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INVESTOR GROUP BUYS CHICAGO RAILROAD
Journal of Commerce Staff |
A new investor group associated with Anacostia & Pacific Co., a Chicago-based investment banking fir
Rail News
IVORY CARVERS JOIN ENDANGERED LIST
(Ap) |
Seated in his workshop where he has meticulously transformed elephant tusks into intricate ivory art
Maritime
SEA-LANDJUMP IN PROFIT SURPRISES ANALYSTS
Jon Jacobs |
Security analysts voiced surprise Wednesday at the sharp increase in fourth- quarter operating incom
PONTIAC SEES RISE IN MARKET SHARE
From Wire Reports |
General Motors Corp.'s Pontiac division said Wednesday it expects its domestic market share to rise
IBM'S INVOLVEMENT COULD BOOST SATELLITE TRACKING INTO ORBIT
Tony Seideman |
Despite the imminent entry of International Business Machines Corp. into the satellite tracking busi
RAIL EXECUTIVE HAS GOOD REPORT ON STATE OF INDUSTRY FOR 1989
Lawrence H Kaufman |
Despite a fall-off of freight traffic late in the year, "1989 was a pretty darn good year," accordin
Rail News
COMMODITY BRIEFS
From Wire and Staff Reports |
1989 VOLUME ROSE 20 PERCENT AT COTTON EXCHANGEThe New York Cotton Exchange set a record for
NY'S STATE-OWNED BUILDINGS TO BE MORE ENERGY EFFICIENT
Journal of Commerce Special (AP) |
All state-owned buildings in New York will have to improve energy efficiency by 20 percent by the ye
COMPANIES CUT PENSION, HEALTH PLANS
The Chicago Tribune |
The percentage of employers offering any kind of retirement plans has plunged during the last decad
VIETNAM SEEKS FOREIGN INVESTMENT IN TRANSPORT
Gary Aderman |
Seaports seem most likely to benefit from Vietnam's ambitious bid to boost its economy by enlisting
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
VIETNAM EXPECTS FIELD TO PRODUCE MORE IN '90HANOI, Vietnam - Vietnam produced around 10.2 mi
CLEANUP CREWS PREPARE FOR SLICK TO HIT MOROCCO
(Ap) |
A salvage firm Tuesday said it repaired an Iranian supertanker that spewed millions of gallons of cr
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
EAST GERMANY PLANS TO RAZE BERLIN WALLBONN, West Germany - The Berlin Wall is to be pulled d
Maritime
DOLLAR RISES SHARPLY AGAINST YEN
Knight-Ridder Financial |
The U.S. dollar rose sharply against the yen on the first trading day of 1990 while holding smaller
PRICES NARROWLY MIXED IN DEBT SWAP MARKET
Deborah Lutterbeck |
In a thin holiday trading week, secondary market prices for Third World debt were narrowly mixed, as
ICC CUTS MAXIMUM RCAF FREIGHT RATES
Howard S. Abramson |
The Interstate Commerce Commission has lowered the maximum rates railroads may charge shippers for t
Rail News
TUBES OF COCAINE FOUND ATTACHED TO HULL OF SHIP
From Wire and Staff Reports |
Cocaine worth $4.2 million was stashed in two waterproof tubes attached to the underside of a Colomb
Maritime
NCR SELLS BANKING SYSTEM TO CHINA
Journal of Commerce Staff (- P.T. Bangsberg) |
NCR Corp. has won a US$3 million contract from People's Bank of China, the central bank, for automat
NEWS SUMMARY
JOC Staff |
* Gordon Platt - Credit Outlook 3A * Richard Lawrence - Trade Scene 8A* Richard Malkin - Air
LONDON INSURERS RESTORE PREMIUMS FOR PANAMA
Edwin Unsworth |
London insurers decided Tuesday to restore war risk premiums for cargoes carried on merchant vessels
MORTON INTERNATIONAL ACQUIRES DR. RENGER
From Wire and Staff Reports |
Morton International Inc. of Chicago said it acquired Dr. Renger GmbH & Co., a manufacturer of speci
BALTIC FREIGHT INDEX
JOC Staff |
1599 (Jan. 2, 1990) Previous day - 1592 The Baltic International Freight Futures Market in L
Maritime
PHOTO VENTURES COMPETING IN HUNGARY
Mark Berniker |
It used to take two, three or even four weeks to get a roll of film developed in Hungary. But with t
Maritime
IMPORT BRIEFS
Wire and Staff Reports |
JAPANESE FIRMS COVET E. EUROPEAN MARKETSJapanese companies are rushing to stake their claims
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FINANCIAL BRIEFS
Wire and Staff Reports |
DEVELOPMENT BANK SETS LENDING RECORD IN 1989The Inter-American Development Bank last year ap
OTHER NATIONS LIKELY TO FOLLOW US IN SOFTENING STANCE ON CHINA
Lewis M. Simons |
World outrage over the Tiananmen Square brutality has been blunted by President Bush's attempts to r
OIL SPILL FOULS STATEN ISLAND BEACH
Journal of Commerce Staff |
A six-mile stretch of beach on Staten Island was fouled Tuesday morning when 5,000 gallons of heatin
CSX EARNINGS UP IN 4TH QUARTER, YEAR
Journal of Commerce Staff |
CSX Corp. earned $125 million, or $1.25 a share, in the 1989 fourth quarter on revenue of $2.03 bill
Rail News
OIL PRICES KEEP RISING, BUT AT A REDUCED RATE
Journal of Commerce Staff |
Oil prices continued fairly strong, but the intensity of the price increases was much abated from th
DULUTH PORT SAYS IT HAS PLANS TO GET OUT OF GLACIER BUSINESS
Bill Beck |
Trade delegations visiting the Seaway Port Authority of Duluth each summer, especially those from tr
Maritime
TWA EMPLOYEES SEE DIM FUTURE
(Ap) |
Employees have been living with uncertainty at Trans World Airlines Inc. ever since Carl Icahn bough
Air Cargo
ORANGE PROCESSING NEARLY DOUBLES
Knight-Ridder Financial |
Florida citrus processors received 7.08 million oranges during the week ended Dec. 31, up from 4.65
DU PONT TO SELL UNIT TO J&J, CHIRON CORP.
From Wire Reports |
E.I. du Pont de Nemours & Co. said Tuesday it will sell its virology blood screening business to Joh
US TROOPS UNLOAD NATO EXERCISE GEAR
(Ap) |
U.S. soldiers on Tuesday began removing about 1,000 pieces of military hardware sent by ship from th
Maritime
BRAZIL LEADS PACK IN PUBLIC FLEETS
Journal of Commerce Special |
In a continent where large merchant fleets and state ownership are virtually synonymous, Brazil has
Maritime
FLEET PRIVATIZATION DRIVE MAY ACCELERATE IN BRAZIL
James Bruce |
Transfer of Brazil's state-owned merchant fleets to the private sector is likely to pick up steam un
Maritime
CORRECTION
JOC Staff |
A story starting on Page 1A of The Journal of Commerce Jan. 2, "Lykes Gets Marad Nod For Accord With
PANAMA INSTALLS NEW CHIEF OF SHIP REGISTRY
Bruce Vail |
Panama's beleaguered shipping registry will reopen its New York office, the newly installed head of
Maritime
PROFITS KEY TO DEBATE OVER NC AUTO RATES
From Wire Reports |
North Carolina Insurance Commissioner Jim Long ordered a rate cut in auto insurance last week, but m
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