90 at 9: Line7 into receivership; Madoff sentenced to 150 years, NZ$ hits 65 USc
30th Jun 09, 8:48am
by
Bernard Hickey details the key news overnight in 90 seconds at 9am in association with ASB, including news that yachting themed clothing retailer Line7 has been put into receivership after being hammered by the dollar's fall and the recession, while Bernie Madoff was sentenced to 150 years prison overnight for his US$65 billion fraud. The judge said he was 'extraordinarily evil' and his wife said she was 'devastated, betrayed and confused', although she has been left with US$2.5 million. The New Zealand dollar rose to near 8 month highs over 65 USc overnight as US investors regained their appetite for risky currencies.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.