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Godfreys hoovers up The Service Company for $2.7 mln
By Paul McBeth Feb. 12 (BusinessDesk) - Australian vacuum cleaner firm Godfreys Group has bought New Zealand commercial cleaning firm The Service Company (TSC) for $2.7 million as it seeks to build up the business in a highly fragmented market. The Victoria-based company w...

NZ dollar advances as higher yields lure investors
By Tina Morrison Feb. 12 (BusinessDesk) - The New Zealand dollar advanced even amid fears of a global slowdown, as the country's higher relative interest rates lured investors. The kiwi gained to 66.84 US cents at 8am in Wellington, from 66.69 cents at 5pm yesterday. The tr...

While you were sleeping: Stocks, Boeing sink
By Margreet Dietz Feb. 12 (BusinessDesk) - Equity markets slid amid renewed fears about global economic growth, bolstering the appeal of perceived safe-haven assets like US Treasuries and gold. Spot gold climbed more than 4 percent to touch US$1,247.98 an ounce, its highest...