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While you were sleeping: Profit-taking caps advances
By Margreet Dietz Nov. 12 (BusinessDesk) - Wall Street slipped, after both the Dow and the S&P 500 climbed to fresh record highs earlier in the session, as investors weighed whether the outlook for corporate earnings justified pushing equities higher still. In afternoon tr...

Just Water independent directors accept founder's 15 cents per share takeover offer
By Suze Metherell Nov. 11 (BusinessDesk) - Just Waters International's independent directors have recommended shareholders accept founder and majority investor Tony Falkenstein's takeover bid for the water cooler and supplies group. Falkenstein, through his vehicle the Harv...

MARKET CLOSE: NZX 50 at record; MRP, Spark gain amid hunger for yield
By Suze Metherell Nov. 11 (BusinessDesk) - New Zealand shares rose to a record, led by MightyRiverPower and Spark New Zealand, as investors sought dividend paying equities in a low interest rate environment. Infratil advanced to a seven-year high as it signalled a capital retu...