General Motors to cut 14,000 jobs as seven factories close worldwide

General Motors will cut more than 14,000 salaried staff and factory workers and close seven factories worldwide by the end of next year, part of a sweeping realignment to prepare for a future of electric and self-driving vehicles.Four... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

On Cyber Monday, pope urges generosity, not consumerism

VATICAN CITY (AP) — Pope Francis says the "sickness of consumerism" is the enemy of generosity as he called for the faithful to give a little something to the poor.Francis made the comments during his morning homily Monday, so-called... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Aussie business slammed for controversial name, owner refuses to back down

The owner of a Far North Queensland fish and chip shop has hit back at suggestions her business name 'The Battered Wife' is promoting domestic violence.Former police officer Carolyn Kerr opened the shop in Innisfail more than a... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

This Week: Consumer confidence, 3Q GDP, Fed minutes

A look at some of the key business events and economic indicators upcoming this week:EYE ON CONSUMERSU.S. consumers have been feeling increasingly confident this year about the economy.The Conference Board's index of consumer... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Justices to hear antitrust case over sale of iPhone apps

WASHINGTON (AP) — Apple is at the Supreme Court to defend the way it sells apps for iPhones against claims by consumers that the company has unfairly monopolized the market.The justices are hearing arguments Monday in Apple's effort... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Taxes may be a bigger part of online shopping this season

WASHINGTON (AP) — Shoppers heading online to purchase holiday gifts will find they're being charged sales tax at some websites where they weren't before. The reason: the Supreme Court.A June ruling gave states the go-ahead to require... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Lone bureaucrat's work an example of federal waste in action

WASHINGTON (AP) — Mark Robbins gets to work at 8:15 each morning and unlocks the door to his office suite. He switches on the lights and the TV news, brews a pot of coffee and pulls out the first files of the day to review.For the... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Flat NZ retail sales casts doubt on pre-Xmas growth

Retail sales stalled over the September quarter, raising doubts about the strength of the economy in the lead-up to Christmas.Stats NZ said the volume of retail sales were relatively unchanged over the quarter, compared with a... Source: NZ Herald Business News

By | November 26th, 2018|Business|0 Comments

Sky TV recruits international talent Martin Stewart to take over from John Fellet

Sky TV has finally named the successor to long-time chief executive John Fellet.The broadcaster's new CEO is UK-born Martin Stewart, formerly chief executive of OSN, the leading pay TV network in the Middle East.He was also CFO... Source: NZ Herald Business News

By | November 25th, 2018|Business|0 Comments

Why do shoppers embrace Black Friday chaos when everything is online?

They could have been home, making jokes about waistbands threatening to snap and revelling in carb-induced comas on the sofa. Instead, a few hundred people were lined up outside Target at Waterstone Center on Thanksgiving night, waiting... Source: NZ Herald Business News

By | November 25th, 2018|Business|0 Comments