17:39 Reported stabbing in Hobson Street, Auckland central. More information as it comes to hand. Newshub staff en route to the scene now.

16:55 3 people in custody after shots were fired at Kennedy Bay near Harataunga marae today. 40 people including kids were in lockdown while AOS attended.

16:54 A firefighter has been taken to hospital as a precaution after a large blaze at Westland High School in Hokitika.

16:48 Update on Muriwai Beach incident. Two Asian teenage males hospitalised after being pulled from the water. One critical (17) one serious (16).

16:38 Incidents of whooping cough in Sydney have increased by more than 500% in the last year.

Mon, 16 Jul 2012

JP Morgans 'whale' trade may now cost it US$7.5 billion

interst.co.nz boss Bernard Hickey tells RadioLIVE's Marcus Lush JP Morgans 'whale' trade may now cost it US$7.5 billion, not the US$2 billion initially estimated. Now American states are looking at a class action lawsuit against the banks that Fixed LIBOR. Also Moody's has cut Italy's rating to two notches above junk and NZ may have hit peak power, which is something buyers of SOEs should think about.

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