The New Zealand Herald : Business (296)

Skeptics dismiss Bannon's call for economic war with China

WASHINGTON " White House adviser Steve Bannon isn't alone in pondering America's possibly generation-defining question about China's emerging superpower status " but his call for an "economic war" puts him far outside the mainstream.In...

Report: Filipino dairy farm workers abused, exploited

A union for migrant workers is calling for standard employment agreement for diary farm workers following a "shocking" report into the New Zealand dairy farm industry.The study "In search of decent work" found migrant dairy farm...

'Maniacal' focus on China puts Trump aide out of mainstream

WASHINGTON " White House adviser Steve Bannon isn't alone in pondering America's possibly generation-defining question about China's emerging superpower status " but his call for an "economic war" puts him far outside the mainstream.In...

Wal-Mart Stores, L Brands and Cisco Systems skid

NEW YORK " Stocks that moved substantially or traded heavily on Thursday:United Rentals Inc., down 15 cents to $111.82The equipment rental company said it will buy Neff Corp. for about $596 million.Wal-Mart Stores Inc.,...

The Latest: Wisconsin GOP defends Foxconn ahead of vote

MADISON, Wis. " The Latest on the Wisconsin state Assembly debate of $3 billion Foxconn bill :11:15 a.m.Wisconsin Republicans say they are not moving too quickly on a bill that would extend up to $3 billion...

The Latest: France issues list of products with tainted eggs

COPENHAGEN, Denmark " The Latest on the scandal in Europe over eggs, poultry and egg products contaminated with the pesticide Fipronil :6:15 p.m.France's government, facing pressure for more transparency...

Better than expected, barely good enough: Profits and stocks

NEW YORK " Here's how much hope and expectation has been built into the stock market: Big companies are healthy and making fatter profits than Wall Street expected, yet it's barely enough to keep the market from falling.Consider...

Minnesota releases review on disputed Enbridge oil pipeline

MINNEAPOLIS " Minnesota regulators have released the final environmental review of Enbridge Energy's proposal to replace its aging Line 3 oil pipeline, which carries Canadian crude across northern Minnesota to Wisconsin.The...

HBO regains control of hacked social media accounts

NEW YORK " HBO says it has regained control of its social media accounts after the latest security breach to hit the entertainment company.The hacking group OurMine on Wednesday night took over several of HBO's Twitter accounts,...

Spacewalking cosmonauts release 3-D-printed satellite

CAPE CANAVERAL, Fla. " Spacewalking cosmonauts have set free the world's first satellite made with a 3-D printer.Russians Fyodor Yurchikhin and Sergey Ryazanskiy ventured outside...

Cleveland Clinic will pull event from Mar-a-Lago resort

COLUMBUS, Ohio " A leading U.S. hospital says it will pull an annual fundraiser from Donald Trump's Mar-a-Lago resort after all.The Cleveland Clinic had initially resisted pressure from health professionals and others over...

Average US mortgage rates edge lower; 30-year at 3.89 pct.

WASHINGTON " Long-term U.S. mortgage rates edged lower this week.Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages slipped to 3.89 percent from 3.90 percent last week. While historically low,...

US stocks slide after results from Wal-Mart and Cisco

NEW YORK " U.S. stocks are lower Thursday morning as investors fail to get excited by quarterly reports from big names like retailer Wal-Mart and technology bellwether Cisco Systems. Most industries are slipping, with some of...

Markets Right Now: Stocks slide on Wall Street

NEW YORK " The latest on developments in financial markets :11:45 a.m.Stocks are lower in midday trading as investors fail to get excited by quarterly reports from big names like Wal-Mart and Cisco Systems.Most...

Gore to give keynote at US clean energy summit in Las Vegas

LAS VEGAS " Former Vice President Al Gore has agreed to be the keynote speaker at a national clean energy summit in Las Vegas this fall.Former Nevada Democratic Sen. Harry Reid and Republican Gov. Brian Sandoval are co-hosting...

Danes find more tainted eggs in food supply chain

COPENHAGEN, Denmark " Danish authorities say two companies have bought 6.8 tons eggs and 108 kilograms of omelet, respectively, from farms involved in the contaminated egg scandal.The Danish Veterinary and Food...

