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FINANCIAL BRIEFS
From Wire and Staff Reports |
JAPAN TO CUT STAKE IN INVESTMENT AGENCYJapan's stake in a proposed Asian investment agency w
ANTI-CROSS TRADE PACT SAPS SIMEX VOLUME
Lor Siew Kiow |
Futures volume here has slumped since Tuesday, following an informal agreement among leading futures
NO ACCORD YET ON PLAN FOR FOREIGN-YARD WORK
WILLIAM DiBENEDETTO |
A House maritime subcommittee is still trying to get industry consensus on a proposal to limit the a
Maritime
REPORT FINDS INSURERS BEST EQUIPED TO SOLVE THEIR OWN PROBLEMS
Cristina Lee |
Despite a rise in insolvency problems, insurers can right their own wrongs and patrol their own back
JUA AUDIT FINDS SLOPPY PRACTICES COST $750 MILLION, NEWSPAPER SAYS
(Ap) |
At least one-quarter of the Joint Underwriting Association's estimated $3 billion deficit can be att
HALF OF ALL AMERICANS ARE IN 37 METRO AREAS
(Ap) |
Nearly half of all Americans reside in just 37 metropolitan areas, with almost nine-tenths of the na
EC PREPARES FOR '92 MOVE WITH A WAR ON SUBSIDIES
Bruce Barnard |
The European Community Commission has declared war on the huge state subsidies that threaten to squa
CONTRACT FREIGHTERS EXPANDS AIR CARGO TRANSPORT SERVICE
Journal of Commerce Staff |
A Missouri company is getting further into the air freight business using trucks. Glenn Brow
Air Cargo
BRITAIN EXPECTS ARGENTINE TRADE TO GROW SLOWLY
Edwin Unsworth |
Argentina's announcement this week that it is prepared to lift trade restrictions with Britain is we
Maritime
CME TIGHTENS ITS TRADING RULES
Anita Schrodt |
The board of the Chicago Mercantile Exchange this week adopted changes in CME trading rules aimed at
GERMAN JOBLESS RATE ROSE TO 7.7 PERCENT IN JULY
Knight-Ridder Financial |
West Germany's unemployment rate rose to 7.7 percent in July from 7.4 percent in June, as school vac
Maritime
POSTAL SERVICE DEFENDS EXPRESS MAIL AWARD AIR TRAIN HELD MOST QUALIFIED
Ira Breskin |
Air Train Inc. won the two-year, $172.6 million contract to operate the Express Mail network because
Air Cargo
CORRECTION
JOC Staff |
A story on Page 1B of some Aug. 3 editions of The Journal of Commerce under the headline, "ILA Rank-
Maritime
CONTRACT COVERS ENTIRE SHIP CREW
Journal of Commerce Staff |
The American officers and crews aboard two liquefied natural gas tankers are covered by a unique con
Maritime
FARM PANEL OKS BILL ON CFTC REAUTHORIZATION
Knight-Ridder Financial |
The House Agriculture Committee Wednesday unanimously approved a comprehensive bill that would reaut
FIRST MISSISSIPPI UNIT, MOBAY TO COOPERATE IN ANILINE PLANT
Journal of Commerce Staff |
First Mississippi Corp. of Jackson, Miss., and Mobay Corp. of Pittsburgh plan to jointly develop a 2
SURVEY CONDEMNS SECTION 89 LAW AS VERY COSTLY, ANTI-PRODUCTIVE
David Conn |
A survey released this week by a business research group blasted a controversial health benefits law
CHICAGO MARKET SCANDAL SEEN SCARING OFF USERS GLOBEX PLANS COULD SUFFER
Kevin Commins |
Potential users of the futures markets may be frightened away in the aftermath of the indictment of
INSURANCE EARNINGS
From Wire and Staff Reports |
TRAVELERS' NET INCOME $114 MILLION IN QUARTERHARTFORD, Conn. - Travelers Corp. reported seco
TERRORIST THREATS DRIVE JAPANESE FROM CHINA
Noel Fletcher |
