New Zealand Star
NewZealandStar.com Sunday 14th March 2010 Issue 2010/073
bullet
Front Page Breaking Business News
corner
California taking Toyota to courtCalifornia taking Toyota to court
Californian prosecutors have launched lawsuits over Toyota’s defective motor...


Add to My Yahoo!
Lloyds allows customers to overpay on mortgagesLloyds allows customers to overpay on mortgages
The BBC has reported that Lloyds Banking Group has been encouraging its borrowers to pay off their mortgages...
Portugal has new austerity measuresPortugal has new austerity measures
The Portuguese government's tough budget passed the parliament just prior to the weekend, with approval for an austerity plan aimed at cutting its deficit to the level permitted by the...
Indian stealth bombers coming from RussiaIndian stealth bombers coming from Russia
Russian plane maker, Sukhoi, has announced it will build more than 1,000 stealth fighter jets within four decades, many of them for...
Borders in UK now protected by new departmentBorders in UK now protected by new department
The UK Home Office has announced a new security office to police its...
Adobe chief takes pay cutAdobe chief takes pay cut
The president and CEO of software maker Adobe Systems, Shantanu Narayen, has been awarded less compensation this year due to the value of the company...
KKC files to list $2.2 billion worth of shares on NYSEKKC files to list $2.2 billion worth of shares on NYSE
Private equity firm Kohlberg Kravis Roberts & Co files to list $2.2 billion worth of shares on the NYSE in a long-anticipated move to follow their rival, Blackstone...
Chinese steelmakers want to talk to government about rising ore costsChinese steelmakers want to talk to government about rising ore costs
Chinese steelmakers want government to address rising iron ore...
2009 revenue for BMW down 5%
BMW has suffered a profit dip of 36% between 2008 and 2009, according to company...
Astonishing oil demand by ChinaAstonishing oil demand by China
The International Energy Agency has described China's increasing demand for oil as...
German financial crisis jokes fall flat for AthensGerman financial crisis jokes fall flat for Athens
Athens has declared its displeasure at recent German attempts to make light of the financial crisis facing the...
Wall Street sidelined by dollar fallWall Street sidelined by dollar fall
The U.S. dollar was sharply weaker Friday as stocks drifted...
Local Firm Helps Paint A Portrait Of America Via Census
Monday, Jan. 4, began early for the Weber Shandwick media relations team assigned to promote the 2010 census. First there was an appearance they arranged on the "Today" show where Commerce...
For Insurers, Health Care Debate Is A Prescription For Uncertainty
Last Monday, as President Obama launched a last-ditch effort to save health reform, health insurance stocks took a beating. Again. Shares of UnitedHealth Group, the biggest U.S. insurer by revenue,...
How To Get Out Of Debt? Step By Step
A former boss of mine once quipped that the real definition of personal finance was getting out of credit-card debt. Sad to say, for many folks he's right. Consumers are reducing their exposure to...
How I Got That Job: Jobdan Morlock
Background: I worked for six years for a YMCA camp during the summer while I was in college. I went to Bemidji State and then I went to Augsburg and Bethel. I actually don't have a degree, but I'm...
Faa Directs Airlines To Check Mechanism That Controls Tail Flap Of Boeing 737s
SEATTLE - The Federal Aviation Administration has issued an emergency airworthiness directive demanding that airlines check a mechanism that controls tail flaps on about 600 Boeing 737s. The...
Portraits Of The Dotcom Entrepreneurs
Remember the dotcom tycoons who shook up the business world before the bubble burst spectacularly? Ten years on, we look at what they are doing...
Fortis Becomes 'ageas', To Signify Shift From Banking, But Was It Worth It?
Fortis group is proposing to change its corporate identity to "ageas" from April . Photograph: Rick Nederstigt/AFP Corporate rebrandings are almost always pointless, pompous or both. So it's a...
Shareholders And Targets Won't Do The Business
, the blinking red numbers of a stock market ticker run unremittingly across the set, showing the rise and rise of the energy firm's share price — the driving force for its relentless progress from...
Uk Liberal Democrats' Leader Dismisses 'kingmaker' Role
LONDON -(Dow Jones)- Nick Clegg, leader of the smaller U.K. opposition party, the Liberal Democrats, will Sunday play down suggestions he will be "kingmaker" if there is a hung parliament and will...
Report: Probe Questions Account Of Runaway Prius
Investigators probing a dramatic high-speed incident on a California freeway involving a Toyota Prius didn't find as much wear as they expected on its brakes, the Wall Street Journal reported...
Jetblue Waives Fees On Rebooking Sat. Ny Flights
JetBlue Airways says customers whose flights were canceled Saturday because of poor weather in the New York area can rebook their flights without paying extra. The airline said customers flying...
Split Among Abortion Opponents Widens As Catholic Hospitals Publicly Support Health Care Bill
WASHINGTON - A group representing Catholic hospitals Saturday rallied behind President Barack Obama's health care bill ahead of a House vote in which anti-abortion lawmakers could play a decisive...
Report: Probe Opens Questions About Driver's Description Of Runaway Prius On Calif. Freeway
SAN FRANCISCO - A newspaper is reporting that investigators probing a runaway Toyota Prius found its brakes didn't show the wear expected when a driver exerts sustained pressure like the driver said...
A Star Trader Who Hardly Ever Traded
This month, one of the great traders of the mutual fund industry, John Laporte of T. Rowe Price New Horizons, stepped down. An investor who put $10,000 in the fund when Laporte took the helm, three...
