Accident Compensation Corp named Scott Pickering, an executive at NYSE-listed insurance broker Willis Group Holdings, as its new chief executive. Pickering, a kiwi who has worked abroad for much of the past 22 years, will start on May 1, taking over from acting CEO David May, who has been at the helm since Ralph Stewart departed in December. He has …

Stock exchange operator NZX is looking to launch a new spot gas market in June this year expanding its range of services, and providing participants a new tool to manage their supply as the sector new pipeline requirements. The Wellington-based company’s launch is contingent on securing operating approvals, and will offer a baseline market from June to allow monthly, weekly, …

Rupert Murdoch’s News Corp completed the $815.3 million sale of its stake in local pay-TV operator Sky Network Television. The global media empire slated for a demerger along publishing and broadcasting lines later this year sold its 44 percent stake in Sky TV at $4.80 a share in an underwritten placement to institutional investors. Sky TV today said the sale …