Business

Apple Drags Down Wall Street

Apple weighed on the three major U.S. stock indexes on Thursday morning, a day after the tech giant unveiled the new iPhone 7 that failed to impress Wall Street. Shares of Apple (AAPL.O) fell 2.1 percent, their steepest decline since...

Apple Will Not Announce First-Weekend Sales Of Iphone 7

Apple Inc (AAPL.O) will not release first-weekend sales of the newly announced iPhone 7, a spokeswoman for the company said. The company decided to stop the practice because the number of phones sold during the period has become more a...

HP Enterprise Strikes $8.8 Billion Deal With Micro Focus For Software Assets

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Hewlett-Packard Enterprise agreed to sell its software business to Micro Focus in a $8.8 billion deal that shrinks the Silicon Valley pioneer again while catapulting the little-known British firm into the top tier of European tech companies. Autonomy, the British...

Twitter’s Dorsey Likely To Get Few More Quarters To Execute Plan: CNBC

Twitter Inc Chief Executive Jack Dorsey is expected to be given a few more quarters to execute his turnaround plan and his management will not be questioned at Thursday's board meeting, CNBC reported, citing sources. The company's shares were down...

Telecom Sector Investment Hits $68b, Makes Biggest Contribution To GDP In 6 Years

BEVERLY HILLS, September 07, (THEWILL) - The Nigerian Communications Commission (NCC) has revealed that investment in the telecommunication sector has increased to $68.2 billion from $50million in 2001 and has recorded its biggest contribution of 9.8 percent to the...

US Firm Liberty Media Buying Formula One Auto Racing Series

Formula One is being bought by Liberty Media, a U.S. company that invests in entertainment and sports, for $4.4 billion. Liberty Media Corp., which is controlled by 75-year-old tycoon John Malone, has ended years of uncertainty about the ownership of...

Stock Market Makes Gain After Two Days Of Losses

BEVERLY HILLS, September 07, (THEWILL) - Equity transactions on the Nigerian Stock Exchange on Wednesday reversed positively after depreciating for two consecutive days with market indicators rebounding by 0.07 per cent. NAN reports that the market capitalisation appreciated by N7...

Theresa May Receives Warnings At G20 Conference

As the G20 Summit in China concludes, which represented a first for hosts China, and also the first gathering of world leaders after the EU referendum outcome in June and before the Presidential Election in the United States this...

Wall Street Rises On Lower Rate-Hike Odds, Merger Activity

Wall Street was higher on Tuesday morning as lower chances of an interest rate hike and a host of multi-billion dollar takeover deals boosted investor sentiment. Top Federal Reserve officials, encouraged by a string of strong economic data, had hinted...

Paypal, Mastercard Reach Deal For Store Payments

MasterCard Inc said on Tuesday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal's payment services in stores. PayPal's partnership follows a similar deal with MasterCard's larger rival Visa Inc in...