HIH jinks

Article Abstract:

Investigation into the March 2001 collapse of Australian insurance company HIH Insurance reveals that the apparently stable and successful company had been in trouble for years. Both analysts and regulators appeared to ignore warning signs of the company's financial situation up until share prices began to drop in 2000.

Australia, Insurance industry, Business failures, HIH Insurance Ltd.

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Winner takes mall

Article Abstract:

Frank Lowy, chairman of shopping mall management firm Westfield Holdings, is continuing in his quest for global domination. Lowy's company is worth 18 billion Australian dollars in 2001, but he experienced trouble in the Netherlands when he tried to take over Rodamco North America.

Management, Mergers, acquisitions and divestments, Behavior, Shopping centers, Westfield Holdings Ltd., Lowy, Frank

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Ground war

Article Abstract:

Issues are presented concerning the dissatisfaction which has been expressed by investors who have invested in the Colonial Stadium in Melbourne. The 420-million Australian dollar stadium has come close to bankruptcy.

Economic aspects, Investments, Design and construction, Stadiums, Sports facilities

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