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'TRAFFIC! TRAFFIC!' COMPUTERIZED SAFETY SYSTEM HELPS PILOTS POLICE AIRWAYS
Sallie Gaines |
American Airlines Flight 9459 was cruising at about 16,000 feet above Waco, Texas, when a corporate
ENERGY BRIEFS
Wire and Staff Reports |
IRAN INCREASES PRICE OF CRUDE TO JAPANNational Iranian Oil Co. raised its prices for crude o
COMMODITY BRIEFS
From Wire and Staff Reports |
FEW OUTSTANDING US SALES TO IRAQ LEFTFollowing the reported cancellation of U.S. soybean mea
DAILY PETROLEUM PRICES
JOC Staff |
Friday Aug. 17, 1990 Prevailing sellers' posted prices at the close of business, representin
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Currency Forecast 3A * International Trade Commission Calendar 9A* Japanese
STOCKHOLDER SUES AMBASE CORP. OVER CANCELLATION OF DIVIDEND
From Wire Reports |
An Ambase Corp. stockholder sued the insurance company alleging that Ambase misled investors into be
CORRECTION
JOC Staff |
An earnings report that appeared on Page 9A of the Friday, Aug. 17, Journal of Commerce should have
COURT CUTS TRADE ZONE AUTHORITY OF STATES
Craig Dunlap |
States cannot regulate goods being transshipped through foreign trade zones, according to a ruling l
NY UNION SUES TO UNDO PENSION FUND CHANGES
(Ap) |
New York's largest public employees union sued to undo changes in the state's pension system approve
WORLD BANK, IMF FORESEE NO RECESSION
From Wire Reports |
The International Monetary Fund and World Bank expect the world economy to weather the latest oil sh
TAIWAN SEES SLOWDOWN IN ECONOMIC GROWTH
From Wire Reports |
Taiwan slashed its estimate of economic growth in 1990 Friday to the lowest rate since 1982 as the g
COMMODITY BRIEFS
From Wire and Staff Reports |
PACT TARGETS SPENDING ON GOLD MINE PROFITSSYDNEY, Australia - Papua New Guinea Prime Ministe
HENKEL CORP., 2 US FIRMS IN VENTURE
Miriam Widman |
Henkel Corp., the U.S. subsidiary of West Germany's Henkel KGaA, has joined up with two American fir
SPOT COMMODITIES
JOC Staff |
Aug. 17, 1990 Included are list prices of suppliers. Quotations do not necessarily represent
AVON IS PUTTING ON A HAPPY FACE IN CHINA
Gene Linn |
Avon is calling in China, even though pushing the right doorbells proved difficult at first.
FMC ASKS SHIP LINES TO JUSTIFY WAVE OF FUEL SURCHARGE INCREASES
Bruce Vail |
The Federal Maritime Commission asked shipping lines and steamship conferences to justify a deluge o
ENERGY IMPORTS COULD REVERSE US TRADE GAINS
William Armbruster |
Rising oil prices and the United States' growing dependence on imported oil could undo efforts to r
TRADE DEFICIT NARROWS BUT MAY SOON WIDEN
Richard Lawrence |
The U.S. merchandise trade deficit, after an encouraging decline in the first half of 1990, is likel
PLAN TO CHANGE ACCOUNTING RULE WORRIES INSURERS DRAFT TARGETS BOND HOLDINGS
Kenneth Silverstein |
Insurers opposed a proposed accounting standard that would require them to record their bond holding
CONRAIL GETS APPROVAL FOR MONONGAHELA DEAL BESSEMER FEARS LOSS OF BUSINESS
Leo Abruzzese |
The Interstate Commerce Commission approved Consolidated Rail Corp.'s bid to acquire sole control of
SOUTHERN PACIFIC INCREASES INTERMODAL RATES
Mark Magnier |
Southern Pacific Transportation Co. late last week announced a 4 percent rate increase on all railro
MARITIME BRIEFS
From Wire and Staff Reports |
BERLIN EXPRESS SERVES EUROPE-AUSTRALIA ROUTESYDNEY, Australia - The Berlin Express, a new Ch
Maritime
OPEC OIL OUTPUT FELL IN FIRST HALF OF AUGUST
Knight-Ridder Financial |
Organization of Petroleum Exporting Countries' crude oil output in the first two weeks of August ave
PRICES SOAR BUT SUPPLIES ADEQUATE, TRADERS SAY
Sam Glasser |
Oil prices skyrocketed across the board Friday. "It's war fever," said an oil trader in Hous
STRATEGIC METALS SHORTFALL SEEN MORE ACUTE THAN OIL SITUATION
From Wire Reports |
While he watches the oil dependent nations face the challenges of the Iraq crisis and the steady cli
US FAULTS JAPANESE EXPLANATION ON AIRPORT CONSTRUCTION CONTRACT
John Maggs |
The Japanese government offered "nothing new" in a written explanation of why two U.S. firms did not
ECONOMIC DATA ABROAD
Wire and Staff Reports |
BRITISH WAGES RISE, JOBLESS LINES LONGERAverage earnings of British workers rose 10 percent
COMMODITY BRIEFS
From Wire and Staff Reports |
LICHT SEES SURPLUS OF WORLD SUGARWorld sugar production will exceed consumption by some 1.05
GREATER POTENTIAL ENVISIONED FOR HIGH-DEFINITION TELEVISION
From Wire Reports |
As leading electronics companies race to develop high-definition television, some predict the techno
Maritime
BRAZIL HAS $4.2 BILLION AVAILABLE FOR 1990 AGRICULTURAL INPUT LOANS
Knight-Ridder Financial |
Brazil's government will make available the equivalent of US$4.2 billion in farm input loans for the
PANEL SEEKS SWIFT DRUG APPROVAL
Steven Morris |
A federal report on Wednesday urged President Bush to cut red tape and boost funding for the Food an
FOUR SHIPS WILL TEST WILMINGTON, NC, FACILITY NEW BERTH, CRANES AT WORK
Craig Dunlap |
The newly expanded dock facilities at the Port of Wilmington, N.C., will get a real workout Aug. 18
Maritime
CARGO COMPANY FITS CARRIERS TO SHIPPERS EXPERTISE OFFERED ON AIRCRAFT SIZE
Ira Breskin |
Dental floss and a globe are among the handiest tools used by James O. Farrell, president of Air Car
LONDON METALS
JOC Staff |
(Pounds Sterling Per Metric Ton) Aug. 16, 1990Bid AskedCopper-
ASIAN FUTURES
JOC Staff |
Aug. 16, 1990 JAPANFinancial FuturesJapanese Gov't BondsPer 10-year, 6% bond
BALTIC FREIGHT INDEX
JOC Staff |
1228 (Aug. 16, 1990) Previous day - 1236 The Baltic International Freight Futures Market in
Maritime
SPOT CHEMICALS
JOC Staff |
As of Aug. 16, 1990 Prices in the spot chemicals table include spot quotations or list price
SINGAPORE OIL FUTURES
JOC Staff |
Singapore International Monetary Exchange Aug. 16, 1990Dubai Crude Oil(Dollars Per B
CANADA ECONOMY FORECAST TO GROW ONLY 1.1 PERCENT IN 1991
Leo Ryan |
Canada's economic performance in 1991 will be the worst of the major industrialized nations as high
INDIA OPENING PORTS TO PRIVATE OPERATIONS
N. Vasuki Rao |
The Indian government, despite local opposition, seems to be gradually opening up large ports to pri
Maritime
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