Japanese businessmen, among the first foreigners to return after the crackdown on pro-democracy demo
USERS FIND FOUR CAUSES FOR BANGKOK PORT JAMS
Mark Magnier |
Carriers, government officials and shippers trace the congestion problem at Bangkok's Klong Toey por
ANALYSTS EXPECT COURT APPROVAL OF SANKO PLAN MORE OF DEBT TO BE REPAID
A.E. Cullison |
Revised restructuring plans submitted to the Tokyo District Court by Japan's debt-ridden Sanko Steam
Maritime
FRENCH AGREE TO SUBSIDIZE BUILDING OF GIANT CRUISE SHIP
Journal of Commerce Special |
The government has agreed to subsidize the construction of a giant cruise ship by France's last rema
Maritime
AVIATION EARNINGS
Wire and Staff Reports |
BRITISH AIRWAYS PROFIT HITS $103 MILLIONBritish Airways PLC on Thursday announced first quar
Air Cargo
STRONG CANADIAN GROWTH EXPECTED TO CONTINUE BUSINESS SPENDING TO FUEL EXPANSION
Leo Ryan |
Canadian businesses will continue strong spending this year, pushing the Canadian economy along a pa
Maritime
CARRIERS LIKE IMPROVEMENTS AT BANGKOK PORT
Mark Magnier |
A walk through Klong Toey, Thailand's largest port, provides a quick lesson in why ocean cargo opera
MARITIME BRIEFS
From Wire and Staff Reports |
CONFERENCE'S REQUEST TO FIX ERROR DENIEDThe Federal Maritime Commission rejected a request f
Maritime
FREE MARKET GETS CREDIT FOR EASING CRISIS
Ed Pope |
The year was 1979, and a minor rift in the world's supply of oil sent lines of cars snaking for bloc
REDDAWAY TRUCK BECOMES PART OF TNT FLEET
Leo Abruzzese |
TNT North America Inc. announced the acquisition of a Northwestern trucking company, the latest step
Trucking News
OPEC OUTPUT HELD STEADY IN JULY
Knight-Ridder Financial |
The Organization of Petroleum Exporting Countries' crude oil production stood at 21.3 million barrel
FREIGHT RATE FUTURES
JOC Staff |
Aug. 3, 1989 Baltic International Freight Futures MarketPreClose High Low
Maritime
FRANCE TO PROBE EUROTUNNEL TRADING
From Wire Reports |
France's stock market watchdog body said Thursday it would investigate trading before July 21 of sha
Rail News
BALTIC FREIGHT INDEX
JOC Staff |
1390 (Aug. 3, 1989) Previous day - 1390 The Baltic International Freight Futures Market in L
Maritime
TORRID CONSUMER DEMAND DRIVES UP MIATA PRICES
Jim Mateja |
A man walked into a West Coast auto dealership with a briefcase stuffed with $25,000 in cash. He off
Maritime
NEWS SUMMARY
JOC Staff |
* Customs Update 4A * Tim Sansbury - Coal Exports 7B* John F. Ahearne - Nuclear Power and Ef
US TO ENDORSE RECOVERY PLAN OF MEXICANS
Keith M. Rockwell |
The Bush administration will roundly endorse the economic recovery plan of Mexican President Carlos
JAPANESE STEEL BACKS CURRENT US QUOTA
A.E. Cullison |
Japanese steel executives believe their government will press for retention of the current U.S. quot
CMA CAUTIOUS ABOUT RETURN TO US ROUTES FIRST ATTEMPT LED TO LOSSES
Barbara Casassus |
Compagnie Maritime d'Affretement is looking at re-establishing liner service between Europe and Nort
Maritime
BANKS BALK AT HONG KONG AIRPORT FUNDING
Journal of Commerce Staff |
Private-sector banks, spooked by China's ruthless suppression of a pro- democracy movement, are show
Air Cargo
AVIATION BRIEFS
Wire and Staff Reports |
AMERICAN IS OPTIMISTIC ON AEROFLOT MEETINGSFORT WORTH, Texas - Two American Airlines vice pr
Air Cargo
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