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American computer network provider Emulex Corp says it had received acceptances for 88.4 percent of the shares of New Zealand-based, London AIM exchange-listed Endace, and will extend its offer to Feb 26 to allow it to mop up remaining shares, if possible. If Emulex reaches 90 percent acceptances, it has the option to trigger the compulsory acquisition provisions of the …

While the Standard & Poor’s 500 Index touched a fresh five-year high shortly after opening, it failed to hold those gains as investors sought to assess the impact of President Barack Obama’s second-term initiatives. With a focus on renewing America’s middle class, President Obama announced in his State of the Union address last night plans to lift the minimum wage …

Livestock Improvement Corp, which compensated some farmers for selling bull semen that caused ‘hairy calf’ mutations, increased first-half profit 7.3 percent as dairy farmers raised their herd investment, even as farmgate prices fell. Net profit rose to $30 million, or $1.017 a share, in the six months ended Nov. 30, from $28 million, or 94.7 cents, a year earlier, the …

NZ Inc was blown away when shown through ‘Banyan Tree on the Bund’  – a terrific six-star hotel towards the mouth of the Huangpo River – during a recent research trip to China.  The developer is Pengxin better known in Shanghai as a real estate developer than as the buyer of the Crafar farms. online marketing jobs Pengxin chairman Jiang …

Parliament’s outgoing Speaker Lockwood Smith let the proverbial out of the bag by revealing in his valedictory speech this evening that Simon Tucker is NZ’s High Commissioner-designate to Canada. Tucker – a former MFAT official and Fonterra manager – was until recently a boss at DairyNZ. Smith acknowledged Tucker as one of a trio of talented former staffers who had …

work from home online Z Energy and Norske Skog, which operates a paper mill at Kawerau, are seeking majority government funding for a proposed $50 million demonstration plant to turn wood waste into transport fuels. Z chief executive Mike Bennetts announced the plan at a conference in Wellington, at the same time as revealing the 100 percent New Zealand-owned fuel …

BNZ has launched ‘YouMoney’ – an innovative new online banking system built from the ground up to capture a bigger share of the youth “digital natives” banking market. “Young people told us they want their personal banking to be easy and intuitive – so that’s what we’ve created,” says BNZ director of retail, Andy Symons. In contrast to the standard …

Fund manager AMP Capital, which manages $16 billion, expects a string of investment opportunities on the New Zealand sharemarket will suck up to $2 billion in new funds from investors this year, reversing the trend of the last decade. Head of equities Guy Elliffe told a client presentation in Wellington that the local stock exchange faces a “materially” busier year …

Goodman Fielder, the biggest food company in Australia and New Zealand, said first-half earnings more than doubled on gains from asset sales while revenue fell with the rise of supermarket inhouse baking and grocery brands. Profit rose to A$51 million, or 2.6 cents a share, in the six months ended Dec. 31, from $21.5 million, or 1.4 cents, a year …

Shares of Rakon tumbled about 24 percent to a record low after the former local tech darling cut its annual earnings guidance for the second time since December, blaming increasing price competition in the smart device market. best part time jobs The stock fell 9 cents to 29 cents, slicing about $17 million off its market value to $55.4 million. …