Israel Corp loss deepens on weak shipping unit


JERUSALEM, May 30 (Reuters) - Israel Corp, one of Israel's largest holding companies, reported a wider quarterly net loss on Wednesday as poor results at shipping unit Zim continued to weigh on its bottom line. Israel Corp posted a first-quarter net loss of $82 million compared with a $57 million loss a year earlier. Zim lost $163 million after losing $111 million in the first three months of 2011, as the company has been hit by tough conditions in the global market and rising ...

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