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While you were sleeping: Bets made on US expansion
By Margreet Dietz June 26 (BusinessDesk) - Wall Street advanced as investors opted to focus on signs that the US economy has picked up, increasing their bets on the outlook, even as the final reading on first-quarter GDP showed a worse-than-expected contraction. US gross do...
Court of Appeal rejects fraudster David Ross's bid for quicker parole.
By Jonathan Underhill June 25 (BusinessDesk) - David Ross, who swindled some 1,200 investors out of about $155 million, lost a Court of Appeal bid for a reduction in how much time he spends in prison before eligible for parole, a decision welcome by market regulators. "We b...
Skellerup pays 'net' $1.58 mln to settle suit over pipe seals
By Jonathan Underhill June 25 (BusinessDesk) - Skellerup Holdings said it has settled an historic claim with Marley New Zealand over faulty seals supplied for irrigation systems, with a net after-tax impact on the rubber goods and farm equipment of $1.58 million. The compan...
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