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Eastern Europe Business

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NEWS
September 18, 1990 | MAURA REYNOLDS, TIMES STAFF WRITER
Allen Kelly was looking for new markets for his telephone-switching maintenance equipment when the opening up of Eastern Europe rang a bell. The entire former East Bloc was laden with old telephone systems that surely needed cleaning and upkeep, he reasoned. The only problem was, where would he start? Then, the West Los Angeles businessman found out about the U.S. Commerce Department's East European hot-line service and telephoned to see what he could learn.
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NEWS
September 18, 1990 | MAURA REYNOLDS, TIMES STAFF WRITER
Allen Kelly was looking for new markets for his telephone-switching maintenance equipment when the opening up of Eastern Europe rang a bell. The entire former East Bloc was laden with old telephone systems that surely needed cleaning and upkeep, he reasoned. The only problem was, where would he start? Then, the West Los Angeles businessman found out about the U.S. Commerce Department's East European hot-line service and telephoned to see what he could learn.
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NEWS
February 22, 1990 | From Times staff and wire service reports
Britain's Prince Charles urged business leaders from around the globe to take an active role in promoting free enterprise in Eastern Europe. "Business leaders can be a real force for positive change throughout the world," Charles told more than 100 chief executives Wednesday. "Clearly, you are operating in a changing world with all sorts of new market conditions."
BUSINESS
October 26, 1998 | From Associated Press
In a sure sign of the times, Pizza Hut has decided to close its two restaurants in Moscow, according to a published report. The U.S. chain was among the first fast-food businesses to set up shop in the Soviet Union 10 years ago, and recent commercials have even used former Soviet President Mikhail Gorbachev as a pitchman.
BUSINESS
May 5, 2000
With royalty payments flowing in from its hepatitis treatment, Costa Mesa drug maker ICN Pharmaceuticals Inc. posted record earnings and revenue for the first three months this year. The multinational company earned $27.4 million, or 34 cents a share, a 21% increase over the $22.6 million, or 28 cents a share, it earned in last year's first quarter. Revenue jumped 9% to $192.3 million from $176.1 million.
NEWS
February 20, 1989 | From Associated Press
Authorities arrested two people on charges they tried to pass along top-secret NATO documents to the Soviet Union, including information on a new computer system designed to direct an entire battle, news reports said Sunday. "It could be the biggest counterespionage operation in Europe in recent years," Rome's La Repubblica newspaper said. Prosecutors and police confirmed that two people were arrested for espionage, but they refused to give details, saying the investigation is continuing.
BUSINESS
September 2, 1991 | LESLIE HELM, TIMES STAFF WRITER
The breakup of the Soviet Union may create business opportunities in Russia and other republics over the long term, but Japanese investors say that for the time being political instability has actually increased the risks of making an investment. "Over the short term there is going to be a lot of confusion," said Takashi Murakami, head of the economic studies division of the Japan Assn.
BUSINESS
May 25, 1991 | JAMES GERSTENZANG, TIMES STAFF WRITER
The United States and its major allies have agreed on a plan to cut by half the list of high-technology products--from computers to airliners--that they will block from shipment to the Soviet Union, the White House announced Friday.
OPINION
April 18, 1999 | EDWARD A. KANGAS and GEORGE RUPP, Edward A. Kangas, the chairman of Deloitte Touche Tohmatsu International, and George Rupp, the president of Columbia University, are co-chairs of the Committee for Economic Development's subcommittee on campaign finance reform
Corporate America has long promoted investments in democracy and freedom. From the Marshall Plan through the emergence of new economies in Eastern Europe, the business community at its best has helped bring reform and renewal to nations around the globe. Now it's time for the business community to invest in democracy at home. It must contribute to fixing a campaign financing system that is a threat to our democracy. Today's campaign financing system doesn't work for anyone.
BUSINESS
January 15, 1990 | DAVID OLMOS, TIMES STAFF WRITER
As the Iron Curtain has crumbled over the past several months, local businessmen James Harrell and Paul Armstrong have been devouring all the news they can about the fast-paced changes sweeping the Soviet Union and the rest of Eastern Europe. During the past year, both Harrell and Armstrong have formed separate companies with the idea of tapping the potential created by the extraordinary political and economic changes that have taken place in Eastern Europe.
NEWS
July 9, 1991 | DONALD WOUTAT, TIMES STAFF WRITER
The Marriott Corp.'s first move into Eastern Europe--a hotel it opened two years ago in downtown Warsaw--has been, the company says, a rip-roaring commercial success. The Marriott Warsaw's room rates--in the $200-a-night range--and its overall revenues are twice what the firm had planned for, says Nick Ward, Marriott's vice president for international development. "We are wildly enthusiastic," he says.
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