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Southern Cross Forest receiver to close sawmill, wind up Australian business
April 24 (BusinessDesk) - The receiver for Southern Cross Forest Products plans to shut one of the failed wood processor’s sawmills and wind up the unprofitable Australian business as it continues to find a buyer for the business. A fire at the company’s Mosgiel mill cut dryin...
Brownlee takes hard-hitting rebuild report on the chin
April 24 (BusinessDesk) – An in-depth survey of senior leaders in the Christchurch rebuild indicates growing impatience and serious weaknesses in the way major projects are being procured and managed. The minister in charge of the post-earthquakes rebuild, Gerry Brownlee, releas...
CORRECT Chorus faces up to $10 mln earnings hit in 2014 from latest regulator pricing decision
(Corrects direction of price movement in first paragraph) By Paul McBeth April 24 (BusinessDesk) – Chorus, the telecommunications network operator, expects 2014 earnings will be as much as $10 million lower after the Commerce Commission pressed ahead with a decision to lower t...
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