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US POSTS REDUCTION IN THE BUDGET DEFICIT
Knight-Ridder Financial |
The U.S. government posted a total deficit of $25.77 billion for November, or lower than those of Oc
BANK CONSORTIUM BUYS 6 ECONSHIPS IN USL BANKRUPTCY-COURT SALE
James Nolan |
With a nervous maritime industry watching, 10 of the world's largest containerships came a step clos
BIG CLEARINGHOUSE WOULD BUY DEBT OF THIRD WORLD
Gordon Platt |
A central clearinghouse owned by the world's banks could buy back Third World debt and invest in pri
BUDGET CUTS WILL CRIMP COAST GUARD OPERATIONS
Leo Abruzzese |
Negotiated spending cuts in the Department of Transportation's 1988 budget will fall hardest on Coas
HERCULES, ATLANTIC JOIN IN ROCKET BID
Journal of Commerce Staff |
Atlantic Research Corp. of Alexandria and Hercules Aerospace Co. of Wilmington, Del., signed a memor
CHEMICAL BRIEFS
From Wire and Staff Reports |
Union Pacific, USPCI Sign Merger AgreementUnion Pacific Corp. and USPCI Inc. announced that
EPA REVIEWS STUDY OF DIOXIN IN PAPER
(Ap) |
The Environmental Protection Agency said it is looking at an industry study that says dioxin-contami
ALCO, NIPPON SHOKUBAI TO BUILD TENNESSEE PLANT
Journal of Commerce Staff |
Alco Chemical Corp. and Nippon Shokubai Kagaku Kogyo Co. will begin construction of a manufacturing
CANADA'S THUNDER BAY TO SET COAL RECORD
Journal of Commerce Staff |
Coal shipments at the port of Thunder Bay will shatter previous records by a large margin in the 198
PHILIPPINES TO BUY CHINESE STEAM COAL
P.T. Bangsberg |
State-owned Philippine National Oil Co. is buying US$9 million worth of steam coal from China, the f
GPU CHAIRMAN O'LEARY DIES
Journal of Commerce Staff |
John F. O'Leary, 61, chairman and chief executive officer of the General Public Utilities Corp. and
US COAL NOT RULED OUT, ONTARIO HYDRO SAYS
Tim Sansbury |
U.S. Steel Mining Co.'s loss in 1990 of a long-term coal contract with Ontario Hydro could turn into
UNION TEXAS MAKES THREE OIL FINDS
Journal of Commerce Staff |
Union Texas Petroleum Co. said Monday it made three crude oil discoveries onshore the United States.
ENERGY BRIEFS
From Wire and Staff Reports |
Funding Plan Set For Clean CoalCongressional leaders have reached a funding compromise that
SPOT PRODUCT PRICES
JOC Staff |
December 21, 1987 U.S. spot oil products price indications, sellers range, in cents per gall
CRUDE PRICES DIVE ON NYMEX
Journal of Commerce Staff |
Crude oil prices plunged in the waning minutes of trading on the New York Mercantile Exchange, closi
OPEC MEETING EXPECTED IF OIL PRICE STAYS DOWN
Staff and Wire report |
Mines and Energy Minister Subroto said Monday the Organization of Petroleum Exporting Countries may
ENERGY BRIEFS
From Wire and Staff Reports |
Helicopter Hits Offshore Oil RigLAFAYETTE, La. - A helicopter carrying 15 men crashed and bu
AVERAGE GASOLINE PRICE DOWN TO JUST UNDER $1
(Ap) |
Motorists nationwide were paying just under a dollar a gallon, on theaverage, for gasoline a
CANADA OKS TAKEOVER OF DOME BY AMOCO
(Ap) |
The Canadian government on Monday formally approved the takeover of debt- ridden Dome Petroleum Ltd.
WAR-RISK INSURANCE RATES HIKED
Edwin Unsworth |
Marine insurers are still assessing their liability for the ferry collision in the Philippines in wh
DEPARTURE OF FINANCE MINISTER MAY UNSETTLE BRAZIL DEBT TALKS
James Bruce |
The departure of Brazilian Finance Minister Luiz Carlos Bresser Pereira marks still another top-leve
DOLLAR HOLDS TO NARROW RANGE
Knight-Ridder Financial |
The U.S. dollar turned slightly higher at midday Monday, after drifting slightly lower earlier, but
GROUP OF 7 DRAFTING STATEMENT
Journal of Commerce Staff |
Financial and monetary leaders of the Group of Seven major industrial democracies are reportedly dra
MEXCO MAY RESUME DEBT SWAP SOON
Josh Martin |
Mexican government officials and business leaders believe the nation's debt- equity swap program, su
TOKYO MART TO ADD 3 FOREIGN LISTINGS
A.E. Cullison |
Tokyo Stock Exchange authorities, who added 33 foreign companies to the market's listings so far thi
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
FINANCIAL BRIEFS
Wire and Staff Reports |
US Dollar Policy Could BackfireNEW YORK - A dollar free-fall, promoted by the administration
INDUSTRIAL PRICE INDEX
JOC Staff |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
SDR RATES
JOC Staff |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
COST OF CREDIT
JOC Staff |
Mon., Dec. 21, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
WORST MARINE DISASTERS
(Ap) |
Here is a list of the worst marine disasters in the 20th century: 1. Feb. 26, 1916: 3,100 ki
MASSACHUSETTS HEALTH COVERAGE PLAN ADVANCES
TOM McNIFF Jr. |
Massachusetts would become the first state in the nation to offer all its citizens health insurance
BRITISH INSURERS WELCOME EC LIBERALIZATION ACCORD
Edwin Unsworth |
Lloyd's of London and British insurance companies have welcomed an European Community agreement that
CAN NY EXCHANGE SURVIVE REORGANIZATION?
Laura Raley Borda |
Efforts to revive the New York Insurance Exchange continued Monday, as insurance experts discussed w
LAWMAKERS CHANGE RULES ON PRIVATE PENSIONS
John Boyd |
In one move, lawmakers changed the rules affecting federal guarantees for thousands of private pensi
INSURANCE BRIEFS
From Wire and Staff Reports |
Agents' Lobbying Pays On Budget BillHouse and Senate tax conferees have agreed to remove por
DOT AGAIN CERTIFIES SANTA TO MAKE HIS ROUNDS
Dave Higdon |
Santa and his reindeer have cleared the last bureaucratic hurdle, clearing the way for speedy delive
SOVIET SHIP LINE WANTS TO REVIVE SERVICE TO US FESCO MAY SEEK US PARTNERS ON PACIFIC
Albert Axebank |
The Soviet Union's Far Eastern Shipping Co. has raised the possibility of reviving its trans-Pacific
ENERGY BRIEFS
From Wire and Staff Reports |
Cook Inlet Platform On Fire; Crew SafeKENAI, Alaska - A giant offshore oil drilling platform
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