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Grant Herbert found guilty on 24 charges over failed insurance group
By Jonathan Underhill Sept. 11 (BusinessDesk) - Grant Herbert, the former owner and director of failed insurance broking firm Herbert Insurance Group, has been found guilty on 24 of 26 charges he was facing under the Crimes Act and Secret Commissions Act. The Auckland Distr...
Canterbury University to build world-first colour x-ray scanner with govt funds
By Fiona Rotherham Sept. 11 (BusinessDesk) - The University of Canterbury said it will build the world’s first human colour x-ray scanner, with the help of a six-year, $12 million, government grant announced today. Auckland and Waikato universities were the other big winne...
APN abandons US$250 mln 'junk bond' sale as investors baulk at terms
By Paul McBeth Sept. 11 (BusinessDesk) - APN News & Media, the Australasian media group looking at spinning out its New Zealand unit, has dumped plans to raise US$250 million in a note offering from US investors and is looking at others ways to improve its financial flexibilit...
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