Advertisement
YOU ARE HERE: LAT HomeCollectionsJapan Leasing Corp
IN THE NEWS

Japan Leasing Corp

FEATURED ARTICLES
BUSINESS
January 25, 1999 | From Reuters
GE Capital declared its intention Sunday to become a financial services leader in Japan following its purchase of the leasing operations of bankrupt Japan Leasing Corp. for about $7 billion. The financial services arm of General Electric Co. became the latest U.S. firm to salvage a bargain from the wreck of Japan's bubble economy. It immediately revealed high ambitions for the Japanese market.
ARTICLES BY DATE
BUSINESS
January 25, 1999 | From Reuters
GE Capital declared its intention Sunday to become a financial services leader in Japan following its purchase of the leasing operations of bankrupt Japan Leasing Corp. for about $7 billion. The financial services arm of General Electric Co. became the latest U.S. firm to salvage a bargain from the wreck of Japan's bubble economy. It immediately revealed high ambitions for the Japanese market.
Advertisement
BUSINESS
September 28, 1998 | MARK MAGNIER, TIMES STAFF WRITER
Japan Leasing Corp. became this economically troubled nation's largest postwar bankruptcy when it filed for protection from creditors Sunday night, sending shock waves through an already battered financial system. The company, which listed total liabilities of 2.4 trillion yen, or about $17.9 billion, was established in 1963 to lease airplanes, ships, farm and construction equipment and has a staff of 1,300.
BUSINESS
September 28, 1998 | MARK MAGNIER, TIMES STAFF WRITER
Japan Leasing Corp. became this economically troubled nation's largest postwar bankruptcy when it filed for protection from creditors Sunday night, sending shock waves through an already battered financial system. The company, which listed total liabilities of 2.4 trillion yen, or about $17.9 billion, was established in 1963 to lease airplanes, ships, farm and construction equipment and has a staff of 1,300.
BUSINESS
April 20, 1999 | Bloomberg News
Sumitomo Corp. of America said it sold its U.S. equipment-financing unit to General Electric Capital Corp., the world's biggest finance company, for an undisclosed amount to raise funds for more profitable businesses. The Norwalk, Conn.-based finance unit, called Phoenixcor Inc., has almost $1 billion in assets and is one of the 60 biggest U.S. lenders to businesses buying equipment. It has 16 offices across the country and will become part of GE Capital's commercial-equipment financing unit.
BUSINESS
May 8, 1990
El Camino Resources Ltd., a computer leasing company in Northridge, said it received investments from two Japanese companies that would enable it to triple its present $100 million in annual lease volume. Privately held El Camino did not release terms of the investments, except to say that each of the Japanese companies--Japan Leasing Corp. and Applied Technology Corp.--would acquire a 12.5% stake in El Camino and that Japan Leasing would add one member to El Camino's board of directors.
BUSINESS
May 17, 1999 | From Bloomberg News
General Electric Co.'s financial unit, taking another huge step toward becoming a financial-services leader in Japan, said Sunday that it will buy the $11-billion U.S. commercial loan portfolio of insolvent Long-Term Credit Bank of Japan. Terms weren't disclosed. GE Capital Services Inc., the world's largest non-bank finance company, is buying assets of money-losing Japanese financial companies, and the LTCB transaction is the fifth since the start of 1998.
BUSINESS
September 29, 1998 | From Associated Press
After weeks of political wrangling, Japanese lawmakers unveiled a plan Monday for passing banking reform legislation that many see as a vital step toward resolving this nation's protracted financial crisis. Ruling party and opposition lawmakers ironed out the accord after marathon talks during the weekend, raising hopes that bitter political debate will give way to speedy passage of the bills.
BUSINESS
May 29, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
Computer leasing is not a business for the faint-hearted. A decade ago, Itel Corp., OPM Leasing Services and other big lessors went broke. These days the industry, fiercely competitive as always, is going through another shakeout. But in that turbulence a Northridge company, El Camino Resources Ltd., sees opportunity.
NEWS
May 16, 1999 | MARK MAGNIER, TIMES STAFF WRITER
In the past, Japan has been a powerful engine of growth that led its Asian neighbors out of recession like a locomotive dragging its many boxcars. Thus, many have presumed that the rest of Asia cannot truly recover from its current crisis until Japan is back on its feet. But that dependence is weakening, say economists and financial analysts.
Los Angeles Times Articles
|