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3 Sep 2010

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While you were sleeping: Outlook a bit brighter
Stocks in Europe and on Wall Street held their ground as an unexpected gain in pending home sales, a decline in claims for jobless benefits and better-than-expected retail sales eased concerns about US economic outlook

Stocks to watch: Burger Fuel, Fisher & Paykel, Nuplex
Burger Fuel has announced it has no borrowings and cash in the bank, but still lacks the ability to grow, Fisher & Paykel has a new stakeholder, while Nuplex is forecast to face tough trading conditions in the year ahead

Pfizer commercialises AgResearch technology
The world's largest research based pharmaceutical company has commercialised a genetic tool which will allow sheep farmers to predict the performance of their flocks in four key areas.

Man dies in house fire
A man has died in a house fire near Wairoa, despite desperate attempts to save him.

Tall Blacks take France
The New Zealand Tall Blacks will take a three-game winning streak into the knockout phase of the FIBA World Championship after an impressive 82-70 win over France in Izmir this morning.

RBS announces major job cuts
Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.

VB serves up mateship with a twist
When men cry to a Neil Diamond track in a beer ad, you know there has been a seismic shift in society.

Kiwis hunting for insurance and bank bargains
Feeling slighted for unrequited loyalty to their main bank or insurer, most Kiwis shop actively for better deals from competing providers, according to a new survey from Ernst & Young.

Paste magazine to go online only
Revered US music magazine Paste is to cease as a publication after struggling financially for the past year.

Kiwi holds gains as US data buoys risk appetite
The New Zealand dollar held on to yesterday’s gains as solid US data helped keep investors upbeat ahead of today’s American employment data

Lincoln seed researcher wins award
A Lincoln University scientist has won an achievement award for his work in seed research and development.

Wool prices strengthen
Wool prices continue to improve, despite a strengthening in the value of the New Zealand dollar.

Why The X Factor hits the spot
For the most part, I steer well clear of reality TV. I have to be honest though: it's hard not to get sucked in to the last handful of episodes of a show like American Idol. By the time it gets down to the last few contestants, you see some real talent who try to bring it every week and win over viewers with interesting and powerful performances.

Chilean miner's wife meets mistress
One of the trapped Chilean miners is going to have some explaining to do after his wife ran into his mistress at the mine's entrance.

Wall St continues winning streak
US stocks rose on Thursday, extending their gains from the day before, after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.

Fonterra works on trading platform
Dairy giant Fonterra has appointed First NZ Capital-Credit Suisse and Deutsche Bank-Craigs Investment Partners to advise on its plan to create a farmer share trading market and provide for indirect public investment in the co-operative.