Business

Microsoft Corp (MSFT.O) said it is selling its entry-level feature phone assets to FIH Mobile Ltd and HMD Global Oy for $350 million. FIH Mobile, a subsidiary of Hon Hai/Foxconn Technology Co Ltd (2354.TW), would also acquire Microsoft Mobile Vietnam...

SAN FRANCISCO, May 17, (THEWILL) – Oil rose to six-month high near $50 per barrel on Tuesday boosted by investors demand for riskier assets at the expense of safe-haven bonds. NAN/Reuters reports that Brent crude futures LCOc1 rose 0.7 per...

SAN FRANCISCO, May 16, (THEWILL) - The Management of Oando Plc has called for calm over its inability to issue its audited accounts on 31 March, 2016, as required by the rules of the Nigerian Stock Exchange. According to a...

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has revealed that Nigeria’s crude oil production had declined from 2.2 million barrels per day to 1.4 million barrels per day due to pipeline vandalism. According to NAN the Minister...

After poaching Bentley's design chief last year, Hyundai Motor Co (005380.KS) said on Monday that it has also secured the services of the luxury marquee's exterior designer. Hyundai issued a statement saying Sangyup Lee will start work next month as...

Pfizer Inc (PFE.N) will buy Anacor Pharmaceuticals Inc (ANAC.O) in a deal valued at $5.2 billion, net of cash, for access to Anacor's non-steroidal topical gel to treat eczema. Pfizer will pay $99.25 per share for Anacor, a 55 percent...

Google (GOOGL.O) faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in...

International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said on Friday. Oil companies helping Iraq develop its...

Oil prices slipped on Friday, ending a three-day rally, as a strong dollar weighed and investors cashed in on recent gains, but losses were cushioned by outages in Nigeria that have slashed output to the lowest in over two...

U.S. stocks were lower on Friday afternoon as a decline in oil prices added to the pressure from consumer stocks after strong April retail sales data was overshadowed by gloomy earnings reports from retailers. The Nasdaq gave up early gains...