Sparc insist the financial flop out of the world rowing champs should not deter New Zealand from hosting other major sports events.

Some decisions can't be passed off to lawyers or staff, judge rules.

Former Nathans directors Mervyn Doolan, Donald Young and Kenneth Moses have been found guilty on five charges of breaching the Securities Act. They have been remanded on bail and will be sentenced on September 2.

There's nothing to suggest that under the new regulatory regime that ASB, Versalko's employer, would've automatically picked up on his fraud.

Prime Minister John Key was called a liar when he fronted a meeting in Timaru last night packed with vocal Allan Hubbard supporters. The PM was forced to defend the Govt's handling of South Canterbury Finance to a bositrous 500-strong crowd

NZ fund managers rated the most stink in the world by Morningstar.

Australia's The Trust Company Ltd has completed its $42 million acquisition of The New Zealand Guardian Trust Co from Brisbane-based life insurer, Suncorp-Metway.

Kiwi high flyer Chris Liddell is stepping down as chief financial officer at GM, and isn't ruling out a tilt at Fonterra's top job.

The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.