Instagram CEO denies addiction claims in landmark US trial
“I’ve never claimed being able to diagnose addiction clinically,” Mosseri responded during the exchange. “I’m sure I was…
Skellerup profit jumps despite US tariffs, guidance and dividend increased
Skellerup’s US-bound products are made in three locations, New Zealand, China and Vietnam. Most of the New Zealand-made…
GE HealthCare forecasts 2026 profit above estimates on strong demand for medical devices
Feb 4 (Reuters) – GE HealthCare on Wednesday forecast annual profit above Wall Street estimates, betting on robust…
Hyundai Motor to deploy AI robots at US plants as Trump tariffs hit profit
Automobiles Humanoids by Boston Dynamics can run 24 hours a day Boston Dynamics, which Hyundai Motor Group acquired…
ANZ’s new floating interest rate means an extra $12m in profit – expert
He said the rate had previously been in a “no man’s land” between Kiwibank and the other major…
Costco NZ turns in first profit since 2022 opening
In its latest financial report, issued in the US last month, Costco Wholesale Corp said its first-quarter net…
Ātihau-Whanganui returns to profit as new governors join board
Three of the seven board members stood down under the board’s rotation policy, including long-serving governor Whatarangi Murphy-Peehi,…
Rodd & Gunn’s $3.7m loss after Canadian department store collapse
“The loss includes $2.4m of debt losses and $300,000 of fixed assets written down,” the latest accounts said.…
Microsoft NZ data centre unit swings to $33.6m profit as revenue jumps 61%
It also reported an income tax benefit of $16.6m versus its year-ago income tax expense of $28.2m. Notes…
Ryman Healthcare’s previous interim profit turns into a loss with lower revaluations but CEO cites corner turned
In October, it listed on the ASX. Ryman Healthcare CEO Naomi James, with Bruce Wattie, grandson of Sir…
Kiwi Property profit drops 77% as writedowns hit half-year result
Operating profit before tax rose 11.5% to $62.9m, reflecting income growth and disciplined cost management, the statement said.…
$3b Oceania Healthcare in turnaround, loss turns to profit, expenses cut, Helier 45% empty
Of those sales, 39 were new units, 52 were new care suites, 71 units were resold and 109…