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AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 1, 2002.
SYDNEY, May 1 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN
- Surgeons cancel operations for private patients, calling for parliament to convene to pass insurance protection
- Federal Budget could edge towards $A1 billion ($US536.8 million) surplus, but doubts surround future surpluses
- Mabo family frozen out of celebration of landmark native title case named after Eddie Mabo
- New republican model with directly-elected head of state put to Prime Minister John Howard and state premiers
- Mitsubishi celebrates $1 billion investment lifeline as car industry melts down because of crippling strike action
- HEAD OF AUSTRALIA'S FAI INSURANCE SELLS HIH STAKE.
- News wire article from: AsiaPulse News December 28, 2000 700+ words
SYDNEY, Dec 28 Asia Pulse- Former FAI Insurance Ltd chief executive Rodney Adler sold all his remaining shares in HIH Insurance Ltd last Thursday, amid signs he may be about...
- Buffett backs Berkshire involvement in FAI deal.(Warren Buffett)(FAI...
- News wire article from: Australasian Business Intelligence Aylmer, Sean May 2, 2005 700+ words
...Financial Review - ABIX via COMTEX) US billionaire investor Warren Buffett says he was aware of a contract struck between FAI Insurance and National Indemnity. The HIH Royal Commission in Australia had probed the 1998 deal and found that it was not a real...
- Justice orders acquittal of FAI execs; Allegations of 'sham' deal tied to HIH...
- Magazine article from: Business Insurance Fry, Elizabeth November 21, 2005 700+ words
...FRY Sydney, Australia-A New South Wales Supreme Court jury was directed last Monday to acquit three former executives of FAI Insurance Ltd. accused of covering up a potential reserving shortfall by arranging a reinsurance deal with General Cologne Reinsurance...
- AUSTRALIAN NEWSPAPER HIGHLIGHTS - MAY 2, 2002.
- News wire article from: AsiaPulse News May 2, 2002 700+ words
...to Myer Grace Bros division - HIH Royal Commission hears FAI insurance board told by banker Malcolm Turnbull not to get independent...quilt found with the bodies of Armadale couple Paul King and Margaret Wales-King could reveal who murdered them - A police hunt for...
- Goldman Sachs saw FAI writing very clearly on the wall.
- News wire article from: Australasian Business Intelligence May 13, 2002 700+ words
...after the HIH Insurance takeover of FAI Insurance contributed to its demise. In October 1998, FAI Insurance adviser, Goldman Sachs prepared a...presentation and delivered it to the FAI Insurance board. It was clear that FAI Insurance...
- Adler denies sale of firm to HIH was tainted.
- News wire article from: Australasian Business Intelligence June 7, 2002 700+ words
...responsibilities as directors. Adler's FAI Insurance group purchased HIH Insurance...instruct senior executives at FAI Insurance to keep information from the...Adler also maintained that FAI Insurance was never insolvent. Publication...
- FAI reputation behind secret deals.
- News wire article from: Australasian Business Intelligence February 10, 2002 700+ words
...A reinsurance contract between FAI Insurance and GeneralCologne Re Australia was...Royal Commission on 8 February that FAI Insurance wanted to be secretive about its reserves...Royal Commission, concerning damage to FAI Insurance's reputation on the sharemarket if...
- HIH chief blames auditor.
- News wire article from: Australasian Business Intelligence August 13, 2002 700+ words
...convinced him to pay $A300m for FAI Insurance. Williams has told the Australian...Dominic Fodera. Williams said an FAI Insurance partner had told Fodera that...were no irregularities regarding FAI Insurance's financial position, and...