Powell, NatWest settle power-project dispute
Article Abstract:
Powell Industries Inc. announced that it has reached an agreement to make a payment of $8 million to National Westminster Bank PLC (NatWest) as part of the settlement of a power project case. Powell is a manufacturer and designer of electrical energy equipment. The company said that it would pay $7 million once an agreement with NatWest is concluded on Spetember 10, 1998. The leftover $1 million will be paid by December 31, 1998, and with 3% yearly interest.
Comment:
Powell to make a payment of $8 million to NatWest as part of the settlement of a power project case
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Battle Over Rural U.S. Tests Bush Land Policy
Article Abstract:
The U.S. Forest Service wanted to permanently close the South Canyon Road in Nevada after it was washed out by a flood in 1995. Officials of Elko County objected and wanted it rebuilt claiming it belonged to the county even if it lay in the middle of the Humboldt-Toyabe National Forest.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
Rite Aid reaches pact to settle suits
Article Abstract:
Rite Aid Corp. has reached an agreement to pay $45 million (52.2 million euros) to settle class-action suits that have been filed against it. The suits are linked to Rite Aid's admission that it overstating profits for two years by as much as $1 billion.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The realisation of a key investment project starts at the refinery in Kralupy. ERP project at Hame Babice
- Abstracts: Children's categorisation of foods. Advertising effectiveness research: a survey of agencies, clients and conflicts
- Abstracts: Help for sneaky sleep demons. Relax! Those annoying habits can be good for them. Bring out the angel in them
- Abstracts: Break through his angry silence. What keeps a relationship strong? Get closer this holiday season