Sellers of big ticket items like cars, boats and caravans say business is booming on the back of a strong economy and a wealth effect driven by rising property prices.David Crawford, chief executive of the Motor Industry Association,…
Xero does big deal with US bank
Xero has signed a major deal with one of the United States’ largest banks, Wells Fargo, which should provide a big boost to its US expansion plans.The partnership between the two firms aims to begin a financial web revolution for…
Kathmandu sues biggest shareholder Briscoes for costs of failed takeover
Kathmandu Holdings is suing its biggest shareholder, Briscoe Group, in an effort to recoup what it spent fending off the rival retailer’s failed takeover attempt. The Christchurch-based outdoor equipment chain has filed a claim…
Anger as convention centre jobs go overseas
Fletcher Building has hit back at claims half the work on steel frames needed for the SkyCity Convention Centre will go to a foreign contractor.The order for the 8500 tonnes of steel frames needed for the convention centre, as well…
Genentech, OSI to pay $67M over cancer drug allegations
SAN FRANCISCO (AP) ” Federal prosecutors in San Francisco say Genentech and OSI Pharmaceuticals have agreed to pay $67 million to settle allegations they misled doctors about the effectiveness of a cancer drug.The U.S. attorney’s…
Nation of Debt: Kiwi mortgage debt hits new high
New Zealand is poised to exceed half a trillion dollars worth of gross debt as mortgage lending accelerates at its fastest rate since the global financial crisis.Averaging more than $100,000 for every New Zealander, increasingly…
Liam Dann: Giddy new heights draw '87 reminder
New Zealand’s total debt is poised to hit half a trillion dollars as mortgage lending surges to levels not seen since the global financial crisis.That is a big, scary number – more than $100,000 for every man, woman and child in…
Kevin Roberts ups My Food Bag stake
Chairman of My Food Bag Kevin Roberts has increased his stake in the home meal delivery service to five per cent as the company looks at capital raising options.Roberts is the New York based executive chairman of global advertising…
3300sqm of complete and utter luxury: Behind the scenes at Cathay's biggest lounge
Cathay Pacific is about to open the biggest luxury lounge in its network, The Pier business class lounge at Hong Kong International Airport as it warns staff to tighten their belts in other areas.The new lounge covers more than…
Cyber security message getting through – Microsoft
Businesses and individuals are increasingly aware of the risk of cyber threats and are looking for ways to protect themselves in the event of a cyber attack, Microsoft’s expert on cybersecurity in New Zealand says.Experts in cybersecurity…