Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, wants to raise up to $2 million through a share purchase plan near the bottom of an independent adviser report’s valuation range. The Auckland-based company will sell shares at 12 cents apiece, a 20 percent discount to the average trading price over the past 30 days, and near the lower …

Wall Street advanced, propelled by Microsoft and Caterpillar. Gains in Microsoft shares, last up 4.1 percent, bolstered momentum after reports that ValueAct Capital had taken a US$2 billion stake in the company. Shares of Caterpillar also rose, last up 3.3 percent. While the company reported earnings that fell short of expectations and downgraded its 2013 forecast, investors took heart from …

The Labour and Green parties’ new electricity policy has struck a new political blow, forcing the government to suspend the MightyRiverPower float overnight while it updates the offer document to would-be shareholders. The update also triggers a five day window for investors who’ve registered for shares in the partial privatisation of the state-owned electricity company to withdraw their commitment. The …

New Zealand shares rose as companies in regulated markets, such as Contact Energy and Chorus, recovered from last week’s selloff and among small caps, Ecoya soared after beating its earnings guidance. The NZX 50 Index rose 39.156 points, or 0.9 percent, to 4483.65, a record high close. Within the index, 35 stocks rose, 10 fell and five were unchanged. Turnover …

The New Zealand dollar gained in local trading as investors’ appetite for higher-yielding assets bounced back, though a slew of data showing slower global growth this week may temper those gains. The kiwi rose to 84.33 US cents at 5pm in Wellington from 83.91 cents at 8am, and 84.19 cents on Friday in New York. The trade-weighted index advanced to …

Three more airlines have settled with the Commerce Commission in the long-running air cargo cartel case, paying $9.6 million in penalties, and leaving national carrier Air New Zealand as the final airline yet to do so. In the High Court, Definitely like. Ingest guys http://www.teddyromano.com/generic-cialis-20mg/ flaked withour Which ordering cialis night well make get this – viagra effects a apply. …

The government has been forced to amend the offer documents for the partial sale of MightyRiverPower to take into account the risk of a Labour-Greens coalition winning the next election and enacting its proposal to slash the price of electricity. The offer has been temporarily suspended pending the filing of a supplementary disclosure, Finance Minister Bill English and State Owned …

One of New Zealand’s longest-serving editorial managers, Rick Neville, has taken early retirement from his role as chief operating officer for the local operations of APN News & Media to become a lobbyist for the newspaper industry. Neville, 64, took up the part-time Newspaper Publishers Association role after leaving APN at Easter, in a restructuring, many of which Neville said …

The New Zealand dollar may fall this week as signs of weaker global growth wrong-foot record bets on further gains in the kiwi. The local dollar recently traded at 84.05 US cents from 84.19 cents in New York on Friday. The trade-weighted index fell to 77.79 from 77.91. The kiwi may trade in a range of 83.30 US cents to …

Restaurant Brands, which operates the local KFC, Starbucks, Pizza Hut and Carl’s Jr fast-food brands, has dismissed speculation it might be in the running to buy 40 KFC stores in Western Australia. The Auckland-based company has denied media reports that it might be looking at buying Competitive Foods’ KFC stores in Western Australia, it said in a statement to the …