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United States Foreign Investments Australia

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BUSINESS
October 3, 1988 | VICTOR F. ZONANA, Times Staff Writer
Earle M. Jorgensen Co., the Lynwood steel and aluminum distributor whose 90-year-old chairman and namesake is better known for his role in Ronald Reagan's kitchen cabinet, has attracted the interest of an Australian investor. The investor, Australian National Industries, has acquired a stake of at least 5% in the company. William J.
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BUSINESS
April 11, 1996
Industrial software maker Watson General Corp. said Wednesday that it signed a distribution agreement for its software and services in Australia, opening the door to international distribution of its products for monitoring leaks in underground fuel-storage tanks. The agreement is with V.R. Australia Pty. Ltd. in Cheltenham, Victoria, which provides services to owners of gasoline storage tanks in Australia.
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BUSINESS
January 10, 1989 | BRUCE HOROVITZ, Times Staff Writer
Chiat/Day, a feisty and fast-growing Los Angeles advertising agency that creates ads for Nissan and Reebok, said on Monday that it has reached a preliminary agreement to acquire Mojo MDA, Australia's largest advertising agency, for an estimated $77 million. The acquisition--if approved by Mojo shareholders--would make Chiat/Day the West Coast's first $1-billion ad agency, as measured by billings, and catapult it into the ranks of the nation's 20 largest agencies.
BUSINESS
January 25, 1995
Avco Financial Services Inc. said Tuesday it has purchased Household Financial Co. of Australia Ltd. The acquisition is a subsidiary of Household International Inc., a financial services company based in Prospect Heights, Ill. Terms of the sale were not disclosed. Richard Thomas, Avco senior vice president, will head House Finance Co. of Australia. Thomas was formerly managing director of Avco's Australia division before returning to the United States three years ago.
BUSINESS
April 11, 1996
Industrial software maker Watson General Corp. said Wednesday that it signed a distribution agreement for its software and services in Australia, opening the door to international distribution of its products for monitoring leaks in underground fuel-storage tanks. The agreement is with V.R. Australia Pty. Ltd. in Cheltenham, Victoria, which provides services to owners of gasoline storage tanks in Australia.
BUSINESS
November 30, 1994 | From Times Staff and Wire Reports
Fox Ownership of TV Stations Challenged: In a petition to be filed with the Federal Communications Commission, NBC says a federal law against foreign ownership of U.S. stations was violated when Rupert Murdoch was allowed to acquire six TV stations in 1985, according the New York Times. Murdoch bought the stations, which became the foundation of the Fox network, through News Corp. of Australia.
BUSINESS
November 9, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Hoping to gain a strong foothold in the fast-growing Pacific Rim computer market, Ingram Micro D said Thursday that it has tentatively agreed to buy a 33% interest in a large Australian computer distributor. Ingram Micro D, the nation's largest independent distributor of personal computer products, said it will pay $2.4 million for a one-third interest in Sidney, Australia-based Imagineering Technology Ltd. Under terms of the deal, the Santa Ana company would also provide $9.
BUSINESS
March 18, 1991 | TERESA WATANABE, TIMES STAFF WRITER
U.S. aerospace firms and other manufacturers could reap huge benefits Down Under when dramatic reductions in Australia's tariffs and quotas take effect. The United States is already Australia's largest foreign investor after the United Kingdom, and the South Pacific nation represents the 10th-largest market for U.S. goods and services--notably defense, aerospace and computer products.
BUSINESS
December 1, 1994 | JUBE SHIVER Jr., TIMES STAFF WRITER
The Fox television network vowed Wednesday to fight what it called a shameless bid by rival NBC to get federal officials to penalize Fox on the grounds that its ownership structure is illegal. In a 21-page petition filed Wednesday, NBC asked the Federal Communications Commission to declare the Fox TV network foreign-owned and thus in violation of a federal statute that generally limits foreigners to no more than a 25% interest in U.S. broadcast stations.
BUSINESS
November 30, 1994 | From Times Staff and Wire Reports
Fox Ownership of TV Stations Challenged: In a petition to be filed with the Federal Communications Commission, NBC says a federal law against foreign ownership of U.S. stations was violated when Rupert Murdoch was allowed to acquire six TV stations in 1985, according the New York Times. Murdoch bought the stations, which became the foundation of the Fox network, through News Corp. of Australia.
BUSINESS
March 18, 1991 | TERESA WATANABE, TIMES STAFF WRITER
U.S. aerospace firms and other manufacturers could reap huge benefits Down Under when dramatic reductions in Australia's tariffs and quotas take effect. The United States is already Australia's largest foreign investor after the United Kingdom, and the South Pacific nation represents the 10th-largest market for U.S. goods and services--notably defense, aerospace and computer products.
BUSINESS
February 18, 1991 | TERESA WATANABE, TIMES STAFF WRITER
In September, 1989, Du Pont Co. executive Richard Warburton was chatting with a government official in Sydney during a meeting of the Australian Manufacturing Council. He casually mentioned that Du Pont could probably operate a particular Australian-owned textile factory without the $35-million annual public subsidy it needed to stay afloat. The official's eyes lit up. "You really mean that?" he told Warburton, chairman of Du Pont Australia-Du Pont New Zealand Ltd.
BUSINESS
November 9, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Hoping to gain a strong foothold in the fast-growing Pacific Rim computer market, Ingram Micro D said Thursday that it has tentatively agreed to buy a 33% interest in a large Australian computer distributor. Ingram Micro D, the nation's largest independent distributor of personal computer products, said it will pay $2.4 million for a one-third interest in Sidney, Australia-based Imagineering Technology Ltd. Under terms of the deal, the Santa Ana company would also provide $9.
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