime
INSURANCE EARNINGS
JOC Staff |
WILLIS CORROON GROUP POSTS 4TH-QUARTER LOSSLONDON - Insurance broker Willis Corroon
FLA. JUA DELAYS WRITING NEW HOMEOWNER POLICIES
David Satterfield |
After a sudden revolt among insurance agents, Florida's Joint Underwriting Association has stopped i
ARIZONA UTILITY DETERMINED TO BE MORE COMPETITIVE
Arthur Gottschalk |
Things are changing in the electric utility industry, and Arizona Public Service Co. ischanging to k
PEOPLE - TRANSPORT
From Wire and Staff Reports |
ATCHISON, TOPEKA AND SANTA FE RAILWAY (Schaumburg, Ill.) - Betty Gallagher was named director of int
SHIPPERS REMAIN LOYAL TO DISPLACED BROKERS
Gregory S. Johnson |
Shippers depending on freight forwarders and brokers forced out of their World Trade Center offices
WESTINGHOUSE SEEKS STOP ON $70 MILLION VERDICT
Dane Hamilton |
Westinghouse Electric Corp. Wednesday asked a Missouri state judge to throw out a $70 million jury v
GAS INDUSTRY TAKING STEPS TO CUT LEAKAGE
Bill Mintz |
Although the natural gas industry promotes itself as an environmentally preferred alternative to oth
LONDON OIL FUTURES
JOC Staff |
International Petroleum Exchange Mar. 10, 1993Brent Crude Oil - (Dollars Per Barrel)
SHIPPING INDUSTRY CRITICIZES ROTTERDAM'S AWARD SYSTEM
Bruce Barnard |
Rotterdam's plan to reduce harbor fees for environmentally friendly tankers calling at the world's b
Maritime
INVESTORS TO PURCHASE FLORIDA BARGE OPERATOR
Craig Dunlap |
A group of investors has announced its intention to assume 100 percent control of Marine Transportat
Maritime
SPOT COMMODITIES
JOC Staff |
Mar. 10, 1993 Included are list prices of suppliers. Quotations do not necessarily represent
ITALY'S BANK BACKS LIRA AMID POLITICAL SCANDAL
(Reuter) |
The Bank of Italy intervened Wednesday to prop up the lira for the second straight day as a worsenin
COST OF CREDIT
JOC Staff |
Wednesday, March 10, 1993 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada
FOREIGN EXCHANGE
JOC Staff |
The New York foreign exchange rates below, provided by EAB New York, are selling rates among trading
TRUCK, TRAIN COLLIDE IN MICH.
(Reuter) |
An eastbound Amtrak train struck a propane tank truck near Kalamazoo, Mich., Wednesday, killing the
ASIAN FUTURES
JOC Staff |
March 10, 1993 JAPANFinancial FuturesPrecious MetalsTokyo Commodity
SOME TRADERS SEE CUBAN THREAT TO THAI SUGAR PRICES
Knight-Ridder Financial |
Lower prices for Cuban raw sugar and signs of more reliable shipments from Havana to Asia could put
SEAPORT MUSEUM SETS TOUR IN NY
JOC Staff |
The South Street Seaport Museum will offer a walking tour of the historic Fulton Ferry Landing and t
Maritime
HEAVY RAINS FAIL TO HURT EL PASO PIPELINE BYPASS
Knight-Ridder Financial |
El Paso Natural Gas Co. said an emergency natural gas pipeline bypass it built in January over a bri
VIRGIN ATLANTIC EXPECTS TO ADD NINE AIRCRAFT
(Reuter) |
Richard Branson said that his Virgin Atlantic Airways will probably add at least five new Airbus A34
RUSSIA, AEROSPATIALE TO BUILD NEW AIRCRAFT
JOC Staff |
Russia Wednesday signed a landmark deal with French aerospace giant Aerospatiale to cooperate in dev
NC REJECTION DRAMATIZES LACK OF US RAIL FUNDS
Rip Watson |
A rebuffed funding application from the state of North Carolina to improve train service in a conges
CONSUMPTION TAX BACKED BY HOLLINGS, DANFORTH SENATORS FAVOR VAT OVER ENERGY LEVY
John Maggs |
Sens. Ernest Hollings and John Danforth are teaming up to add a broad consumption tax to President C
PUERTO RICO FUND CRUCIAL TO CARIBBEAN, STUDY FINDS
Charles W. Thurston |
A controversial tax shelter for U.S. corporations with operations in Puerto Rico has become a crucia
Maritime
EC ORDERS $64 MILLION ROVER DEAL REPAYMENT
Bruce Barnard |
The European Community Commission Wednesday ordered British Aerospace to repay UK44.4 million (about
Maritime
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