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BERRY, NORRIS BOARDS APPROVE MERGER PLANS
Journal of Commerce Staff |
The boards of Berry Petroleum Co. and Norris Oil Co. unanimously approved a resolution authorizing m
TENNECO UNIT OPENS UK OFFICE
Journal of Commerce Staff |
Tenneco United Co., a general trading and marketing unit of Tenneco Inc. of Houston, Texas, has open
CALIFORNIA LAWMAKER DIES BEFORE HER BILL IS INTRODUCED
Journal of Commerce Staff |
A California congresswoman who sought to create a seaport park to preserve historic ships died the n
Maritime
PORT LONGVIEW SETS RECORD
Journal of Commerce Special |
Cargo movement over Port Longview's docks last year set an all-time record, despite a dearth of grai
Maritime
WEST COAST BRIEFS
From Wire and Staff Reports |
Seattle Silicon Sets<br><br> Operations in EuropeBELLEVUE, Wash. - Seattle Silicon Corp. opened a Eu
Maritime
ENERGY BRIEFS
Wire and Staff Reports |
Japanese Firms Sign<br><br> Kuwaiti Oil ContractsThree Japanese trading houses signed contracts with
SHAMROCK MOVES TO THWART PICKENS
(AP) |
Diamond Shamrock Corp. offered shareholders a cash counter-offer of $17 a share or $340 million in a
IRAN INCREASES CRUDE PRODUCTION
(AP) |
Iran boosted its oil production to an estimated 2.2 million barrels a day after a three-week lull in
INDONESIA TARGETS GROWTH NATION CONTINUES NATURAL GAS EXPORT DRIVE
P.T. BANGSBERG |
The state energy monopoly of Indonesia, one of the world's largest exporters of natural gas, is buil
PEOPLES POSTS 8.5 PERCENT DROP IN EARNINGS
Journal of Commerce Staff |
Peoples Energy Corp. reported net income of $18.8 million, or 58 cents a share, for the quarter ende
US CORN ACREAGE TO FALL
JENNIFER ALLEN |
U.S. corn plantings this spring will be down at least 10 percent from last year, with any additional
CANADA EXPECTS DECLINE IN HOG EXPORTS TO US
Knight-Ridder Financial |
Canadian live hog exports to the United States in 1987 are forecast at 501,000 head, down from the 1
COMMODITY BRIEFS
From Wire and Staff Reports |
Chinese Region Boosts<br><br> Output of Cane SugarNANNING, China - Guangxi Zhuang autonomous region,
FARM PRICES DECLINE 1.7 PERCENT
(AP) |
Prices farmers get for raw products in January dropped an average of 1.7 percent, beginning the new
INDUSTRIAL PRICE INDEX
JOC Team |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
WHEAT EXPORTERS EYE LATIN MARKET
Knight-Ridder Financial |
U.S. wheat exports to South and Central America could increase, but political and economic problems
COST OF CREDIT MON., FEB. 2, 1987 (PERCENTAGES PER YEAR)
JOC Team |
INTERNATIONAL INTEREST RATES<br><br> Canada U.K. Germany Holland SwitzerlandDa
EARNINGS
JOC Team |
Sales<br><br> Net Income Per ShareCompany Period Latest Prior
FINANCIAL BRIEFS
Wire and Staff Reports |
Chase, Paribas Brokers<br><br> Get Japanese LicensesThe Finance Ministry licensed brokerage houses a
FOREIGN EXCHANGE
JOC Team |
Quotations are offered rates of New York city banks relating to currency transfers of $1 million or
SDR RATES
JOC Team |
The official IMF dollar rate for the special drawing right as measured by a basket of currencies den
STOCKS RISE SHARPLY EVEN AS BONDS SLUMP
Journal of Commerce Staff |
Stocks rose sharply in active trading Monday, even as bonds slumped ahead of the Treasury's big refu
DOLLAR DECLINES 1.5 PERCENT AGAINST DM
Knight-Ridder Financial |
The U.S. dollar worked its way lower against major foreign currencies Monday, losing 1.5 percent of
HAPAG-LLOYD KEEPS POWDER DRY SHIPPING COMPANY BRACES FOR A DOWNTURN ON ITS MAJOR ROUTES
BRUCE BARNARD |
Hans Jakob Kruse, chairman of Hapag-Lloyd AG, still appears chastened by a<br><br>financial debacle
NEWS SUMMARY
JOC Team |
GENERAL NEWS<br><br> Marketers pay more attention to packaging. Page 2AConstruction spending droppe
Maritime
AVIATION BRIEFS
From Wire and Staff Reports |
Hapag-Lloyd Flug<br><br> Orders Airbus Aircraft<br><br>Hapag-Lloyd Flug of West Germany said it sign
THREE NY AIRPORTS SET FOR $3 BILLION EXPANSION
(AP) |
A $3 billion expansion and renovation program for the New York metropolitan area's three major airpo
TRANSBRASIL ERROR A SERIOUS SETBACK
JAMES BRUCE |
Having built Brazil's third-largest private airline from humble beginning as a meat-wagon carrier fo
BA'S BOEING 747S TO BE CHECKED FOR CRACKS
(AP) |
The Civil Aviation Authority ordered British Airways' Boeing 747s be checked for cracks after a hair
STRIKE CLOSES DOWN MANCHESTER AIRPORT
(AP) |
Manchester's Ringway Airport, Britain's busiest outside London, was closed to passengers for a fift
FRENCH CARRIER TAKES TO THE AIR
HOWARD SCHISSEL |
A new French air freight carrier, Inter Cargo, is scheduled to launch its activities in mid-February
UNIONS PROPOSE PLAN FOR RESTRUCTURING PAN AM
(AP) |
Unions representing about 20,000 Pan American World Airways workers have proposed restructuring the
PIEDMONT ISSUE ON HOLD ANALYSTS EXPECT MOVE BY NORFOLK SOUTHERN
DAVID MILDENBERG |
A final decision may be weeks away, but it appears increasingly likely that Piedmont Airlines will b
FRONT BRAKE RULE DRAWS HEAVY FIRE
MICHAEL S. LELYVELD |
A new Department of Transportation rule that requires trucks to have front brakes may result in som
TRANSPORT EARNINGS
JOC Team |
Airborne Freight<br><br> Earnings IncreaseSEATTLE Airborne Freight Corp. reported fourth quarter ear
LAUTENBERG UNVEILS RAIL SAFETY PLAN
(AP) |
N.J. Sen. Frank Lautenberg has proposed a nine-point program of rail safety improvement that was end
WEEKLY TRUCK TONNAGE INDEX
JOC Team |
The following index charts weekly changes in motor carrier tonnage originating<br><br>from 49 produc
TRAFFIC BRIEFS
From Wire and Staff Reports |
Railroad Lawsuit Bill<br><br> To Be Re-introducedSen. Dennis DeConcini, D- Ariz., and Rep. Mike Syna
CM&W'S SLINGSHOT TO RIVAL BN SERVICE
ANDREA CHANCELLOR |
The new Chicago, Missouri and Western Railway will start an intermodal short- haul service to rival
TERMINAL BANKS ON SIZE MASS. YARD'S COMPETITOR IS BIGGEST CUSTOMER
MICHAEL S. LELYVELD |
The New England Intermodal Terminal in Palmer, Mass., is a long way from Long Beach. But the little
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