These cases help to explain why the overseas subsidiaries of American companies manufacture and sell abroad more than $700 billion a year in products.

The companies have remained as consulting engineers through overseas subsidiaries.

The company expanded into the global market with the foundation of its first overseas subsidiaries in the 1980s.

The results of overseas subsidiaries are translated into sterling at average rates for the year.

In his 47 years with Mallory, he incorporated and led its overseas subsidiaries.

Lehman even needed its overseas subsidiary to make it work sometimes.

The group's overseas subsidiaries are better integrated than most of their rivals, analysts said.

Its first overseas subsidiary was established in the Netherlands in 1955.

Currently, the company has an overseas subsidiary based in South Africa.

"The overseas subsidiary has been brought to heel," one analyst remarked.