WELLINGTON, Aug 2 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Monday.
Stories may be taken from either the paper or Internet editions of the papers.
Reuters has not verified these stories and does not vouch for their accuracy.
DOMINION POST(www.stuff.co.nz)
Labour cautious about Carter's fate: Rebel MP Chris Carter could escape expulsion from the Labour Party and may only be suspended as party bosses tread warily over how to discipline him for public attacks on leader Phil Goff.
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Slow jobs and housing market: Figures out this week are expected to show slow jobs and wages growth, while in another sign of a sluggish economy, asking prices for homes are dropping.
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SFO to widen focus of LWR investigation: The Serious Fraud Office has widened its fraud inquiry into defunct Christchurch clothing manufacturer Lane Walker Rudkin (LWR) after receiving new information. SFO chief executive Adam Feeley said 'something' new had come to light in the past six weeks, which 'materially changed the scope and direction of our inquiries'.
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Dairy motive in Talley's AFFCO bid: Media-shy Talley's Group will take control of Open Country Dairy if it convinces remaining Affco shareholders to sell at a substantial discount. Talley's stands to hold more than 52 per cent of Open Country's shares through its own 17 per cent holding and Affco's 35 per cent if it can persuade enough of the meat processing company's owners to sell out for 37 cents a share.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Auckland property bucks trend: The Auckland real estate market held up in a softening July property scene.
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All Black star's shops come up $1.1m short: He rarely puts a foot wrong on the rugby field, but All Black star Dan Carter's failed fashion shop business owes creditors more than $1.16 million.
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Judge to reveal fate of Feltex five today: The fate of Feltex's five directors will be known today when Auckland District Court Judge Jan Doogue delivers her verdict on alleged breaches of the financial reporting standards.
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Cut dairy risks or suffer, says US expert: Volatile dairy prices are here to stay and those who don't get to grips with the risk will be left behind, according to dairy futures expert Robert Chesler.
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Foreign-investment change in limbo: Public concern around the sale of farmland to overseas interests means the review of foreign investment rules is now unlikely to deliver much of the gains originally hoped for, Finance Minister Bill English has acknowledged.
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((Wellington newsroom tel +64 4 471 4234, fax +64 4 473 6212 wellington.newsroom@thomsonreuters.com)) Keywords: NEWZEALAND PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Stories may be taken from either the paper or Internet editions of the papers.
Reuters has not verified these stories and does not vouch for their accuracy.
DOMINION POST(www.stuff.co.nz)
Labour cautious about Carter's fate: Rebel MP Chris Carter could escape expulsion from the Labour Party and may only be suspended as party bosses tread warily over how to discipline him for public attacks on leader Phil Goff.
- - - -
Slow jobs and housing market: Figures out this week are expected to show slow jobs and wages growth, while in another sign of a sluggish economy, asking prices for homes are dropping.
- - - -
SFO to widen focus of LWR investigation: The Serious Fraud Office has widened its fraud inquiry into defunct Christchurch clothing manufacturer Lane Walker Rudkin (LWR) after receiving new information. SFO chief executive Adam Feeley said 'something' new had come to light in the past six weeks, which 'materially changed the scope and direction of our inquiries'.
- - - -
Dairy motive in Talley's AFFCO bid: Media-shy Talley's Group will take control of Open Country Dairy if it convinces remaining Affco shareholders to sell at a substantial discount. Talley's stands to hold more than 52 per cent of Open Country's shares through its own 17 per cent holding and Affco's 35 per cent if it can persuade enough of the meat processing company's owners to sell out for 37 cents a share.
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NEW ZEALAND HERALD (www.nzherald.co.nz)
Auckland property bucks trend: The Auckland real estate market held up in a softening July property scene.
- - - -
All Black star's shops come up $1.1m short: He rarely puts a foot wrong on the rugby field, but All Black star Dan Carter's failed fashion shop business owes creditors more than $1.16 million.
- - - -
Judge to reveal fate of Feltex five today: The fate of Feltex's five directors will be known today when Auckland District Court Judge Jan Doogue delivers her verdict on alleged breaches of the financial reporting standards.
- - - -
Cut dairy risks or suffer, says US expert: Volatile dairy prices are here to stay and those who don't get to grips with the risk will be left behind, according to dairy futures expert Robert Chesler.
- - - -
Foreign-investment change in limbo: Public concern around the sale of farmland to overseas interests means the review of foreign investment rules is now unlikely to deliver much of the gains originally hoped for, Finance Minister Bill English has acknowledged.
- - - -
((Wellington newsroom tel +64 4 471 4234, fax +64 4 473 6212 wellington.newsroom@thomsonreuters.com)) Keywords: NEWZEALAND PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.