Frank Lowy News
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Westfield Retail Trust, Australia’s second-biggest property trust, headed for its biggest loss in a year after the family of Westfield Group founder Frank Lowy sold its stake at a discount yesterday.
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Australia’s richest man Frank Lowy will step down as executive chairman of Westfield Group and hand day to day control of the company he founded in 1959 to his sons.
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Australia’s richest man, Frank Lowy , is lobbying to convince soccer’s governing body that his adopted homeland deserves the 2022 World Cup, and says he thinks the bid will regain a vote when a suspended voter is replaced.
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Peter and Steven Lowy today took control of Westfield Group as their father Frank stepped back from the company he founded in 1959.
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Superyachts equipped with helipads and submarines have joined Britain’s biggest warship, more than a dozen tall ships and cruise liners on the Thames River for the Olympic Games.
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A new wave of experimental vaccines is the medical community’s latest hope against a powerful staph infection that kills more people in the U.S. than skin cancer and costs as much as $8 billion a year to treat.
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Football Federation Australia revoked the A-League soccer license held by Gold Coast United’s billionaire owner Clive Palmer, who said he intends to take legal action against the decision.
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Football Federation Australia said Fox Sports, Foxtel and SBS will pay A$160 million ($166 million) for broadcast rights to A-League and Socceroos international soccer matches over four years.
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Westfield Group Chairman Frank Lowy sits atop Australia’s rich list for the first time with a personal fortune estimated at A$5.04 billion ($4.14 billion), according to the annual ranking of the nation’s wealthiest people by BRW magazine.
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Bond investors are penalizing Westfield Group for its first new market forays in 11 years.
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