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PA. TOWN BLAMES DRILLING FOR FOULED WELL WATER
(AP) |
In this pastoral village near the birthplace of the oil industry residents are angry about what's co
ENERGY BRIEFS
From Wire and Staff Reports |
Indonesia, Iran to Sign<br><br> Countertrade PactJAKARTA, Indonesia - Indonesia will import Iranian
PETRO-CANADA LOOKS TO AFRICA
HOWARD SCHISSEL |
Petro-Canada International Assistance Corp., the international arm of Canada's state entity Petro-Ca
PRICES FIRM ON PETROLEUM CASH MART
Knight-Ridder Financial |
Cash petroleum prices firmed Tuesday following declines from Monday and last week, as trading activi
COASTAL, VALERO REACH AGREEMENT
Journal of Commerce Staff |
Coastal Corp. reached an agreement with Valero Transmission Co., ending a lawsuit filed by Coastal o
MEXICO PLEDGES OIL EXPORT CURB
WILLIAM A. ORME Jr. |
In a gesture of support for the Organization of Petroleum Exporting Countries, Mexico has pledged to
TEXAS EASTERN TO SELL UNITS
Journal of Commerce Staff |
Texas Eastern Corp. said it agreed to sell two of its petroleum services units, for an undisclosed p
NY PORT, CERES FAIL TO AGREE DETAILS PROVE OBSTACLE
MARK MAGNIER |
Ceres Terminals Inc. was close to an agreement with the Port Authority of New York and New Jersey to
Maritime
NORWEGIAN SHIP REGISTRY SHRINKS AGAIN
Journal of Commerce Special |
The Norwegian merchant shipping fleet shrank seriously during December 1986, when 622,448 deadweight
Maritime
MOOREMACK JUMPS SHIP CHAIRMAN TO BUY OCEAN CARGO OPERATIONS
GREGORY S. JOHNSON |
In a deal that puts it out of the shipping industry after 74 years, Moore- McCormack Resources Inc.
Maritime
ROTTERDAM STRIKE CONTINUES
SIMON CAMERON MOORE |
Both unions and employers claimed they were ready for a long strike after the second day of a stoppa
Maritime
BRAZIL RECEIVES FUNDS TO SUPPORT COFFEE PLAN
BOB BELLOTTIE |
Brazilian Coffee Institute (IBC) President Paulo Graciano said Brazil had obtained domestic funds to
COCOA-TRADING NATIONS TO PUT PACT INTO EFFECT
(AP) |
Cocoa-trading nations decided unanimously to bring into force their new agreement to stabilize price
USDA, JAMAICA SIGN PACT
Knight-Ridder Financial |
The U.S. Department of Agriculture announced it signed an agreement with the government of Jamaica u
CHINESE COTTON EXPORTS EXPECTED TO REMAIN HIGH
Knight-Ridder Financial |
The Chinese 1986 cotton crop is smaller than expected and will cause a drop in China's 1986-87 (Sept
COMMODITY BRIEFS
From Wire and Staff Reports |
Tin Producers Meeting<br><br> To Fix Export QuotasKUALA LUMPUR, Malaysia - Members of the Associatio
TEN STATES GET BULK OF FEDERAL FARM PAYMENTS
(AP) |
Ten states, mostly large grain and cotton producers, accounted for more than 63 percent of the $7.7
JAPANESE HOPEFUL FOR US PACT
A.E. CULLISON |
Japanese Finance Minister Kiichi Miyazawa said it may be possible to reach an agreement with the Uni
UNION BACKS SHIPYARD DEAL IN CANADA
LEO RYAN |
A union representing shipyard workers in the province of Quebec has approved a proposed major takeov
Maritime
KLOCKNER WINS INDIA PORT CONTRACT
Journal of Commerce Special |
A turnkey contract worth some US$139 million for bulk materialhandling facilities at Nhava Sheva por
Maritime
MARITIME BRIEFS
From Wire and Staff Reports |
Dixie Services Wins<br><br> Approval as AnalyzerThe Customs Service approved Dixie Services Inc., Ga
Maritime
TIGHTER RULES BACKED FOR SERVICE CONTRACTS
ROBERT F. MORISON |
The Department of Transportation generally supported a Federal Maritime<br><br>Commission proposal t
Maritime
TAIWANESE CURRENCY HITS 30-YEAR HIGH
(AP) |
The Taiwanese dollar was quoted Tuesday at 35.14 to US$1, its highest level since 1958, as the U.S.
