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CENTRAL HUDSON PLANNING $162 MILLION WRITE-OFF
Journal of Commerce Staff |
Central Hudson Gas & Electric Corp. will write off $162 million of its investment in the Nine Mile 2
COST OF CREDIT
JOC Staff |
Fri., Dec. 18, 1987 (Percentages Per Year)INTERNATIONAL INTEREST RATESCanada U.
EARLY HIGHLAND TAKEOFF DOUBTFUL
Journal of Commerce Special |
Scottish carrier Highland Express could well stay grounded until the spring - but the airline insist
Air Cargo
ENERGY BRIEFS
From Wire and Staff Reports |
Patrick to Redeem Outstanding WarrantsJACKSON, Mich. - Patrick Petroleum Co. announced it wi
ABOLITION OF NJ DEPARTMENT MOVES CLOSER TO FRUITION
(Ap) |
New Jersey state Senate Democrats have dropped their opposition to the Kean administration's plan to
TAX WRITERS BOOST RAILROAD RETIREMENT FUND
John Boyd |
Congressional tax writers put together a $23 billion plan that boosted the rail retirement system an
CALIFORNIA LAWYERS, INSURERS SPAR OVER AUTO INSURANCE RATES
(Ap) |
Two of California's most powerful special interest groups - the insurance industry and the trial law
CARRIERS DRAFT SELF-POLICING SYSTEM AS REQUIRED IN AGENCY SETTLEMENT
Robert F. Morison |
Twelve ship lines that paid the Federal Maritime Commission $2 million after a rebating investigatio
Maritime
PORT USERS HIT PIRAEUS FEE PLAN
Victor Walker |
A proposed 19 percent increase in charges at Piraeus, Greece's principal port, has drawn protests fr
Maritime
BALTIC FREIGHT INDEX
JOC Staff |
1259.5 (Dec. 18) Previous day - 1264.5 The Baltic International Freight Futures Exchange in
Maritime
INTERNATIONAL BRIEFS
Wire and Staff Reports |
Yen's Rise in Value Boosts Japanese GDPBolstered by rising land and stock prices, Japan's gr
Transport, Trade and Regulation News
EC TO SUSPEND TRADE BENEFITS FOR S. KOREA
(Ap) |
The European Community Friday said it will suspend trade benefits given to South Korea in retaliatio
Maritime
THE ECONOMY US CONSUMER PRICES INCREASED MODERATE 0.3 PERCENT IN NOVEMBER
Knight-Ridder Financial |
Energy costs pushed U.S. consumer prices for all urban consumers up a seasonally adjusted 0.3 percen
PEMEX WILL INTENSIFY PETROCHEMICAL DRIVE
Josh Martin |
The Mexican government plans to invest over $2 billion in new petrochemical plants and industries be
TVA AWARDS 7 SPOT CONTRACTS
Journal of Commerce Staff |
The Tennessee Valley Authority bought 10,000 tons of 2.58 percent sulfur coal with a high heating co
ENERGY BRIEFS
From Wire and Staff Reports |
Cyprus Minerals Maps Plans to Sell 2 UnitsCyprus Minerals Co. said Friday that it has signed
TUNG RESTRUCTURING PROVES TO BE A MAMMOTH JOB
Joseph Bonney |
Nobody in shipping can remember anything quite like the restructuring of Hong Kong's Tung shipping g
AIR INSURANCE RATES EXPECTED TO STABILIZE
Laura Raley Borda |
Aviation insurance rates probably will fall less sharply or even increase in 1988 as a result of the
RAIL BRIEFS
From Wire and Staff Reports |
Itel Rail Subsidiary Completes AcquisitionItel Corp. said its Itel Rail subsidiary completed
Rail News
BAN ON JAPANESE PARTICIPATION IN US PROJECTS MAY BACKFIRE
Keith M. Rockwell |
Congressional efforts to pressure Japan into opening its construction industry by blocking Japanese
CLOSING OF NY BRIDGE LANE TO CAUSE DELAYS
Journal of Commerce Staff |
In addition to holiday traffic, truckers in New York City face tremendous delays due to the closing
Trucking News
CONTROL DATA IN VENTURE WITH HONG KONG FIRM
P.T. Bangsberg |
Lafe Holdings Ltd. and a unit of Control Data Corp. of Minneapolis have completed a joint venture ag
Maritime
IMPORT LEADS
JOC Staff |
Suppliers of the following items seek U.S. importers/distributors. Interested parties are asked to c
Maritime
CANADIAN OPPOSITION TO PACT EASES
(Ap) |
Provincial government opposition to Canada's proposed free trade agreement with the United States ha
Maritime
CHEMICAL MARKETS FERTILIZER USE RISES SHARPLY
JOC Staff |
Consumption of U.S.-produced fertilizer nutrients increased during the July- November 1987 period in
CHEMICAL BRIEFS
From Wire and Staff Reports |
Duramed Drug Gets Bioequivalent RatingDuramed Pharmaceuticals Inc. announced that the Food &
MORE BANKS TO BOOST LOAN LOSS RESERVES
Journal of Commerce Staff |
Moody's Investors Service said the larger loan loss provisions announced by Mellon Bank and Bank of
FED CHIEF PREDICTS TRADE DATA REVERSAL
Knight-Ridder Financial |
Federal Reserve Chairman Alan Greenspan said Friday he thinks October's record U.S. trade deficit wa
DOLLAR MAY HOLD STEADY FOR REMAINDER OF 1987
Kevin Commins |
Long-term bearishness toward the dollar remains strong, but currency traders and economists suspect
FOREIGN EXCHANGE
JOC Staff |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
DELEGATES CITE PROGRESS AS GATT TALKS RECESS
(Ap) |
Multilateral trade negotiations recessed until next year and most delegates agreed that progress had
Maritime
EC CRITICIZES JAPAN'S PLAN ON LIQUOR TAX
(Ap) |
Japan's plan to ease import levies on European liquor as part of an overhaul of the country's tax sy
Maritime
DULLES AIRLINER CRASH SHOWS SMALLER PLANES' SURVIVABILITY
Dave Higdon |
When AVAir's American Eagle Flight 3464 pancaked into a darkened field more than two miles short of
Air Cargo
AUTO REFORM PROVISIONS STIR CONFUSION IN MASS.
TOM McNIFF Jr. |
As an auto insurance reform bill awaits state Senate action, two of the House-passed measure's provi
FINANCE MINISTER QUITS IN BRAZIL
Knight-Ridder Financial |
Brazilian Finance Minister Bresser Pereira resigned his post Friday after meeting with President Jos
ICC REJECTS GUILFORD BID TO LEASE D&H RAILWAY
Howard S. Abramson |
The Interstate Commerce Commission rejected Guilford Transportation Industries' latest attempt to le
Rail News
TRUCKING BRIEFS
From Wire and Staff Reports |
Builders Transport Gets Indications of InterestCAMDEN, S.C. - Builders Transport Corp. said
Trucking News
CHARTER INDEX
JOC Staff |
The weekly freight index of Maritime Research Inc. (January-December 1972 equals 100 percent)is as f
Maritime
PLASTICS CORNER CHINESE DIG DEEP TO BUY CHEMICALS
Gary Aderman |
A worldwide shortage of capacity to make petro- and specialty chemicals is forcing normally thrifty
MONTREAL AGAIN HIT BY WALKOUT
Leo Ryan |
Longshoremen at Montreal staged another one-day walkout Friday as a bitter dispute with port employe
Maritime
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