Wellington, July 28 NZPA - Pacific Fibre -- the company set up earlier this year to build a fibre optic cable between New Zealand, Australia and the United States -- is working on the project with Asian telco Pacnet.

Wellington, July 26 NZPA - The New Zealand sharemarket had a broad-based rally today with the number of stocks rising nearly three times the number falling.

Wellington, July 23 NZPA - Xero shares leaped 12.77 percent today as investors reasoned that if Sam Morgan puts more money into a company it must be a winner. Xero shares closed up 18c at 159 in a market that otherwise struggled to replicate a strong performance by Wall Street.

Wellington, July 23 NZPA - The New Zealand sharemarket rose in early trade after equities in the United States bounced back strongly.

Wellington, July 22 NZPA - Xero Ltd, the company trying to build a global accounting software business from New Zealand, said Sam Morgan is increasing his stake in the company.

Wellington, June 24 NZPA - Trans-Pacific data cable company Pacific Fibre has raised more than $NZ1 million from a range of investors, including former Fairfax Media chief executive David Kirk, who is joining the board.

Wellington, June 24 NZPA - Former Fairfax Media chief executive David Kirk is joining the board of trans-Pacific data cable company Pacific Fibre and is investing in the project.

Wellington, March 11 NZPA - Businessmen Sam Morgan, Stephen Tindall and Rod Drury are part of "an early stage" venture to build a submarine fibre cable between Australia, New Zealand and the United States, with five times the capacity of the existing Southern Cross system.

Wellington, March 11 NZPA - The New Zealand sharemarket closed little changed on a day in which the Reserve Bank did as expected and left official interest rates at a record low 2.5 percent.

Wellington, March 11 NZPA - Businessmen Sam Morgan, Stephen Tindall and Rod Drury are part of "an early stage" venture to build a fibre cable between Australia, New Zealand and the United States, with five times the capacity of the existing Southern Cross system.