MetService, the nation’s state-owned weather forecaster, paid $3 million for a 49 percent stake in privately owned New Zealand oceanographic consultancy MetOcean Solutions, giving it a foothold in a market worth more than $10 million. The purchase will allow Wellington-based MetService to expand its research capability and add customised oceanographic forecasting and consultancy expertise to its global offering. For MetOcean, …

Diligent Board Member Services, the governance app maker hit by a slew of administrative mis-steps, will restate how it has recognised revenue over the past three financial years, delaying publication of second-quarter trading, which it says will show slowing sales in the US. The New York-based company will restate financial statements for the 2010, 2011, 2012 financial years and the …

Wall Street slipped from record highs amid comments by a US Federal Reserve official that the central bank should start tapering its bond-buying program next month. In late afternoon trading in New York, the Dow Jones Industrial Average fell 0.32 percent, the Standard & Poor’s 500 Index eased 0.20 percent and the Nasdaq Composite Index slipped 0.07 percent. Declines in …