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DOLLAR MOVES NARROWLY ON WORLD MARKETS
Knight-Ridder Financial |
The U.S. dollar was mixed in a narrow range Wednesday with dealers citing no clear direction for the
BARCLAYS, SOVIET BANK INK CREDIT CARD DEAL
Janet Porter |
The westernization of the Soviet Union's banking system took another step forward Wednesday when Bar
MULES DEMONSTRATE MORE THAN JUST 'HORSE SENSE'
Billy Bowles |
When a Tennessee mule trader started shipping planeloads of mules to the Afghan rebels last year, ha
S. AFRICAN BAN SEEN COSTING THE US BILLIONS
(Ap) |
A ban on imports of strategic metals from South Africa would cost the U.S. economy at least $1.85 bi
WAR ON LITTER SPREADS TO THE REALM OF SPACE
(Ap) |
When the Soviet Union launched Cosmos 1941 on April 27, it added to the productive satellites in orb
WORLD TODAY
Wire and Staff Reports |
Big Job Loss Foreseen If Minimum Pay HikedPresident Reagan's chief economic adviser predicts
ARBITRATOR QUITS CASE INVOLVING GUILFORD
Howard S. Abramson |
The federal arbitrator named to hear the case concerning the United Transportation Union's six-month
COMPETITIVE CRANE OPERATIONS
JOC Staff |
The Port of Ponce on the southern coast of Puerto Rico continues to invest in its infrastructure in
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Five Firms Commended For Safety in NYThe New York Shipping Association honored five companie
Maritime
BORERS GET A FATAL HELPING OF TOXINS WHEN THEY DINE ON 'VACCINATED' CORN
Boston Globe |
When the European corn borer gains a foothold inside young corn plants, it leaves a trademark of rou
GENERAL ELECTRIC, CARBIDE FORM SILICONE VENTURE
Journal of Commerce Staff |
Union Carbide Corp. and General Electric Co. have reached an agreement to combine their worldwide si
BOSTON ED LAUDS PRIOR APPROVAL FOR NEW PLANTS
Journal of Commerce Special |
Utilities that want to build new generating capacity in Massachusetts now must have state Public Uti
CHANGES IN RULES URGED FOR COMBI TRANSPORTS
Dave Higdon |
Federal Aviation Administration officials Wednesday confirmed they are studying an urgent recommenda
Air Cargo
BALTIC FREIGHT INDEX
JOC Staff |
1455.5 (May 18, 1988) Previous day - 1452.0 The Baltic International Freight Futures Exchang
Maritime
AGRICULTURAL TRADE LEADS
Supplied by the US Department of Agriculture |
Corn Quantity: 70,000 mt in shipments of 15,000. Quality: U.S. #2. Must also meet Egyptian M
BAKER OPTIMISTIC ON WORLD ECONOMY
(Ap) |
U.S. Treasury Secretary James A. Baker III said the world economic outlook was bright but that U.S.
Maritime
EARNINGS PRESIDENTIAL AIRWAYS POSTS $5.5 MILLION LOSS
JOC Staff |
Presidential Airways Inc. lost $5.5 million on revenue of $13.9 million during the first quarter.
Air Cargo
CARGO TERMINAL OPENS AT GENEVA
Frances Williams |
The air freight business through Geneva Airport is soaring up and away, propelled by burgeoning traf
Air Cargo
PEOPLE - EDI
JOC Staff |
COMPUTONE SYSTEMS INC. (Narberth, Pa.) - E.J. Buras was appointed general manager and will oversee
EXPORT OPPORTUNITIES
US Department of Commerce |
Trade leads supplied by: US Department of Commerce , U.S. and Foreign Commercial Service, Room HCHB
Maritime
RAIL AGREEMENT REACHED IN MD.
JOHN H. GORMLEY Jr. |
CSX Corp. and the Maryland Port Administration have agreed on terms for the railroad's use of the in
Maritime
BRAZILIAN DEBT PRICES RISE AHEAD OF AUCTION
Jenifer Otwell |
Traders bid up prices for Brazilian debt recently ahead of the country's May 26 debt-equity conversi
US INVESTORS CONSIDER THIRD WORLD EQUITIES
Journal of Commerce Staff |
Private direct investment accounts for only 14 percent of financial flowsfrom industrial to
CHICAGO TRADERS FOLLOW THE ACTION
Chicago Tribune |
Mike Frehr, a young, aggressive trader at the Chicago Board of Trade, is fond of pointing out that i
PA. FIRMS GET AWARDS FOR EXPORTS
Journal of Commerce Staff |
Gov. Robert P. Casey presented the 1988 Governor's Export Awards to six companies for outstanding ac
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
Visa, Sony Join Pepsi In Soviet TV Ad DealVisa, a credit card provider, and Sony Corp., the
Maritime
STAFFERS WORRY US-CANADA BILL MOVES TOO FAST
Keith M. Rockwell |
The legislation to implement the U.S.-Canada trade accord is moving briskly through Congress, but st
INTEREST CHARGES SPARK ORIENT OVERSEAS LOSS
P.T. Bangsberg |
Orient Overseas (Holdings) Ltd. reported an operating profit of US$61.5 million in the year ended la
Maritime
TRAFFIC BRIEFS GLI GETS ICC NOD ON TRAILWAYS PURCHASE
From Wire and Staff Reports |
The Interstate Commerce Commission Tuesday approved GLI Acquisition Co.'spurchase of Trailwa
Rail News
PACCAR CHALLENGES NAVISTAR LEAD IN HEAVY TRUCKS
Michael S. Lelyveld |
The battle for the heavy-truck industry's top spot flared up again in April as Paccar Inc. raised it
Trucking News
TRUCK FREIGHT TONNAGE RISES, RATES STILL UNDER PRESSURE
Leo Abruzzese |
Freight volume rose sharply in the first quarter for several of the nation's larger trucking compani
Trucking News
BP AMERICA POSTS RISE IN FIRST QUARTER PROFIT
Journal of Commerce Staff |
BP America Inc. said its first quarter operating profit was $576 million, upfrom $507 millio
JAPAN EXPECTED TO BUY MORE OIL
Knight-Ridder Financial |
Japan's oil companies are expected to import an additional 100,000 to 200,000 barrels of oil a day i
US AND USSR PLAN TO PROBE OZONE LAYER
(Ap) |
Soviet and American aircraft will make a series of flights through a large hole in the Earth's prote
QUANTUM UNIT TO EXPAND ITS CAPABILITY FOR R&D
Journal of Commerce Staff |
Quantum Chemical Corp.'s USI division has announced plans to build a $32million centralized research
PEOPLE - CHEMICALS
From Wire and Staff Reports |
ALLIED SIGNAL INC. (Morris Township, N.J.) - John W. Barter was appointed senior vice president, pla
W. INDIES CONFERENCE FREEZES RATES
Canute James |
After several months of discussion, a major shipping conference has told Caribbean shippers it will
Maritime
NARROWER TRADE GAP SPARKS DOLLAR SURGE
Knight-Ridder Financial |
The U.S. dollar rose 1.4 percent against the West German deutsche mark and 0.8 percent against the J
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
LUMBER FIRMS SEE '88 BIT SLOWER BUT STILL GOOD
Journal of Commerce Staff |
Surging exports will help the U.S. forest products industry to have a good year in 1988, even though
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