Carter Holt cops $1.85m fine for price fixing
Wood products group Carter Holt Harvey has been slammed with a $1.85m fine for price fixing after admitting its part in anti-competitive activity.
Wood products group Carter Holt Harvey has been slammed with a $1.85m fine for price fixing after admitting its part in anti-competitive activity.
Carter Holt Harvey has agreed with the Commerce Commission that it should pay a $1.85m penalty for its part in a timber price fixing cartel with a division of Fletcher Building.
Labour MP Shane Jones says he feels vindicated by the Commerce Commission's decision to formally investigate allegations he has made.
Labour MP Shane Jones uses parliamentary privilege to slam extortion and "dingo culture" of Australian supermarket chains. But Countdown head rejects claims.
Vodafone has settled a case with the Commerce Commission and paid out almost $270,000 to 11,000 customers who signed up to a mobile broadband promotion.
Chorus' reputation and NZ's as a place to invest has been "severely tarnished", the embattled infrastructure company's chairwoman has told shareholders.
The Govt is to review legislation around the Commerce Commission following its ruling to cut wholesale copper based internet prices, Finance Minister Bill English says.
Chorus shares have continued to tumble to a new low this morning - on the back of 35.5c fall last week.
NZ can look forward to cheaper broadband or higher data caps after National was yesterday left with no mates in Parliament to support its proposal to override price cuts.
Communications Minister Amy Adams has hired Ernst & Young Australia to investigate Chorus's financial position after the Commerce Commission ordered price cuts to the network operator's copper lines.
Chorus is trailing behind other ultra-fast broadband network builders in speed tests, says TrueNet.
Internet company CallPlus has launched court action to stop a Government review that proposes to override the Commerce Commission and directly set broadband prices.
Telecommunications company Chorus's $95 million payout to investors is being questioned after the company's warning about its financial viability.
The Government has launched an independent probe of Chorus' financial position and its ability to deliver on nationwide ultrafast broadband contracts.
The Government will tomorrow reveal more on its response to the Commerce Commission slashing broadband prices as Chorus' share price continues to tumble.
A Chorus investor has lashed out in a personal email to the Commerce Commission's Stephen Gale and said yesterday's broadband price cut was a "misguided decision".
To accept the idea of being under constant observation is to accept imprisonment - ironically by the Land of the Free, writes Chris Barton.
Chorus would get "windfall gains" and have an incentive to "go slow" building the ultra-fast broadband network if the Govt intervenes in the copper internet market, says Vector.
An airline group says regulation of airport landing fees is too light.
Christchurch International Airport's target profits for the next two decades have been labelled "excessive" by the Commerce Commission.
The Commerce Commission has warned Sky TV that its contracts with telcos were likely to have previously harmed competition.