Stories by Pattrick - Page 56

New Zealand sales fell 6 percent in the first half from a year-earlier result boosted by the 2011 Rugby World Cup.

Telecommunications network operator Chorus has been given some breathing space over price regulation of its ageing copper lines.

Chorus' executive in charge of building its tax-payer funded broadband programmes will leave the telecommunications network operator at the end April.

The Commerce Commission's draft on copper line pricing sets investors against consumers, stirring a debate on fibre vs copper broadband access.

Accounting software firm had $85 million of cash at the end of 2012 after raising $60 million in a private placement in December.

As Novopay falters, Govt turns to Datacom to ensure teachers' pay, revealing deep flaws in the payroll system overhaul.

Netflix shares soared 37.5% on surprise profits, driving Wall Street higher, while Apple's disappointing results dragged Nasdaq down 0.47%.

US corporate earnings will take centre stage with Apple, Microsoft, IBM and Google among those scheduled to release in the coming days.

Christchurch software developer Jade Corp is splitting off its fast-growing intelligence-gathering software arm, Wynyard Group, as a separate entity.

Wall Street fall amid concern Apple is facing headwinds, fanning concern that other companies might struggle with demand for their products and services too.

Trade Me founder trims his holding in Xero, taking advantage of a share price that has soared by 179 percent this year.

Rakon slashes full-year earnings forecast to USD $8-12 million, down from USD $14-16 million, due to delayed sales and thinner margins; shares drop 2.4%.

Wellington-based IT services firm doesn't envisage any change in its direction after 35 percent shareholder sale.

An NZX adviser will pay NZD $10,000 after exploiting a client to gain Trade Me shares during its IPO, violating trading rules and market watchdog sanctions.

Chorus averts major price slash on copper services, winning regulatory nod with slight 3.9% cut, easing fears for its ageing network's revenue.

Two American investors have increased their interest in cloud accounting software provider Xero by a total of $82 million.

Company hires Grant Samuel & Associates for a strategic review, saying its weak share price leaves the firm vulnerable to a takeover.

A sluggish first half saw Rakon's six-month loss widen to USD $3.96M, with falling revenues and rising expenses. Shares dropped 4.4% to 43 cents.

Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.

Chorus says copper lines regulation threatens to derail investment in building a national fibre network by undercutting the new technology.