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ECONOMISTS URGE REALISTIC GOALS TO CUT DEFICIT
JOHN BOYD |
The goal of meeting the budget deficit targets in the Gramm-Rudman-Hollings Act is out of reach and
INSIDE TALK ON ENERGY BY SAM GLASSER
Sam Glasser |
''NORTH DAKOTA IS CLEAN," U.S. Sen. Quentin Burdick was quoted as saying not too long ago. The North
MALAYSIA EXTENDS PRODUCTION CUTBACK
Journal of Commerce Staff |
Malaysia will extend its voluntary 10 percent cutback of planned oil production until the middle of
MOBIL TAKES OVER BLOCKS COMPANY EXPANDS INDONESIAN OIL INTERESTS
P.T. BANGSBERG |
Mobil Oil Co. is taking control of two Indonesian oil exploration contracts<br><br>from other U.S. c
ON THE MOVE
Staff Report |
APC Names<br><br> Ronald OliveVice President<br><br>OAKLAND, Calif. - American President Cos. named
OIL TRUCK GIVES AWAY BURGLAR
From Wire and Staff Reports |
A truck driver from Whitestone, Queens, was arrested on burglary charges after a woman saw his oil t
TURNING A CAVE INTO A STORAGE BIN
DIRCK STEIMEL |
The Agriculture Department may go underground with the nation's burgeoning grain surplus - way unde
COMMODITY BRIEFS
From Wire and Staff Reports |
Brazil Withdraws<br><br> Beef Price ConstraintsThe Brazilian government freed all wholesale and reta
EC FARMERS ATTACK LAND USE PROPOSALS
(AP) |
The National Farmers' Union bitterly attacked a government plan aimed at reducing Britain's food sur
FARM EXPORT SLUMP EYED LOW USDA SPENDING CITED AS MAJOR FACTOR
Knight-Ridder Financial |
Representatives of U.S. commodity groups told a House subcommittee the USDA's reluctance to spend fu
US SPRAY GUN CLEANS UP IN JAPAN EXPORTER FINDS KEY TO SUCCESS
BILL MONGELLUZZO |
Fred Reinstein, president of Turbo Tek Enterprises, found a good market in Japan for his U.S.-made s
PRICE FREEZE PLANS SPARK GREEK PROTEST
(AP) |
Shouting No to the EC," about 1,000 farmers from around Greece marched through the capital Wednesday
FOREIGN INVESTORS BULLISH ON US STOCKS
JENNIFER LIN |
Americans aren't the only ones hooked on stocks.<br><br> Foreign investors bought nearly as much U.S
COST OF CREDIT
JOC Team |
Wednesday, Feb. 11, 1987<br><br> (Percentages Per Year)INTERNATIONAL INTEREST RATES<br><br>Canada
INDUSTRIAL PRICE INDEX
JOC Team |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
FINANCIAL BRIEFS
From Wire and Staff Reports |
Philippine Debt Talks<br><br> Rescheduled for MarchMANILA, Philippines - Renegotiation of a $12 bill
FOREIGN EXCHANGE
JOC Team |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
SPACE STATION PARTNERS MEET TO SMOOTH RIFT
(AP) |
The United States began meeting Wednesday with its European, Japanese and Canadian partners in the p
OCEAN TRANSPORT GOING ASHORE BUT 1987 COULD BE MORE FRANTIC THAN 1986 AFTER OCL SALE
BRUCE BARNARD |
Nicholas Barber, chief executive of Ocean Transport and Trading, had a busy 1986, but 1987 looks lik
SDR RATES
JOC Team |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
NEWS SUMMARY
JOC Team |
GENERAL NEWS<br><br> A panel of leading economists urged Congress to set more realistic targets for
STOCK PRICES REBOUND AFTER THREE DOWN DAYS
GORDON PLATT |
Stocks wavered back and forth in uncertain trading Wednesday and then spurted ahead in the final hou
UNCERTAIN US DOLLAR MIXED IN TRADING WITH NO DIRECTION
Knight-Ridder Financial |
The U.S. dollar was mixed against most major foreign currencies Wednesday in erratic, directionless
GATT'S DUNKEL PUSHES SERVICES
NEEL PATRI |
Developing countries should drop their opposition to inclusion of services under the General Agreeme
CROWLEY DISCUSSES BUYING USL'S SOUTH AMERICA SERVICE
ALAN F. SCHOEDEL |
Crowley Maritime Corp., which has a subsidiary preparing to compete with United States Lines' servic
FRENCH STEP UP US TAKEOVERS SELECTIVELY
HOWARD SCHISSEL |
The streets of the United States may not exactly be paved with gold, but French companies seem to be
TRADE DOCUMENTATION CHANGES PROPOSED TO HALT GROWING FRAUD
NEEL PATRI |
Modification of the whole system of trade documentation may be the only way to check a growing tide
BANK SALES OF INSURANCE EYED
(AP) |
Banks tend to be more forthcoming than insurance agents when offering life insurance for sale, and t
SCHOOL OFFICIALS FEAR LAWSUIT WILL DRY UP LIABILITY COVER
(AP) |
Educators said Tuesday they fear a lawsuit filed against local school officials by a man whose teen-
INSURANCE EARNINGS
JOC Team |
Home Group Cuts<br><br> Its Operating LossThe Home Group, Inc. reported Wednesday a fourth quarter o
BIAGGI UNVEILS SHIP BILL SWEEPING PLAN AIMS AT HALTING DECLINE
ROBERT F. MORISON |
The chairman of the House Merchant Marine Subcommittee introduced a sweeping<br><br>revision of the
FIRST CAPITAL BUYS E.F. HUTTON UNIT
Journal of Commerce Staff |
First Capital Holdings Corp. announced it agreed to acquire the E.F. Hutton Insurance Group Inc., a
AUTO RATE HIKES SUSPENDED IN PA.
Journal of Commerce Special |
Pennsylvania Gov. Robert P. Casey suspended rate increases of three auto insurance companies pending
INSURANCE BRIEFS
From Wire and Staff Reports |
Baldwin & Lyons Forms<br><br> New P/C SubsidiaryBaldwin & Lyons Inc., an Indianapolis company whose
SHOPPING CENTER BATTLES CAR THEFTS
(AP) |
The Green Acres Shopping Center, which for decades has been a favorite haunt of car thieves enticed
WORLD TODAY
From Wire and Staff Reports |
Reagan to Visit Canada<br><br> WASHINGTON - President Reagan will make an official visit to Ottawa,
CSX PLAN TO ACQUIRE SEA-LAND WINS UNANIMOUS ICC APPROVAL
LEO ABRUZZESE |
The Interstate Commerce Commission cleared the way for CSX Corp. to buy Sea- Land Corp. in the first
EUROPE SEEN TOPS IN TOYS
ROSALIND RACHID |
Ron Baker, vice president of Los Angeles-based Importoys, picked up a long- haired doll in a white c
APL ASKS CARGO SERVICE TO HAWAII
JOHN DAVIES |
American President Lines, a leading trans-Pacific ship line, is asking the Maritime Administration t
BIAGGI'S LAWYERS ATTEMPT TO BLOCK FEDERAL INDICTMENT
(AP) |
Lawyers for Rep. Mario Biaggi have met with Justice Department officials in an attempt to block an i
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