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7 November 2016 7:44 PM NZME, Fairfax NZ merger in trouble in ComCom draft decision

The Commerce Commission's draft view is that it should reject a merger of NZME and Fairfax New Zealand, which it says would "result in an unprecedented level of media concentration for a well-established liberal democracy" with the potential loss of multiple media voices a major part of the decision. The competition regulator's preliminary view is that the merger 11

7 November 2016 7:44 PM Com Com favours declining NZME/Fairfax merger

The Commerce Commission says a proposed merger of New Zealand’s two biggest media companies will substantially lessen competition and lead to reduced editorial quality. In draft decision published this morning, the regulator said its preliminary view was to decline to authorise the merger. The two companies had sought clearance or authorisation to combine 11

7 November 2016 7:44 PM Preliminary rejection of NZME-Fairfax merger by Commerce Commission

UPDATED 8.50am: It's unlikely the proposed merger between New Zealand's two largest newspaper networks and news websites will go ahead. The Commerce Commission has published a draft determination on the application from NZME and Fairfax to merge their media operations. Its preliminary view is that it should decline to authorise the merger. The commission 9

7 November 2016 3:25 PM Class-action lawsuit filed in Canada against Samsung over Note 7 phones Add to ..

A class-action lawsuit has been filed in Canada regarding Samsung Galaxy Note 7 phones, which were recalled last month following reports of overheating batteries that pose a fire hazard. The lawsuit was filed in Ontario Superior Court by London, Ont.-based Lake Lawyers, LLP. The claim alleges Samsung was negligent because they knew or should have known 14

7 November 2016 3:25 PM Class-action lawsuit filed against Samsung in Canada over Note 7 smartphones

LONDON, ONT.—A class-action lawsuit has been filed in Canada regarding Samsung Galaxy Note 7 phones, which were recalled last month following reports of overheating batteries that pose a fire hazard. The lawsuit was filed in Ontario Superior Court by London, Ont.-based Lake Lawyers, LLP. The claim alleges Samsung was negligent because they knew or should 25

7 November 2016 8:12 AM AP Explains: Beijing's intervention in Hong Kong legislature

HONG KONG – The Chinese legislature's decision to intervene in the exclusion of two Hong Kong legislators has underscored Beijing's determination to ensure its control over the semi-autonomous region's political life. Here is a look at recent events and possible effects that could shape the territory's relationship with the mainland and its standing 10

7 November 2016 5:10 AM Westpac lowers target after flat profit

Westpac has lowered its target for return on equity after a flat full-year profit of $7.822 billion, describing 15 per cent as unrealistic in a low interest rate environment that has no end in sight. The lender held its final dividend at 94 cents but cash return on equity (ROE) dropped 1.85 percentage points to 14.0 per cent after the amount of capital 12

7 November 2016 2:05 AM Rewards of health promotion

STUDENTS at two primary schools are reaping the rewards after winning a competition to increase rheumatic fever awareness. Organised by Turanga Health, the competition asked students to design a slide show with information about the disease and why sore throats matter. With two GoPro video cameras up for grabs, more than 30 schools from across the district 37

6 November 2016 11:01 PM Scoop Business » Westpac NZ annual earnings fall 4% as margins squeezed

Nov. 7 (BusinessDesk) – Westpac Banking Corp’s New Zealand division posted a 4 percent fall in annual earnings as lenders give up margin in the hunt for mortgage customers. Cash earnings, the favoured measure of the Australian-owned lenders, fell to $872 million in the 12 months ended Sept. 30 from $905 million a year earlier, the Sydney-based parent 11

6 November 2016 11:01 PM Westpac NZ annual earnings fall 4% as margins squeezed

Westpac Banking Corp's New Zealand division posted a 4 percent fall in annual earnings as lenders give up margin in the hunt for mortgage customers. Cash earnings, the favoured measure of the Australian-owned lenders, fell to $872 million in the 12 months ended Sept. 30 from $905 million a year earlier, the Sydney-based parent said in a statement. Net interest 11