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24 Sep 2017

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Mark Zuckerberg to sell up to US $12 billion of Facebook shares to fund philanthropy
Mark Zuckerberg said Facebook is withdrawing plans to create a new class of stock that would have let him keep tight reins on the social media company even as he sold down his stake to fund his philanthropy.Zuckerberg said he plans...

MARKET CLOSE: NZ shares up, trading quiet ahead of election; Fletcher, TradeMe gain, A2 falls
New Zealand shares rose in light trading ahead of tomorrow's general election, with Fletcher Building and Trade Me Group rising while A2 Milk dipped

L'Oreal billionaire heiress Liliane Bettencourt dies at 94
Liliane Bettencourt, heiress to the L'Oreal cosmetics empire and the world's wealthiest woman, has died. She was 94. Her death was announced in a statement from Jean-Paul Agon, chief executive officer at L'Oreal Group. She died on Wednesday at her home in Neuilly, a suburb west of Paris, according to a company spokesman. No cause was given. Bettencourt, the only child of L'Oreal founder Eugene Schueller, owned about one-third of the company's shares. During her lifetime, the Paris-based company grew from a small hair-dye supplier into the largest maker of beauty products with more than 30 brands including Lancome and Garnier sold in about 140 countries. In 2016 the company reported revenue of ā?¬25.8 billion (NZ$42.1 billion). READ MORE: * Liliane Bettencourt's nurse found not guilty of exploitation * L'Oreal heiress fraud scandal * For a few hours, Jeff Bezos was the world's richest person

Mercury leads sharemarket higher
By Paul McBeth New Zealand shares rose for a second day as stocks weighed down by fears about the jet fuel shortage in Auckland such as Air New Zealand and Z Energy joined other companies in bouncing back from a recent sell-down.The...

Synlait success has stock at record high
New Zealand shares inched up, with Synlait Milk touching records, A2 Milk gaining after Synlait's positive earnings and New Zealand Refining recovering.The S&P/NZX 50 Index rose 5.82 points, or 0.08 per cent, to 7,764.53. Within...

Social media: The perfect way to mark election day
It's D-Day and Charlotte Graham shares the best posts and pictures from around the internet on election day.

Western Force stalwart Pek Cowan shares mental health fears after team's axing
New Zealand-born Western Force stalwart Pek Cowan has written of his concern for his teammates' mental health and the lack of support they've received since the club's Super Rugby axing.

Powerhouse cashes up shares in robotics company
Christchurch-based Powerhouse Ventures will sell $1.3 million worth of its shares in Invert Robotics to provide working capital.

Shares edge lower ahead of election
New Zealand shares closed lower, with Fletcher Building dropping while Synlait and Restaurant Brands gained on good sales.The S&P/NZX 50 Index fell 23.83 points, or 0.3 per cent, to 7795.41. Within the index, 23 stocks fell, 16...

Mexico's earthquake at street level: What one man saw
In this photo essay, photographer Clayton Conn shares his experience of the Mexico City earthquake.

Chorus plans underwrite for dividend reinvestment programme
Chorus is going to underwrite its dividend reinvestment programme, issuing shares to the underwriter at the 3 per cent discount for the portion not taken up by shareholders. The Wellington-based telecommunications network operator's...

Chorus plans underwrite for dividend reinvestment programme
Chorus is going to underwrite its dividend reinvestment programme, issuing shares to the underwriter at the 3 percent discount for the portion not taken up by shareholders

HTC shares suspended on Google takeover rumours
Shares in Taiwanese smartphone firm HTC are suspended amid rumours Google parent Alphabet is planning a takeover.