July 2, 1988 |
Argentina has made some back payments on its $55-billion foreign debt, easing some of the pressure on U.S. banks that otherwise would have had to shift their Argentine loans to a non-accrual status, bankers said. William Rhodes, chairman of Argentina's 11-member bank advisory board, said Argentine central bank director Daniel Marx "has advised me of this (the payments) and I have heard from other banks that they have been receiving funds."
September 18, 1992
Sir Speedy Inc., a 24-year-old Laguna Hills printing shop franchiser, said it has sold exclusive franchise rights in Argentina to two businessmen from that country. Terms of the sale were not disclosed. The buyers--Cesar Batlle, general manager of one of Argentina's largest paper companies, and Buenos Aires attorney Alberto Zavalia Lagos--agreed to establish at least 15 Sir Speedy Printing Centers in Buenos Aires in the next five years.
October 29, 1992 |
Allergan Inc., a manufacturer of eye- and skin-care products, said Wednesday that its Buenos Aires subsidiary has acquired a controlling interest of an Argentine eye-care products maker. The company also revealed that it has eliminated about 100 jobs, or 1.8% of its worldwide work force, earlier this week as part of an ongoing effort to cut costs.
June 27, 1990 |
Bell Atlantic Corp. and Telefonica of Spain have won bids for control of Argentina's state telephone company, newspapers reported Tuesday. Bids for both sections of ENTel (Empresa Nacional de Telecomunicaciones), notorious for its poor telephone service and money-losing operations, were opened Monday. Winners of the northern section and southern section bids--both sections will split the most populous city in the country, Buenos Aires--will be announced Thursday.