Jetblue Waves Fees On Rebooking Ny Flights After Storm Causes Cancellations Saturday
NEW YORK - JetBlue Airways says customers whose flights were canceled Saturday because of poor weather in the New York area can rebook their flights without paying extra. The airline said customers...
Sheringham Man Steams Over Tesco Goliath – For Now
Sheringham's footnote to military history is that the first bomb dropped from a zeppelin landed on the North Norfolk town in 1915. However, the seaside town could command a whole chapter in the...
Lloyds To Spin Off Billions In Property Assets
Lloyds Banking Group is believed to be considering plans to hive off a portion of its giant commercial property portfolio into a separate, tax-efficient company. Senior figures within the bank are...
More Money Makes Society Miserable, Warns Report
Conspicuous consumption makes the few who can afford it happier – and everyone else more miserable. Photograph: Nils Jorgensen/Rex Features The national belt-tightening expected to follow next...
Waitrose Launches Uk Brand Expansion And Plans More Foreign Outlets
Waitrose already has a deal for Boots to sell its products Photograph: PA Waitrose boss Mark Price is drawing up plans to transform the upmarket food chain into a consumer brand available in...
Embarrassment For David Cameron Over Tory Hopefuls' Lobbying Links
Conservative drive to 'clean up politics' faces test over failure by several candidates to fully declare their work for lobby firms, says Nick...
Lehman's Advisers Were Guard Dogs That Didn't Bark
Lehman Brothers from the US "examiner" brought some formidable examples of its recent triumphs."Magic circle" City law firm Linklaters gave the thumbs-up to "Repo 105", the complex manoeuvre that...
Auditors Face Inquiry Call After Lehman Revelations
Lehman Brothers chief executive Richard Fuld being heckled by protesters in Washington in 2008. MPs and financial experts have called for industry reforms after revelations that Lehman hid $50bn of...
Can Katy Perry Stop Emi Going To America For A Song?
Katy Perry is selling well, but EMI is finding it increasingly difficult to turn talent into profit. Photograph: James Curley / Rex Features It is a tale of sex, debt and rock'n'roll that is...
Can I Buy Underwear And Be Green?
You might be doubtful that your choice of briefs can be a catalyst for global change, but consider the statistics. The UK underwear market was valued at £4.1bn in 2009. Most of that money is spent...
When The Dotcom Bubble Burst The Ideas Didn't Just Float Away
The streets of Silicon Valley are littered with survivors of the dotcom boom and bust – but while many retain vivid memories of the crash, few seem permanently scarred by the experience.Among the...
Phishing Emails From 'amazon' Are Well Out Of Order
Amazon customers are being warned against phishing emails that ask for their account details. Above, the online booksellers' distribution centre in Milton Keynes. Photograph: David Levene Customers...
Famous, Rich And Jobless; Jobless; Inside John Lewis; Wonders Of The Solar System | Tv Review
L-r: Larry Lamb, Emma Parker Bowles, Meg Mathews and Diarmuid Gavin, each with a bag of belongings, in Famous, Rich and Jobless Photograph: BBC/Love Productions Of the many difficulties facing the...
Ten Years After The Crash, The Dotcom Boom Can Finally Come Of Age
A television reporter explains the drop in the Nasdaq in New York following the dotcom crash. Photograph: Spencer Platt/Getty Images The gong that signalled the end of the business day on the...
Credit Card Firms Forced To Make Repayment Cheaper
The rules on credit card repayments are to be changed so it will no longer be the cheaper part of the debt that will be paid off first. Photograph: Alan Schein Photography/Corbis Credit card firms...
Don't Celebrate These Billionaires, Be Horrified By Their Existence | Will Hutton
Mexico's Carlos Slim and the US's Bill Gates were in a run-off to be the world's richest billionaire in the Forbes list of the 1,011 people with personal wealth in excess of a billion dollars. In the...
For The Record | The Week's Corrections
Goldman Sachs and its role in a Greek tragedy " (Business) said European currency swap transactions "enabled the country to join the euro in 2001". In fact, the swap transactions were executed after...
Iraq Security Firm Joins Bidding For Wall Street's Favourite Detective Agency
Members of a private security company on the rooftop of a house in Baghdad. Control Risks’ work for the British government in Iraq gave it 30% of its sales this year Photograph: PATRICK...
Microsoft Hustles On Ie Patch, Tests Fix
Computerworld - Microsoft yesterday said it is testing a patch for a critical vulnerability in Internet Explorer (IE), but stopped short of promising to deliver an emergency fix before the next...
Sxsw: Dynamo Takes On Youtube For Indie Film Rentals
Independent filmmakers will soon have a new option for renting their films to viewers online: Dynamo, a start-up set to be announced at South by Southwest on Saturday evening, which will allow video...
Cirque Du Soleil Slips Up; Nyc Show Delayed
NEW YORK -- After opening to rotten reviews in Chicago, Cirque de Soleil's Banana Shpeel is scrambling to avoid a similar slip up in the Big Apple. Cirque – Quebec's best-known cultural and...
Q&a With Ron Liepert, Alberta's Energy Minister
Alberta Energy minister Ron Liepert says “industry will tell you they need to pace their development better than they did in the past” in the oil...
Behind The Scenes Of Apple's Ipad Launch
In the run-up to the April 3 launch of Apple's iPad tablet computer, all appears calm. But behind the veil that obscures all Apple product debuts, the company is making last-minute changes to its...