Stories by Pattrick - Page 5

Wellington-based IT services firm doesn't envisage any change in its direction after 35 percent shareholder sale.

A sluggish first half saw Rakon's six-month loss widen to USD $3.96M, with falling revenues and rising expenses. Shares dropped 4.4% to 43 cents.

Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.

Companies are being more flexible about allowing employees to use their own technology at work and are using social media more for communication.

The cloud-based accounting platform provider more than doubled first-half sales and expects to list across the Tasman next month as it boosts its oper.

Vodafone NZ sees 16% profit jump thanks to Telecom settlement, despite facing regulatory challenges and customer losses.

Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.

Kim Dotcom's content sharing Megaupload empire might not keep the same moniker but will be back in some form or another if the US government's case fails.

Vmob is on the prowl for fresh capital and wants to raise up to $5m in a private placement, with a share purchase plan to follow.

Hawaiki Cable set to connect Pacific with high-speed fibre, promising to boost NZ and island nations' development by late 2014.

VMob, the Auckland-based smartphone voucher application firm, has completed a backdoor listing on to the stock exchange's small-cap NZAX.