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ELECTRONICS BRIEFS
From Wire and Staff Reports |
AT&T, TOUCHTONE PLAN NEW SATELLITE SERVICESANTA MONICA, Calif. - Touchtone Video Network Inc
TRAFFIC BRIEFS
From Wire and Staff Reports |
LEND LEASE TO MERGE WITH WHITEFORD UNITMINNEAPOLIS - Lend Lease Trucks has agreed to merge w
Rail News
PORT AUTOMATION MOVING SLOWER THAN EXPECTED
Tony Seideman |
Carving a spot on ship line priority lists is the toughest task facing the Port Authority of New Yor
PRIVATE INVESTMENT SOUGHT IN LAN CHILE
Journal of Commerce Staff |
Backers are seeking private investment for Lan Chile, Chile's national carrier. Corporacion
Air Cargo
TNT ORDERS FREIGHTERS FROM BRITISH AEROSPACE
Dave Higdon |
British Aerospace PLC this week won both British certification for the 146-300, its largest jet, and
Air Cargo
CYANAMID CITED IN RAIL WORKERS' ILLNESSES
(Ap) |
American Cyanamid Co. will be cited for violations as a result of illnesses suffered by several Conr
Rail News
BALTIC FREIGHT INDEX
JOC Staff |
1277 (Sept. 7, 1988) Previous day - 1279 The Baltic International Freight Futures Exchange i
Maritime
FREIGHT RATE FUTURES
JOC Staff |
Sept. 7, 1988 Baltic International Freight Futures Exchange*PrevClose High
Maritime
OLD DOMINION CUTS CARGO CLAIMS, LIFTS PROFIT
Leo Abruzzese |
Tighter cost controls and fewer cargo claims helped Old Dominion Freight Line Inc. nearly triple its
Trucking News
THAILAND TACKLES BOXPORT CONGESTION
P.T. Bangsberg |
Stung by the threat of hefty surcharges by shipowners, the Port Authority of Thailand has drawn up c
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
AMERICAN TO EXPAND SAN JUAN CARGO HUBDALLAS - American Airlines said it will spend $100 mill
Air Cargo
MARAD GIVES SCRAPPING PERMIT, SEEKS OFFERS FOR ICEBREAKER
Journal of Commerce Staff |
The Maritime Administration has given its permission for the foreign scrapping of a 323-foot fishing
Maritime
KOREA TO PRIVATIZE AILING COMPANY
Knight-Ridder Financial |
South Korea will privatize the state-run Korea Heavy Industries & Construction Co. later this year t
LONDON TEACHES OLD DOCKS SOME NEW TRICKS
Janet Porter |
For more than 100 years, ships from the United States, Africa and far-flung outposts of the British
BANK PROFITS RISE SHARPLY
Leah R. Young |
U.S. commercial banks earned $10.5 billion in the first half of 1988, a stunning turnaround reflecti
EC ADOPTS PLAN FOR SOCIAL POLICY
(Ap) |
The European Community Wednesday adopted plans to cut unemployment and maintain living standards in
ASBESTOS LAWSUITS MAY HURT REAL ESTATE
Journal of Commerce Staff |
Millions of dollars could hinge on the outcome of several lawsuits being brought against corporation
LLOYD'S REPORTS PROFIT OF 211 MILLION IN 1985
Journal of Commerce Staff |
Lloyd's of London reported a profit of 211 million for the 1985 accounting year, the insurance conc
PROPOSITION 100 BACKERS HIT OPPONENTS' CLAIMS
(Ap) |
Backers of a November ballot measure that would give good drivers a 20 percent insurance rate cut sh
DEL. ORDERS CORRECTION IN CAR COVER
Journal of Commerce Staff |
Delaware Insurance Commissioner David N. Levinson has directed Metropolitan Property and Liability I
CALIF. EXECUTIVE PLEADS GUILTY
(Ap) |
An insurance executive pleaded guilty to conspiring to launder campaign contributions from a develop
INSURANCE BRIEFS
Wire and Staff Reports |
GUNTER IS HEADED FOR RUNOFF IN PRIMARYFORT LAUDERDALE, Fla. - Florida Insurance Commissioner
BAT OPTIMISTIC ON FARMERS DEAL
Janet Porter |
BAT Industries PLC, the British tobacco, retailing, paper and financial services conglomerate, expec
US EXPERTS HELP BRING ORDER TO LIBERIAN FINANCIAL SYSTEM
(Ap) |
Despite initial skepticism, U.S. officials are pleased with an experiment in which 17 American finan
INSURANCE EARNINGS
Wire and Staff Reports |
The Aegon Insurance Group, Holland's second largest insurer, reported net income of $94 million, or
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
WORLD MONEY FRONT US DOLLAR MOVES BROADLY LOWER
Knight-Ridder Financial |
The U.S. dollar moved broadly lower Wednesday, especially against the Japanese yen. We were
JAPAN REVIEWING CITIBANK PLAN
Knight-Ridder Financial |
A Ministry of Posts and Telecommunications official said the agency is looking at a proposal from Ci
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
US SOLD $2.9 BILLION TO SLOW DOLLAR'S RISE
Gordon Platt |
The U.S. Treasury and Federal Reserve sold $2.9 billion in the foreign exchange markets in the three
PEOPLE - FINANCIAL
From Wire and Staff Reports |
COLE & DEITZ (New York) - Stephen G. Austin was named a member of this law firm, specializing in mar
COST OF CREDIT
JOC Staff |
Wed., Sept. 7, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
FINANCIAL BRIEFS
From Wire and Staff Reports |
W. GERMANY TO CANCEL $4 BILLION OF LDC DEBTBONN, West Germany - Finance Minister Gerhard Sto
ARGENTINA LIKELY TO GET $4 BILLION
(Ap) |
Creditors are not happy about lending Argentina another $4 billion to help pay interest on its forei
COMMODITY BRIEFS
From Wire and Staff Reports |
SENATE GIVES APPROVAL TO RUBBER PRICE PACTBy a vote of 97-0, the Senate Wednesday voted to r
JOURNAL OF COMMERCE INDUSTRIAL PRICE INDEX
JOC Staff |
Annual 1 Mo. 3 Mo. Daily Smoothed Ago Ago Year9/7 9/6 Chan
COCOA PACT NOT DESIGNED TO DEAL WITH GLUT
Knight-Ridder Financial |
The economic provisions of the 1986 International Cocoa Agreement were not designed to deal with the
SOVIET GRAIN PURCHASES MAY UNDERPIN MARKETS
Howard Simon |
The Soviet Union's forays into the world's grain markets will result in the sale of several million
OPTIMISM REMAINS DESPITE PRICE FALL
Journal of Commerce Staff |
Although Chicago Board of Trade agriculture futures traders continue to view the recent spat of grai
WOOL REGAINS NO. 1 SPOT ON AUSTRALIA EXPORT LIST
Vincent W. Stove |
Wool has regained the top spot among Australia's exports for the first time in 10 years. The
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