Advertisement
YOU ARE HERE: LAT HomeCollectionsUnited States Foreign Investments Europe
IN THE NEWS

United States Foreign Investments Europe

FEATURED ARTICLES
BUSINESS
August 3, 1990 | MARTHA GROVES, TIMES STAFF WRITER
Fireman's Fund Insurance Co. said Thursday that it has agreed to be bought for $3.3 billion in cash by Allianz AG of Munich, West Germany, already Europe's largest insurer and a company long intent on expanding in the lucrative U.S. market. Fireman's Fund, based north of San Francisco in Novato, Calif., is the main subsidiary of Fund American Cos. of Greenwich, Conn. Last year, Fireman's Fund ranked 15th among U.S.
ARTICLES BY DATE
BUSINESS
October 11, 1999 | ANNETTE HADDAD and SCOTT DOGGETT, SPECIAL TO THE TIMES
Since its founding in 1907, Nielsen-Massey Vanillas Inc. has followed a winning business recipe of importing some of the world's highest-quality vanilla beans and turning them into pure extracts for some of America's finest confectioners, bakers and ice cream makers. Then in 1987, the family-run, Waukegan, Ill.-based company decided it was time to export its flavorful products.
Advertisement
BUSINESS
January 15, 1991 | ALAN CITRON, TIMES STAFF WRITER
Three European media companies have agreed to put up more than $600 million for film production at Warner Bros., a division of Time Warner Inc. Warner's partners in the deal, said to be the largest such pact between an American studio and European companies, are Arnon Milchan of the Dutch-owned Regency International Pictures, Germany's Scriba & Deyhle and France's Canal Plus. The partners expect to make at least 20 films, which Milchan will develop and produce. Warner Bros.
BUSINESS
August 12, 1999
* Staples Inc. agreed to buy three office supply companies in Europe for $120 million in cash, as part of its plan to expand its European outlets to 120 superstores from 79. The companies, whose combined annual revenues are $185 million, would be purchased from a joint venture of Germany's Metro and Deutsche Bank. The acquisition would bring Staples into the Netherlands and Portugal for the first time and would add 15 superstores in Germany for a total of 41.
BUSINESS
August 12, 1999
* Staples Inc. agreed to buy three office supply companies in Europe for $120 million in cash, as part of its plan to expand its European outlets to 120 superstores from 79. The companies, whose combined annual revenues are $185 million, would be purchased from a joint venture of Germany's Metro and Deutsche Bank. The acquisition would bring Staples into the Netherlands and Portugal for the first time and would add 15 superstores in Germany for a total of 41.
BUSINESS
January 9, 1997 | DONALD W. NAUSS, TIMES STAFF WRITER
General Motors Chairman John F. Smith said Wednesday that the auto maker is undertaking its biggest international expansion in history while stepping up research into a wide variety of advanced-technology vehicles. Smith told reporters at the North American International Auto Show here that GM is pursuing new ventures in the growth regions of Central Europe, Latin America and the Asia-Pacific.
BUSINESS
April 11, 1996
InVitro International said Wednesday that it has signed agreements with five companies that will represent its products and services in Europe. The company said the contracts should boost fiscal 1997 sales "significantly higher" than current sales and should help the company become profitable by the end of this year. The company lost $2.8 million on sales of $1.1 million for its 1995 fiscal year, which ended last Sept. 30.
BUSINESS
July 15, 1995 | From Bloomberg Business News
Sprint Corp.'s telecommunications joint venture with Deutsche Telekom and France Telecom can't be approved in its current form, said the European Union's top competition official. The U.S. Justice Department Thursday approved an agreement under which Sprint will sell a 20% stake in the company to the two European phone monopolies for as much as $4.2 billion. The approval came with several qualifications, including a condition that other U.S.
