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Normans up stake in Warehouse to 6.3pc

Business New from NZ Herald - 24 min 35 sec ago
James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, taking advantage of shares trading near their lows for the year.James Pascoe acquired 730,000...
Categories: NZ Herald Business

Xeros Drury downplays US float talk

Business New from NZ Herald - 49 min 11 sec ago
Xero chief executive Rod Drury has poured cold water on speculation about developments in the companys US listing plans, saying an Australian media report is wildly inaccurate.The Australian Financial Review reported today that...
Categories: NZ Herald Business

Oilman Nelson Bunker Hunt dies at 88

Business New from NZ Herald - 49 min 41 sec ago
DALLAS (AP) Nelson Bunker Hunt, a Texas oilman who once tried to corner the silver market with one of his brothers only to see the move end in financial disaster, has died. He was 88.Hunt died Tuesday at a Dallas assisted-living...
Categories: NZ Herald Business

$65k fine for breaching NZX trading rules

Business New from NZ Herald - 59 min 44 sec ago
KVB Kunlun New Zealand and its manager Chee Joo (Jimmy) Koh have been fined a combined $65,000 and publicly censured for breaches of NZX participant rules after associates of the firm traded shares of Z Energy and other companies...
Categories: NZ Herald Business

Apple issues security warning for iCloud

Business New from NZ Herald - 1 hour 4 min ago
SAN FRANCISCO (AP) Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China.Were...
Categories: NZ Herald Business

ACC annual profit more than halves as claims mount

Business New from NZ Herald - 1 hour 9 min ago
Accident Compensation Corp, the state-owned accident insurer, reported a 57 percent drop in annual profit after it faced more claims than anticipated, and as its investment portfolio returns missed expectations.Net profit dropped...
Categories: NZ Herald Business

Sky City card dealer not constructively dismissed

Business New from NZ Herald - 1 hour 19 min ago
A former card dealer at Sky City Casino who failed to report a serious breach of the rules was found to not have been constructively dismissed.The Employment Relations Authority (ERA) said Wayne Wu was employed as a dealer in the...
Categories: NZ Herald Business

Toys R Us pulls Breaking Bad dolls

Business New from NZ Herald - 1 hour 59 min ago
NEW YORK (AP) Toys R Us is pulling its four collectible dolls based on characters from AMCs hit series Breaking Bad after taking heat from a Florida mom who launched a petition campaign last week.The dolls are based on the series...
Categories: NZ Herald Business

Insurer considers Ebola exclusion in some policies

Business New from NZ Herald - 2 hours 4 min ago
Global property and casualty insurer Ace Ltd. says it may exclude Ebola coverage from some of its general liability policies.The Swiss company said Tuesday that it is making the decision on a case by case basis for new and renewal...
Categories: NZ Herald Business

McDonalds CEO outlines changes as sales slide

Business New from NZ Herald - 2 hours 54 min ago
NEW YORK (AP) After posting yet another disappointing quarter, McDonalds CEO Don Thompson said Tuesday the company hasnt been keeping up with the times and that changes are in store for its U.S. restaurants.Thompson said that...
Categories: NZ Herald Business

Jury rules against Texas company in guardrail case

Business New from NZ Herald - 2 hours 59 min ago
DALLAS (AP) A jury has decided that a Texas company should pay $175 million in a case involving the safety of thousands of guardrails on highways around the country.A whistleblower charged that the company changed the design of...
Categories: NZ Herald Business

Fran OSullivan: Key catches drift on waterways

Business New from NZ Herald - 2 hours 59 min ago
The Prime Minister has finally acknowledged the political reality that there are limits to growth as his Government takes a tentative step towards ensuring dairy effluent doesnt continue to despoil our major waterways.Dairy has...
Categories: NZ Herald Business

IRD hot on heels of tax dodgers

Business New from NZ Herald - 3 hours 4 min ago
If the house always wins, then the taxman isnt far behind - at least not during the last year.Inland Revenue won outright almost 85 per cent of litigation it was in over the 12 months to June 30 - its highest rate of success since...
Categories: NZ Herald Business

Big slump no cause to ditch stock market

Business New from NZ Herald - 3 hours 9 min ago
After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps.But, even as stocks were plunging last week, strategists and professional investors...
Categories: NZ Herald Business

Daimler sells stake in Tesla for $780 million

Business New from NZ Herald - 3 hours 19 min ago
Daimler AG says it has sold its 4 percent stake in electric car maker Tesla for $780 million.The buyer was not disclosed.The Germany-based parent of Mercedes-Benz says its partnership with Tesla Motors Inc. is unaffected. Tesla...
Categories: NZ Herald Business

Top mortgage firm accused of abuses

Business New from NZ Herald - 3 hours 19 min ago
One of the nations largest servicers of home loans may have denied struggling borrowers the chance to fix loan problems and avoid foreclosures, New Yorks financial regulator has alleged.An investigation by the states Department...
Categories: NZ Herald Business

Juha Saarinen: Apple OS X 10.10 a mixed bag

Business New from NZ Herald - 3 hours 19 min ago
Last weeks launch of new gear from Apple shows that the company is pushing the envelope at least in some areas. OK, not the new iPads which were pretty much as expected but more the iMac with its high-resolution 5K Retina screen...
Categories: NZ Herald Business

Discovers 3Q net income up nearly 9 percent

Business New from NZ Herald - 3 hours 24 min ago
RIVERWOODS, Ill. (AP) Discover Financial Services third-quarter net income increased nearly 9 percent to beat market expectations.The credit card issuer and lenders gains were made on increased credit card spending and overall...
Categories: NZ Herald Business

New rules adopted in hopes of spurring home loans

Business New from NZ Herald - 3 hours 24 min ago
WASHINGTON (AP) Buying a home may have gotten a little easier this week.With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more...
Categories: NZ Herald Business

Rockefeller to speak at NZ philanthropic conference

Business New from NZ Herald - 3 hours 29 min ago
Justin Rockefeller, a fifth generation member of the famously rich Rockefeller family, will speak to a New Zealand philanthropic conference next April.Philanthropy New Zealand said the New York-based investor will be the opening...
Categories: NZ Herald Business
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