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Amazon Echo records family conversation, sends it to random person

A family in Portland, Oregon, received a nightmarish phone call two weeks ago."Unplug your Alexa devices right now," a voice on the other line said. "You're being hacked."Apparently, one of Amazon's Alexa-powered Echo devices... Source: [...]

By | May 24th, 2018|Categories: Business|0 Comments

MLB panel says baseballs getting extra lift, cause unknown

NEW YORK (AP) — Baseballs really have been getting extra lift since 2015, and it's not from the exaggerated uppercuts batters are taking, according to a 10-person committee of researchers hired by the commissioner's office."The... [...]

By | May 24th, 2018|Categories: Business|0 Comments

Whittaker's named New Zealand's most trusted brand for seventh year

Auckland's family of chocolate makers, Whittaker's, has seized the title of most trusted New Zealand brand for the seventh consecutive year. The New Zealand chocolate makers were voted the most trusted brand from all surveyed [...]

By | May 24th, 2018|Categories: Business|0 Comments

Rocket Lab's Hawke's Bay launch site receives approval to expand launch options

Rocket Lab's launch facility at Mahia is now capable of the widest range of launch angles in the world, following a change to environmental regulation managing New Zealand's space regulations.With the United States-based orbital... Source: [...]

By | May 24th, 2018|Categories: Business|0 Comments

Court rules Rotorua Lakes Council overcharged rates for 94 inner city leaseholders

Rotorua Lakes Council has overcharged rates for 94 inner city lease holders for the past three years and the mistake and subsequent legal feud will cost ratepayers thousands of dollars.The land, on a strip between [...]

By | May 24th, 2018|Categories: Business|0 Comments

Still smoking and still joking, Tommy Chong views life at 80

LOS ANGELES (AP) — Yeah man, Tommy Chong says he always knew he'd live to see the day marijuana legalization would be sweeping the country.He had no doubt when he and partner Cheech Marin pioneered [...]

By | May 24th, 2018|Categories: Business|0 Comments

Deutsche Bank to slash thousands of jobs to control costs

FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank says it's slashing thousands of jobs as it reshapes its stocks trading business and tries to limit costs.The bank said Thursday it would cut its workforce from [...]

By | May 24th, 2018|Categories: Business|0 Comments

Airports on both sides of the Tasman under fire from airlines

Airline chiefs from Australia and New Zealand say passengers are paying the price for light-handed regulation of airports in the absence of appropriate constraints on monopoly power.The airline bosses put aside commercial rivalry... Source: NZ [...]

By | May 24th, 2018|Categories: Business|0 Comments

Foreign investment in New Zealand technology sector at record levels

In the past few years, New Zealand technology companies have received record levels of foreign investment, according to a new report. The third annual Investor's Guide to New Zealand was released tonight by Technology Investment... [...]

By | May 24th, 2018|Categories: Business|0 Comments

Shares up on A2 Milk rebound; Fletcher, Comvita drop

New Zealand shares gained as A2 Milk Co rebounded from recent selling, while Fletcher Building and Comvita fell.The S&P/NZX 50 Index rose 37.54 points, or 0.4 per cent, to 8,590.77. Within the index, 23 stocks [...]

By | May 24th, 2018|Categories: Business|0 Comments

Fed minutes: Gradual rate hikes on track

WASHINGTON (AP) — Federal Reserve officials earlier this month discussed a number of risks facing the economy, from rising wage pressures to possible harm from administration trade policies. But in the end, officials concluded that... [...]

By | May 23rd, 2018|Categories: Business|0 Comments

US tech firm: Possible cyberattack on Ukraine being prepared

LONDON (AP) — U.S. tech company Cisco says that hundreds of thousands of routers have been compromised in preparation for what could be a major cyberattack against Ukraine.Ukraine's Cyberpolice says in a statement that it [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Lawmaker wants states to reject sports bet 'integrity fee'

ATLANTIC CITY, N.J. (AP) — A top New Jersey lawmaker is urging all 50 states to reject so-called "integrity fee" payments to professional sports leagues in any sports betting legislation they enact.Democratic state Senate President... [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Foxconn says no changes planned for Wisconsin project

MADISON, Wis. (AP) — Taiwan-based Foxconn Technology Group said Wednesday that it remains committed to its $10 billion Wisconsin manufacturing facility, rejecting a report that it's considering reducing its initial investment by making... Source: NZ [...]

By | May 23rd, 2018|Categories: Business|0 Comments

NYC subway head wants massive overhaul, but cost a concern

NEW YORK (AP) — The new head of New York City's subways is proposing a massive overhaul, including the replacement of worn-out signals that lead to vexing delays for millions of riders.NYC Transit President Andy [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Super Fund fights for right to set chief executive's pay

The Super Fund is fighting for the right to set its chief executive's pay after two years of controversy over the issue.How much the boss of the Government's saving vehicle earns has courted criticism from [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Swedish Death Cleaning – an art for all

A delightful little book came to my attention recently – The Gentle Art of Swedish Death Cleaning by Margareta Magnusson. It's not as morbid as it sounds. The basic premise is, if you're in the [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Shares drop on Fonterra, A2 weakness

New Zealand shares dropped after Fonterra Cooperative Group cut its dividend forecast, weighing on the Fonterra Shareholders' Fund and A2 Milk Co. Steel & Tube Holdings plunged to a 17-year low after warning of a [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Amazon face recognition tool triggers alarm

Amazon's decision to market a powerful face recognition tool to police is alarming privacy advocates, who say the tech giant's reach could vastly accelerate a dystopian future in which camera-equipped officers can identify and track... [...]

By | May 23rd, 2018|Categories: Business|0 Comments

Dollar falls amid speculation over US tax cuts

The New Zealand dollar fell against the US dollar ahead of minutes from the last US Federal Reserve policy meeting and after US President Donald Trump hinted at further tax cuts.The kiwi traded at 69.09 [...]

By | May 23rd, 2018|Categories: Business|0 Comments

APNewsbreak: Pentagon adopts new cellphone restrictions

WASHINGTON (AP) — After months of debate, the Defense Department approved Monday new restrictions for the use of cellphones and some other electronic devices in the Pentagon where classified information is present or discussed. But... [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Zuckerberg tells EU lawmakers 'I'm sorry'

Facebook CEO Mark Zuckerberg is apologising for the internet giant's failure to prevent some of the internet tools it has developed from being misused.During a testimony at the European Parliament Zuckerberg said that whether it... [...]

By | May 22nd, 2018|Categories: Business|0 Comments

US and China work on ZTE rescue; Mnuchin denies quid pro quo

WASHINGTON (AP) — The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business.President Donald Trump [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Pro-union chants greet Vegas casino workers voting on strike

LAS VEGAS (AP) — Hundreds of unionized Las Vegas casino workers are making their way into a university arena where they're set to vote on whether to strike.Members of the Culinary Union are casting ballots [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Branson-owned health company to merge with its rival

PROVIDENCE, R.I. (AP) — An employee well-being company owned by British billionaire Richard Branson says it will merge with its rival and make Providence the new corporate headquarters.In an announcement Monday, Virgin Pulse says... Source: [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Vegas casino workers to vote on strike that could cost city

LAS VEGAS (AP) — Tens of thousands of Las Vegas casino workers whose contracts expire next week are planning to vote on whether to go on strike.The Culinary Union expects between 20,000 and 25,000 of [...]

By | May 22nd, 2018|Categories: Business|0 Comments

A2 Milk drops 3 per cent as sharemarket edges lower

New Zealand shares fell, led lower by continued selling in A2 Milk Co and Comvita, while Ryman Healthcare and Heartland Bank gained.The S&P/NZX50 Index dropped 2.4 points, or 0.03 per cent, to 8,613.32. Within the [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Fiji 4 found not guilty of sedition in media freedom case

WELLINGTON, New Zealand (AP) — A judge in Fiji has found an opinion writer and three newspaper executives not guilty of sedition in a case that has major implications for press freedom in the South [...]

By | May 22nd, 2018|Categories: Business|0 Comments

New Zealand dollar holds gains against US

The New Zealand dollar held overnight gains against the greenback as investors remain cheered about cooling trade tensions between the US and China.The kiwi traded at 69.43 US cents as at 5pm versus 69.41 cents [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Auckland car dealer ordered to pay nearly $8,000 for misleading conduct

An Auckland car dealer has been ordered to pay nearly $8,000 for engaging in misleading conduct over the history of a vehicle that had previously been written off in an accident.Shore European Consulting Group Ltd [...]

By | May 22nd, 2018|Categories: Business|0 Comments

Nielsen says 29 million people watched wedding in US

NEW YORK (AP) — Perhaps getting married to a U.S. television star helps in the royal wedding ratings.The Nielsen company says 29.2 million people in the United States watched the wedding of Prince Harry and [...]

By | May 21st, 2018|Categories: Business|0 Comments

How to protect yourself from online fraud

People are being urged to do research on websites before they shop online as two major banks report a surge in complaints about credit-card fraud and transaction disputes.Netsafe chief executive Martin Cocker said there had [...]

By | May 21st, 2018|Categories: Business|0 Comments

Landlord awarded tenant's Airbnb profits after property illegally subleased

A Wellington landlord has been awarded a tenant's Airbnb profits in a decision that could open the door for property owners to recover profits from subleasing. The tenant had been illegally subleasing the landlord's Bellagio [...]

By | May 21st, 2018|Categories: Business|0 Comments

Sam Stubbs calls for financial services sector to answer 25 questions

Outspoken finance expert Sam Stubbs has already called for New Zealand to follow Australia and have a Royal Commission into misconduct in the financial services sector.And now he has come up with a list of [...]

By | May 21st, 2018|Categories: Business|0 Comments

Steven Carden: Farm changes only way to go

There has been plenty of discussion on New Zealand farms after Environment Minister David Parker's recent musings about the need to restrict on-farm activity in some regions to help clean up waterways.He pointed to Pāmu, [...]

By | May 21st, 2018|Categories: Business|0 Comments

Honey products exporter Comvita leads sharemarket down

New Zealand shares dropped, led lower by Comvita as its possible takeover failed, with A2 Milk continuing last week's losses and Kiwi Property Group dropping on its earnings.The S&P/NZX50 Index fell 41.61 points, or 0.5 [...]

By | May 21st, 2018|Categories: Business|0 Comments

Falling migration eases pressure on Govt

New Zealand's immigration rate continues to ease from the record levels but at a steady and gentle pace.Data for April, released today, showed the annual net migration gain falling to 67,038 from about 68,000 in [...]

By | May 21st, 2018|Categories: Business|0 Comments

New Zealand dollar falls against US

The New Zealand dollar fell against the greenback after first quarter retail spending was softer-than-expected, pointing to sluggish economic growth.The kiwi dropped to 68.97 US cents as at 5pm versus 69.26 cents at 8am and [...]

By | May 21st, 2018|Categories: Business|0 Comments

Economic talks between US-China result in truce in trade war

WASHINGTON (AP) — The United States and China are pulling back from the brink of a trade war after the world's two biggest economies reported progress in talks aimed at bringing down America's massive trade [...]

By | May 21st, 2018|Categories: Business|0 Comments

This Week: Fed minutes, home sales, durable goods orders

A look at some of the key business events and economic indicators upcoming this week:READING BETWEEN THE LINESThe Federal Reserve releases minutes from its most recent policymakers' meeting on Wednesday.At the meeting earlier... Source: NZ [...]

By | May 21st, 2018|Categories: Business|0 Comments

Average price of US gas jumps 10 cents, to $3 a gallon

CAMARILLO, Calif. (AP) — The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that [...]

By | May 20th, 2018|Categories: Business|0 Comments

'Deadpool 2' ends Avengers' box-office reign, rakes in $125M

LOS ANGELES (AP) — Deadpool and his foul-mouthed crew of misfits and malcontents have taken down the Avengers.Fox's "Deadpool 2" brought in $125 million in its opening weekend and ended the three-week reign of Disney's [...]

By | May 20th, 2018|Categories: Business|0 Comments

Economy set to gain from 7 per cent drop in NZ dollar in just a month in a month

The Kiwi export sector as well the general economy looks set to gain fresh impetus from a New Zealand dollar that has fallen by 7 per cent against the all-important US dollar in just over [...]

By | May 20th, 2018|Categories: Business|0 Comments

Hamish Fletcher: Swaps case comes at uncomfortable time for Kiwi banks

Controversy over how Kiwi lenders sold a complicated financial product to farmers has resurfaced during an extremely uncomfortable time for the banking sector.It comes as banking behaviour hits the spotlight and will remain in... Source: [...]

By | May 20th, 2018|Categories: Business|0 Comments

Business booming for Kiwi umbrella firm Blunt

A spout of wet weather and a collaboration with fashion designer Karen Walker has seen demand for Blunt Umbrellas spike.The Kiwi company's umbrellas, known to withstand even Wellington winds, have been flying off shelves this [...]

By | May 20th, 2018|Categories: Business|0 Comments

US, China agree to cut American trade deficit

WASHINGTON (AP) — The United States and China have agreed to take measures to "substantially reduce" America's massive trade deficit with China, but the Trump administration failed to get the Chinese to commit to a [...]

By | May 20th, 2018|Categories: Business|0 Comments

Insurers drag heels on freebie trips call despite repeated warnings from regulator

New Zealand's major life and health insurers are dragging their heels over pressure to can freebie trips for financial advisers despite a repeated warnings from the regulator warning over the potential for conflicts of interest [...]

By | May 20th, 2018|Categories: Business|0 Comments

Watch: how a towering Orewa apartment block is being fixed

Repairs to one of New Zealand's largest leaky buildings are advancing, its aluminium cladding removed and protective building coverings up at the Orewa apartment tower after owners won $25.07m three years ago.Nautilus, the shiny,... Source: [...]

By | May 20th, 2018|Categories: Business|0 Comments

Uber Freight faces long road ahead

The American trucking dream conjures up certain romantic, analogue notions: long days on the highway, enormous portion sizes at roadside restaurants, and a generous helping of country and western music.It is hardly an image that... [...]

By | May 19th, 2018|Categories: Business|0 Comments

Security incident at Auckland Airport: hundreds of passengers delayed

Hundreds of passengers have been delayed after a security breach at Auckland Airport this morning.A spokesperson for the Airport said there had been an incident at the domestic terminal resulting in passengers having to be [...]

By | May 19th, 2018|Categories: Business|0 Comments

20 hurt, 1 missing after blast at Texas chemical plant

HOUSTON (AP) — Authorities say an explosion and fire at a chemical plant near Houston injured 20 people and left one missing.Television station KHOU reports that the blast happened Saturday morning at the Kuraray America [...]

By | May 19th, 2018|Categories: Business|0 Comments

New Starbucks policy: No purchase needed to sit in its cafes

NEW YORK (AP) — Starbucks is announcing a new policy that allows anyone to sit in its cafes or use its restrooms, even if they don't buy anything.The new policy comes five weeks after two [...]

By | May 19th, 2018|Categories: Business|0 Comments

Liam Dann: Give this Government a chance – it is pragmatic, focused and cautious

Let's get a grip and give this Government a chance.If you focused on business confidence surveys and the angst of a few key commentators you'd think we had a radical Lefty Government unleashing an ideological [...]

By | May 19th, 2018|Categories: Business|0 Comments

Diana Clement: A ticking debt time bomb

Debt can spiral out of control quickly. Some people are perpetually in debt.But others who have always been able to pay can by thrust into spiralling debt thanks to unforeseen life changes, says Susan Taylor, [...]

By | May 19th, 2018|Categories: Business|0 Comments

Expanded sports betting fuels fears about gambling addiction

ATLANTIC CITY, N.J. (AP) — For sports leagues and gambling industries, the imminent expansion of legalized sports betting promises a bonanza. For the experts and organizations already concerned about pervasive problem gambling, it... Source: NZ [...]

By | May 19th, 2018|Categories: Business|0 Comments

Cambridge Analytica files for bankruptcy after being buried by legal fees and lost business

Cambridge Analytica, the data firm at the centre of the Facebook privacy scandal, has filed for bankruptcy.The company filed for voluntary Chapter 7 bankruptcy in a New York court late on Thursday after being buried [...]

By | May 19th, 2018|Categories: Business|0 Comments

Would you pay $40 a sector for Air New Zealand's inflight Wi-Fi

Air New Zealand passengers will be able to access Wi-Fi on international flights — for a chunky price.The airline is charging $40 a sector, more than that charged by many other airlines, some of which [...]

By | May 19th, 2018|Categories: Business|0 Comments

Comment: Even Warren Buffett learned the hard way

Much of Wall Street these days worships at the altar of "shareholder value." Sounds like a benign term, doesn't it? But in reality, "shareholder value" is a euphemism for "get the price of your stock [...]

By | May 19th, 2018|Categories: Business|0 Comments

Donald Trump steps up war with Amazon CEO Jeff Bezos

President Donald Trump slammed Amazon chief Jeff Bezos yet again in his war against the billionaire businessman, this time personally pushing the U.S. Postal Service to drive up the delivery prices the giant online retailer [...]

By | May 19th, 2018|Categories: Business|0 Comments

Judge rejects lawsuit against Fox by ex-host Andrea Tantaros

NEW YORK (AP) — A judge threw out a New York lawsuit Friday against Fox News by former host Andrea Tantaros, citing her "vague, speculative and conclusory allegations."The lawsuit U.S. District Judge George Daniels dismissed [...]

By | May 18th, 2018|Categories: Business|0 Comments

Nuclear plant shuts down unexpectedly in Washington state

RICHLAND, Wash. (AP) — A nuclear power plant in southeastern Washington shut down unexpectedly Friday.The Tri-City Herald reports the Columbia Generating Station's systems detected a problem having to do with electrical distribution... Source: NZ Herald [...]

By | May 18th, 2018|Categories: Business|0 Comments

New Mexico adds 3 rigs as national count rises by 1 to 1,046

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by one this week to 1,046.At this time a year ago there were 901 active rigs.Houston oilfield services [...]

By | May 18th, 2018|Categories: Business|0 Comments

Recalls this week: chain saws, crayons, pottery wheels

More than a million chain saws are being recalled because they have a faulty power switch that could fail to shut off the tool. Other recalled consumer products include pottery wheels and playground slides.Here's a [...]

By | May 18th, 2018|Categories: Business|0 Comments

Billionaire Tom Steyer gets Michigan renewable energy deal

LANSING, Mich. (AP) — Michigan's two dominant utilities committed Friday to increase the power they produce from wind and other renewable sources to 25 percent by 2030 under pressure from billionaire environmentalist Tom Steyer, who... [...]

By | May 18th, 2018|Categories: Business|0 Comments

From chicken to condoms, marketers cash in on royal wedding

If British marketers are to be believed, nothing is a better royal wedding tribute than a limited-edition bucket of fried chicken chased with a bottle or two of Royal Wedding pale ale.Estimates are that consumers [...]

By | May 18th, 2018|Categories: Business|0 Comments

Merkel to meet Putin for talks on Syria, Ukraine

BERLIN (AP) — German Chancellor Angela Merkel will meet with Russian President Vladimir Putin to discuss the conflicts in Syria and Ukraine.Merkel's trip Friday to the Black Sea resort of Sochi is her first visit [...]

By | May 18th, 2018|Categories: Business|0 Comments

The world is full of worthless jobs and you might have one, according to this anthropologist

When anthropologist David Graeber set out to write his provocatively titled book Bullshit Jobs: A Theory , he invited the internet to share stories of occupations that people believed may contain a high concentration of [...]

By | May 18th, 2018|Categories: Business|0 Comments

Rise of Chinese middle class fuels interest in craft beers

SHANGHAI (AP) — Hundreds of craft beer enthusiasts, investors and brewers are attending an exhibition in Shanghai dedicated to expanding the palette of Chinese consumers and promoting sales of high-end brews.Local brewers from across... Source: [...]

By | May 18th, 2018|Categories: Business|0 Comments

Shares gain as Ryman posts record profit

New Zealand shares rose as Goodman Property Trust's joint venture with GIC sold seven buildings in downtown Auckland, and as Ryman Healthcare chalked up another record profit. A2 Milk Co and Comvita fell. The S&P/NZX [...]

By | May 18th, 2018|Categories: Business|0 Comments

Dollar heading for 1.2% weekly decline as US dollar remains in favour

The New Zealand dollar is heading for a 1.2 per cent weekly decline as rising US Treasury yields continue to stoke interest in the greenback. The kiwi dollar traded at 68.84 US cents as at [...]

By | May 18th, 2018|Categories: Business|0 Comments

The Latest: Judge OKs $2.6 million award in equal pay suit

DENVER (AP) — The Latest on the settlement of an equal pay lawsuit against a Colorado law school (all times local):12 p.m.A federal judge has signed off on a $2.6 million settlement in a lawsuit [...]

By | May 17th, 2018|Categories: Business|0 Comments

Wells Fargo reportedly altered customer docs; exec retires

NEW YORK (AP) — Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports.The bank is under multiple investigations,... Source: NZ Herald [...]

By | May 17th, 2018|Categories: Business|0 Comments

A glance at US mortgage rates

Long-term U.S. mortgage rates jumped this week, marking their highest levels in seven years amid the peak home buying season. Source: NZ Herald Business News

By | May 17th, 2018|Categories: Business|0 Comments

Tougher payday loan rules to remain in place, for now

NEW YORK (AP) — Tougher rules governing the payday lending industry, finalized during the last weeks of an Obama-era appointee who led the Consumer Financial Protection Bureau, will remain in place for now after Congress [...]

By | May 17th, 2018|Categories: Business|0 Comments

Britain's main stock market closes at record high

LONDON (AP) — Britain's FTSE 100 index of leading shares has closed at a record high.The index ended Thursday's session 0.7 percent higher at 7,787.97, surpassing its previous peak of 7,778 in mid-January.Since then, the [...]

By | May 17th, 2018|Categories: Business|0 Comments

Argentina's president Mauricio Macri says currency crisis is over

President Mauricio Macri said Wednesday that Argentina's currency crisis is over, speaking as the country's currency rebounded somewhat and prices for its stocks and bonds rose.Macri announced last week that Argentina was seeking... Source: NZ [...]

By | May 17th, 2018|Categories: Business|0 Comments

Budget 2018: Spending on M.Bovis could be too low – Fed Farmers

The $85 million the government earmarked for tackling the Mycoplasma bovis outbreak could turn out to be too light, given the escalation of the cattle disease over the past few weeks, says Federated Farmers dairy [...]

By | May 17th, 2018|Categories: Business|0 Comments

Man makes extra $1800 a year from moaning

Chris Owen proudly describes himself as the UK's "biggest moaner" — and it's lining his pockets.The father of one, who lives in Buckinghamshire in England, says he makes an average of around A$1700 ($1855) a [...]

By | May 17th, 2018|Categories: Business|0 Comments

Budget 2018: Rising wages to push people into higher tax bracket, yielding Govt $5.7b

Rising wages that take people into higher tax brackets, a growing population fueling economic activity, and a series of new revenue-gathering crackdowns are forecast to yield the government $5.7 billion more tax revenue over the [...]

By | May 17th, 2018|Categories: Business|0 Comments

Budget: Few surprises in Govt's science and tech spend

Budget 2018 packed few surprises for science and innovation, with the stand-out figure being a billion dollars for an R&D tax incentive for innovation that was flagged last month.Science and Innovation Minister Megan Woods said... [...]

By | May 17th, 2018|Categories: Business|0 Comments

The Latest: Footnote in Trump report lists Cohen payment

WASHINGTON (AP) — The Latest on President Donald Trump's financial disclosure report (all times local):2 p.m.President Donald Trump's disclosure that he "reimbursed" personal attorney Michael Cohen for as much as $250,000 last... Source: NZ Herald [...]

By | May 16th, 2018|Categories: Business|0 Comments

The Latest: Mining industry backs Trump over pollution rule

BILLINGS, Mont. (AP) — The Latest on a legal challenge to the Trump administration's reversal of a proposal to make mining companies prove they can pay for future pollution cleanups (all times local):11:45 a.m.The mining [...]

By | May 16th, 2018|Categories: Business|0 Comments

Senate Democrats push to reinstate 'net neutrality' rules

WASHINGTON (AP) — The Senate is poised to approve legislation designed to reverse the Federal Communications Commission's effort to deregulate the internet.Back in December, the FCC repealed an Obama-era rule known as "net neutrality"... Source: [...]

By | May 16th, 2018|Categories: Business|0 Comments

Safety first in this new age

David McLean takes a look at Facebook, Cambridge Analytica and open banking. "We have a responsibility to protect your data, and if we can't then we don't deserve to serve you."That was Facebook founder Mark [...]

By | May 16th, 2018|Categories: Business|0 Comments

NZX moving in new directions

The future of NZ's capital markets lies in building on our economy's unique strengths and recognising the needs of local success stories — not in trying to match what other markets are doing. For a [...]

By | May 16th, 2018|Categories: Business|0 Comments

A2 Milk's shares dumped despite upbeat sales forecast

A2 Milk received a harsh lesson in meeting market expectations today when its shares were sold down sharply, despite the alternative milk company reporting sales forecasts that most companies can only dream of.The stock - [...]

By | May 16th, 2018|Categories: Business|0 Comments

Paid work overhaul for retail, sales and hospitality staff looming: Employment lawyer

The retail and hospitality sectors need to prepare for changes coming as to what is deemed as paid and unpaid work for staff, says an employment lawyer.Sherridan Cook, partner at Buddle Findlay, said fallout from [...]

By | May 16th, 2018|Categories: Business|0 Comments

European Union giving illegal subsidies to Airbus: World Trade Organisation

A World Trade Organisation panel today ruled that the European Union continues to provide illegal subsidies to plane-maker Airbus, the latest in a string of tussles between the European manufacturer and US rival Boeing.The decision... [...]

