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BUSINESS
September 22, 1992
Ropak Corp., a maker of plastic shipping containers, said Monday that it has sold its Bishop's Falls, Canada, bottle-manufacturing facility to the plant's former manager. Ropak sold the Newfoundland bottle operation for cash and notes totaling less than $1 million but bought back a 20% stake in the newly incorporated company, Clamar Plastics Ltd., for an undisclosed amount.
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BUSINESS
February 15, 1995 | JOHN O'DELL, TIMES STAFF WRITER
Southern California's struggling housing industry could get a much-needed jump-start as part of a proposed $215-million investment in Bramalea Inc., a Canadian real estate development company. Though Bramalea is best known as a commercial and retail developer, a portion of the cash--perhaps $25 million--would be targeted for land acquisitions by the Toronto company's Bramalea California Inc. housing division, headquartered in Newport Beach.
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BUSINESS
October 17, 1989 | JONATHAN WEBER, TIMES STAFF WRITER
The recent acquisition of insolvent Pacific Savings Bank of Costa Mesa by the Canadian financial services conglomerate Royal Trustco Ltd. could represent the beginning of a series of U.S. banking investments by "snowbirds" from north of the border, Canadian financial analysts said Monday. And it comes as no surprise that Royal Trust--with a strong balance sheet, a highly regarded management team and the backing of one of Canada's most powerful families--would be at the forefront of the trend.
BUSINESS
September 20, 1989 | MARTHA GROVES, Times Staff Writer
After more than a week of tense negotiations, Campeau Corp. said Tuesday that it finally has secured a $250-million loan that will bail out its cash-starved U.S. retailing companies. In exchange for the infusion, the wealthy Reichmann brothers of Canada and their Olympia & York Developments, as expected, gain control of the retailing units and will oversee Campeau's previously announced overhaul, including the sale of the glitzy Bloomingdale's chain.
BUSINESS
February 18, 1988 | OSWALD JOHNSTON, Times Staff Writer
A staff study by the Federal Trade Commission has concluded that a merger of two of the nation's largest retail chains, Federated Department Stores and the Canadian-owned Allied Stores, would not violate antitrust laws because consumers have many other types of retail outlets available to them, a House subcommittee disclosed Wednesday.
BUSINESS
December 30, 1987 | Associated Press
De Havilland Aircraft won't be profitable again for at least two years, say officials of its parent, Boeing Co. The commuter airplane manufacturer had been owned by the Canadian government since 1974 and seemed a bargain at the $112-million price paid by Boeing in January, 1986. Since then, however, Boeing officials say, high production costs at De Havilland have been partly to blame for the parent company's decline in profits.
BUSINESS
January 8, 1993 | From Times Staff and Wire Reports
Air Canada Gets OK to Invest in Continental: The U.S. Department of Transportation announced its approval of a proposed $450-million investment in Continental Airlines by Air Canada and Air Partners of Dallas. The department said that under the investment agreement and reorganization plan, the airline will continue to meet legal standards requiring it to operate under the control of U.S. citizens.
BUSINESS
January 19, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Commercial Center Bank has become Orange County's biggest community bank in spite of a dubious distinction that sets it apart from all other local financial institutions: It has been up for sale longer than many bankers care to remember. Now, though, the Canadian operators of the bank are getting serious about completing a deal this year, and they have hired a Wall Street investment bank to solicit bids, mainly from out-of-state banks. "We have two or three excellent prospects," said C.
BUSINESS
July 9, 1993 | ANNE MICHAUD, TIMES STAFF WRITER
State of the Art Inc., the accounting software developer in Irvine, said Thursday that it plans to start a Canadian company to serve that market. The company will be in the greater Toronto area, State of the Art said, and will employ about 25 Canadians during its first year. The company said it is negotiating for office space now.
BUSINESS
January 8, 1993 | From Times Staff and Wire Reports
Air Canada Gets OK to Invest in Continental: The U.S. Department of Transportation announced its approval of a proposed $450-million investment in Continental Airlines by Air Canada and Air Partners of Dallas. The department said that under the investment agreement and reorganization plan, the airline will continue to meet legal standards requiring it to operate under the control of U.S. citizens.
BUSINESS
September 22, 1992
Ropak Corp., a maker of plastic shipping containers, said Monday that it has sold its Bishop's Falls, Canada, bottle-manufacturing facility to the plant's former manager. Ropak sold the Newfoundland bottle operation for cash and notes totaling less than $1 million but bought back a 20% stake in the newly incorporated company, Clamar Plastics Ltd., for an undisclosed amount.
BUSINESS
June 24, 1992 | John O'Dell / Times staff writer
In the late 1970s, Canadian building companies flush with cash from their country's economic boom swarmed into Southern California to take advantage of this area's building frenzy as well. By 1983, as the dust settled from the collapse of the Southland banking and real estate industries, most of the Canadian firms were gone. Now some of them are coming back. As bad as the recession and building bust have been here, things in Canada are even worse. The jobless rate there is 11.
BUSINESS
May 12, 1992 | CRISTINA LEE, TIMES STAFF WRITER
An upstart long-distance company hopes to compete with AT&T and MCI in what is expected to be a lucrative market for phone calls to Vietnam. Trans Pacific Telecommunications Management Inc. in Costa Mesa is offering rates below those of the major long-distance companies for calls to Vietnam, said co-owner Gary L. Goforth. Through an agreement with U.S. and Canadian long-distance companies--Vortel Communications Inc. in San Francisco and Unitel Communications Inc.
BUSINESS
August 20, 1990 | JAMES BATES, TIMES STAFF WRITER
Fighting in the Persian Gulf could jeopardize the $3-billion sale of Columbia Savings & Loan's junk bond portfolio to a Canadian investment group, according to a clause in the sale agreement. The clause states that Gordon America, the Toronto-based partnership planning to buy the bonds, has the right to bail out of the deal if there is "continuing, armed hostilities involving the United States or Canada" between now and the scheduled closing date of Oct. 2.
BUSINESS
June 8, 1990 | Michael Flagg, Times staff writer
Foreign Interest: With all the talk about Japanese investment in U.S. real estate, other countries are often overlooked. One big investor: Canada. And one of the most active Canadian companies in Southern California recently is Bentall Development Co., which has set up offices in Orange. Bentall said it just bought a four-story office building in San Diego for $8.9 million, the company's first move into the San Diego market. United Artists Theatre Circuit Inc.
BUSINESS
May 5, 1992
The Prudential Real Estate Affiliates Inc., a nationwide residential real estate brokerage based in Costa Mesa, expanded into Canada last week--picking up 34 franchise offices in Nova Scotia, New Brunswick, Newfoundland and Prince Edward Island. Prudential Real Estate, a subsidiary of the Prudential Insurance Co. of America, headquartered in Newark, N.J., awarded its first international franchise to the real estate division of Central Guaranty Trust Co.
BUSINESS
May 1, 1992 | SUSAN CHRISTIAN, TIMES STAFF WRITER
Fluor Daniel, the principal subsidiary of engineering and construction giant Fluor Corp., announced winning two major contracts Thursday with a total value of about $460 million. In one of the lucrative contracts, valued at $300 million, Fluor Daniel will provide engineering and construction management services for a copper mine in Chile. Completion of the mine and processing facilities, which will produce 75,000 tons of refined copper per year, is scheduled for mid-1994.
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