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FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
USAA AUTO INSURER UNVEILS AIR BAG INCENTIVES
Leah R. Young |
USAA, the insurance company for military officers and dependents, is kicking off a new insurer-led d
DOLLAR DECLINES BROADLY
Knight-Ridder Financial |
The dollar declined broadly Wednesday despite talk of Federal Reserve intervention to support the U.
FINANCIAL BRIEFS
Wire and Staff Reports |
Soviets Establishing Cooperative BankMOSCOW - The Soviet Union is establishing a cooperative
PHILADELPHIA EXPANDS NIGHT TRADING
(Ap) |
The Philadelphia Stock Exchange has added futures and options trading on the British pound and the S
IRAN SEEKING END OF ARGENTINE BAN
Knight-Ridder Financial |
Iran has reportedly asked Argentina to end its 45-day-old embargo on grain shipments, after making a
HONG KONG'S CHEUNG KONG POSTS 23 PERCENT RISE IN PROFIT
P.T. Bangsberg |
Cheung Kong (Holdings) Ltd., flagship of entrepreneur Li Ka-shing, reported that its profit rose 23
Maritime
AUSTRIANS ARE WORRIED WALDHEIM CONTROVERSY WILL HURT BUSINESS
(Ap) |
Austrians are worried that the uproar over President Kurt Waldheim is bad for exports and may also m
Maritime
FEDERAL SPENDING IN US AVERAGES $3,433 A PERSON
(Ap) |
Federal spending averaged nearly $3,433 an American in 1987, about $41 more than the year before, th
RAILS LEAD THE FIELD OF POSSIBLE SUITORS
Mark Magnier |
Virtually all of the major U.S. railroads, with the exception of Santa Fe Southern Pacific Corp. and
IMPORT BRIEFS
Wire and Staff Reports |
Vatican Radio to Help Produce, Market CDsVatican Radio and an Italian record company agreed
Maritime
BRAZILIAN FIRM GETS COURT NOD TO CONTINUE COPYING MACINTOSH
James Bruce |
Brazil's Unitron Engenharia Industria e Comercio Ltda. at least temporarily sidestepped a government
OCCIDENTAL UNIT TO CHANGE NAME
Journal of Commerce Staff |
Occidental Petroleum Corp. announced Wednesday that effective April 1, its Cities Service Co. subsid
COLUMBIA NATURAL LOSES APPEAL IN CONTRACT CASE
(Ap) |
An appeals court upheld federal regulators' refusal to let Columbia Natural Gas Transmission Corp.,
2 KY. COAL COMPANIES CLOSE MINES WHILE A 3RD SIGNS PACT
Tim Sansbury |
Two major Kentucky coal companies shut down mines during the past week but a third producer disclose
MARITIME BRIEFS
From Wire and Staff Reports |
Seattle Panel to Define Port Director DutiesA panel of 19 waterfront and community leaders t
Maritime
IRAQI PLANES ATTACK CYPRIOT TANKER IN GULF
(Ap) |
Iraqi warplanes attacked a Cypriot tanker off Iran's coast Wednesday. In another development
Maritime
SHIP AGENCY DEVELOPS INLAND PORT SOFTWARE
Journal of Commerce Staff |
The Maritime Administration has released a newly developed automated information system for use by p
Maritime
EDI BRIEFS
From Wire and Staff Reports |
Officials Break Ground For US-Europe LinkMcLEAN, Va. - Officials from both sides of the Atla
BRITISH AEROSPACE POSTS '87 LOSS
Edwin Unsworth |
The effects of the weaker dollar on its civil aircraft sales caused British Aerospace PLC to experie
Air Cargo
2 SHIP UNIONS JOIN FORCES
Chris Dupin |
Two of the nation's largest maritime unions said Wednesday they had completed their merger.
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
DOT's Burnley, Senator To Address Air PanelIn response to a request from Transportation Secr
Air Cargo
WILH. WILHELMSEN DID BETTER IN '87 BUT STILL RAN IN RED
Journal of Commerce Special |
Difficult market conditions in the offshore sector left Wilh. Wilhelmsen with another deficit in fis
Maritime
PEOPLE - INSURANCE
From Wire and Staff Reports |
ALEXANDER & ALEXANDER SERVICES INC. (New York) - Ralph M. Wilson was named vice president, western d
AUTO COVER PAYMENT DELAY UNLIKELY IN MASSACHUSETTS
Journal of Commerce Special |
Massachusetts Insurance Commissioner Roger Singer likely will not allow motorists to delay paying la
HONG KONG REFORMING SECURITIES REGULATION
P.T. Bangsberg |
The first concrete step in revamping supervision of Hong Kong's battered securities industry comes t
PEOPLE - FINANCIAL
Wire and Staff Reports |
DAIWA SECURITIES AMERICA (New York) - Philip E. Zachary was named executive vice president and chief
COURT UPHOLDS JURISDICTION OVER DONALDSON LUFKIN
Journal of Commerce Staff |
The Commercial Court in London ruled that the legal proceedings brought against New York-based Donal
GREEKS WAGE BATTLE FOR TOP BANANA
Victor Walker |
The banana usually isn't considered a passion fruit, but Greeks are generating a remarkable amount o
Maritime
NEWS SUMMARY
JOC Staff |
AVIATION Cargo hold changes under study by FAA. 2BBritish Aerospace posted a loss for 1987.
NASA SHUTTLE SECURITY CALLED LAX
Orlando Sentinel |
Six years after President Reagan demanded that space shuttle security be upgraded, the National Aero
GEPHARDT WON'T RETREAT ON TRADE AMENDMENT
Keith M. Rockwell |
Rep. Richard Gephardt, D-Mo, threw himself quickly into the trade bill fray Wednesday by declaring t
RAILS MAKE OFFER ON JOB PROTECTION
Howard S. Abramson |
The nation's railroads have offered their labor unions a proposed settlement on job protection in an
MANY ON STREET SEE AMERICAN PRESIDENT AS RIPE FOR TAKEOVER
Mark Magnier |
A venerable shipping name, American President Cos., has surfaced as a possible takeover target now t
US CARMAKERS CHARGE JAPANESE DUMP PICKUPS
From Wire and Staff Reports |
U.S. carmakers Wednesday accused five Japanese automakers of dumping compact trucks in theU.S. marke
Maritime
UNION CARBIDE PLANS TO EXPAND PE CAPACITY
Arnaldo Arroyo |
Union Carbide Corp. has reinforced widespread industry projections of potential short-term polyethyl
GREG JOHNSON - MANAGING TRAFFIC
Greg Johnson |
WHAT DO TRAFFIC MANAGERS THINK of letting 18-year-olds drive those big rigs? I don't like it
Trucking News
INDUSTRIAL PRICE INDEX
JOC Staff |
Daily Index Textiles Metals Misc.Smoothedpercent Change, 2.17
ESSEX LIFE'S NEW POLICY TO BYPASS NJ AGENTS
Journal of Commerce Staff |
Essex Life Insurance Co., the first independent carrier to be certified by the New Jersey Insurance
COMMODITY BRIEFS
From Wire and Staff Reports |
China Considering Futures MarketsChina is considering opening commodity futures markets, the
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