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FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
PEOPLE - UTILITIES
From Wire and Staff Reports |
DETROIT EDISON CO. (Detroit) - John E. Lobbia will become chairman, president and chief executive of
FINANCIAL BRIEFS
Wire and Staff Reports |
GROUP OF 7 AGREES ON US DOLLAR CEILINGMonetary authorities from the Group of 7 major industr
SPOT PRODUCT PRICES
JOC Staff |
Mar. 7, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon, f
TORRANCE, CALIF., VOTERS REJECT RESTRICTIONS ON MOBIL REFINERY
Journal of Commerce Staff |
Voters in this city Tuesday overwhelmingly turned down a referendum that would have limited some ope
US INTERVENES LESS TO CURB DOLLAR'S RISE VS. YEN
Gordon Platt |
The Federal Reserve and the U.S. Treasury sold a total of $750 million worth of dollars for Japanes
IMPORT BRIEFS
Wire and Staff Reports |
INTEL TO SPEED UP CHIP-MAKING PROCESSSANTA CLARA, Calif. - Craig Barrett, Intel Corp.'s exec
Maritime
EXPORT BRIEFS
Wire and Staff Reports |
BUSH VOWS TO WORK FOR ELECTRONICS LEADPresident Bush promised Wednesday to work toward helpi
Maritime
US' TOP POSITION IN SOFTWARE MARKET MAY BE IN JEOPARDY
(Ap) |
The United States has 70 percent of the world's computer software market but could lose its lead wit
Maritime
LLOYD'S SELLS CAR COVER DIRECTLY TO THE PUBLIC
Edwin Unsworth |
From today, Lloyd's of London, the world's biggest insurance market, will sell motor vehicle cover d
ALLIED REQUESTS ACTION AGAINST JAPAN ON TRADE
Journal of Commerce Staff |
Allied-Signal Inc. said it filed a petition with the U.S. Trade Representative Wednesday requesting
Maritime
AMA ADVANCES PLAN TO REVAMP US HEALTH CARE WOULD CREATE STATE RISK POOLS
From Wire Reports |
The American Medical Association on Wednesday proposed revamping the nation's health care system by
GENERALI MOVES IN TO US LIFE MARKET
JOC Staff |
BMA Corp. said Tuesday it would sell Business Men's Assurance Co. to one of Europe's largest insurer
INSURANCE BRIEFS
Wire and Staff Reports |
S&P AFFIRMS AMBAC'S CLAIMS-PAYING ABILITYStandard & Poor's Insurance Rating Service affirmed
US ELECTRONICS FIRMS SHIFT OPERATIONS TO MALAYSIA
From Wire Reports |
U.S. electronics companies are shifting more of their operations to Malaysia in a move further to in
Maritime
MITSUBISHI MOVE IN EUROPE SEEN CHALLENGE TO US VENTURES PLANNED WITH DAIMLER-BENZ
(Ap) |
A proposed agreement for wide-ranging cooperation between business giants Mitsubishi Corp. and Daiml
Maritime
INSURER PULLOUT FROM CONN. LEAVES OFFICIALS UNFAZED
TOM McNIFF Jr. |
Connecticut insurance regulators see insurers' recent withdrawals from that state's automobile insur
NEW PRODUCTS SONY TO INTRODUCE 'PALMTOP' COMPUTER
(Ap) |
TOKYO - Japan's Sony Corp. said Wednesday it soon will begin selling a small keyboard-less computer
Maritime
NEC AIRS CHIP TIE-UP WITH UNIT OF AT&T
Larry Holyoke |
NEC Corp. fell in line with the industry trend and government pressure Wednesday, announcing a semic
NEIGHBORS WAGE BANANA WAR WITH DOMINICAN REPUBLIC
Larry Luxner |
Less than two months after the Dominican Republic's acceptance into a European trade program, some
Maritime
EC REASSURES US ON BANKING RULES
Keith M. Rockwell |
A top European Community official sought to ease U.S. fears Wednesday over its plan for a single ban
TRADING WITH THE BAHAMAS ISLANDS SEEK TO BOOST US TRADE
Duncan Robinson |
The Commonwealth of the Bahamas is looking for increased trade with the United States in 1990, and t
Maritime
TAX GROUP SEEKS END TO TRANSPORT SUBSIDIES
Leo Abruzzese |
A national taxpayers group urged federal officials to end subsidies to the transportation industries
TRAFFIC BRIEFS
From Wire and Staff Reports |
SP SIGNS PACT TO BUY FIBER OPTICS FIRMSouthern Pacific Transportation Co. has signed a defin
CARRIERS CALL NOISE RULE A BEGINNING
Leo Abruzzese |
The air freight industry is asking the federal government to use its new national transportation pol
BUSH TEAM TO RELAX REIN ON SENSITIVE EXPORTS
Richard Lawrence |
The Bush administration plans a "very significant reduction" of U.S. export controls on goods potent
TRAILER TRAIN COPES WITH ICC RESTRICTIONS
Allen R. Wastler |
Trailer Train Inc., the railcar pool subsidiary owned by the nation's major railroads, has been able
EVERGREEN SAYS IT WILL ORDER HUGE BOXSHIPS
Mark Magnier |
Evergreen Marine Corp. confirmed it is negotiating with Japan's Onomichi Dockyard for at least three
AT&T AND GEIS JOIN EDI VENDORS IN EUROPEAN MART
TONY SEIDEMAN and JANET PORTER |
The telecommunications market for global paperless trading is heating up, withAmerican Telephone & T
ASIANS EXPLOIT CARIBBEAN TRADE PACTS US PROGRAMS PROVIDE BOOST
Rosalind Rachid |
Anthony Shih rattled off the reasons why he left Hong Kong to manufacture clothes in the Caribbean.<
TRANSPACIFIC PACT CARRIERS TO HOLD DOWN CAPACITY SERVICE CONTRACT RATES TO INCREASE
Jacob Daniel |
The 13 steamship lines of the Transpacific Stabilization Agreement will maintain their 10 percent ov
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
HOUSE UPHOLDS VETO ON EASTERN INTERVENTIONThe House of Representatives Wednesday upheld Pres
CANADIAN SHOPPERS IN US FACE TAX THREAT
Leo Ryan |
The Canadian government is considering imposing provincial sales taxes on the billions of dollars in
ECONOMIC DATA ABROAD
Wire and Staff Reports |
TRADE SURPLUS WIDENS IN WEST GERMANYFRANKFURT, West Germany - The West German trade surplus
BONN RATE TIMING SEEN KEY TO UK
Knight-Ridder Financial |
The timing of any increase in West German interest rates will be a key in any decision by British au
COST OF CREDIT
JOC Staff |
Wed., Mar. 7, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
TIM SANSBURY'S INSIDE TALK ON COAL.
Tim Sansbury |
THERE'S SOUND AND FURY in Congress about passing new clean air legislation limiting sulfur emissions
NEWS SUMMARY
JOC Staff |
* Trading With the Bahamas 4A * Tom Connors - Washington 8A* Robert J. Attaway - Sea Law 3B<
ENERGY BRIEFS
From Wire and Staff Reports |
FUEL TRUCK DRIVERS BACK TO WORK IN BRAZILSAO PAULO, Brazil - Brazilian truck drivers who dis
INFLATION IN PERU: WHAT BOUGHT A TRUCK WON'T BUY CIGARETTES
(Ap) |
Their currency is named for the sun, but with inflation of nearly 3,000 percent last year, Peruvians
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