Business

After Buying Sabmiller, AB Inbev Could See More Deals

Once Anheuser-Busch InBev (ABI.BR) seals its 79 billion pound ($104.8 billion) takeover of rival brewer SABMiller (SAB.L), it could find itself party to other smaller deals, involving Castel Group, Coca-Cola (KO.N) and Anadolu Efes (AEFES.IS). AB InBev, maker of Budweiser...

Tesla’s Musk Says New Autopilot Likely Would Have Prevented Death

Tesla Motors Co Chief Executive Elon Musk said on Sunday the automaker was updating its semi-autonomous driving system Autopilot with new limits on hands-off driving and other improvements that likely would have prevented a fatality in May. Musk said the...

OPEC Points To Larger 2017 Oil Surplus As Rivals Keep Pumping

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OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and U.S. shale drillers prove more resilient than expected to cheap crude, pointing to a larger surplus in the market next year. Demand...

Nigeria To Raise N952bn Through Sale Of Treasury Bills In Q4

BEVERLY HILLS, September 08, (THEWILL) - Nigeria will raise about N952 billion naira ($3bn) through the sale of new Treasury bills from Sept. 15 to Dec. 1, the Central Bank of Nigeria (CBN) said Wednesday in its latest issuance...

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

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...