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UPDATED: Feltex directors 'regret' shareholder losses, welcome ruling
(Adds comment from directors) By Jonathan Underhill Sept. 15 (BusinessDesk) - Former directors of Feltex Carpets say they regret the losses endured by shareholders in the failed carpet maker, while welcoming a High Court ruling that cleared them of liability for alleged dis...
NZ Dollar Outlook: Kiwi may decline on weaker local data, more bullish Fed
By Tina Morrison Sept. 15 (BusinessDesk) - The New Zealand dollar may decline this week, weighed down by weaker local data and a more positive view of the greenback. The kiwi will probably trade between 79.60 US cents and 83.40 cents this week, according to a BusinessDesk s...
Southern Cross post $1.1 million loss after unexpected claim costs
By Fiona Rotherham Sept. 15 (BusinessDesk) - Southern Cross Medical Care Society, New Zealand's largest medical and health insurer, has recorded a $1.1 million annual loss after higher than expected claims from members. The not-for-profit insurer's annual report for the Jun...
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