By | May 16th, 2018|Categories: Business|0 Comments

A2 tumbles, dragging down stock index

New Zealand shares fell as A2 Milk Co disappointed investors with a market update, dragging down partner Synlait Milk. The S&P/NZX 50 Index dropped 153.27 points, or 1.8 per cent, to 8,555.51. Within the index, [...]

By | May 16th, 2018|Categories: Business|0 Comments

Dollar rises against Australian dollar on soft Aussie wage data

The New Zealand dollar gained against the Australian dollar as data across the Tasman continued to point to weak wage inflation and therefore no reason to lift rates anytime soon.The kiwi traded at 91.83 Australian [...]

By | May 16th, 2018|Categories: Business|0 Comments

With big season endings, 'NCIS' and 'Bang' soar in ratings

NEW YORK (AP) — CBS is soaring in the ratings with major plot moves on the season finales of its two most popular shows.Sheldon and Amy's characters tied the knot on the comedy "The Big [...]

By | May 15th, 2018|Categories: Business|0 Comments

The Latest: Lyft follows Uber's shift on sexual misconduct

SAN FRANCISCO (AP) — The Latest on Uber's new U.S. policy on passenger and driver complaints about sexual misconduct (all times local):11:10 a.m.Lyft's ride-hailing service is following market leader Uber's example and dropping... Source: NZ [...]

By | May 15th, 2018|Categories: Business|0 Comments

Senate Democrats urge Trump to rethink helping China's ZTE

WASHINGTON (AP) — Senate Democrats are urging President Donald Trump to reconsider his plans for helping Chinese telecommunications company ZTE get back into business.Senate Minority Leader Chuck Schumer, D-N.Y., and other leading... Source: NZ Herald [...]

By | May 15th, 2018|Categories: Business|0 Comments

Conoco continues seizing Venezuela assets in Dutch islands

WILLEMSTAD, Curacao (AP) — A lawyer for a subsidiary of Houston-based ConocoPhillips said a court in the Dutch Antilles has authorized it to seize $1.94 billion worth of assets held on Bonaire island by Venezuela's [...]

By | May 15th, 2018|Categories: Business|0 Comments

Air New Zealand eyes return to Wānaka and commits to current regional routes

Air New Zealand is considering restoring flights to Wānaka as part of a plan to grow its regional network by 20 per cent during the next five years.The airline copped flak for its handling of [...]

By | May 15th, 2018|Categories: Business|0 Comments

Fletcher Building raises $132 million in retail entitlement offer

Fletcher Building said it completed the retail component of its one-for-4.46 pro-rata entitlement offer, raising about $132 million and leaving a shortfall of about $97m to be made up from the retail shortfall bookbuild.The bookbuild... [...]

By | May 15th, 2018|Categories: Business|0 Comments

Fletcher Construction failings revealed following worker injury

An investigation into Fletcher Construction has revealed the company failed to ensure the health and safety of a worker following an incident involving the collapse of a temporary retaining wall.The worker was injured in May [...]

By | May 15th, 2018|Categories: Business|0 Comments

Shares dip from record; Air NZ and Mercury fall

New Zealand shares dipped from a record high, with Air New Zealand and Mercury New Zealand falling while Synlait Milk and Fletcher Building gained.The S&P/NZX50 Index fell 4.45 points, or 0.05 per cent, to 8,708.78. [...]

By | May 15th, 2018|Categories: Business|0 Comments

Dollar holds near 3-month low v Aussie

The New Zealand dollar held near a three-month low against its Australian counterpart after minutes to the last Reserve Bank of Australia policy review showed the next move in interest rates is expected to be [...]

By | May 15th, 2018|Categories: Business|0 Comments

US retailer Gap sorry for T-shirt's "erroneous" China map

HONG KONG (AP) — U.S. clothing retailer Gap has apologized for selling T-shirts with what it says was an "erroneous" map of China.In a posting on its Chinese social media account late Monday, the company [...]

By | May 15th, 2018|Categories: Business|0 Comments

Nucor plans $240M steel expansion in Arkansas

HICKMAN, Ark. (AP) — A North Carolina-based steel company is furthering its expansion in northeast Arkansas with a planned $240 million sheet metal production line. Arkansas Business reports that Nucor Corp. recently... Source: NZ Herald [...]

By | May 14th, 2018|Categories: Business|0 Comments

Chief investment officer to leave California pension fund

SACRAMENTO, Calif. (AP) — The chief investment officer of California's $350 billion pension fund is stepping aside.Ted Eliopoulos announced Monday he's leaving the California Public Employees' Retirement System once a replacement... Source: NZ Herald Business [...]

By | May 14th, 2018|Categories: Business|0 Comments

Warren Buffett will again auction private lunch for charity

OMAHA, Neb. (AP) — Billionaire Warren Buffett is preparing to auction off another private lunch to raise money for a homeless charity in San Francisco.Over the past 18 years, Berkshire Hathaway's chairman and CEO has [...]

By | May 14th, 2018|Categories: Business|0 Comments

Seattle to vote on business tax to fight homelessness

SEATTLE (AP) — After weeks of tense and raucous meetings, a divided Seattle City Council is voting Monday whether to tax the city's largest businesses to raise money to fight homelessness.The debate over who should [...]

By | May 14th, 2018|Categories: Business|0 Comments

The Latest: Trump lobbies for sanctioned Chinese telecom

WASHINGTON (AP) — The Latest on the surprising overture to China from President Donald Trump, who said he will help the telecommunications company ZTE get "back into business," though the company is under sanction by [...]

By | May 14th, 2018|Categories: Business|0 Comments

Hong Kong shares jump after Trump tweets on China's ZTE

HONG KONG (AP) — Asian shares were mostly higher Monday, with Hong Kong shares surging after President Donald Trump said he wanted to help a sanctioned Chinese tech giant, signaling a possible improvement in U.S.-China [...]

By | May 14th, 2018|Categories: Business|0 Comments

Small business needs to step up, says economist

Small businesses need to step up and fill the void left by other sectors whose growth is dwindling, says a leading economist.Bagrie Economics managing director Cameron Bagrie said growth in agriculture and other industries which... [...]

By | May 14th, 2018|Categories: Business|0 Comments

New Zealand dollar weak against Aussie counterpart

The New Zealand dollar remained weak against the Australian dollar as sentiment across the Tasman was boosted by waning fears of a global trade war.The kiwi traded at A92.15c at 5pm from A92.25c at 8 [...]

By | May 14th, 2018|Categories: Business|0 Comments

Snoopy joining Sony? Music unit buying stake in Peanuts

TOKYO (AP) — Snoopy may be joining Sony.Japanese electronics maker Sony Corp.'s music unit said Monday that it is buying a stake in Peanuts Holdings, the company behind Snoopy and Charlie Brown.Sony Music Entertainment signed... [...]

By | May 14th, 2018|Categories: Business|0 Comments

Trump: US will help penalized Chinese company

WASHINGTON (AP) — In a surprising overture to China, President Donald Trump says he would help a Chinese telecommunications company get "back into business," saying too many jobs in China are at stake after the [...]

By | May 14th, 2018|Categories: Business|0 Comments

Singapore Airlines to up Kiwi comfort with introduction of spacious A350 on Christchurch services

Singapore Airlines will use an A350-900 aircraft on its Christchurch route from early next year.It will be the first time the airline uses the new generation aircraft on flights to this country and it will [...]

By | May 13th, 2018|Categories: Business|0 Comments

NZ farmers eye third straight year of strong dairy prices

New Zealand dairy farmers look set to enjoy what may become the third year in a row of $6-plus milk prices in the coming season, economists say.Fonterra has a milk price forecast of $6.55/kg of [...]

By | May 13th, 2018|Categories: Business|0 Comments

Small Business: Former air force officer helps win Govt deals

Former Air Force engineer Warner Cowin talks potential for the Māori economy and how his military background has helped his clients score large Government contracts. What does your business do? Height works with engineering,... Source: [...]

By | May 13th, 2018|Categories: Business|0 Comments

Small and medium-sized NZ firms unprepared for cyber attacks: Experts

Small businesses lack cybersecurity knowledge and few have a backup plan in the event of an online attack.According to a survey by Spark Lab, almost 70 per cent of New Zealand SMEs have no crisis [...]

By | May 13th, 2018|Categories: Business|0 Comments

Nestle won't dent a2 Milk's China prospects – Harbour Asset Management

Nestle's incursion into the A1-free beta protein infant formula market in China is unlikely to damage NZX-listed a2 Milk Co's prospects there, Harbour Asset Management senior analyst Oyvinn Rimer said.In a research note written... Source: [...]

By | May 13th, 2018|Categories: Business|0 Comments

$3 million sections selling in Queenstown

Squillionaires looking to splash the cash in a new exclusive Queenstown development better get in quick.Five of 12 sections – each priced at a staggering $3 million – have sold at Homestead Bay, south of [...]

By | May 13th, 2018|Categories: Business|0 Comments

Nigerian woman kicked off United flight after white man complained she was 'pungent': lawsuit

An African woman and her children were kicked off a United Airlines flight after a fellow passenger complained that she had a "pungent" odour, according to a racial discrimination lawsuit filed against the company in [...]

By | May 13th, 2018|Categories: Business|0 Comments

Trump: Congress should get spending bills done before break

WASHINGTON (AP) — President Donald Trump is urging the Senate to get its work done on funding before the August break, "or NOT GO HOME."The president tweeted Saturday that "Wall and Border Security should be [...]

By | May 12th, 2018|Categories: Business|0 Comments

Tesla with Autopilot slams into truck stopped at red light

A Tesla sedan with a semi-autonomous Autopilot feature has rear-ended a fire department truck at 97 kph apparently without braking before impact, but police say it's unknown if the Autopilot feature was engaged.The cause of [...]

By | May 12th, 2018|Categories: Business|0 Comments

Cannes: Chastain's female-led spy film sells to Universal

CANNES, France (AP) — In one of the biggest sales of the Cannes Film Festival, Universal Pictures has acquired the female-led spy thriller "355," which Jessica Chastain has promoted as an antidote to male-centered action [...]

By | May 12th, 2018|Categories: Business|0 Comments

Liam Dann: Brace yourself for petrol at $3 a litre

Never mind the local politics – regional fuel taxes and price inquiries - we're about to get a shock at the petrol pump.Oil prices spiked to their highest level since 2014 last week as US [...]

By | May 12th, 2018|Categories: Business|0 Comments

Supermarket counting down to NZ's first 'plastic-free aisle'

It'll soon be easier to shop guilt-free as Countdown moves to introduce New Zealand's first plastic-free aisle. The supermarket chain is looking to follow the lead of a chain in the Netherlands, Ekoplaza, which opened [...]

By | May 12th, 2018|Categories: Business|0 Comments

Diana Clement: Getting pet insurance

I've just spent $1443.38 on my cat at the local veterinary surgery. While that sounds horrific, pet insurance would have cost me between $1989 and $7953 for my cat over a decade. I put money [...]

By | May 12th, 2018|Categories: Business|0 Comments

Seniors confront an unwanted late-life pest: Bullies

SAN FRANCISCO (AP) — The unwanted were turned away from cafeteria tables. Fistfights broke out at karaoke. Dances became breeding grounds for gossip and cruelty.It became clear this place had a bullying problem on its [...]

By | May 12th, 2018|Categories: Business|0 Comments

Trump's prescription to reduce drug prices takes small steps

WASHINGTON (AP) — President Donald Trump's long-promised plan to bring down drug prices would mostly spare the pharmaceutical industry he previously accused of "getting away with murder." Instead he focuses on private competition... Source: NZ [...]

By | May 12th, 2018|Categories: Business|0 Comments

Trump wants negotiations with California on auto gas mileage

WASHINGTON (AP) — Addressing a key concern for manufacturers, President Donald Trump has instructed his administration to explore negotiations with California on achieving a single fuel economy standard for the nation during a meeting... Source: [...]

By | May 12th, 2018|Categories: Business|0 Comments

Despite oozing lava, officials say Hawaii is still open for business

Warnings that Hawaii's Kilauea volcano could shoot boulders and ash out of its summit crater are prompting people to rethink their plans to visit the Big Island.But most of the rest of the island is [...]

By | May 12th, 2018|Categories: Business|0 Comments

Kiwi Ross McEwan hints he plans to stay chief of Royal Bank of Scotland

Royal Bank of Scotland chief Ross McEwan has hinted he plans to stay at the helm of the banking giant despite fevered speculation he could leave with the state-controlled lender's turnaround gathering pace.The New Zealand [...]

By | May 12th, 2018|Categories: Business|0 Comments

Goldman Sachs and Apple could launch joint credit card in a bid to challenge high street banks

Apple is working with Goldman Sachs on a credit card that will carry the iPhone maker's digital wallet logo.The card will replace a rewards-card Apple currently has with Barclays and is likely to be tied [...]

By | May 12th, 2018|Categories: Business|0 Comments

California governor pitches robust budget as revenues surge

SACRAMENTO, Calif. (AP) — Gov. Jerry Brown proposed a $137.6 billion general fund budget for California Friday amid surging revenues, kicking off his last round of negotiations with Democratic legislative leaders.Brown's latest... Source: NZ Herald [...]

By | May 11th, 2018|Categories: Business|0 Comments

Elon Musk says LA-area test tunnel almost complete

HAWTHORNE, Calif. (AP) — Billionaire Elon Musk says he's almost completed a tunnel under a Los Angeles suburb to test a transportation system that would scoot commuters underground on electric sleds.Musk tweeted Thursday that, pending... [...]

By | May 11th, 2018|Categories: Business|0 Comments

Cyberattack on Tennessee election website preceded outage

An intentional cyberattack and suspicious activity by foreign computers preceded the crash of a website that was reporting results in a Tennessee county's primary elections, a cyber-security firm said Friday.The Knox County elections... Source: NZ [...]

By | May 11th, 2018|Categories: Business|0 Comments

Foxconn sets groundbreaking ceremony for Wisconsin facility

MADISON, Wis. (AP) — Foxconn Technology Group plans to officially break ground for its southeastern Wisconsin manufacturing complex next month.The Taiwanese electronics giant plans to build a $10 billion flat-screen manufacturing... Source: NZ Herald Business [...]

By | May 11th, 2018|Categories: Business|0 Comments

All Black great, rescue pilot and now a new player in tourism

Sitting in booth 1059 at this week's Trenz tourism extravaganza in Dunedin is a recent recruit to the industry - Richie McCaw.His company's site is among the attractions Canterbury has to offer almost 400 buyers [...]

By | May 11th, 2018|Categories: Business|0 Comments

Scammers using text messages to target ASB customers

Customers of one of New Zealand's largest banks have been targeted by a text message scam asking for personal details including their netcode.ASB said it had been made aware of a SMS scam, known as [...]

By | May 11th, 2018|Categories: Business|0 Comments

Boss accused of hiring Black Power to threaten staff has fines slashed

A judge has slashed the fine for an Auckland clothing company boss who arranged for two former workers to be threatened during a wage fight.In January, Hillsborough's Chirag Ahuja was ordered to pay $20,000 by [...]

By | May 11th, 2018|Categories: Business|0 Comments

NZX 50 charts record highs, led by Ryman, F&P Healthcare

New Zealand's benchmark stock index rose to a fresh record, led by retirement village operator Ryman Healthcare and Fisher & Paykel Healthcare Corp, while Pushpay fell.The S&P/NZX 50 Index gained 28.97 points, or 0.5 per [...]

By | May 11th, 2018|Categories: Business|0 Comments

Auckland agent guilty of disgraceful conduct after sleeping at house set up for auction

An Auckland real estate salesman busted spending the night at an apartment set for auction the next day has been found guilty of disgraceful conduct."Do I just grab my stuff and run," he texted his [...]

By | May 11th, 2018|Categories: Business|0 Comments

Retail magnates the Normans increase stake in 'bland' underperforming The Warehouse

James Pascoe Group owners Anne and David Norman have lifted their stake in The Warehouse but analysts say it does not signal a takeover attempt - at least not yet.The couple has bought 265,539 shares [...]

By | May 11th, 2018|Categories: Business|0 Comments

US government ran a $214.3 billion surplus in April

WASHINGTON (AP) — The federal government swung to a surplus of $214.3 billion in April, primarily reflecting the revenue from that month's annual tax filing deadline.The Treasury Department reported Thursday that last month's surplus... Source: [...]

By | May 10th, 2018|Categories: Business|0 Comments

Waitangi Trust land could be available for resort

A shortage of up-market accommodation in the Bay of Islands has piqued the Waitangi National Trust's interest in the hotel business.The trust has put the word out it would like a luxury, sympathetically designed hotel [...]

By | May 10th, 2018|Categories: Business|0 Comments

Teamsters leaders facing probe for accepting gifts

ORLANDO, Fla. (AP) — An independent investigator has notched up his probe into whether top Teamsters leaders accepted undisclosed gifts from a business that brokered health benefits for the union.The investigative officer applied... Source: NZ [...]

By | May 10th, 2018|Categories: Business|0 Comments

Quenching a thirst? Investing in water-related funds

As natural resources go, oil tends to get more attention from investors than clean drinking water, even against the backdrop of headline-grabbing shortages in Flint, Michigan, South Africa and elsewhere.But a few funds are showing... [...]

By | May 10th, 2018|Categories: Business|0 Comments

Marley's granddaughter wants accountability for police stop

NEW YORK (AP) — The granddaughter of Bob Marley and her two friends say they want police and a neighbor held accountable regarding a burglary that was reported when they were leaving a California rental [...]

By | May 10th, 2018|Categories: Business|0 Comments

Flying our way – where airline growth to NZ is coming from

Auckland Airport chiefs say they are in a period of airline consolidation after the rapid expansion of the past two years.Since 2016, seven new airlines and 14 new routes have begun operating through the country's [...]

By | May 10th, 2018|Categories: Business|0 Comments

UniCredit profits up 22 percent, best 1Q in a decade

MILAN (AP) — Italy's largest bank by assets, UniCredit, has reported its best first quarter in more than a decade, with net profits up 22 percent to 1.1 billion euros ($1.3 billion).Unicredit CEO Jean Pierre [...]

By | May 10th, 2018|Categories: Business|0 Comments

Matthew Hooton: Budget must show cultural change

After his Russian, Kazakhstani and North Korean diversions, Foreign Minister Winston Peters has finally delivered a compelling account of his foreign policy priorities.Every government's first responsibility is defence of the realm.... Source: NZ Herald Business [...]

By | May 10th, 2018|Categories: Business|0 Comments

NZX 50 hits record on outlook for low interest rates

New Zealand shares rose to a record high, led by Pushpay Holdings and Scales Corp, after the Reserve Bank affirmed plans to keep interest rates low. Mercury New Zealand and Fletcher Building weakened.The S&P/NZX 50 [...]

By | May 10th, 2018|Categories: Business|0 Comments

Aide to Iowa governor touts Apple deal, gets job at company

IOWA CITY, Iowa (AP) — A top aide to Gov. Kim Reynolds took a management job with tech giant Apple months after helping promote a $208 million incentive package for the company's planned Iowa data [...]

By | May 10th, 2018|Categories: Business|0 Comments

Watchdog agency signals less focus on student loan abuses

NEW YORK (AP) — The Trump administration is signaling that it intends to pull back on investigating potential abuses by companies in the $1.5 trillion student loan market.The Consumer Financial Protection Bureau is shuttering its... [...]

By | May 9th, 2018|Categories: Business|0 Comments

Lonely Planet CEO departs; reports of a possible sale

The wunderkind CEO of Lonely Planet has departed, the company confirmed Wednesday, amid reports that the travel brand and guidebook publisher is up for sale.Daniel Houghton "has stepped away from Lonely Planet to take on [...]

By | May 9th, 2018|Categories: Business|0 Comments

Mike Hosking: Time seems ripe to start lifting wages

Well over $2 billion worth of business, forecasts of $4.5b in a handful of years.A good piece of fruit selling at $3.50 in the Asian markets.PSA and its doom-laden forecasts nothing but a memory, a [...]

By | May 9th, 2018|Categories: Business|0 Comments

Simon Wilson: Business should be salivating over new light rail lines

The announcement that procurement would begin immediately for the light rail line connecting Māngere to the city centre was not a surprise. That procurement would also begin straight away for the northwest line, however, was... [...]

By | May 9th, 2018|Categories: Business|0 Comments

Trade links with Europe helps company import speedboats

PORTLAND, Maine (AP) — As many as 60 Finnish-built speedboats are being imported to the U.S. through Portland as Maine pushes to encourage trade with Europe and the North Atlantic.The Portland Press Herald reports shipping [...]

By | May 9th, 2018|Categories: Business|0 Comments

Scales to sell cold storage unit to US-based Emergent Cold

Scales Corp will sell its cold storage businesses to newly-incorporated US cold chain company Emergent Cold for $151.4 million as it shifts to a greater focus on pure agribusiness."We have identified our strengths as (1) [...]

By | May 9th, 2018|Categories: Business|0 Comments

EU urges China to create 'level playing field' for business

BEIJING (AP) — The European Union's representative to China is urging Beijing to create a "level playing field" for European businesses operating in the country, warning that failure to do so could affect foreign investment.Since... [...]

By | May 9th, 2018|Categories: Business|0 Comments

NZ shares mixed; Ryman, Metlifecare gain

New Zealand shares were mixed in light trading ahead of next week's major index reweighting, with gains led by the retirement sector and A2 Milk Co, while Heartland Bank and Fletcher Building dropped.The S&P/NZX50 Index [...]

By | May 9th, 2018|Categories: Business|0 Comments

Toyota reports improved quarterly profit despite incentives

TOKYO (AP) — Toyota Motor Corp. reported Wednesday its quarterly profit rose 21 percent as cost cuts and booming sales in some markets offset the toll from higher U.S. incentives.January-March profit at Toyota, which makes [...]

By | May 9th, 2018|Categories: Business|0 Comments

NYPD tests new tool that detects credit card skimmers

GAINESVILLE, Fla. (AP) — Patrick Traynor, a cybersecurity expert, was in New York in February working with police to help identify a way to detect credit card skimmers on ATMs when he got a financial [...]

By | May 9th, 2018|Categories: Business|0 Comments

UK foreign secretary attacks May customs proposal as 'crazy'

LONDON (AP) — British Foreign Secretary Boris Johnson has attacked Prime Minister Theresa May's plan for a customs partnership with the European Union after the U.K. leaves the bloc — the latest sign of dissent [...]

By | May 8th, 2018|Categories: Business|0 Comments

Serbia's finance minister Dusan Vujovic quitting post

BELGRADE, Serbia (AP) — Serbia's government says finance minister Dusan Vujovic is quitting his post for personal reasons.The office of Prime Minister Ana Brnabic said Tuesday that Vujovic has sent a letter informing her of [...]

By | May 8th, 2018|Categories: Business|0 Comments

Vote: Should voicemail be killed off?

Do you still leave voicemails?If you've shunned the practice and squirm at the thought of having to leave a message after the tone, you're not alone.Millennials might be known as the selfie generation, obsessed with [...]

By | May 8th, 2018|Categories: Business|0 Comments

Japanese drug maker Takeda to buy Ireland's Shire

TOKYO (AP) — Japanese drugmaker Takeda has agreed to buy Shire for 46 billion pounds ($62.4 billion) in cash and stock, one of the biggest deals ever in the pharmaceuticals industry, the companies said Tuesday.Takeda [...]

By | May 8th, 2018|Categories: Business|0 Comments

Fed's Powell: Rate hikes should not upend the global economy

WASHINGTON (AP) — Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman [...]

By | May 8th, 2018|Categories: Business|0 Comments

Comment: Why 'NZ-made' saga is so damaging for World

The rag trade is hard graft - just ask the string of Kiwi clothing shops who've failed in the last year.Many New Zealand retailers - from new entrants to the most experienced operators - have [...]

By | May 8th, 2018|Categories: Business|0 Comments

Worldwide freezing order placed on two Auckland businessmen and company

A worldwide freezing order has been placed on two Auckland businessmen and a company amid allegations of a fraud of more than $4.9 million.The order restrains defendant's Mujeeb Rahiman Mundath, Mohammed Hafiz and the company [...]

By | May 8th, 2018|Categories: Business|0 Comments

Shares rise as investors second guess index changes; Fletcher gains

New Zealand shares rose, joining a regional rally, as investors predict whether an upcoming MSCI index review will spur major activity next week. Fletcher Building, which could exit the index, gains, while new addition a2 [...]

By | May 8th, 2018|Categories: Business|0 Comments

Dollar holds near 4-month low ahead of Reserve Bank rate review

The New Zealand dollar held near a four-month low against the greenback as investors remain focused on Reserve Bank governor Adrian Orr's first monetary policy statement on Thursday.The kiwi was unchanged at 70.13 US cents [...]

By | May 8th, 2018|Categories: Business|0 Comments

China's exports rebound, trade surplus with US swells

HONG KONG (AP) — China's exports rebounded last month from a brief downturn while its politically sensitive trade surplus with the United States expanded, according to official data released Tuesday.Customs data showed that exports... Source: [...]

By | May 8th, 2018|Categories: Business|0 Comments

Puerto Rico details how $1.5B in federal funds will be used

SAN JUAN, Puerto Rico (AP) — Puerto Rico's governor has released a plan that outlines how his administration will use $1.5 billion in federal funds to help the U.S. territory recover from Hurricanes Irma and [...]

By | May 7th, 2018|Categories: Business|0 Comments

Ocean Resort Casino to open same day as Hard Rock

ATLANTIC CITY, N.J. (AP) — Atlantic City's Ocean Resort Casino says it will open on the same day as the Hard Rock casino.Bruce Deifik, who owns the former Revel casino, says the Ocean Resort will [...]

