Consumer Goods

  • US milk industry fights back AAP - Thu, Sep 17, 2015 4:00 PM NZST

    America's milk industry is fed up with all the sourness over dairy. As Americans continue turning away from milk, an industry group has been pushing back at its critics with a social media campaign trumpeting the benefits of milk. Julia Kadison, of Milk Processor Education Program, which represents milk companies, said the breaking point came last year when the British Medical Journal published a study suggesting drinking lots of milk could lead to earlier death and a higher incident of fractures.

  • Oroton profit slumps 68% AAP - Thu, Sep 17, 2015 1:08 PM NZST

    Luxury handbag and accessories retailer Oroton has suffered a huge hit to its full year profit as it transitions away from heavy discounting and expands the GAP clothing brand. Oroton's profit for the 12 months to July 25 tumbled 68 per cent to $2.6 million, from $8.3 million a year earlier. Chief executive Mark Newman says the drop in earnings was partly due to the retailer reining in heavy discounts on its Oroton range.

  • M Night Shyamalan scares up profit with 'The Visit' CNBC - Tue, Sep 15, 2015 3:23 AM NZST
    M Night Shyamalan scares up profit with 'The Visit'

    M. Night Shyamalan is the latest director to partner with producer Jason Blum, who makes micro-budget horror films that turn fantastic profits.

  • Wraps come off new Holden Commodore AAP - Sun, Sep 13, 2015 5:31 AM NZST

    The end of an era draws near as Holden prepares to unveil the last Commodore to be built in Australia. The VF II Commodore will be unveiled at Holden's Port Melbourne plant on Sunday, a day after the company revealed it will retain more than 100 design jobs that had been destined for overseas. General Motors has decided to keep its powertrain engineering and development team in Australia.

  • Holden keeps 100 design jobs in Australia AAP - Sun, Sep 13, 2015 1:06 AM NZST
    Holden keeps 100 design jobs in Australia

    Holden will keep more than 100 design jobs and add 18 new positions after manufacturing ends in Australia in 2017. The powertrain engineering and development team will stay in Australia after General Motors reversed a decision to send the jobs overseas. "More than 100 additional Holden engineering staff will continue to apply their skills and talents to local and global vehicle programs," managing director Mark Bernhard said on Saturday.

  • Toyota invests $71m in driverless cars AAP - Sat, Sep 5, 2015 8:10 PM NZST
    Toyota invests $71m in driverless cars

    Toyota is investing $US50 million ($A71 million) with Stanford University and the Massachusetts Institute of Technology in the hope of gaining an edge in an accelerating race to phase out human drivers. The financial commitment announced on Friday by the Japanese carmaker will be made over the next five years at joint research centres located in Silicon Valley and another technology hub in Cambridge, Massachusetts. Toyota has hired robotics expert Gill Pratt to oversee research aimed at developing artificial intelligence and other innovations that will enable future car models to navigate the roads without people doing all the steering and stopping.

  • This is what the future of TVs looks like... CNBC - Fri, Sep 4, 2015 5:30 PM NZST
    This is what the future of TVs looks like...

    TVs are about to get brighter, have better colours and look more realistic, executives at Samsung and LG told CNBC.

  • Smartphone sales in Germany surge AAP - Fri, Sep 4, 2015 12:01 PM NZST

    Sales of smartphones are surging in Germany, even as other consumer electronics sectors languish, industry leaders say as Europe's biggest annual expo of gadgets and appliances approaches. In Europe's biggest market, sales of phones will rise six per cent this year, said Hans-Joachim Kamp, president of the GFU consumer electronics association which organises the annual IFA show, that runs September 4-9. Germans have been racing to replace their feature mobile phones with touchscreen devices.

  • Under Armour's new weapon in the tennis wars CNBC - Fri, Sep 4, 2015 4:33 AM NZST
    Under Armour's new weapon in the tennis wars

    Nike has long dominated the tennis wars with many of the biggest stars in the game, but Under Armour is betting big on its newest star.

  • Taco shell is made out of what?! CNBC - Thu, Sep 3, 2015 5:07 AM NZST
    Taco shell is made out of what?!

    Taco Bell has begun selling the "naked crispy chicken taco" a taco the uses fried chicken as a shell.

  • 8 Stocks to Buy for 'Star Wars' Fans U.S.News & World Report - Thu, Sep 3, 2015 1:00 AM NZST

    The newest film should boost these stocks. Our friends at The Walt Disney Co . can't wait until December. More than three months before the long-awaited "Star Wars: Episode VII -- The Force Awakens" ...

