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Drought hits food supplies in Central America

Business New from NZ Herald - 1 hour 2 min ago
GUATEMALA CITY (AP) Central America is having one of its worst droughts in decades, and experts warned Thursday that major farm losses and the deaths of hundreds of cattle in the region could leave hundreds of thousands of families...
Categories: NZ Herald Business

Sky TV profits surge 21pc to $165m

Business New from NZ Herald - 1 hour 27 min ago
Sky Network Television, New Zealands dominant pay#45;TV company, posted a better than expected 21 per cent gain in annual profit as it boosted revenue from more subscribers.The Auckland#45;based company said profit rose to $165.8...
Categories: NZ Herald Business

Spark turnaround gathers pace - profit up at telco

Business New from NZ Herald - 1 hour 32 min ago
Spark, the company formerly known as Telecom, now has more than 2 million mobile customers and says its strategy to turn its business around is gathering pace.The company reported profit from ordinary activities, excluding discontinued...
Categories: NZ Herald Business

Teen quits job after boss tells her not to say kia ora

Business New from NZ Herald - 1 hour 37 min ago
A Whangarei teenager has quit her first job after being ticked off for welcoming customers into a city centre store with the words kia ora instead of saying hello.Monet-Mei Clarke, 17, resigned from the KiwiYo frozen yoghurt...
Categories: NZ Herald Business

John Drinnan: Slater has a friend in Israel

Business New from NZ Herald - 1 hour 43 min ago
Cameron Slater and his Whale Oil Beef Hooked website have some passionate advocates. But Slater presents some risks as part of a public relations strategy.For instance, DB Breweries was this week trying to distance itself from Slater,...
Categories: NZ Herald Business

Dita De Boni: Hey Mr Big, its not about you

Business New from NZ Herald - 1 hour 48 min ago
Being nice is such an underestimated quality in a person, yet whats so wrong with wanting our various leaders and managers to be simply that: nice?Im not talking wimpy nice, hopelessly indecisive nice, or pushover nice. And certainly...
Categories: NZ Herald Business

Vector profit down on mandated price cuts

Business New from NZ Herald - 1 hour 52 min ago
Auckland electricity and gas network operator Vector saw net profit after tax fall 16.9 percent to $171.3 million in the year to June 30, as regulator-mandated cuts to its monopoly assets bit into revenues, along with lower consumption...
Categories: NZ Herald Business

NZ wine pops its export cork

Business New from NZ Herald - 1 hour 57 min ago
New Zealand wine has established itself as a major commodity after exports increased by 10 per cent in volume and value to a record $1.33 billion in the year to June, says New Zealand Winegrowers in its annual report.Wine exports...
Categories: NZ Herald Business

Assignee drops Peters bankruptcy bid

Business New from NZ Herald - 2 hours 7 min ago
Authorities are giving up the fight to put former property developer Jamie Peters back into bankruptcy and will withdraw their case against him from the Court of Appeal.Peters, an ex-rich lister who by his own estimation bought...
Categories: NZ Herald Business

NZ dollar pops above 84 US cents

Business New from NZ Herald - 2 hours 27 min ago
The New Zealand dollar gained overnight, popping back above the key 84 US cent level, as traders look to an upcoming speech by US Federal Reserve chair Janet Yellen to the annual Jackson Hole gathering of central bank governors, amid...
Categories: NZ Herald Business

Bank of America agrees to pay $17b settlement

Business New from NZ Herald - 3 hours 12 min ago
The US government has reached a $US16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced overnight.The deal...
Categories: NZ Herald Business

Home Depot says Menear will become CEO on Nov. 1

Business New from NZ Herald - 3 hours 17 min ago
NEW YORK (AP) Home Depot says Craig Menear, the president of its U.S. retail operations, will become president and CEO of the company Nov. 1.Frank Blake has been Home Depots chairman and CEO since 2007, and he will remain chairman...
Categories: NZ Herald Business

How the Dow Jones industrial average did Thursday

Business New from NZ Herald - 3 hours 17 min ago
The stock market advanced for a fourth straight day Thursday, pushing the Standard Poors 500 index to a record high. Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multi-year...
Categories: NZ Herald Business

Mexican mining firm complains about probe of spill

Business New from NZ Herald - 3 hours 17 min ago
MEXICO CITY (AP) A mining conglomerate charged Thursday that it is being subjected to punitive legal actions by Mexican officials because one of its mines spilled acid-laced copper sulfate and heavy metals into two rivers.Environmental...
Categories: NZ Herald Business

Unexpected summer blockbuster: Chinese stock funds

Business New from NZ Herald - 3 hours 17 min ago
NEW YORK (AP) Surprise: One of the summers hottest investments was also one of the most anxiety-inducing a few months earlier.Dollars are pouring into China again despite worries about the countrys slowing economic growth. Chinese...
Categories: NZ Herald Business

Hobbit jobs row buried four years on

Business New from NZ Herald - 3 hours 17 min ago
Four years after a bitter industrial row over the filming of The Hobbit the New Zealand screen industry body Spada and actors union Equity have made their peace.Spada has signed an agreement with the union on terms and conditions...
Categories: NZ Herald Business

Wall Street touches record overnight

Business New from NZ Herald - 3 hours 22 min ago
Wall Street rose overnight, lifting the Standard amp; Poor#39;s 500 Index to a record, as a flurry of economic data underpinned the view that growth in the world#39;s largest economy is accelerating at a pace that allows the US...
Categories: NZ Herald Business

Stock takes: Drury Hits Back

Business New from NZ Herald - 3 hours 28 min ago
Xero boss Rod Drury is disappointed with the sell recommendation Craigs Investment Partners has slapped on the companys stock and he says some financial analysts are overestimating the strength of the Kiwi firms main competitor...
Categories: NZ Herald Business

Steady hand up against a wider vision

Business New from NZ Herald - 3 hours 33 min ago
New Zealands economic recovery is tentatively under way, albeit with a few wobbles.The path out of recession has been built largely on commodity exports and the rebuild of Christchurch in the wake of its earthquakes.In its six...
Categories: NZ Herald Business

Small forests get helping hand

Business New from NZ Herald - 3 hours 38 min ago
A company offering small forest owners less risky options for realising their investment was launched in Wellington today. United Forestry Groups business model is to consolidate the output of a number of forests in an area to...
Categories: NZ Herald Business
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