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FINANCIAL BRIEFS
Wire and Staff Reports |
S. KOREA CUTS BACK ON LOANS FOR IMPORTSSEOUL, South Korea - The Bank of Korea, the South Kor
COST OF CREDIT
JOC Staff |
Fri., June 2, 1989 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
WHITE HOUSE BALKS AT TACOMA LAND DEAL
John Davies |
The White House says it is opposed to a $77 million federal lands settlement with the Puyallup India
Maritime
BOX FACILITY MAY EASE DELAYS AT THAI PORT
P.T. Bangsberg |
A container freight station just opened in Bangkok may help ease delays at Thailand's main boxport,
Maritime
ELECTRONICS BRIEFS
From Wire and Staff Reports |
U S WEST JOINS GROUP TO STUDY SOVIET PROJECTENGLEWOOD, Colo. - U S WEST International and si
WAH KWONG REPORTS 60 PERCENT RISE IN PROFIT
P.T. Bangsberg |
Wah Kwong Shipping Group Ltd. posted a profit of US$44.6 million for the year through last March 31,
Maritime
ANALYSTS EXPECT IMMINENT CUT IN PRIME RATE
Pomesh Sahi |
U.S. commercial banks are expected to cut their prime rate soon, perhaps today, amid a recent wideni
CONFERENCE ADJUSTS PLANNED BOX USE FEE FOR DOMINICAN PORTS
Craig Dunlap |
The group of shipping lines that sets rates on cargo shipped between the United States and the Domin
Maritime
CGM EXPECTED TO JOIN PACT
Edwin Unsworth |
Industry sources say Compagnie Generale Maritime, France's largest shipowner, and three shipping lin
Maritime
NJ AUTO COVER PROFITS SAID TO OUTPACE NATIONAL RATE
(Ap) |
Auto insurance companies have reaped higher profits in New Jersey than in the nation as a whole in r
DEVELOPERS BID FOR THEME PARKS IN EUROPE
Mike Leary |
"Let's go with Christopher Columbus," beckoned the young tour guide, leading a group of visitors int
Maritime
$48 MILLION SETTLEMENT IN HALL INSURANCE CASE
Cristina Lee |
Frank B. Hall & Co. agreed Friday to pay a $48 million settlement to end a two year legal battle wit
BUNDESBANK CHIEF DISCUSSES PRICES
Knight-Ridder Financial |
Bundesbank President Karl Otto Poehl said he does not think inflation in the industrialized countrie
ICC SUES PILOT TO RECOVER OVERCHARGES, FREIGHT CLAIMS
Leo Abruzzese |
The Interstate Commerce Commission filed suit against defunct Pilot Freight Carriers Inc., charging
Trucking News
FOREIGN SUPPLIERS SEEK LNG BUYERS IN THE NORTHEAST
Chris Dupin |
Foreign natural gas suppliers are soliciting gas utilities in the Northeast to see if they are inter
PEOPLE - FINANCIAL
Wire and Staff Reports |
ANSPACH GROSSMAN PORTUGAL (New York) - Laurence D. Ackerman was named a principal in this identity m
MORE OPPORTUNITY, MORE COMPETITION
Russ Banham |
While the breakdown of trade barriers in Europe will provide opportunities for Lloyd's of London, th
ENERGY BRIEFS
Wire and Staff Reports |
ORYX ENERGY FINDS GAS IN GULF OF MEXICOOryx Energy Co. made a natural gas discovery in the G
SPAIN SEEKS GLOBAL MARKET ROLE
Janet Porter |
Want some evidence of Spain's effort to conform to the norms of the European Community? Just
PORTS URGED TO ANTICIPATE TRADE CHANGES
John Davies |
Ports around the world will have to reshape themselves to deal with new trading blocs in Asia and Eu
MERGER CREATES WORLD'S BIGGEST LINE
Journal of Commerce Staff |
Two Japanese shipping companies merged Thursday to create Navix Line, the world's largest global oce
Maritime
SENATE EXTENDS AID TO RAILS
Journal of Commerce Staff |
The Senate has voted to continue subsidizing local freight railroad lines that otherwise would be ab
Rail News
ALASKA TO IMPOSE OIL TAX TO FUND PROBE OF SPILL
John Davies |
The state of Alaska is creating its own board to investigate the Exxon Valdez oil spill and will fun
SOVIET ACTIVIST LINKS PERESTROIKA, POLLUTION
(Ap) |
Mikhail S. Gorbachev has made it easier for environmentalists to talk about pollution problems in th
OXYCHEM TO PAY CLEANUP COSTS AT LOVE CANAL
John Maggs |
After 10 years of legal wrangling, Occidental Chemical Co. has agreed to help pay for the cleanup of
COMPUTER FIRMS WARY OF SHIFT ON SOVIET TRADE
Michael S. Lelyveld |
Computer makers along Massachusetts' high-tech beltway, Route 128, welcome the easing of curbs on ex
SPOT PRODUCT PRICES
JOC Staff |
June 1, 1989 U.S. spot oil products price indications, sellers range, in cents per gallon, f
NEWS SUMMARY
JOC Staff |
* Customs Update 4A * Howard Simon - Simon Says 6A* Greg Johnson - Managing Traffic 2B
WIDENING DEFICIT ALARMS MADRID
Vanya Walker-Leigh |
Official complacency on Spain's permanent trade deficit turned into concern on last week's publicati
TELECOM HIRING SET FOR NY, NJ DOCKERS
Journal of Commerce Staff |
The Waterfront Commission of New York harbor said the 36-year-old personal appearance system for the
Maritime
BUSH OPPPOSES OIL RESERVE BILL
Knight-Ridder Financial |
The Bush administration said it opposed a bill the Senate passed late Wednesday that would enlarge t
NY ATTORNEY GENERAL SUGGESTS NIMO REPLACE TOP MANAGEMENT
(Ap) |
Niagara Mohawk Power Corp. should consider replacing its top managers to help solve its financial pr
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Trade leads are supplied by: US Department of Agriculture, Foreign Agricultural Service Agri
Maritime
COMPUTER HACKER RING BROKEN UP BY AGENTS
Chicago Tribune |
Federal agents believe they have broken up a nationwide ring of hackers who allegedly forced their w
JUDGE WANTS TO HEAR PLEA FROM PENNWALT EXECUTIVE
(Ap) |
A federal judge refused to accept a guilty plea from Pennwalt Corp. in the settlement of a pollution
FARM PRICES ROSE 2.7 PERCENT LAST MONTH
(Ap) |
Overall prices on farm products edged upward last month, with record demand for broilers, potatoes a
CHEMICAL BRIEFS
Wire and Staff Reports |
MONTEDISON MAKES BID FOR AUSIMONT UNITWALTHAM, Mass. - Ausimont NV announced that it receive
INTERNATIONAL BRIEFS
Wire Reports |
OECD MINISTERS ATTACK 'UNILATERALISM'Disputes over world trade and criticism of the United S
Maritime
ELECTRONICS CALENDAR
JOC Staff |
EDI: Information Partnerships and Competitive Advantage III - Maximizing the Benefits of Electronic
WILL COMPUTERS EVER HAVE THEIR DAY IN COURT?
Rory J. O'connor |
Los Angeles Judge Bert Glennon Jr. sits on his bench, listening to an attorney drone on in the case
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