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FINANCIAL BRIEFS
Wire and Staff Reports |
NO CONSENSUS ON RATES BY GROUP OF SEVENLONDON - Prime Minister Margaret Thatcher said Thursd
CORPORATE PROFITS FELL IN FIRST QUARTER
(Ap) |
After-tax corporate profits fell 1.0 percent in the first quarter of this year, the worst performanc
CSX DERAILMENT RELEASES CLOUD OF PHOSPHORUS OVER KENTUCKY
(Ap) |
A toxic cloud of burning phosphorus spewed from a derailed rail tanker and spread slowly across five
EC TARGETS TOXIC WASTE EXPORTS
(Ap) |
The European Community announced Wednesday it would take urgent action to reduce exports of toxic wa
SATELLITES MAY PLAY PART IN AIR TRAFFIC CONTROL
Dave Higdon |
The Federal Aviation Administration plans tests this summer of a new concept in air traffic control
Air Cargo
SEAWAY GAUGES THE WEATHER USING EDI
Journal of Commerce Staff |
The St. Lawrence Seaway Development Corp. is wants to know if its customers want to start communicat
ARGENTINA APPROVES 15 DEBT-SWAP PROJECTS
Jeremy Morgan |
The Argentine central bank approved 15 of the 18 proposals put forward under the government's third
'EXPORT NOW' WOULD DOUBLE JAPANESE IMPORTS OF US GOODS
(Reuter) |
Japan and the United States are near agreement on a new project that both hope will double Japanese
Maritime
YEN'S CLIMB FORCING JAPAN TO EXPORT OUTPUT
A.E. Cullison |
Officials of the Japan Machinery Exporters' Association warned Thursday that the country will have t
ELECTRONICS BRIEFS
From Wire and Staff Reports |
CIPHER DATA, WANGTEK REACH SETTLEMENTSAN DIEGO - Cipher Data Products Inc. said it has reach
DOLLAR GAINS VS. DEUTSCHE MARK, DECLINES MARGINALLY AGAINST YEN
Knight-Ridder Financial |
The U.S. dollar was narrowly mixed Thursday, rising slightly against the deutsche mark and falling m
LABOR-MANAGEMENT PRACTICES SAID TO TRAIL NEW TECHNOLOGY
Mark Magnier |
Containerization began more than 25 years ago but many labor-management practices still have not cau
Maritime
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
GREG JOHNSON - MANAGING TRAFFIC
Greg Johnson |
MORE HAGGLING IS IN STORE between shippers and truckers over the shippers' undercharge plan.
Trucking News
IMPORT BRIEFS
Wire and Staff Reports |
US-CHINA TRADE GROUP CHANGES ITS NAMEThe National Council for U.S.-China Trade has changed i
Maritime
LATIN MINISTERS TO MEET ON DEBT, TRADE
(Reuter) |
Latin American foreign ministers will meet in the southern Mexican city of Oaxaca on Saturday with s
PERSONAL SAVINGS DROP SLIGHTLY
Knight-Ridder Financial |
Personal savings as a percentage of disposable income dipped to 4.7 percent in the first quarter fro
PENNWALT CORP. BOLSTERS ITS TAKEOVER DEFENSES
Glenn Burkins |
More shots were fired Tuesday in what is becoming a bitter fight to control Pennwalt Corp., the Phil
CHEMICAL MARKETS
Journal of Commerce Staff |
AIR PRODUCTS HIKES CATALYST PRICEALLENTOWN, Pa. Air Products & Chemicals Inc. is raising al
HOUSE PANEL KEEPS TAX CREDIT FOR RESEARCH
John Boyd |
The House Ways and Means Committee voted Thursday to extend the expiring tax credit for research and
AVIATION BRIEFS
From Wire and Staff Reports |
BILL WOULD TIGHTEN SECURITY AT AIRPORTSSecretary of Transportation Jim Burnley has sent to C
Air Cargo
2 UTILITIES SET DEMAND RECORDS
Journal of Commerce Staff |
Detroit Edison Co. on Wednesday, for the sixth time this month, reported record peak electricity dem
AMTRAK, RAIL UNIONS DEBATE COVERAGE SHIFT
George F.W. Telfer |
Amtrak's chairman and rail union presidents hotly debated the government- owned passenger line's bid
Rail News
STRONG PESO, FREER TRADE TRIM MEXICAN SURPLUS
WILLIAM A. ORME Jr. |
A strengthening peso and trade liberalization reforms have prompted a burst in import spending that
Maritime
SHIP LINES HAIL NEW YORK CUTS IN CARGO FEES
Gloria Joseph |
Lower fees for handling cargo at New York area docks may lead carriers to route more cargo through t
NEWS SUMMARY
JOC Staff |
* Customs Update 4A * Craig Dunlap's Trade Talk 5A* Exports Reveal True US Health 8A
CRAIG DUNLAP'S TRADE TALK
Craig Dunlap |
THE SPRING GLUT of trade and transportation conferences throughout the Southeast has come to a close
Maritime
TAIWAN PLANS SHOPPING SPREE IN THE US FOR SEPTEMBER
P.T. Bangsberg |
The government in Taiwan is preparing another official Buy American mission for September, having an
Maritime
MEXICANS CANCEL PLAN FOR COPPER MINE SALE
WILLIAM A. ORME Jr. |
A government finance agency said it is canceling an announced US$910 million sale of a state-owned c
BENTSEN INTRODUCES A SECOND TRADE BILL
Keith M. Rockwell |
Sen. Lloyd Bentsen, D-Texas, introduced a second trade bill Thursday, stripped of both the controver
OIL MARKET REVISED CONTRACT FOR BRENT CRUDE OFF TO GOOD START
Edwin Unsworth |
The International Petroleum Exchange Thursday managed a successful launch of its revamped futures co
CORRECTION
JOC Staff |
In the Quota Watch column that appeared on June 14, the country for category 351 (nightwear & pajama
Maritime
ADMINISTRATION ANTICIPATES STRONGER GROWTH, MORE JOBS
John Boyd |
The Reagan administration raised its official forecast for 1988 economic growth and lowered its unem
UNION CARBIDE WILL RESTRUCTURE THREE OF ITS KEY BUSINESS UNITS
Journal of Commerce Staff |
Union Carbide Corp. announced that the company's board of directors has endorsed a restructuring of
INVESTORS IN BRAZILIAN CELLULOSE PROJECT MAY TURN TO IMPORTS
James Bruce |
Investors in a $770.5 million cellulose project are telling local suppliers to submit new, lower pri
TRUCK CONTROLS A TOP ISSUE IN S. KOREA SHIPPING
Hannah Moore |
The most pressing issue that exists between maritime officials in Korea and the United States has to
Maritime
ARCO ANNOUNCES PLANS FOR BUTANEDIOL PLANT AT COMPLEX IN TEXAS
Journal of Commerce Staff |
Arco Chemical Co. announced plans to build a 75 million-pound-a-year butanediol and derivatives faci
PEOPLE - INSURANCE
From Wire and Staff Reports |
CIGNA CORP. (Philadelphia) - George R. Trumbull was named president of the Cigna Investment Group, a
BATUS FILES CALIF. SUIT ON FARMERS' TAKEOVER
William Armbruster |
Batus Inc. sued the California Insurance Department in an effort to reverse the state agency's refus
SENATE DELAYS POSTAL CONTRACT
Knight-Ridder Newspapers |
The Senate has put the brakes on what one member called A very, very sweet deal giving H. Ross Perot
Air Cargo
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