By | May 7th, 2018|Categories: Business|0 Comments

Legal secretary amasses $9M fortune, gives most to students

NEW YORK (AP) — A legal secretary who grew up in the Great Depression and quietly amassed over $9 million through decades of investments has donated most of it to needy students. The New York [...]

By | May 7th, 2018|Categories: Business|0 Comments

Brazil court tells Microsoft to ease data-sharing opt-out

SAO PAULO (AP) — A Brazilian federal court has ordered Microsoft to make it easier for users of its Windows 10 operating system to opt out of providing personal data to the software giant.Prosecutors in [...]

By | May 7th, 2018|Categories: Business|0 Comments

Takata recall holdouts in key locations

The U.S. Department of Transportation is urging vehicle owners in several states with defective Takata air bags to seek repairs immediately. The agency singled out Ford Rangers and Mazda B-Series trucks from 2006, which are [...]

By | May 7th, 2018|Categories: Business|0 Comments

Auckland Airport 'terminal with nine lives' going to get another one

Auckland Airport chief executive Adrian Littlewood says the domestic terminal has had ''more than the proverbial nine lives'' but is in for more renovations before a permanent replacement for jets is built in four to [...]

By | May 7th, 2018|Categories: Business|0 Comments

Asian markets rise, tracking Wall Street gains on job report

HONG KONG (AP) — Asian shares were mostly higher Monday following strong gains on Wall Street after the U.S. jobless rate hit an 18-year low, helping investors overlook unresolved trade tensions between Washington and Beijing.KEEPING... [...]

By | May 7th, 2018|Categories: Business|0 Comments

Port of Tauranga leads stockmarket higher

New Zealand shares gained, led higher by Gentrack Group and Port of Tauranga, with Westpac Banking Corp gaining on its first-half result.The S&P/NZX50 Index rose 38.57 points, or 0.5 per cent, to 8,587.94. Within the [...]

By | May 7th, 2018|Categories: Business|0 Comments

Woman left humiliated after cruel email from potential employer branded her 'irritating, chavvy'

A jobseeker is distraught after receiving a nasty email sent to her by a potential employer by mistake, reports news.com.au. Paige Bond, from Hampshire in the UK, recently applied for a box packaging role with [...]

By | May 7th, 2018|Categories: Business|0 Comments

Tradie gets home detention for not paying tax

An anonymous tip-off led to a Hamilton tradesman being sentenced to nine months' home detention for not paying nearly $240,000 in tax, says Inland Revenue.Uelese Young Yen was today sentenced on 29 charges relating to [...]

By | May 7th, 2018|Categories: Business|0 Comments

Elon Musk's SpaceX is using a dangerously powerful rocket technology

When Elon Musk and his team at SpaceX were looking to make their Falcon 9 rocket even more powerful, they came up with a creative idea — keep the propellant at super-cold temperatures to shrink [...]

By | May 6th, 2018|Categories: Business|0 Comments

Airbnb aims to make travel more accessible for the disabled

Srin Madipalli has traveled the world in his wheelchair. Now, as head of Airbnb's accessibility efforts, he wants to help many others do the same.Madipalli has spinal muscular atrophy, a rare disorder that affects nerve [...]

By | May 6th, 2018|Categories: Business|0 Comments

'Avengers: Infinity War' scores second best weekend 2 ever

LOS ANGELES (AP) — After breaking opening weekend records, "Avengers: Infinity War" continued to dominate in its second weekend in theaters, but alternative programming like the romantic comedy "Overboard" also found an audience in... Source: [...]

By | May 6th, 2018|Categories: Business|0 Comments

Lobster prices high, but dropping as summer approaches

PORTLAND, Maine (AP) — Lobster prices are high in the U.S. right now, but members of the industry expect them to come down soon as the Canadian catch creeps up and America's summer haul gets [...]

By | May 6th, 2018|Categories: Business|0 Comments

Families hoping for justice in suit over 1968 mine disaster

RICHMOND, Va. (AP) — Nearly half a century after an explosion tore through the Farmington No. 9 mine in West Virginia, the families of the 78 men who died there are still looking for justice.Many [...]

By | May 6th, 2018|Categories: Business|0 Comments

Carnival Cruise horror as water floods hallway

A woman traveling with her family on a Carnival Cruise Line ship said they had to spend the night on yoga mats on the floor of the spa room after a break in the liner's [...]

By | May 6th, 2018|Categories: Business|0 Comments

Fresh ideas are needed to fight a downturn

In Britain, growth has dropped to a negligible 0.1 per cent. There are clear signs that Germany is slowing down, and with it the whole of the eurozone. Only this week we learnt that growth [...]

By | May 6th, 2018|Categories: Business|0 Comments

Dispelling the myths about artificial intelligence

Dispelling some of the myths about artificial intelligence and the impact it may have on companies will be the focus of keynote speaker Josh Comrie at the PwC Herald Talks: Business & Bots event this [...]

By | May 6th, 2018|Categories: Business|0 Comments

Small Business: The snack company fuelling the big names in tennis – NZ Goodness

Richard King, founder of premium snack brand Moonbar, explains how a trip to Malaysia ended up with his company landing its first export market. What does your business do? NZ Goodness makes wholefood energy bars [...]

By | May 6th, 2018|Categories: Business|0 Comments

Dallas restaurant's gun regulation message draws NRA's ire

DALLAS (AP) — The National Rifle Association has tweeted at followers to avoid patronizing a Dallas restaurant that said it's donating a portion its proceeds this week to "organizations dedicated to implementing reasonable and effective... [...]

By | May 5th, 2018|Categories: Business|0 Comments

White House: China push on Taiwan is 'Orwellian nonsense'

CLEVELAND (AP) — The White House is condemning China's efforts to control how U.S. airlines refer to Taiwan, Hong Kong and Macao, saying the push to make them comply with Chinese standards is "Orwellian nonsense."Press [...]

By | May 5th, 2018|Categories: Business|0 Comments

UK info chief orders SCL to give professor his personal data

LONDON (AP) — Britain's Information Commissioner's Office is backing an American academic's effort to obtain his personal data from SCL Group, which includes Cambridge Analytica.The ICO said in a ruling posted Saturday that SCL... Source: [...]

By | May 5th, 2018|Categories: Business|0 Comments

Immigration Minister downplays KiwiBuild visas for illegal migrants but has post-Budget proposal for construction industry

Illegal overstayers with construction skills could be allowed stay in New Zealand to help build the 100,000 homes promised by the Government's flagship KiwiBuild project.The construction industry was already struggling to find an... Source: NZ [...]

By | May 5th, 2018|Categories: Business|0 Comments

New Zealand is balancing a mortgage debt time bomb. Will it blow?

Last week I wrote about the world's total debt hitting a record $230 trillion.That's a big pile of money. The rate at which it has been growing worries the International Monetary Fund – which tallied [...]

By | May 5th, 2018|Categories: Business|0 Comments

Iran president criticizes blocking of Telegram messaging app

TEHRAN, Iran (AP) — Iranian President Hassan Rouhani is criticizing the blocking of the popular Telegram messaging app in the Islamic Republic, saying those in his administration weren't the ones who shut off access.The app, [...]

By | May 5th, 2018|Categories: Business|0 Comments

Waymo self-driving car hit in collision on Arizona street

CHANDLER, Ariz. (AP) — Police in a Phoenix suburb are investigating a collision involving a self-driving vehicle owned by Waymo.Chandler Police say the incident happened Friday afternoon when a Honda sedan swerved to avoid hitting... [...]

By | May 5th, 2018|Categories: Business|0 Comments

Hard-line US demands on China raise stakes in trade talks

BEIJING (AP) — A list of hard-line demands that the Trump administration handed China this week could make it even more difficult to resolve a trade conflict between the world's two largest economies.That's the view [...]

By | May 5th, 2018|Categories: Business|0 Comments

Trump exit from Iran nuclear deal enters uncharted territory

WASHINGTON (AP) — It's not as simple as just saying "we're out" of the Iran nuclear deal.If President Donald Trump follows through on his threat to pull the U.S. out of the Iran nuclear deal [...]

By | May 5th, 2018|Categories: Business|0 Comments

3 top figures at Denver Post, including former owner, quit

DENVER (AP) — Three top figures at The Denver Post, including its former owner, resigned Friday amid budget and staff cuts made by the newspaper's New York-based hedge fund owners.Several Post reporters tweeted that Dean [...]

By | May 5th, 2018|Categories: Business|0 Comments

Recalls this week: mandoline slicers, children's cardigans

About 19,000 mandoline slicers are being recalled because small blades can separate from the plastic assembly, posing a laceration hazard. Some children's cardigans are also being recalled.Here's a more detailed look:MANDOLIN... Source: NZ Herald Business [...]

By | May 4th, 2018|Categories: Business|0 Comments

Google to verify identity of US political ad buyers

SAN FRANCISCO (AP) — Google says it will do a better job of verifying the identity of political ad buyers in the U.S. by requiring a government-issued ID and other key information.Google will also require [...]

By | May 4th, 2018|Categories: Business|0 Comments

Hotel rooms by the hour _ or the minute

SAN FRANCISCO (AP) — Many hotels are now offering short-term rooms.Through an app called Recharge, some 50 hotels in San Francisco and New York offer rooms by the minute. An hour can cost $120, which [...]

By | May 4th, 2018|Categories: Business|0 Comments

New Mexico gains 6 rigs as US rig count rises to 1,032

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 11 this week to 1,032.At this time a year ago there were 877 active rigs.Houston oilfield services [...]

By | May 4th, 2018|Categories: Business|0 Comments

EU chief: Don't judge Karl Marx for his followers' crimes

BERLIN (AP) — European Commission President Jean-Claude Juncker says German philosopher Karl Marx shouldn't be judged for the crimes that his followers committed decades after his death.Juncker spoke Friday at an event commemorating... Source: NZ [...]

By | May 4th, 2018|Categories: Business|0 Comments

BMW earnings push higher on sales of 5-Series, X1 SUV

FRANKFURT, Germany (AP) — German automaker BMW AG saw first-quarter net profit rise slightly from an already high level as sales of its 5-Series sedan and X1 sport-utility logged double-digit increases.Net profit rose 1.2 percent... [...]

By | May 4th, 2018|Categories: Business|0 Comments

New Zealander 1st ever 'Galaga' arcade game World Champion

WELLINGTON, New Zealand (AP) — Mastering a classic arcade game isn't a lucrative hobby, so some of the world's best players of "Galaga" were thrilled to get all-expenses-paid trips to New Mexico to compete in [...]

By | May 4th, 2018|Categories: Business|0 Comments

Airfare wars: Return to Rome for $999 on sale this weekend

Cut price airfares to Rome this weekend will drop to $999 and return economy to the Cook Islands will sell for $399.Flight Centre is offering the deals as part of a global sale which includes [...]

By | May 4th, 2018|Categories: Business|0 Comments

NZ shares mixed, A2 gains while Gentrack, Spark, bank stocks drop

New Zealand shares were mixed, with A2 Milk pulling the index up while Gentrack Group, Spark New Zealand and banking stocks dropped.The S&P/NZX 50 Index rose 2.49 points, or 0.03 per cent, to 8,549.37. Within [...]

By | May 4th, 2018|Categories: Business|0 Comments

Māori business leaders celebrated at awards night

New Zealand's top Māori business leaders have been celebrated at the 2018 University of Auckland Aotearoa Māori Business Leaders Awards ceremony tonight.Whale Watch Kaikōura general manager Kauahi Ngapora collected... Source: NZ Herald Business News

By | May 4th, 2018|Categories: Business|0 Comments

Stock Takes: Where will Warehouse restructure costs end?

WAREHOUSE RESTRUCTURE The Warehouse's restructure appears to be continuing apace with an executive reshuffling of the deck chairs announced this week.Group chief financial officer Mark Yeoman has expanded his role taking on the... Source: NZ [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Brian Fallow: Debt – don't dig deeper

The Government could have $140 billion more debt on its books than it does and still have a net debt-to-GDP ratio that was average for an advanced economy.And right now it can borrow at interest [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Gayford saga shows (anti) social media plays by different rules

This week's Herald story debunking false accusations levelled at Clarke Gayford revealed a worrying divide in the media landscape.Immediately after the story appeared, mainstream publications and some well-established blogs received... Source: NZ Herald Business News

By | May 3rd, 2018|Categories: Business|0 Comments

Keeping what's yours: Fund investing has never been cheaper

NEW YORK (AP) — Being cheap pays off when it comes to fund investing, and more investors are heeding the call.Investing is full of uncertainties, as the gyrations of the past few months attest, and [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Buffett's mortgage companies found to cater to white clients

Trident Mortgage Co. helps more families buy homes in Philadelphia and neighboring Camden, New Jersey, than any other company, but it primarily serves one demographic: white people.That is no coincidence. All of Trident's offices... Source: [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Dreamliner Rolls-Royce engine alert: What you need to know

Airlines around the world have been hit with fallout from problems with some Rolls-Royce engines on Dreamliners. Air New Zealand has had to cancel some flights, switch aircraft and reschedule others. What's caused the disruption [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Starship children's hospital gets $1m tech-focused refurbishment through ASB

ASB Bank and its customers have donated $1 million to Starship children's hospital to create a fun and engaging ED assessment and waiting area.Starship medical and community director Dr Mike Shepherd said the refurbishment was [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Asia shares mixed as markets mull Fed, China trade talks

HONG KONG (AP) — Asian shares were mixed on Thursday as investors analyzed the Fed's decision to keep interest rates unchanged and kept an eye out for developments from China-U.S. trade talks in Beijing.KEEPING SCORE: [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Former employee claims he is owed $22,000 from Crane Brothers founder Murray Crane

An employee who previously worked for Crane Brothers founder Murray Crane is pursuing the businessman for more than $22,000.Jordan Gibson, who was employed by 1949 Limited and holds a 10 per cent stake in that [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Mis-selling not a problem in NZ, says BNZ boss

New BNZ boss Angela Mentis says low numbers of complaints and the success of the Banking Ombudsman service are some of the reasons why she doesn't believe New Zealand needs a banking inquiry.Mentis, who took [...]

By | May 3rd, 2018|Categories: Business|0 Comments

Text of the Fed's statement after its meeting Wednesday

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended:Information received since the Federal Open Market Committee met in March indicates that the labor market has continued to strengthen... [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Fed keeps key rate steady but notes rising inflation

WASHINGTON (AP) — The Federal Reserve is keeping its benchmark interest rate unchanged but says that inflation is climbing after years of being stuck below the Fed's target level.The Fed on Wednesday left its key [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Federal Reserve keeps key interest rate unchanged but notes rising inflation

WASHINGTON (AP) — Federal Reserve keeps key interest rate unchanged but notes rising inflation. Source: NZ Herald Business News

By | May 2nd, 2018|Categories: Business|0 Comments

Texas freight train derailment knocks out power, no one hurt

FORT WORTH, Texas (AP) — A freight train has derailed in Fort Worth, knocking out power to the area.About 40 train cars were traveling north of downtown early Wednesday when the derailment occurred and about [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Bill requiring employers to offer paid sick time now law

TRENTON, N.J. (AP) — A bill requiring employers in the state to offer workers paid sick leave has successfully made it past New Jersey Gov. Phil Murphy's desk and into law.Murphy signed the legislation in [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Peppa Pig wins street cred, attracts censors in China

BEIJING (AP) — A cherubic British cartoon character has become an unlikely target of China's censors as online fans use her porcine likeness in sardonic memes and "gangster" catchphrases.Peppa Pig, the star of an animated [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Artificial Intelligence could boost NZ economy up to $53b, says report

Artificial intelligence could improve the country's GDP by up to $53 billion before 2035 but there needs to be more education around the technology, says a new report.Artificial Intelligence, Shaping a Future New Zealand was [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Kiwi banks must show they are different to Aussie: Robertson

New Zealand banks have an obligation to show they're different from their scandal-ridden counterparts in Australia, says Finance Minister Grant Robertson. Robertson said this afternoon that the Government was "watching very closely... Source: NZ Herald [...]

By | May 2nd, 2018|Categories: Business|0 Comments

Bill Gates snubbed Donald Trump's White House job offer as 'not good use of my time

Microsoft founder Bill Gates declined an offer to serve as Donald Trump's science advisor, telling the US President the role was "not a good use of my time".In a new interview, Gates disclosed that Trump [...]

By | May 2nd, 2018|Categories: Business|0 Comments

NZ shares up as A2 leads index

New Zealand shares gained, with Gentrack Group hitting a record and electricity companies Mercury New Zealand and Contact Energy gaining.The S&P/NZX 50 Index rose 58.27 points, or 0.7 per cent, to 8,494.24. Within the index, [...]

By | May 2nd, 2018|Categories: Business|0 Comments

West Virginia reaches $2.65M settlement with Volkswagen

CHARLESTON, W.Va. (AP) — West Virginia has reached a $2.65 million settlement with Volkswagen AG and two of its affiliates in a lawsuit over the automaker's emissions-rigging scandal.Attorney General Patrick Morrisey announced the... Source: NZ [...]

By | May 1st, 2018|Categories: Business|0 Comments

L3 Technologies: 1Q Earnings Snapshot

NEW YORK (AP) — L3 Technologies Inc. (LLL) on Tuesday reported first-quarter earnings of $203 million.On a per-share basis, the New York-based company said it had profit of $2.54. Earnings, adjusted to account for discontinued [...]

By | May 1st, 2018|Categories: Business|0 Comments

The Latest: Brown pledges fierce fight on vehicle emissions

SACRAMENTO, Calif. (AP) — The Latest on a California lawsuit over vehicle emissions standards (all times local):10:30 a.m.California Gov. Jerry Brown says the state's conflict with the Trump administration is "sharpening."Brown... Source: NZ Herald Business [...]

By | May 1st, 2018|Categories: Business|0 Comments

The Latest: Facebook CEO announces way to clear history

SAN JOSE, Calif. (AP) — The Latest on Facebook's developer conference (all times local):10:50 a.m.Facebook CEO Mark Zuckerberg says the company is working on a feature that allows users to clear their browsing history from [...]

By | May 1st, 2018|Categories: Business|0 Comments

At the site of a massacre, a survivor looks for peace

NASHVILLE, Tenn. (AP) — He felt like an invisible force was drawing him into the parking lot, past the four new white crosses in the driveway, the balloons and the flowers, and the letters addressed [...]

By | May 1st, 2018|Categories: Business|0 Comments

Tokyo stocks higher in quiet Labor Day trading

SEOUL, South Korea (AP) — Shares were higher in Japan and Australia on Tuesday while most other major Asian markets were closed for public holidays. The White House's announcement that it would postpone a decision [...]

By | May 1st, 2018|Categories: Business|0 Comments

Germany expects permanent EU exemption from US tariffs

BERLIN (AP) — Germany says it is aware of the U.S. postponement of a decision on imposing tariffs on imports of steel and aluminum from the European Union for 30 days, but continues to expect [...]

By | May 1st, 2018|Categories: Business|0 Comments

Takata airbags in Australia being recalled after being 'fixed'

Australian woman Jane Toakley is a model "recall citizen". She should be, she's had a lot of experience.Her 2011 Corolla Hatch has been the subject of three recalls in the past two years. In July [...]

By | May 1st, 2018|Categories: Business|0 Comments

New report lines up Fonterra beside local competitors

A new dairy industry report says for the first time Fonterra's financial performance can be benchmarked against its growing New Zealand competitors – and it claims the big dairy company has been found wanting.A review [...]

By | May 1st, 2018|Categories: Business|0 Comments

NZ shares dip; Kiwi Property, Fletcher drop

New Zealand shares fell slightly, despite a gain in energy stocks and ANZ Bank New Zealand rising on its first-half earnings.The S&P/NZX50 Index dipped 7.61 points, or 0.09 per cent, to 8,435.97. Within the index, [...]

By | May 1st, 2018|Categories: Business|0 Comments

Inspectors: Filter blew off apparatus before plant explosion

MADISON, Wis. (AP) — Federal safety inspectors say an air filter blew off a corn grinding device shortly before a deadly explosion demolished a southern Wisconsin corn mill last summer.Officials with the U.S. Chemical Safety [...]

By | April 30th, 2018|Categories: Business|0 Comments

Government announces further tax for Kiwis buying low-value goods online

The Government is set to announce further measures today to collect 15 per cent GST on low-value goods bought by Kiwis online from overseas, a so-called "Amazon tax."The tax will be on anything under $400. [...]

By | April 30th, 2018|Categories: Business|0 Comments

Comment: No business too small to treat people with dignity

New Zealand is a funny old place. We're good at laughing at ourselves and our occasionally cringe-worthy "small country syndrome". At the same time, we're proud of our outstanding achievements on the sports field, and [...]

By | April 30th, 2018|Categories: Business|0 Comments

NZ needs to avoid potholes in China's Belt and Road Initiative

New Zealand's preferential position in the Chinese market is at risk unless we actively pursue our place in its epic Belt and Road Initiative, says a report by PWC.Commissioned by the New Zealand China Council, [...]

By | April 30th, 2018|Categories: Business|0 Comments

Editorial: Government has a chance to think bigger

As spending pressures mount on the Government, calls to relax its pre-election promises around fiscal responsibility are growing.Specifically, questions are being asked about the need to keep pushing down Crown debt levels.National... Source: NZ Herald [...]

By | April 30th, 2018|Categories: Business|0 Comments

Sainsbury's agrees to buy Walmart Inc.'s British unit Asda for 7.3 billion pounds ($10.1 billion) in cash and stock

LONDON (AP) — Sainsbury's agrees to buy Walmart Inc.'s British unit Asda for 7.3 billion pounds ($10.1 billion) in cash and stock. Source: NZ Herald Business News

By | April 30th, 2018|Categories: Business|0 Comments

Gagged ex-director takes Fonterra board to court

Gagged former Fonterra director Leonie Guiney has filed defamation proceedings against the Fonterra board of directors but is not seeking damages, says her lawyer.Instead Guiney will seek a declaration vindicating her name and... Source: NZ [...]

By | April 30th, 2018|Categories: Business|0 Comments

Revelations about BP petrol prices give more impetus for law changes, Jacinda Ardern says

New Zealanders are right to feel they are being unfairly treated after revelations about how BP sets its petrol prices, Prime Minister Jacinda Ardern says."Certainly what's been revealed today probably wouldn't surprise some motorists,"... Source: [...]

By | April 30th, 2018|Categories: Business|0 Comments

New Zealand shares rally across the board

New Zealand shares rallied across the board, with Mercury New Zealand and Kiwi Property Group leading the index while Scales Corp and Comvita dropped.The S&P/NZX 50 Index gained 73.21 points, or 0.9 per cent, to [...]

By | April 30th, 2018|Categories: Business|0 Comments

New Zealand dollar steady as traders await US Fed meeting

The New Zealand dollar stuck to a tight range in thin trading with Japan on holiday but traders expect the market will pick up as US data rolls out and the Federal Reserve meets this [...]

By | April 30th, 2018|Categories: Business|0 Comments

Libya officials say 3 killed in plane crash near oil field

BENGHAZI, Libya (AP) — Libya's oil agency says a transport plane has crashed just outside one of the country's largest oil fields, killing three crew members.A statement by the National Oil Corporation said Sunday one [...]

By | April 29th, 2018|Categories: Business|0 Comments

Small Business: Ice cream from coconuts instead of cows – WaHiki Ice Cream

Haman Shahpari, co-founder of niche "healthy" ice cream brand WaHiki Creamery, talks creating a unique product and selling into a crowded market. What does your business do? We're an Epsom-based ice cream company called WaHiki... [...]

By | April 29th, 2018|Categories: Business|0 Comments

Banks face flat half-year profits

Half-year profits at three of New Zealand's major banks are expected to be flat on the back of a slowing housing market and a squeeze in margins.ANZ, the country's largest bank, is due to report [...]

By | April 29th, 2018|Categories: Business|0 Comments

Sprint and T-Mobile agree to combine in all-stock deal

NEW YORK (AP) — T-Mobile and Sprint announced an agreement Sunday to combine into a new company, a deal that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers.The big [...]

By | April 29th, 2018|Categories: Business|0 Comments

Sprint and T-Mobile are trying again to combine in a deal that would reshape the US wireless landscape

NEW YORK (AP) — Sprint and T-Mobile are trying again to combine in a deal that would reshape the US wireless landscape. Source: NZ Herald Business News

By | April 29th, 2018|Categories: Business|0 Comments

New mum Rhian Allen sold her house and quit her A$250,000 job and to take the ultimate gamble

Eight years ago, Rhian Allen decided to quit her A$250,000-a-year (NZ$267,000) corporate gig, sell her A$1.1 million Surry Hills home in Sydney and pour all the money into starting a health and fitness brand aimed [...]

By | April 29th, 2018|Categories: Business|0 Comments

New Zealand and Australian airlines gather forces to take on Kiwi airports over prices

A transtasman airline lobby group will turn up the heat on airports this week, meeting with the Government and officials to push for new ways of setting prices.Airlines for Australia and New Zealand (A4ANZ) is [...]

By | April 29th, 2018|Categories: Business|0 Comments

Air New Zealand Dreamliner disruption will stretch into spring

Disruption from Air New Zealand's Dreamliner engine problems will be felt through winter and into spring.In the airline's updated travel alert, aircraft changes are listed through to October 26, with Boeing 787 Dreamliners swapped... Source: [...]

By | April 29th, 2018|Categories: Business|0 Comments

Mark Lister: The truth about Chinese economic growth

Trying to get a handle on what's really happening in the Chinese economy has always been difficult, given how opaque it is. The official statistics are only somewhat useful, as the authorities simply tell us [...]

By | April 29th, 2018|Categories: Business|0 Comments

Mid-level banker slammed for sending brutal email to overworked employees

In case you missed it: This was one of NZ Herald's top stories this week. A company is under fire after a mid-level banker sent a late-night email to staff members berating them for not [...]

