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Bendon merger with Pleasure State started with A$2M deposit, accounts show
By Paul McBeth Aug. 8 (BusinessDesk) - Bendon Group, which has the global distribution rights for Elle Macpherson Intimates and Stella McCartney underwear, put up A$2 million to kick off a 2011 merger with Australian rival Pleasure State in a deal that shrank millionaire Eric Wa...
NZ dollar falls over half a US cent as Key talks down currency
By Hannah Lynch Aug. 8 (BusinessDesk) - The New Zealand dollar fell over half a US cent after Prime Minister John Key indicated the kiwi has room to fall and its current strength could stifle the local economy. The New Zealand dollar fell to 81.46 US cents at 8am from 82.02 ce...
While you were sleeping Earnings, jobs add up
By Margreet Dietz Aug 8 (BusinessDesk) - Solid earnings, including a record quarterly profit from Chesapeake Energy, and decent jobs numbers help put a positive spin on Wall Street today, underpinned by support for further bond-buying by the US Federal Reserve to help rebuild ec...
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