Shares stories - Page 11

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

Early Facebook investor Jim Breyer has offloaded USD $81 million in stock, selling over 3.5 million shares amidst the company's recent 19% stock price rise.

Trade me said it will meet its prospectus forecast for dividends in the second half of the year though a hoped-for economic upturn hasn't materialised.

French telecom equipment maker will reduce it's Indian workforce by 1,000 people as the global economy takes its toll.

The cloud accounting software firm expects to make more losses in its push to become a global player and may raise more cash to pay for those plans.

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

TeamTalk posts a record 15.9% profit rise to NZD $5.4m, driven by booming broadband operations and key contributions like the Rugby World Cup 2011.

Chorus celebrated its first profit since separating from Telecom, posting a net profit of NZD $102 million and announcing a 25.5 cent dividend for 2013.

Telecom's FY profit missed estimates in its first report without Chorus, forecasting weaker 2013 earnings. EBITDA rose 48% but below expectations.

Director Peter Thiel sells most of his stock in the social networking site after the end of the first lockup period.

Early investors of the social networking site appear to be cashing in during their first chance to sell their stock, causing an all-time low in the market.

The Commerce Commission has halted its investigation into Chorus's copper service pricing, now pondering a suitable pricing regime for the ageing tech.

The world’s no.1 social-networking site performs as predicted but still faces concerns from worried investors.

The Federal Trade Commission's scrutiny of Facebook's USD $1 billion acquisition of Instagram delays the deal, amid doubts over the high valuation.

Top Xero executives sell USD $5 million in shares to welcome new investors, including MYOB co-founder Brad Shofer, without diluting current holdings.

LinkedIn reports over 100% growth in revenue for Q4, with $167.7m earned compared to $81.7m in 2010. Shares rise 9%.

Security firm AVG plans to raise up to USD $125 million through an IPO on the New York Stock Exchange, after a prosperous year for tech IPOs.

Telecom and Chorus shares rose on their NZX debut as separate entities, with Chorus up 11.26% to NZD $3.27 and Telecom rising 4.28% to NZD $2.02.

SmartPay closes RPS offer, looks offshore for funding to offset debt. Company says NZ market lacks appetite for offer.

HP shares plummeted to USD $23.60 as investors panic over the company's drastic strategic shift, casting doubt on its future prospects.