  • The 9 Best Sales of Labor Day 2015 U.S.News & World Report - Thu, Sep 3, 2015 1:00 AM NZST

    This year, we've taken the labor out of Labor Day shopping so you can sit back, relax and shop. Labor Day is more than a weekend-long affair at Best Buy, and customers can use this promotion to bring home a new washer, dryer or other appliance at a low price. Through Sept. 16, the store is hosting a Major Appliance Sale, with deals of up to 30 percent off on select models.

  • Harvey Norman buys $34m stake in dairy co AAP - Wed, Sep 2, 2015 11:04 AM NZST
    Harvey Norman buys $34m stake in dairy co

    Homewares retailer Harvey Norman has agreed to pay $34 million for a 49.9 per cent stake in northern Victorian dairy company Coomboona. Coomboona owns land and farm assets in the Coomboona district of ...

  • McDonald's all-day breakfast is going nationwide CNBC - Wed, Sep 2, 2015 7:56 AM NZST
    McDonald's all-day breakfast is going nationwide

    McDonald's will soon serve breakfast any time of the day nationwide beginning October 6.

  • 'McDealerships' multiply to serve auto-sales boom CNBC - Wed, Sep 2, 2015 4:15 AM NZST
    'McDealerships' multiply to serve auto-sales boom

    The rise in US auto sales is sparking the emergence of the so-called "McDealership," and possibly creating a new leg for economic growth.

  • Housing, food drive manufacturing growth AAP - Tue, Sep 1, 2015 8:00 PM NZST

    A pick up in housing construction and strong demand for food and beverages continue to benefit the manufacturing sector, with activity expanding for a second month. The Australian Industry Group's Australian Performance of Manufacturing Index rose 1.3 points to 51.7 in August, with the result above the 50 level implying activity in the sector had grown. Ai Group chief executive Innes Willox said the expansion was driven by greater production, employment and new orders.

  • McDonald's is messing with your McMuffin CNBC - Tue, Sep 1, 2015 6:52 AM NZST
    McDonald's is messing with your McMuffin

    McDonald's has some good news for dairy farmers and bad news for the lactose intolerant.

  • Landcorp profit cut as dairy prices fall AAP - Thu, Aug 27, 2015 11:00 AM NZST

    The sharp drop in global dairy prices has cut into Landcorp's profits, which are down almost 85 per cent. The tumbling price of milk solids, along with lower lamb prices, has resulted in a 12 per cent drop in income from farm products, to $NZ213.5 million. Global dairy prices have slumped over the past year amid higher supplies and weak demand, and lamb prices are also weak following a record Australian slaughter and after a mild winter boosted UK production.

  • Panama spreads within Qld banana farm AAP - Thu, Aug 20, 2015 7:45 PM NZST

    A devastating fungal disease has spread within a far north Queensland banana farm. The Tully property was one of two properties quarantined earlier this year after testing positive to Panama TR4, a soil-borne ...

  • Methane tractor could cut farmers' costs AAP - Thu, Aug 20, 2015 1:01 PM NZST

    Luca Remmert's dream of running a self-sustainable farm is within sight. Remmert's 450-hectare La Bellotta farm has been testing a second-generation prototype of what will be the first tractor to run on methane, the T6 by New Holland Agriculture. Methane would be 30 per cent cheaper than diesel.

  • Stocks Trend Lower Wednesday Morningstar - Thu, Aug 20, 2015 4:00 AM NZST

    U.S. Market U.S. stocks were lower in early trading Wednesday as investors digested the latest consumer price index report and earnings news. The Labor Department reported Wednesday that consumer prices ...

  • Awards, investors put fizz in UK wineries AAP - Wed, Aug 19, 2015 3:01 PM NZST

    Winning investor capital and new fans around the world, a growing number of British wineries are quickly gaining ground and breaking away from a niche home market for sparkling whites. Barry and Joyce Tay set up the Bluebell Vineyard in 2004 on a former pig farm in Uckfield in southern England near the sea. The couple now have six hectares of vines producing wine and they planted 19 more hectares in 2014, said Kevin Sutherland, a wine expert who has been helping them from the start.

  • Gourmet food in, bland mush out for babies AAP - Tue, Aug 18, 2015 10:01 AM NZST

    Gourmet food is in and bland mush out for babies and toddlers. Health-conscious parents are driving strong growth in nutrient-added and organic baby food products. Consumers are no longer feeding their baby or toddler bland mush from an unbranded tin, industry analysts IBISWorld says.

