Move Follows Similar Curbs Put in Place by Other Large Firms Amid Pressure From U.S. Goverment
By Kris Maher and Jay Solomon
Source: The Wall Street Journal
March 10, 2010
Ingersoll-Rand PLC said it has prohibited its subsidiaries from selling products to customers in Iran.
The move by the industrial-parts maker is part of an accelerating trend among major Western [...]
Source: The New York Times
March 6, 2010
The New York Times identified 74 corporations that have done business both in Iran and with the United States government over the last decade, using corporate records filed with the Securities Exchange Commission, company Web sites, news accounts confirmed by interviews with company officials, and Congressional reports. Complete Explanation [...]
Source: Dow Jones/The Wall Street
March 3, 2010
CHICAGO — Ingersoll-Rand PLC (IR) is being targeted over its ties to Iran by a lobby group that has already helped push other industrial groups to sever their business interests in the country.
New York-based United Against Nuclear Iran has called on the diversified industrial company to stop servicing Iran’s [...]
Source: American Enterprise Institute (AEI)
February 19, 2010
German, UK insurance firms cease Iran-related business; Russia delays S-300 delivery; Malaysian gasoline shipments.
NEW BUSINESS PROJECTS IN IRAN
GERMANY
(Global Business in Iran country page, background on foreign relations with Iran)
(February 18, 2010) Munich Re, the world’s largest insurance company, will cease doing business with Iranian firms. The [...]
How Flynt Leverett and his wife, Hillary Mann Leverett, became leading advocates for doing business with Tehran
By Lee Smith
February 9, 2010
Source: Tablet Magazine
First in a two-part series on the dueling Iran lobbies in Washington.
Flynt Leverett is fielding questions from an audience at the New American Foundation for a panel titled “What the Iranian [...]
By JUDY DEMPSEY
February 2, 2010
Source: The New York Times
BERLIN — German companies, long Iran’s biggest trading partners in Europe, are finding it increasingly difficult to do business there as the United States, Israel and others campaign for tougher U.N. sanctions in response to the country’s nuclear program.
Yet even those companies that say they are pulling [...]
January 27, 2010
Source: Reuters
* Some sectors, such as gas, still interested in Iran
* Siemens says rejecting new orders from Iran
* Exports to Iran down but less sharply than other countries
By Michael Shields and Rene Wagner
FRANKFURT/BERLIN – Siemens’ (SIEGn.DE) decision to wind down business with Iran found few followers among German companies on Wednesday, despite mounting [...]
By Bill Varner
January 27, 2010
Source: Bloomberg
Huntsman Corp., the world’s biggest maker of epoxy adhesives, said its foreign subsidiaries will discontinue sales in Iran due to concern over the government’s handling of protests of last year’s presidential election.
“The small amount of business done there does not justify the reputational risk currently associated with doing business with [...]
By Bill Varner
January 27, 2010
Source: Bloomberg
Huntsman Corp., the world’s biggest maker of epoxy adhesives, said its foreign subsidiaries will discontinue sales in Iran due to concern over the government’s handling of protests of last year’s presidential election.
“The small amount of business done there does not justify the reputational risk currently associated with doing business with [...]
January 26, 2010
Source: Reuters
WASHINGTON – U.S. business groups warned the White House on Tuesday that congressional plans to expand U.S. sanctions on Iran threaten to significantly undermine U.S. economic and security interests.
“The proposed sanctions would incite economic, diplomatic, and legal conflicts with U.S. allies and could frustrate joint action against Iran,” the U.S. Chamber of [...]
