APN shares halted for potential material announcement on NZME
By Jonathan Underhill May 9 (BusinessDesk) - APN News & Media, which abandoned plans for an initial public offering of its NZME division in February, had its shares halted on the ASX pending an announcement about a potential material transaction involving the New Zealand asset...
Fairfax mulls options for NZ division; won't comment on possible spin-off
By Jonathan Underhill May 9 (BusinessDesk) - Fairfax Media says it has nothing to disclose about its New Zealand operations after The Australian newspaper reported it was considering an A$200 million spinoff of its New Zealand newspapers, magazines, and digital business. "F...
Air NZ to settle its part in US civil suit with freight forwarders for US$35 mln
By Jonathan Underhill May 9 (BusinessDesk) - Air New Zealand has agreed to a US$35 million settlement in a class-action lawsuit in the US taken by freight forwarding companies who claimed airlines colluded over cargo fuel and security surcharges between 2000 and 2006. The n...
World Week Ahead: Eyes on US retail sales, retailers
By Margreet Dietz May 9 (BusinessDesk) - A report on US retail sales will offer a key focus for investors after last week’s weaker-than-expected jobs data practically removed any remaining bets that the Federal Reserve will raise interest rates at its June policy meeting. ...
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