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"We will soon have enough available liquid cash to meet all our needs through the end of 2014," IDB Holding Corp. Ltd. (TASE:IDBH) chairman Nochi Dankner told "Globes" today. He said that the sale of 50% of IDB subsidiary Clal Industries and Investments Full Article at Globes Online
Nochi Dankner and Yitzhak Tshuva are in advanced talks on a debt settlement for their planned Plaza casino and hotel project in Las Vegas. The syndicate that financed the purchase of the land for their grandiose project, which has never gotten off the gr Full Article at Globes Online
IDB Holding Corp. Ltd. (TASE:IDBH) unit Koor Industries Ltd. (TASE:KOR) posted a net profit of NIS 410 million (NIS 8.63 per share) for the first quarter of 2012, compared with NIS 255.1 million for the corresponding quarter of 2011. Most of the profit w Full Article at Globes Online
IDB Holding Corp. Ltd. (TASE:IDBH) securities have fallen to a new low, reminding investors that no conglomerate is immune to risk, especially not a leveraged holding company, even if its portfolio contains ostensibly high quality assets. IDB bonds, on w Full Article at Globes Online
JERUSALEM – Israel's Koor Industries Ltd. (KOR.TV) said Monday that it will record a gain of 490 million shekels ($131 million) to its net profit for the first quarter due to the rise in value of Credit Suisse Group AG (CS) shares, which it has been buyi Full Article at FOX Business
Koor Industries Ltd. (TASE:KOR) will report a profit of NIS 490 million for the first quarter of 2012, because of the rise in value of Credit Suisse Group AG (NYSE: CS; SWX: CSGN; XETRA: CSGZ) shares. Full Article at Globes Online
Justice Minister Yaakov Neeman delivered a stinging blow to the IDB group's ability to distribute dividends when, just before the holiday weekend, he signed into force new regulations blocking the group's "creative" use of accounting rules. The move effe Full Article at Haaretz
Discount Investment Corp. (DISI) fell to the lowest level in more than three weeks as the holding company plans to invest 800 million shekels ($214 million) in cash and the rest in shares for full ownership of Koor Industries Ltd. Israeli billionaire Noc Full Article at Bloomberg.com
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