By | April 29th, 2018|Categories: Business|0 Comments

Should the Government relax its debt target to build more?

Wow. We are collectively in debt to the tune of $230 trillion. Not you or me specifically - nor New Zealanders or millennials or baby boomers. That's the total of how much debt we, humans [...]

By | April 28th, 2018|Categories: Business|0 Comments

Greece approves 1.2 billion-euro US deal for F-16 fighters

ATHENS, Greece (AP) — A panel of senior Greek government and military officials has approved a 1.2-billion-euro ($1.45 billion) deal to upgrade more than half of the country's American-made F-16 fighter planes.Officials say the... Source: [...]

By | April 28th, 2018|Categories: Business|0 Comments

AP Exclusive: Water delivery suspended in Nevada mine battle

RENO, Nev. (AP) — It was an uncharacteristically urgent demand at a U.S. Superfund site where the cleanup of an abandoned World War II-era mine has dragged on for two decades and progress is measured, [...]

By | April 28th, 2018|Categories: Business|0 Comments

Azerbaijan: High-rise planned as Trump hotel catches fire

BAKU, Azerbaijan (AP) — A high-rise building in Azerbaijan's capital that once was intended to be a Trump-branded hotel caught fire Saturday, but the flames were put out and no injuries were reported.The 33-story building [...]

By | April 28th, 2018|Categories: Business|0 Comments

British grocer Sainsbury's in merger talks with Walmart unit

LONDON (AP) — Sainsbury's, the U.K.'s second-biggest grocery chain, said Saturday it is in advanced discussions about a merger with Walmart Inc.'s British unit, Asda, as retailers adjust to swiftly changing shopping habits.The combination... Source: [...]

By | April 28th, 2018|Categories: Business|0 Comments

Philippines latest foreign country to book Trump's DC hotel

WASHINGTON (AP) — First came Kuwait. Then Saudi Arabia and Turkey. Now it's the Philippines' turn.It is the latest foreign government to book rooms or host events at the Trump International Hotel in Washington D.C., [...]

By | April 28th, 2018|Categories: Business|0 Comments

DNA search for California serial killer led to wrong man

SACRAMENTO, Calif. (AP) — Investigators hunting for the so-called Golden State Killer turned to searching genetic websites in 2017 but misidentified an Oregon man as a potential suspect. A year later, after using a similar [...]

By | April 28th, 2018|Categories: Business|0 Comments

EPA chief Pruitt's condo deal under scrutiny

WASHINGTON (AP) — The Environmental Protection Agency is opening internal investigations into Scott Pruitt's $50-a-night condo deal with a lobbyist and other recent allegations, adding to about a dozen federal probes involving the... Source: NZ [...]

By | April 28th, 2018|Categories: Business|0 Comments

Facebook admits it didn't read the terms and conditions for the app behind Cambridge Analytica

Facebook told British lawmakers on Thursday that it never read the terms and conditions for an app that ultimately allowed Cambridge Analytica to access 87 million users' names, "likes" and other personal information.The admission... Source: [...]

By | April 28th, 2018|Categories: Business|0 Comments

Singapore PM: ASEAN growing closer to China and India

SINGAPORE (AP) — Southeast Asian countries will work more closely with new powers China and India to counter the pressure of protectionism and ensure continued growth, Singapore prime minister said Saturday.Addressing the summit... Source: NZ [...]

By | April 28th, 2018|Categories: Business|0 Comments

Oklahoma gains 6 rigs as US rig count rises to 1,021

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 1,021.At this time a year ago there were 870 active rigs.Houston oilfield services [...]

By | April 27th, 2018|Categories: Business|0 Comments

Brazil jobless rate increases to 13.1 pct

SAO PAULO (AP) — Brazil's government says the country's unemployment rate for the January-March period was at 13.1 percent, 1.3 percent higher than in the previous quarter.The country's IBGE statistics bureau said Friday that that... [...]

By | April 27th, 2018|Categories: Business|0 Comments

The future of flight: Higher fares on the way

Airfares for business travellers crept up steadily during the past year and are forecast to climb again this year, shows a report done for the travel industry.Research for Flight Centre's corporate travel arm, FCM, reveals [...]

By | April 27th, 2018|Categories: Business|0 Comments

Housing New Zealand worker's suspected suicide after alleged bullying not notified to WorkSafe for six months

A government employee died in a suspected suicide just ten days after complaining to management he was the victim of sustained, unresolved workplace bullying.However, the Housing New Zealand staff member's death was not notified... Source: [...]

By | April 27th, 2018|Categories: Business|0 Comments

Fran O'Sullivan: Digital sales open a door to Chinese consumers

The most important thing on Alibaba CEO Daniel Zhang's plate is to "think about the future — not only about today".While legendary founder Jack Ma waves Alibaba's flag around the globe, Zhang spends his time [...]

By | April 27th, 2018|Categories: Business|0 Comments

Daimler earnings slip on one-time factors, sales edge higher

FRANKFURT, Germany (AP) — Daimler AG, maker of Mercedes-Benz luxury cars, saw its first-quarter net profit fall 11 percent from the same quarter a year ago, when the company had one-time gains from the sale [...]

By | April 27th, 2018|Categories: Business|0 Comments

NZ shares up 1%, led by Fisher & Paykel, Kathmandu, Spark

New Zealand shares gained, led by Fisher & Paykel Healthcare Corp and Kathmandu in broad-based buying.The S&P/NZX50 Index rose 88.32 points, or 1 per cent, to 8,370.37. Within the index, 39 stocks rose, seven fell [...]

By | April 27th, 2018|Categories: Business|0 Comments

Use of DNA in serial killer probe sparks privacy concerns

SACRAMENTO, Calif. (AP) — Investigators who used a genealogical website to find the ex-policeman they believe is a shadowy serial killer and rapist who terrified California decades ago call the technique ground-breaking.But others... Source: NZ [...]

By | April 27th, 2018|Categories: Business|0 Comments

Dollar heads for 2% decline as resurgent US yields stoke greenback demand

The New Zealand dollar is heading for a 2 per cent drop against the greenback this week as rising yields on US bonds and the prospect for US interest rates to go even higher spurs [...]

By | April 27th, 2018|Categories: Business|0 Comments

Smoke from Wisconsin refinery explosion poses health risk

An explosion and asphalt fire at a Wisconsin oil refinery sent huge plumes of smoke into the air that pollution experts said almost certainly contained large amounts of toxins, posing a serious health risk to [...]

By | April 27th, 2018|Categories: Business|0 Comments

10 big ideas from the Productivity Commission for reaching our carbon goals

1. Boiled down, New Zealand can reach net-zero carbon emissions by 2050 from driving hard on two simple goals:a) convert the transport fleet to electricity quickly, followed by industrial heat; andb) plant trees at a [...]

By | April 26th, 2018|Categories: Business|0 Comments

Union Pacific railroad's 1Q profit climbs 22 percent

OMAHA, Neb. (AP) — Union Pacific Corp.'s first-quarter earnings chugged ahead 22 percent as the railroad hauled 2 percent more freight and increased its prices.The Omaha, Nebraska-based railroad said Thursday it earned $1.31 billion,... Source: [...]

By | April 26th, 2018|Categories: Business|0 Comments

Brian Fallow: Cut carbon emissions? Yes we can

The Government should be pretty happy with the Productivity Commission's draft report, released today, on the transition to a low-carbon economy.The commission concludes that a long-term target of net zero emissions of greenhouse... Source: NZ [...]

By | April 26th, 2018|Categories: Business|0 Comments

The Latest: MGM, Wynn tamp down Boston casino intrigue

BOSTON (AP) — The Latest on MGM's plans to open a casino in Massachusetts (all times local):1 p.m.Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area [...]

By | April 26th, 2018|Categories: Business|0 Comments

The Latest: 11 hurt in explosion at Wisconsin refinery

SUPERIOR, Wis. (AP) — The Latest on a Wisconsin refinery explosion that injured several people (all times local):12:55 p.m.The number of people injured in a refinery explosion in Wisconsin has grown to at least 11.Essentia [...]

By | April 26th, 2018|Categories: Business|0 Comments

Deutsche Bank ekes out profit, refocuses investment bank

FRANKFURT, Germany (AP) — Deutsche Bank reports that its profit fell to 120 million euros ($146 million) in the first quarter as exchange rates and lower revenues at its investment bank weighed on profits.The bank, [...]

By | April 26th, 2018|Categories: Business|0 Comments

NZ shares dip despite Tegel's 37% jump

New Zealand shares dipped with Westpac Banking Corp and Australia & New Zealand Banking Group down as the banking scandal across the Tasman deepens, while Tegel Group surged on a planned takeover offer.The S&P/NZX50 Index [...]

By | April 26th, 2018|Categories: Business|0 Comments

Timber King, NZ Steel Distributor ordered to pay $401k over steel mesh misrepresentations

Related building products companies Timber King and NZ Steel Distributor have been fined $400,950 after pleading guilty to making false and misleading representations about their steel mesh products used to strengthen buildings. Judge... Source: NZ [...]

By | April 26th, 2018|Categories: Business|0 Comments

Dollar holds near 3 1/2-month low on higher US bond yields

The New Zealand dollar held near a 3 1/2-month low as rising US bond yields underpinned demand for the greenback, reducing the allure of the kiwi, and ahead of the European Central Bank's latest policy [...]

By | April 26th, 2018|Categories: Business|0 Comments

European Central Bank head to sift mixed signs on economy

FRANKFURT, Germany (AP) — Investors are waiting to hear what the European Central Bank's president, Mario Draghi, makes of recent conflicting data about where Europe's economy is headed.Draghi holds a news conference Thursday after... Source: [...]

By | April 26th, 2018|Categories: Business|0 Comments

Twitter posts second profit, Wall Street doesn't flinch

Twitter has remained largely outside of the crosshairs of Congress over the privacy issues that have tripped up Facebook, but it continues to face its own, unique challenges.The company is wrestling with abuse on its [...]

By | April 25th, 2018|Categories: Business|0 Comments

Alexa, make my kid polite: Echo to get child-friendly update

NEW YORK (AP) — Alexa's new missions: encourage kids to ask questions more politely, and get them to bed on time.The voice assistant that lives inside Amazon's Echo speakers will soon thank kids for shouting [...]

By | April 25th, 2018|Categories: Business|0 Comments

Your old power pole may kill you but who pays to fix it?

Ageing, rotting and rusting power poles on private urban and rural properties are dangerous and the risk of people being electrocuted or hit by falling poles is growing every year, electricity distributors are warning.The Electricity... [...]

By | April 25th, 2018|Categories: Business|0 Comments

Time for business to embrace artificial intelligence

Kiwi businesses need to get on board with artificial intelligence - despite mass adoption of the technology being years away.AI is expected to increase productivity and skilled workforce, according to a leading national report commissioned... [...]

By | April 25th, 2018|Categories: Business|0 Comments

World Cup claimed to boost Russia's economy by nearly $31B

MOSCOW (AP) — This summer's World Cup could have a total impact on the Russian economy of nearly $31 billion, organizers predicted Wednesday.A new report on the economic impact of the tournament said the boost [...]

By | April 25th, 2018|Categories: Business|0 Comments

EPA security chief also worked for owner of tabloid company

WASHINGTON (AP) — The security chief for the head of the Environmental Protection Agency worked on the side as a private investigator for the owner of a tabloid news company with close ties to President [...]

By | April 25th, 2018|Categories: Business|0 Comments

Virgin America brand to vanish overnight

It's one of the world's most-loved airlines but it's about to vanish forever.Consistently credited as being one of the US's favourite airlines, Virgin America is set to take its final flight today before it is [...]

By | April 25th, 2018|Categories: Business|0 Comments

Cooking the Books podcast: Why a simple savings account is the key to money happiness

Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why saving even a little bit could change your relationship with money. Hosted by Frances Cook. [...]

By | April 25th, 2018|Categories: Business|0 Comments

Shareholders' leader: Fonterra's future in farmer-owners' hands now

The future of Fonterra as a farmer-owned heavyweight is at a critical point, says shareholders' leader Duncan Coull.In a frank interview with the Herald , the Fonterra Shareholders' Council chairman said with national milk growth... [...]

By | April 25th, 2018|Categories: Business|0 Comments

Banks should be doing more: Retirement Commissioner

Banks should be doing more to improve the financial health of New Zealanders, says the head of the Government's money education arm.Last week, ANZ released a report on the Financial Wellbeing of New Zealanders which [...]

By | April 25th, 2018|Categories: Business|0 Comments

MPAA head says theaters will survive rise of streaming sites

LAS VEGAS (AP) — The new chairman and CEO of the Motion Picture Association of America says he is optimistic about the movie and theatrical exhibition business.Rivkin and John Fithian, the president and CEO of [...]

By | April 24th, 2018|Categories: Business|0 Comments

Lawyers wrap up case blaming pork giant for ghastly smells

RALEIGH, N.C. (AP) — Jurors in North Carolina are getting a round-up of testimony in a lawsuit filed by more than 500 neighbors of an industrial-scale swine operation.The plaintiffs contend that open-air cesspools inflict them [...]

By | April 24th, 2018|Categories: Business|0 Comments

Alaska Airlines tightens emotional support animal policy

ANCHORAGE, Alaska (AP) — Alaska Airlines has updated its policy on emotional support animals.Starting May 1, customers flying with psychiatric service animals must provide animal health and behavioral documents and a signed document... Source: NZ [...]

By | April 24th, 2018|Categories: Business|0 Comments

Juha Saarinen: Security flaw alleged in Census website

Despite official assurances that New Zealanders' sensitive personal information given to the mandatory Census 2018 is safe and secure, researchers say they have found a critical flaw in how Statistics NZ set up its website.This... [...]

By | April 24th, 2018|Categories: Business|0 Comments

Mark Lister: Tech companies brace for headwinds

The high-flying US technology sector has been one of the best sharemarket performers in recent years. It was the top performer in 2017 with a 37 per cent gain, and is number one again so [...]

By | April 24th, 2018|Categories: Business|0 Comments

NZ shares mixed ahead of Anzac Day holiday; A2, Synlait fall

New Zealand shares were mixed in light trading ahead of tomorrow's public holiday, with A2 Milk Co and Synlait Milk continuing to weaken while Fisher and Paykel Healthcare Corp rebounded and Fletcher Building extended gains.The... [...]

By | April 24th, 2018|Categories: Business|0 Comments

Xi Jinping seeks to boost domestic demand as trade war looms

Chinese President Xi Jinping said on Monday that the country would try to boost domestic demand to keep the world's second biggest economy on track in a "complicated" external political and economic situation.Xi comments, published... [...]

By | April 24th, 2018|Categories: Business|0 Comments

Study: Bangladesh must do more to protect garment workers

DHAMRAI, Bangladesh (AP) — The factory building had been expanded illegally, with additional floors stacked one on top of another. An engineer had declared it unsafe, and the thousands of people who worked inside, stitching [...]

By | April 24th, 2018|Categories: Business|0 Comments

Dollar falls to 3 month low against greenback

The New Zealand dollar fell to a 3 1/2 month low as rising US interest rates prompted traders to focus on economic fundamentals, where higher yields in the US offer greater returns than elsewhere, spurring [...]

By | April 24th, 2018|Categories: Business|0 Comments

Mystery grows over pro-Saudi tabloid: Embassy got sneak peek

WASHINGTON (AP) — It landed with a thud on newsstands at Walmart and rural supermarkets last month: Ninety-seven fawning pages saluting Saudi Arabia, whose ambitious crown prince was soon to arrive in the U.S. on [...]

By | April 24th, 2018|Categories: Business|0 Comments

Long shadow cast by Rana Plaza disaster

It was yesterday five years ago that cracks appeared in the walls of Rana Plaza, the ill-fated complex of clothes factories and shops in Savar, 15 miles from the Bangladeshi capital of Dhaka.Though employees were [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Appeals court allows necessity defense in pipeline protest

MINNEAPOLIS (AP) — The Minnesota Court of Appeals says four protesters can use an unusual "necessity defense" against criminal charges related to efforts to shut down two Enbridge Energy oil pipelines.The protesters admit that they... [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Robert MacCulloch: New style of reform way out of growing inequality divide

Inequality is an issue likely to dominate politics over the next several decades. The bottom 50 per cent own almost nothing: less than 5 per cent of total wealth, both at the world level and [...]

By | April 23rd, 2018|Categories: Business|0 Comments

CenterPoint paying $6 billion for Vectren

NEW YORK (AP) — CenterPoint Energy Inc. is paying just under $6 billion for rival Vectren in a move that will expand the utility operator's reach.The combined company will serve more than 7 million gas [...]

By | April 23rd, 2018|Categories: Business|0 Comments

New Zealand dollar steady amid political uncertainties in US

The New Zealand dollar held above US72c as political uncertainties in the world's biggest economy limited the greenback's gains from rising US interest rates.The kiwi traded at US72.03c at 5pm from US72.07c at the New [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Korean Air chair's daughters resign as smuggle probe widens

SEOUL, South Korea (AP) — Korean Air Lines says its chairman's two daughters have resigned from their executive positions amid mounting public criticism over the women's behavior.Chairman Cho Yang-ho announced the resignation of... Source: NZ [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Shares edge down amid 'school holiday' mood

New Zealand shares dropped in light trading, with A2 Milk Co and Synlait Milk leading the index lower, while Pushpay Holdings and Fletcher Building gained.The S&P/NZX50 Index fell 19.6 points, or 0.2 per cent, to [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Jucy opens 'pod hotel' in Queenstown to beat tourism squeeze

Car rental and tourism operator Jucy has opened a "pod hotel" in Queenstown aimed at millennial travellers in a city feeling the squeeze from the tourism boom. Jucy said the five-storey, 276-bed hotel was expected [...]

By | April 23rd, 2018|Categories: Business|0 Comments

In Denver, trying to put a price on the value of a newspaper

DENVER (AP) — Across the street from the Colorado Capitol rises an 11-story building emblazoned with The Denver Post's logo. No reporters work out of the building any more, only executives of Digital First Media, [...]

By | April 23rd, 2018|Categories: Business|0 Comments

Mexico's Pena Nieto optimistic on NAFTA overhaul talks

BERLIN (AP) — Mexico's president has said at a trade fair in Germany that he's optimistic about reaching a deal to overhaul the North American Free Trade Agreement.President Enrique Pena Nieto and German Chancellor Angela [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Economy Hub: Kiwi housing problems part of global trend

Most of New Zealand's property market issues aren't unique and we are increasingly moving into synchronisation with global trends, says CoreLogic managing director for Data & Analytics Olumide Soroye."It starts from a macro level,... Source: [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Average price of US gas jumps 9 cents, to $2.83 a gallon

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline spiked 9 cents a gallon over the past two weeks to $2.83.Industry analyst Trilby Lundberg said Sunday that the jump was driven primarily by [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Australian banking scandal: New Zealand regulator in talks with financial firms

The financial sector watchdog says it is in talks with Australia's major banks and financial services firms about the implications for their New Zealand arms in the wake of Australia's banking inquiry which has exposed [...]

By | April 22nd, 2018|Categories: Business|0 Comments

'A Quiet Place,' 'Rampage' lead newcomers at box office

LOS ANGELES (AP) — It's another weekend of buzz versus pure star power at the box office as the word of mouth sensation "A Quiet Place" finds itself neck-and-neck again with Dwayne Johnson's "Rampage." This [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Slumdog Millionaire who moved from India to England now runs $3.8m company

Rupesh Thomas came from Kerala and now lives in $1.9m Wimbledon home. Dreaming of a better life, Rupesh Thomas travelled to England from India with just $1165 to his name.But more than 15 years later [...]

By | April 22nd, 2018|Categories: Business|0 Comments

This Week: New home sales, Facebook earns, GDP

A look at some of the key business events and economic indicators upcoming this week:SALES REBOUND?Despite a dearth of homes on the market, sales of new U.S. homes have been declining lately.Sales slipped 0.6 percent [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Mnuchin expresses optimism trade standoffs can be resolved

WASHINGTON (AP) — The International Monetary Fund and the World Bank repeatedly warned at their meetings this week that intensifying trade tensions could jeopardize a healthy global economic expansion.But U.S. Treasury Secretary... Source: NZ Herald [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Rocket Lab founder Peter Beck blasts lack of NZ venture capital for other firms

Rocket Lab founder and chief executive Peter Beck says a shortage of venture capital in New Zealand and pressure to stay in this country is putting the brakes on innovation for other companies.His 12-year-old company [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Liquidators move to unravel Paul Hibbs' $17m Ponzi scheme

Liquidators have targeted another firm of a jailed fraudster as they try to unravel the Christchurch con man's $17 million Ponzi scheme.Paul Clifford Hibbs last month was jailed for eight years for fleecing more than [...]

By | April 22nd, 2018|Categories: Business|0 Comments

Stars Group doubles down with purchase of Sky Betting

Canadian online-gambling company Stars Group Inc. says it is buying U.K.-based Sky Betting & Gaming in a deal worth $4.7 billion.Stars Group, which owns PokerStars, said Saturday the purchase will create the biggest publicly listed... [...]

By | April 21st, 2018|Categories: Business|0 Comments

Robot designed for faster, safer uranium plant pipe cleanup

COLUMBUS, Ohio (AP) — Ohio crews cleaning up a massive former Cold War-era uranium enrichment plant in Ohio plan this summer to deploy a high-tech helper: an autonomous, radiation-measuring robot that will roll through miles [...]

By | April 21st, 2018|Categories: Business|0 Comments

Liam Dann: New Reserve Bank Governor Adrian Orr ready for a financial literacy shake-up

Don't expect the arrival of new Reserve Bank Governor Adrian Orr to mean big changes to your mortgage rate outlook.There has been plenty of speculation about what the gregarious, straight talking and socially conscious Orr [...]

By | April 21st, 2018|Categories: Business|0 Comments

Rival telcos join forces to crack down on scams

Rival telecommunication companies are working together to crack down on international phone scams plaguing the industry.The NZ Telecommunications Forum (TCF) has today released a draft code of practice for cellphone and landline... Source: NZ Herald [...]

By | April 21st, 2018|Categories: Business|0 Comments

Diana Clement: The pros and cons of balance transfers

If you've got a big chunk of credit card debt, the interest payments alone may be crucifying your finances. It's not surprising, therefore, that balance transfer offers by banks are popular with Kiwis. How it [...]

By | April 21st, 2018|Categories: Business|0 Comments

Saudi Arabia uses ancient tourist site to alter its history

DIRIYAH, Saudi Arabia (AP) — The UNESCO World Heritage site of Diriyah lies in a conservative, arid patch of Saudi Arabia and is unlikely to feature high on any bucket lists for world travelers.However, the [...]

By | April 21st, 2018|Categories: Business|0 Comments

US defends tough trade stance at global finance meeting

WASHINGTON (AP) — The United States is resisting pressure to back off President Donald Trump's tough America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade [...]

By | April 21st, 2018|Categories: Business|0 Comments

California regulators investigating worker safety at Tesla

FREMONT, Calif. (AP) — Workplace safety regulators say they are investigating two incidents at automaker Tesla's factory in Northern California.The New York Times reported Friday that the investigations come after the Center for... Source: NZ [...]

By | April 21st, 2018|Categories: Business|0 Comments

Woolworths deals Jamie Oliver fresh blow

Celebrity chef Jamie Oliver can't seem to catch a break in Australia at the moment. Fresh from the collapse of his restaurant chain and closure of his Canberra eatery, now his lucrative partnership with supermarket [...]

By | April 21st, 2018|Categories: Business|0 Comments

International flight disruption for months after two Air NZ planes withdrawn

Travellers to and from New Zealand can expect months of disruption when two Air New Zealand aircraft are pulled out of service for engine repairs.The airline announced today that two of its 11 Boeing 787-9 [...]

By | April 21st, 2018|Categories: Business|0 Comments

Recalls this week: electrical safety switches, toys

More than 1 million electrical safety switches are being recalled because of a faulty switch. Other recalled consumer products this week include toy xylophones, ski bindings, and decorative cushions.Here's a more detailed look:ELECTRICAL... Source: NZ [...]

By | April 20th, 2018|Categories: Business|0 Comments

Kiwi viewers need to gear up for 2019 Rugby World Cup

Almost two-thirds of Kiwis will need to buy a smart TV or other new technology if they want to watch all of the Rugby World Cup on TV next year.The event in Japan will be [...]

By | April 20th, 2018|Categories: Business|0 Comments

What it's really like to work at Rocket Lab

Rocket Lab founder Peter Beck says space keeps anyone trying to reach it very humble.The best bit may be that 7 minute, 32 second blast into orbit, but it's what happens before then that counts.For [...]

By | April 20th, 2018|Categories: Business|0 Comments

Brian Gaynor: Fletcher a reputation that needs rebuilding

How much more damage can Fletcher Building do to itself, its 37,800 shareholders, the NZX and the reputation of our business leaders?Hopefully, most of the damage has been done but one never knows with Fletcher [...]

By | April 20th, 2018|Categories: Business|0 Comments

$500m of new apartments, hotels developed and planned by Safari Group

When Birkenhead resident Damien Taylor was introduced to a new acquaintance recently, he was asked for his profession."Property developer," replied Taylor."So, basically the devil?" the new acquaintance responded. That floored... Source: NZ Herald Business News

By | April 20th, 2018|Categories: Business|0 Comments

NZ shares fall as MSCI changes debated

New Zealand shares fell, taking a negative lead from Wall Street, as Fletcher Building's share offer weighed on demand. Fisher & Paykel Healthcare, which gets almost half its revenue in North America, led the decline, [...]

By | April 20th, 2018|Categories: Business|0 Comments

Asian shares fall back on trade worries, tech outlook

SEOUL, South Korea (AP) — Asian shares fell back Friday after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the potential for [...]

