APN News & Media, whose stable of publications includes the New Zealand Herald newspaper, has appointed News Ltd’s Michael Miller as its new chief executive, effective from mid-June. Miller, who has been with Rupert Murdoch-controlled News Ltd since 1997, is currently its regional director for New South Wales, and has experience in New Zealand, sitting on the board of pay-TV …

The New Zealand government kept a smaller operating deficit than forecast in the first nine months of the financial year, even as the cost of the Canterbury earthquakes grew an expected $192 million. The operating balance before gains and losses (obegal) was a deficit of $4.95 billion in the nine months ended March 31, smaller than the $5.22 billion shortfall …

Wall Street kicks off the week at record highs, which might be all that’s needed to underpin investors’ faith in the road ahead. Friday’s US payrolls report not only surpassed expectations about the number of jobs created in April, it also showed upward revisions to the previous two months to the tune of 114,000 extra workers. That went a long …