Shares stories - Page 2

Sky TV has inked a deal with Vodafone, merging separate resale and distribution agreements, boosting Sky TV shares by 1.3% to NZD $5.30.

Rakon's Brent and Darren Robinson to sell 493,000 shares each after breaching Takeovers Code. The brothers' purchases pushed family ownership over 20%.

Software maker blames an expanding salesforce for a pretty big miss during third-quarter software sales, does this mean a resounding boost during Q4?.

Trade Me is offloading its group-buying site Treat Me, with a management-led consortium set to take control next month for an undisclosed sum.

Telecom eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales.

Rakon slashes full-year earnings forecast to USD $8-12 million, down from USD $14-16 million, due to delayed sales and thinner margins; shares drop 2.4%.

A sluggish first half saw Rakon's six-month loss widen to USD $3.96M, with falling revenues and rising expenses. Shares dropped 4.4% to 43 cents.

Rakon to cut 60 New Zealand jobs, shifting manufacturing to China and India to cut costs and improve profits by NZD $10 million annually.

Early Facebook investor Jim Breyer has offloaded USD $81 million in stock, selling over 3.5 million shares amidst the company's recent 19% stock price rise.

French telecom equipment maker will reduce it's Indian workforce by 1,000 people as the global economy takes its toll.

Woolworths offloads its Dick Smith electronics chain to Anchorage Capital Partners for AUD $20 million, sharpening its focus on core supermarket operations.

Director Peter Thiel sells most of his stock in the social networking site after the end of the first lockup period.

Early investors of the social networking site appear to be cashing in during their first chance to sell their stock, causing an all-time low in the market.

The world's no.1 social-networking site performs as predicted but still faces concerns from worried investors.

The Federal Trade Commission's scrutiny of Facebook's USD $1 billion acquisition of Instagram delays the deal, amid doubts over the high valuation.

Top Xero executives sell USD $5 million in shares to welcome new investors, including MYOB co-founder Brad Shofer, without diluting current holdings.

LinkedIn reports over 100% growth in revenue for Q4, with $167.7m earned compared to $81.7m in 2010. Shares rise 9%.

Security firm AVG plans to raise up to USD $125 million through an IPO on the New York Stock Exchange, after a prosperous year for tech IPOs.

HP shares plummeted to USD $23.60 as investors panic over the company's drastic strategic shift, casting doubt on its future prospects.

The sale of InterDigital, holder of 8800 patents, is delayed to September after Google's unexpected USD $12.5 billion acquisition of Motorola Mobility.