Word: basf
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...TIME has learned that both Helms and Biden cited reports that Wintershall, an oil subsidiary of the giant German chemical conglomerate BASF, is currently in talks with the Libyan government about properties of the Oasis Partners, a U.S. consortium involving Marathon, Conoco and Amerada Hess. The holdings, which could be worth hundreds of millions of dollars, have not been operated by the Americans since 1986, when President Ronald Reagan imposed an executive order banning U.S. firms from doing business in the country...
...sanctions under ILSA. German government sources in Washington confirmed the conversation, but pointed out that the European Union, of which Germany is the largest member, has no sanctions against Libya and does not recognize ILSA. They said it was likely the German government would inform Wintershall or its parent, BASF, of U.S. objections, but could do little more...
...make corporate fat cats even fatter. In Germany, where the culture places greater emphasis on making it to the top of a company than on lining your pockets once you get there, option giveaways still consume only about 5% of total corporate profits. At the German chemical company BASF, CEO Jurgen Strube collects about $300,000 worth of options a year. "In the U.S., you have CEOs who earn more than $100 million on their options," says BASF vice president Hans-Otto Brinkkotter. "We avoid that...
Nestled on Albany St. at the edge of the square, a set of red brick buildings marks the beginning of the new Cambridge, a cluster of high-tech firms with names like BASF Bioresearch, Transkaryotic Therapies, and Kurzweil. But next door to the MIT plasma fusion center, at 240 Albany St., lies a complex of two trailers that seems oddly misplaced in this new industrial mecca...
More and more German companies are trying to maintain their sales by building plants in foreign countries. BASF, which already produces chemicals in the U.S., is planning to expand its American facilities. Last month Volkswagen decided that the only way to compete effectively in the American market was to manufacture autos there. In all, German direct investment abroad last year totaled about $2.1 billion, up from $1.7 billion the year before. But the movement of industry-and jobs -out of Germany and into other countries is already stirring misgivings among powerful German labor unions. Though Germany's jobless rate...