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JAPANESE IN US TO SETTLE DISPUTE
(Ap) |
A senior aide to Prime Minister Noboru Takeshita left for Washington on Thursday for talks aimed at
NEWS SUMMARY
JOC Staff |
AVIATION The Transportation Secretary said Wednesday testimony was aimed at the FAA as an ag
AMTRAK ACTS TO CONDEMN TRACK OWNED BY GUILFORD
Howard S. Abramson |
Amtrak took the opening steps required to condemn track owned by Guilford Transportation Industries
WORLD TODAY
From Wire and Staff Reports |
Baker Fights Revealing Foreign Investor NamesTreasury Secretary James A. Baker III told Cong
HIGH COURT TO RULE ON CLEANUP COST
(Ap) |
The Supreme Court agreed to consider shielding states from having to help pay for cleaning up hazard
HAPAG-LLOYD CHIEF SEES EUROPE, US MOVING CLOSER ON SHIP POLICY
Robert F. Morison |
A leading spokesman for international ocean liner companies believes Europe and the United States ar
Maritime
MD. GROUP PUSHES EXPORTS
Sam Glasser |
Ten Maryland coal producers have joined forces to market their coal abroad, and are planning a trip
UK DETAILS PLANS TO OFFER N. SEA BLOCKS
Journal of Commerce Staff |
Britain's Department of Energy announced details Thursday of the next round of offshore oil licenses
OIL PATCH SEES BOTTOM TO BUST
Chicago Tribune |
In the first two months of this year, 2,439 people and businesses - more than 60 every weekday - hav
INDIA TO TAP EUROMARKETS TO BAIL OUT SHIPPING
Neel Patri |
Shipping Credit and Investment Co. of India, the soft-loan arm of the government, plans to raise som
Maritime
PEOPLE - RAILROADS
JOC Staff |
WINCHESTER & WESTERN RAILROAD CO. (Bridgeton, N.J.) - W.P. (Phil) Light was named the company's new
Rail News
LONG ISLAND RAIL ROAD MAY SELL FREIGHT UNITS
Gregory S. Johnson |
Big Apple rail shippers could find someone else hauling their cargo as the Long Island Rail Road con
Rail News
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
HONG KONG'S SWIRE GROUP REPORTS HIGHER EARNINGS
P.T. Bangsberg |
Diversified Swire Pacific Ltd. posted profits for the year through last Dec. 31 of HK$2.39 billion (
BRITISH COLUMBIA, WESTERN US POST STRONG LOG EXPORT GAINS
Journal of Commerce Staff |
Log exports from British Columbia rose sharply in 1987, going from 2.6 million cubic meters the prev
Maritime
GOP FAILS TO LINK LIABILITY REFORM TO HEALTH RISK NOTIFICATION BILL
Leah R. Young |
Republicans failed Thursday in their attempt to link liability reform legislation to the employee he
SMITHKLINE BECKMAN BIDS FOR ICL
Journal of Commerce Staff |
SmithKline Beckman Corp. made a surprise bid to acquire International Clinical Laboratories Inc. for
CRAIG DUNLAP'S INSIDE TALK FROM THE SOUTHEAST
Craig Dunlap |
WORD OUT OF SOUTH FLORIDA is that Linea Marlago, the independent Venezuelan container line, is regre
Maritime
YOU CAN KNOW TRIP COST BEFORE YOU LEAVE HOME
Christopher Lofting |
For the third year running there is more than a little concern about getting Americans to travel to
Air Cargo
COMPROMISE HINTED IN MASSPORT-DOT RIFT
Michael S. Lelyveld |
The Massachusetts Port Authority signaled a willingness to settle differences with the Department of
Air Cargo
WEEKLY RAIL FREIGHT REPORT
JOC Staff |
For the week ended March 12 total piggyback freight hauled on the nation's major railroads equaled 1
Rail News
MARITIME BRIEFS
From Wire and Staff Reports |
Shipbuilding Orders Increased During 1987World shipbuilding orders in 1987 rose to an estima
Maritime
US WINERIES FACING MORE EC COMPETITION
(Ap) |
A large surplus of table wine in the European Community will mean more competition for U.S. producer
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1645.5 (March 24, 1988) Previous day - 1648.5 The Baltic International Freight Futures Excha
Maritime
MALAYSIAN CARRIER POSTS RECORD PROFIT
P.T. Bangsberg |
Malaysian International Shipping Corp. has reported record pretax profit of M$288 million (US$115 mi
Maritime
NEW JERSEY IS EXPECTED TO JOIN SUIT
(Ap) |
New Jersey will likely join eight other states in their federal lawsuits against the insurance indus
RUSS BANHAM'S INSIDE TALK ON INSURANCE
Russ Banham |
IMAGINE GIVING A SPEECH on the insurance industry's image the day the bombshell burst. The b
WORLD MONEY FRONT DOLLAR FALLS TO FOUR-MONTH LOW AGAINST YEN IN ACTIVE TRADING
Knight-Ridder Financial |
The U.S. dollar fell to a four-month low against the yen as the foreign exchange market continued it
W. GERMAN TAX PLAN ATTACKED
Knight-Ridder Financial |
West Germany's plans to introduce a 10 percent withholding tax without repealing the existing stock
TOKYO INSURERS SUFFER HUGE LOSSES ON DOLLAR
A.E. Cullison |
Japanese life and non-life insurance companies together will suffer $8 billion in overall exchange l
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
US, JAPAN TOUGHENING BEEF, CITRUS POSITIONS
(Ap) |
Japan seeks an agreement with the United States by the end of March on opening the Japanese market w
Maritime
HITACHI TO USE US-MADE CHIPS
From Wire Reports |
Hitachi Ltd., a major Japanese electric machinery maker, said Thursday it will use semiconductors pr
Maritime
SOVIET GRAIN HARVESTS REMAIN INSUFFICIENT
(Ap) |
Two Agriculture Department economists say the Soviet Union's agriculture is still in trouble despite
Maritime
IMPORT BRIEFS
Wire and Staff Reports |
Virgin Islands to Buy Plant in St. CroixST. THOMAS, Virgin Islands - The U.S. Virgin Islands
Maritime
SHANGHAI'S SALE OF LAND RIGHTS STIRS EXCITEMENT
P.T. Bangsberg |
More than 200 inquiries were received for Shanghai's first auction of land since the communist takeo
S. AFRICA SANCTIONS PROPOSAL WOULD LIMIT LEASE BIDDING
Tim Sansbury |
A West Virginia congressman pressed this week for enactment of a South Africa sanctions proposal tha
SPOT PRODUCT PRICES
JOC Staff |
March 24, 1988 U.S. spot oil products price indications, sellers range, in cents per gallon,
ENERGY BRIEFS
From Wire and Staff Reports |
Occidental to Sell Colombia PropertiesOccidental Petroleum Corp. said it would sell 25 perce
BURNLEY INTENDED BARBS FOR FAA, NOT STAFF
Dave Higdon |
Transportation Secretary James Burnley Thursday reiterated that his Wednesday testimony on Capitol H
Air Cargo
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