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Preview: Mix ID 25568 - Business

Latest Business headlines from

Last Build Date: Fri, 19 Jan 2018 13:00:05 +1200

Copyright: Copyright 2018 APN HOLDINGS NZ

IBM reports first revenue growth since 2012

Fri, 19 Jan 2018 12:20:07 +1200

NEW YORK (AP) — IBM reported its first quarter of revenue growth in more than five years as the company ramps up its cloud computing business and looks for new opportunities from its investments in artificial intelligence."Over...

Indiana officials say they won't go overboard to woo Amazon

Fri, 19 Jan 2018 12:20:05 +1200

INDIANAPOLIS (AP) — Top state and city officials pledged Thursday they won't go overboard in what they offer Amazon to lure its second headquarters project to the Indianapolis area.The Seattle-based online retail giant included...

Amazon shortlists 20 cities for new $6 billion HQ

Fri, 19 Jan 2018 12:04:37 +1200

Amazon's second home could be in an already tech-heavy city, such as Boston, New York or Austin, Texas. Or it could be in the Midwest, say, Indianapolis or Columbus, Ohio. Or the company could go outside the U.S. altogether and set...

Media Files:|caption=Amazon has narrowed down 238 proposals to just 20 possible locations. Photo / AP

Business Highlights

Fri, 19 Jan 2018 11:45:09 +1200

___Amazon narrows list to 20 for its second headquartersNEW YORK (AP) — Amazon has narrowed its search for a second headquarters city to 20 locations, concentrated mostly in the East and the Midwest. Toronto made the list as well...

How major US stock indexes fared on Thursday

Fri, 19 Jan 2018 11:15:12 +1200

Stocks closed slightly lower Thursday, pulling the market below the record highs it set the day before.Losses in industrial and energy stocks contributed the most to the modest declines. Technology companies accounted for the biggest...

Airbus superjumbo A380 gets lifeline with $21 billion Emirates order

Fri, 19 Jan 2018 11:10:51 +1200

Airbus's troubled A380 airliner has been thrown a lifeline by Gulf carrier Emirates, which has agreed to buy 36 of the double-decker jets.The company has signed a memorandum of understanding for a US$16 billion ($21.8b) deal to...

Media Files:|caption=Airbus has been suffering an order dorught for the A380. Photo / Supplied

Is it news? Ansari story triggers media ethics debate

Fri, 19 Jan 2018 11:05:07 +1200

What makes a private sexual encounter newsworthy? A little-known website raised that very question after publishing an unidentified woman's vivid account of comedian Aziz Ansari's sexual advances while the two were on a date.The...

Jucy set to launch fleet of electric campervans

Fri, 19 Jan 2018 11:00:00 +1200

Vehicle rental company Jucy has its sights set on launching a fleet of electric campervans within the next two years.The Auckland-based company bought an electric vehicle six months ago and has been working to convert it into an...

Media Files:|caption=Two French tourists will trial using a Jucy campervan. Photo / Supplied

Prime Minister Jacinda Ardern likely to miss out on extended parental leave

Fri, 19 Jan 2018 10:51:27 +1200

Prime Minister Jacinda Ardern is likely to miss out on her government's planned extension to paid parental leave.Ardern posted on her Instagram account today that she and partner Clarke Gayford were expecting a baby in June.

Media Files:|caption=Prime Minister Jacinda Ardern has announced she is expecting a baby in June. Photo/Mark Mitchell.

RBS bankers ordered staff to let struggling customers 'hang themselves' during financial crisis

Fri, 19 Jan 2018 10:48:14 +1200

Ruthless bankers ordered staff to let struggling customers 'hang themselves' in an effort to squeeze out every last penny of profit during the financial crisis.A damning memo by a manager at Royal Bank of Scotland sheds new light...

Media Files:|caption=A damning memo by a manager at Royal Bank of Scotland sheds new light on the cutthroat culture at a turnaround unit meant to save failing firms from collapse. Photo / 123RF

American Express posts $1.2 billion loss due to new tax law

Fri, 19 Jan 2018 10:35:06 +1200

NEW YORK (AP) — Credit card company American Express posted a $1.2 billion loss in its latest quarter after booking large one-time charges related to the new tax law. The company also announced it would suspend its share buy-back...

Bank of New York Mellon and Albemarle skid while AES soars

Fri, 19 Jan 2018 10:25:09 +1200

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday:AES Corp., up 81 cents to $11.53The power company named Jeffrey Ubben of investment firm ValueAct Capital to its board of directors.La Quinta Holdings...

Free checked baggage on international flights may soon be a thing of the past

Fri, 19 Jan 2018 09:56:50 +1200

Delta Air Lines will soon demolish a travel tradition that dates back decades. The airline's introduction of its "basic economy" fares across the Atlantic will herald the end of free checked bags for international travellers who choose...

Media Files:|caption=Airlines are responding to competition by offering travellers the choice of what they want to pay for. Photo/123RF.

American Airlines adding shuttle service between NY, Chicago

Fri, 19 Jan 2018 09:55:20 +1200

FORT WORTH, Texas (AP) — American Airlines says it will upgrade its daily flights between Chicago and New York to shuttle service starting this spring.That's a highly competitive route favored by business travelers.American isn't...

The Latest: JFK airlines told to get bags to owners faster

Fri, 19 Jan 2018 09:45:10 +1200

NEW YORK (AP) — The Latest on the aftermath of a snowstorm at New York's JFK Airport (all times local):4:45 p.m.The agency that runs New York's Kennedy Airport is asking airlines, terminal operators and baggage delivery companies...

Auckland fashionistas duped by replica Chanel handbags

Fri, 19 Jan 2018 09:21:42 +1200

Auckland shoppers are losing thousands of dollars through online scammers selling fake designer handbags.Replica Chanel handbags are becoming the bane of fashionistas' lives, with Auckland police reporting they have received a number...

Media Files:|caption=Cheap replica Chanel handbags are becoming the bane of fashionistas lives. Photo / 123RF

After flyers delayed, TSA aims to improve at Atlanta airport

Fri, 19 Jan 2018 09:20:08 +1200

ATLANTA (AP) — After passengers waited well over an hour to get through security at Atlanta's airport as it struggled to recover from ice and snow, federal officials tried to avoid a repeat of lines that snaked through the airport's...

Amazon's potential HQ2 sites leaves many cities disappointed

Fri, 19 Jan 2018 09:15:05 +1200

Amazon's move to whittle its list for a second headquarters leaves more than 200 municipalities disappointed. Here are statements from some of the places that didn't make the tech giant's cut to 20 contenders:___DETROIT"We would...

SoftBank's acquisition of 15 percent of Uber closes

Fri, 19 Jan 2018 09:10:10 +1200

NEW YORK (AP) — Japanese technology conglomerate SoftBank says it has closed a deal to acquire 15 percent of Uber.As part of the deal, investors led by SoftBank Group Corp. and Dragoneer Investment Group will sink about $9 billion...

Tax law gives unexpected break to farmers who sell to co-ops

Fri, 19 Jan 2018 09:05:05 +1200

MINNEAPOLIS (AP) — Key senators and farm groups are trying to fix a provision in the federal tax overhaul that gave an unexpected tax break to farmers who sell their crops to cooperatives rather than regular companies.Lawmakers...