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24 May 2018

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Son shares mother's moving letter 'forgiving trumpet debt'
A letter writing off money owed on a child's trumpet has moved many on social media.

Stocks slip after weak economic data from Europe
NEW YORK (AP) — U.S. stocks are falling Wednesday morning after a weak finish the day before, and energy and industrial companies are taking some of the worst losses. Investors are concerned about the European economy after a measure...

Shares drop on Fonterra, A2 weakness
New Zealand shares dropped after Fonterra Cooperative Group cut its dividend forecast, weighing on the Fonterra Shareholders' Fund and A2 Milk Co. Steel & Tube Holdings plunged to a 17-year low after warning of a full-year loss.The...

Steel & Tube expects 2019 profit following downgrade, shares drop 21%
Steel & Tube Holdings says investors can expect a return to profitability in 2019, following a significant downgrade which has seen the stock shed up to a quarter of its value

Steel & Tube shares plunge 24% after company flags annual loss following restructuring
Steel & Tube Holdings expects to post a loss this financial year and breach its banking covenants after a restructuring that will see it exit its plastics business and write down the value of its assets

US stocks edge higher as technology companies, banks rise
NEW YORK (AP) — Technology companies and banks are rising Tuesday morning as U.S. stocks head higher for the second day in a row. Automakers are climbing after China said it will reduce auto import duties, another sign the two powers...

A2 Milk drops 3 per cent as sharemarket edges lower
New Zealand shares fell, led lower by continued selling in A2 Milk Co and Comvita, while Ryman Healthcare and Heartland Bank gained.The S&P/NZX50 Index dropped 2.4 points, or 0.03 per cent, to 8,613.32. Within the index, 24 stocks...

Target and Red Robin sink while Lowe's and Tiffany jump
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:Target Corp., down $4.30 to $71.17The retailer's profit dropped as it made big investments in its business.United Technologies Inc., down 29 cents to...

Asian shares fall amid worries over US-China trade, Koreas
TOKYO (AP) — Asian indexes mostly slipped Wednesday amid continuing worries about North Korea after the perk from the easing of U.S.-China trade tensions faded.KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.2 percent to finish...

MARKET CLOSE: NZ shares down as A2, Comvita keep falling, Ryman and Heartland rise BusinessDesk
New Zealand shares fell, led lower by continued selling in A2 Milk Co and Comvita, while Ryman Healthcare and Heartland Bank gained

Breaking silence: an Indian man shares his rape ordeal
"Akram" who was raped by a preacher at the age of 14, has revealed horrific details of the crime.

Steel & Tube shares plunge 24 pct following as company flags annual loss
Steel & Tube Holdings expects to post a loss this financial year and breach its banking covenants after a restructuring that will see it exit its plastics business and write down the value of its assets.The Lower Hutt-based business...

Tata Motors and Micron Technology rise; Toll Brothers slumps
NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:J.C. Penney Co., down 15 cents to $2.35The department store said Chairman and CEO Marvin Ellison is leaving to become CEO of Lowe's.Adobe Systems Inc.,...

JC Penney's CEO Ellison departs for Lowe's, shares plunge
MOORESVILLE, N.C. (AP) — J.C. Penney's CEO is leaving the company to become the top executive at Lowe's.The announced departure of Marvin Ellison on Tuesday sent shares of the besieged department store tumbling more than 12 percent...