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Not guilty pleas from Dominion Finance directors
The directors of collapsed Dominion Finance and North South Finance have entered not guilty pleas in the Auckland District Court to charges they misled investors.
House listings up but glut remains
There was 7.3pc increase in house listings last month, but a big glut of unsold real estate is still weighing heavily on the market.
Alloway to remain at Allied, admits mistakes
"Mistakes have been made which the board and management acknowledge," Alloway told shareholders.
Hanover calls in lawyers on Allied Farmers
Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."
Sth Canterbury auditor fined and censured
The Ashburton-based auditor of Sth Canterbury Finance, Byron Pearson, has been censured and fined $38,000 by the Institute of Chartered Accountants.
Wall St steeled for more FBI insider trading raids
The FBI is planning further raids on hedge funds suspected of involvement in an insider trading scam, as a three-year investigation enters its final stages, with prosecutors aiming to make arrests and lay charges within the next few weeks.
Property developer Fontein declared bankrupt
Auckland property developer Patrick Fontein has been declared bankrupt.
Fletcher and Contact Energy gain as market rises
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.