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COMMODITY BRIEFS
From Wire and Staff Reports |
TIN PRODUCERS TO MEET TO FIX EXPORT QUOTASKUALA LUMPUR, Malaysia - The seven-member Associat
PA. INSURERS GET NOD TO OPERATE IN THE UK
Edwin Unsworth |
Life insurance companies from the Commonwealth of Pennsylvania were granted blanket approval Monday
ORANGE JUICE PRICES CONTINUE TO SKYROCKET
From Wire and Staff Reports |
Prices for spot delivery frozen concentrated orange juice futures skyrocketed Monday - more than two
CHINA SAYS WORLD BANK MOVES TO RESTORE LOANS
From Wire Reports |
A Chinese central bank official said Monday the World Bank was actively studying a resumption of loa
OFFICIALS DISPUTE ALASKA'S FORECAST OF MORE BIG SPILLS
From Wire and Staff Reports |
Oil and shipping industry officials Monday dismissed as improbable a report by the state of Alaska
Maritime
STRONG MARK DEMAND PUSHES DOWN DOLLAR
Knight-Ridder Financial |
The U.S. dollar declined broadly Monday on relentless demand for the deutsche mark, as the U.S. prim
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
NJ JOBLESS RATE FELL IN DECEMBER
(Ap) |
The unemployment rate dropped 1.5 percentage points in New Jersey last month, while going up slightl
STEELWORKERS CHIEF SEES BETTER TIMES UNION STILL FACES HURDLES
From Wire Reports |
The United Steelworkers of America lost nearly half of its members in the 1980s, and it faces a diff
THE ECONOMY
From Wire and Staff Reports |
UNPAID CONSUMER CREDIT HITS $4.24 BILLIONU.S. consumers took on $4.24 billion more in consum
PEOPLE - SHIPPERS AND THIRD PARTIES
From Wire and Staff Reports |
BELT'S WHARF WAREHOUSE INC. (Baltimore) - David Baird was named vice president and will lookto expan
Transport, Trade and Regulation News
NO PRIVACY SHIELD FOR CORDLESS PHONES
From Wire Reports |
The Supreme Court let stand Monday a ruling that cordless telephones fall outside the constitutional
PANAMA CANAL EMPLOYEES ASK GOVERNMENT TO SOLVE LEGAL WOES
From Wire Reports |
Panama Canal workers have asked their new government to act quickly to solvefinancial and le
Maritime
AVONDALE LAYS OFF 300 YARD WORKERS
Janet Plume |
About 300 workers at Avondale Industries Inc. received pink slips Friday in the first of what may be
Maritime
TRADE MISSIONS
JOC Staff |
The following business missions are scheduled. The Journal of Commerce assumes no responsibility for
Maritime
SUGAR FREEZE DAMAGE SEEN AT 150,000 TONS
Knight-Ridder Financial |
U.S. sugar losses stemming from last month's severe freeze in Texas and Florida are likely to total
MOSCOW OPPOSES DISBANDING COMECON
(Ap) |
Parts of Comecon are obsolete and need radical changes, but the Soviet Union opposes disbanding the
Maritime
QUOTA WATCH
JOC Staff |
Textile Quotas to Watch as of 1/5/90* PercentageCountry Category Description FilledB
Maritime
NEWS SUMMARY
JOC Staff |
* Albert L. Kraus - Markets and Money 3A * Import Quota Watch 4A* Edwin Unsworth - Europe Vi
MORE FLEXIBILITY SEEN IN WORK SCHEDULES
(Ap) |
Flexible work schedules will become more commonplace during the 1990s, along with job sharing and wo
ROEFEX STRUGGLES TO BOOST FUTURES TRADING VOLUME TURNOVER FALLS FROM 1ST MONTH
Stewart Taggart |
The Rotterdam Energy Futures Exchange, already suffering from falling trade volume, faces the diffic
SAUDI ARAMCO FINDS OIL, GAS
(Ap) |
Saudi Arabian Oil Co. announced Sunday the discovery of an oil and natural gas field, the third fin
FORD MAY TRY TO BOOST ITS STAKE IN MAZDA
Paul A. Eisenstein |
Ford Motor Co. may seek to boost its stake in its Japanese affiliate, Mazda Motor Corp. In a
INVESTMENT GAINS OFFSET '89 FALL IN P/C EARNINGS
Cristina Lee |
After-tax property/casualty industry profits deteriorated in 1989 to $11 billion from $15.6 billion
EX-SHOWA MARITIME EMPLOYEE GETS 5 YEARS
Mark Magnier |
David E. Vincent, a former employee of Showa Maritime U.S.A. and its Consolidators Unlimited subsidi
Maritime
PEOPLE - MARITIME
From Wire and Staff Reports |
AMERICAN PRESIDENT LINES LTD. (Oakland, Calif.) - Tim Olsen was named country manager in Thailand fo
Maritime
UTA OFFERS DIRECT FLIGHTS FROM NEWARK TO S. FRANCE
Knight-Ridder Newspapers |
Privately owned UTA French Airlines now flies from the United States to five provincial cities in th
Air Cargo
SUPPLY PRESSURES EASE
Sam Glasser |
Wholesale fuel oil prices slipped again Friday at a number of Northeastern terminals as mild weather
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
MODEST GROWTH FORECAST FOR US LINER OPERATORS
WILLIAM DiBENEDETTO |
U.S. ocean liner operators will experience modest growth in import and export cargoes over the next
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
JAPANESE FIRM'S UNITS SHIFT TO FOREIGN CONTROLJapanese consumer products giant Kao Corp. sai
Maritime
PAKISTANI CREWMEN JUMP SHIP IN US
(Ap) |
Two Pakistani shipmates who spent a torturous month crossing the Atlantic on a Maltese freighter tri
Maritime
NJ BLUES WIN RATE HIKE OF 24.6 PERCENT
(Ap) |
Medical insurance rates for 600,000 subscribers of Blue Cross and Blue Shield of New Jersey are on t
CONN. FIRMS SAY THEY'LL HELP FUND HEALTH CARE NET
Journal of Commerce Special |
Travelers Co. is among a number of large Connecticut employers that are commiting funds to a busines
DISPERSANTS USED ON SPILL TRIAL OFF MOROCCO TERMED A FAILURE
Pei-Tse Wu |
Oil spill dispersants were used too late and had little effect on 19 million gallons of crude oil sp
SPOT PRODUCT PRICES
JOC Staff |
Jan. 5, 1990 U.S. spot oil products price indications, sellers range, in cents per gallon, f
PEOPLE - AVIATION
From Wire and Staff Reports |
BRANIFF INC. (Orlando, Fla.) - David Murchison was named chief executive officer, after his appointm
Air Cargo
TEMPLE DENOUNCES MEETING CALLED BY SEA CONTAINERS
Journal of Commerce Staff |
Temple Holdings Ltd. at the weekend accused takeover target Sea Containers Ltd. of violating various
Maritime
NJ COMPANY'S REFRIGERATION SYSTEM WORKS WITHOUT CFCS
Journal of Commerce Staff |
A New Jersey company has taken a first step in the race to develop new refrigeration equipment that
JAPAN MAY VOW MASSIVE AID TO EAST BLOC
A.E. Cullison |
Prime Minister Toshiki Kaifu, who begins a 10-day tour of Europe today, is expected to promise massi
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