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Fear of new U.S. barriers against imports has prompted some foreigners to buy their own share of American business. "Sooner or later we would have run into protectionist action," says Masao Sawano, general affairs director of Japan's Toyo Bearing Manufacturing Co. Ltd., which recently opened a $1,000,000 ball-bearing plant in Chicago. But the major attraction is the size and vigorous expansion of the U.S. economy. And now that the dollar has been devalued twice since late 1971, foreigners can build new U.S. factories more cheaply than before...
...abundant supply of skilled labor-which is increasingly scarce at home-and an inflation rate that is low by current European standards. Farb-werke Hoechst AG, a West German chemical company, will spend $30 million this year to expand two existing American plants. Britain's Cadbury Schweppes Ltd. broke ground last month on a $10 million chocolate factory in Hazleton...
...name Rolls-Royce has been synonymous with elegance on wheels for nearly three-quarters of a century. All the more embarrassment, then, when Rolls-Royce Motors Ltd. was unceremoniously put on the auction block last week by a British bankruptcy receiver to help pay off old debts...
...women than men." These remarkable statements were included in a Tokyo high-court decision upholding an earlier compulsory retirement age for women than for men. The case in question began four years ago when Miyo Nakamoto was discharged from her job as a draftswoman by the Nissan Motor Company Ltd. when she became 50, the firm's mandatory retirement age for women. Mrs. Nakamoto sued to stay on until 55, the age at which male employees must leave. At the loss of her suit, Mrs. Nakamoto called the decision "preposterous." Two female news commentators rallied to her support...
...accept female members. President Albert Gordon promised women a "gracious" welcome, but Member Jonathan Morse gloomily predicted the demise of the club "and all the traditions it represents." 4) For decades, the only women working in British Columbia logging camps have been cooks. Now Rayonier Canada Ltd. has hired six female loggers-not to appease feminists but to solve a manpower shortage and to cut down the high turnover among lonely male loggers...