By | April 20th, 2018|Categories: Business|0 Comments

EPA head showed penchant for travel, drivers even before DC

OKLAHOMA CITY (AP) — Scott Pruitt's penchant for travel and concerns about security were notable even before he became head of the Environmental Protection Agency, according to newly obtained records that show that as Oklahoma's [...]

By | April 20th, 2018|Categories: Business|0 Comments

Lagarde urges countries to settle trade disputes, cut debt

WASHINGTON (AP) — The head of the International Monetary Fund is urging countries to work out their differences over trade and take advantage of a healthy world economy to reduce debt before the next downturn [...]

By | April 20th, 2018|Categories: Business|0 Comments

Dollar heads for 1.6% weekly fall as greenback finds favour on rate hike view

The New Zealand dollar is heading for a 1.6 per cent weekly fall and may see further downside as the greenback gains on the prospect of further interest rate increases by the Federal Reserve. The [...]

By | April 20th, 2018|Categories: Business|0 Comments

Northland artist gets apology from Escape Rentals after his art was copied

Shane Hansen is stubborn.So when a campervan hire company copied his artwork on vans without his permission he wasn't going to let it go. And he's glad he didn't.After filing a claim in the Auckland [...]

By | April 19th, 2018|Categories: Business|0 Comments

'Fearless Girl' to leave her post on Wall Street

The "Fearless Girl" statue near Wall Street that has become a global symbol of female can-do business spirit will be moved from her spot facing the "Charging Bull" to a location by the New York [...]

By | April 19th, 2018|Categories: Business|0 Comments

More than one-in-three Kiwis has poor financial health

More than one-in-three New Zealanders is either struggling or only just getting by, according to new research on the financial wellbeing of Kiwis.The ANZ Financial Wellbeing study is the first time the bank has extended [...]

By | April 19th, 2018|Categories: Business|0 Comments

John Drinnan: From sport to celebs via Radio NZ

Here are a few topics and themes addressed over the past 11 years. Interest in the Commonwealth Games may have encouraged TVNZ's sporting ambitions — but it will need to lift its game. Picture / [...]

By | April 19th, 2018|Categories: Business|0 Comments

Stock Takes: Where next for Fletcher's share price?

It's been a roller coaster of a week for Fletcher Building shareholders what with squashed rumours of a takeover followed by its $750 million capital raising via rights issue.The company will come off a trading [...]

By | April 19th, 2018|Categories: Business|0 Comments

Ahead of 420, advocates and critics reflect on pot in the US

America's marijuana supporters have a lot to celebrate on this 420 holiday: Thirty states have legalized some form of medical marijuana, according to a national advocacy group. Nine of those states and Washington, D.C., also [...]

By | April 19th, 2018|Categories: Business|0 Comments

Teacher uprisings harness social media in fight for funding

PHOENIX (AP) — The public education uprisings that began in West Virginia and spread to Arizona, Oklahoma and Kentucky share similar origin stories.Teachers, long tired of low wages and a dearth of state funding, begin [...]

By | April 19th, 2018|Categories: Business|0 Comments

R&D tax plan: 'Devil is in the detail', say experts

Proposed plans for a research and development tax incentive are being welcomed by New Zealand business - if it can be properly designed.The Government has proposed phasing out the Growth Grant administered by Callaghan Innovation... [...]

By | April 19th, 2018|Categories: Business|0 Comments

Skating rink closes permanently after allegedly asking a same-sex couple to leave for kissing

A same-sex couple who claim they were kicked out of a skating rink for "pecking" have gone to ground two days after the business they accused closed its doors after copping a barrage of threats.Staff [...]

By | April 19th, 2018|Categories: Business|0 Comments

NZ shares rise led by Synlait, A2, Comvita as US earnings stoke global sentiment

New Zealand shares gained as the US earnings season helped lift sentiment toward equities. Growth-linked companies including Synlait Milk, A2 Milk, Comvita led gains in the local market.The S&P/NZX 50 Index rose 3.54 points, or... [...]

By | April 19th, 2018|Categories: Business|0 Comments

Textron and CSX rise while IBM and Lam Research skid

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday:Best Buy Co., up $2.65 to $75.40The electronics retailer will team up with Amazon to sell its Smart TVs.Lam Research Corp., down $8.56 to [...]

By | April 18th, 2018|Categories: Business|0 Comments

Marsden Pt Oil Refinery's $85m shutdown brings jobs and economic benefits

A $85 million maintenance shutdown of Refining New Zealand's Marsden Point plant in Whangarei is about to start with the arrival of a major piece of equipment from Australia.The last total shutdown at the site [...]

By | April 18th, 2018|Categories: Business|0 Comments

Lawsuit filed over cemetery left as giant mound of earth

WAYNESBURG, Pa. (AP) — Descendants of people buried in a small cemetery in western Pennsylvania have sued the owners of a motel over an excavation project that left the cemetery a mound of earth more [...]

By | April 18th, 2018|Categories: Business|0 Comments

Three more Nike execs depart amid probe into work culture

Three more Nike executives are leaving amid the company's efforts to overhaul workplace culture.They are Vikrant Singh, a senior brand director for the Nike basketball brand in North America; Daniel Tawiah, vice president of global... [...]

By | April 18th, 2018|Categories: Business|0 Comments

Fed survey finds worries about higher tariffs

WASHINGTON (AP) — The Federal Reserve's latest national survey has found that U.S. businesses are growing increasingly concerned about the impact higher tariffs could have on their companies and the overall economy.The Fed reported... Source: [...]

By | April 18th, 2018|Categories: Business|0 Comments

German government, union seal pay raise for public workers

BERLIN (AP) — German government and union negotiators have reached a deal that should give some 2.3 million public-sector workers a wage increase averaging 7.5 percent over the next two years.Interior Minister Horst Seehofer and... [...]

By | April 18th, 2018|Categories: Business|0 Comments

Donald Trump set to reject the Trans-Pacific Partnership for a second time

Donald Trump is again set to turn his back on the Trans-Pacific Partnership, with the President saying he "doesn't like the deal for the United States" just days after he appeared keen on rejoining the [...]

By | April 18th, 2018|Categories: Business|0 Comments

Amazon launches new shopping experience for Kiwis

New Zealanders will now have the ability to browse and shop over 45 million eligible items that can be shipped from the United States.Amazon has launched the 'International Shopping' experience within its existing mobile app, [...]

By | April 18th, 2018|Categories: Business|0 Comments

Asian stocks rise after Wall Street gains for 2nd day

BEIJING (AP) — Asian stock markets followed Wall Street higher Wednesday after Beijing added to a swelling trade dispute with Washington by hiking tariffs on U.S. sorghum.KEEPING SCORE: The Shanghai Composite Index gained 0.2 percent... [...]

By | April 18th, 2018|Categories: Business|0 Comments

NZ shares gain; Trade Me rises

New Zealand shares gained in light trading as Fletcher Building's discounted rights issue and upcoming MSCI New Zealand index review weighed on investors' minds. Trade Me and Metlifecare increased while Comvita dropped. The S&P/NZX... Source: [...]

By | April 18th, 2018|Categories: Business|0 Comments

'It never happened': Model claims $3.9M virginity auction was just a publicity stunt

A Romanian model who claimed to have auctioned her virginity for AU$3.7 million (NZ$3.92 million) to a Hong Kong businessman now says the whole thing was a publicity stunt that has "ruined my life".Aleexandra Khefren, [...]

By | April 17th, 2018|Categories: Business|0 Comments

Iceland company to resume whale hunting after two-year freeze

A whaling company in Iceland said Tuesday it is preparing its fleet to bring commercial hunting of fin whales back to the Nordic island nation after a two-year freeze.Whaling company Hvalur hf (Whale Inc.) said [...]

By | April 17th, 2018|Categories: Business|0 Comments

Starbucks will close more than 8,000 US stores on afternoon of May 29 to conduct racial-bias education for employees

NEW YORK (AP) — Starbucks will close more than 8,000 US stores on afternoon of May 29 to conduct racial-bias education for employees. Source: NZ Herald Business News

By | April 17th, 2018|Categories: Business|0 Comments

Apple plans a 'Netflix for news' service

Apple plans to integrate recently acquired magazine app Texture into Apple News and debut its own premium subscription offering, according to people familiar with the matter. The move is part of a broader push by [...]

By | April 17th, 2018|Categories: Business|0 Comments

18 seconds of oxygen: What happens when a plane loses cabin pressure?

Frequent fliers have heard it dozens of times over – "Should the cabin experience sudden pressure loss… Oxygen masks will drop down from above your seat. Place the mask over your mouth and nose."The pre-flight [...]

By | April 17th, 2018|Categories: Business|0 Comments

Billionaire banking heir Matthew Mellon dies at 54

NEW YORK (AP) — Billionaire banking heir Matthew Mellon has died. He was 54.His cousin Peter Stephaich confirmed Mellon's death but declined Tuesday to provide any details.Mellon comes from the Mellon and Drexel families of [...]

By | April 17th, 2018|Categories: Business|0 Comments

Shares fall as investors weight up Fletcher rights issue

New Zealand shares fell as investors weighed up the impact of Fletcher Building's deeply discounted rights issue soaking up demand from the broader market. Auckland International Airport and exporters A2 Milk Co and Comvita dropped.... [...]

By | April 17th, 2018|Categories: Business|0 Comments

Never mind the kale milkshake, KFC's beating drumsticks to a finger-lickin' future

In late 2017, KFC in the UK worked in partnership with health food guru Figgy Poppleton-Rice to launch the "Clean Eating Burger", which featured flavourless chicken on a bed of 100 per cent British kale [...]

By | April 17th, 2018|Categories: Business|0 Comments

Dollar falls versus greenback on pullback in risk appetite

The New Zealand dollar fell against the greenback on a slight pullback in risk appetite after minutes from the Reserve Bank of Australia showed some caution and after mixed Chinese data.The New Zealand dollar was [...]

By | April 17th, 2018|Categories: Business|0 Comments

'I typed too loudly': Employees share the pettiest work dramas they've ever been involved with

Anyone who has ever worked in an office will know they are breeding grounds for personality clashes and outlandish vendettas.And that's why a new thread on popular parenting forum Mumsnet is so entertaining.After sharing her [...]

By | April 17th, 2018|Categories: Business|0 Comments

AI and cloud-based working the future of property investment

Property investors could have just two years to get used to the idea of using cloud-based sharing applications and robotics, with the rate of technological change expected to speed up "significantly" in that time.Hawke's Bay [...]

By | April 16th, 2018|Categories: Business|0 Comments

Q&A: Starbucks CEO on what the company will do after arrests

NEW YORK (AP) — After two black men were arrested at a Starbucks in Philadelphia, CEO Kevin Johnson said the company will review what happened and train workers on "unconscious bias."Johnson, in an interview with [...]

By | April 16th, 2018|Categories: Business|0 Comments

Web's inventor discusses digital monopolies, privacy threats

SAN FRANCISCO (AP) — Tim Berners-Lee gave away the technology that he used to invent the World Wide Web, so it's not surprising that he's worried about the current state of the internet as Google, [...]

By | April 16th, 2018|Categories: Business|0 Comments

UK academic says data firm helped Trump campaign spread fear

LONDON (AP) — A British propaganda expert who has studied Cambridge Analytica says the company helped Donald Trump's presidential campaign use false statements and anti-Muslim messages to spread fear and resentment in swing states... Source: [...]

By | April 16th, 2018|Categories: Business|0 Comments

Why the four-day week is good for business

Earlier this year, the founder of New Zealand trust company Perpetual Guardian did something that appears to be without precedent anywhere in the world. In a bid to boost productivity and incentivise his 240 staff [...]

By | April 16th, 2018|Categories: Business|0 Comments

Facebook advertising revenue soars despite data scandal

Facebook's data scandal has failed to hit the tech giant's surging advertising revenue, despite triggering a user revolt and Mark Zuckerberg's appearance before the US Congress.Advertiser spending on Facebook was up by an average... Source: [...]

By | April 16th, 2018|Categories: Business|0 Comments

Farmers facing toxic swede harvest

Southland and Otago farmers left with crops of potentially toxic swede are working on ways of mitigating the possible issues of using the crop to feed animals in winter.Human error by seed wholesaler PGG Wrightson [...]

By | April 16th, 2018|Categories: Business|0 Comments

New Zealand dollar holds steady amid global tension

The New Zealand dollar was largely unchanged against the greenback with investors fairly sanguine about the US-led strikes on Syria over the weekend after a muted reaction from Russia.The Kiwi dollar traded at US73.54c at [...]

By | April 16th, 2018|Categories: Business|0 Comments

Fonterra does U-turn on invoice payments to tradies

Dairy heavyweight Fonterra is to start paying its small trades and services suppliers on normal business terms again, reversing a delayed payment policy which caused financial difficulties and was slammed as "a public relations disaster".First... [...]

By | April 16th, 2018|Categories: Business|0 Comments

Shares fall as global tensions keep investors on the sidelines

New Zealand shares fell in relatively subdued trading, led by Ebos Group, Ryman Healthcare, Air New Zealand and Fletcher Building. Comvita fell after a profit warning while A2 Milk gained on news of a deal [...]

By | April 16th, 2018|Categories: Business|0 Comments

TVNZ, Spark confirm they've won rights to Rugby World Cup

TVNZ and Spark have confirmed they have won the right to broadcast next year's Rugby World Cup.TVNZ CEO Kevin Kenrick said he was delighted for the state broadcaster to bring New Zealanders coverage of next [...]

By | April 15th, 2018|Categories: Business|0 Comments

Small Business: Solving the data problem for kiwifruit growers – Acuris Systems

Nicholas Woon, co-founder and director of tech company Acuris Systems, talks about operating his business in startup mode and his plans for the future. What does the business do? Matthew Warner and I founded Acuris [...]

By | April 15th, 2018|Categories: Business|0 Comments

Over 30pc of older workers have to work to pay bills

Nearly a third of Kiwis still working after 65 say they have to do so to pay the bills, according to new research.It comes after an Organisation for Economic Co-operation and Development (OECD) report that [...]

By | April 15th, 2018|Categories: Business|0 Comments

Troy Swann: How to fix New Zealand's retirement savings shortfall

Many New Zealanders are not on-track for a comfortable retirement. As a nation, we are simply not saving enough. And the small amount we are saving is not being invested for long-term wealth creation.To begin, [...]

By | April 15th, 2018|Categories: Business|0 Comments

Christopher Niesche: Big shake-up in Aussie TV sport as Foxtel grabs cricket

TV sport is going to look very different in Australian next summer after a shakeup in broadcast rights as traditional broadcast media tries to fight off the threat from streaming and digital media.On Friday, Seven [...]

By | April 15th, 2018|Categories: Business|0 Comments

Arrests, injuries as French protesters challenge Macron

PARIS (AP) — French authorities say 63 people have been arrested and nine police officers injured as protests took place in two cities amid simmering anger at President Emmanuel Macron's labor law changes.Interior Minister Gerard... [...]

By | April 15th, 2018|Categories: Business|0 Comments

Bill Gates warns another financial crisis is coming like the 2008 Great Recession

Bill Gates, who participated in a Reddit "Ask Me Anything" says that a financial crisis similar to the 2008 Great Recession is a certainty in the near future.When the recession hit in 2008, millions of [...]

By | April 15th, 2018|Categories: Business|0 Comments

Retirement Commissioner hits back at pension criticism

New Zealand's Retirement Commissioner has hit back at criticism of the country's pension system and lack of reform.Last week a visiting expert said New Zealand was lagging behind other countries by failing to under take [...]

By | April 15th, 2018|Categories: Business|0 Comments

The true economic consequences of the war in Syria

What of the economic consequences of an escalation of war in Syria? I say "escalation", of course, as civil war has raged across this blighted nation for the last seven years.Smaller than the UK, with [...]

By | April 15th, 2018|Categories: Business|0 Comments

Why airlines love premium class passengers

Airlines rely on premium cabins for almost 30 per cent of revenues.Although just 5.3 per cent of passengers travel in business class or better, they account for 29.6 per cent of revenue, according to figures [...]

By | April 15th, 2018|Categories: Business|0 Comments

Former Tronc Chairman Ferro selling all of his company stock

NEW YORK (AP) — A former chairman of the Tronc company who stepped down amid allegations of sexual misconduct is selling all of his stock for about $228 million.Michael Ferro's company Merrick Media listed the [...]

By | April 14th, 2018|Categories: Business|0 Comments

Couple sets record on nearly $60m of Auckland residential property – in a month

An Auckland couple set a New Zealand residential property record, buying and selling real estate worth nearly $60 million in just one month, an expert says.Simon and Paula Herbert bought and sold $55.5m worth of [...]

By | April 14th, 2018|Categories: Business|0 Comments

Liam Dann: Cheer up, Business, it might never happen

Why is a middle-aged man like an economic downturn? His hairline is in recession, his stomach is suffering from inflation and the combination is increasing his risk of depression. Sorry, awful I know. It was [...]

By | April 14th, 2018|Categories: Business|0 Comments

Diana Clement: Ten ways to spend less and save more

Stop! You don't need to spend that. Everyone can save money without really trying. It's about evaluating day-to-day decisions more rationally. Question everything So often our behaviour is driven by what society tells us.We... Source: [...]

By | April 14th, 2018|Categories: Business|0 Comments

The Latest: Pence didn't talk about wall with Mexican leader

LIMA, Peru (AP) — The Latest on Vice President Mike Pence's trip to Latin America (all times local):3:15 p.m.Vice President Mike Pence says the topic of funding President Donald Trump's long-promised border wall did not [...]

By | April 14th, 2018|Categories: Business|0 Comments

Pence to outline Syrian missile strike at Latin summit

LIMA, Peru (AP) — Abroad during a major military strike, U.S. Vice President Mike Pence plans to address Latin American leaders Saturday on President Donald Trump's decision to launch air strikes in Syria in response [...]

By | April 14th, 2018|Categories: Business|0 Comments

Sanford caught up in UK fishing license controversy in South Atlantic

Boris Johnson was accused of betraying UK fishermen yesterday by handing lucrative licences to foreign firms, including New Zealand company Sanford.The row erupted after it emerged that £75 million ($145m) worth of licences in the... [...]

By | April 14th, 2018|Categories: Business|0 Comments

Source says Apple will shut down iTunes music downloads in March 2019

Apple may begin shutting down iTunes Store music downloads on March 31, 2019.That's according to industry insiders who claim a phase-out of the service may help the firm keep up with a subscription-based streaming platforms [...]

By | April 14th, 2018|Categories: Business|0 Comments

Do or die time for Facebook: Ball is now firmly in the court of US politicians and regulators

After more than 10 hours of questioning Mark Zuckerberg this week, the ball is now firmly in the court of US politicians and regulators.Many senators didn't know enough to successfully interrogate the Facebook boss and [...]

By | April 14th, 2018|Categories: Business|0 Comments

Westpac worker sacked for trying to sabotage colleague's job application

A former Westpac employee who attempted to sabotage a colleague's internal job application by emailing the recruiter with details of a confidential HR complaint claimed she had misunderstood the meaning of "Doing the Right Thing [...]

By | April 14th, 2018|Categories: Business|0 Comments

Arkansas judge freezes herbicide ban for about 85 farmers

LITTLE ROCK, Ark. (AP) — An Arkansas judge has ruled that a statewide ban on an herbicide blamed for damaging crops does not apply to a small group of farmers.The state Plant Board's statewide ban [...]

By | April 13th, 2018|Categories: Business|0 Comments

Tesla feuds with 1 federal agency, cooperates with another

DETROIT (AP) — While one federal agency is openly feuding with Tesla over a crash investigation, another one probing the same crash says the company is cooperating.The National Highway Traffic Safety Administration says on Friday... [...]

By | April 13th, 2018|Categories: Business|0 Comments

Q&A: Trump, the post office and Amazon

NEW YORK (AP) — A task force will study the U.S. Postal Service under an executive order from President Donald Trump, who has spent weeks criticizing online retailer Amazon and accused it of not paying [...]

By | April 13th, 2018|Categories: Business|0 Comments

Video: YouTube shooter tells police she won't hurt anyone

Newly released police video shows officers talking to a woman in her car hours before she opened fire at YouTube's California headquarters. She tells them she has no intention of hurting herself or others.Nasim Aghdam [...]

By | April 13th, 2018|Categories: Business|0 Comments

Texas gains 3 rigs as US rig count rises to 1,008

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by five this week to 1,008.At this time a year ago there were 847 active rigs.Houston oilfield services [...]

By | April 13th, 2018|Categories: Business|0 Comments

Backpage.com CEO pleads guilty, will testify against others

SACRAMENTO, Calif. (AP) — The chief executive of Backpage.com pleaded guilty to state and federal charges including conspiracy and money laundering, and agreed to testify in ongoing prosecutions against others at the website that... Source: [...]

By | April 13th, 2018|Categories: Business|0 Comments

Asia cautious about possible Trump rethink on trade deal

TOKYO (AP) — Japan and New Zealand are reacting cautiously to U.S. President Donald Trump's request that his administration re-examine a Pacific Rim trade deal that he pulled the U.S. out of shortly after taking [...]

By | April 13th, 2018|Categories: Business|0 Comments

Watch: Kiwi creates complex cake serving machine

Is this absurdly complex cake server the most extraordinary but useless machine ever?New Zealand-born YouTube personality Joseph Herscher has posted his latest creation to his channel, Joseph's Machines.The kinetic artist who... Source: NZ Herald Business [...]

By | April 13th, 2018|Categories: Business|0 Comments

Government lays out plan for trade

Trade and Export Growth Minister David Parker wants a new progressive and inclusive trade agenda, laying the groundwork for a refreshed strategy, while Prime Minister Jacinda Ardern seeks to accelerate free trade talks with the [...]

By | April 13th, 2018|Categories: Business|0 Comments

Shares rise as Fletcher jumps on Wesfarmers report

New Zealand's benchmark S&P/NZX 50 Index rose, with much of the gain driven by Fletcher Building shares, which lifted on a report Australia's Wesfarmers has taken a small stake. Mercury NZ led decliners and A2 [...]

By | April 13th, 2018|Categories: Business|0 Comments

Feds boot Tesla from investigation into fatal crash

DETROIT (AP) — Electric car maker Tesla has been booted from the group investigating a fatal crash in California that involved a Tesla SUV and the company's Autopilot system.The National Transportation Safety Board says it [...]

By | April 12th, 2018|Categories: Business|0 Comments

Reviewing the 'iPhone killer': Huawei's P20 Pro

The Huawei P20 has been widely described as the iPhone killer. Newstalk ZB tech reviewer Glenn Hart looks at whether it lives up to the hype. As one of the first phone-makers to give us [...]

By | April 12th, 2018|Categories: Business|0 Comments

Volkswagen replaces CEO Mueller, announces new structure

FRANKFURT, Germany (AP) — Automaker Volkswagen is replacing CEO Matthias Mueller with core brand head Herbert Diess and announcing a new management structure the German automaker said would enable faster decision-making as autonomous... Source: NZ [...]

By | April 12th, 2018|Categories: Business|0 Comments

Flip flop: Trump eyes return to Trans-Pacific Partnership

US President Donald Trump has told top administration officials to look at rejoining the Trans-Pacific Partnership, the multination trade agreement he pulled the United States out of shortly after taking office.Rejoining the pact... Source: NZ [...]

By | April 12th, 2018|Categories: Business|0 Comments

Volkswagen names core brand head Herbert Diess to replace Matthis Mueller as CEO

FRANKFURT, Germany (AP) — Volkswagen names core brand head Herbert Diess to replace Matthis Mueller as CEO. Source: NZ Herald Business News

By | April 12th, 2018|Categories: Business|0 Comments

Facing strikes, France's Macron defends economic vision

PARIS (AP) — Train workers, hospitals staff, students, retirees, lawyers and magistrates: they are all protesting the way President Emmanuel Macron's government is changing France.Macron is appearing on national TF1 television Thursday... Source: NZ Herald [...]

By | April 12th, 2018|Categories: Business|0 Comments

Don't fear the robots – they're not coming to devour our jobs

Run! Hide! The robots are coming. Well they are, but not quite as remorselessly or as swiftly as the movies might have conditioned us to imagine. And when the robot age does arrive, the impact [...]

By | April 12th, 2018|Categories: Business|0 Comments

Hino, VW partner on hybrids, autonomous drive, technology

TOKYO (AP) — Hino Motors, Toyota Motor Corp.'s group truck manufacturer, and Volkswagen Truck & Bus of Germany agreed Thursday to work together in a partnership on technologies like hybrids, electric cars, autonomous driving and [...]

By | April 12th, 2018|Categories: Business|0 Comments

Michael Hill International's US exit to cost $6.1m

Michael Hill International says the exit from its US business is expected to cost US$4.5 million ($6.1m) for lease terminations and employee severance costs after it was unable to find a buyer for the jewellery [...]

By | April 12th, 2018|Categories: Business|0 Comments

Asian shares lower as markets mull Fed, geopolitical risk

HONG KONG (AP) — Most Asian shares sank Thursday as investors digested the latest Fed minutes while geopolitical concerns overshadowed sentiment after President Donald Trump struck a defiant tone on the Middle East conflict.KEEPING... Source: [...]

By | April 12th, 2018|Categories: Business|0 Comments

Fed in March discussed 'slightly steeper' future rate hikes

WASHINGTON (AP) — Federal Reserve officials at their March meeting, the first under new Chairman Jerome Powell, decided to stick with a gradual approach to rate hikes. But officials also discussed the possibility that the [...]

By | April 11th, 2018|Categories: Business|0 Comments

US budget deficit rose 18.4 percent in March

WASHINGTON (AP) — The federal government recorded a budget deficit of $208.7 billion in March, an increase of more than $32 billion from a year ago as revenues slipped and expenditures climbed.The Treasury Department reports [...]

