Business Scoop

Archive for November, 2008

Geneva Finance Says BOS Reconfirms

Nov. 28 – Geneva Finance, which breached its bank covenants in September, says it has reached agreement with BOS International over the NZ$35 million facility.
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Wellington Airport to Sell NZ$100 Mln of Bonds

Nov. 28 – Wellington International Airport plans to raise as much as NZ$100 million selling bonds maturing in 2013 to fund general business expenses and pay debt.
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Audio: PM John Key On Airbus Tragedy

This afternoon New Zealand Prime Minister John Key held a short press conference in which he offered his condolences to the family’s of the New Zealand air crew who died in the crash in involving an Air New Zealand Air bus that was leased to XL Airways …
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Government disbands EFA Expert Panel

Justice Minister Simon Power today announced that the Government has disestablished the Expert Panel on Electoral Administration which was established by the Labour Government two months ago.
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Dominion Finance Administrators Calls Moratorium

Nov. 28 – The voluntary administrators of Dominion Finance Holdings Ltd., whose shares last traded in October at 1 cent, said its North South Finance unit will seek stockholder approval for a moratorium next week.
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Competition The Answer To Waiting List Woes

Libertarianz Health Spokesman Richard McGrath has advised Health Minister Tony Ryall to heed his own words, and cut hospital emergency departments – and taxpayers – some slack.
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Air New Zealand A320 Accident Update 3

Air New Zealand can now advise the names of its staff who are missing after our Airbus A320 on lease to XL Airways from Germany was lost in the Mediterranean Sea this morning.
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Phil Goff offers condolences for flight tragedy

Labour Leader Phil Goff today expressed his sadness at the loss of five New Zealanders and two Germans who lost their lives in the tragic Air New Zealand crash in France.
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NZ Building Approvals Fall to Record Low

Nov. 28 – New Zealand home-building approvals to a record low last month amid evidence of a prolonged recession which is driving up the jobless rate and eroding household incomes.
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Warehouse Chair. Sees Downturn Lasting ‘Some Time’

Nov. 28 – Keith Smith, chairman of Warehouse Group, expects the current economic slump and weak consumer spending will last “for some time,” according to his presentation to the annual shareholders’ meeting today.
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Stocks to Watch: New Zealand Equity Preview

Nov. 28 – The following stocks may be active on the New Zealand exchange after developments since the close of trading yesterday.
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While You Were Sleeping: BusinessWire Overnight

Nov. 28 – ArcelorMittal, the world’s largest steelmaker, plans to eliminate as many as 9,000 jobs, or 3% of its global workforce, reflecting a drop in demand as the global economy slows.
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