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Pay up $651m compensation

Michael King, former CEO of MFS Ltd, has been banned from running companies for 20 years and will have to pay hefty fines.

3:37 PM  It is believed to be one of the biggest compensation orders relating to a company collapse in Australian history.

Wage growth not 'hot': PM

Significantly higher construction industry wages will flow through to the rest of the economy.

17 min ago  Bill English will believe skill shortages exist when wages are significantly increased.

Lake levels on 'watch'

09082016 news photo Alden Williams/Fairfax NZ

Pukaki hydro project, Mackenzie District. 

file generic irrigation ...

6 min ago  Spot electricity prices are on the up as concerns surface over South Island lake levels.

Akl luxury tower sells for $11m

Auckland's Metro Suites has been sold to Thai-owned hotel branded Avani Hotels and Resorts.

2:58 PM  Metro Suites bought by Thai-owned Minor Hotels, as it expands its Avani brand.

Global pensions time bomb

The number of workers paying for the pensions of those in retirement will fall from eight workers today to four in 2050.

Around the world, many people are in for a shock when they retire.

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Nine years of National Budgets

Steven Joyce delivered his first budget, but the ninth in a row by a Finance Minister from the National Party.

Government spending is increasing, but as a share of the country's output it continues to fall.

Three Wanaka developments in the system

Northlake village centre as it might look when completed.

Developers continue to fill in bare urban land as Wanaka's population booms.

Fight to retain loading zone

Sole Bar and Bistro owner Judith Tabron says loading zones are vital to the operation of her business.

A proposal to replace an inner city loading zone with a cycleway has not gone down well with Viaduct businesses.

Fruit winery liquidation to go to trial

In times past Tim Finn, Bic Runga, Dave Dobbyn  performed at the Sentry Hill Winery.

The liquidation saga of Sentry Hill Winery is heading to trial.

Council's 'Gypsy Day' u-turn

Cows are moved, near Rakaia.

It's deemed too offensive so a new name for Otago sharemilkers moving cows to farms is needed.

Shaping the city she lives in

Rachel de Lambert of Boffa Miskell  has co-ordinated a number of urban revitalisation and design projects in Auckland, ...

Landscape architect and urban planner Rachel de Lambert

'Money doesn't make you rich'

Sisters Joy Johns and Heather Johns are both celebrating 40 years of employment with TSB Bank.

Not many people work in one job for 40 years, but both of these sisters have and they have some advice to share.

Low-user power scheme under review

Luke Blincoe, of Electric Kiwi, says the low fixed-charge scheme may be having the opposite effect of what was intended.

System was designed to help poorer families. Is it just lining the pockets of the better-off?

Wind-blown answer on way

Paul Mitchell, of Patea, tells the panel why he doesn't want the turbines beside his farm.

Taranaki's first wind farm was first proposed for Waverley 10 years ago.

Chef detained at night market

Tuk Tuk Thai Kitchen owner Daeng Neuang-Keo.

Immigration staff nab Thai chef, as food truck owner blames a misunderstanding.

money

Low-user power scheme under review

Luke Blincoe, of Electric Kiwi, says the low fixed-charge scheme may be having the opposite effect of what was intended.

3:09 PM  System was designed to help poorer families. Is it just lining the pockets of the better-off?

Smaller banks face bigger bill

2:40 PM  Lower credit ratings mean it costs more and may be more difficult to raise funds for some institutions.

Want success? Do nothing

Secret to heating your home

small business

Chef detained at night market

Tuk Tuk Thai Kitchen owner Daeng Neuang-Keo.

Immigration staff nab Thai chef, as food truck owner blames a misunderstanding.

Clean hair, clean planet

Not a bottle in sight: Ethique produces solid shampoos, conditioners, body washes, makeup removers and shaving soap.

Brianne West is reimagining how we wash our hair and pamper our bodies with ethical, environmentally friendly products.

Eco projects on the rise

Cultivate is a scheme to grow vegetables in central Christchurch while mentoring young people.

Eco projects are popping up all over new Christchurch as people strive for clean and green.

Middle East eyes luxury Kiwi goods

Maven has opened an office in Dubai.

