NZ Directories Holdings, the owner of the Yellow directories service, is unlikely to be able to repay $500 million of notes next year and may be wound up, with the profitable operations poured into a new vehicle. The company recorded an operating profit of $48.6 million in the 12 months ended June 30, down from $56 million a year earlier. …

US start-up accelerator Y Combinator is investing in kiwi software start-up GlassJar which provides people an easy way of managing their flat finances.  Y Combinator president Sam Altman is currently in New Zealand with Scott Nolan, a partner in top Silicon Valley venture capital firm Founders Fund,  looking for potential investments and speaking at corporate events in Auckland and Wellington. Both …

Abano Healthcare, the listed healthcare investor, boosted first-half profit 51 percent on increased revenue from its dominant dental business and a turnaround at its unprofitable audiology businesses. Net profit after minorities rose to $3.5 million, or 16.89 cents per share, in the six months ended Nov. 30 from $2.3 million, or 12.56 cents, a year earlier, the Auckland-based company said in …