BUSINESS
March 10, 1995 | JAMES GERSTENZANG, TIMES STAFF WRITER
Despite the Clinton Administration's renewed effort to bolster the sagging dollar, the U.S. currency resumed its downward spiral Thursday, falling against the Japanese yen, the British pound and the Swiss franc and edging up only slightly against the German mark. With his options limited, and timing considered crucial, Treasury Secretary Robert E. Rubin declared, "This Administration believes a strong dollar is in America's national interest."
BUSINESS
September 20, 1993 | JAMES GERSTENZANG, TIMES STAFF WRITER
When senior European officials gather today in Brussels, a resolution of one of international commerce's most intransigent problems will be hanging in the balance--and with it one of the best hopes for healing faltering economies from Pasadena to Paraguay.
NEWS
July 5, 1994 | JAMES GERSTENZANG and PAUL RICHTER, TIMES STAFF WRITERS
Just a year ago, an increasingly popular President Clinton was heading for his first economic summit in Tokyo, where he showed the world a flattering new side of a leader who had been focusing on domestic issues. How things change. Today, Clinton departs for his second economic summit, this one in Naples, Italy, starting Friday, with his roller-coaster standing in opinion polls on the downward slope and his currency scraping a rocky bottom.
BUSINESS
November 21, 1991 | KAREN TUMULTY, TIMES STAFF WRITER
Although McDonnell Douglas' proposal to sell 40% of its commercial airline business to Taiwan investors has set off alarm bells on Capitol Hill--with 30 senators asking President Bush to intercede--experts said Wednesday that it will probably win relatively easy approval from the Administration. Blocking the deal would be inconsistent with the Bush Administration's free-trade ideology, experts said.