New Zealand consumers are unwilling to pay current prices for smartphones, limiting sales even amid increased demand for applications offered by Facebook Inc., Telecom Corp. ’s chief executive officer said.
Canaccord Financial Inc. and GMP Capital Inc., Canada’s two largest non-bank brokerages, are plunging to three-year lows on the Toronto Stock Exchange as Europe’s debt crisis saps demand for mergers and financings.
Telecom Corp. , New Zealand’s largest telephone company, will be able to hold a shareholder vote on a possible demerger by the middle of next year if it’s selected as a partner in a national broadband plan.
Canaccord Financial Inc., Canada’s largest non-bank brokerage, agreed to buy Collins Stewart Hawkpoint Plc for 253.3 million pounds ($393 million) in its largest takeover, expanding the wealth management and investment-banking businesses in the U.K.
Apple Inc.’s new iPad runs “significantly hotter” than the earlier model when handling processor-intensive tasks such as playing graphics-heavy games, according to Consumer Reports, which tested the device.