Business

Verizon Closes Yahoo Deal; Mayer Steps Down

Verizon Communications Inc said on Tuesday it closed its $4.48 billion acquisition of Yahoo Inc's core business and that Marissa Mayer, chief executive of the internet company, had resigned. The No. 1 U.S. wireless operator is rebranding AOL and Yahoo...

Apple Shares Drop After Mizuho Downgrade

Apple shares were stung by a broker downgrade for a second straight week on Monday, sending the stock lower to keep the tech sector under pressure for a second straight session. Mizuho Securities cut its rating on the iPhone maker...

Uber Board Adopts All Recommendations From Eric Holder Investigation

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The Uber Technologies Inc board of directors voted unanimously to adopt all recommendations from a report stemming from allegations of sexual harassment at the company and other employee concerns, a board representative said on Sunday. The board, at a...

U.S. Top Court Rules For Microsoft In Xbox Class Action Fight

The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect. The court,...

U.S. Banks Launching Answer To Peer-To-Peer Payment App Venmo

The U.S. banking industry is about to launch its answer to the popular mobile payments app Venmo, in what is likely to be the biggest change in years in how individuals exchange funds digitally. Over the next week, five of...

Nigerian Stock Market Gains N117bn To Hit 23-Month High

BEVERLY HILLS, June 09, (THEWILL) - Activities on the Nigerian Stock Exchange (NSE) remained on a bullish trend on Friday with the All-Share Index crossing the 33,000 mark for the first time since June 2015. NAN reports that the index...

U.S., Mexico Nearing Deal On Sugar: Mexico’s Guajardo

The United States and Mexico are close to announcing a deal on sugar trade, Mexican Minister of Economy Ildefonso Guajardo said ahead of a planned news conference on Tuesday after talks went into overtime this week. Guajardo, in an interview...

Jitters Push Treasury Yields, Dollar To Seven-Month Lows

U.S. Treasury yields and the dollar dropped to seven-month lows on Tuesday and world stocks slid as political uncertainty from the United States to the Middle East and weakness in commodity markets pushed investors away from risky assets. The yen...

Oil Slips On Worries Mideast Rift Could Undermine OPEC Cuts

Oil prices slipped further below $50 a barrel on Tuesday on concerns that a diplomatic rift between Qatar and several Arab states including Saudi Arabia could undermine efforts by OPEC to tighten the market. Benchmark Brent crude oil LCOc1 was...

Big U.S. Companies Stay On White House Panel Despite Climate Jolt

Several major U.S. companies, including Wal-Mart Stores Inc (WMT.N), JP Morgan Chase & Co (JPM.N) and IBM Corp (IBM.N), on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump's withdrawal...