BUSINESS
May 10, 1995 | Times Staff and Wire Reports
Ford's European Operation to Engineer Escort: The Dearborn, Mich.-based auto maker is tapping its own European facility instead of Japanese partner Mazda Motor Corp. to develop the next Escort compact, partly to escape the high costs created by the soaring yen. Financially troubled Mazda had been considered the front-runner to engineer an international version of the Escort, Ford Motor Co.'s No. 2 seller in the United States behind the Taurus.
BUSINESS
April 4, 1999 | DEBORA VRANA, TIMES STAFF WRITER
Europeans are on an extended U.S. shopping spree, buying up American companies at a record pace. And Southern California firms have been among their favorite targets in recent months--a trend punctuated by BP Amoco of Britain's $26.8-billion deal for Atlantic Richfield Co. last week. But as the totals get ever larger, some analysts say European firms may be paying too much for the companies in their haste to snap up a piece of the thriving U.S. economy.
BUSINESS
November 13, 1998 | Bloomberg News
Planet Hollywood International Inc. is seeking to speed construction of restaurants overseas by offering new financial incentives to one of the company's primary franchisees, Prince Alwaleed bin Talal of Saudi Arabia. The billionaire investor, a nephew of Saudi Arabia's King Fahd, has agreed to develop Planet Hollywood restaurants in 23 countries in the Middle East and Europe.
BUSINESS
November 29, 1997 | From Bloomberg News
Banks, brokers, fund managers and insurers in the U.S. and Europe are taking advantage of tumult in the Asian markets by buying regional counterparts at bargain prices. Companies ranging from NationsBank Corp. and United Asset Management Corp. in the U.S. to Credit Suisse Group and Germany's Commerzbank are among those saying they're looking to buy.
BUSINESS
January 9, 1997 | DONALD W. NAUSS, TIMES STAFF WRITER
General Motors Chairman John F. Smith said Wednesday that the auto maker is undertaking its biggest international expansion in history while stepping up research into a wide variety of advanced-technology vehicles. Smith told reporters at the North American International Auto Show here that GM is pursuing new ventures in the growth regions of Central Europe, Latin America and the Asia-Pacific.
BUSINESS
April 11, 1996
InVitro International said Wednesday that it has signed agreements with five companies that will represent its products and services in Europe. The company said the contracts should boost fiscal 1997 sales "significantly higher" than current sales and should help the company become profitable by the end of this year. The company lost $2.8 million on sales of $1.1 million for its 1995 fiscal year, which ended last Sept. 30.
BUSINESS
November 1, 1994 | From Times Staff and Wire Reports
East Coast Leads Country in Foreign Investment: The region has become the leader in direct foreign investment, taking the top spot away from the West Coast due to increased participation from European investors, a survey by International Business magazine and consultants Arthur Andersen said. Foreign investors put $26.2 billion into U.S.-based companies and American real estate last year, up 71% from 1992.
NEWS
February 4, 1992
More than half of U.S. investment overseas is in Europe. But economic aid is a different story. In the former Soviet Union, for instance, Germany has far eclipsed America as a source of foreign aid. Total U.S. capital investment overseas (millions of dollars): 1989: $51,459 1990: $61,235 1991: $67,324 Total U.S. capital investment in Europe: 1989: $26,084 1990: $33,681 1991: $37,625 Source: U.S Survey of Current Business.
BUSINESS
October 6, 1995
Fluor Corp. said Thursday that its Fluor Daniel subsidiary has formed a partnership with Hitachi Ltd. of Japan to provide engineering and construction services for pharmaceutical companies relocating or expanding into Asia and Europe. A particular focus of the new alliance will be Japan's pharmaceutical industry, which represents $35 billion of the worldwide $250-billion pharmaceutical market.
BUSINESS
July 15, 1995 | From Bloomberg Business News
Sprint Corp.'s telecommunications joint venture with Deutsche Telekom and France Telecom can't be approved in its current form, said the European Union's top competition official. The U.S. Justice Department Thursday approved an agreement under which Sprint will sell a 20% stake in the company to the two European phone monopolies for as much as $4.2 billion. The approval came with several qualifications, including a condition that other U.S.
Los Angeles Times Articles
|