Wall Street slipped from record highs as some investors took the opportunity to lock in profits on a day without immediate impetus to drive valuations higher and disappointing corporate results such as from Deere. With about an hour of trading left in the day in New York, the Dow slid 0.38 percent, the Standard & Poor’s 500 Index fell 0.19 …

Matthew Olde, who helped manage MightyRiverPower’s IPO, has been tapped by the government-controlled energy provider to become chief executive of its Metrix metering business. The Auckland-based company is targeting growth through its Metrix service, which provides electricity retailers and companies with ‘smart’ meters, and is currently New Zealand’s second largest provider of meters, MRP said in a statement. Olde has …

Morrison & Co, the Wellington-based investment manager that founded Infratil in 1994, says clients taken on since then are potential partners of the listed fund and provide a wider scope for assessing business opportunities. Morrison & Co Infrastructure Management was paid a management fee of $19 million by Infratil for the year ended March 31, down from $19.7 million a year …