As a humbled Lev Leviev scrambles to reach a debt arrangement with his Africa Israel Investments' creditors, analysts scurried Sunday to downgrade the company's stock.
by Sharon Shpurer, Ora Coren and Yael Halak, Irit Rosenberg 0 commentsLev Leviev
Restoring the glory may take some doing, after Africa Israel reported losing NIS 1.1 billion in the second quarter of 2009.
by Yael Halak 0 commentsAfrica Israel stock fell 25.5%. Yields on its bonds skyrocketed, rising as high as 243%, which is past junk territory and all the way into trash compaction.
by TheMarker 0 commentsAfrica Israel Investments loses more in fourth quarter of 2008 than in previous three quarters combined.
by Yael Pollak 0 commentsLev Leviev, the man who had built himself an image of professionalism and moderation, has been suddenly exposed as an exhibitionist with dubious judgment.
Haaretz Editorial 0 commentsShelly Yachimovich must be happy. The financial crisis made her dream come true. The wealthy people she despises so much have been hit hard.
by Nehemia Shtrasler 0 commentsIt is not those who seek tax shelters with whom Dr. Uzi Arad takes issue, but those who lack physical shelters in which to take refuge from barrages of rockets and missiles.
by Lily Galili 0 commentsAfter most of the old movie houses in Tel Aviv and other cities - with their special character and style - have closed down, replaced by cinema complexes, the trend now is to get the movie theaters out of the malls.
Haaretz Editorial 0 comments