Diamond in the rough: can Canary Wharf pay its own way?

Article Abstract:

The Reichmann family spent $3.9 billion on the Canary Wharf office center in London, but needs an additional $850 million to finish it. The Olympia & York Developments Ltd project was hurt by a decline in London office rents. The complex is generating less revenue than it takes to service its debt.

United Kingdom, Foreign operations, Cover Story, Real estate development, Olympia and York Developments Ltd.

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Rocking the boat

Article Abstract:

Business leaders should be encouraged to publically express their opinions about national issues that will affect their companies. Bank of Montreal Chmn Matthew Barrett should be commended for spelling out the costs of Quebec's succession at the banks annual meeting on Jan 15, 1996.

Canada, Officials and employees, Political activity, Political aspects, Executives, Quebec, Bank of Montreal, State succession, Barrett, Matthew

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Toothless tigers

Article Abstract:

The investigation of fraud in the collapse of Osler Inc. shows that regulators cannot always keep pace with illegal activities in business. The Ontario Securities Commission's investigation of the securities broker is analyzed.

Securities dealers, Investigations, Securities fraud, Ontario. Securities Commission, Osler Inc.

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