Word: settlements
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Dates: during 1980-1989
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...that is the essential point-whether one can negotiate better by making a series of unilateral moves, like giving up the MX, Bl, Strategic Defense Initiative [Star Wars], or whether one can negotiate better by continuing whatever programs are considered in the national interest until there is some equitable settlement...
Clarendon Ltd., the American subsidiary of Swiss-based Marc Rich & Co. AG, pleaded guilty to generating at least $50 million in illegal oil profits during 1980 and 1981 and then dodging taxes on the money by transferring the earnings overseas. Last week's settlement will allow the two companies to resume operating in the U.S. But criminal charges of tax evasion, fraud and racketeering still stand against Rich and his partner, Pincus ("Pinky") Green. The two, both 50, fled from New York City to their headquarters in Zug, Switzerland, in September 1983, only a few weeks before federal investigators...
Last week's settlement lifted the Government's yearlong freeze on Rich's U.S. assets. In return, the Swiss company paid back about $130 million that was owed to 14 U.S. and European banks. The agreement allowed another Rich firm to sell its 50% stake in TCP Holdings, the parent company of 20th Century-Fox. Rich, a secret partner with Denver Oilman Marvin Davis in the 1981 purchase of the film studio, sold his shares to Davis last week for a reported $116 million...
Meanwhile, representatives of the U.A.W. and Ford worked all week toward reaching a contract settlement for that company's U.S. workers, patterned after the GM pact. Though apparently near agreement, the negotiators adjourned the talks on Friday night so they could take care of other important business-rooting for the Detroit Tigers in the World Series...
...inability of a news organ to be sure that it has not been used was cited last week by the West German newsweekly Der Spiegel. The publication withdrew, for a no-cash settlement, a libel suit that it had brought in Britain against the defunct newsweekly Now. The London-based magazine had reprinted in 1981, a few months before it folded, a speech by its owner, Sir James Goldsmith, in which he accused the left-leaning Spiegel of having been manipulated by the KGB while researching a series of 1962 articles that challenged the integrity of Franz Josef Strauss, then...