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ALASKA JUDGE UPHOLDS CHARGES AGAINST HAZELWOOD
From Wire Reports |
An Alaska judge Tuesday upheld state criminal charges against Joseph Hazelwood, skipper of the Exxon
Maritime
DOLLAR, GOLD RISE SHARPLY IN BRAZIL
James Bruce |
Rising economic and political nervousness here is spurring a race to "the yellow and green," but the
BANKS TIGHTEN EAST BLOC TRADE FINANCE TERMS
Kevin Commins |
Banks are tightening credit requirements for certain types of trade financing to Eastern European co
ACL EXPECTS TO SAVE $14 MILLION A YEAR FROM SHIP ACQUISITION
William Armbruster |
Atlantic Container Line expects to save $14 million a year by buying three vessels and a half intere
Maritime
AMAX TO ACQUIRE 100 PERCENT OF FINAMAX
Journal of Commerce Staff |
Amax Inc. said that its Amax Coal Industries subsidiary will acquire full control of Finamax Coal Co
IROQUOIS OPPONENTS TO FIGHT ON
(Ap) |
Opponents of the proposed Iroquois natural gas pipeline say they will challenge state regulators' ap
ENERGY BRIEFS
Wire and Staff Reports |
LAWMAKERS URGE SHELL TO LEAVE SOUTH AFRICASixty-two members of Congress Tuesday urged Royal
SAN FRANCISCO PORT OKS HOTEL PLAN
Mark Magnier |
In a controversial decision taken in a filled-to-capacity conference room, the San Francisco Port Co
Maritime
JAPAN OPTS FOR SHIP TRANSPORT OF PLUTONIUM FROM EUROPE
From Wire Reports |
Japan decided Tuesday to begin shipments of reprocessed plutonium from Europe by 1992 using a freigh
Maritime
MICH. LAWMAKERS VOTE 30 PERCENT AUTO RATE ROLLBACK
Chris Christoff |
House officials in Michigan have voted unanimously to roll back auto insurance rates by as much as 3
TWO US CARRIERS SEEK WAIVERS TO OPERATE FOREIGN-FLAG SHIPS
Marie Prat |
Two subsidized U.S.-flag carriers are seeking Maritime Administration approval to operate foreign-fl
Maritime
US SAVINGS BONDS POST SALES DROP
Knight-Ridder Financial |
Sales of U.S. savings bonds fell to $541 million in November from October's $590 million, bringing t
PUBLISHER'S NOTEBOOK
Don C. Becker |
A friend from Italy once confided to me that many people from his country needed someone to hate in
INSURERS RACE TO GRAB PIECE OF EAST BLOC MART
Cristina Lee |
U.S. insurers and brokers are jousting for their piece of the European pie as moves towards democrac
INSURANCE BRIEFS
From Wire and Staff Reports |
COLLIER & COBB MERGES WITH CORROON & BLACKCorroon & Black and Collier & Cobb & Associates of
MASS. BLUES SEEK 78 PERCENT RATE HIKE
Lorraine Iannello |
Blue Cross and Blue Shield of Massachusetts is seeking a 78 percent rate increase for Medicare suppl
ROBINS TO CLOSE OUT BANKRUPTCY CASE
(Ap) |
This Friday, A.H. Robins Co. becomes a part of American Home Products Corp. of New York. Thi
PRIVATE MONEY TO BUOY FTZ AT FLA. PORT POLITICS THREATEN TO SINK GROWTH
Craig Dunlap |
Foreign Trade Zone No. 25 at Port Everglades, Fla., has enjoyed spectacular annual growth since open
Maritime
AGENTS COMMENCE UPHILL BATTLE OVER BANK POWERS
David Conn |
Insurance agents have begun a lobbying effort to keep banks out of insurance that puts them in an un
COMMODITY BRIEFS
From Wire and Staff Reports |
COCOA BOARD TO MEET IN LONDON THIS WEEKThe Executive Board of the International Cocoa Organi
DOLLAR LOSES GROUND AGAINST DEUTSCHE MARK
Knight-Ridder Financial |
The U.S. dollar fell to a 12-month low Tuesday against the deutsche mark on foreign exchange markets
PURCHASERS DON'T SEE RECESSION IN 1990
Howard Simon |
U.S. purchasing managers expect moderate economic growth in 1990 to avert a recession. Moder
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Dec. 12, 1989 Baltic International Freight Futures MarketPreClose High Low
Transport, Trade and Regulation News
JAPAN'S TRADE SURPLUS DECLINES FOR 7TH CONSECUTIVE MONTH
A.E. Cullison |
Japan's trade surplus, based on customs statistics seasonally unadjusted, fell from the year-earlier
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1604 (Dec. 12, 1989) Previous day - 1603 The Baltic International Freight Futures Market in
Transport, Trade and Regulation News
HONG KONG IMPORTS FROM US SHRINK
P.T. Bangsberg |
Imports from the United States declined 16 percent in October from September, while both exports and
Maritime
SANTA FE, J.B. HUNT FORM ALLIANCE
Kevin Commins |
Atchison, Topeka and Santa Fe Railway and J.B. Hunt Transport Services Inc. have formed an intermoda
Trucking News
TRAFFIC BRIEFS
- From Wire and Staff Reports |
ENGINEERS SUPPORT SUPERMAG PUSH FOR AIDThe Brotherhood of Locomotive Engineers is supporting
Rail News
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FINANCIAL BRIEFS
From Wire and Staff Reports |
FRANCE WILL ABOLISH EXCHANGE CONTROLSFrance will abolish all exchange controls on Jan. 1, 6
ECONOMIC DATA ABROAD
From Wire and Staff Reports |
JAPAN POSTS 8.6 PERCENT RISE IN MACHINERY ORDERSNew private-sector machinery orders received
Maritime
RAILROAD TRAFFIC DECLINES FOR 5TH MONTH IN A ROW
Lawrence H Kaufman |
Rail traffic declined in November for the fifth consecutive month as weakness in the manufacturing s
Rail News
COST OF CREDIT
JOC Staff |
Tue., Dec. 12, 1989 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
NEWS SUMMARY
JOC Staff |
* EC 1992 Regulatory Roundup 4A * A.E. Cullison - Asia View 8A* Don C. Becker - Publisher's
THE ECONOMY
From Wire and Staff Reports |
WHOLESALE INVENTORIES ROSE 1.7 PERCENT IN OCTOBERInventories of U.S. wholesale merchants ros
Maritime
PLASTIC RECYCLING PLANTPLANNED FOR PHILADELPHIA
From Wire and Staff Reports |
E.I. Du Pont de Nemours & Co. and Waste Management of North America Inc. said Tuesday that Philadelp
CORRECTION
JOC Staff |
The Chemicals Products Marketplace brief headlined, "Benzoyl Chloride," which appeared on Page 7A of
NEW MALAYSIAN POLYSTYRENE PLANT WILL USE JAPANESE TECHNOLOGY
P.T. Bangsberg |
Petrochemicals (Malaysia) Sdn. Bhd. said it will build a third plant to make polystyrene resin, usin
USDA DISASTER PAYMENTS REACH $320-MILLION MARK
Knight-Ridder Financial |
The U.S. Department of Agriculture paid out nearly $320 million, or more than one-third of its budge
DRY FALL MAY CUT WHEAT YIELDS
Doug Palmer |
The Agriculture Department's estimate in September that the 1990 U.S. wheat crop would total 2.6 bil
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