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BUSINESS
June 5, 1992 | From Times Staff and Wire Reports
McDonnell Reportedly Trying to Salvage Deal: Two McDonnell Douglas executives were reportedly in Taiwan to try to salvage a deal with Taiwan Aerospace Corp. Gareth Chang, McDonnell's vice president in charge of Asia/Pacific operations, and another executive were to meet with government and Taiwan Aerospace officials, the Economic Daily News reported. McDonnell Douglas had no comment, and Taiwan Aerospace officials couldn't be reached.
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BUSINESS
July 15, 1995 | JESUS SANCHEZ, TIMES STAFF WRITER
The Westin Bonaventure, the largest hotel in the Los Angeles area, announced Friday that it is being sold to Taiwanese investors for an undisclosed price. Hotel industry observers said the Downtown Los Angeles hotel, whose eye-catching cylindrical towers and huge atrium have made it a favorite backdrop for movie and television shows, sold for an estimated $50 million, a bargain price that symbolizes the steep decline in downtown property values.
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BUSINESS
April 28, 1992 | BRUCE EINHORN and RALPH VARTABEDIAN, SPECIAL TO THE TIMES
A long-anticipated Taiwanese government report endorses a proposed linkup with McDonnell Douglas to build commercial aircraft but suggests that private investors in Taiwan form a group to renegotiate the terms of the deal. The report--obtained by The Times in advance of its official presentation to Taiwan's legislature Wednesday--appears to presage additional lengthy delays in moving the deal forward. It is already four months past the original deadline for completion.
BUSINESS
July 17, 1993 | From Times Staff and Wire Reports
Huge Development Reported for Taiwan: JTL International Corp. said it will build a $740-million, 790-acre resort in Taitung, about 150 miles southeast of Taipei, according to Associated Press. The resort will include a theme park, an arts center, a golf course and at least one hotel and shopping mall, AP said. It said JTL is based in Los Angeles and quoted JTL President Daniel Yee as saying that the project will involve Taiwanese, Japanese and American investors.
BUSINESS
December 28, 1992 | From Times Staff and Wire Reports
Nation to Buy More U.S. Treasuries: Cash-rich Taiwan, one of the world's biggest foreign buyers of U.S. Treasury notes and bonds in 1992, expects to continue to add to holdings into early 1993, its top banker told Bloomberg Business News. Central Bank governor Samuel Shieh said in an interview that low interest rates on U.S.-dollar deposits have pressed the bank to move its U.S.-dollar holdings into higher-yielding Treasury notes and bonds.
BUSINESS
July 1, 1992 | From Reuters
Talks with McDonnell Douglas Corp. will be resumed in a bid to salvage Taiwan's troubled plan for a multibillion-dollar link-up with the U.S. airplane maker, the government said Tuesday. A new negotiating team, which includes officials of Taiwan Aerospace Corp. and leading local industrialists, hopes to restart the talks in early September, Vice Economics Minister Yang Shih-chien told reporters.
BUSINESS
March 16, 1992 | LESLIE HELM, TIMES STAFF WRITER
As hopes diminish that Taiwan Aerospace will be able to follow through on its original plans to buy a 40% share of McDonnell Douglas Corp. for $2 billion, the U.S. aircraft company has expressed confidence that it will find new Asian partners to cover any investment shortfall. But most Asian analysts and industry observers are skeptical that McDonnell will succeed in cobbling together an Asian coalition.
BUSINESS
May 15, 1992 | From Times Staff and Wire Reports
Taiwan Invites Firms to Meeting on McDonnell Bid: The government said it has invited about 70 companies to a meeting Monday in hopes of gaining their participation in a proposed investment stake in McDonnell Douglas' commercial aircraft business. The meeting, however, is unlikely to quickly clear up confusion about which Taiwanese companies will join government-backed Taiwan Aerospace Corp. in the deal, said Jack F. Tang, head of a government committee that is negotiating the deal.
BUSINESS
May 11, 1992 | From Times Staff and Wire Reports
McDonnell Investment Deal Due by End of Month, Paper Says: The Taiwan government's efforts to attract private-sector interest in a proposed investment deal between a local aerospace company and McDonnell Douglas will conclude by the end of this month, a local newspaper reported.
BUSINESS
March 28, 1990 | Michael Flagg, Times staff writer
New Offices: he Keith Cos., a Costa Mesa planning and engineering firm, opened its first office outside the United States in Taipei, Taiwan, and is looking at offices in Australia and Europe. Also, Burke Commercial Real Estate, an Orange County brokerage firm, just opened a Las Vegas office.
BUSINESS
March 22, 1993 | From Times Staff and Wire Reports
Fed OKs Bank Branch in L.A.: The U.S. Federal Reserve Board has approved an application by the Bank of Taiwan to establish a state-licensed branch in Los Angeles. The Bank of Taiwan's branch will be its second office in the United States. Separately, the Fed has approved an application by Chiao Tung Bank of Taipei, Taiwan, to establish a state-licensed agency in New York City. The Chiao Tung Bank already operates a state-licensed branch in San Jose.
BUSINESS
July 1, 1992 | From Reuters
Talks with McDonnell Douglas Corp. will be resumed in a bid to salvage Taiwan's troubled plan for a multibillion-dollar link-up with the U.S. airplane maker, the government said Tuesday. A new negotiating team, which includes officials of Taiwan Aerospace Corp. and leading local industrialists, hopes to restart the talks in early September, Vice Economics Minister Yang Shih-chien told reporters.
BUSINESS
June 5, 1992 | From Times Staff and Wire Reports
McDonnell Reportedly Trying to Salvage Deal: Two McDonnell Douglas executives were reportedly in Taiwan to try to salvage a deal with Taiwan Aerospace Corp. Gareth Chang, McDonnell's vice president in charge of Asia/Pacific operations, and another executive were to meet with government and Taiwan Aerospace officials, the Economic Daily News reported. McDonnell Douglas had no comment, and Taiwan Aerospace officials couldn't be reached.
BUSINESS
May 20, 1992 | RALPH VARTABEDIAN, TIMES STAFF WRITER
McDonnell Douglas appears caught in a "Catch-22" dilemma, in which its prospective Taiwanese partners have declined to finance the new MD-12 jetliner project, and international air carriers are reluctant to order the aircraft when McDonnell cannot afford its development, experts said Monday. "It makes the deal truly non-viable," said John Harbison, director of the aerospace practice at the consulting firm Booz Allen & Hamilton.
NEWS
May 19, 1992 | BRUCE EINHORN and RALPH VARTABEDIAN, SPECIAL TO THE TIMES
Taiwan Aerospace Corp. said Monday it is withdrawing--at least for now--a proposal to buy a major stake in McDonnell Douglas' commercial aircraft business, dealing a potential major blow to the U.S. company's future as a builder of passenger jets. Monday's action marked a sharp departure from the original plan unveiled last November, in which Taiwan Aerospace would pay McDonnell up to $2 billion for a 40% stake in its Long Beach-based commercial jet business.
BUSINESS
May 15, 1992 | From Times Staff and Wire Reports
Taiwan Invites Firms to Meeting on McDonnell Bid: The government said it has invited about 70 companies to a meeting Monday in hopes of gaining their participation in a proposed investment stake in McDonnell Douglas' commercial aircraft business. The meeting, however, is unlikely to quickly clear up confusion about which Taiwanese companies will join government-backed Taiwan Aerospace Corp. in the deal, said Jack F. Tang, head of a government committee that is negotiating the deal.
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