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TODAY'S NEWS SUMMARY
JOC Staff |
GENERAL NEWSMany questions remain following Congress' marathon-tax writing session.Page 3A F
ON THE MOVE
Staff Report |
OIL/GAS BROKEN HILL PROPRIETARY LTD. (Melbourne, Australia) - Peter Willcox was named execut
WORLD TODAY
From Wire and Staff Reports |
Sea-Land Acquisition MENLO PARK, N.J. - Sea-Land Corp. said it anticipates that its acquisit
'BRIDGE LOAN' TO MEXICO WINS APPROVAL
Journal of Commerce Staff |
A group of central banks and commercial banks has agreed in principle to a short-term bridge loan to
US PUSHES JAPAN TO OPEN PROJECTS
(Ap) |
The United States is intensifying its pressure on Japan to open public works projects to foreign sup
INTEREST IN SATELLITES SKYROCKETS
Tim Neale |
U.S. aerospace firms have been approached by dozens of governments and businesses wanting to put sat
VISITS OF STATE
JOC Staff |
Invitation Accepted THE HAGUE, Netherlands - Dutch Premier Ruud Lubbers has accepted an invi
Maritime
TAIWAN TAKES STEPS TO HIKE US IMPORTS
P.T. Bangsberg |
The government in Taiwan is moving to step up imports of American goods in the face of continued U.S
Maritime
PORTLAND STUDY BACKS CHANGE
Journal of Commerce Special |
The port's Terminal 1 should be converted into a public facility for use by cruise and tour boats, a
Maritime
FOREIGN HEADLINES
Wire and Staff Reports |
Overseas Borrowings SEOUL, South Korea - South Korea's government has ordered the country's
Maritime
WEST COAST BRIEFS
Wire and Staff Reports |
Crown Forest Shifts Marine OperationsVANCOUVER, British Columbia - Crown Forest Industries,
Maritime
SHIPBROKER RELISHES CHALLENGES
Robert Selwitz |
What impact could an outbreak of hoof-and-mouth disease in Eastern Europe have on the shipping busin
FINANCIAL VIABILITY OF BCRIC IN DOUBT
Journal of Commerce Special |
Departure of the president, firings and the sale of assets are raising questions about the financial
Maritime
AMERICAN TRANSPORT WINS MSC CONTRACT
Mark Magnier |
American Transport Line won the right to carry most of the containerized U.S. military cargo being s
BEAR MAULING SUIT SET FOR COURT IN CALIFORNIA
(Ap) |
A federal judge plans to hear arguments in Los Angeles later this month in a case brought by two Cal
HONG KONG SHIP GROUPS PERSEVERE
P.T. Bangsberg |
Two of Hong Kong's major shipping groups are struggling to resolve new snags in their complex and pr
SENTRY AUSTRALIA REMAINING INTACT
Vincent W. Stove |
The Sentry insurance operation will continue to trade in Australia intact for at least three years d
AEGON PLANS TO ACQUIRE MONUMENTAL
Journal of Commerce Staff |
Aegon N.V. received approval from investors to acquire Monumental Corp. of Balti more, Md., for the
SEA CONTAINERS REPORTS LOSS IN 2ND PERIOD
Journal of Commerce Staff |
Sea Containers Ltd. reported losses for the second quarter of $4.5 million on revenue of $159.3 mill
Maritime
QUAKE CENTER PLANS SET
(Ap) |
A $50 million national earthquake research center will be established at the State University of New
INSURANCE BRIEFS
Wire and Staff Reports |
Japan Eases Yen Loans To Foreign BorrowersThe Japanese Finance Ministry eased restrictions o
SOVIET SHIP SAID TO CARRY HEROIN
(Ap) |
A record haul of Afghan heroin confiscated by police here was brought into the Netherlands on a Sovi
Maritime
SINGAPORE'S KEPPEL SEES RETURN TO PROFITABILITY
P.T. Bangsberg |
After years of heavy losses, Singapore's state-controlled Keppel Corp. may crawl out of the red this
Maritime
NOMURA PRAISES DOUBLE-STACKS
Bill Mongelluzzo |
All-water shipping services from Asia to the U.S. East Coast will find it increasingly difficult to
Maritime
SEATTLE SHELVES DUWAMISH DEEPENING
Bruce Johnson |
The Port of Seattle scrapped plans for widening and deepening Duwamish Waterway to develop the chann
Maritime
MARITIME BRIEFS
Wire and Staff Reports |
CSX Expected to Buy Rest of Sea-Land StockMENLO PARK, N.J. - Sea-Land Corp. said it expects
Maritime
AUSTRALIAN SHIPPERS HAIL SERVICE
Vincent W. Stove |
Australian shippers welcomed plans by Associated Container Transportation/ PACE Line to start a regu
Maritime
AUSTRALIAN SUPPORTS SHIPPING EXPANSION
Vincent W. Stove |
Peter Morris, Australia's transport minister, said his country should pay more attention to the deve
Maritime
POLL SHOWS US SPLIT ON NUCLEAR POWER
(Ap) |
Most Americans believe the federal government has been lax in supervising nuclear power plants, and
WEEKLY TRUCK TONNAGE INDEX
Doug Pinkerton/JOURNAL OF COMMERCE |
The following index charts weekly changes in motor carrier tonnage originatingfrom 49 produc
PRIVATE CARRIAGE: AGE OF EVOLUTION
David M. Cawthorne |
Evolution rather than revolution best describes how private carriage will develop in a new, less-reg
NORSK HYDRO CAN'T FIND SELLER
Bob Wesenberg |
Norsk Hydro is in the market for a chain of service stations in Norway, but not one of the six major
TIGERS CHIEF FACES BIG TEST
Larry Sterne |
Few incoming chief executives have faced a greater challenge than the one Stephen Wolf has at Flying
TRAFFIC BRIEFS
Wire and Staff Reports |
ICC Says '85 Listing On Waybills CompleteThe 1985 listing of confidential shipper and railro
EARNINGS
JOC Staff |
M-K-T Rail's Income Increased for QuarterMissouri-Kansas-Texas Railroad reported second quar
RAIL CONTRACT GUIDELINES HIT
Juliana King |
Rail contract recommendations made by a presidential panel are disappointingbecause they fai
NTSB SEEKS CAUSE OF WRECK OF STEAM EXCURSION TRAIN
Carl Cahill |
Cleanliness is the latest suspect in a derailment which has been called the worst passenger train ac
AVIATION BRIEFS
Wire and Staff Reports |
Delta Enters Bidding For Jet America LineDelta Air Lines has entered the bidding for Jet Ame
BARGE CALL RATES
Knight-Ridder Financial |
The following are the results of Monday's St. Louis Merchants Exchange call session for barge freigh
CANADAIR LTD. SALE CONFIRMED
Journal of Commerce Staff |
Canadair Ltd. will be sold to Bombardier Inc. of Montreal, Barbara McDougall, minister of state for
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