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Businesswire - Latest News [Page 231]
While you were sleeping: US, Europe stocks rally
Monday, 11 May 2009, 8:22 am | Businesswire
May 11 – Stocks rallied in the U.S. and Europe on Friday amid relief the results of the U.S. bank stress tests didn’t flag greater capital requirements and after figures showed the world’s biggest economy shed fewer-than-expected jobs. More >>
MARKET CLOSE: NZX 50 climbs; Warehouse, KIP gain
Friday, 8 May 2009, 6:52 pm | Businesswire
May 8 – New Zealand shares rose, with the NZX 50 Index edging up to a six-month high, after Warehouse Group said profit won’t fall this year and Pike River Coal jumped. More >>
MARKET CLOSE: NZX 50 climbs; Warehouse, KIP gain
Friday, 8 May 2009, 6:52 pm | Businesswire
May 8 – New Zealand shares rose, with the NZX 50 Index edging up to a six-month high, after Warehouse Group said profit won’t fall this year and Pike River Coal jumped. More >>
NSX board recommends NZX Ltd. can buy 50.1% stake
Friday, 8 May 2009, 2:36 pm | Businesswire
May 8 – The board of NSX Ltd., an Australian stock exchange for small and medium-sized companies, has recommended to shareholders that NZX Ltd. be allowed to buy 50.1% of the company. More >>
Stress tests show 10 U.S. banks need more capital
Friday, 8 May 2009, 1:55 pm | Businesswire
Stress test results show 10 U.S. banks require a total US$75 bln of capital More >>
Thodey named CEO, chairman goes in Telstra shuffle
Friday, 8 May 2009, 1:04 pm | Businesswire
May 8 – David Thodey has been appointed the new chief executive of Telstra Corp., with Australia’s largest phone company opting for an internal replacement for Sol Trujillo, whose term was characterized by clashes with the government over reforms. More >>
Telecom lifts Q3 net; outlook muted; stock falls
Friday, 8 May 2009, 11:18 am | Businesswire
May 8 – Telecom Corp., New Zealand’s largest telecommunications company, posted a 14% gain in third-quarter profit on increased Southern Cross Cable dividends and a smaller tax bill. The shares fell as Telecom reiterated its forecast for weaker ... More >>
NZ dollar slips from 5-mth high as Wall St slides
Friday, 8 May 2009, 11:00 am | Businesswire
May 8 – The New Zealand dollar pared its gain from a five-month high after stocks on Wall Street slid on tepid demand at agovernment bond auction and concern General Motors could be facing bankruptcy. More >>
Warehouse 3Q sales fall 2.9%, outlook flat
Friday, 8 May 2009, 10:38 am | Businesswire
May 8 – Warehouse Group, which operates 85 Red Shed department stores and 46 Warehouse Stationery stores, posted a 2.8% decline in third-quarter sales, reflecting the decision to exit fresh and frozen foods and liquor. More >>
Stocks to watch: Telecom guidance, AMP Office
Friday, 8 May 2009, 9:26 am | Businesswire
May 8 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
While you were sleeping: US Treasuries drop
Friday, 8 May 2009, 8:42 am | Businesswire
May 8 – U.S. Treasuries fell as the government was forced to offer higher-than-expected yields in the sale to US$14 billion of the debt, raising the prospects of higher borrowing costs as the Obama administration advances a record US$3.55 trillion budget. More >>
AMP NZ Office to raise NZ$201M via rights issue
Thursday, 7 May 2009, 9:24 pm | Businesswire
May 7 – AMP NZ Office Trust plans to raise NZ$201 million through a rights issue and is in talks to repay a NZ$242.5 million bank facility to reduce gearing and strengthen its balance sheet. More >>
MARKET CLOSE: NZ shares gain on economic optimism
Thursday, 7 May 2009, 6:14 pm | Businesswire
May 7 – New Zealand shares extended their gains, with the NZX 50 Index adding NZ$2.5 billion to its market capitalisation in the past two weeks, as investors latch on to signs the global slump may be abating. More >>
Lion Nathan halts stock over Kirin confidentiality
Thursday, 7 May 2009, 4:57 pm | Businesswire
May 7 – Lion Nathan Ltd., Australian second-largest beer maker, has asked the Australian and New Zealand stock exchanges to halt trading in its shares on concerns that confidentiality around takeover talks with Japan’s Kirin Holdings Co. had ... More >>
Unemployment hits 6-year high, NZ dollar jumps
Thursday, 7 May 2009, 2:58 pm | Businesswire
By Paul McBeth May 7 – Unemployment hit a six-year high as the global economic downturn begins to seep into New Zealand’s employment market, but the currency jumped as the number of jobless fell below market expectations. More >>
F&P Appliances points to Whirlpool as stock surges
Thursday, 7 May 2009, 12:04 pm | Businesswire
May 7 – Fisher & Paykel Appliances Holdings Ltd., New Zealand’s largest whiteware manufacturer, pointed to a pick-up in sentiment and gains in the shares of Whirlpool Corp. to account for a 31% rebound in its stock. More >>
NZ dollar gains as `green shoots’ encourage risk
Thursday, 7 May 2009, 10:03 am | Businesswire
By Paul McBeth May 7 – The New Zealand dollar gained as signs of a brighter economic outlook stoked investor appetite for high-yielding, or riskier, assets, ahead of data today that will probably show unemployment rose to a six-year high. More >>
Stocks to watch: Telecom settlement, oil’s surge
Thursday, 7 May 2009, 10:01 am | Businesswire
May 7 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. More >>
Vodafone ends injunction, Telecom agrees to filter
Thursday, 7 May 2009, 9:40 am | Businesswire
May 7 – Vodafone Group, the world’s biggest mobile phone company, dropped its High Court injunction after rival Telecom Corp. agreed to increase filtering on its new network to prevent interference. More >>
While you were sleeping: 10 US banks need capital
Thursday, 7 May 2009, 8:29 am | Businesswire
May 7 – Bank of America, Wells Fargo, GMAC and Citigroup are among 10 of the largest 19 banks in the U.S. deemed to need more capital as a result of the federal government’s stress tests. More >>
