Recent Posts

While you were sleeping S and P 500 falls from record, JP Morgan nears bond deal

The Standard & Poor’s 500 Index fell from a record and Caterpillar led a slide on the Dow Jones Industrial Average after the world’s biggest maker of construction and mining equipment was among companies giving disappointing guidance. Caterpillar sank 6 percent after cutting its full-year sales and earnings outlook on reduced demand from mining companies. It reported third-quarter profit that …

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NZ ICT firms dominate sales growth in 2013 TIN100 survey of high-tech companies

New Zealand information and communication technology firms dominated sales growth among the nation's high-tech companies in 2013, according to the latest TIN100 survey. Revenues of ICT firms climbed by 16.5 percent, or $122 million in the latest year, accounting for almost half of the $260 million growth recorded for the TIN100 companies, The Technology Investment Network and Callaghan Innovation said …

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Tru-Test mulling three acquisitions, may seek shareholder funding as dairy exposure grows

Tru-Test Corp, which doubled in size after buying a dairy industry equipment business, is considering three offshore acquisitions that would extend its exposure to the dairy industry, says managing director Greg Muir. The company made what it calls a transformational acquisition by buying Dairy Technology Services in January for some $73 million and the purchase contributed to a 12 percent …

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