By | April 11th, 2018|Categories: Business|0 Comments

Fed minutes: Officials in March discussed prospect of accelerating rate hikes to 'slightly steeper' path

WASHINGTON (AP) — Fed minutes: Officials in March discussed prospect of accelerating rate hikes to 'slightly steeper' path. Source: NZ Herald Business News

By | April 11th, 2018|Categories: Business|0 Comments

Michigan governor: Vessel damaged underwater oil pipelines

TRAVERSE CITY, Mich. (AP) — Michigan Gov. Rick Snyder says twin oil pipelines beneath the waterway linking two of the Great Lakes apparently were damaged by the same vessel believed to have caused a recent [...]

By | April 11th, 2018|Categories: Business|0 Comments

Italy to delay terms of Alitalia deal as 3 offers evaluated

ROME (AP) — Italy's government says it will postpone the deadlines for repayment of a bridge loan to bankrupt national carrier Alitalia while it evaluates offers from three airlines to buy it.The economic development ministry [...]

By | April 11th, 2018|Categories: Business|0 Comments

Asian shares meander following gains on upbeat trade talk

Shares were mixed in Asia on Wednesday, trading in a narrow range after overnight gains following conciliatory comments on trade by Chinese President Xi Jinping. Xi's pledge to cut tariffs on imported cars and improve [...]

By | April 11th, 2018|Categories: Business|0 Comments

Bitcoin mania like an 'infectious disease', most investors now 'immune'

Bitcoin's wild price rise and subsequent crash has been likened to the spread of an infectious disease which peters out as more people become "immune", just like flu season.Analysts at investment bank Barclays developed a [...]

By | April 11th, 2018|Categories: Business|0 Comments

As with the president, managing up comes with risks, rewards

NEW YORK (AP) — Communication, collaboration, cooperation. Those are a few favorite things when it comes to "managing up" at work, but handling a difficult boss can be tricky.The challenges and risks are playing out [...]

By | April 11th, 2018|Categories: Business|0 Comments

Know your selfie: All the data Facebook can gather from your selfies

As Facebook users tighten their security and privacy settings, a lot more information is coming to light about just how much Facebook really knows about each user.When you upload something as seemingly innocent as a [...]

By | April 11th, 2018|Categories: Business|0 Comments

Xi vs Trump: Who has the better hand in potential trade war?

The brewing China-U.S. trade conflict features two leaders who've expressed friendship but are equally determined to pursue their nation's interests and their own political agendas.But while President Donald Trump faces continuing... Source: NZ Herald Business [...]

By | April 11th, 2018|Categories: Business|0 Comments

Facebook CEO Mark Zuckerberg tells Congress company didn't do enough to prevent harm

WASHINGTON (AP) — Facebook CEO Mark Zuckerberg tells Congress company didn't do enough to prevent harm. Source: NZ Herald Business News

By | April 10th, 2018|Categories: Business|0 Comments

Mangere L'Oreal workers win right to living wage

Workers at the L'Oreal distribution centre in Mangere have won the right to be paid a living wage following the threat of strike action. The workers proposed going on strike after it was revealed that [...]

By | April 10th, 2018|Categories: Business|0 Comments

Facebook's Mark Zuckerberg faces harsh spotlight of Congress

Facebook chief executive Mark Zuckerberg is due to face the harsh spotlight of a televised congressional hearing Tuesday afternoon amid demands that he explain how his company came to imperil the privacy of tens of [...]

By | April 10th, 2018|Categories: Business|0 Comments

More organic than thou? Rebel farmers create new food label

THETFORD, Vt. (AP) — Was your tomato grown in dirt or water? Organic shoppers might notice additional labels this summer that will give them the answer — and tell them whether their choices align with [...]

By | April 10th, 2018|Categories: Business|0 Comments

Kroger's hiring spree goes on, another 11K jobs this year

CINCINNATI (AP) — Kroger is hiring 11,000 workers, up about 1,000 from last year.The nation's largest grocery chain by revenue is locked in a fierce completion with Amazon.com, which acquired Whole Foods last year, as [...]

By | April 10th, 2018|Categories: Business|0 Comments

Public sector pay strike paralyzes German airports, cities

BERLIN (AP) — Public sector workers are staging a strike for better pay at German airports, local transportation companies and nursery schools.The walk-out Tuesday has forced German airline Lufthansa to cancel some 800 flights and... [...]

By | April 10th, 2018|Categories: Business|0 Comments

Asia stocks post slim gains as investors eye trade tensions

TOKYO (AP) — Asian markets are modestly higher as investors watch developments in the simmering trade dispute between the U.S. and China.KEEPING SCORE: Japan's benchmark Nikkei 225 gained 0.5 percent to finish at 21,794.32. Australia's... [...]

By | April 10th, 2018|Categories: Business|0 Comments

Fran O'Sullivan: No early winner in trade war

Has "The Art of the Deal" trumped "The Art of War"? I don't think so.It's far too early to call a victory for the United States in the escalating war between the two elephants of [...]

By | April 10th, 2018|Categories: Business|0 Comments

Enforcement actions at watchdog agency halt under Trump

NEW YORK (AP) — In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors [...]

By | April 10th, 2018|Categories: Business|0 Comments

AveXis and Western Digital jump; Campbell Soup falls

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday:AveXis Inc., up $94.55 to $210.46The gene therapy company agreed to be bought by Novartis for $8.7 billion.Western Digital Corp., up 79 cents to [...]

By | April 9th, 2018|Categories: Business|0 Comments

Indictment accuses Backpage founders of aiding prostitution

PHOENIX (AP) — The founders of Backpage.com and five others at the classified site have been indicted on federal charges in what authorities say was a scheme to facilitate prostitution by running ads for sexual [...]

By | April 9th, 2018|Categories: Business|0 Comments

The founders of Backpage.com charged in alleged scheme to promote prostitution, launder money.

PHOENIX (AP) — The founders of Backpage.com charged in alleged scheme to promote prostitution, launder money. Source: NZ Herald Business News

By | April 9th, 2018|Categories: Business|0 Comments

#YouNext: Prepare for more skeletons in the NZ business closet

To err is human - just ask any politician, Hollywood director or sports star. Being in the public eye means every action and comment is scrutinised and, if found wanting, called out by either the [...]

By | April 9th, 2018|Categories: Business|0 Comments

How to become a professional Tinder coach

Got a killer online dating profile? You can now use it to earn some serious coin on the side.UK bidding site Bidvine has recently launched a Professional Tinder Coach service — and according to the [...]

By | April 9th, 2018|Categories: Business|0 Comments

New Deutsche Bank boss says tough decisions lie ahead

BERLIN (AP) — Deutsche Bank's new CEO is telling employees that Germany's biggest lender faces "tough decisions" as it works to return to profit.Christian Sewing, who has worked for Deutsche Bank for all but two [...]

By | April 9th, 2018|Categories: Business|0 Comments

New Zealand dollar gains amid reports North Korea will discuss denuclearisation

The New Zealand dollar rose against the greenback as risk appetite got a lift from reports North Korea told the US that Kim Jong Un is prepared to discuss the denuclearisation of the Korean Peninsula.The [...]

By | April 9th, 2018|Categories: Business|0 Comments

Shares rise on optimism US and China will avoid trade war

New Zealand shares rose as the local bourse joined a region-wide rally on optimism the US and China will manage to avoid a trade war that could slow global growth. Sky Network Television, Fisher & [...]

By | April 9th, 2018|Categories: Business|0 Comments

Singapore hotel firm Naumi has high hopes for New Zealand as it opens near Auckland Airport

A privately-owned Singapore hotel company has big plans in New Zealand as it prepares to officially open a $50 million Auckland property.Naumi Hotel Auckland Airport will open on Wednesday and has 193 rooms the company [...]

By | April 9th, 2018|Categories: Business|0 Comments

Another former South Korean leader charged with corruption

SEOUL, South Korea (AP) — Former President Lee Myung-bak was indicted on bribery, embezzlement and other charges Monday, becoming the latest South Korean leader arrested or entangled in scandals at the close of their terms [...]

By | April 9th, 2018|Categories: Business|0 Comments

Hawke's Bay lines company Unison Networks faces possible legal action over Waimarama fires

Hawke's Bay lines company Unison Networks is facing potential legal action over wildfires that swept across the Waimarama hills, sparking a state of emergency, in February last year.The blaze broke out on February 13 and [...]

By | April 8th, 2018|Categories: Business|0 Comments

US workers exposed to radiation

Seven decades after making key portions of the atomic bomb dropped on Nagasaki, Japan, workers at the Hanford Nuclear Reservation are being exposed to radiation as they tear down buildings that helped create the nation's [...]

By | April 8th, 2018|Categories: Business|0 Comments

Ohio company recalls more than 7 tons of BBQ beef

HARRISON, Ohio (AP) — Federal authorities say an Ohio-based food company is recalling more than 14,000 pounds (6,000 kilograms) of pulled barbequed beef products that could be contaminated with rubber.The U.S. agriculture department's... Source: NZ [...]

By | April 8th, 2018|Categories: Business|0 Comments

Cargo ship smashes into historic mansion

A cargo ship has crashed into a historic mansion on Istanbul's Bosporus strait, severely damaging the building.Turkey's official Anadolu news agency said the Maltese-flagged cargo ship had a malfunction Saturday that disabled its... Source: NZ [...]

By | April 8th, 2018|Categories: Business|0 Comments

Iwi leader helps out with Hawke's Bay's apple-picking crisis – more residents urged to pitch in

With immigration officials unable to process potential overseas workers any faster, Hawke's Bay residents are being asked to help alleviate the region's "extreme" apple-picking crisis.That crisis, which has been ongoing since April,... Source: NZ Herald [...]

By | April 8th, 2018|Categories: Business|0 Comments

How to stop your data leaking out of Facebook

If you are one of 2.2 billion Facebook users worldwide, you have probably been alarmed by the recent coverage of the Cambridge Analytica scandal, a story that began when the Guardian revealed 50 million (now [...]

By | April 8th, 2018|Categories: Business|0 Comments

Fletcher price slide sparks fears of index and investor exit

Fletcher Building is trading at its lowest price in nearly a decade, sparking fears it could soon drop out of a key sharemarket index, which may well see big-time investors dump the stock.The company's share [...]

By | April 8th, 2018|Categories: Business|0 Comments

Get Sorted: How to check if you're due a tax refund

One way of staying sorted financially is to make sure you don't overpay someone else for something you can easily do yourself for free. Why would you ever?Case in point: tax refunds. Yep, it's that [...]

By | April 8th, 2018|Categories: Business|0 Comments

Couple underwent a 24-hour 'hackathon' and created a multimillion-dollar business

Husband and wife team Chris Caley and Melanie McVean gave themselves an almighty challenge.In May 2015 they staged a 24-hour "hackathon" and tasked themselves with developing a fully functional business in a single day.For the... [...]

By | April 8th, 2018|Categories: Business|0 Comments

NZ lagging behind rest of the world, says retirement expert

New Zealand is lagging behind other countries by failing to under take a comprehensive review of its retirement policy, a visiting expert is warning.David Harris, a global expert in pension policy, visited New Zealand this [...]

By | April 8th, 2018|Categories: Business|0 Comments

US hits Russia's rich and powerful with sanctions

The United States punished dozens of Russian oligarchs and government officials yesterday with sanctions that took direct aim at President Vladimir Putin's inner circle, as President Donald Trump's administration tried to show he's... Source: NZ [...]

By | April 7th, 2018|Categories: Business|0 Comments

Trump-China trade clash keeps escalating

The trade clash between US President Donald Trump and China's government is escalating, with Beijing pledging to "counterattack with great strength" if Trump follows through on threats to impose tariffs on an additional US$100 billion... [...]

By | April 7th, 2018|Categories: Business|0 Comments

Ship hits historic mansion on Istanbul's Bosporus Strait

ISTANBUL (AP) — A cargo ship has crashed into a historic mansion on Istanbul's Bosporus strait, severely damaging the building.Turkey's official Anadolu news agency said the Maltese-flagged cargo ship had a malfunction Saturday... Source: NZ [...]

By | April 7th, 2018|Categories: Business|0 Comments

Pipeline spill in South Dakota twice as big as first thought

ABERDEEN, S.D. (AP) — A crude oil spill from the Keystone Pipeline in South Dakota last November has turned out to be nearly twice as big as first reported.Around 407,000 gallons (338,900 imperial gallons) spilled [...]

By | April 7th, 2018|Categories: Business|0 Comments

Owner of waterpark where boy died probed over home dispute

KANSAS CITY, Mo. (AP) — The co-owner of a Kansas waterpark where a 10-year-old boy was decapitated on a raft ride is being investigated in Texas over a confrontation with people in his home.New Braunfels, [...]

By | April 7th, 2018|Categories: Business|0 Comments

Air France strike gathers steam; third of flights cancelled

PARIS (AP) — Some 30 percent of Air France flights have been cancelled as strikes over pay rises appear to be intensifying.Saturday's one-day walkout is affecting international and domestic travel, notably a quarter of flights [...]

By | April 7th, 2018|Categories: Business|0 Comments

India to upgrade road and cross-border rail links with Nepal

NEW DELHI (AP) — India pledged Saturday to upgrade road and cross-border rail links with Nepal and develop inland waterways to provide sea connectivity to the landlocked Himalayan nation.Prime Minister Narendra Modi said India would... [...]

By | April 7th, 2018|Categories: Business|0 Comments

27-year-old with a nine-property investment portfolio worth millions owes it all to a $36,000 investment

While most 16-year-olds are busy partying, high school dropout Daniel Walsh was hatching a plan.He was earning just $268 a week while doing his apprenticeship at his dad's auto-electrician business — but he knew he [...]

By | April 7th, 2018|Categories: Business|0 Comments

EPA chief fights for his job in meeting with Trump

WASHINGTON (AP) — Environmental Protection Agency administrator Scott Pruitt has met with President Donald Trump to make his case for why he should remain in his post amid a stream of questions about his ethical [...]

By | April 7th, 2018|Categories: Business|0 Comments

China applies its own maximum pressure policy on Pyongyang

TOKYO (AP) — As the U.S.-North Korea summit looms, President Donald Trump's maximum pressure policy on North Korea may be working — thanks to China.Beijing appears to have gone well beyond U.N. sanctions on its [...]

By | April 7th, 2018|Categories: Business|0 Comments

Stocks sink as investors fear escalation of trade tensions between U.S. and China; Dow industrials down 600 points

NEW YORK (AP) — Stocks sink as investors fear escalation of trade tensions between U.S. and China; Dow industrials down 600 points. Source: NZ Herald Business News

By | April 6th, 2018|Categories: Business|0 Comments

AP News Guide: Facebook tries to quell data concerns

NEW YORK (AP) — Facebook CEO Mark Zuckerberg prepares to face Congress on Tuesday, and No. 2 executive Sheryl Sandberg is on a media blitz as the company tries to contain swirling concerns about how [...]

By | April 6th, 2018|Categories: Business|0 Comments

Recalls this week: space heaters, toy sets

Vornado space heaters are being recalled this week because a certain model can potentially overheat while in use, posing a fire hazard. Other recalled consumer products include toy sets with a battery component that can [...]

By | April 6th, 2018|Categories: Business|0 Comments

Powell says Fed expects to stick with gradual rate hikes

CHICAGO (AP) — Federal Reserve Chairman Jerome Powell on Friday painted a mostly sunny view of the U.S. economy and said the Fed remains committed to raising its key interest rate gradually.In his first speech [...]

By | April 6th, 2018|Categories: Business|0 Comments

Dakota Access pipeline developer submits spill response plan

BISMARCK, N.D. (AP) — The developer of the Dakota Access oil pipeline that goes under a reservoir in the Dakotas has submitted a court-ordered spill response plan, but an American Indian tribe that draws water [...]

By | April 6th, 2018|Categories: Business|0 Comments

Vietnamese worker saved lives as Hawaii fishing boat sank

HONOLULU (AP) — Khanh Huynh has been a commercial fisherman since he was 12 years old. For the past six years, he's been living on a fishing boat in Hawaii, catching premium ahi tuna for [...]

By | April 6th, 2018|Categories: Business|0 Comments

The Latest: Former South Korean President Park found guilty

SEOUL, South Korea (AP) — The Latest on the corruption verdict for former South Korean President Park Geun-hye (all times local):2:45 p.m.A South Korean judge says former President Park Geun-hye is guilty of abuse of [...]

By | April 6th, 2018|Categories: Business|0 Comments

The Latest: China says it will fight US tariffs at any cost

WASHINGTON (AP) — The Latest on a U.S. trade dispute with China (all times local):1:30 a.m.China's commerce ministry says Beijing is prepared to fight the U.S. "at any cost" as a trade dispute between the [...]

By | April 6th, 2018|Categories: Business|0 Comments

Recalls website tops one million views following Takata airbag announcement

Hundreds of thousands of Kiwi drivers have checked whether their car is affected by a nationwide recall of 50,000 vehicles in the last three days.The New Zealand Transport Agency's (NZTA) recalls website has been visited [...]

By | April 6th, 2018|Categories: Business|0 Comments

NZ shares up, Sky TV bounces with Comvita

New Zealand shares gained, led by Sky Network Television bouncing back and Orion Health surging 20 per cent after it confirmed it's considering sale options.The S&P/NZX50 Index rose 29.28 points, or 0.4 per cent, to [...]

By | April 6th, 2018|Categories: Business|0 Comments

Virgin Galactic tests space tourism rocket

Virgin Galactic has conducted the first powered test flight of its new space tourism rocket.Virgin Galactic tweeted that the spaceship named Unity was carried aloft by its mothership and released over California's Mojave Desert... Source: [...]

By | April 5th, 2018|Categories: Business|0 Comments

Obama-era clean-air rule on methane emissions blocked again

WASHINGTON (AP) — An on-again, off-again effort to restrict harmful methane emissions on federal lands is off — again.A federal judge in Wyoming has halted the clean-air rule indefinitely. Judge Scott Skavdahl says it "makes [...]

By | April 5th, 2018|Categories: Business|0 Comments

Facebook under investigation in Australia

Australian authorities say they are investigating whether Facebook breached the country's privacy law when personal information of more than 300,000 Australian users was obtained by Cambridge Analytica, a Trump-linked political consulting... Source: NZ Herald Business [...]

By | April 5th, 2018|Categories: Business|0 Comments

Virgin Galactic conducts 1st powered flight of new spaceship

MOJAVE, Calif. (AP) — Virgin Galactic has conducted the first powered test flight of its new space tourism rocket.Virgin Galactic tweets that the spaceship named Unity was carried aloft by its mother ship and released [...]

By | April 5th, 2018|Categories: Business|0 Comments

Uber suspends service in Greece following new law

Ride-hailing company Uber says it will suspend its service in Greece using private drivers following new legislation approved by the Greek parliament that placed stricter operating restrictions on the company.In an email sent to... Source: [...]

By | April 5th, 2018|Categories: Business|0 Comments

Big Read: Treasury's bold new plan to measure your well-being

"Life is about more than money". Fair call; that's not normally a controversial statement. But should Treasury - every government's lead adviser on economic, financial and regulatory policy - be thinking about more than just [...]

By | April 5th, 2018|Categories: Business|0 Comments

Young couple fined $29,000 for holiday sickie scam after social media pics give them away

A young couple who demanded compensation after claiming they fell ill on holidays were caught out thanks to their social media photos.Chelsea Devine, 21, and Jamie Melling, 22, from Liverpool in the UK, went on [...]

By | April 5th, 2018|Categories: Business|0 Comments

NZ shares drop; Fletcher closes at 9-year low

New Zealand shares fell, led by Sky Network Television, Genesis Energy and Fletcher Building while Kathmandu Holdings and Synlait Milk gained. The S&P/NZX 50 Index dropped 34.09 points, or 0.4 per cent, to 8,363.99. Within [...]

By | April 5th, 2018|Categories: Business|0 Comments

Dollar gains against Aussie as investors fret about trade war impact

The New Zealand dollar rose against the Australian dollar as investors shrugged off better data across the Tasman and remained jittery about the potential impact of a global trade war. Concerns did ease slightly in [...]

By | April 5th, 2018|Categories: Business|0 Comments

Facebook hackers 'collected information on two billion users'

Facebook said Wednesday that "malicious actors" took advantage of search tools on its platform, making it possible for them to discover the identities and collect information on most of its 2 billion users worldwide.The revelation... [...]

By | April 5th, 2018|Categories: Business|0 Comments

Propelled by China, overseas moviegoing surges

NEW YORK (AP) — Propelled by growth in China, global moviegoing reached a record high of $40.6 billion in 2017 despite a downturn in audiences at U.S. and Canada theaters.In its annual report Wednesday, the [...]

By | April 4th, 2018|Categories: Business|0 Comments

Users and investors line up to sue Facebook after scandal

Facebook finds itself in the eye of a rapidly building legal storm over the disclosure of user data to political research firm Cambridge Analytica.Lawsuits are piling up from users and investors. Lawmakers are calling on [...]

By | April 4th, 2018|Categories: Business|0 Comments

Wall Street slides as trade war escalates

Wall Street slid amid concern about the latest moves towards a potential trade war between the US and China. China announced additional tariffs on about US$50 billion of US imports including aircraft, cars and soybeans, [...]

By | April 4th, 2018|Categories: Business|0 Comments

Low-fee KiwiSaver manager launches more funds

Low-cost KiwiSaver provider Simplicity has launched two new index funds aimed at undercutting rivals.It will charge a $30 administration fee and a 0.1 per cent management fee for investment in its New Zealand Share Index [...]

By | April 4th, 2018|Categories: Business|0 Comments

ADP report says small business hiring slowed in March

NEW YORK (AP) — Small business hiring slowed in March, a sign that company owners are holding on to their cautious approach to expanding their staffs.That's the finding of payroll provider ADP, which counted 47,000 [...]

By | April 4th, 2018|Categories: Business|0 Comments

Shares up on A2 Milk bounce-back, Air NZ and Synlait gain

New Zealand shares surged on A2 Milk Co's recovery from last week's selling, while Air New Zealand gained on news it will ditch an alliance with Virgin Australia.The S&P/NZX 50 Index gained 68.15 points, or [...]

By | April 4th, 2018|Categories: Business|0 Comments

Dollar gains as US-China trade war tensions push greenback out of favour

The New Zealand dollar gained against the US dollar which fell amid worries about escalating US-China trade tension added to fears of a global trade war. The kiwi traded at 72.84 US cents as at [...]

By | April 4th, 2018|Categories: Business|0 Comments

New Zealand has one of least generous pensions: OECD report

New Zealand has one of the least generous pensions relative to the working wage, according to research by the Organisation for Economic Co-operation and Development (OECD).Retirees in the Netherlands receive more than 100 per cent... [...]

By | April 4th, 2018|Categories: Business|0 Comments

China vows 'same strength' measures against US tariffs

China on Wednesday vowed to impose measures of the "same strength" in response to a proposed US tariff hike on US$50 billion ($68.6b) worth of Chinese goods in a spiraling technology dispute that has fueled [...]

By | April 4th, 2018|Categories: Business|0 Comments

Splitsville: Air New Zealand parts company with Virgin Australia

An acrimonious split is looming after Air New Zealand pulled the plug on a seven-year relationship with Virgin Australia.In the latest move in a worsening relationship, the New Zealand carrier announced it would not reapply [...]

By | April 4th, 2018|Categories: Business|0 Comments

Picking of massive Northland kiwifruit crop underway

The picking of Northland's multimillion-dollar kiwifruit crop has begun with excellent quantity and quality being reported by growers in what could be a record season.Orchards in the region on average produce about three and a [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Diary prices fall for fourth straight auction

Dairy product prices fell at the Global Dairy Trade auction, dragged lower by an unexpected plunge in anhydrous milk fat. The GDT price index slipped 0.6 percent from the previous auction two weeks ago. The [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Synthetic coolant leaks from power cables in Michigan waters

TRAVERSE CITY, Mich. (AP) — Officials say hundreds of gallons of potentially toxic coolant fluid have leaked from two electric power cables in the waterway that links Lake Huron and Lake Michigan.American Transmission Company says... [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Tesla shares tumble after Elon Musk April Fool's prank

There's no denying life is good when you're Elon Musk.It's easy to tell the billionaire entrepreneur is having fun but his latest joke has gone down like a lead balloon.The SpaceX and Tesla chief executive [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Spotify to test how its music service plays on Wall Street

SAN FRANCISCO (AP) — Spotify is about to find out whether investors view its music streaming service as a budding superstar or a flash in the pan.The Swedish company will make its stock market debut [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Juha Saarinen: Apple's iPad hones in on school sector

Although Apple watchers had tipped that the company would release plenty of new gear last week, like new MacBooks, iPhones, and a combo charging pad for it that could be used for Airpods and Watch [...]

By | April 3rd, 2018|Categories: Business|0 Comments

String of abuses clouds future of Saipan visa program

HONOLULU (AP) — A push to save and expand a visa program unique to the Northern Mariana Islands is hitting the skids after recent cases of labor abuse and visa fraud.The decade-old CW-1 program, which [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Financial pressure builds on cattle disease farmers waiting for compo

The Government has finalised compensation for just three farm businesses out of 31 claims for destroyed cattle affected by the Mycoplasma bovis disease outbreak as Federated Farmers says farmers are feeling financial stress. Herald... Source: [...]

By | April 3rd, 2018|Categories: Business|0 Comments

Cattle farmers furious at the rise of the meatless burger

The US Cattlemen's Association is not happy. Ranchers' ire has been aroused by a raft of new companies that claim to be able to produce the perfect burger – without using meat.Earlier this year, the [...]

