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PA. GOVERNOR URGES COOLING-OFF PERIOD FOR CAT FUND ACTION
John H. Baer |
Pennsylvania Gov. Robert P. Casey asked the state Legislature to wait until after the November elec
PRIVATE SUIT AGAINST INSURERS DROPPED FOR TECHNICAL REASONS
Paula L. Green |
At least one of the approximately 18 federal class-action antitrust suits that private parties have
US INSURERS WANT PACT WITH CANADA CLARIFIED
Leah R. Young |
The American Insurance Association is asking for congressional clarifications to ensure that the U.S
AUTO REFORM PLAN DEFEATED IN NJ
(Ap) |
An Assembly committee has defeated a proposal to replace the state's automobile insurance system wit
INSURANCE BRIEFS
From Wire and Staff Reports |
Batus Still Willing To Hike Bid for FarmersPatrick Sheehy, chairman of Batus Inc., told dire
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
REGIONAL BANKS FLEE LDC SYNDICATES
Gordon Platt |
Brazil and Argentina are seeking billions of dollars of new bank loans at a time when many regional
LEGISLATOR BACKS W. GERMAN FUNDS
Knight-Ridder Financial |
The introduction of money market funds in West Germany would not cause problems for controlling the
TOKYO STOCK EXCHANGE TO ADMIT 16 FOREIGN SECURITIES FIRMS
A.E. Cullison |
Sixteen foreign securities companies will be formally admitted to the Tokyo Stock Exchange today, al
PEOPLE - FINANCIAL
Wire and Staff Reports |
AMERITRUST CO. (Cleveland) - James W. Otto was named executive vice president and chief financial of
SELLING ORDERS LIMIT DOLLAR'S UPWARD MOVE
Kevin Commins |
Selling by Japanese corporations and foreign central banks may prevent thedollar from mounti
COST OF CREDIT
JOC Staff |
Fri., May 20, 1988 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.K
IRVING BANK REJECTS SWEETER TAKEOVER BID
(Ap) |
Irving Bank Corp. said Friday its board unanimously rejected Bank of New York's conditional sweetene
TOKYO CURRENCY TRADERS FOCUS ON AUSTRALIAN DOLLAR
Knight-Ridder Financial |
Trading interest centered around the Australian dollar here Friday as the U.S. dollar and other majo
WHEAT FARMERS CONSIDER SWITCH TO OTHER GRAINS
Howard Simon |
Wheat farmers may divert land earmarked for winter wheat planting to the production of soybeans and
CME DEFINES FRONT-RUNNING
Knight-Ridder Financial |
The Chicago Mercantile Exchange is in the process of circulating a definition of front- running that
COMMODITY BRIEFS
Wire and Staff Reports |
Soviet Grain Imports In 1988-89 Could FallBelgium - The Soviet Union's grain import requirem
PANEL PROBES NORTHROP PAYMENTS
(Ap) |
A congressional subcommittee is trying to determine if the $6.5 million Northrop Corp. invested in a
Maritime
AGRICULTURAL TRADE LEADS
Supplied by U.S. Department of Agriculture |
Fresh citrus fruit Quantity: 25-150 tons, dependent upon price. Quality: best. Packaging: no
CRAIG WEBB'S TRADE TALK
Craig Webb |
TRUTH IN JEST: Commerce Department Undersecretary Paul Freedenburg cracked several jokes about the S
Maritime
PHILIPPINE SENATOR BLASTS US PRESSURE ON PHARMACEUTICALS
(Ap) |
A Philippine lawmaker has criticized two U.S. senators for allegedly pressuring President Corazon Aq
Maritime
US, EC FARM OFFICIALS EXPECTED TO CLASH OVER SUBSIDY POLICIES
Barry Moore |
U.S. Agriculture Secretary Richard Lyng and European Community Farm Commissioner Frans Andriessen ap
PEOPLE - EXPORTS
From Wire and Staff Reports |
CALIFORNIA PISTACHIO COMMISSION (Fresno, Calif.) - Ron Sether was named president, replacing Robert
Maritime
MEXICAN CANDIDATE VOWS ECONOMIC POLICY SHIFTS
(Ap) |
Presidential candidate Carlos Salinas de Gortari pledged to open Mexico further to foreign investmen
Maritime
US SAYS ONUS ON JAPAN IN BEEF, CITRUS DISPUTE
(Ap) |
The United States is willing to continue talks on liberalizing Japan's market for imported beef and
Maritime
IBM SAYS EC DROPS ANTITRUST INQUIRY
(Ap) |
International Business Machines Corp., confirming an important legal victory, said the European Comm
Maritime
MONTREAL ILA LOCAL THREATENS BREAKAWAY
Leo Ryan |
Montreal longshoremen Friday overwhelmingly rejected a federal mediator's recommendations to end a p
CHINA BUYS MORE GOODS IN US
Noel Fletcher |
Chinese companies bought more U.S. products during the first quarter of this year than in the corres
Maritime
INTERNATIONAL CALENDAR
JOC Staff |
Quarterly meeting of the Border Trade Alliance. May 22-24. Sheraton Grand Hotel, Washington. Session
Maritime
INSURERS FACE LOSSES ON CALIFORNIA CONDOS
Laura Raley Borda |
California real estate developers, contractors and their insurers are facing millions of dollars in
CHEMICAL BRIEFS
Wire and Staff Reports |
Praxis Biologics Signs Vaccine R&D ContractROCHESTER, N.Y. - Praxis Biologics Inc. announced
WASTE PAPER RECYCLING ROSE IN '87
Journal of Commerce Staff |
Recycling of waste paper in the United States continued to increase in 1987, reaching a rate of 26.3
SMITHKLINE, NOVA TO SET UP DRUG DEVELOPMENT PARTNERSHIP
Journal of Commerce Staff |
SmithKline Beckman Corp. is planning to invest $49 million in Nova Pharmaceutical Corp. in a two-sta
MOBIL CHEMICAL PLANS EXPANSION OF TEXAS PLANT
Journal of Commerce Staff |
Mobil Chemical Co., a unit of Mobil Corp., is increasing polyethylene production in the United State
AVIATION BRIEFS
From Wire and Staff Reports |
BAe to Boost Share In Simulator CompanyBritish Aerospace (Holdings) Inc. Thursday revealed p
Air Cargo
IMMUNETECH SIGNS PACT WITH JAPAN'S TANABE
Journal of Commerce Staff |
Immunetech Pharmaceuticals and Tanabe Seiyaku Co., one of Japan's largest pharmaceutical companies,
PEOPLE - CHEMICALS
From Wire and Staff Reports |
QUANTUM CHEMICAL CORP. (New York) - John Hoyt Stookey, chairman, announced a reorganization of senio
EPITOPE, DU PONT SIGN PLANT R&D AGREEMENT
Journal of Commerce Staff |
Epitope Inc. signed a collaborative research agreement with E.I. du Pont de Nemours & Co. for develo
CHEMICAL EARNINGS
Wire and Staff Reports |
BOC Group's Net Rose in First HalfWINDLESHAM, United Kingdom - The BOC Group PLC reported ne
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