  • Africa leaders meet as region faces famine AAP - Mon, Aug 17, 2015 1:29 PM NZST

    Leaders of 15 southern African countries gather for an annual summit on Monday as the region grapples with serious food shortages that have left a record number of people needing aid. Yields of the staple corn have shrunk by up to 90 per cent in some countries of the 15-nation Southern African Development Community (SADC), a June report by the group said. Malawi, Zimbabwe, Namibia and Botswana are among the worst-hit.

  • Fall's hottest new flavors may surprise you CNBC - Sat, Aug 15, 2015 8:05 AM NZST
    Fall's hottest new flavors may surprise you

    With less than a month left of summer, big-name brands are busting out the pumpkin spice and apple pie ahead of schedule.

  • Coca-Cola Amatil in NZ spirits deal AAP - Fri, Aug 14, 2015 6:01 PM NZST
    Coca-Cola Amatil in NZ spirits deal

    Beverages giant Coca-Cola Amatil has struck a 10-year deal to sell and distribute Beam Suntory's brands in New Zealand. Beam Suntory's spirits portfolio in New Zealand includes Jim Beam Bourbon, Canadian ...

  • Should You Let Uber Help You Lease a Car? U.S.News & World Report - Wed, Aug 12, 2015 1:00 AM NZST

    Uber is taking another spin with car leasing. The popular ride-hailing startup began helping its drivers with vehicle financing in late 2013, but the effort quickly drew criticism over high interest rates and rigid lease structures. Uber also cut fares, which meant many drivers had to work longer hours to cover their car payments.

  • Buffett's eclectic conglomerate AAP - Tue, Aug 11, 2015 10:52 AM NZST

    With the $US37.2 billion ($A50.21 billion) deal to buy Precision Castparts, US investment guru Warren Buffett is extending his storied Berkshire Hathaway holding company. Here are some of the major acquisitions engineered by Buffett, 84, the world's third richest person with net worth of $US72.7 billion, according to Forbes. Announced in November 2014, Berkshire said it was buying the Duracell battery business from US consumer goods maker Procter & Gamble in a deal valued at $US4.7 billion.

  • Craft brewers to look at new offerings AAP - Tue, Aug 11, 2015 10:02 AM NZST

    Breweries are expected to look for new flavours and innovative products to continue craft beer's appeal to consumers seeking a unique brew. Overall beer consumption will continue its decline, with wine and cider to be the fastest-growing liquor segments over the next five years, industry analysts IBISWorld predict. It expects craft beer producers to try to offset the threat posed by rising wine and cider consumption through innovative offerings and niche products such as Belgian, French and German-style craft beers.

  • Kraft Heinz shares fall after Q2 earnings CNBC - Tue, Aug 11, 2015 8:38 AM NZST
    Kraft Heinz shares fall after Q2 earnings

    Kraft Heinz reported second-quarter earnings and revenue on Monday following the closing bell.

  • Bras: The 'athleisure' trend's latest casualty CNBC - Tue, Aug 11, 2015 2:00 AM NZST
    Bras: The 'athleisure' trend's latest casualty

    U.S. dollar sales of sports bras are on the rise, while revenues from the sports bra are inversely taking a hit.

  • Tax cuts help lift JB Hi-Fi profits AAP - Mon, Aug 10, 2015 7:20 PM NZST
    Tax cuts help lift JB Hi-Fi profits

    Joe Hockey's small businesses tax cuts and Australia's housing boom have got the cash registers in overdrive at electronics retailer JB Hi-Fi. The electronic and home appliances retailer posted a stronger-than-expected annual net profit of $136.5 million and flagged stronger sales for the year ahead. The result was largely driven by a 7.4 per cent rise in sales in the second-half as shoppers splashed out on smart phones, computers, fitness devices and home appliances.

  • Nine pays $925m for NRL rights AAP - Mon, Aug 10, 2015 12:56 PM NZST
    Nine pays $925m for NRL rights

    The Nine Network has won the rights to broadcast NRL games from 2018 to 2022 in a deal worth $925 million. "This is a transformational outcome for supporters, rugby league and Nine, enabling viewers to see the best of the NRL, live and free, 4 days per week, anywhere, on any device," chief executive David Gyngell said.

  • The luxury car line banning haggling at dealerships CNBC - Sat, Aug 8, 2015 3:04 AM NZST
    The luxury car line banning haggling at dealerships

    Lexus, Toyota's luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.

  • It's time to bet on McDonald's-here's how: Goldman CNBC - Fri, Aug 7, 2015 12:10 AM NZST
    It's time to bet on McDonald's-here's how: Goldman

    A key event in November could boost McDonald's shares, presenting an interesting trading opportunity.