Wall Street gained as a meeting between US President Barack Obama and House Speaker John Boehner at the White House today bolstered optimism a budget agreement will be reached soon. Wall Street took heart from the 45-minute gathering about which no further details were released. In afternoon trading in New York, the Dow Jones Industrial Average rose 0.62 percent, the …

ANZ New Zealand, the country’s biggest bank, sold its eftpos terminal leasing unit, EFTPOS New Zealand, for an undisclosed sum to global payments firm VeriFone Systems. Once the deal is complete, VeriFone will supply electronic payment terminals and switching services in New Zealand, while ANZ will provide merchant acquiring services, which essentially is the processing of fund transfers. The deal …

Datacom Group, the Wellington-based IT services firm, doesn’t envisage any change in its direction after 35 percent shareholder New Zealand Post sold its stake to the New Zealand Superannuation Fund. State-owned postal service NZ Post has sold its share for $142 million, reaping a net gain of $76.4 million. The sale of shares in Datacom “is a move out of …