What Amazon wants from Whole Foods: Data on shopping habits

NEW YORK (AP) " Why is Amazon spending nearly $14 billion for Whole Foods?It isn't just about getting more than 460 grocery stores. Ultimately, Amazon wants to sell Amazon and Whole Foods shoppers alike even more goods and services... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

How much of a cut is your KiwiSaver provider taking?

KiwiSaver members paid out $325.9 million in fees to their providers last year - an average of $125 for every man, woman and child signed up to the retirement savings scheme.Figures from annual scheme accounts show New Zealand's... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Investor: Shkreli reported too-good-to-be-true returns

NEW YORK (AP) " An investor who put $300,000 into one of "Pharma Bro" Martin Shkreli's health care industry hedge fund testified Thursday that he reported eye-popping returns before abruptly shutting down the fund and ducking her... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Debt deadline now October, CBO says as deficit spikes

WASHINGTON (AP) " A new government estimate says the drop-dead deadline for lawmakers to increase the government's borrowing limit is early to mid-October.The Congressional Budget Office also predicts the federal budget deficit... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Foodstuffs launches new Auckland supermarket chain

New Zealand's biggest supermarket co-operative, Foodstuffs North Island, is launching a new small-store chain in the Auckland region with an emphasis on selling fresh produce.Chris Quin, Foodstuffs North Island chief executive,... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Where now for Nosh?

When it first appeared on Auckland's retail scene in 2006, upmarket grocery chain Nosh promised an alternative to the big supermarkets. Like Whole Foods in America, Nosh was the place to go for organic vegetables, boutique cheese,... Source: NZ Herald Business News

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Labour says it will support a trade deal with Pacific Alliance

New Zealand is on the cusp of signing a significant free trade deal with Latin American and South American countries.The Pacific Alliance, which is made up of Chile, Mexico, Colombia and Peru is expected to announce tomorrow morning... Source: NZ Herald Business News

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NZX to carry out extensive review

NZX will carry out an extensive review of its business with the results due in November and while shareholder Tony Falkenstein wasn't elected to the board, his observations will be considered as part of that review, chairman James... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Kiwifruit boss bankrupt with $200k still owing

A kiwifruit company that didn't properly pay employees or meet employment obligations has only paid $28,000 of the $226,000 it owed and the boss has now declared himself bankrupt.Freemind Enterprize Limited and its director Gurmail... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments

Pence: Trump will repeal Obama's health law by summer's end

CLEVELAND (AP) " Vice President Mike Pence on Wednesday reiterated a promise to repeal former President Barack Obama's health care reforms by the end of the summer despite uncertainty over whether a Republican bill has enough votes... Source: NZ Herald Business News

By | June 30th, 2017|Business|0 Comments