In a statement, Trade Me Ltd. (TME. NZ) said it has agreed to buy Auckland-based business MotorWeb for 19.5 million New Zealand dollars (US$16 million).
The sale expected to be completed later this month. The company has forecasted earnings before interest tax depreciation and amortization for the year to March 31 2014, of NZ$4.1 million.
Latest figures show New Zealand's booming property market is working wonders in real estate jobs and applications for licensed accreditation. About 1500 positions have been advertised so far this year which is according to job listing site Seek, an increase of more than 29 per cent on last year's total.
New Zealand's drinking laws will see major changes which will be implemented from next week. These changes are being brought in to reduce alcohol harm. Introduced under the Sale and Supply of Alcohol Act (SSAA) 2012, the reforms, focus on changing the drinking culture through the responsible sale and supply of alcohol.
The Titan arum, an exotic plant which blooms only once every seven to 10 years, has been growing in the Auckland Domain Wintergardens for the last seven years. It is expected to flower completely overnight this week end.
Sometimes also known as the corpse flower, it produces a smell like rotting flesh when it is in bloom.
From tomorrow gas-launched sponge rounds will be the newest tactical weapons for police officers.
The XM1006 "sponge round" will be available to Auckland, Wellington and Christchurch Armed Offenders Squad (AOS) and national Special Tactics Group (STG).
Government is financially backing the wine industry for its biggest research project - the development of lower calorie and lower alcohol wines.
Under its primary growth partnership scheme the Government will contribute more than $8 million for the project.
Good News USA
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- Telstra launches its new ‘Every Day Connect Data Share Packages’
- Voyager signs “multimillion-dollar deal” with submarine cable group Hawaiki