Employee ownership helps engineering company take long-term approach.

What went wrong at Whitcoulls?

Tooth and claw competition is what we need, not John Key's mothering.

Gold hit a record high on world markets overnight, but equities fell as investors worried about the impact on consumer spending and corporate profits of high oil prices.

The new Financial Markets Authority will have the power to clamp down on low-ball stock offers the likes of which are used by Christchurch businessman Bernard Whimp.

The New Zealand dollar will probably hold around 75 US cents until next Thursday as traders wait for the Reserve Bank to say whether it will cut the OCR.

Stock market operator NZX has reported an 18 per cent rise in normalised net profit to $11.7 million in 2010, with a "distinct" rise in revenue in the final quarter.

The New Zealand dollar has fallen to a near six-month low on a trade-weighted basis.