http://www.nzherald.co.nz/ Latest Business headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Sat, 20 Mar 2010 12:00:01 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/business/news/headlines.cfm?c_id=3 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633140&ref=rss When Geneva Finance asked its 3000 investors for a six-month freeze on their money in October 2007 it became the first finance company to ask investors to accept a moratorium.What followed was an avalanche of other finance companies,... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:20 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633111&ref=rss Receivers have let go $550,000-a-year Strategic Finance chief executive Kerry Finnigan and departed from Princes Wharf offices.John Fisk, a PricewaterhouseCoopers partner now in charge with Colin McCloy, said Finnigan no longer... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:18 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633109&ref=rss Telecom is becoming "a worst-case scenario worldwide for the effect of government regulation on an incumbent telco", says an Australian analyst.Laurent Horrut of global bank and brokers J.P. Morgan queried this week when the regulatory... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:16 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633191&ref=rss He is supposed to be one of the country's richest men, but in a court battle with fellow directors and shareholders Bill Birnie has revealed he could be sunk by a $19 million lawsuit.Yesterday, Mr Birnie told the Herald : "I'm... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:13 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633098&ref=rss The demise of Strategic Finance demonstrates once again that investors have been badly let down by our securities laws, regulators, directors, management, the accounting profession and investment advisory industry.The failure... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:12 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633107&ref=rss The number of short term overseas visitors arriving in this country rose 4 per cent in February from a year earlier, helped by the timing of the Chinese New Year.The 267,900 short term visitors in February was up 11,300 from a... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:10 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633203&ref=rss Stephen Versalko knew deep down he would be caught and was relieved when his huge $17.8 million fraud was discovered.The admissions are found in a Corrections Department report released to the Weekend Herald which describes... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633201&ref=rss A Bay of Plenty honey company which sent a novice worker on a quad bike without a helmet has been fined $78,000 after the man's death.The man's family will get $60,000 of the fine.The 21-year-old Wellington man died in hospital... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633190&ref=rss Rumblings arising from the wholesale collapse of finance companies continue unabated. This week, it was Capital + Merchant and Strategic Finance dominating the headlines. In the case of the former, which has been in receivership... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633138&ref=rss Moratorium is an ugly word. It sounds more like the name of a heavy metal band than somewhere you'd want your hard earned savings to end up.Literally, it is not meant to have stench of doom about it. Its Latin root word is... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633133&ref=rss SYDNEY: The Australian economy is set to grow further in 2010, but household financial conditions are deteriorating to the extent that the nation could experience a "w" shaped economic recovery, a report shows.The Melbourne Institute... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633132&ref=rss SYDNEY: Energy Resources of Australia, the uranium producer controlled by Rio Tinto Group, said the global financial crisis created a slump in new mine development that may lead to improved prices for the nuclear fuel."The supply-demand... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633131&ref=rss MELBOURNE: - Telstra says there is a significant gap between it and NBN Co on the financial outcome of the proposed national broadband network (NBN).It said yesterday that recent media articles had speculated on the status of... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633106&ref=rss Number-crunching by the New Zealand Institute of Economic Research suggests a package of income tax cuts and a GST increase could be constructed to leave most households at least slightly better off, without resulting in a significant... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633093&ref=rss My wife and I bought an investment property because, although we both thought the tax relief laws for investors were ridiculous, we would be silly not to take advantage of them. The government is now talking about fixing the... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633091&ref=rss Life goes on even if there is the ghost of a recession affecting mortgage lenders' confidence. People still need to buy homes and refinance.Yet some borrowers are getting a shock when they can't get a loan for their next home,... newsfeeds@nzherald.co.nz Sat, 20 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633108&ref=rss Telecom shares sank to new a low on the New Zealand sharemarket today, while rises in Fletcher Building, Contact Energy and other leaders helped carry the market higher."Telecom is once again making all-time lows. Investors are... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 18:33:48 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633094&ref=rss The New Zealand dollar consolidated at higher levels today and over the week was the best performing in the world, according to BNZ.The NZ dollar was at US71.52c at 5pm, little changed from US71.48c at 8am and up US71.33c at 5pm... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 17:39:15 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633080&ref=rss Christchurch-based Jade Software today reported a $4.3 million fall in annual earnings before interest and tax to $800,000.Operating revenue fell 7.8 per cent to $46.2m in the year to December 31 from the previous year. Earnings... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 15:28:08 +1200 http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10633043&ref=rss The Securities Commission says it has laid criminal charges and issued civil proceedings against directors of the collapsed Capital+Merchant finance company. Directors Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland,... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 14:30:53 +1200