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Commentary
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US-SOVIET MARITIME TALKS SAID TO PROGRESS SLOWLY
Mark D. Berniker |
American and Soviet maritime negotiators cited slow progress and grounds for further discussions as
OVERSIGHT COULD HURT AIRLINE CARGO INSURERS
Edwin Unsworth |
Airline insurers may unwittingly face unlimited liability for cargo losses as a result of a potentia
RAIL TRAFFIC FELL IN DECEMBER '90 CARLOADINGS SLIPPED SLIGHTLY
Lawrence H Kaufman |
Rail freight traffic fell sharply in December, particularly in the last two weeks. The rail
MERCK EARNINGS ROSE IN 4TH QUARTER OF '89
Knight-Ridder Financial |
Merck and Co. said its earnings rose to $367.9 million or 93 cents a share in the fourth quarter, fr
BIG SHIP UNION ACTS TO QUASH VOCAL CRITIC
Bruce Vail |
Leaders of the country's largest maritime labor union are moving to expel a dissident member who mou
DRY US WHEAT BELT COULD TIGHTEN SUPPLIES
Chicago Tribune |
The grain crop that produces America's bread has been stalked by drought for the second year in a ro
PRODUCTS MARKETPLACE
From Wire and Staff Reports |
PHOSPHORUS OXYCHLORIDE FMC Corp. of Philadelphia said it is increasing list and off-list pri
COCOA GROUP CUTS ESTIMATE OF SURPLUS FOR 1989-90 SEASON
Knight-Ridder Financial |
The International Cocoa Organization Tuesday revised its estimate of the world's cocoa surplus for t
HONG KONG FASHION FAIR BUSINESS BOOMS
P.T. Bangsberg |
The annual Fashion Fair brought smiles to the faces of exhibitors and buyers with a four-day tally o
Maritime
NC GOES AROUND IN CIRCLES OVER SIX-PACK RING ISSUE
Knight-Ridder Newspapers |
The durable plastic rings on six-packs that choke birds, snare fish and litter roadsides were banned
BOLAR LAWYERS: DOCUMENTS SENT TO FDA WERE FALSE
(Ap) |
Attorneys for Bolar Pharmaceutical Co. told government regulators the company appears to have used f
MATSON MAY CONSIDER SALE OF ITS AGENCIES SUBSIDIARY
Mark Magnier |
Sources say Matson Navigation will consider the sale of its Matson Agencies subsidiary at the Jan. 2
E. BLOC REFORMS STRAIN EC FOCUS ON TRADE ROUND
Keith M. Rockwell |
The European Community's leaders appear to have shifted priorities away from the Uruguay Round talks
US UNHAPPY WITH OFFER BY CP RAIL TO BUY D&H
Howard S. Abramson |
The Federal Railroad Administration has told officials of Canadian Pacific Ltd. that it is dissatisf
ECONOMIC DATA ABROAD
Wire and Staff Reports |
JAPANESE TRADE DEFICIT UP FROM YEAR EARLIERJapan had a $2.06 billion trade deficit on a cust
BUSH TO NAME FED'S KELLEY TO FULL TERM
Knight-Ridder Financial |
President Bush intends to nominate Federal Reserve Board Governor Edward Kelley to a full 14-year te
FINANCIAL BRIEFS
Wire and Staff Reports |
WORLD BANK PLEDGES AID TO EAST EUROPEThe World Bank says it is ready to pump billions of dol
EC AND JAPAN FORGE SEMICONDUCTOR ACCORD
Bruce Barnard |
The European Community has approved a controversial formula that will set a minimum floor price for
US GROUP SEES JAPAN AIDED BY EC DIRECTIVE SOFTWARE MART IN EC AT STAKE
Richard Lawrence |
Japanese computer software manufacturers are threatening to turn a proposed European Community softw
COST OF CREDIT
JOC Staff |
Tue., Jan. 23, 1990 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
GORDON PLATT'S CREDIT OUTLOOK
Gordon Platt |
JAPANESE INVESTORS ARE CASHING IN GAINS on their U.S. Treasury bond holdings to offset losses in the
HIGH-TECH EXPORT RULING HAILED
Michael S. Lelyveld |
The U.S. computer industry cautiously hailed news that President Bush will ease restrictions on high
JAPANESE BANKER SAYS PROFITS TO BE LOWER
Knight-Ridder Financial |
A leading Japanese banker Tuesday conceded that a reduction in banking profits will be unavoidable t
BALTIMORE DOCKERS TO VOTE ON CONTRACT PORT STILL FACES HUGE CHALLENGE
WILLIAM DiBENEDETTO |
The Port of Baltimore just ended one strike, but faces yet another vote today by 2,000 dockworkers.<
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Credit Outlook 3A * EC 1992 Regulatory Roundup 5A* A.E. Cullison - Asia Vie
DOLLAR DECLINES SHARPLY AFTER AZERBAIJAN TRUCE
Knight-Ridder Financial |
The U.S. dollar declined sharply against the deutsche mark Tuesday on news of a cease-fire agreement
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
HONG KONG UTILITY TO TAKE RISK WITH COAL-FIRED POWER PLANT
Gary Aderman |
China Light & Power Co., a local utility, is planning a US$7.7 billion coal- fired power station to
HEATING OIL PRICES DIVE IN NY
Journal of Commerce Special |
Average New York home heating oil prices plummeted and propane prices fell slightly during the week
ENERGY BRIEFS
Wire and Staff Reports |
GASOLINE PRICES RISE ALMOST 2 CENTS A GALLONGasoline prices rose nearly 2 cents a gallon at
EVERGREEN AIRLINES' CHAIRMAN RESIGNS
Journal of Commerce Staff |
Ned Wallace has resigned as chairman of Evergreen International Airlines, he confirmed Monday.
Air Cargo
TRANSPORT EARNINGS
Wire and Staff Reports |
DELTA'S EARNINGS FELL IN SECOND QUARTERDelta Air Lines earned $64.2 million, or $1.08 a shar
Air Cargo
SPOT PRODUCT PRICES
JOC Staff |
Jan. 22, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon,
TNT PLANS GROWTH IN DISTRIBUTION LOGISTICS BUSINESS
Phillip Hastings |
TNT Ltd., the Australian-based transport organization, is mounting a major push to develop substanti
Air Cargo
AVIATION BRIEFS
From Wire and Staff Reports |
UAL STOCK PLUNGES AFTER BANKERS' REPORTUAL Corp. stock fell sharply Monday after a published
Air Cargo
ENERGY BRIEFS
Wire and Staff Reports |
ESSO SHUTS REFINERY EARLY FOR MAINTENANCEROTTERDAM, Netherlands - A six-week maintenance per
STUDY: ALL-CARGO LINES DOMINATED THE 1980S MARKET SHARE SOARS TO 84 PERCENT
Leo Abruzzese |
Passenger airlines lost their once-dominant share of the U.S. air freight market to all-cargo carrie
Air Cargo
CHINA PLANS 50 PERCENT BOOST IN OIL OUTPUT BY '99
Knight-Ridder Financial |
The Chinese government plans to expand its crude oil output to 200 million metric tons by the end of
TANKER DESIGN DEBATE OBSCURES THE ISSUE OF CREW COMPETENCE
(Reuter) |
Efforts to prevent oil spills at sea focus too much on radical new designs for the world's aging tan
Maritime
DOUBLE BOTTOMS SEEN INEVITABLE
Alan Abrams |
The U.S. oil transportation industry has all but resigned itself to the likelihood that Congress soo
Maritime
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