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THE ECONOMY
Wire and Staff Reports |
BIG 3 AUTOMAKERS DROP 6 PERCENT IN SALESThe three major U.S.-based carmakers showed a 6 perc
EC TO ACCEPT GATT SOYBEAN SUBSIDY RULING
Bruce Barnard |
The European Community will formally accept defeat today in a long-running and acrimonious dispute w
TRADING WITH ISRAEL ISRAEL BOOSTS US TRADE
Charles Thurston |
Although Israel enjoys free trade agreements with both the European Community and the United States,
Maritime
SIEMENS, IBM JOIN IN CHIP VENTURE
(Ap) |
IBM and Siemens AG, the German electronics giant, have announced an agreement to develop jointly a n
Maritime
BRAZILIAN OIL WORKERS ACCEPT COURT AWARD, RETURN TO WORK
Knight-Ridder Financial |
Brazil's 60,000 oil workers returned to their jobs Wednesday after voting to accept a special labor
CME EXPELS, FINES 2 YEN TRADERS
Knight-Ridder Financial |
The Chicago Mercantile Exchange said late Tuesday that it has expelled and levied heavy fines agains
US, USSR BEGIN FINAL DAY OF TALKS
Mark D. Berniker |
U.S. and Soviet negotiators today begin their fourth and final day of bilateral shipping talks with
Maritime
VULCAN GETS NOD TO USE SIX SHIPS
Marie Prat |
Vulcan Carriers Ltd. has won Maritime Administration approval to use six ships instead of four under
Maritime
OUTLOOK FOR SEAGIRT TERMINAL IN BALTIMORE STILL UNCERTAIN
WILLIAM DiBENEDETTO |
The work rules of the Port of Baltimore's unopened high-technology marine terminal will remain unset
SOVIET PORTS UNABLE TO COPE WITH GLUT OF GRAIN IMPORTS
Mark D. Berniker |
The Soviet Union is facing a severe crisis as nearly 3 million tons of grain imports sit idle in por
TOP OF THE DAY NEW SOFTWARE PACKAGE TEACHES HOW TO EXPORT
William Armbruster |
You're the marketing manager for Xebec Co., a maker of industrial process- control equipment. The co
MARINE INSURERS REMOVE PANAMA WAR RISK STATUS
Edwin Unsworth |
London's influential marine insurers are removing Panama, including the Canal Zone, from their list
PEOPLE - INSURANCE
Wire and Staff Reports |
JOHNSON & HIGGINS (New York) - Gregory N. Dekker was named a vice president, aviation division, of t
BALTIC FREIGHT INDEX
JOC Staff |
1653 (Jan. 24, 1990) Previous day - 1663 The Baltic International Freight Futures Market in
Maritime
BUSINESS GROUP URGES EASING OF RESTRICTIONS CONTROLS 'HURT' US EXPORTERS
William Armbruster |
A key business group this week called for a drastic scaling down of export controls on products trad
Maritime
2 US BROKERS SET TO OPEN IN TAIWAN
From Wire Reports |
Taiwan's Securities and Exchange Commission has approved plans by Merrill Lynch & Co. and Shearson L
NJ AUTO INSURERS TO FIGHT FLORIO PLAN
Lorraine Iannello |
Gov. Jim Florio's plan to reduce New Jersey's car insurance rates may win him friends among drivers,
MARAD OFFICIAL SET TO ADDRESS BREAKBULK MEET GA. CONFERENCE SEEN AS 'FIRST'
Journal of Commerce Staff |
Deputy U.S. Maritime Administrator William A. Creelman will discuss the maritime implications of the
Maritime
CALIF. EXPECTS STEADY GROWTH IN EXPORTS
Journal of Commerce Staff |
The Bank of America projects steady growth in California's exports but a slight decline in imports f
Maritime
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
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
PEOPLE - RAILROADS
Wire and Staff Reports |
CHICAGO SOUTHSHORE & SOUTH BEND RAILROAD (Michigan City, Ind.) - Peter A. Gilbertson is the chairman
Rail News
IVORIAN COCOA SALES REPORTEDLY HEAVY
Knight-Ridder Financial |
Ivory Coast has sold more of its 1989-90 and 1990-91 cocoa crops than is widely believed, a trader f
REYNOLDS EXPANSION PLANS INCLUDE ACQUISITIONS, RECYCLING PROJECTS
Howard Simon |
Reynolds Metals Co. expects to earmark $900 million in capital expenditures in 1990 for a total of $
COMMODITY BRIEFS
From Wire and Staff Reports |
COURT ALLOWS JULIEN CO. TO BORROW $825,000Bankrupt cotton-merchant Julien Co. Tuesday receiv
CORRECTION
JOC Staff |
Due to a gap in computer transmission, misstatements appeared in "Ship Line to End Hawaii Box Servic
SCHLUMBERGER UNIT IN HUNGARIAN VENTURE
Journal of Commerce Staff |
Schlumberger Ltd. said that Schlumberger Industries SA, a French subsidiary, formed a joint venture
EXPORT OPPORTUNITIES
Information Supplied by the U.S. Dept. of Commerce |
Trade leads supplied by: US Department of CommerceU.S. and Foreign Commercial Service
Maritime
PRODUCTS MARKETPLACE
From Wire and Staff Reports |
PHOSPHORUS OXYCHLORIDE FMC Corp. of Philadelphia said it is increasing list and off-list pri
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
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
EUROPE-ASIA LINES HOLD FREIGHT STABILIZATION TALKS
Janet Porter |
How to maintain stable freight rates on trades between Europe and the Far East without breaking Euro
Maritime
DOCK COLLAPSE JAMS BOSTON OIL TRAFFIC
Journal of Commerce Staff |
The collapse of an oil terminal dock into the Chelsea River here Tuesday afternoon closed the main w
Maritime
BOMBAY EASES RULES ON RESERVING BERTHS
Journal of Commerce Special |
Changes in proposals for pre-booking of berths in Bombay should greatly help shipping companies, ind
Maritime
INSURERS COULD FACE S&L-TYPE INSOLVENCY CRISIS, EXPERTS WARN
Lorraine Iannello |
Insurers could face an insolvency crisis similar to that affecting savings and loan associations if
OHIO RANKED IN NO. 3 SPOT FOR HARMFUL GAS RELEASES
Knight-Ridder Newspapers |
Ohio ranks third nationally in the emission of methyl chloroform, an unregulated chemical whose role
MEXICO SEEKS INCREASE IN CANADIAN INVESTMENT
Leo Ryan |
A Mexican government delegation visiting Canada has made a strong pitch for increased Canadian inves
Maritime
US URGED TO SOFTEN ITS STANCE ON CHINA THINK LONG TERM, SCHOLARS SUGGEST
Bill Mongelluzzo |
China scholars are urging Congress to soften its continued strong criticism of that country and take
Maritime
CUSTOMS CHIEF BACKS USER FEE CHANGES
Richard Lawrence |
U.S. Customs Commissioner Carol Hallett said Tuesday that she backs revising the customs user fee so
Maritime
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