March 25, 1986
European and U.S. banks have agreed to reschedule $14 billion of its foreign debt, South African Finance Minister Barend du Plessis announced. Du Plessis said the agreement negotiated by Swiss mediator Fritz Leutwiler was approved at a meeting in London. "It can now be confirmed that all outstanding issues have been disposed of at this meeting," he said in a statement. The agreement calls for South Africa to lift its unilateral freeze on repayments of all outstanding foreign debts.
July 12, 1995
After 13 years in Los Angeles, the Raiders are being heartily welcomed back to Oakland. The Alameda County Board of Supervisors voted, 5-0, Tuesday to approve the deal that would make the Raiders the first U.S. sports team to return to its roots. The Oakland City Council gave its seal of approval Tuesday night, 9-0.
November 12, 1996 |
Officials of the baseball players' union, meeting with acting Commissioner Bud Selig and four other owners at union offices in New York on Monday, said they would not change the proposed labor agreement rejected by the owners last Wednesday. However, Selig planned to talk to union leader Donald Fehr again today, and sources close to the situation remained hopeful that an agreement could be reached before the deadline of Thursday midnight.
April 14, 1987
The cosmetics giant will be taken private by its dominant stockholder, MacAndrews & Forbes Holdings Inc., in a sweetened cash deal worth $20.10 a share, or $783 million, both companies announced. The agreement came less than two weeks after MacAndrews & Forbes began a bid to acquire the rest of the cosmetics company for $18.50 a share, or $721.5 million.
April 12, 1985 |
Cambridge Bioscience said it completed a joint development agreement with American Hospital Supply to jointly develop Cambridge Bioscience's urinary tract diagnostic system.
September 18, 1986
AT&E Corp. announced an agreement with Hattori Seiko Co. for use of AT&E technology in Seiko wristwatches that will be capable of receiving messages from standard telephones. The agreement provides Seiko with exclusive manufacturing rights in Asia, exclusive selling rights in Asia and nonexclusive selling rights in the United States and Canada.
December 12, 1985
Pan Electric Industries' chief shareholder signed an agreement enabling the debt-laden firm to resume normal trading for the first time since a dramatic collapse that forced the Singapore and Malaysian stock exchanges to suspend trading for three days. Millionaire businessman Tan Koon Swan signed the agreement giving the company $20 million in new funds.
November 21, 1985 |
The Senate today approved a long-delayed agreement providing for nuclear technology cooperation between the United States and China. The voice vote approval came without audible dissent. A resolution approving the agreement is still pending in the House, but the accord will take effect Dec. 11 nonetheless, since it could have been blocked only if the House and Senate both voted against it.