New Zealand Oil and Gas shareholders voted yesterday not to pay reparation of $3.41 million to the Pike River families.

Grey District mayor Tony Kokshoorn says the resource consent approval for Escarpment coal mine on the West Coast's Denniston Plateau is great news for the district.

Why scrap over 2 per cent of the beer market? That's the question being posed by Moa Brewing Company chief executive Geoff Ross.

NZ tech darling Xero has raised $180m in new capital - but it's not planning new acquisitions. It's "more about building a war chest" says founder Rod Drury.

An academic says New Zealand's local stock exchange needs to step up its game.

Shares in Mighty River Power gained 5c today after the company announced that it would buy back up to $50 million of its shares - 6 months after it was listed.

The newly floated state owned power company Mighty River has announced a $50m share buyback plan - less than six months after it was partially privatised.

A call by Abano Healthcare for former director Peter Hutson to come up with a price for his half of their jointly owned audiology business has failed to illicit a public response.

Activist investor Carl Icahn is pressuring Apple to spend $150b buying back its own shares.

The New Zealand sharemarket rallied by more than 1 per cent yesterday after US Federal Reserve chairman Ben Bernanke said he would maintain the country's stimulus programme.