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Businesswire - Latest News [Page 152]

Meridian cedes Tekapo as Brownlee endorses reforms

Wednesday, 9 December 2009, 1:11 pm | Businesswire

Dec. 9 (BusinessWire) - Energy Minister Gerry Brownlie has adopted almost every major recommendation for electricity reform and gone further. More >>

NZ retail spending on credit, debt cards rises

Wednesday, 9 December 2009, 12:20 pm | Businesswire

Dec. 9 (BusinessWire) – New Zealanders spending on their credit and debit cards at retailers was the highest it’s been all year last month as consumers prepare for the Christmas shopping season. More >>

BioVittoria extends closing date on IPo to Dec. 29

Wednesday, 9 December 2009, 10:47 am | Businesswire

Dec. 9 (BusinessWire) – BioVittoria Ltd., the Hamilton-based biotechnology firm, pushed out the closing date for its initial public offering after financial advisers asked for more time to sell the investment, making it the third float in a month ... More >>

Kermadec agrees to sell cinema complex for $7M

Wednesday, 9 December 2009, 10:03 am | Businesswire

Dec. 9 (BusinessWire) - Kermadec Property Fund Ltd. announced the sale of its Berkeley Cinema & Retail Complex in Takapuna for $7 million. More >>

NZ dollar may tumble on global credit concerns

Wednesday, 9 December 2009, 9:28 am | Businesswire

Dec. 9 (BusinessWire) – The New Zealand dollar may be heading for a tumble after credit concerns in Europe and the Middle East further eroded investors’ appetite for higher yields and put risk currencies such as the kiwi and Australian dollars ... More >>

MARKET CLOSE: NZ shares drift lower after Bernanke

Tuesday, 8 December 2009, 6:32 pm | Businesswire

Dec. 8 (BusinessWire) – New Zealand shares fell after Federal Reserve chairman Ben Bernanke said the world’s biggest economy faces “formidable headwinds” and local data showed weaker manufacturing and building work. Port of Tauranga and ... More >>

Allied Farmers' shareholders back Hanover plan

Tuesday, 8 December 2009, 4:02 pm | Businesswire

Dec. 8 (BusinessWire) – Allied Farmers shareholders have overwhelmingly supported management’s proposal to take over ailing Hanover Finance. Over 92% of shareholder votes, representing 17.7 million shares, were in favour of purchasing the financial ... More >>

NZ manufacturing dragged down by weak meat, dairy

Tuesday, 8 December 2009, 12:55 pm | Businesswire

Dec. 8 (BusinessWire) – New Zealand manufacturing was dragged down by weak meat and dairy sales in the September quarter, though excluding these sectors it began to show signs of recovery. More >>

NZ building work falls for 7th straight quarter

Tuesday, 8 December 2009, 12:04 pm | Businesswire

Dec. 8 (BusinessWire) – New Zealand’s total building work fell 6% in the three months through September, extending its decline for a seventh quarter amid a slump in new construction permits. More >>

NZ dollar gains after downbeat Bernanke comments

Tuesday, 8 December 2009, 10:15 am | Businesswire

NZ dollar gains after failing to break through 70.80 cts on downbeat Bernanke comments More >>

Stocks to watch: Botry-Zen, NZX, Heritage, Methven

Tuesday, 8 December 2009, 9:19 am | Businesswire

Dec. 8 (BusinessWire) – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday. All prices are in New Zealand dollars unless specified. More >>

While you were sleeping: Stocks flat, Fed's view

Tuesday, 8 December 2009, 7:08 am | Businesswire

(Business Wire) - Shares on Wall Street were little changed ahead of a speech by Federal Reserve Chairman Ben Bernanke. In his speech, which began a short time ago, Bernanke said the US economy would need more time to recover. More >>

Hotchin urges investors to take Allied deal

Monday, 7 December 2009, 5:51 pm | Businesswire

Dec. 7 (BusinessWire) – Mark Hotchin, one of Hanover Finance’s high-profile owners, urged investors to ignore any personal dislike of him and accept the $400 million all-stock deal offered by Allied Farmers to get the failed finance firm out of moratorium. More >>

MARKET CLOSE: NZ shares fall; Telecom, FBU drop

Monday, 7 December 2009, 5:46 pm | Businesswire

Dec. 7 (BusinessWire) – New Zealand shares fell for a second day, with Telecom Corp. sliding to an eight-month low after being fined for misleading advertising, and Fletcher Building drifting lower. More >>

TrustPower names Hydro Tasmania Hawksworth as CEO

Monday, 7 December 2009, 2:48 pm | Businesswire

Dec. 7 (BusinessWire) – TrustPower Ltd., the utility controlled by Infratil Ltd., named Hydro Tasmania executive Vince Hawksworth as chief executive, replacing Keith Tempest. More >>

NZ Dollar Outlook: Kiwi faces tough week

Monday, 7 December 2009, 2:43 pm | Businesswire

Dec. 7 (BusinessWire) – The New Zealand dollar faces a tough week ahead of the central bank's monetary policy statement on Thursday after falling U.S. unemployment unexpectedly stoked the prospect of an early rate hike by the Federal Reserve. More >>

Telecom to repay $8.4M to ‘Go Large’ customers

Monday, 7 December 2009, 1:37 pm | Businesswire

Dec. 7 (BusinessWire) - Telecom Corp. will pay about $8.4 million in compensation to customers and has been fined $500,000 after a Commerce Commission investigation found the company made misleading claims in its 2006 Go Large broadband campaign. More >>