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Xero shares drop to four-month low, leading growth-stocks lower
By Paul McBeth April 8 (BusinessDesk) - Xero shares slumped to a four-month low, leading New Zealand stocks lower as investors joined a global sell-off on concern high-growth companies may struggle to turn sales growth into profits. Xero fell as low as $29.50, the lowest since...
Hollywood studios including Fox, Disney sue Dotcom’s Megaupload for providing copyright movies
April 8 (BusinessDesk) - Six major Hollywood movie studios are suing Megaupload founder Kim Dotcom and his associates, alleging they made more than US$175 million by running an online hub for stolen copyrighted movies and TV shows. Megaupload and associated company Vestor are n...
RESEND Treasury says 2015 surplus still on target as tax take falls short again, pushing govt deficit wider
(Fixes garble in headline) By Paul McBeth April 8 (BusinessDesk) - The Treasury still expects the government to reach its targeted surplus in the 2015 financial year, even as the current tax-take continues to fall short, and widening the Crown’s operating deficit. The govern...
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