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As increasing costs begin to bite, more New Zealanders are favouring a night at home in front of the fire over meals out. Restaurants report a significant drop in business as stubbornly high interest rates and spiralling prices for food and petrol hit diners' wallets.

CIT sells home lending business (CNN Money)
Finance company's latest effort to shore up capital leads to exiting its home mortgage business and selling its $470 million manufactured housing portfolio at a loss.

Developer's business partner says firm's funds may have been misappropriated (Orlando Sentinel)
A longtime business partner of Steve Walsh, the developer who shot and killed himself at his Winter Park home last week, said Thursday he has alerted authorities that money could have been misappropriated from partnership accounts.

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