NEW YORK (AP) ” Federal prosecutors in New York have filed additional criminal charges against a pharmaceutical executive who separately was heavily criticized for raising the price of a lifesaving malaria medication.A new indictment…
Ex-Oppenheimer & Co. employee faces insider trading charges
NEW YORK (AP) ” A former Oppenheimer & Co. Inc. financial adviser has been arrested on insider trading charges.Authorities in New York say David Hobson teamed with a childhood friend at Pfizer Inc. to trade on secrets about potential…
The Latest: Oregon train derailment caused release of oil
PORTLAND, Ore. (AP) ” The Latest on a train derailment in Oregon’s scenic Columbia River Gorge (all times local):3:20 p.m.A Union Pacific spokesman says that a derailment that caused a fire in Oregon’s scenic Columbia River Gorge…
BP to pay $175 million to investors in oil spill suit
HOUSTON (AP) ” BP announced Friday that it has agreed to pay $175 million to settle a class-action lawsuit filed by investors who accused the oil giant of misleading them about the rate of oil flowing after the 2010 Deepwater Horizon…
Matua winery sold to family business
The original Matua winery in Auckland has been bought by a family-owned business.Sutton Group Holdings Lts has acquired the Waimauku winery where Matua claimed to have planted the first Sauvignon Blanc vines in New Zealand.Sutton…
Kiwibank gets OK to close money remitter's accounts
Kiwbank has been cleared to close the accounts of E-Trans International Finance because of the risk posed by the money remitter under anti-money laundering legislation, upping pressure on the government for a policy fix to accommodate…
This landlord said 'like' me on Facebook or get evicted
How far will a business go for a Facebook like?Tenants in a Salt Lake City apartment building found a notice taped to their doors last week instructing them to “like” their apartment complex on Facebook. The posting, a contract…
House prices dip in Auckland but sale volumes rise
• Median sale prices dipped between April and May.• Yet sale volumes rose sharply between the two months.• 69 per cent of sales last month were over $750,000.• Listings remain at historically low levels.•…
Lawyer suspended after false witness claim
Auckland lawyer Bharat Parshotam has been suspended from the profession for nine months after falsely witnessing documents he didn’t see his clients sign.It is not the first time that Parshotam has fallen foul of the New Zealand…
The Economy Hub: Why new housing policy won't work
Long time property investor Olly Newland says the Auckland property bubble is too far advanced for the National Policy Statement and other land supply solutions to fix it.”You can’t just go to a field and say let there be houses,”…