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Royal Dutch Shell reports 57 percent drop in net income

Business New from NZ Herald - 1 hour 26 min ago
LONDON (AP) Royal Dutch Shell PLC, Europes largest oil company by market value, said Thursday that fourth quarter net income fell 57 percent to $773 million and that it would cap spending this year in response to falling oil prices.Shell...
Categories: NZ Herald Business

Nokia turns to fourth quarter profit buoyed by strong growth

Business New from NZ Herald - 1 hour 56 min ago
HELSINKI (AP) After selling its ailing handset unit, Nokia has turned a fourth-quarter net profit of 443 million euros ($502 million) with sales increasing nearly 10 percent, partly buoyed by strong growth in North America.The...
Categories: NZ Herald Business

Deutsche Bank posts surprise profit as litigation costs ease

Business New from NZ Herald - 2 hours 1 min ago
FRANKFURT, Germany (AP) Deutsche Bank rebounded to make a surprise fourth-quarter profit of 441 million euros ($498 million) as it saw lower charges for settling accusations of wrongdoing.The bank also saw higher revenues at its...
Categories: NZ Herald Business

Venezuelan hedge fund manager to be sentenced in huge fraud

Business New from NZ Herald - 2 hours 46 min ago
BRIDGEPORT, Connecticut (AP) A former hedge fund manager who confessed four years ago to running a massive fraud scheme is expected to be sentenced in a case that had its biggest fallout in Venezuela, where the state oil company...
Categories: NZ Herald Business

LG Electronics in red in 4Q on plasma TV business closure

Business New from NZ Herald - 3 hours 16 min ago
SEOUL, South Korea (AP) LG Electronics Inc. said Thursday it has lost money in the fourth quarter as costs from the closure of its plasma TV operations offset a recovery in its mobile phone business.The Korean company reported...
Categories: NZ Herald Business

Global stocks hit by oil plunge, Fed mention of rate hike

Business New from NZ Herald - 3 hours 26 min ago
TOKYO (AP) Global shares fell Thursday after oil prices plunged and the Federal Reserve issued a reminder it is still on track to raise interest rates this year. The release of weaker-than-expected retail sales figures in Japan...
Categories: NZ Herald Business

Gigatown business competition extended

Latest news from Channel 9 - 4 hours 5 min ago
The deadline for entries in a gigatown-related competition has been extended. Chorus is offering $200,000 to a winning business start-up. It's to encourage new business which fits in with Dunedin's gigatown win and associated ultra-fast broadband. Initially the deadline was the 30th of January. But that's now been extended until the 29th of May.
Categories: Channel 9

Fed sees strengthening economy but stays patient on rates

Business New from NZ Herald - 4 hours 6 min ago
WASHINGTON (AP) The Federal Reserves outlook for the U.S. economy is steadily brightening. Yet the Fed will be patient in raising interest rates from record lows.That was the dual message the central bank sent Wednesday in...
Categories: NZ Herald Business

Reports of thefts from cars are mounting

Latest news from Channel 9 - 4 hours 7 min ago
Local thieves are having a field day with unlocked cars around the city. Police continue to warn residents about securing vehicles and property, but reports of theft are mounting. In the last few days there have been at least four reported incidents of theft from cars. $60 was taken from a wallet inside a car on Grandview Crescent in Opoho.
Categories: Channel 9

Nightly interview: Dr Virginia Toy

Latest news from Channel 9 - 4 hours 9 min ago
An international research project to better understand the Alpine Fault has uncovered a wealth of information. Dr Virginia Toy, from the University of Otago, was a leader on the project. And she's here to explain what's been discovered.
Categories: Channel 9

Social housing issues coming to a head

Latest news from Channel 9 - 4 hours 11 min ago
Properties in Dunedin are likely to be sold as part of a newly-announced government state house sell-off. That's prompted criticism from Dunedin South MP Clare Curran, who's slammed the move as short-sighted. And it seems other issues around social housing may be coming to a head.
Categories: Channel 9

University of Otago staff receive promotions

Latest news from Channel 9 - 4 hours 15 min ago
Dozens of University of Otago staff have received promotions, resulting in 15 new professors and 39 new associate professors.
Categories: Channel 9

Basketball Otago fundraising campaign not looking good

Latest news from Channel 9 - 4 hours 18 min ago
The end is in sight for a fundraising campaign to save Basketball Otago, and it's not looking good. There's just two weeks left, in which tens of thousands of dollars has to be raised. And that's prompted a plea from the group called ''Keep Basketball in Otago'', which is urging the public to help before it's too late.
Categories: Channel 9

Exorbitant fines puts national parking firm under scrutiny

Latest news from Channel 9 - 4 hours 24 min ago
A national parking firm is coming under increased local scrutiny, for what some residents say are exorbitant penalty fines.
Categories: Channel 9

Battle of the big phones: Samsung down in China, Apple gains

Business New from NZ Herald - 4 hours 26 min ago
SEOUL, South Korea (AP) Samsung lost the battle of the big phones last quarter as Apples copycat large iPhone lured buyers in the crucial Chinese market.The South Korean company said Thursday its October-December profit sank,...
Categories: NZ Herald Business

Major milestone in sight for local rugby player

Latest news from Channel 9 - 4 hours 26 min ago
A major milestone is in sight for a local rugby player, gearing up for this year's Super Rugby season. The Highlander and his fellow players are hard at work, ensuring they make the most of their remaining pre-season games. And time is of the essence, with the international tournament just around the corner.
Categories: Channel 9

Outram goes without water

Latest news from Channel 9 - 4 hours 31 min ago
The small township of Outram has been without water for most of the day, while a new water main has been connected to the existing network.
Categories: Channel 9

Philippine economic growth slows to 6.1 percent last year

Business New from NZ Herald - 5 hours 16 min ago
MANILA, Philippines (AP) Philippine economic growth slowed to 6.1 percent last year, hampered by natural disasters, but still outpaced most other countries in Asia.Socio-Economic Planning Secretary Arsenio Balisacan said Thursday...
Categories: NZ Herald Business

Chinese biggest buyers of NZ land in 2014

Business New from NZ Herald - 5 hours 24 min ago
Americans have been the biggest buyers of New Zealand land in the past five years although the Chinese topped the list in 2014 alone.Figures released by Land Information New Zealand of approved investments since 2010 shows a breakdown...
Categories: NZ Herald Business

McDonalds CEO steps down as sales decline

Business New from NZ Herald - 5 hours 56 min ago
NEW YORK (AP) McDonalds CEO Don Thompson is stepping down as the worlds biggest hamburger chain fights to hold onto customers and transform its image.The company said Thompson, who has been CEO for two-and-a-half years, will...
Categories: NZ Herald Business
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