By | April 2nd, 2018|Categories: Business|0 Comments

Rotorua retailers welcome Easter Sunday trading

Rotorua retailers say opening on Easter Sunday has been overwhelmingly worthwhile.This was the second year retailers were allowed to open on the day, following the passing of a bylaw in 2016.The manager of women's fashion [...]

By | April 2nd, 2018|Categories: Business|0 Comments

Stocks fall sharply as trade tensions mount with China; Dow Jones industrial average sinks more than 600 points

NEW YORK (AP) — Stocks fall sharply as trade tensions mount with China; Dow Jones industrial average sinks more than 600 points. Source: NZ Herald Business News

By | April 2nd, 2018|Categories: Business|0 Comments

Former Revel casino moving toward reopening as Ocean Resort

ATLANTIC CITY, N.J. (AP) — Atlantic City's former Revel casino is moving toward its reincarnation as the Ocean Resort Casino.The Boardwalk property said Monday it's affiliating with the Hyatt hotel chain. The announcement came on... [...]

By | April 2nd, 2018|Categories: Business|0 Comments

French train strikes aim to disrupt travel, test Macron

PARIS (AP) — Trains around France are grinding to a stop as unions stage a mass strike to challenge President Emmanuel Macron's strategy for making his country more economically competitive.Passengers are sharing cars or canceling... [...]

By | April 2nd, 2018|Categories: Business|0 Comments

New premises for Whanganui car dealer and service business Ignition Motor Group

Whanganui's Ignition Motor Group has relocated to the corner of Dublin and St Hill streets.Principal Ken Williams says they are open for business, however some work such as signage is still being finished off at [...]

By | April 2nd, 2018|Categories: Business|0 Comments

A glance at US products affected by Chinese tariff hikes

Some goods on which the Chinese government raised tariffs Monday.25 PERCENT TARIFFSMost goods targeted for 25 percent tariffs are varieties of pork, for which China is the No. 3 American export market.— PORKFresh and chilled... [...]

By | April 2nd, 2018|Categories: Business|0 Comments

Global markets mostly lower in muted Easter trading

TOKYO (AP) — Global markets mostly fell in muted trading Monday, as markets in Hong Kong, Australia and Europe were closed for Easter.KEEPING SCORE: Trading in France, Germany and Britain was closed for Easter and [...]

By | April 2nd, 2018|Categories: Business|0 Comments

Several ANZ customers billed by Netflix during attempted guessing of account numbers

Several ANZ customers have been billed by Netflix as someone attempted to guess bank account numbers in the streaming service's free trial sign up. ANZ confirmed a small number of customers were affected in New [...]

By | April 2nd, 2018|Categories: Business|0 Comments

This Week: Auto sales, trade balance, nonfarm payrolls

A look at some of the key business events and economic indicators upcoming this week:AUTO SALESAutomakers release their March U.S. sales figures Tuesday.Sales of new cars and trucks declined 2 percent in February from a [...]

By | April 2nd, 2018|Categories: Business|0 Comments

Two-day strike by French workers to disrupt train service

PARIS (AP) — France's national train company is warning that a workers' strike will disrupt train service within France and elsewhere in Europe on Tuesday and Wednesday.SNCF said in a statement on Sunday that only [...]

By | April 1st, 2018|Categories: Business|0 Comments

Data breach hits Saks Fifth Avenue, Lord & Taylor stores

NEW YORK (AP) — A data breach at department store chains Saks Fifth Avenue, Saks Off Fifth and Lord & Taylor has compromised the personal information of customers who shopped at the stores.The chains' parent [...]

By | April 1st, 2018|Categories: Business|0 Comments

Hawaiian Air CEO talks about service, reaching investors

From its perch in the Pacific, Hawaiian Airlines has recovered from bankruptcy filings in the 1990s and 2000s to carve out a profitable niche flying vacationers from the West Coast and Asia to the 50th [...]

By | April 1st, 2018|Categories: Business|0 Comments

Small Business: Cycling party-goers to bars around the city – Beercycle

Beercycle founder Nick Wilson, 26, talks about starting his unique business and how he's had "a lot of luck" getting the business off the ground. What does your business do? Beercycle is a party bike [...]

By | April 1st, 2018|Categories: Business|0 Comments

New Zealand's medium-sized businesses aren't investing enough in R&D, MYOB says

Mid-market firms, which make up 6 per cent of all business, are not investing enough into research and development needed to grow, a new report reveals.Twenty-three per cent of these firms spend less than 1 [...]

By | April 1st, 2018|Categories: Business|0 Comments

Airbnb China to begin submitting guest details to authorities

Airbnb, the sharing portal that connects homeowners with renters for short-term leases, will begin to submit guest details to Chinese authorities from Friday, bringing it in compliance with local regulations requiring foreigners to... Source: NZ [...]

By | April 1st, 2018|Categories: Business|0 Comments

New airline battle lines across the Tasman: Filling a superjumbo gap

New airline battle lines have been drawn across the Tasman to fill the big gap left by the exit of Emirates' two A380s from Auckland to Australia.The Middle Eastern carrier has pulled services from Auckland [...]

By | April 1st, 2018|Categories: Business|0 Comments

Days after fatal crash, Tesla asserts Autopilot 'unequivocally makes the world safer'

For more than a decade, Tesla chief executive Elon Musk has been trying to convince the car-buying masses that it's OK to take our shaky hands off the steering wheel and entrust our lives to [...]

By | April 1st, 2018|Categories: Business|0 Comments

Buyer's agent and author shares her property investment tips

Elaine Davies was a struggling, unemployed single mum with a staggering credit card debt. Here's how she turned it all around. Welsh-born Elaine Davies arrived in Australia as a backpacker in 1992 after working as [...]

By | April 1st, 2018|Categories: Business|0 Comments

What smartphones will look like by 2023

As the head of mobile business for the world's largest smartphone manufacturer, DJ Koh has a decent amount of sway when it comes to the future of our devices.So when news.com.au was offered the chance [...]

By | April 1st, 2018|Categories: Business|0 Comments

Where to build or buy?: The top 10 hot spots

The top 10 hot spots for future property growth have been revealed - and all the important boxes of transport, infrastructure and amenity have been ticked.Property experts have named five areas within Auckland and five [...]

By | March 31st, 2018|Categories: Business|0 Comments

More money for New Zealanders as some wages and benefits rise: What to expect from today

Thousands of New Zealanders can look forward to more money in their pockets from today. Minimum wage employees can now expect $16.50 an hour from their employers, up 75c. Superannuation is going up 1 per [...]

By | March 31st, 2018|Categories: Business|0 Comments

Liam Dann: Ten things shaking the world in 2018

Easter, it's a time for excessive chocolate consumption and illicit garden center visits. But more than that, it offers some time for quiet contemplation as another year hurls by at an accelerating pace.It seems like [...]

By | March 31st, 2018|Categories: Business|0 Comments

Business leaders weigh in on the minimum wage increase to $16.50 per hour

Today's increase to the minimum wage has been welcomed by business leaders.The first of three increases outlined in the Government's plans was met today, increasing the minimum paid hourly rate by 75 cents to $16.50 [...]

By | March 31st, 2018|Categories: Business|0 Comments

Diana Clement: Make the most of your pay rise

Kiwis working on minimum wage, those on benefits, and anyone getting NZ Superannuation get a pay rise today.The increases aren't a king's ransom. The minimum wage rises by 0.75c an hour or $30 before tax [...]

By | March 31st, 2018|Categories: Business|0 Comments

In Iowa's GOP ag epicenter, tariffs spark Trump skepticism

HOSPERS, Iowa (AP) — In Sioux County, where swine barns interrupt the vast landscape of corn-stubbled fields, exports of meat, grain and machinery fuel the local economy. And there's a palpable sense of unease that [...]

By | March 31st, 2018|Categories: Business|0 Comments

EPA to loosen rules for automobile gas mileage, pollution

DETROIT (AP) — The Trump administration is expected to announce that it will roll back automobile gas mileage and pollution standards.Automakers wanted the government to relax the current standards, which were imposed by the Obama... [...]

By | March 31st, 2018|Categories: Business|0 Comments

Facebook executive Andrew Bosworth defends 'ugly truth' memo

Facebook executive Andrew Bosworth says he didn't agree with a provocative memo leaked to Buzzfeed in which he describes the company's mentality to grow and connect people at all costs.Bosworth, who goes by "Boz," said [...]

By | March 31st, 2018|Categories: Business|0 Comments

The Latest: Russian pleads not guilty to US hacking charge

SAN FRANCISCO (AP) — The Latest on a Russian man extradited to the U.S. to face hacking charges (all times local):6:40 p.m.A Russian man has pleaded not guilty to hacking computers at LinkedIn, Dropbox and [...]

By | March 31st, 2018|Categories: Business|0 Comments

Canadian convicted in telemarketing scheme in California

LOS ANGELES (AP) — The owner of a Canadian telemarketing operation has been convicted of mail and wire fraud for orchestrating a scheme that prosecutors say defrauded at least 60,000 people out of more than [...]

By | March 31st, 2018|Categories: Business|0 Comments

Science Says: What we know about cancer risk and coffee

Trouble is brewing for coffee lovers in California, where a judge just ruled that sellers must post scary warnings about cancer risks. But some scientists and available evidence suggest that a daily cup of joe [...]

By | March 30th, 2018|Categories: Business|0 Comments

Promises, promises: Facebook's history with privacy

MENLO PARK, Calif. (AP) — "We've made a bunch of mistakes." ''Everyone needs complete control over who they share with at all times." ''Not one day goes by when I don't think about what it [...]

By | March 30th, 2018|Categories: Business|0 Comments

Recalls this week: electric blankets, halogen light bulbs

Electric blankets that can overheat and start a fire are among this week's recalled consumer products. Others include faulty halogen light bulbs.Here's a more detailed look:ELECTRIC BLANKETSDETAILS: Shop LC's heated micro plush... Source: NZ Herald [...]

By | March 30th, 2018|Categories: Business|0 Comments

The Latest: Launch of Iridium satellites successful

VANDENBERG AIR FORCE BASE, Calif. (AP) — The Latest on the launch of 10 satellites for Iridium Communications (all times local):9:25 a.m.A SpaceX Falcon 9 rocket has successfully launched 10 new satellites for Iridium Communications.The... [...]

By | March 30th, 2018|Categories: Business|0 Comments

South Korea seeking clarity on Trump comments on trade deal

SEOUL, South Korea (AP) — South Korea is trying to find out what President Donald Trump meant when he made remarks linking the recently renegotiated South Korea-U.S. free trade agreement with talks on denuclearizing North [...]

By | March 30th, 2018|Categories: Business|0 Comments

Brian Gaynor: Does big pay bring big results?

Important governance issues have been raised in relation to both Fonterra and Foley Family Wines in recent weeks.The first is the resignation of Fonterra chief executive Theo Spierings.Spierings joined Fonterra in September 2011... Source: NZ [...]

By | March 30th, 2018|Categories: Business|0 Comments

A2 Milk's strong run threatened by rivals in China

The days of The a2 milk Company enjoying first-mover advantage with its A2 beta protein milk products are drawing to a close.The company, which this year became New Zealand's biggest in terms of market capitalisation, [...]

By | March 30th, 2018|Categories: Business|0 Comments

Asian shares track tech, consumer stocks' rally on Wall St

Shares rose in Asia on Friday after technology and consumer-focused stocks led an overnight rally on Wall Street, marking a dramatic end to the market's most volatile quarter in more than two years. Most world [...]

By | March 30th, 2018|Categories: Business|0 Comments

California judge rules that coffee requires cancer warning

LOS ANGELES (AP) — Scientists haven't rendered a verdict on whether coffee is good or bad for you but a California judge has. He says coffee sellers in the state should have to post cancer [...]

By | March 30th, 2018|Categories: Business|0 Comments

Kiwi footwear brand Allbirds soars into Canada

Allbirds, the sustainable footwear company co-founded by former New Zealand soccer star Tim Brown, has expanded into Canada, its fourth global market.San Francisco-based Allbirds started selling minimalist woollen sneakers direct... Source: NZ Herald Business News

By | March 29th, 2018|Categories: Business|0 Comments

Boeing says effect from computer virus was limited

SEATTLE (AP) — Boeing Co. says it detected an attack using the wannacry computer virus but that the intrusion caused little damage or disruption.A Boeing spokeswoman said Thursday that the ransomware virus was contained to [...]

By | March 29th, 2018|Categories: Business|0 Comments

Blackstone Group CEO donates $25M, gets name on high school

ABINGTON, Pa. (AP) — A $25 million donation by Blackstone Group CEO Stephen Schwarzman is getting his name on the Pennsylvania high school he graduated from.Abington Senior High School would be renamed Abington Schwarzman High [...]

By | March 29th, 2018|Categories: Business|0 Comments

US plant that destroys chemical weapons beset by troubles

DENVER (AP) — A highly automated, multibillion-dollar plant in Colorado that destroys U.S. chemical weapons is over budget, behind schedule and bedeviled by troubles that could worsen the danger to workers.But when the Army said... [...]

By | March 29th, 2018|Categories: Business|0 Comments

Nissan and Renault planning to merge: Sources

Renault and Nissan are in talks to merge and create a new automaker that trades as a single stock, people with knowledge of the matter said.A deal would end the current alliance between the companies [...]

By | March 29th, 2018|Categories: Business|0 Comments

Asian shares rise as fears ease over trade dispute, Koreas

HONG KONG (AP) — Most Asian stock markets rose on Thursday, as fears of a U.S.-China trade dispute eased and news of a rare summit between the leaders of North Korea and South Korea shored [...]

By | March 29th, 2018|Categories: Business|0 Comments

India sends notice to Facebook over alleged data breach

NEW DELHI (AP) — India's government has sent a notice to Facebook asking whether the personal data of Indian voters and users has been compromised by U.K.-based Cambridge Analytica or any other downstream entity.A similar [...]

By | March 29th, 2018|Categories: Business|0 Comments

China warns it will 'fight to the end' in a trade war

China's Commerce Ministry has urged Washington to discard planned tariffs it warned might set off a chain reaction that could disrupt global trade and said Beijing will "fight to the end".A ministry spokesman, Gao Feng, [...]

By | March 29th, 2018|Categories: Business|0 Comments

Hung jury in NZ's first insider trading trial for former Eroad manager Hamish Sansom

New Zealand's first insider trading trial has reached a dramatic conclusion - a hung jury.Twelve of Hamish Marc Sansom's peers were selected to judge the landmark case in the High Court at Auckland over the [...]

By | March 29th, 2018|Categories: Business|0 Comments

Bitcoin's 'death cross' could spell doom for crypto investors

People who do so-called "technical analysis" on the pricing charts of stocks and other financial markets have a lot of funny names for things.There's the "dead cat bounce," a "reverse hockey stick," a "diamond top" [...]

By | March 29th, 2018|Categories: Business|0 Comments

Trump hotel business fails to undo Panama coup

WASHINGTON (AP) — A new arbitration ruling says President Donald Trump's family hotel business has lost a bid to regain control of the luxury hotel in Panama that ousted his brand.The decision dashes the Trump [...]

By | March 28th, 2018|Categories: Business|0 Comments

Rifle team gets thousands in donations after NRA grant nixed

STROUDSBURG, Pa. (AP) — Officials say a Pennsylvania high school rifle team has received thousands of dollars in donations since the school board refused a grant from the National Rifle Association.The (Allentown) Morning Call reports... [...]

By | March 28th, 2018|Categories: Business|0 Comments

Board orders pension cuts, studies Puerto Rico wage increase

SAN JUAN, Puerto Rico (AP) — A federal control board overseeing Puerto Rico's finances demanded cuts to the island's crumbling public pension system on Wednesday and said it will consider raising the minimum wage only [...]

By | March 28th, 2018|Categories: Business|0 Comments

Judge allows part of Trump emoluments case to proceed

WASHINGTON (AP) — A federal judge is allowing the state of Maryland and the District of Columbia to partially proceed in a lawsuit accusing President Donald J. Trump of accepting unconstitutional gifts from foreign interests.U.S.... [...]

By | March 28th, 2018|Categories: Business|0 Comments

Potential remains to grow honey industry, says Apiculture CEO

The explosive growth of the mānuka honey industry may be easing but there's potential for more, Apiculture New Zealand CEO Karin Kos says.New Zealand hive numbers were predicted to hit one million by the end [...]

By | March 28th, 2018|Categories: Business|0 Comments

Asian stocks sink, slammed by tech losses

SEOUL, South Korea (AP) — Asian stock markets were in the red Wednesday as tech stocks extended losses following sell-offs of their U.S. peers overnight. Investors are selling technology-related shares on concern governments might... Source: [...]

By | March 28th, 2018|Categories: Business|0 Comments

SoftBank, Saudi Arabia announce massive solar power project

TOKYO (AP) — SoftBank Group Corp. Chief Executive Masayoshi Son announced Wednesday a $200 billion solar power project in Saudi Arabia, which promises to be the largest of its kind ever.The project is in cooperation [...]

By | March 28th, 2018|Categories: Business|0 Comments

First review: Why Apple's new 9.7-inch iPad might not be for you

Apple's latest announcement looked like something out of a teen movie.Rather than holding the event in a pristine, glass auditorium, chief executive Tim Cook chose a historic Chicago high school.And rather than showing off its... [...]

By | March 28th, 2018|Categories: Business|0 Comments

Online ads from unlicensed pot shops roil California market

LOS ANGELES (AP) — Weedmaps is a go-to website for people looking to find a marijuana shop. With a few clicks on a cellphone, customers can find virtually any type of cannabis product, along with [...]

By | March 28th, 2018|Categories: Business|0 Comments

Chinese insurer founder tried for alleged fundraising crimes

BEIJING (AP) — The founder of the Chinese insurer that owns New York City's Waldorf Hotel went on trial Wednesday on charges of improperly raising billions of dollars from investors and abusing his position to [...]

By | March 28th, 2018|Categories: Business|0 Comments

Fair housing advocates sue Facebook, alleging discrimination

NEW YORK (AP) — Fair housing advocates have sued Facebook, saying it lets landlords and real estate brokers target advertising to discriminate against families with children, women and others.The lawsuit was filed Tuesday in New... [...]

By | March 27th, 2018|Categories: Business|0 Comments

Auckland man stunned by bank's response to disputed $8000 credit-card transactions

One Auckland man was stunned to learn he will have to wait 20 working days to learn if false charges of almost $8000 made to his credit card overseas can be cleared by his bank.But [...]

By | March 27th, 2018|Categories: Business|0 Comments

Lawsuit challenges FDA delay of e-cigarette review

WASHINGTON (AP) — Several anti-smoking groups are suing the Food and Drug Administration over a decision by Trump administration officials to delay the review of e-cigarettes.The lawsuit filed Tuesday in federal court argues that... Source: [...]

By | March 27th, 2018|Categories: Business|0 Comments

Small airline Great Lakes suspends flight operations

Great Lakes Airlines, which operated small turboprop planes between destinations in the West and Midwest, has suspended flying.The airline says in a note on its website that it stopped scheduled flights at midnight Monday but [...]

By | March 27th, 2018|Categories: Business|0 Comments

H&M's pile of unsold garments grows to value of $5.5 billion as earnings plunge

Swedish fashion retailer Hennes & Mauritz AB said it's increasing markdowns this quarter after accumulating a record pile of unsold garments worth more than $4 billion (NZ$5.5 billion).Operating profit fell 62 percent to the lowest... [...]

By | March 27th, 2018|Categories: Business|0 Comments

Co-owner of water park company arrested over Kansas death

TOPEKA, Kan. (AP) — A water park company's co-owner is expected to appear in court after his arrest in Texas in connection with a Kansas criminal case arising from a 10-year-old boy's waterslide death.Jeffrey Henry [...]

By | March 27th, 2018|Categories: Business|0 Comments

Greenpeace leaves sustainable wood certification group

JAKARTA, Indonesia (AP) — Greenpeace is withdrawing from the main global group for certifying sustainable wood products, saying it is failing to protect natural forests from exploitation.Greenpeace, a founding member of the Forest... Source: NZ [...]

By | March 27th, 2018|Categories: Business|0 Comments

Wynn Resorts hearing may include alleged misconduct evidence

LAS VEGAS (AP) — Lawyers for the casino mogul's ex-wife say they have evidence of Steve Wynn's pattern of reckless behavior and mismanagement of Las Vegas-based Wynn Resorts and will present it during a hearing [...]

By | March 27th, 2018|Categories: Business|0 Comments

Gun maker Remington seeks bankruptcy protection

Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganisation amid years of slumping sales and legal and financial pressure [...]

By | March 27th, 2018|Categories: Business|0 Comments

Apple looks to return to head of class in education market

CHICAGO (AP) — Apple is hoping to return to the head of the class in the competition to get high-tech products into U.S. classrooms.The trend-setting company is expected to provide more details about its renewed [...]

By | March 27th, 2018|Categories: Business|0 Comments

Northland worker receives $30,000 after burning foot in molten zinc

A Northland company has been ordered to pay more than $400,000 in fines and reparation after a worker's foot was burned in a bath of 465C molten zinc.The accident cost Kamo-based Avon Industries a $371,250 [...]

By | March 26th, 2018|Categories: Business|0 Comments

Mexico appears to sign gas fracking contract with US company

MEXICO CITY (AP) — Mexico's state-owned oil company has signed what appears to be one of its first big gas fracking contracts with a subsidiary of the Texas-based Lewis Energy.The Petroleos Mexicanos company said Monday [...]

By | March 26th, 2018|Categories: Business|0 Comments

Is Zuckerberg willing to act boldly to fix Facebook crisis?

As questions mounted last year about whether Facebook had been exploited to tilt the U.S. presidential election, Mark Zuckerberg landed on a fishing trawler off Alabama's Gulf coast.But the chatter surrounding the CEO's arrival... Source: [...]

By | March 26th, 2018|Categories: Business|0 Comments

Is Zuckerberg willing to act boldly to fix Facebook crisis?

As questions mounted last year about whether Facebook had been exploited to tilt the U.S. presidential election, Mark Zuckerberg's to-do list landed him on a fishing trawler off Alabama's Gulf coast.But the chatter surrounding the... [...]

By | March 26th, 2018|Categories: Business|0 Comments

Facebook stock takes another pounding as US regulator starts investigation

The Federal Trade Commission is investigating Facebook's privacy practices following a week of privacy scandals including allegations a Trump-affiliated political consulting firm got data inappropriately from millions of Facebook... Source: NZ Herald Business News

By | March 26th, 2018|Categories: Business|0 Comments

Afghanis soon to fly missions with Black Hawks from US

KANADAHAR, Afghanistan (AP) — The U.S. military has been flying UH-60 Black Hawk helicopter missions in Afghanistan for years, but the storied aircraft will soon take to the country's battlefields manned by pilots and crews [...]

By | March 26th, 2018|Categories: Business|0 Comments

Mueller probe witness secretly backed UAE agenda in Congress

A top fundraiser for President Donald Trump received millions of dollars from a political adviser to the United Arab Emirates last April, just weeks before he began handing out a series of large political donations [...]

By | March 26th, 2018|Categories: Business|0 Comments

Sky TV shares drop amid hunt for new CEO

Pay TV company Sky is on the hunt for a new chief executive, after John Fellet announced his plan to step down this year - a move analysts say has been expected.Shares in the company [...]

By | March 26th, 2018|Categories: Business|0 Comments

New Zealand's central bank to weigh employment in decisions

WELLINGTON, New Zealand (AP) — New Zealand's central bank said Monday it will consider employment as well as inflation when setting interest rates and making other monetary policy decisions.The Reserve Bank has aimed to keep [...]

By | March 26th, 2018|Categories: Business|0 Comments

The Conversation: Should lab-grown meat be labelled as meat?

Australian regulators will soon be faced with a challenge: can animal flesh produced in a lab be called meat?Amid reports that lab-grown meat could be on sale this year, the US Cattlemen's Association (USCA) last [...]

By | March 26th, 2018|Categories: Business|0 Comments

US gas prices rise 7 cents a gallon over past 2 weeks

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline shot up 7 cents a gallon over the past two weeks to $2.66.Industry analyst Trilby Lundberg said Sunday the increase was driven primarily by [...]

By | March 25th, 2018|Categories: Business|0 Comments

What Russia, China and Silicon Valley have in common: Censorship

Russia's recent declaration that it is prepared to operate its own internet should the West cut off access has struck some observers as more Putinesque bellicosity, which indeed it might be. But Moscow's desire to [...]

By | March 25th, 2018|Categories: Business|0 Comments

Facebook ads apologize for Cambridge Analytica scandal

NEW YORK (AP) — Facebook's CEO apologized for the Cambridge Analytica scandal with ads in multiple U.S. and British newspapers Sunday, saying the social media platform doesn't deserve to hold personal information if it can't [...]

By | March 25th, 2018|Categories: Business|0 Comments

Over 100 German passengers stranded as drunken co-pilot stumbles off plane

A Portuguese airline has apologised for keeping 106 passengers stranded at Stuttgart airport in southwestern Germany after one of its flights was cancelled last-minute because of a drunken co-pilot.Shortly before the TAP Air Portugal... Source: [...]

By | March 25th, 2018|Categories: Business|0 Comments

Rotorua five-star Pullman Hotel work set to start next month

A five-star hotel fit out worth nearly $11 million makes up the bulk of the $14.3 million in commercial consents lodged in Rotorua in the first two months of 2018.The consent for $10,920,000 was lodged [...]

By | March 25th, 2018|Categories: Business|0 Comments

China's new central banker pledges to rein in financial risk

BEIJING (AP) — China's new central bank governor has outlined sweeping changes aimed at reining in rising debt and financial risks but expressed confidence Beijing can prevent potential dangers.Speaking at an economic conference,... Source: NZ [...]

