Word: mitsubishis
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...while Sony's disaster drew the harshest verdicts, other Japanese giants have been proving recently that their American investments have suffered from bad oversight, bad calls and bad timing. Last week Mitsubishi, which has an 80% stake in the Rockefeller Group, owner of New York's Rockefeller Center, threatened to default on its $1.3 billion mortgage, taken out five years ago when borrowing was easy. Matsushita, meanwhile, is locked in a struggle with the American executives who run MCA -- the film studio it bought for $6.1 billion in 1990 -- over the Americans' demand for more authority and investment capital. Last...
Across the continent, meanwhile, Mitsubishi is struggling to survive the New York City real estate bust, which saw commercial-vacancy rates rise from 8% to nearly 14% over the past five years. To reduce its interest expense, the Japanese company hopes to renegotiate the $1.3 billion mortgage it acquired in 1989. (That was the heady period when another Japanese firm, the Minoru Isutani Group, acquired California's famous Pebble Beach golf course for $840 million, which it sold at a 40% loss two years ago.) Mitsubishi threatened to default on its loan last week, which some analysts...
...part of the communist orbit but kept their oil industries under tight national control are also opening their arms to the capital, technology and management skills that international oil firms offer. Venezuela's state-owned oil industry took in foreign partners last year, entering joint ventures with Conoco, Mitsubishi and Shell. Foreign firms have flocked into Colombia to develop the Cusiana and Cupiagua fields, which together constitute the largest find in the western hemisphere since wildcatters struck oil in 1967 in Alaska's Prudhoe...
...reference to questions raised by Packwood during a November 1989 finance subcommittee probe into trade barriers erected by Japanese companies. A transcript of the hearing, which the Oregonian says is now under review by the Senate legal counsel, shows that Packwood's questions had the effect of defending Mitsubishi Electric against an attack by a U.S. competitor, Fusion Systems Corp...
...time, former Packwood staff member Steven Saunders was a registered foreign agent for Mitsubishi. Saunders was one of four friends who offered Packwood's ex-wife Georgie a job after the couple separated in January 1990. It is now believed that both the Senate and Justice inquiries seek to determine if the move was designed to spare Packwood large alimony payments by giving Georgie employment...