Jobs may be on the line at TVNZ as the state-owned broadcaster looks for ways to cut $25 million worth of costs in the wake of a drop in advertising revenue.
BY DAVE BURGESS - The Dominion Post
Meridian Energy has been given permission for a 29-turbine wind farm in Ohariu Valley, which one local says will see a rural road to nowhere become a "super highway".
BY ALAN WOOD - BusinessDay.co.nz
Farm supply and services group PGG Wrightson posted a loss of $32.8 million for the six months to December 31, 2008 saying it has received bank refinancing and commitments from major shareholders.
Wool Services International reported a $1.036 million profit in the six months to December 31, down from $1.11m in the same period last year.
|NZX50 20 min delay, others last close|
|Hong Kong Dollar||6.015|
|Price as at 11:50 am, 29 Dec|
The New Zealand dollar moved within a fairly tight range overnight against the greenback which slid against the euro as investors were prepared to take on more risk.
The New Zealand dollar spent the day trading around the US51c figure after falling a cent against the United States dollar overnight as the greenback strengthened on its appeal as a safe haven.
You and your company have a choice: you can hunker down hoping the global economic crisis will blow over soon, or you can use it as a springboard for building a much better business.
"It wasn't much pleasanter at home," thought poor Alice, "when one wasn't always growing larger and smaller, and being ordered about by mice and rabbits. I almost wish I hadn't gone down that rabbit hole and yet and yet it's rather curious, you know, this sort of life!"
International gamblers at SkyCity's Australia and New Zealand casinos are down by around 15 percent due to the recessionary climate.
The Government’s approach to a possible bailout for Fisher & Paykel Appliances and next week’s jobs summit are both ill-thought out and lack logic, former Finance Minister Sir Roger Douglas says.
The ongoing collapse of the PGG Wrightson share price was a feature on a very bleak day on the share market.
The New Zealand share market had a fairly lacklustre day but managed a spurt higher ahead of the close.
Microsoft outlined plans to offset revenue declines as the PC market shifts to low-cost netbooks, but it failed to announce more cost cuts, sending its shares to an 11-year low.
Even a $101.4 million loss and plans to cut 400 jobs from his global business empire can't keep the indefatigable Richard Branson down.
More than 700,000 people have signed up to the Government's KiwiSaver as the retirement savings scheme celebrates its first birthday today.
Hundreds of thousands of KiwiSavers will receive their first annual report in the post this week.