OPINION: I have two fears out of the election result. Firstly, a large win means that we are one voice and the fact one party in an MMP environment can […]
Election results 2020: Māori Party nearly back in Parliament as Rawiri Waititi leads Waiariki
The country’s “unapologetic Māori voice” is poised to return to Parliament with Rawiri Waititi about to wrest the Waiariki seat off Labour’s Tāmati Coffey. Speaking at his election night party […]
Election results 2020: The Greens’ Chloe Swarbrick wins Auckland Central
Auckland Central has gone Green. Chloe Swarbrick, 26, has won the seat after defeatingLabour’s Helen White. The electorate was previously held by National’s Nikki Kaye. Swarbrick won 9060 votes, White […]
Nestle to buy Aimmune, valuing allergy treatment maker at $2.6 billion
ZURICH (Reuters) – Nestle (NESN.S) said on Thursday it was offering $34.50 per share for the remaining 74.4% in peanut allergy treatment maker Aimmune Therapeutics (AIMT.O) it does not already […]
U.S. dollar chains report profit surge as downturn makes shoppers thrifty
(Reuters) – America’s biggest dollar store chains reported better-than-expected quarterly profit on Thursday, as cash-strapped consumers sought lower priced groceries and household items in a coronavirus-induced economic downturn. Sales at […]
Afterpay annual loss halves as U.S. sales soar
(Reuters) – Australian buy now, pay later (BNPL) firm Afterpay Ltd (APT.AX) said on Thursday its full-year loss narrowed 54%, as sales in the United States sky-rocketed due to the […]
Estee Lauder forecasts profit below expectations, to cut up to 2,000 jobs
(Reuters) – Estee Lauder Cos Inc (EL.N) forecast first-quarter profit below Wall Street estimates on Thursday after posting a bigger-than-expected quarterly loss as travel restrictions and store closures put in […]
Thyssenkrupp faces pressure to fix steel unit as losses mount
FRANKFURT/DUESSELDORF (Reuters) – Struggling conglomerate Thyssenkrupp (TKAG.DE) on Thursday said its steel unit would rack up 1 billion euros ($1.2 billion) in operating losses this year, raising pressure to fix […]
Coronavirus punishes Warren Buffett as Berkshire Hathaway takes big writedown
(Reuters) – Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain […]
Coronavirus punishes Warren Buffett as Berkshire Hathaway takes big writedown
(Reuters) – Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts unit, as the coronavirus pandemic caused […]