Business News

Murray Goulburn Cut Milk Prices, Farmers Feel the Pinch

Murray Goulburn Cut Milk Prices, Farmers Feel the PinchAustralia's largest milk processor Murray Goulburn Co-operative Co trimmed the long-held milk price which it planned to pay farmers, by about fifteen percent. This was the first cut to milk price in a mid-season after the financial crisis hit the globe. The move angered the farmers.

Roger Award 2015 for the ‘Worst Transnational Corporation Operating in Aotearoa/New Zealand’ Goes to IAG

Roger Award 2015 Goes To IAGThe organizers announced that the 2015 Roger Award for the 'worst transnational corporation operating in Aotearoa/New Zealand' goes to IAG.

The six finalists for the dubious award were IAG/State Insurance, Apple, Serco, Westpac, Bunnings and Media Works.

Wang Wenyin Led Amer International Planning to Invest in Small New Zealand Goldmine

Wang Wenyin Led Amer International Planning to Invest in Small New Zealand GoldmineIt's nothing new for the Coromandel mining region, it has happened before in 2014, when protestors have greeted prospective foreign backers with strong anti-mining messages. Now, New Talisman, the mining permit holder is expecting to secure a Chinese backer.

Construction Equipment Maker Caterpillar Inc Will Shutter Five Plants

Construction Equipment Maker Caterpillar Inc Will Shutter Five Plants Peoria, Illinois based Caterpillar Inc, the maker of machinery and engines said on Thursday that the company will shutter five U. S. plants and trim approximately 820 positions.

The popular construction-equipment maker is cutting back production and employees as a response to continuous drop in demand.

Online Travel Booking Company Priceline’s CEO Resigns Over At-work Relationship

Online Travel Booking Company Priceline’s CEO Resigns Over At-work RelationshipPriceline, the online travel booking company announced on Thursday its CEO Darren Huston has resigned following an internal investigation into a personal relationship with an employee who was not under his direct supervision. However, still the relationship within the company was a violation to its code of conduct.

Government changes rules for KiwiSaver withdrawal for buying houses

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