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United States Foreign Investments Iraq

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NEWS
September 20, 1990 | JONATHAN PETERSON, TIMES STAFF WRITER
Iraq's move to freeze foreign assets is expected to have a limited effect on its foes because few outside nations, including the United States, have a large financial stake in Iraq or Kuwait, analysts said Wednesday. "It's primarily symbolic," said J. R. AbiNader, president of the National U.S.-Arab Chamber of Commerce in Washington. "Most countries don't have assets in Iraq or Kuwait."
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NEWS
September 20, 1990 | JONATHAN PETERSON, TIMES STAFF WRITER
Iraq's move to freeze foreign assets is expected to have a limited effect on its foes because few outside nations, including the United States, have a large financial stake in Iraq or Kuwait, analysts said Wednesday. "It's primarily symbolic," said J. R. AbiNader, president of the National U.S.-Arab Chamber of Commerce in Washington. "Most countries don't have assets in Iraq or Kuwait."
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BUSINESS
August 4, 1990 | From Times Wire Services
General Motors Corp. said Friday that it suspended participation in a project to build a vehicle assembly plant in Iraq that was scheduled to produce Oldsmobile cars and Chevrolet trucks by as early as next year. The decision to suspend involvement in the 10-year project near Baghdad was made to comply with President Bush's order for American businesses not to take part in any Iraqi projects because of Iraq's invasion of Kuwait this week, GM spokesman Jack Harned said.
NEWS
September 18, 1990 | ALAN C. MILLER, TIMES STAFF WRITER
Within hours of Iraq's invasion of Kuwait, R. Richard Newcomb was summoned from his bed in Alexandria, Va., to the White House, where he worked through the night. The pace has slowed only slightly in the five weeks since then. "It's part of the job," Newcomb said during a break between rounds of meetings and phone calls in his spacious but Spartan office overlooking Washington's Lafayette Park. "It's understood that when you need to go around the clock, you do."
NEWS
September 18, 1990 | ALAN C. MILLER, TIMES STAFF WRITER
Within hours of Iraq's invasion of Kuwait, R. Richard Newcomb was summoned from his bed in Alexandria, Va., to the White House, where he worked through the night. The pace has slowed only slightly in the five weeks since then. "It's part of the job," Newcomb said during a break between rounds of meetings and phone calls in his spacious but Spartan office overlooking Washington's Lafayette Park. "It's understood that when you need to go around the clock, you do."
BUSINESS
August 20, 1988 | From Times Wire Services
Steel and oil giant USX Corp. has stirred up this area by planning to sell a shutdown steel mill to the government of Iraq, which wants to dismantle it and ship it home to build pipes for irrigation and oil production. The company first announced that it was negotiating the sale in late July and opposition has been growing. USX has not said how much money it is asking for the plant, but there have been reports that Iraq has offered $100 million. Rep. Jack Fields (R-Tex.
BUSINESS
August 4, 1990 | From Times Wire Services
General Motors Corp. said Friday that it suspended participation in a project to build a vehicle assembly plant in Iraq that was scheduled to produce Oldsmobile cars and Chevrolet trucks by as early as next year. The decision to suspend involvement in the 10-year project near Baghdad was made to comply with President Bush's order for American businesses not to take part in any Iraqi projects because of Iraq's invasion of Kuwait this week, GM spokesman Jack Harned said.
BUSINESS
August 20, 1988 | From Times Wire Services
Steel and oil giant USX Corp. has stirred up this area by planning to sell a shutdown steel mill to the government of Iraq, which wants to dismantle it and ship it home to build pipes for irrigation and oil production. The company first announced that it was negotiating the sale in late July and opposition has been growing. USX has not said how much money it is asking for the plant, but there have been reports that Iraq has offered $100 million. Rep. Jack Fields (R-Tex.
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