Word: krupp
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Goldman was responsible for negotiating a gift in June 1974 of $12 million from the Alfred Krupp Foundation of Germany, the largest gift ever made to an American university by a German foundation...
...industrialized West, no single company today stands out as a symbol of arms production in the way that Germany's Krupp or Britain's Vickers once did. Major U.S. weapons makers also, for example, turn out such pacific products as farm machinery and hair dryers. A relatively small number of firms-not necessarily the same ones that rank as the Defense Department's principal suppliers-dominate America's arms sales overseas. Last year the Pentagon listed the U.S.'s top ten armaments exporters...
...loan is only one in a growing number of bold business ventures by the Shah. Last year Iran bought a 25% chunk of the steel-producing division of West Germany's Krupp concern for $100 million, and Iranian banks participated in a $200 million loan to the Grumman Corp. Last week the Shah also unveiled a grandiose $5 billion project for the modernizing of Tehran, his capital...
...Additionally, Iran this year has committed $7 billion worth of grants, loans and deposits against future purchases from a dozen countries, including Britain and France. For an estimated $100 million, the government recently bought 25.04% ownership of the steel-producing branch of West Germany's 162-year-old Krupp steel empire. In August the Shah endowed a million-dollar chair in petroleum engineering at the University of Southern California...
...Government, of course, could well refuse to let Grumman take a loan from the Shah (whose government recently bought a fourth of the shares of West Germany's giant Krupp combine at a cost of about $100 million). Democratic Representative Otis Pike and Republican Senator Jacob Javits of New York are pressing the State Department to approve. But it scarcely seems in the U.S.'s interest to let an important defense contractor become financially dependent on a foreign government. The Pentagon is urging Grumman to seek financing from U.S. banks instead. There also is a serious political question...