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

United States Foreign Investments Russia

FEATURED ARTICLES
BUSINESS
June 11, 1993 | GREG JOHNSON, TIMES STAFF WRITER
Moscow residents who ride the Russian city's subway were greeted Thursday by a flash of red, white and blue: a pushcart dispensing Taco Bell burritos, hot dogs, sausage and Pepsi-Cola. Pepsico Inc. and its Taco Bell subsidiary in Irvine are following the lead of McDonald's Inc., which introduced its popular line of fast food to Russians three years ago. "Early reports indicate that the pushcart was incredibly popular," said Zane Leshner, Taco Bell's senior vice president of operations.
ARTICLES BY DATE
NEWS
March 26, 2000 | TYLER MARSHALL, TIMES STAFF WRITER
An ambitious U.S. plan to link the huge oil fields of the Caspian Sea basin firmly to the West is in danger of unraveling because not enough oil has been discovered in the region to support a pipeline, independent analysts say. And a recent increase in oil prices isn't enough to rescue the project. A failure of the U.S. initiative could complicate shipments of oil and gas to the West from what many experts have said is one of the world's biggest undeveloped sources of crude oil.
Advertisement
NEWS
January 15, 1998 | CAROL WILLIAMS and BARBARA MARSH, TIMES STAFF WRITERS
Proclaiming Russia the most promising market for medicines on the planet, ICN Pharmaceuticals Inc.'s controversial chairman, Milan Panic, announced Wednesday he is moving his European headquarters and the focus of the Costa Mesa-based company's operations to Moscow.
NEWS
March 29, 1998 | CAROL J. WILLIAMS, TIMES STAFF WRITER
The story of an Arizona man's ill-fated Arctic fishing camp is one of dozens, if not hundreds, of Western investments in Russia gone wrong. It is a too-familiar tale of greedy local bureaucrats scuttling a booming business by muscling out the foreigner and grabbing his share. As in the case of Bill Davies' Kola Salmon Marketing sport-fishing venture, the strong-arm tactics also tend to scare away paying clients.
BUSINESS
June 30, 1995 | Times Staff and Wire Reports
Exxon to Sign Sakhalin Island Pact: The Irving, Tex.-based oil company said it will sign a production-sharing agreement laying out terms to invest $15.2 billion in the oil and natural gas fields off Russia's Sakhalin Island. The agreement is one of the largest hurdles the biggest U.S. oil company must pass to begin work on the project in frigid waters off the east coast of Russia near Japan. Exxon Corp. is awaiting approval of a bill working its way through the Russian legislature.
BUSINESS
March 25, 1994 | JAMES M. GOMEZ, TIMES STAFF WRITER
SPI Pharmaceuticals Inc. said Thursday it has begun the second phase of its two-step purchase of Russia's oldest drug firm. SPI's controlling interest in St. Petersburg-based Leningrad Industrial Chemical and Pharmaceutical Assn., known as Oktyabr, establishes the Costa Mesa drug company more securely in Eastern Europe. The cash and stock deal, estimated by analysts to be worth at least $43 million, also marks the first time that Russian citizens have owned a stake in a U.S. corporation.
BUSINESS
October 21, 1994
An Orange County company is alleging that Tandy Corp., the Houston-based parent company of the Radio Shack retail chain, misled it on a planned business venture in Russia. A lawsuit filed in Superior Court in Santa Ana on Tuesday by Technology Stores Inc. alleges that Tandy breached an agreement to let it open Radio Shack stores near St. Petersburg. Tandy has licensed several distributors to operate Radio Shack stores in Russia, but a Tandy spokesman on Thursday declined to comment on the suit.
BUSINESS
September 13, 1994 | From Times Staff and Wire Reports
Russia to Upgrade Antiquated Phone System: The first phase of the $40-billion project will be launched in early 1995. Three Western partners--US West of Englewood, Colo., Germany's Deutsche Telekom and France Telecom--are expected to sign a memorandum of intent on Oct. 10 in Moscow. The three agreed to invest $600 million in the first phase of the project.
