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Commerce Minister Rejects Calls For Blue Chip Statutory Mgmt

Wellington, March 20 NZPA - Commerce Minister Lianne Dalziel has rejected calls from distraught Blue Chip investors for the property investment group to be placed in statutory management.

Cynotech Pulls Out Of Findata Listing

Wellington, March 18 NZPA - Cynotech Holdings has pulled out of promoting the listing of Findata Ltd on the NZAX because of the cost and length of time in obtaining approvals.

Glass Earth Says Exploration Activities Funded Through Q1 2009

Wellington, March 19 NZPA - Gold exploration company Glass Earth Gold says it is budgeted to be fully funded for operating and exploration activities through the first quarter of 2009.

THL Sells Kelly Tarlton's To Village Roadshow

Wellington, March 19 NZPA - Village Roadshow has entered into a deal to buy Auckland's Kelly Tarlton's Underwater World from Tourism Holdings Ltd for $13 million.

Transpower Says Supply Interuptions Well Above Target

Wellington, March 25 NZPA - Transpower said today unplanned interuptions to supply were well above target due to aging systems.

Dominion Finance Total Assets Down About 10-15 Pct In 6 Months

Wellington, March 20 NZPA - Dominion Finance Holdings (DFH) says its total assets will fall by between about 10 percent and 15 percent by its March year end from around $500 million in September.

Freightways To Buys Now Couriers For $7.5m Plus Buyout

Wellington, March 25 NZPA - Freightways said today it had agreed to buy Momentum Management, trading as Now Couriers, for $7.5 million plus a buyout of up to $3.5m over two years.

NZ Greenhouse Gases From Electricity Down 10 Pct In Dec Quarter

Wellington, March 18 NZPA - New Zealand's production of greenhouse gases from electricity generation dropped 10 percent in the December quarter compared to a year earlier, new figures show. That was despite thermal generation rising 17 percent.

Air NZ To Increase Capacity Between Auckland And Australia

Wellington, March 25 NZPA - Air New Zealand is to increase by the end of the year the number of seats available for flights from Auckland to Melbourne and Sydney.

Heritage Gold To Scope Viability Of Talisman Mine Near Waihi

Wellington, March 18 NZPA - With the price of gold soaring to over $US1000 ($NZ1268) an ounce, Heritage Gold said today it is looking at further development of the Talisman gold mine near Waihi. The Talisman mine comprises the Maria, Crown/Welcome and Mystery veins.

Tui About To Produce 10 Millionth Barrel Of Oil

Wellington, March 19 NZPA - The Tui oilfields off the coast of Taranaki are about to produce their 10 millionth barrel of oil. The milestone was expected to be reached tomorrow or Friday, 12.5 percent stakeholders New Zealand Oil and Gas (NZOG) said.

Kermadec Shares Dive As Augusta Lines Up Property Sale

Wellington, March 18 NZPA - A subsidiary of Peter Francis's Augusta Group plans to sell the Finance Centre Podium development in Auckland to listed Kermadec Property Fund (KPF).

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