Stories by Pattrick - Page 4

Rakon's Brent and Darren Robinson to sell 493,000 shares each after breaching Takeovers Code. The brothers' purchases pushed family ownership over 20%.

The second-worst performing stock on the New Zealand sharemarket in the past year, will sell 80 percent of its Chinese joint venture factory to reduce debt.

2degrees posts its first positive EBITDA of $4.4m, signalling a strong market position against rivals after 3 years of losses.

Govt ponders creating a cyber security group to bolster public defences against rising web crimes, signifying a proactive approach to online safety.

Rakon's losses soar to $32.8m as it writes down assets in China and NZ, hitting the lower end of its downgraded earnings forecast.

Vodafone lost a net 7,000 mobile customers in the first three months of the year, its ninth straight quarterly decline.

Vodafone New Zealand's general counsel David Kreider retains his NZD $541,000 salary after a ruling found his role unchanged despite a corporate restructure.

Telecom's Gen-i has agreed to sell its Davanti Consulting business in a management buy-out the latest step to trim down IT services unit.

Telecom said annual earnings will be at the low end of guidance because of competition in fixed-line sales and a margin squeeze at its Gen-i unit.

Huawei's chief reassured NZ politicians that the tech giant poses no risk to cyber-security, despite prior US accusations. Labour MPs still voice concerns.

Datacom is selling its Asian call centres to Convergys for $A20 million, with 1,000 employees joining Convergys.

Telecom Corp announces up to 1,230 job cuts in a £110m cost-cutting drive, despite launching new ultrafast broadband services.

Trade Me is offloading its group-buying site Treat Me, with a management-led consortium set to take control next month for an undisclosed sum.

Telecom eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales.

Accounting software firm had $85 million of cash at the end of 2012 after raising $60 million in a private placement in December.

As Novopay falters, Govt turns to Datacom to ensure teachers' pay, revealing deep flaws in the payroll system overhaul.

Netflix shares soared 37.5% on surprise profits, driving Wall Street higher, while Apple's disappointing results dragged Nasdaq down 0.47%.

US corporate earnings will take centre stage with Apple, Microsoft, IBM and Google among those scheduled to release in the coming days.

Wall Street fall amid concern Apple is facing headwinds, fanning concern that other companies might struggle with demand for their products and services too.

Rakon slashes full-year earnings forecast to USD $8-12 million, down from USD $14-16 million, due to delayed sales and thinner margins; shares drop 2.4%.