HOW LONG CAN INTERVENTION LAST?
GORDON PLATT |
The conventional wisdom is that foreign exchange intervention doesn't work to alter basic currency m
TOKYO TO CONTINUE DOLLAR SUPPORT
A.E. CULLISON |
Japan will continue pouring billions of dollars into foreign exchange markets on a daily basis to pr
ENERGY BRIEFS
Wire and Staff Reports |
Cuomo Proposes Funds<br><br> For NY Energy PlanALBANY, N.Y. - New York Gov. Mario Cuomo has proposed
JAPAN FORCES COAL PRICE CUTS
BRIAN LEWIS |
The Japanese have forced British Columbia's major southeastern metallurgical coal producer, Vancouve
FOREST COMPLETES FINANCING DEAL
Journal of Commerce Staff |
Forest Laboratories Inc., an international pharmaceutical manufacturer and marketer, announced it co
UTILITY SHIFTS COAL SOURCE NORTHERN STATES SAYS MONTANANS PRICE TOO HIGH
ANDREA CHANCELLOR |
Northern States Power Co. in Minnesota reduced the amount of coal it will take from two Montana supp
DAYLIGHT-SAVING TIME PLAN STIRS OPPOSITION IN ISRAEL
Journal of Commerce Special |
The fight has already begun over introducing daylight-saving time this summer.<br><br> Energy Minist
KNOLL FORMS JOINT VENTURE WITH TAISHO
Journal of Commerce Staff |
Knoll AG, a member of the BASF Group, and Taisho Pharmaceutical Co. agreed to form Knoll Taisho Phar
CHEMICAL MARKETS
Journal of Commerce Staff |
Danochemo Hikes<br><br> Vitamin A PricesDanochemo USA Inc. is increasing its prices for vitamin A pr
OWENS-CORNING TO SELL ITS LADISH SUBSIDIARY
Journal of Commerce Staff |
Owens-Corning Fiberglas Corp. announced it has entered into an agreement to sell its Ladish Co. subs
PLASTICS CORNER DYNAMIT ANNOUNCES EXPANSION
Journal of Commerce Staff |
The Silanes and Silicones Group of Dynamit Nobel Chemicals aligned and expanded its marketing organi
WORTH PURCHASES CHARLOTTE FACILITY
Journal of Commerce Staff |
Worth Chemical Corp. announced the purchase of a modern facility on Fruehauf Drive, just west of I-
COST OF CREDIT
JOC Team |
Tuesday, January 20, 1987<br><br> (Percentages Per Year)INTERNATIONAL INTEREST RATES<br><br>Canada
IBM NET FELL 48.2 PERCENT IN FINAL 1986 QUARTER
JOC Team |
International Business Machines Corp. reported that earnings fell 48.2 percent in the fourth quarter
WIDE SWINGS SEEN IN FARM INCOME
(AP) |
A new statistical report by the Agriculture Department shows that, while net farm income was at a ne
INDUSTRIAL PRICE INDEX
JOC Team |
THE JOURNAL OF COMMERCE Daily Industrial Materials Price Index of Sensitive Spot Commodity Prices on
FINANCIAL BRIEFS
Wire and Staff Reports |
Sumitomo to Invest<br><br> In France's ParibasJapan's Sumitomo Life Insurance Co. will buy about 500
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