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United States Foreign Investments Luxembourg

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BUSINESS
September 16, 1988 | DARRELL DAWSEY, Times Staff Writer
Saying it's been rough going in the bicycle business this year, the nation's leading bike maker announced Thursday that it will sell its money-losing Raleigh subsidiary to a Luxembourg firm. The announcement Thursday came from Huffy Corp. of Dayton, Ohio, which produces roughly 60% of the bicycles made in the United States. It said it would sell Raleigh Cycle Co. of America to Derby International Corp. S.A. of Luxembourg for an undisclosed amount.
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NEWS
March 2, 1991 | PAUL HOUSTON and ROBERT L. JACKSON, TIMES STAFF WRITERS
The Federal Reserve Board and the Department of Justice are investigating whether a large international bank has secretly and illegally held controlling ownership in Washington's largest bank, headed by former Defense Secretary Clark M. Clifford. The investigators are trying to determine whether a Luxembourg-based institution, known as the Bank of Credit and Commerce International, or BCCI, has secretly controlled Clifford's First American Bank, with Clifford's knowledge.
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BUSINESS
May 30, 1989 | From the Washington Post
In the early 1980s, money market maven James Benham decided to go global. He opened an office in Luxembourg, went through the regulatory hoops, created a no-load U.S. Treasury bill fund and set out to sell it to retail customers in Europe the same way he sold money funds to customers in this country. The fund was a flop. Despite vigorous sales efforts and prospectuses in three languages, the fund never collected more than $4 million, and, after four years of frustration, Benham closed it down and returned the money to shareholders.
BUSINESS
May 30, 1989 | From the Washington Post
In the early 1980s, money market maven James Benham decided to go global. He opened an office in Luxembourg, went through the regulatory hoops, created a no-load U.S. Treasury bill fund and set out to sell it to retail customers in Europe the same way he sold money funds to customers in this country. The fund was a flop. Despite vigorous sales efforts and prospectuses in three languages, the fund never collected more than $4 million, and, after four years of frustration, Benham closed it down and returned the money to shareholders.
NEWS
March 2, 1991 | PAUL HOUSTON and ROBERT L. JACKSON, TIMES STAFF WRITERS
The Federal Reserve Board and the Department of Justice are investigating whether a large international bank has secretly and illegally held controlling ownership in Washington's largest bank, headed by former Defense Secretary Clark M. Clifford. The investigators are trying to determine whether a Luxembourg-based institution, known as the Bank of Credit and Commerce International, or BCCI, has secretly controlled Clifford's First American Bank, with Clifford's knowledge.
BUSINESS
December 9, 1987 | AL DELUGACH, Times Staff Writer
Cannon Group will be blended into a collection of European tourism, banking, hotel and real estate interests under a proposed reorganization unveiled Tuesday. The conglomerate would include affiliates of Interpart S.A. of Luxembourg, which owns 40% of Cannon. Since last June, Interpart has made huge cash infusions in the battered Los Angeles movie producer and theater owner. The new entity is to be called Cannon-Melia Group.
BUSINESS
September 16, 1988 | DARRELL DAWSEY, Times Staff Writer
Saying it's been rough going in the bicycle business this year, the nation's leading bike maker announced Thursday that it will sell its money-losing Raleigh subsidiary to a Luxembourg firm. The announcement Thursday came from Huffy Corp. of Dayton, Ohio, which produces roughly 60% of the bicycles made in the United States. It said it would sell Raleigh Cycle Co. of America to Derby International Corp. S.A. of Luxembourg for an undisclosed amount.
BUSINESS
December 9, 1987 | AL DELUGACH, Times Staff Writer
Cannon Group will be blended into a collection of European tourism, banking, hotel and real estate interests under a proposed reorganization unveiled Tuesday. The conglomerate would include affiliates of Interpart S.A. of Luxembourg, which owns 40% of Cannon. Since last June, Interpart has made huge cash infusions in the battered Los Angeles movie producer and theater owner. The new entity is to be called Cannon-Melia Group.
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