November 15, 1985 |
Thomas Bolan will be nominated for a second term on the board of directors of the Overseas Private Investment Corp., the White House announced Thursday. Bolan, 61, has served on the board since 1982 and is counsel to the New York law firm of Saxe, Bacon & Bolan.
June 21, 1989
The House, backing President Bush's effort to reward reforms in Eastern Europe, passed a bill easing trade and investment restrictions for Poland and Hungary. The measure, passed by voice vote and sent to the Senate, would drop U.S. tariffs on some imports from Poland and authorize the Overseas Private Investment Corp. to guarantee U.S. investments in Poland and Hungary. The changes are to respond to recent reforms.
March 19, 1998 |
Edison Mission Energy received $400 million from the U.S. Overseas Private Investment Corp., a federal agency, for two projects the power company is developing in Thailand. The power company said Wednesday it received $200 million for its Kui Buri project. The 734-megawatt coal plant will be built about 135 miles southwest of Bangkok in partnership with two Thai companies.
April 20, 1996 |
U.S. Reaches Settlement With Mining Firm: Overseas Private Investment Corp., a U.S. government finance agency, and New Orleans-based Freeport-McMoRan Copper & Gold Inc. settled a bitter dispute after the mining company agreed to establish a $100-million trust fund to finance environmental cleanup measures at its giant copper mine in Irian Jaya, Indonesia. In exchange, OPIC agreed to reinstate the company's $100-million political risk insurance through the end of the year.
August 27, 1994 |
SEC Commissioner to Resign: J. Carter Beese Jr., the lone Republican on the five-member Securities and Exchange Commissioner, said he intends resign later this year and return to private business. Beese, 38, an appointee of former President George Bush, has been a strong advocate of limiting the cost of regulations to the securities industry, arguing that keeping costs down will allow America's financial markets to stay competitive.
CALIFORNIA | LOCAL
March 18, 2004
Fred M. Zeder II, 82, a former U.S. representative to the Micronesian status negotiations who later headed the Overseas Private Investment Corp., died March 12 in Pebble Beach, Calif. The cause of death was not reported. A native of South Orange, N.J., Zeder served as a fighter pilot in the Army Air Forces during World War II. After the war, he founded several successful businesses. From 1956 to 1975, he was chairman and chief executive of Hydrometals Corp., a diversified manufacturing company.