Category Archives: Business

US regulator defends handling of Toyota

A top US automotive safety official flatly rejected charges that his agency had bungled its handling of deadly Toyota defects.

Greater to offer lower-rate home loans

The Greater Building Society says it will begin providing home loans at a lower rate than the big four banks, as it seeks to lure away regional customers.

Lend Lease WTC class action nears end

Property developer Lend Lease Group says a US class action against a subsidiary filed by workers at the World Trade Center clean-up site is almost settled.

CBH enters trading halt on takeover bid

Shares in zinc, lead and silver miner CBH Resources have gone into a trading halt after the company received a takeover proposal.

TPG goes into trading halt

TPG Telecom Ltd shares have been placed in a trading halt while shareholders of PIPE Networks Ltd vote on whether to approve TPG & #39;s offer to buy PIPE.

Fonterra to close Longburn cheese plant

Fonterra plans to stop making cheese at its Longburn plant near Palmerston North, and says other jobs at the site will only be available for some workers.

Tiger reports rise in passenger numbers

Tiger Airways Holdings Ltd has reported strong growth in passenger numbers and an improvement in load factors for February.

OECD says tax review will aid workforce

The OECD anticipates that the yet to be released Henry Tax Review will provide initiatives to lift workforce participation.

Punters backing no rate change in April

Punters expect that the Reserve Bank of Australia will leave the official cash rate unchanged when its board meets in April, bookmaker Centrebet says.

Cathay Pacific returns to profit

Cathay Pacific returned to profit in 2009 as cost-cutting measures and bets on fuel prices helped Asia & #39;s No 3 carrier rebound from its biggest loss ever.

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