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MARC RICH & CO. SETS PLANS FOR PHIBRO'S METAL BUSINESS
From Wire Reports |
The controversial career of multimillionaire Marc Rich took an ironic turn this month when his compa
ROSENTHAL SEEN EYEING BALFOUR CHICAGO UNITS
Knight-Ridder Financial |
Rosenthal/Collins Group is currently in negotiations with Balfour Maclaine Corp. concerning the purc
BARTLEY NAMED MAN OF THE YEAR
Journal of Commerce Staff |
In a departure from tradition, James E. Bartley, executive director of the National Industrial Trans
NEW HAVEN RESIDUAL FUELS
JOC Staff |
Nov. 14, 1990 No. 4/ No. 6/ No. 6/1% 1% 0.5%Buckley 37.0
LA/LONG BEACH TRADE FORECAST TO GROW 5 PERCENT
Bill Mongelluzzo |
International trade through Los Angeles/Long Beach, the nation's busiest port complex, is projected
Maritime
PRECIOUS METALS FALL SHARPLY
From Wire and Staff Reports |
Precious metal prices fell sharply late Wednesday with gold selling triggering weakness in silver an
INCREASE IN DEMAND FOR PLATINUM SEEN OFFSETTING SURPLUS
Howard Simon |
Platinum is in a "definite" surplus for the first time in more than five years, but demand is expect
CORRECTION
JOC Staff |
A story on Page 13A of The Journal of Commerce for Nov. 14 incorrectly stated the decline in earnin
COMMODITY BRIEFS
From Wire and Staff Reports |
RUSSIAN REPUBLIC ENVOYS SEEK USDA CREDITSTwo members of the Soviet parliament who are citize
NAII ACCEPTS MANN, TEACHERS AS MEMBERS
From Wire Reports |
Horace Mann Insurance Co. and Teachers Insurance Co., both of Springfield, Ill., have been accepted
LABOR AGREEMENT BOLSTERS NMU'S AILING PENSION FUND $30 MILLION TO BE INJECTED
Bruce Vail |
Some $30 million will be poured into the ailing pension fund of the old National MaritimeUnion under
Maritime
ANNUAL RITES OF FALL: BEAUJOLAIS RUSHED TO MARKET
Ira Breskin |
It's an annual rite of fall, a marketing coup and logistics nightmare. The Beaujolais Nouveau is com
US LEGISLATION ON INSURER SOLVENCY SET FOR '91
Janet Aschkenasy |
Rep. John Dingell's answer to insurance solvency and enforcement concerns will be offered as a congr
PHILIPPINE COURT SOUNDS DEATH KNELL FOR CRACKER
Hannah Moore |
The final blow to a Taiwan-backed petrochemical project in the Philippines was delivered by the Supr
TRANSPORT CALENDAR
JOC Staff |
HIGH SPEED RAIL ASSOCIATION, magnetic levitation seminar, Nov. 16. Scanticon Conference Center & Hot
*SPOT METALS PRICES
JOC Staff |
Aluminum ingots- $1,645-$1,660 per ton lots & in warehouse min. 99.
GASOLINE PRICES
JOC Staff |
Nov. 14, 1990 RESELLER Rack-Prices are in cents per gallonUnleaded Mid- Prem
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Nov. 14, 1990Dubai Crude Oil - (Dollars Per Barrel
NEWSPRINT SHORTAGE PUTS SQUEEZE ON CUBAN PRESS
Larry Luxner |
Cuba's biggest daily nationwide newspaper, Granma, has become its only one, following a decree by Pr
Maritime
YANGMING, HANJIN DROP NORFOLK PORT
Craig Dunlap |
The Port of Norfolk, Va., was the surprise loser while the Port of Wilmington, N.C., came out a big
NJ BLUES TO REDUCE WORK FORCE BY 16.6 PERCENT
Gilbert M. Gaul |
The financially troubled Blue Cross and Blue Shield plan serving New Jersey said Tuesday that it was
PEOPLE - INSURANCE
Wire and Staff Reports |
CENTRE REINSURANCE CO. (Hamilton, Bermuda) - Bruce A. Bunner and David L. Wasserman will join Centre
US SHIPOWNERS BENEFIT FROM SCREENING OF CREWS
Journal of Commerce Staff |
Shipowners in the United States that are carrying out strict personnel vetting procedures are benefi
Maritime
AUSTRALIA, JAPAN SET FOR TOUGH COAL TALKS
Vincent W. Stove |
The Australian coal industry is bracing itself for the annual round of contract negotiations with Ja
JAPAN DRAFTING ANTI-MONOPOLY IMPORT RULES GUIDELINES AIM TO CUT PRICE GAP
A.E. Cullison |
Japan's Fair Trade Commission is expected by the end of the year to finish strict operational guidel
WESTERN ENERGY COMPANIES FLOOD SIBERIAN REGION
Mark D. Berniker |
Oil and gas are plentiful here in the heart of Western Siberia, and Western energy companies are qui
DOLLAR FALLS ON NEWS OF LOWER RETAIL SALES
Knight-Ridder Financial |
The U.S. dollar fell further Wednesday afternoon on news that October retail sales were worse than e
HONG KONG TIGHTENS LEASING TAX PROVISIONS GOVERNMENT CITES LOSS OF REVENUE
P.T. Bangsberg |
The government moved abruptly Wednesday to plug a widening tax loophole often used in the acquisitio
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
JAPAN OIL BUYERS SEEK TO CUT IRANIAN IMPORTSTOKYO - Japanese term customers will seek to cut
COMEX METAL WAREHOUSE
JOC Staff |
Nov. 14, 1990 Copper Total, 8,502. Gold Total, .1,545,563.Silver Total, .258,112,108.
HONG KONG TIES SOUGHT BY CANADA, MEXICO
P.T. Bangsberg |
The United States may be Hong Kong's No. 1 export outlet and No. 4 supplier of goods, but two U.S. n
Maritime
TWO BRITISH INSURERS REPORT SHARP DECLINE IN RESULTS FOR QUARTER
Janet Porter |
Two leading British insurance companies Wednesday reported a deterioration infinancial resul
AIR RUSSIA LAUNCH SET FOR LATE '92, BA CHAIRMAN SAYS EARNINGS STAGNATE AT BRITISH AIRWAYS
Janet Porter |
Air Russia, the provisionally named new Moscow-headquartered airline to be owned jointly by British
BANK OF TOKYO LOSES ROLE IN CHINA VENTURE
Knight-Ridder Financial |
The Bank of Tokyo has been excluded from participating in a Shanghai-based joint venture by the Peop
EC PANEL PROPOSES TO CANCEL ACP DEBT
Bruce Barnard |
The European Commission Wednesday proposed canceling $4.2 billion of debt owed to the European Commu
PEOPLE - FINANCIAL
Wire and Staff Reports |
KPMG PEAT MARWICK (Washington) - Donald F. Billings was named senior manager in the financial instit
SANTO DOMINGO HOPES TO HAVE MODERN CRUISE SHIP PORT BY '93
Larry Luxner |
This sprawling capital city boasts a beautiful colonial zone, romantic cobblestone streets and 16th-
Maritime
US-INDIA CARRIERS DEFER HIKE IN SURCHARGE
Journal of Commerce Staff |
For the second time, ship lines postponed a scheduled 50 percent increase in the bunker fuel surchar
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
HYUNDAI LINE TO ORDER VESSEL
Journal of Commerce Staff |
Hyundai Merchant Marine Co. said it will order a 26,000-deadweight-ton ship to supply a Korean utili
Maritime
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