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BUSINESS
February 22, 1993 | From Times Staff and Wire Reports
Currency Losses at Showa Shell: Showa Shell Sekiyu, one of Japan's leading oil refiners, will take a loss of more than $1 billion after the refiner's finance department bungled an attempt to profit in the currency market, Japanese media reported. Showa's president, Takeshi Henmi, said the losses stemmed from speculative transactions in currency derivatives by several people in Showa's finance department.
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BUSINESS
February 22, 1993 | From Times Staff and Wire Reports
Currency Losses at Showa Shell: Showa Shell Sekiyu, one of Japan's leading oil refiners, will take a loss of more than $1 billion after the refiner's finance department bungled an attempt to profit in the currency market, Japanese media reported. Showa's president, Takeshi Henmi, said the losses stemmed from speculative transactions in currency derivatives by several people in Showa's finance department.
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BUSINESS
August 13, 1990 | From Times Wire Services
The Japanese government today warned one of the country's biggest oil companies not to make any hasty increases in gasoline or other oil-product prices, said a spokesman for the company, Showa Shell Sekiyu. The director-general of the Agency of Natural Resources and Energy, Kenjiro Ogata, told Showa Shell President Takeshi Itsumi to watch the Middle East situation carefully before raising prices, the company spokesman said.
BUSINESS
March 11, 1987
Arco Solar, the leading manufacturer of solar cells, said the joint venture with the West German firm will license Siemens Solar GmbH, a member of the Siemens Group of West Germany, to do research based on Arco's thin-film silicon solar technology. It will also give Arco access to Siemens Solar's marketing outlets in Europe and might eventually lead to a joint manufacturing plant. Arco wouldn't put a dollar figure on the venture.
BUSINESS
July 30, 1991 | From Wire Service Reports
Japan's top brokerages Monday reluctantly revealed the names of 200 top clients they said were compensated for huge stock losses in a major financial scandal. Here are some of the entities listed by the Japan Securities Dealers Assn.: The government's Health and Welfare Ministry's Pension Welfare Service Public Corp. topped the list of compensated investors with $35.5 million. Showa Shell Sekiyu K.K. received $31.8 million. Matsushita Electric Industrial Co., which recently purchased MCA Inc.
BUSINESS
May 6, 1986 | ALAN GOLDSTEIN, Times Staff Writer
Arco Solar, the world's leading maker of solar energy cells, plans to build a second manufacturing plant in Ventura County in 1988 or 1989, company officials say. Chatsworth-based Arco Solar would not disclose how much the plant will cost or how many people it will employ. The company said, however, that it is looking for about 30 acres for the factory. Most likely, the site will be in Simi Valley, Camarillo or Oxnard, said James H. Caldwell Jr., the company's president.
BUSINESS
May 5, 1987 | ALAN GOLDSTEIN, Times Staff Writer
Solarex, a subsidiary of Amoco, has filed suit to prevent Camarillo-based Arco Solar from making "thin film" solar cells, a practice Solarex says infringes on its patent rights. The suit, filed last Wednesday in U.S. District Court in Delaware, alleges that Arco Solar manufactures thin film cells using a technology similar to the one that Solarex purchased under a 1983 exclusive licensing arrangement with RCA. Solarex, based in Rockville, Md., is seeking unspecified damages.
BUSINESS
November 22, 1991 | MICHAEL PARRISH, TIMES STAFF WRITER
Exxon Corp., together with the Japanese government and several major Japanese companies, appears to be on the verge of winning approval from Soviet authorities to explore for oil and gas on Sakhalin Island off the Siberian coast, an area off-limits to foreign oil explorers for the past 70 years but considered one of the most promising untapped oil fields in the world.
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