President Barack Obama is in charge of efforts to shut down, the worst oil spill in U. S. history. Obama admitted that U. S. Government must rely on oil giant BP and that it does not have the technology or expertise.
Critics of the sale of Kiwibank to the New Zealand Superannuation Fund stress that it may not prevent the bank from going into the hands of a foreign bank.
Continental Airlines will start flying between Auckland and Houston from November next year. This will considerably improve the access to the North American tourism market from the Auckland International Airport.
The improvement in sales of Fisher & Paykel Appliances Holdings Ltd. ensured that it almost broke-even in the second half. Its sales improved mainly outside the U. S. and Europe. The group is partly owned by China's Haier Group.
Telecom will be split up into 3 units and it has been approved by Communications and Information Technology. It was confirmed by Minister Steven Joyce today. The Company had requested these changes as it aims to support ultra-fast broadband related services and processes.
As the Telecom failed to a reliable 111 service for the third time this year, it has been announced by the Communications and Information Technology Minister Steven Joyce that an eye will be kept on Telecom from now.
Telecom was not aware about this problem and there was also an issue because its technician was unsuccessful to inform his bosses about the problem at the town's exchange. Also Emergency services were unaware of the problem.