Health-care stocks including Medtronic fell after the US Treasury Department said it plans to rein in corporate tax inversions. A corporate inversion is a transaction in which a US-based multinational restructures so that the US parent is replaced by a foreign parent, in order to avoid US taxes. In the US, shares of Medtronic fell 3.3 percent and shares of …

SLI Systems co-founders Geoff Brash and Steve Marder were two of the initial shareholders of the search engine developer who sold some 6.8 percent of the company at the end its 16-month lock-up period at 23 percent below last year’s offer price in a placement largely made up of institutional investors. Brash, vice president of SLI’s business intelligence, halved his stake to now hold 1.2 million …

New Zealand shares rose as energy companies extended yesterday’s gains after the incumbent National-led government’s convincing general election win on Saturday, lifting the threat of further regulation for the power sector. Kathmandu Holdings fell after reporting a decline in annual earnings. The NZX 50 Index rose 5.151 points, or 0.1 percent, to 5241.443. Within the index, 23 stocks rose, 16 fell and 11 were …