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Rising milk price helps push Open Country annual revenue above $1B
By Jonathan Underhill Feb. 2 (BusinessDesk) - Open Country Dairy, New Zealand's second-largest milk processor, generated more than $1 billion of revenue last year but payments for milk rose faster than receipts from customers and profit fell. Profit was $23 million in the y...
While you were sleeping: eBay rallies as it drops PayPal
By Margreet Dietz Feb. 2 (BusinessDesk) - Wall Street rose, bolstered by better-than-expected corporate earnings including from Facebook and eBay. Shares of Facebook traded 4 percent stronger as of 1.33pm in New York, while those of eBay jumped 15.3 percent. EBay shares...
MARKET CLOSE: NZ shares fall after month-end positioning; Contact, Summerset decline
By Sophie Boot Feb. 1 (BusinessDesk) - New Zealand shares fell on the first day of the month in a muted trading session after institutional investors staked out positions yesterday. Contact Energy and Summerset Group Holdings declined. The S&P/NZX50 Index dropped 58.14 poi...
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