More than 120,000 students will be asked to stay at home for a day this week after the teachers' union rejected what the Ministry of Education says is an 'excellent' pay offer.

As teachers reject the Govt's latest pay offer, the Education Minister says they simply don't have the kind of money being asked for.

The median weekly income edged lower in the year to June, as more people started receiving money from the Government rose while the self-employed earned less and investment income fell.

An Australian ombudsman is taking a NZX listed New Image to court to recover hundreds of thousands of dollars it says is owed to 14 workers.

The "GST-income tax switch" will from tomorrow leave the vast majority of income earners with at least a few more dollars in their pockets each week.

A bus driver who earned $48,000 a year bought more than $3m worth of real estate after being caught up in an alleged elaborate scam.