Profit

Patrick Watson of Mauldin Economics argues if American capitalism gives people the basic things they want, the socialist threat will go away

Patrick Watson of Mauldin Economics argues if American capitalism gives people the basic things they want, the socialist threat will go away

Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m

Tower's share price drops to record low of 64c as it unveils discounted share offer to address 'inherent uncertainty' via a $70m capital raise; Insurer reduces its annual loss to $8m

Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low

Tower braces for $16.2m drop in net profit as Deloitte tells it to hike its Canterbury quake provisions due to it spending more on litigation and over-cap EQC claims; Share price hits 12-year low

Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors

Suncorp still has reinsurance available to cover its February 2011 Canterbury earthquake costs, unlike its competitors

The Co-operative Bank lifts profit, increases rebates for member-customers and unveils $30 mln issue of debt securities

The Co-operative Bank lifts profit, increases rebates for member-customers and unveils $30 mln issue of debt securities

Heated property market and dairy downturn bolster banks' bottom lines as their interest rate margins fall, according to KPMG's quarterly FIPS report

Heated property market and dairy downturn bolster banks' bottom lines as their interest rate margins fall, according to KPMG's quarterly FIPS report

Punters are splashing the cash with sales of motor vehicles at record highs but how much of the money are they borrowing, and how are vehicle financiers faring?

Punters are splashing the cash with sales of motor vehicles at record highs but how much of the money are they borrowing, and how are vehicle financiers faring?

IAG's reinsurance costs almost double off back of Berkshire Hathaway partnership; Buffett's company props up reinsurance kitty for 2011 Canterbury quake by $600m

IAG's reinsurance costs almost double off back of Berkshire Hathaway partnership; Buffett's company props up reinsurance kitty for 2011 Canterbury quake by $600m

Tower suffers $7m loss as it increases its Canterbury quakes provisions by $53m; Business grows otherwise with underlying profit up 30%

Tower suffers $7m loss as it increases its Canterbury quakes provisions by $53m; Business grows otherwise with underlying profit up 30%

IAG NZ increases its profit as Aussie parent group's profit falls

IAG NZ increases its profit as Aussie parent group's profit falls

Suncorp NZ sees dollars as it recovers from the Canterbury earthquakes

Suncorp NZ sees dollars as it recovers from the Canterbury earthquakes