Bloodied, but not beaten

Article Abstract:

The explosion of a 100b IRA bomb on the day following the UK's 1992 General Election caused massive destruction to many businesses in London's financial center. The bomb exploded in St Mary Axe, severely damaging nearby buildings, including the Baltic Exchange and the Chamber of Shipping, and shattering glass windows in buildings as far away as 1,000 feet. One of the most badly affected business was Commercial Union Insurance Cos whose entire 27-storey headquarters was left in shambles. Fortunately, the company had disaster plans which helped it cope with the catastrophe. Although it would take a while to rebuild the devastated structures, many businesses were able to go back to business shortly after the blast, largely because of the atmosphere of camaraderie that prevailed. Unaffected companies were quick to offer space, advice, equipment and services to those suffered from the biggest explosion ever to hit London in peacetime.

Political activity, Cover Story, London, England, Commercial buildings, Irish Republican Army, Bombings

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A natural source of cash

Article Abstract:

Noranda Inc. in Toronto, Canada, is one of the largest natural resource companies in the world. It started as a mine established by gold prospector Ed Horne in the 1920s and has since grown into a highly diversified, $13 billion operation. It is involved in the businesses of mining and metals (62%), forest products (22%) and oil and gas (16%). Noranda continues to generate huge earnings despite the many difficulties it encounters, such as its lack of influence over market prices and the volatility of its products/ The company manages to avoid the adverse effects of these shocks with the help of its cash reserves. Its success can also be attributed to its knack for discovering new deposits. The future plans of the predominantly North American company include international expansion.

Natural Gas, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum, Mining & Extractive Industries, Mining, LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Mining industry, Petroleum industry, Petroleum, Forest products industry, Company Profile, Noranda

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From devastation to survival

Article Abstract:

Companies must extensively test their disaster recovery plans to ensure that they are viable. Mercantile Credit experienced a fire that devastated its accounting department. Chief Accountant Bill Fairclough states that the accounting department was able to recover due to its disaster plan and the generous support of its home office, but Fairclough learned important lessons from the experience. Fairclough believes that companies should adopt a clear desk policy in which information is stored daily, and should reexamine the feasibility of having open office architecture.

Disaster recovery (Computers), Fairclough, Bill, Mercantile Credit Co.

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