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$338M fund in deadly oil train derailment close to approval

Business New from NZ Herald - 1 hour 43 min ago
PORTLAND, Maine (AP) A Canadian railroads withdrawal of opposition to a $338 million fund for victims of an oil train derailment that killed 47 people in Quebec has set the stage for final approval and compensation for victims.A...
Categories: NZ Herald Business

Chinese buyers to turn two Auckland farms into vast new housing estates

Business New from NZ Herald - 4 hours 53 min ago
Chinese interests have bought two farms north of Auckland spanning 94.4ha which will soon be rezoned from rural to urban, allowing vast new housing estates to be built.A 46.4ha property south of Warkworth opposite Valerie Close...
Categories: NZ Herald Business

Google is making you more forgetful

Business New from NZ Herald - 4 hours 53 min ago
Quartz flagged an interesting report with an ominous name on Thursday: According to research by the cybersecurity firm Kaspersky Lab, digital amnesia is gradually blotting out our brains.The report surveyed 6,000 adults in six...
Categories: NZ Herald Business

Fight to keep view-blocking fence

Business New from NZ Herald - 4 hours 58 min ago
The man who was ordered to remove his fence because it was blocking his neighbours views of Wellington harbour is appealing the decision.David Walmsley built a four-metre-high, 11-metre-long fence on his exclusive Maida Vale Rd...
Categories: NZ Herald Business

The Big Read: From Taranaki to Africa

Business New from NZ Herald - 5 hours 3 min ago
Theyve been turning out in droves to see the Stephen Jennings show.Kenyans young and old have been packing Nairobi venues to hear the Kiwi rich-lister denounce private sector corruption, which he says is one of the biggest threats...
Categories: NZ Herald Business

Iamgold to cut 10 percent of workers at Suriname gold mine

Business New from NZ Herald - 5 hours 18 min ago
PARAMARIBO, Suriname (AP) A Canadian company that operates a gold mine in Suriname says it will dismiss roughly 10 percent of its workforce to reduce costs amid low global prices for the precious metal.Toronto-based Iamgold Corp....
Categories: NZ Herald Business

Descendants lose Te Atatu waterfront land claim

Business New from NZ Herald - 5 hours 33 min ago
A legal dispute over 70ha of waterfront land on Aucklands Te Atatu Peninsula has resulted in the descendants of the original owners losing their battle to regain the property.The Court of Appeal has just released a decision on...
Categories: NZ Herald Business

Former SPGI director Mark Turnock pleads guilty

Business New from NZ Herald - 5 hours 43 min ago
Mark Turnock, former company director of SPG Investment Company No 1 (SPGI), has pleaded guilty to a charge brought by the Financial Markets Authority over making false statements. Turnock pleaded guilty in the Auckland High Court...
Categories: NZ Herald Business

Brian Gaynor: How KiwiSavers react to a market downturn

Business New from NZ Herald - 5 hours 48 min ago
There have been a large number of letters in the media over recent weeks from concerned KiwiSaver investors. These investors are worried about the downturn in the worlds equity markets and the impact this will have on their portfolios.Comments...
Categories: NZ Herald Business

Event Cinemas warned after phoney $1m competition

Business New from NZ Herald - 5 hours 52 min ago
Event Cinemas has landed in hot water with regulators after customers were potentially mislead by the promise of $1 million competition prize.The Commerce Commission issued a a href=
Categories: NZ Herald Business

Small Business: Co-working etiquette - Craig Weise, Armillary Private Capital

Business New from NZ Herald - 5 hours 58 min ago
Craig Weise is a managing director at Armillary Private Capital . He predominantly works from the companys office in Wellington, but also regularly works from the Auckland city coworking space Alik
Categories: NZ Herald Business

A look at Chicagos Tribune Tower as it goes up for sale

Business New from NZ Herald - 6 hours 48 min ago
CHICAGO (AP) A 36-story Chicago landmark, the Tribune Tower, is up for sale. Tribune Media Co. announced Thursday that it has hired real estate investment banking firm Eastdil Secured to explore a sale or find a partner to help...
Categories: NZ Herald Business

Texas sues VW over consumer protection, clean air violations

Business New from NZ Herald - 6 hours 52 min ago
AUSTIN, Texas (AP) Texas has filed suit against Volkswagen, charging that the automakers emissions rigging violated state consumer protection laws and clean air standards.Attorney General Ken Paxton said Thursday that his state...
Categories: NZ Herald Business

Lawsuit in Iowa challenges so-called roadside zoos

Business New from NZ Herald - 7 hours 3 min ago
DES MOINES, Iowa (AP) Pamela and Tom Sellner describe the small zoo they opened in northeastern Iowa nearly 15 years ago as a labor of love that evolved from their respect for animals.Among the more than 150 creatures at their...
Categories: NZ Herald Business

Brian Fallow: TPP digital impact yet to surface

Business New from NZ Herald - 7 hours 13 min ago
The Trans-Pacific Partnership, we are told, is a 21st century agreement which addresses next generation issues including the digital economy.Not much of that was on display, admittedly, in the fraught closing phase of the negotiations,...
Categories: NZ Herald Business

John Drinnan: Weldon still in the drivers seat

Business New from NZ Herald - 7 hours 15 min ago
Oaktree Capital is still backing MediaWorks chief executive Mark Weldon, amid persistent rumours of change at the top.MediaWorks owns TV3, Four and half of New Zealands commercial radio network.In June, Oaktree took full ownership...
Categories: NZ Herald Business

United Airlines flying back to NZ

Business New from NZ Herald - 7 hours 18 min ago
American airline United is returning to New Zealand with flights between Auckland and San Francisco as it deepens its partnership with Air New Zealand.From next July, United will use Dreamliners to fly as often as daily across the...
Categories: NZ Herald Business

Work of art? Yes, says judge in Lladro quake case

Business New from NZ Herald - 7 hours 23 min ago
A Christchurch retiree can only claim up to $20,000 of insurance for a $210,000 collection of Spanish porcelain damaged in the regions 2011 earthquake, a judge has decided.Retired businessman Brian Newbery is a vintage car enthusiast...
Categories: NZ Herald Business

Card spending up in September

Business New from NZ Herald - 7 hours 27 min ago
New Zealand retail spending on electronic cards rose for a fifth month in September, led by an increase in expenditure on durable goods and following recent improvements in retailers business confidence.Spending on core retail,...
Categories: NZ Herald Business

Gap shares fall on disappointing sales at Banana Republic

Business New from NZ Herald - 7 hours 28 min ago
NEW YORK (AP) The creative director for Gaps Banana Republic brand is stepping down after 18 months in that role.The move announced Thursday comes as the chain, which also operates Old Navy and Gap stores, reported a sharp drop...
Categories: NZ Herald Business
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