Word: ag
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...companies hold about $5 billion in unpaid Iraqi bills, German banks about $2 billion. The embargo also leaves 40 German companies stuck with $2 billion in debt on business deals that have been partly completed but not paid for. Some of those losses will be covered by Hermes Kreditversicherung AG, the German state export-insurance program, but as much as $1.2 billion in trade with Iraq and Kuwait is not insured. Large diversified conglomerates like Daimler-Benz, Mannesmann and Ferrostaal can absorb such shortfalls, but smaller firms with proportionately larger exposure are talking about hardship and calling for a government...
...replacements to Mockler or Phillips were named. Robert J. Murray, 49, who has been chair of the board of management at Braun AG, a Gillette subsidiary, will replace Symons on January...
...foes of abortion have managed to keep the French-made drug out of the country. But last week a delegation of American feminists and scientists met in Paris with executives of Roussel Uclaf, the French company that manufactures the drug, and in Frankfurt with officials * from Hoechst AG, Roussel's parent company. The Americans presented a petition signed by 115,000 people urging the distribution of RU 486 in the U.S. American support for the drug has also been growing rapidly among physicians. In June the American Medical Association passed a resolution supporting the "legal availability...
...donation, announced during Commencement, was made by the Thyssen AG corporation through its wholly-owned American subsidiary, the Budd Company. Marjorie S. Lucker, assistant dean and registrar of the Kennedy School, said the grant marks the first large contribution in a major fundraising drive to establish an endowment for the McCloy Scholars Program...
...Morris, the food-and-tobacco giant. Although it acquired General Foods in 1985 and Kraft in 1988, the company (1989 revenues: $44.8 billion) was still on the lookout for new morsels. Last week Philip Morris said it agreed to spend $3.8 billion to gobble up Zurich-based Jacobs Suchard AG, the world's third largest producer of coffee and confections. Among Suchard's best-known brands: Tobler chocolate...