Business

Japan's Toshiba Corp (6502.T) said it had nominated Satoshi Tsunakawa, a former head of its medical equipment division, to be its next chief executive officer - a move that it hopes will draw a line under a damaging accounting...

Facebook Inc (FB.O) lost the first round in a court fight against some of its users who sued the social networking company, alleging it "unlawfully" collected and stored users' biometric data derived from their faces in photographs. The judge presiding...

Time Warner Inc reported higher-than-expected earnings on Wednesday on strong revenue from its HBO cable channel and Turner Broadcasting unit. The New York-based company said first-quarter net income rose to $1.21 billion, or $1.51 per share, from $970 million, or...

Oil rose toward $46 a barrel on Wednesday as reduced production in Canada's oil sands region due to a wildfire pushed aside concerns about excess global supplies and expectations of rising U.S. crude inventories. The Canadian province of Alberta was...

Pfizer Inc (PFE.N) has approached U.S. cancer drug maker Medivation Inc (MDVN.O) to express interest in an acquisition, raising the possibility of a bid rivaling a $9.3 billion offer by Sanofi SA (SASY.PA), people familiar with the matter said...

SAN FRANCISCO, May 03, (THEWILL) – The United Bank for Africa (UBA) Group has revealed its intent of expanding its operations to 25 African countries including those in the North, East, and West Africa with specific attention to the...

SAN FRANCISCO, May 03, (THEWILL) – The Central Bank of Nigeria (CBN) has disclosed that both the manufacturing and non-manufacturing sectors of the economy suffered decline in level of activities during the month of April. This was seen in the...

The European Central Bank has not sought access to the Panama Papers, a massive leak of offshore financial data that became public last month, because tax evasion and money laundering are not part of its mandate, the ECB's chief...

Crude prices fell 2 percent on Monday as data showing higher Middle East oil production and record hedge fund buying sparked profit-taking on last month's outsized rally. Traders also cited a stockpile rise of 821,969 barrels at the Cushing, Oklahoma...

U.S. regulators have agreed to let the Airbus (AIR.PA) A350 fly further on one engine in the event of a breakdown, freeing the new European jet to fly more direct routes over oceans and other deserted places, its manufacturer...