Word: firm
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Dates: during 1980-1989
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...Wall Street some traders noted with satisfaction that the rival Chicago markets, which many New York investors blamed for aggravating the stock-market crash of '87, were getting a dose of the scrutiny that the stock markets have long endured. Said the president of a Big Board firm: "There is some quiet delight that the Chicago boys are finally getting their comeuppance...
...Portland, Ore., is expected to approve the sale of 49% of its physical plant to Amvic International, a Japanese company that operates English-language schools in Japan. The $6 million price tag includes an agreement to lease the facilities to the college for 30 years and to make the firm's president a regent of the school. The transaction benefits both parties: Amvic's direct link with the U.S. college gives it a valuable marketing tool back home, and Warner Pacific is relieved of its crippling debt...
...Tripoli, Chancellor Helmut Kohl last week admitted that Washington might, after all, know what it was talking about. He changed his mind, Kohl said, after the government examined "certain documents" that had been "seized in the past few days." As prosecutors opened a criminal investigation of the West German firm Imhausen-Chemie and the case produced its first arrest, the growing scandal profoundly embarrassed the West German government and underscored once again the difficulty of controlling the development of chemical weapons...
...important piece of evidence pointing to the participation of West German firms was obtained last August when U.S. intelligence intercepted telephone conversations between Libyan plant operators and officials of Imhausen-Chemie, which has its headquarters in the Black Forest town of Lahr. The calls reportedly took place after a toxic spill resulted from a bungled attempt by the Libyans to manufacture a test quantity of chemical-weapons material at the still uncompleted plant. In a frantic effort to get advice on cleaning up and repairing the plant, Libyan officials spoke at length with Imhausen-Chemie personnel. Those conversations left...
Bonn's denials also began to erode in the face of a series of embarrassing disclosures in the West German press. The most detailed appeared last Thursday in the weekly Stern, which traced the Libyan project to I.B.I. Engineering, a now defunct firm. I.B.I. had set up an office in Frankfurt through which the firm's chief, an exiled Iraqi arms merchant named Ihsan Barbouti, 64, orchestrated the involvement of Imhausen and as many as 30 other firms and individuals from West Germany, Switzerland and Austria. At least some of the equipment shipped to Libya was ostensibly purchased by I.B.I...