Business Business News http://cms.clearnet.co.nz//news/business.html en-us Fri, 22 Oct 2008 12:00:00 -0400 Thu, 28 Sep 2006 09:00:00 -0400 Workspace US regulators close more banks http://clearnet.co.nz//news/business/2009Jun/657009f6-c50f-4c65-9174-80cd7bcd8ff2.html Regulators have shut down three more small banks, pushing this year's tally of failed banks to 40. One bank closed on Friday was in North Carolina, another in Georgia, and the third was in Kansas. Sun, 21 Jun 2009 12:48:40 GMT 657009f6-c50f-4c65-9174-80cd7bcd8ff2 Nortel to sell itself off in pieces http://clearnet.co.nz//news/business/2009Jun/903a87ef-c584-4b87-af34-99cfc8a6a53a.html Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company. Sun, 21 Jun 2009 12:47:47 GMT 903a87ef-c584-4b87-af34-99cfc8a6a53a Baucus, White House in deal with drug industry http://clearnet.co.nz//news/business/2009Jun/e1e84666-0fb8-4211-83d2-58bd7e28d284.html The pharmaceutical industry agreed on Saturday to spend $80 billion (NZ$124 billion) over the next decade improving drug benefits for seniors on Medicare and defraying the cost of President Barack Obama's health care legislation, capping secretive negotiations with the White House and key lawmakers. Sun, 21 Jun 2009 12:47:19 GMT e1e84666-0fb8-4211-83d2-58bd7e28d284 Apple CEO Steve Jobs had liver transplant http://clearnet.co.nz//news/business/2009Jun/764b9dc6-48a4-4687-9634-f3e2bb5488b1.html Apple Inc. CEO Steve Jobs, who has been on medical leave for undisclosed reasons since January, received a liver transplant two months ago Sun, 21 Jun 2009 04:46:00 GMT 764b9dc6-48a4-4687-9634-f3e2bb5488b1 Russian-Dutch gas venture in the works http://clearnet.co.nz//news/business/2009Jun/4931163d-0f97-4759-b6d1-65e1b52e5df9.html Russia and the Netherlands have said they want to co-operate on developing gas fields at the northern Russian peninsula of Yamal. Sun, 21 Jun 2009 03:01:00 GMT 4931163d-0f97-4759-b6d1-65e1b52e5df9 German downturn near bottom - Merkel http://clearnet.co.nz//news/business/2009Jun/5749bf45-23e0-4df5-aa92-327c9d839fe3.html Germany appears to be close to the bottom of its economic downturn but it can't expect an instant recovery, Chancellor Angela Merkel said on Saturday. Sun, 21 Jun 2009 02:57:00 GMT 5749bf45-23e0-4df5-aa92-327c9d839fe3 Prosecutors: Scope of Madoff's fraud still unknown http://clearnet.co.nz//news/business/2009Jun/fceb4089-2911-4dd0-833f-3facea2c893a.html US Federal prosecutors say a judge should sentence disgraced financier Bernard Madoff in ten days even though they haven't determined how much money investors lost in his multibillion-dollar Ponzi scheme. Sat, 20 Jun 2009 03:48:00 GMT fceb4089-2911-4dd0-833f-3facea2c893a Former Fannie Mae head to take over bank bailout http://clearnet.co.nz//news/business/2009Jun/3e250737-04dc-4510-af67-1ac6103ac6e8.html Herbert Allison, the former head of troubled mortgage giant Fannie Mae, has been confirmed to oversee the government's US$700 billion (NZ$1.1 trillion) bank bailout program. Sat, 20 Jun 2009 01:30:00 GMT 3e250737-04dc-4510-af67-1ac6103ac6e8 New iPhone goes on sale with less drama http://clearnet.co.nz//news/business/2009Jun/738a95d5-fb4d-41cd-856f-38caa8eb5889.html The new iPhone went on sale on Friday morning, greeted by much smaller lines and less hoopla than previous models. Sat, 20 Jun 2009 10:48:00 GMT 738a95d5-fb4d-41cd-856f-38caa8eb5889 Carmax first-quarter profit falls http://clearnet.co.nz//news/business/2009Jun/235afdad-d6ad-4b40-9c73-a3f1e32a457c.html Auto retailer CarMax Inc. said on Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Sat, 20 Jun 2009 10:46:40 GMT 235afdad-d6ad-4b40-9c73-a3f1e32a457c