Newswire
Finance
Tower signals 108 job losses as looming recession threatens growth
Tower is considering laying off 108 staff as it battens down the hatches ahead of the looming recession. The general insurer reported a 12.9 percent drop in underlying earnings to $16.9 million in the six months ended March 31, due largely to the $4.9 million cost of the Timar...
Listed Companies
Pacific Edge still spending, but US diagnostics up
The cash burn continues at Pacific Edge, with a total of $14.8 million in cash in the bank at end of March, following $20.1 million of new capital raised just five months ago. Reporting a net loss of $18.9 million for the 12 months ended March 31, the Dunedin-based cancer diag...
Markets
MARKET OPEN: Trading may end week on tentative note
Trading may be tentative after Wall Street pared its gains on news that US President Donald Trump will hold a news conference on China on Friday. Wall Street turned negative on the news and the Dow Jones Industrial Average was down 0.5 percent at 8am in Wellington, while the S...
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