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![Air NZ shares drop as Fyfe denies Telecom talk](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Air NZ shares drop as Fyfe denies Telecom talk
Air New Zealand shares have fallen 4pc this morning as chief executive Rob Fyfe poured cold water on speculation he could take the top job at Telecom.
![Slimmed down Telecom unveils $240m profit](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Slimmed down Telecom unveils $240m profit
A slimmed down Telecom said its demerger-adjusted net profit came to $240 million in the first half to December 31, up 51 per cent.
![Wall St up on good US jobs data](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Wall St up on good US jobs data
Wall Street advanced as investors chose to focus on the good news-the number of Americans filing for unemployment benefits held at the lowest level in four years.
![Shares a mixed bag as results season heats up](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Shares a mixed bag as results season heats up
New Zealand shares were mixed yesterday, with as many gaining stocks as decliners on the NZX 50 Index. Port of Tauranga rose after posting record first-half earnings while Fletcher Building extended its decline after profit missed its guidance.
![Vector earnings up 6.9pc, court battles dominate agenda](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Vector earnings up 6.9pc, court battles dominate agenda
Vector profits for the first half of the financial year rose 6.9 per cent, despite revenue growth of just 0.8 per cent.
![World shares down as economic data caps optimism](/pf/resources/images/placeholders/placeholder_l.png?d=796)
World shares down as economic data caps optimism
Equities in Europe and on Wall St fell overnight as indicators in the euro zone and China tempered optimism about the pace of the global economic recovery.
![Fletcher shares fall as profits drop 13pc](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Fletcher shares fall as profits drop 13pc
Fletcher Building's share price has fallen after the company reported a 13 per cent fall in its first half net profit.
![Wall St rallies on US earnings news](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Wall St rallies on US earnings news
Wall Street rallied overnight, but was inspired by US corporate earnings, not the prospect of a successful Greek bailout.
![Wall St up as US economic engine roars](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Wall St up as US economic engine roars
A slew of upbeat data on the American economic recovery supported Wall Street overnight.
![Goodman Fielder, Westpac lead sharemarket lower](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Goodman Fielder, Westpac lead sharemarket lower
New Zealand shares fell, led by foodmaker Goodman Fielder and Australian lender Westpac after they posted results that disappointed some investors.
![Air NZ plans more flights after Qantas cuts service](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Air NZ plans more flights after Qantas cuts service
Qantas will end flights from Auckland to Los Angeles in May as part of cost-cutting measures.