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CORRECT: Cavalier sinks into the red as restructuring costs mount, wool prices slump

CORRECT: Cavalier sinks into the red as restructuring costs mount, wool prices slump

(Fixes underlying loss reference in 4th paragraph) By Paul McBeth Aug. 23 (BusinessDesk) - Cavalier Corp sank back into the red after the overhaul of the wool carpet maker's operations proved more expensive and more prolonged than expected, raising flags over the company's...

Paul McBeth 23 Aug 2017
Vocus to refresh Orcon as CallPlus acquisition boosts NZ earnings

Vocus to refresh Orcon as CallPlus acquisition boosts NZ earnings

By Paul McBeth Aug. 23 (BusinessDesk) - ASX-listed Vocus Group plans to refresh local broadband provider Orcon in a bid to get more out of its New Zealand consumer businesses facing skinnier margins in the face of tough competition.  Sydney-based Vocus more than doubled und...

Paul McBeth 23 Aug 2017
Humanoid robots and chatbots won't replace people, Air NZ CEO says

Humanoid robots and chatbots won't replace people, Air NZ CEO says

By Rebecca Howard Aug. 23 (BusinessDesk) -  Air New Zealand's latest innovative bid to enhance customer experience is going better than expected but the airline has no plans to replace people with robots, says chief executive Christopher Luxon.  The airline is partnering wi...

Rebecca Howard 23 Aug 2017