US factory output down in July on tumbling auto production

WASHINGTON " A slump in the auto industry drove U.S. factory output down in July and has kept it flat for months.The Fed said Thursday that factory production dropped 0.1 percent last month, pulled down by a 3.5 percent plunge...

US manufacturing output fell 0.1 percent in July; overall industrial production rose 0.2 percent

WASHINGTON " US manufacturing output fell 0.1 percent in July; overall industrial production rose 0.2 percent.

US weekly requests for jobless aid down 12,000 to 232,000

WASHINGTON " Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows.THE NUMBERS: Weekly unemployment applications fell by 12,000 to a seasonally-adjusted...

US weekly requests for jobless aid down 12,000 to 232,000

WASHINGTON " Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows.The Labor Department says that weekly unemployment applications fell by 12,000 to a seasonally-adjusted...

US weekly unemployment claims fell 12,000 to 232,000 last week

WASHINGTON " US weekly unemployment claims fell 12,000 to 232,000 last week.

European Central Bank still concerned about low inflation

FRANKFURT, Germany " The European Central Bank's policymakers are still concerned that inflation in the 19-nation eurozone is too low despite an improving economy and seem worried about the strength of the shared euro currency,...

Trump increasingly isolated as business panels dismantled

WASHINGTON " President Donald Trump has abruptly dismantled two of his White House business councils_an apparent attempt to manage his increasing isolation and the continued fallout from his combative comments on racially charged...

Asia shares meander after subdued gains on Wall Street

TOKYO " Asian shares meandered Thursday in narrow trading following subdued gains on Wall Street. Japan's Nikkei 225 index slipped as the yen strengthened against the U.S. dollar, despite the release of upbeat trade data for...

Business execs shunned Trump panels before he disbanded them

WASHINGTON " President Donald Trump had pushed many of America's top corporate leaders to the breaking point with his inability to decisively condemn white supremacists " so they huddled on an 11:30 a.m. conference call Wednesday.The...

Potential Warriors owner caught up in legal dispute over daycare

An Auckland businessman reportedly bidding on the New Zealand Warriors has been caught up in a legal battle over a daycare centre he co-owns.Paul Davys, a co-director of ChoiceKids Ormiston in South Auckland, is negotiating the...

Auckland apartments, rest home wired with fire risk cable

By Carla Penman An Auckland apartment block and a retirement village under construction are the latest buildings to be discovered fitted with potentially dangerous electric cabling.Worksafe is investigating Lyon Electrical Limited...

Labour accuses polytech of whistleblower 'witch hunt'

A Taranaki polytech conducted a "witch hunt" for a staff member who anonymously provided information to MPs, the Labour Party says.The alleged whistleblower, Angela Parr, was ordered by the Employment Relations Authority to...

NZ First would raise minimum wage to $20 an hour

By Paul McBeth New Zealand First is pledging to raise the minimum wage to $20 an hour within three years as part of a confidence and supply agreement to form a government after the September 23 election.The increase would be offset...

Anti-transgender sign defended as 'satire'

A business owner who sparked outrage with a sign referencing transgender people has defended the move as "satire", saying people are too easily offended these days.Richard Tisch, owner of Will County Loan Company, a pawnbroker in...

'Big mouth' dials in reporter, admits barely showing up for $227,000 job

The New York state court system's longtime communications chief was fired after inadvertently telling a reporter that he "barely" went to work at his US$166,000 -a-year job.David Bookstaver's firing came a day after...

Hyundai unveils new fuel cell SUV with longer travel range

SEOUL, South Korea " Hyundai Motor says its new hydrogen fuel cell vehicle will travel more than 580 kilometers between fill-ups.The South Korean company said Thursday its second-generation fuel-cell SUV will be...

Court undecided on Skyline's $100m upgrade

By Mountain Scene The Environment Court says it hasn't found a reason to decline consent for Skyline Enterprises' $100 million-plus gondola redevelopment in Queenstown.But it still hasn't decided the "ultimate question" of whether...

