Bernard Hickey details the key news overnight in 90 seconds at 9am, including news that New Zealander Chris Liddell has been appointed chief financial officer at General Motors. He was CFO at Microsoft and has been Carter Holt Harvey CEO. Meanwhile in Timaru, South Canterbury Finance Chief Financial Officer Graeme Brown has resigned and has been replaced by interim CFO David Jarmen, who was CFO at Provincial Finance. South Canterbury Finance now has an interim CEO and an interim CFO while it tries to recapitalise. It is still trying to raise capital through a private placement and a potential float on the stock market. Meanwhile Dubai World has met with investors to discuss a standstill on US$22 bln of debt. It is also rumoured to be backing dairy farm purchases in Southland.
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