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Swap Transactions

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BUSINESS
June 21, 1992 | VICTOR F. ZONANA, TIMES STAFF WRITER
Who says the space program is moribund? For the last 11 years, the rocket scientists have been hard at work--Wall Street rocket scientists, busy creating ever-more-exotic financial vehicles that are soaring into the stratosphere.
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NATIONAL
July 29, 2003 | From Times Wire Services
Salt Lake City officials and the Church of Jesus Christ of Latter-day Saints completed a land swap that gives the church the right to regulate behavior on the downtown block of Main Street it purchased from the city. In return for giving up an easement that allowed unfettered access on the Main Street block, the city received two acres of land to build a community center on the city's west side.
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BUSINESS
February 4, 1995 | Times Staff and Wire Reports
US West to Swap Cellular System With GTE: US West Inc. has agreed to swap its cellular phone business in San Diego for GTE Corp.'s cellular operations in four states in order to win approval of a planned merger of its domestic cellular business with AirTouch Communications Inc.
BUSINESS
January 31, 2000 | From Reuters
Pfizer Inc. could wrap up a bitter, three-month takeover battle for Warner-Lambert Co. as early as the end of the week with a deal worth about $75 billion, people familiar with the situation said Sunday. The combination of Pfizer, the No. 2 U.S. drug company and maker of impotence drug Viagra, with Warner-Lambert would create a pharmaceutical giant, second only to the proposed merger of British drug firms Glaxo Plc and SmithKline Beecham.
BUSINESS
September 1, 1994 | From Times Staff and Wire Reports
Unocal, Marathon Oil Trade Alaska Well Sites: As another step in reorganizing its Alaska operations, Union Oil Co., a subsidiary of Unocal Corp., agreed to swap oil properties and change operations with Houston-based Marathon Oil Co. in Alaska's Cook Inlet area. Unocal will get Marathon's current interest in the Swanson River field and become operator of the Dolly Varden and Steelhead platforms and the Trading Bay production facility.
NATIONAL
July 29, 2003 | From Times Wire Services
Salt Lake City officials and the Church of Jesus Christ of Latter-day Saints completed a land swap that gives the church the right to regulate behavior on the downtown block of Main Street it purchased from the city. In return for giving up an easement that allowed unfettered access on the Main Street block, the city received two acres of land to build a community center on the city's west side.
BUSINESS
November 18, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
In the first trade of its kind, Arizona Public Service Co. and New York's Niagara Mohawk Power Corp. have agreed to swap air pollution credits in a deal that could be a model for the way the world reduces emissions of carbon dioxide and other greenhouse gases. The agreement, expected to be announced today in Washington, calls for the exchange of credits in carbon dioxide and sulfur dioxide between the two utilities.
BUSINESS
January 31, 2000 | From Reuters
Pfizer Inc. could wrap up a bitter, three-month takeover battle for Warner-Lambert Co. as early as the end of the week with a deal worth about $75 billion, people familiar with the situation said Sunday. The combination of Pfizer, the No. 2 U.S. drug company and maker of impotence drug Viagra, with Warner-Lambert would create a pharmaceutical giant, second only to the proposed merger of British drug firms Glaxo Plc and SmithKline Beecham.
BUSINESS
July 18, 1989 | From Reuters
The Commodity Futures Trading Commission on Monday decided to allow two futures-type financial instruments to be traded outside organized exchanges, dealing a setback for the futures industry based in Chicago. In a ruling sought by many banks and businesses, the agency that regulates the nation's futures exchanges voted to exclude the burgeoning, billion-dollar swap markets from its control.
BUSINESS
February 4, 1995 | Times Staff and Wire Reports
US West to Swap Cellular System With GTE: US West Inc. has agreed to swap its cellular phone business in San Diego for GTE Corp.'s cellular operations in four states in order to win approval of a planned merger of its domestic cellular business with AirTouch Communications Inc.
BUSINESS
November 18, 1994 | MICHAEL PARRISH, TIMES STAFF WRITER
In the first trade of its kind, Arizona Public Service Co. and New York's Niagara Mohawk Power Corp. have agreed to swap air pollution credits in a deal that could be a model for the way the world reduces emissions of carbon dioxide and other greenhouse gases. The agreement, expected to be announced today in Washington, calls for the exchange of credits in carbon dioxide and sulfur dioxide between the two utilities.
BUSINESS
September 1, 1994 | From Times Staff and Wire Reports
Unocal, Marathon Oil Trade Alaska Well Sites: As another step in reorganizing its Alaska operations, Union Oil Co., a subsidiary of Unocal Corp., agreed to swap oil properties and change operations with Houston-based Marathon Oil Co. in Alaska's Cook Inlet area. Unocal will get Marathon's current interest in the Swanson River field and become operator of the Dolly Varden and Steelhead platforms and the Trading Bay production facility.
BUSINESS
June 21, 1992 | VICTOR F. ZONANA, TIMES STAFF WRITER
Who says the space program is moribund? For the last 11 years, the rocket scientists have been hard at work--Wall Street rocket scientists, busy creating ever-more-exotic financial vehicles that are soaring into the stratosphere.
BUSINESS
August 29, 2002 | From Bloomberg News
The Securities and Exchange Commission rejected a settlement proposal from Global Crossing Ltd., the big fiber-optic network operator that filed for bankruptcy protection in January. Under Global Crossing's offer, the company would have agreed to cease and desist fraudulent practices without denying or admitting guilt, the Wall Street Journal reported Wednesday, citing unidentified people familiar with the matter.
BUSINESS
August 24, 2002 | ROB URBAN, BLOOMBERG NEWS
Qwest Communications International Inc. said Friday that it would resolve conflicting testimony on the telephone company's accounting given to Congress by Chief Operating Officer Afshin Mohebbi. Qwest agreed to submit amended testimony Monday at the request of Rep. Michael G. Oxley (R-Ohio), chairman of the House Financial Services Committee.
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