Japan trade surges in July on strong demand in China, US

TOKYO " Japan's exports and imports rose at a fast clip in July, reflecting a recovery in demand in China, Southeast Asia and the U.S., according to data released Thursday.Exports rose more than 13 percent from a year earlier...

Gear Friday: Microsoft's refined Surface Pro

There are now lots of different Surface computers but the original tablet-like design lives on, with Microsoft continuing to improve on it.This year's model drops the numbering and is known simply as the Surface Pro. Microsoft...

Steel & Tube annual profit drops 22pc in 'highly competitive' construction sector

Steel & Tube posted a 22 per cent drop in annual profit after the year-earlier earnings were boosted by a property sale. It reduced its dividend payment and said business performance hadn't met its expectations.Net profit dropped...

CBL says first-half earnings dropped 36pc due to increased reserves

CBL Corp's shares fell about 12 per cent after the financial risk insurer said first-half profit dropped by more than a third, largely on a $16.5 million increase in reserves to cover future claims. Revenue grew 29 per cent.Auckland-based...

IkeGPS raises $3.7 million in placement, plans another $1.3 million raise

IkeGPS, the laser measurement toolmaker, said it has raised $3.7 million in an oversubscribed placement to Australian and New Zealand institutional and wholesale investors.The share placement, which Ike announced earlier this week,...

Facebook testing feature to make a news feed personal

Facebook is testing a feature in the Facebook News Feed that provides customised links to news on topics of interest to individual users, as the company continues to search for ways to increase the amount of time that people spend...

Passengers sue Boeing for 2016 Emirates crash in Dubai

CHICAGO " Passengers who were aboard an Emirates plane that crash-landed in August 2016 are suing Chicago-based Boeing for an alleged malfunction of the aircraft's electronics.The lawsuit filed Tuesday in Cook County Circuit...

Alibaba beats forecast with 56pc jump in sales, helped by growth in e-commerce, cloud computing

Alibaba Group Holding beat analysts' forecasts and posted a 56 per cent jump in its first-quarter revenue, helped by sales growth in cloud computing and its business operating the largest online shopping platforms on the planet.Sales...

A new supermarket experience: Chandeliers, piano, electronic product finder

Live music, an espresso bar, touch screen technology, compostable bags and an extensive range of food and beverages.If you thought this would be a regular supermarket - think again.The Crossing's FreshChoice City Market will open...

Why private jets are the next big thing for 'poorer' millionaires

'Poorer' millionaires will be behind growth in private jet travel as traditional markets get bogged down by regulation and economic headwinds, according to the boss of one of the world's leading aviation charter companies.Despite...

Very Successful Company in liquidation

An Auckland-based business called Very Successful Company Limited will soon cease to exist after it went into liquidation.The company is in the process of being removed from the Companies Office and wound up. Liquidator Douglas...

Spark annual profit climbs 13pc as sales tick up

By Paul McBeth Spark New Zealand boosted annual profit 13 per cent as the country's biggest telecommunications company eked out small sales growth and continued its focus on stripping out costs, and signalled a changing of the guard...

Int'l arrivals to US increased 2 percent in January

International arrivals to the U.S. increased 2 percent in January 2017 compared with January 2016, the U.S. Department of Commerce announced Wednesday.The 5.6 million international visitors who arrived this past January represented...

Pre-Christmas CBD mall opening plans flop: Precinct delays opening

Plans to open Auckland's biggest new CBD shopping mall before next Christmas have flopped and most of the shops will not now open until after the festive season in 2019, according to the developer.In its annual result presentation...

White House: Gov't to make health law payments this month

WASHINGTON " The White House says President Donald Trump will make this month's payments to insurers under the health-care law he wants to repeal and replace.Trump has repeatedly threatened to end the payments, which help reduce...

While you were sleeping: Trump unsettles Wall St

Wall Street dropped, while US Treasuries advanced, amid concern that US President Donald Trump has derailed his chances of implementing the policies that had been seen as good for business and economic growth.Rumours that former...

Bunnings UK posts $96 million loss

Bunnings has hit a snag.Wesfarmers executives have been forced to defend the dismal performance of the UK and Ireland business, which reported an AU$89 million loss in its first full financial year since the acquisition...