One Wellington company is tapping into the Middle Eastern market to promote luxury New Zealand products and offer premium Kiwi services.

better business

Tech-savvy firms recognised

Finalists Ross Mitchell (NIWA), left, Claire Robinson (Massey University), Grant Muir (WaiNZ), and Rebecca Rofe (McKee ...

Finalists of the 19th annual Wellington Gold Awards have been named.

Bullying at work: 'I blamed myself'

A third of workplaces said bullying was an important issue.

How one victim was demeaned, insulted and undermined: "It was like being in an abusive marriage."

Another LookSee?

Wellington Regional Economic Development Agency (Wreda) general manager of venues, marketing and destination development ...

Wellington LookSee success international technology industry recruitment programme appears likely to be repeated next year.

Benefits of Motueka ferry questioned

The terminal for the proposed Whanganui to Motueka ferry would be developed in the Moutere Estuary with open water ...

The proposed ferry service between Motueka and Whanganui may deliver jobs, but at what cost?

property

Lodge beckons history lovers

Hulmes Court Bed and Breakfast operates out of a historic Dunedin mansion.

Built by a Dunedin surgeon, this B&B harks back to a bygone era.

BizDojo takes over Xero House

Xero office, Wellington.

The online accounting software firm's waterfront building will become the new home of BizDojo.

Is it better to rent or own?

Paying off the mortgage on your own house is the best thing you can do to set yourself up for retirement.

King or queen of your own castle, or footloose and renting? We weigh up the options.

Mall meeting draws hundreds

Plans to redevelop Johnsonville Shopping Centre have been in the pipeline for years, with residents fed up with the slow ...

"What should the beating heart of the northern suburbs is on life support."

opinion & analysis

Don't skimp on due diligence

Kevin Lampen-Smith says a  building report provided by a vendor should be seen as a starting point.

OPINION: Do some careful research before buying to avoid headaches down the track.

Are you on track for your goals?

Darryl and Christine are in their mid 40s with two dependent children. They own a busy restaurant in Taupo where Darryl ...

OPINION: Should you pay down debt, or start investing?

Are you missing out on $1m?

Don't short-change yourself by being in the wrong KiwiSaver fund.

OPINION: A simple decision may be costing you hundreds of thousands of dollars.

The rise, fall and rise of TPPA

John Milford: ''The US has gone... and we need to work hard with the stayers to make it happen.''

OPINION: A TPPA trade deal without the United States is still a deal worth having, John Milford writes.

farming

Agri-business startups not easy

Dave Craig from Building Clever Companies (BCC) said New Zealand Inc. will benefit from agritech startups.

It is tough to start an agritech company and take it to a commercial entity.

Manawatu Feds' new boss

New Federated Farmers president, Richard Morrison on his farm.

Richard Morrison wants to carry on the good work of Feds president James Stewart.

Keep a tight lid on spending

Farmers need to remain mindful of their spending to keep their costs down despite the jump in milk prices.

A higher dairy payout is cause for celebration, but farmers need to remember lessons from low payout years.

Farmers invest in native bush

Helen and Charlie Lea's sheep and beef farm is a model  to follow for other farmers looking for ways to reduce their ...

Charlie and Helen Lea fell in love with Ratanui's mix of contour and bush when they bought the farm in 2004.

world

What Mark Zuckerberg told Harvard

Facebook founder Mark Zuckerberg acknowledges a cheer from the crowd before receiving an honorary Doctor of Laws degree.

Facebook founder tells millennials: "It's time for our generation-defining public works. Let's do big things."

Man sues Hershey for US$5m

Hershey disputes the allegation that its packaging is deceptive.

A US customer wants the chocolate maker to pay for selling people fresh air.

Vineyards switch to pot

Pinot gris grapes are fetching US$2000 a ton, and marijuana gets that amount for a pound, one US grapegrower says.

Ripping up some of their grapes to offer 'wine and weed' could save some US grapegrowers.

Condom business not a good fit

Ansell began in 1905 when Eric Ansell bought condom-making machinery from the Dunlop Tyre Company.

Rubber glove maker Ansell says the target audience was different for its condom unit.

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