It was also considering a possible investment from an industrial company or technology concern with financial services subsidiaries.

The financial services subsidiary reported that Discover accounted for just under half of its 1989 earnings.

The company has also set up a new services subsidiary in Berlin, made up of managers from all its branches.

Her mother was the senior vice president for human resources at the financial services subsidiary of the Hartford, the insurance company, until June.

We'll charter a ship as we always intended; Opia's service subsidiary can do that for us.

The debt, which excludes borrowing by the company's financial services subsidiary, now stands at its lowest level in a year and a half.

It has 20 industrial and services subsidiaries, over 740 employees and 53 world patents.

The company does not, however, give details on the financial performance of any of its units except the financial services subsidiary.

Big banks will no longer be permitted to cross state lines by setting up "limited service" subsidiaries that take deposits but don't make loans.

Paul Lego, the previous chairman, was forced out a year ago as a result of disastrous losses in the now-disbanded financial services subsidiary.