Man dies in police handcuffs....more soon

Business News

Origin Energy sells out of Contact Energy at $4.65 a share

Contact Energy's new Te Mihi geothermal power station.

Contact Energy shares have come out of a trading halt after former cornerstone shareholder Origin Energy sold out at $4.65 a share, a 35c discount to the market price on Wednesday.

Calls made to suspend Fonterra's GDT

Waikato Federated Farmers president Chris Lewis says a discussion needs to be had over whether the GDT should be temporarily suspended in the wake of falling dairy prices.

Another fall on Fonterra's GlobalDairyTrade prompts call to temporarily suspend the auction process.

IT stereotypes targeted

The OneLogin ad that sparked a sexist backlash.

What does an engineer look like? Less and less it's white, male and vitamin-D deficient.

Ross Jenkins to leave Xero

Xero boss Ross Drury says the company had pulled chief operating officer Ross Jenkins off the golf course once already.

Xero chief operating officer Ross Jenkins will leave the company by the end of the year to retire.

Farmers warned over family payments

Children employed by parents as farm workers should be treated like any other employees, says a tax specialist.

Farmers warned to be careful about how much they pay their children for farm work.

Treasury objected to $4m Saudi payment

Awassi ewes at the Dammam, Saudi Arabia, farm of Saudi businessman Hamood Al Khalaf.

Treasury officials repeatedly expressed doubts about a controversial $4m cash payment to a Saudi businessman.

Tips for credit card control

Shopping with a credit card is fine, but pay off the debt in full each month.

With $4 billion of interest-bearing credit card debt, it's time many of us learnt responsible credit card use.

Auckland house prices slowing

Auckland average house prices were flat in July.

Property sales in the city are still strong but prices are stalling, real estate agency says.

Sum insured still confuses

Half of all houses may be underinsured, with an estimated $80 billion shortfall across the market.

Homeowners are still unsure they're properly covered, two years after sum insured was introduced.

Auckland Airport executives quit

Auckland Airport general manager of corporate affairs Charles Spillane has left the company.

Strategic review prompts two long-serving executives to leave the company.

NZ dollar 'double whammy'

The New Zealand dollar has fallen against the Australian overnight.

The kiwi falls sharply against the Aussie dollar in a double interest rate and dairy price whammy.

Unemployment gets worse

The building sector wasn't the key driver of jobs growth in Auckland - that's been overtaken by retail and hotel work.

Unemployment is up slightly to 5.9 per cent, and wages are still growing slowly.

Greece, lenders to strike upbeat deal

Greek flags are displayed for sale for one Euro at a shop in central in Athens, Greece July 26, 2015.

Both Greece and its lenders say they're optimistic they can broker a deal within days on a multi-billion euro bailout.

Digger hits Auckland house video

The incident was reported in Arrowsmith Dr, Clover Park, just after 7.30am on Wednesday, Fire Service communications spokesman Jaron Phillips said.

A digger has fallen off a truck and gone into the side of a house in south Auckland.

Wine boss apologises for remark

NZ Winegrowers have apologised after comments made by its chief executive Philip Gregan at a recent conference in Blenheim drew an angry response on social media.

NZ Winegrowers apologise for remark made by CEO Phillip Gregan at an organic wine conference in Blenheim.

OIO seeks penalty for alleged breaches

Pine plantations like this one are being established on the eastern Taranaki hillcountry.

Overseas Investment Office taking court action against Australian and NZ-owned companies over Taranaki land deal.

Farming syndicates penalised under act

Allan Hubbard in 2011 at the time his business affairs were under investigation.

Two farming syndicates linked to deceased businessman Allan Hubbard have been penalised.

Photographer honoured to live in the Mackenzie

A beautiful lake scene.

With the right light and at the right time, Mackenzie is magic, says landscape photographer George Empson.

Affco workers subject to 'third world' conditions

Affco workers and members of other unions walk up Trafalgar St in a 2012 protest.

Workers at AFFCO's eight North Island meat processing plants will go on strike for two days next week in protest over their "third world conditions" said national union secretary Graham Cooke.

Tax fraud case wraps up

New Plymouth District Court.

A New Plymouth tax fraud case allegedly involving more than $1 million has reached its conclusion in court.

Maiden dividend for council's farms

Taranaki Investment Management Limited chief executive Mike Trousselot.

The multi million-dollar Tasmanian farms have paid out a maiden dividend.

Waikato-Tainui to diversify

The Base expansion opportunity provides a major attraction for potential retail partners.

Sale of a major stake in Hamilton shopping centre is set to help iwi get confiscated land back.

Construction jobs expected to nosedive

Westpac Banks research suggests Canterbury will lose thousands of construction jobs in the next few years.

About 14,000 Canterbury construction jobs could disappear in the next few years, Westpac warns.

Documents don't back up Govt lawsuit claim

Prime Minister John Key says the blame for a breakdown in the relationship with the Saudis lies with Labour.

Documents fail to prove whether NZ faced any threat of legal action over its dealings with a Saudi businessman. 

Dollar and interest rates need to fall further, says Berl

If the Reserve Bank did not keep cutting official interest rates, that risked "stalling the necessary New Zealand exchange rate adjustment" Berl says.

The New Zealand dollar should fall another 10 per cent to around the US60c mark and official interest rates eventually come down to just 1.5 per cent, according to BERL.

Tax compliance 'abject failure'

Dave Henderson is facing an inquisition in the High Court at Christchurch.

Dave Henderson's tax compliance is an "abject failure", a court has heard.

Hotel to get $8m facelift

Amalgamated Holdings Group chief executive  David Seargeant in the lobby of the Museum Art Hotel.

Wellington's Museum Art Hotel is in good hands, says its new owner, who plans to stay focused on art.

Dirty dairy farmer fined

A dairy farmer has been fined for pumping effluent into drains leading to a river,

Farmer offends for 11 years before being fined tens of thousands of dollars.

Concerns Saudi sheep deal wasn't legal

Foreign Minister Murray McCully.

Government releases more than 900 pages of documents around the controversial Saudi sheep deal.

Paging closure leaves gap

The Fire Service is exploring its options for communicating with volunteers in emergencies.

Fire Service says its volunteers rely on the paging network, which Spark wants to close in 2017.

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