Wall Street sank amid disappointing jobs data and concern about chances the US Federal Reserve will ease back its stimulus measures. “Overall economic activity increased at a modest to moderate pace,” the Fed said in its Beige Book. “Hiring increased at a measured pace in several Districts, with some contacts noting difficulty finding qualified workers.” The Fed is looking for …

Air New Zealand, the only one of 11 airlines not to settle an antitrust suit over cargo with the Commerce Commission, has withdrawn a court challenge to the settlement deal. Air NZ has agreed to pay as yet unspecified costs to the regulator and the two sides have sought a penalty hearing, according to a joint statement from the airline …

Diligent Board Member Services plans to offer an additional US$6.7 million of performance-related cash, shares and options to its chief executive after its earlier bonus scheme fell afoul of regulations. CEO Alessandro Sodi will be offered 4.1 million units over five years, worth an estimated US$29.1 million, replacing an earlier package worth US$22.4 million, the New York based company said …