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Adamson forfeits interest in $8 mln of shares after being dumped as CEO of Fletcher
By Jonathan Underhill July 21 (BusinessDesk) - Mark Adamson has forfeited $8 million in Fletcher Building shares after being dumped as chief executive at New Zealand's largest construction and building materials company and losing his entitlement to its incentive scheme. Ad...

NZ dollar rises above 74 US cents for first time in 10 months as ECB hints at tapering
By Jonathan Underhill July 21 (BusinessDesk) - The New Zealand dollar rose above 74 US cents for the first time in 10 months as the greenback fell against the euro after comments from European Central Bank president Mario Draghi that policymakers would consider winding back qu...

While you were sleeping: Sears teams up with Amazon
By Margreet Dietz July 21 (BusinessDesk) - Wall Street was mixed as a rally in shares of Sears following its deal with Amazon offset slides in other retailers including Home Depot, Lowe’s and Best Buy. Shares of Sears jumped, up 10.6 percent as of 3.45pm in New York, after...