Soviet Investment: Let's Make Lots of Deals

Let's Make Lots of Deals

As parts of the splintering Soviet Union lurched uncertainly toward free enterprise last week, some U.S. firms rushed to set up shop. After three years of negotiation, Kellogg said it will build a plant in newly independent Latvia to produce cornflakes and Frosted Flakes. Kellogg plans to market the brands in the Baltics and the Soviet Union. "Whatever form the Soviet Union takes, we believe the republics are headed in the right direction," a Kellogg spokesman said.

Other U.S. firms apparently agree. AT&T said that it will install a $6 million long-distance switch in the republic of Armenia next month and...

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