By | March 25th, 2018|Categories: Business|0 Comments

Perth to London direct: The verdict on the Qantas flight

By Alex Robertson The Boeing 787-9 Dreamliner Qantas have for the direct service between Perth and London has been configured with just 236 seats meaning more room for passengers. Some airlines using this aircraft have [...]

By | March 25th, 2018|Categories: Business|0 Comments

Oil and gas chiefs meet as Government mulls future of the sector

Under-pressure oil and gas industry chiefs meet this week amid uncertainty about the Government's plans for the sector and the threat of protests.The industry is gathering in Wellington this week for the Petroleum Conference and... [...]

By | March 25th, 2018|Categories: Business|0 Comments

Australian housing market 'sleepwalking into disaster'

Australia, you are getting complacent.Over the ditch, the big lesson of the last few generations is that house prices always go up. That lesson has been learned, passed on, reinforced by experience and passed on [...]

By | March 25th, 2018|Categories: Business|0 Comments

China warns against 'trade war,' appeals for cooperation

BEIJING (AP) — A top Chinese official warned Sunday a "trade war" would harm all sides but gave no indication of Beijing's possible next move in a spiraling dispute with President Donald Trump over steel [...]

By | March 25th, 2018|Categories: Business|0 Comments

Delta helps hundreds of students fly to DC for gun protest

Delta Air Lines has donated three round-trip charter flights that allowed hundreds of Marjory Stoneman Douglas High School students to participate in the "March for Our Lives" protest against gun violence in Washington.Delta said... Source: [...]

By | March 24th, 2018|Categories: Business|0 Comments

'Something needs to change': Students march for gun reform

WASHINGTON (AP) — Student survivors of the Florida school massacre anchored a massive rally against gun violence Saturday in Washington, D.C., while throngs of other young people took to the streets in cities across the [...]

By | March 24th, 2018|Categories: Business|0 Comments

Family win damages against landlord for 'retaliatory' eviction

An Auckland couple has won financial damages against their landlord after the Tenancy Tribunal ruled their 90-day eviction notice was in part an unlawful "retaliatory" action.Rhys Duncan and his partner went to great lengths to... [...]

By | March 24th, 2018|Categories: Business|0 Comments

Liam Dann: Is Facebook really your friend?

If we needed any more proof that privacy as we knew it is dead, Facebook's Cambridge Analytica scandal is it.Welcome to 1984 . It's not quite the world George Orwell envisioned. It's less overtly authoritarian [...]

By | March 24th, 2018|Categories: Business|0 Comments

Luxury penthouse on market again after dizzying sale

The luxury penthouse that played host to hit show America's Next Top Model is on the market.Regarded as one of the most spectacular apartments in Auckland, the plush pad that sits atop The Sentinel tower [...]

By | March 24th, 2018|Categories: Business|0 Comments

Rachel Rose: Whanganui dentist extracts himself for sabbatical

ONE of our town's most experienced dentists will quietly close the door on his consulting room for the last time this Thursday.Dr David Evans has cared for the teeth of generations of patients in his [...]

By | March 24th, 2018|Categories: Business|0 Comments

GOP in control, but Dems' budget priorities are winning

WASHINGTON (AP) — Under President Barack Obama and a GOP-controlled Congress, Capitol Hill Democrats had to scratch and claw for months to get tiny increases for domestic programs — or just hold them level.The $1.3 [...]

By | March 24th, 2018|Categories: Business|0 Comments

Benefits of lobbying evident for small drugmaker

WASHINGTON (AP) — Tucked in the massive congressional budget bill is a provision that props up the price Medicare pays for a handful of medications, costing taxpayers millions at a time when the Trump administration [...]

By | March 24th, 2018|Categories: Business|0 Comments

China's economic czar tells US Beijing will defend interests

BEIJING (AP) — China's newly-appointed economic czar told U.S. Treasury Secretary Steven Mnuchin Saturday that Beijing is ready to defend its interests after President Donald Trump announced plans to slap tariffs on nearly $50 billion... [...]

By | March 24th, 2018|Categories: Business|0 Comments

Spotify reveals 2 million free users are dodging ads

Music streaming service Spotify said on Friday about 2 million of its non-paying users were suppressing advertisements, highlighting a potential revenue risk for the soon-to-be public company.Spotify had 157 million active users... Source: NZ Herald [...]

By | March 24th, 2018|Categories: Business|0 Comments

Micron Technology and Lincoln National skid; Nike rises

NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday:Cintas Corp., up $4.74 to $167.85The uniform supplier had a stronger quarter than analysts expected.Micron Technology Inc., down $4.71 to $54.21Technology... Source: NZ Herald [...]

By | March 23rd, 2018|Categories: Business|0 Comments

US stocks tumble in biggest weekly decline since 2016

U.S. stocks tumbled, sending the S&P 500 Index to its biggest weekly loss in more than two years, on concern that a trade war and higher borrowing rates could throttle global growth. Oil surged on [...]

By | March 23rd, 2018|Categories: Business|0 Comments

Dow Jones industrials sink 425 points, closing out their worst week in two years and extending weekly drop to 1,400

NEW YORK (AP) — Dow Jones industrials sink 425 points, closing out their worst week in two years and extending weekly drop to 1,400. Source: NZ Herald Business News

By | March 23rd, 2018|Categories: Business|0 Comments

How much is your personal data worth?

If most people were asked how much their privacy is worth, they'd likely say it's priceless. Unfortunately, hackers and identity thieves aren't so generous. User logins for many of the most popular apps sell for [...]

By | March 23rd, 2018|Categories: Business|0 Comments

Oregon attorney general considers Facebook investigation

SALEM, Ore. (AP) — Oregon's attorney general says she is reviewing whether to launch an investigation of Facebook, including whether it violated a state law that protects online customers' private information.Ellen Rosenblum told... Source: NZ [...]

By | March 23rd, 2018|Categories: Business|0 Comments

Congress OKs $1.3 trillion budget, averting another shutdown

WASHINGTON (AP) — Congress has given final approval to a giant $1.3 trillion spending bill that ends the budget battles for now. But that came only after late obstacles skirted close to another shutdown as [...]

By | March 23rd, 2018|Categories: Business|0 Comments

World markets roiled by rising fears of US-China trade war

HONG KONG (AP) — Fears of a trade war roiled financial markets and sent the dollar wobbling Friday after Beijing retaliated against the Trump administration's tariff hikes by threatening import duties on U.S. goods.Stocks plunged... [...]

By | March 23rd, 2018|Categories: Business|0 Comments

Senate OKs $1.3 trillion for defense, domestic programs, sending measure to Trump and averting weekend federal shutdown

WASHINGTON (AP) — Senate OKs $1.3 trillion for defense, domestic programs, sending measure to Trump and averting weekend federal shutdown. Source: NZ Herald Business News

By | March 23rd, 2018|Categories: Business|0 Comments

Trade war fears hit Kiwi sharemarket

New Zealand's NZX 50 Index dropped nearly 1 per cent on global trade news, with Synlait Milk and Sky Network Television suffering while CBL remained in a trading halt as its administrators gained more time [...]

By | March 23rd, 2018|Categories: Business|0 Comments

Dollar ekes out small weekly gain over greenback

The New Zealand dollar is headed toward a 0.1 per cent weekly gain in the face of a broadly weaker greenback as investors fret about a possible trade war.The kiwi traded at 72.24 US cents [...]

By | March 23rd, 2018|Categories: Business|0 Comments

House committee calls for Facebook's Zuckerberg to testify

WASHINGTON (AP) — The leaders of a key House committee declared Thursday that Facebook officials failed to answers questions about a privacy scandal involving a Trump-connected data-mining company, and they want CEO Mark Zuckerberg... Source: [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Estate agent: Scrapping letting fees will increase Hawke's Bay rents

Proposals to scrap letting fees for rental houses could see property management companies here lose $4 million a year - and some will not be able to take such a "hit".Housing Minister Phil Twyford yesterday [...]

By | March 22nd, 2018|Categories: Business|0 Comments

CNN chief Jeff Zucker says Fox News is propaganda machine

NEW YORK (AP) — CNN chief Jeff Zucker sharply attacked the network's rivals at Fox News Channel on Thursday, saying that it has become a propaganda machine that is "doing an incredible disservice to the [...]

By | March 22nd, 2018|Categories: Business|0 Comments

New York, New Jersey airport workers to see wage hike to $19

JERSEY CITY, N.J. (AP) — Workers at New York-area airports will see their wages nearly double over the next five years.The Port Authority of New York and New Jersey on Thursday approved a phased-in raise [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Elon Musk is today's Henry Ford – and that's bad

The idea that Silicon Valley could reinvent the auto sector the way Apple reinvented mobile phones is an appealing one, and by some metrics, Tesla has done just that. The Silicon Valley automaker's distinctive product [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Asian shares mixed after Fed raises interest rates

BANGKOK (AP) — Shares were mixed in Asia on Thursday after U.S. stock indexes finished with small losses following the Federal Reserve's interest rate hike.KEEPING SCORE: Japan's Nikkei 225 index gained 1.0 percent to 21,591.25... [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Can Zuckerberg's media blitz take the pressure off Facebook?

NEW YORK (AP) — In the wake of a privacy scandal involving a Trump-connected data-mining firm, Facebook CEO Mark Zuckerberg embarked on a rare media mini-blitz in an attempt to take some of the public [...]

By | March 22nd, 2018|Categories: Business|0 Comments

AP Explains: How a phone may have steered hunt for bomber

SAN FRANCISCO (AP) — Most people who own a smartphone take it wherever they go, a fact of modern life that enabled authorities to hunt down the man suspected in five Texas bombings before he [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Flying long: the growth of ultra-marathon flights and what they mean for Kiwis

When Qantas flight QF9 takes off from Perth on Sunday, heading for London non-stop, it will break new ground in ultra-long range flying.The 17-hour-plus flight will be the longest service by a Boeing 787 Dreamliner, [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Bank of England set to offer clues on possible May rate hike

LONDON (AP) — The Bank of England is expected to keep its main interest rate unchanged Thursday but indicate that it could hike again in May to keep a lid on inflation as wages start [...]

By | March 22nd, 2018|Categories: Business|0 Comments

Arsenic in groundwater? Virginia coal ash case before court

RICHMOND, Va. (AP) — Virginia's largest electric utility asked a federal appeals court Wednesday to overturn a judge's ruling that the company is violating federal law by discharging arsenic through groundwater into surrounding waters... Source: [...]

By | March 21st, 2018|Categories: Business|0 Comments

Correction: Earns-Laureate Education story

BALTIMORE (AP) — In a story Tuesday about Laureate Education Inc.'s quarterly results — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously that results missed estimates.... Source: [...]

By | March 21st, 2018|Categories: Business|0 Comments

Which countries will dodge tariff ax? Answer by end of April

WASHINGTON (AP) — America's top trade negotiator says the Trump administration will decide by the end of April which countries will be spared from steep taxes on steel and aluminum imports.U.S. Trade Rep. Robert Lighthizer [...]

By | March 21st, 2018|Categories: Business|0 Comments

Big oil lawsuits turns into lesson on climate change

A federal judge presiding over lawsuits that accuse big oil companies of lying about global warming to protect their profits turned his courtroom into a classroom Wednesday in what could be the first hearing to [...]

By | March 21st, 2018|Categories: Business|0 Comments

Aussie digger to blame for your slow internet

Kiwis experiencing slow or a complete breakdown in their internet connections might have an Australian digger driver to blame. A major fibre cut in Sydney is affecting international internet links to New Zealand and the [...]

By | March 21st, 2018|Categories: Business|0 Comments

Spierings departure not linked to loss – Wilson

Fonterra chairman John Wilson was quick to extinguish the suggestion that the co-operative's troubles in China were the reason behind chief executive Theo Spierings decision to leave New Zealand's top job, while Spierings himself... Source: [...]

By | March 21st, 2018|Categories: Business|0 Comments

Opinion: Why Air NZ is the politicians' favourite whipping boy

Shane Jones isn't the first and won't be the last politician to stick it to Air New Zealand.Although he may have picked the wrong place to first have a crack — Kerikeri's air links are [...]

By | March 21st, 2018|Categories: Business|0 Comments

'It can affect anyone': James Packer's mental health struggles show 'no one is immune'

The shock announcement that billionaire James Packer had resigned as a director of Crown Resorts for "personal reasons" is just the latest episode in the 50-year-old's tumultuous personal life to play out in the public [...]

By | March 21st, 2018|Categories: Business|0 Comments

Mark Zuckerberg has gone quiet during growing Facebook backlash

Facebook remains in damage control in the face of global criticism over how a third party allegedly used data from 50 million user profiles to target them with messages to sway political elections.The story has [...]

By | March 21st, 2018|Categories: Business|0 Comments

Fonterra CEO's empathy with farmers questioned

Federated Farmers vice-president Andrew Hoggard says a criticism of exiting Fonterra chief executive Theo Spierings is that he did not connect with "the standard farmer" as well as predecessor Andrew Ferrier.A search has started... Source: [...]

By | March 21st, 2018|Categories: Business|0 Comments

The board of data mining firm Cambridge Analytica has suspended CEO Alexander Nix pending an investigation

LONDON (AP) — The board of data mining firm Cambridge Analytica has suspended CEO Alexander Nix pending an investigation. Source: NZ Herald Business News

By | March 20th, 2018|Categories: Business|0 Comments

Cambridge Analytica: We designed Trump campaign strategy

LONDON (AP) — Cambridge Analytica chief executive Alexander Nix has said in comments that were secretly recorded and broadcast Tuesday by Britain's Channel 4 news that his company played a major role in securing Donald [...]

By | March 20th, 2018|Categories: Business|0 Comments

Mandated study of Dakota Access line to miss completion goal

BISMARCK, N.D. (AP) — More time is needed to finish additional court-ordered environmental study of the Dakota Access oil pipeline due to difficulties in getting needed information from American Indian tribes fighting the project... Source: [...]

By | March 20th, 2018|Categories: Business|0 Comments

Italian fashion chamber working toward sustainability goals

MILAN (AP) — The head of the Italian Fashion Chamber says the body is working toward creating clear criteria of what it means for the fashion industry to be environmentally sustainable.Noting that fashion is the [...]

By | March 20th, 2018|Categories: Business|0 Comments

Peter Peterson, billionaire and philanthropist, dies at 91

NEW YORK (AP) — Peter G. Peterson, a billionaire and business executive who became one of the most prominent voices to argue for entitlement reform and reducing the U.S. national debt, died of natural causes [...]

By | March 20th, 2018|Categories: Business|0 Comments

The post box that hasn't been emptied since October

Australia Post has been forced to apologise to residents of a Victorian town after it was revealed a post box had not been emptied for five months.The box, located in Beechworth, had been neglected by [...]

By | March 20th, 2018|Categories: Business|0 Comments

'Dumb f***s': The two words coming back to bite Mark Zuckerberg amid latest data scandal

When Mark Zuckerberg was a 19-year-old he had a conversation with a friend he must surely regret today.Talking over an online instant messenger service on their Harvard campus, Zuckerberg expressed disbelief at the fact other [...]

By | March 20th, 2018|Categories: Business|0 Comments

Crash marks 1st death involving fully autonomous vehicle

TEMPE, Ariz. (AP) — A fatal pedestrian crash involving a self-driving Uber SUV in a Phoenix suburb could have far-reaching consequences for the new technology as automakers and other companies race to be the first [...]

By | March 20th, 2018|Categories: Business|0 Comments

Asian shares mixed as some recover from earlier slump

TOKYO (AP) — Asian shares were mixed Tuesday as some indexes recouped earlier losses set off by an overnight decline on Wall Street. Investors are awaiting the first Federal Reserve meeting under the new chairman, [...]

By | March 20th, 2018|Categories: Business|0 Comments

First details of woman mowed down and killed by self-driving Uber

A self-driving Uber car hit and killed a pedestrian as she was crossing the road in the first fatality involving the controversial fleet of autonomous vehicles.Elaine Herzberg, 49, was hit by an SUV around 10pm [...]

By | March 20th, 2018|Categories: Business|0 Comments

Steve Wynn settled with second woman over sex allegations

LAS VEGAS (AP) — Attorneys for embattled casino mogul Steve Wynn say in court documents that he brokered a settlement with a second woman who accused him of sexual misconduct more than a decade ago.The [...]

By | March 19th, 2018|Categories: Business|0 Comments

The Latest: Dems reject Dreamer provision for spending bill

WASHINGTON (AP) — The Latest on efforts in Congress to reach a deal on a $1.3 trillion spending bill (all times local):1:55 p.m.Congressional Democrats have rejected a White House bid to extend protections for so-called [...]

By | March 19th, 2018|Categories: Business|0 Comments

Facebook stocks plunge as pressure mounts on Zuckerberg

US stock indexes tumbled in afternoon trading on Monday, as a sharp drop in Facebook dragged technology companies down. The social media company is facing new criticism related to privacy issues following reports that a [...]

By | March 19th, 2018|Categories: Business|0 Comments

Driverless Uber car kills female pedestrian in first deadly crash

A self-driving Uber car has killed a pedestrian in Arizona in what is believed to be the first death involving an autonomous vehicle.The crash occurred in the city of Tempe on Monday morning. Local police [...]

By | March 19th, 2018|Categories: Business|0 Comments

The Latest: Self-driving tests halted after pedestrian dies

TEMPE, Ariz. (AP) — The Latest on the pedestrian death involving a self-driving vehicle in Tempe (all times local):10:35 a.m.Uber says it has suspended all of its self-driving testing following what is believed to be [...]

By | March 19th, 2018|Categories: Business|0 Comments

Indonesia faces challenge to seizure of yacht wanted by US

JAKARTA, Indonesia (AP) — Indonesian police say a luxury yacht seized as part of a U.S. probe into the alleged multibillion-dollar theft of funds from a Malaysian state investment company has not been handed over [...]

By | March 19th, 2018|Categories: Business|0 Comments

Kiwifruit industry needs to spend a cool $1 billion to keep up with hot demand

A $1 billion bill is coming for the industry that handles kiwifruit after they're harvested, to keep pace with Zespri's ambitious outlook for exports.Zespri, which markets most of New Zealand's export kiwifruit crop, expects demand... [...]

By | March 19th, 2018|Categories: Business|0 Comments

Why the tech bubble is ready to burst

We are deep into the tech bubble now. I remember the feeling from last time. It is like missing a train — a sense that everyone else is going somewhere extremely important and you're missing [...]

By | March 19th, 2018|Categories: Business|0 Comments

Good news! The robot says you're hired

Don't expect a grilling from R2D2, but your next interview might involve artificial intelligence, writes Caroline Bullock. When the boss of a pharmaceuticals firm scribbled "heels, red lipstick, good" on the CV of a woman [...]

By | March 19th, 2018|Categories: Business|0 Comments

New Zealand dollar slips as investors wait for interest rate calls

The New Zealand dollar slipped and is poised to go lower with the focus firmly on this week's policy reviews at the US Federal Reserve and New Zealand's central bank, where the Fed is expected [...]

By | March 19th, 2018|Categories: Business|0 Comments

Nine entrants, five finalists in Ballance Farm Environment Awards, Tararua dairy farm wins

A dairy farm milking 720 Friesian/Jersey cross cows once a day has been named the supreme winner in this year's Ballance Farm Environment Awards.It's Andrew Hardie and Helen Long's Te Maunga Farm, 428ha east of [...]

By | March 18th, 2018|Categories: Business|0 Comments

3.0-magnitude earthquake rattles parts of central Oklahoma

LANGSTON, Okla. (AP) — A 3.0-magnitude earthquake has shaken parts of central Oklahoma.The U.S. Geological Survey says the quake was recorded at 1:50 p.m. Sunday about 9 miles (15 kilometers) north-northwest of Langston, which is... [...]

By | March 18th, 2018|Categories: Business|0 Comments

German auto supplier opens $46.3 million plant in Alabama

WOODSTOCK, Ala. (AP) — MöllerTech, a German auto supplier, has opened a $46.3 million plant in central Alabama.Company officials say 222 employees will be hired at the new supply plant by the end of 2019. [...]

By | March 18th, 2018|Categories: Business|0 Comments

Driverless cars will deliver pizza and parcels before people

In the wait for self-driving technology, cell-phone toting tech bros may have to cede their spot in line to pizzas, Craigslist couches and the mounting ephemera of e-commerce.The future - at least in the near-term [...]

By | March 18th, 2018|Categories: Business|0 Comments

Multimillion-dollar Tauranga research institute set to open this year

A new multimillion-dollar horticulture-focused regional research institute plans to be operational in Tauranga during the second half of this year.Last July the Government announced it would provide $8.42 million in funding towards... Source: NZ Herald [...]

By | March 18th, 2018|Categories: Business|0 Comments

Former IT worker Calvin Leung's coffee empire Plantation Specialty Coffee to turn over $2m in 2018

When Calvin Leung was fired from his steady job, it ended his successful IT career — but he couldn't be happier.The self-described "computer nerd" had worked in Canberra for five years when he had a [...]

By | March 18th, 2018|Categories: Business|0 Comments

Real estate agents to MPs: Sledgehammer approach to non-existent problem

Awarding up to $100,000 in damages to victims of a real estate agent's poor behaviour would be taking a sledgehammer to something that isn't broken, real estate agents say.Parliament is considering the Courts Matters & [...]

By | March 18th, 2018|Categories: Business|0 Comments

Chinese Premier Li Keqiang appointed to second 5-year term

BEIJING (AP) — China's ceremonial legislature appointed Premier Li Keqiang, the No. 2 leader of the ruling Communist Party, to a second five-year term Sunday and approved the appointment of a director for a new [...]

By | March 18th, 2018|Categories: Business|0 Comments

Apple founder Steve Jobs' 1973 job application sells for $242k

A job application filled out by the late Apple founder Steve Jobs at the age of 18 revealing his early interest in the technology sector has sold for US$174,757 ($242,143) at auction.The one-page hand-filled out [...]

By | March 18th, 2018|Categories: Business|0 Comments

Billionaire space pioneer Elon Musk has branded his father 'evil'

He is the nerdish genius who likes to think big and spend big –a visionary billionaire who will not rest until he has changed the world.Elon Musk's Tesla electric cars are already the leaders in [...]

By | March 18th, 2018|Categories: Business|0 Comments

Steady fire delays search for missing chemical plant worker

CRESSON, Texas (AP) — The search for a man missing since a North Texas chemical plant exploded and caught fire on Thursday has been postponed because of dangerous site conditions.Cresson Mayor and Assistant Fire Chief [...]

By | March 17th, 2018|Categories: Business|0 Comments

If you savor scallops, good news: Price drop may be in store

PORTLAND, Maine (AP) — Good news for scallop fans. Already one of the most readily available higher-priced seafoods to consumers, the succulent shellfish could fall in price this year.American harvests of scallops have grown in... [...]

By | March 17th, 2018|Categories: Business|0 Comments

New Herald Insights interactive: How much does rent cost in your suburb?

The areas that have suffered the biggest rent hikes, causing some Kiwis to struggle to make ends meet, have been revealed. A new interactive created by the Herald Insights team shows how the average weekly [...]

By | March 17th, 2018|Categories: Business|0 Comments

Liam Dann: House price lull doesn't fix problem for first home buyers

It's almost April and this is the first column I've written about the housing market this year. What gives? We still have a housing crisis, right? Why did I stop caring?I'm at risk of coming [...]

By | March 17th, 2018|Categories: Business|0 Comments

Allbirds: The Kiwi wool shoes taking the world by storm

Food writer Kathy Paterson doesn't need to think about which shoes to wear when she gets dressed in the morning. For the past year or more she has worn her "uniform" almost every day: casual [...]

By | March 17th, 2018|Categories: Business|0 Comments

Facebook bans Trump-affiliated data firm Cambridge Analytica

Facebook is suspending Cambridge Analytica, a data-analysis firm that worked for the Trump campaign, while it investigates whether the company held onto improperly obtained user data after telling Facebook it had deleted the information.The... Source: [...]

By | March 17th, 2018|Categories: Business|0 Comments

Bye-bye box seats? Tax law may curb corporate cash at games

WASHINGTON (AP) — Could the crackdown on tax loopholes clamp down on corporate schmoozing?The new tax law ends a benefit prized by business for impressing customers or courting new ones. And the impact could be [...]

By | March 17th, 2018|Categories: Business|0 Comments

Trump's possible China tariffs send opponents scrambling

WASHINGTON (AP) — President Donald Trump is considering sweeping tariffs on imports from China, with an announcement possible as early as next week. And that has industry groups and some lawmakers scrambling to prevent the [...]

By | March 17th, 2018|Categories: Business|0 Comments

Shark Tank's record $2.5 million deal collapses

The biggest deal in Australian Shark Tank history was a dud.Last year, Kane Bodiam scored a record AU$2.5 million (NZ$2.6 million) investment from entrepreneur Andrew Banks for a 22.5 per cent stake in his biodegradable [...]

By | March 17th, 2018|Categories: Business|0 Comments

Watch: Dog mistakenly flown overseas returned to family

A dog that United Airlines mistakenly flew to Japan is back with its family in Kansas.The 10-year-old German shepherd named Irgo arrived at a Wichita airport Thursday night after a flight on a private plane [...]

By | March 17th, 2018|Categories: Business|0 Comments

APNewsBreak: US demands proof steel is safe in nuke plant

SPOKANE, Wash. (AP) — The federal government is demanding that the company building a giant nuclear waste treatment plant in Washington state provide records proving that the steel used in the nearly $17 billion project [...]

By | March 16th, 2018|Categories: Business|0 Comments

WSJ: Fed investigation into Wells Fargo broadens

NEW YORK (AP) — A federal investigation into Wells Fargo has broadened to include its wealth-management division, according to a Wall Street Journal report Friday.Wells Fargo is wrestling with the aftermath of a scandal in [...]

By | March 16th, 2018|Categories: Business|