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Kirkcaldie sees narrower loss on retail, may need impairment charges
By Paul McBeth Sept. 3 (BusinessDesk) - Kirkcaldie & Stains, the upmarket Wellington department store, says it made a narrower loss in the latest financial year, and its board may have to write down the value of assets. The company said its retail unit posted a pretax loss...
NZ dollar slips below 83 US cents on fall in dairy prices, upbeat US data
By Tina Morrison Sep. 3 (BusinessDesk) - The New Zealand dollar dipped below 83 US cents for the first time since February as manufacturing data pointing to a recovery in the US strengthened the greenback while a decline in dairy prices at Fonterra Cooperative Group's latest a...
While you were sleeping: Wall Street rally pauses
By Margreet Dietz Sep. 3 (BusinessDesk) - Wall Street fell, pushing the Standard & Poor’s 500 Index down from its record-high close, as shares of Home Depot dropped on reports of a credit card data breach, while those of Chevron slipped with the price of oil. In afternoon t...
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