Business

Tesla Motors Inc (TSLA.O) said on Monday it had reached a deal with SolarCity Corp (SCTY.O) to buy the solar panel installer for $2.6 billion, a big step in Chief Executive Elon Musk's plan to offer consumers a one-stop...

Kweku Adoboli, the rogue trader jailed in 2012 for the biggest fraud in British history, has said his crimes could be repeated because bankers still faced the same pressure to make profits "no matter what". A star trader on the...

Verizon Communications Inc said it will buy GPS vehicle tracking company Fleetmatics Group Plc for about $2.4 billion in cash. Verizon will pay $60 per Fleetmatics share, a premium of about 40 percent to Friday's close. REUTERS

FMDQ OTC Securities Exchange on Saturday said that over $1.20 billion dollars worth of the Central Bank of Nigeria (CBN) OTC FX Futures contracts have been traded on its OTC FX Futures Trading & Reporting System. The exchange made the...

Mercedes-Benz has withdrawn an advert in the United States which compared its new E-class with a futuristic self-driving concept car following allegations from local consumer groups that the marketing claims were misleading. Earlier this week, U.S.-based Consumer Reports urged the...

Chevron Corp, the second largest U.S.-based oil producer, posted a second-quarter loss on Friday, its largest since 2001, due to the slump in crude prices and refining income. While the adjusted results beat Wall Street expectations, they highlighted the deep...

Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday due to weak crude prices and refining income, reflecting the broad malaise in the energy sector. Net income slumped to $1.7 billion, or...

BEVERLY HILLS, JULY 29, (THEWILL) - Africa’s biggest mobile phone operator, MTN Group, has revealed that its Nigeria unit is on track to list on the Nigerian Stock Exchange in 2017 as part of an agreement with the Federal...

Wall Street fell on Thursday morning on mixed earnings and weak economic data, a day after the Federal Reserve decided to keep interest rates unchanged. The Fed said on Wednesday that the U.S. economy had expanded at a moderate rate...

Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market. Netsuite shares rose 18.6 percent to $108.64 in premarket trading, just shy of the offer price of...