Powdered dairy products exporter Synlait Milk has turned in a maiden profit of $6.3 million for the year to July 31 and expects to seek fresh capital from its two shareholders as it pursues “further strongly profitable opportunities.” The Dunsandel-based processor added a further 20 supplier farms during the year and processed a total of 498 million litres of milk …

In an effort to try and connect with the public about his fiscal cliff message, US President Barack Obama did what had worked so well for him in his election campaigns – he tweeted. The President opted to connect directly with Americans about fiscal cliff negotiations by personally responding to select vocal detractors of his proposed solutions on taxes and spending. …

The mystery buyer of Kirkcaldie & Stain’s Harbour City Centre on Wellington’s Lambton Quay has walked away after deciding the building wasn’t the right fit as an investment. The bidder for the $46.5 million property confirmed it wasn’t satisfied with the building after deciding the rear development site of the building didn’t fit its business plan, Kirkcaldie said in a …