Business

SAN FRANCISCO, August 15, (THEWILL) – Oil prices hit five-week highs on Monday, gaining about 10 percent in a three-day rally as speculation intensified over potential producer action to support prices amid a crude glut. Data from market intelligence firm Genscape...

SAN FRANCISCO, August 15, (THEWILL) – Tesla removed the word "autopilot" and a Chinese term for "self-driving" from its China website after a driver in Beijing who crashed in "autopilot" mode complained that the car maker overplayed the function's...

SAN FRANCISCO, August 15, (THEWILL) – The three major U.S. stock indexes hit all-time highs on Monday, building on the record-setting rally of the past few weeks, as oil prices rose. Oil rose above the $47 mark and was near...

China will use the stricter enforcement of environmental, safety and energy efficiency standards as well as tougher credit controls to help fight against overcapacity in key industrial sectors, the government said. The world's second-largest economy has identified overcapacity as one...

The glue binding a still-aggressive global monetary policy response to a struggling world economy and almost daily record highs for world stock markets along with record low bond yields is set to remain intact in the coming week. The one...

Rupert Murdoch on Friday named company veterans Jack Abernethy and Bill Shine as co-presidents to lead Fox News after Chief Executive Officer Roger Ailes resigned last month following sexual harassment allegations. Abernethy is CEO of Fox Television Stations and Shine...

A charity looking to fight the rise of dangerous, drug-resistant bacteria on Thursday asked the public to help convince McDonald's restaurants around the world to stop serving meat and milk from animals raised with routine use of medically important...

BEVERLY HILLS, AUGUST 12, (THEWILL) - The Naira on Friday appreciated further against the dollar at the parallel market. The Nigerian currency closed at N385 to the dollar from N390 it exchanged on Thursday; while it traded against the Pound...

Arianna Huffington, who co-founded the liberal news website Huffington Post 11 years ago, has announced she is to step down as editor-in-chief. She will leave the AOL-owned site to run a new venture, Thrive Global, she said on her Twitter...

Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) reported a better-than-expected 59 percent jump in quarterly revenue on Thursday, defying a slowdown in the Chinese economy. Alibaba's total revenue rose to 32.15 billion yuan, or $4.84 billion, in the quarter...