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L and M Energy chairman Loudon makes takeover bid for oil and gas explorer
Oct. 23 (BusinessDesk) - L&M Energy chairman Geoff Loudon has made a full takeover bid for the Wellington-based oil and gas explorer at a 45 percent premium to its last trading price. Loudon, via his newly incorporated New Dawn Energy, is offering 6 Australian cents a share to...
NZ dollar falls vs. greenback as stocks slide, gains vs. yen on BOJ easing talk
By Jonathan Underhill Oct. 23 (BusinessDesk) - The New Zealand dollar fell against the greenback as a weaker earnings outlook for US companies including Caterpillar and Freeport-McMoRan Copper & Gold weighed on Wall Street. The kiwi gained against the yen on talk of Bank of Japa...
While you were sleeping Revenue in the hurt locker
By Margreet Dietz Oct 23 (BusinessDesk) - Wall Street began the week on the same note it ended the previous one as Caterpillar became the latest company to throw cold water on the outlook for corporate profits. Caterpillar warned worldwide growth was easing more than anticipate...
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