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...cited numerous examples of alleged deception of public shareholders. It noted that United Canso Oil & Gas Ltd., which was controlled by the Buckley family, in 1971 acquired a 20% interest in a license to explore for oil and gas in the British North Sea. The Canso board sold its share in 1975 for $50 million plus $7 million in previous expenses. Canso's board then appointed two of its directors to make an "independent" study of what Canso owed Catawba in royalties on the oil It would have produced if It had not sold its rights. The two directors...
...marketing CAD/CAM equipment have names like Applicon, Calma and Computervision, and are among the hottest of the hot new high-tech darlings of Wall Street. Applicon, a leader in the field, with fiscal 1980 sales of $75 million, is being taken over by New York City-based Schlumberger Ltd., the big oilfield services firm, which is anxious to establish a strong foothold in the field...
Last month the bureau awarded a $225,000 feasibility study of the task to the venerable Bristol manufacturing firm of Masson Scott Thrissell Engineering Ltd. If a design can be perfected, the bureau hopes to begin phasing in as many as seven of the new presses, at a cost of $3 million each, as soon as 1983. That could add $21 million to the deficit side of the U.S. balance of payments, stimulate inflation-and, well, boost America's need for British presses...
...Stanford Board of Trustees a few weeks ago agreed to appoint G.T. Management Ltd. as its international investment manager, and allotted $50 million to them to invest, the Stanford Daily reported...
Although Epton, Mullin, Segal, and Druth, LtD., the Chicago-based law firm representing substandard, no one contends that his restaurants are models of cleanliness. In fact, Dayan's lawyers hoped to base their case on what they felt was selective enforcement of QSC standards by McDonald's. The crux of this argument was not that Dayan's operations were acceptable, but that they were no worse than many other McDonald's throughout the world...