December 2, 1986
First City Financial, a financial services firm controlled by the Belzberg family of Canada, had sought majority interests in British Columbia Telephone and Quebec Telephone. "First City proposed to repatriate these Canadian assets at a price which it believed represented their fair value. GTE declined to enter negotiations," a spokesman for First City said.
December 20, 2005 |
ABN Amro Bank will have to pay an $80-million penalty because it failed to comply with U.S. laws designed to block money laundering, U.S. bank regulators and supervisors said. The Federal Reserve, two state bank supervisory agencies, the Financial Crimes Enforcement Network and the federal Office of Foreign Assets Control said they had found defects in Amsterdam-based ABN Amro's internal controls against money laundering in its New York and Chicago branches.
September 7, 2000 |
Telefonos de Mexico, Mexico's largest phone company, said it will spin off its mobile phone unit and most of its international units to form the largest mobile phone operator in Latin America. Telmex shareholders will receive an equal amount of shares in the new company, to be called America Movil, the company said in a press release. America Movil will have 9.9 million clients. The investments the foreign assets require to develop now won't affect the parent company, said Chairman Carlos Slim.
September 27, 2013 |
Cuba's government has lifted its ban on professional sports, allowing athletes to sign contracts and compete for pay outside the island. The change will make it easier for Cubans to compete professionally in Europe and Asia, but it does not necessarily mean a new wave of Cuban baseball players will be landing in Major League Baseball. Professional sports in the United States are still bound by a 51-year-old embargo that bans nearly all business transactions between Americans and the Cuban government.
February 7, 2013 |
Cuba Travel Services , headquartered in Long Beach, is ending its once-a-week charter service from Los Angeles to Havana partly because of U.S. government delays in processing applications for tour operators who take visitors to the island republic. The last flight left Los Angeles on Tuesday and returned from Havana on Wednesday. The company began the charter service in 2000. It blamed the recent action on a projected 40% drop in passengers from Los Angeles International Airport to Cuba this year.
February 6, 2001 |
Musician Ry Cooder, who was once fined by the U.S. government for traveling to Cuba without permission to collaborate with the acclaimed musicians known as the Buena Vista Social Club, is back in Cuba recording music. And this time, thanks to last-minute intervention from top Clinton administration officials, he's legal. Cooder, a singer, guitarist and songwriter, who with his Cuban colleagues won a Grammy Award in 1998, received U.S.
June 16, 1988
The Veterans Peace Convoy, rebuffed by federal agents as it tried to carry aid to Nicaragua across the U.S.-Mexican border, turned around and headed for Washington as supporters prepared to challenge the government action in court. Eight activists were briefly detained and four vehicles were impounded earlier in the day as the 37-vehicle caravan with about 30 tons of food, medicine and clothing was stopped at Laredo, Tex., by U.S. Customs officials.
May 30, 2003 |
The Bush administration Thursday ordered U.S. banks to freeze the financial assets of an Arab charity suspected of funneling money to the militant Islamic group Hamas. The action against the Al Aqsa Foundation was taken by the Treasury Department's Office of Foreign Assets Control and comes on the same day the British government ordered financial institutions there to freeze the group's assets.