BUSINESS
May 11, 1994 | James M. Gomez, Times staff writer
ICN's Big Market: When Soviet Premier Nikita Khrushchev came to sunny Southern California, he went to Disneyland. The latest Russian politician to step foot in Orange County, however, bypassed the theme park and headed to Costa Mesa instead. Vladimir Jakovlev, the vice mayor of St. Petersburg, spent his time at the world headquarters of ICN Pharmaceuticals Inc., the $1-billion drug firm founded by Milan Panic, the former prime minister of Yugoslavia. ICN recently purchased St.
BUSINESS
August 7, 1992 | CRISTINA LEE, TIMES STAFF WRITER
Almost every day, Mikhail Gura and his partner, Eugene Kalakoutski, go on a shopping spree. They buy cars by the dozen, cigarettes by the carload, vodka by the liter and ship the goods to their home base in Moscow. Even before the sedans or cigarettes reach their homeland, the products already are claimed by private Russian companies and that nation's new class of wealthy entrepreneurs.
NEWS
January 15, 1998 | CAROL WILLIAMS and BARBARA MARSH, TIMES STAFF WRITERS
Proclaiming Russia the most promising market for medicines on the planet, ICN Pharmaceuticals Inc.'s controversial chairman, Milan Panic, announced Wednesday he is moving his European headquarters and the focus of the Costa Mesa-based company's operations to Moscow.
BUSINESS
October 2, 1997
ICN Pharmaceuticals Inc. said it has acquired a 72% stake in a Russian drug company, Marbiopharm, bringing to four the number of manufacturing plants that the drug maker operates in Russia. Marbiopharm, about 600 miles east of Moscow, makes and distributes 74 products that generated sales of $27 million last year, ICN said. The Costa Mesa company said it is now the leading pharmaceutical producer in Russia, with its four plants generating sales of $55 million for the first six months.
NEWS
November 5, 1996 | CAROL J. WILLIAMS and GREG MILLER, TIMES STAFF WRITERS
The contract-style slaying here of a former Orange County entrepreneur has been condemned as a criminal act that will not go unpunished, but business people and diplomats privately expressed fears Monday that the chilling assassination of Paul E. Tatum will scare away already wary Western investors.
BUSINESS
October 4, 1996 | BARBARA MARSH, TIMES STAFF WRITER
ICN Pharmaceuticals Inc., amassing a wider Eastern European base to re-anchor its operations, said Thursday that it bought a majority stake in a Russian company. The Costa Mesa drug company said it bought 65% of Polypharm of Chelyabinsk--which is about 1,000 miles east of Moscow--and plans to increase its stake in the Russian firm over the next several months.
BUSINESS
June 30, 1995 | Times Staff and Wire Reports
Exxon to Sign Sakhalin Island Pact: The Irving, Tex.-based oil company said it will sign a production-sharing agreement laying out terms to invest $15.2 billion in the oil and natural gas fields off Russia's Sakhalin Island. The agreement is one of the largest hurdles the biggest U.S. oil company must pass to begin work on the project in frigid waters off the east coast of Russia near Japan. Exxon Corp. is awaiting approval of a bill working its way through the Russian legislature.
BUSINESS
April 12, 1995 | BETH KNOBEL and JOHN O'DELL, SPECIAL TO THE TIMES
All seemed well in the glow of perestroika as Irvine-based Americom Business Centers and Radisson Hotels International teamed up in 1989 to operate a posh hotel and business office complex in Moscow. Now the relationship resembles a battle scene from "War and Peace" as Americom's fiery president, Paul E. Tatum, fights both the Minneapolis hotel operator and the Russian partner in the joint venture.
NEWS
February 20, 1992 | MICHAEL PARKS, TIMES STAFF WRITER
Amid Russia's collapsing economy, U.S. Ambassador Robert S. Strauss has an idea on how to help reverse the trend and move away from seven decades of Soviet socialism--open a dozen grocery stores. "Not big American supermarkets with everything, but stores that sell milk and eggs and sausage and vegetables," Strauss said Wednesday. "You know, grocery stores. "People need food, they have money and they will buy. Get two, three, four entrepreneurs and help them open corner groceries.
Los Angeles Times Articles
|