Business

Oracle To Buy Utility Software Maker Opower

Oracle Corp (ORCL.N) will buy Opower Inc (OPWR.N), a maker of software for utilities, for about $548 million in cash. The offer of $10.30 per share is at a premium of 30.4 percent to Opower's close on Friday. Oracle said on...

Craig Wright Revealed As Bitcoin Creator Satoshi Nakamoto

Australian entrepreneur Craig Wright has publicly identified himself as Bitcoin creator Satoshi Nakamoto. His admission follows years of speculation about who came up with the original ideas underlying the digital cash system. Mr Wright has provided technical proof to back up...

Nigerian Stock Market Capitalisation Adds N37bn

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SAN FRANCISCO, April 29 (THEWILL) – Trading activities on the Nigerian Stock Exchange (NSE) on Friday ended on a positive note with an upward movement of market capitalisation increasing further by N37 billion. The market capitalisation, which opened at N8.584...

Yen’s Best Week Since 2008 Crisis Hits Stocks And Dollar

The yen hit an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, culminating in a sharp rise on the week that dragged stocks around the world lower. With...

Amazon Profit Crushes Estimates As Cloud-Service Revenue Soars

Amazon.com Inc (AMZN.O) on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results draw...

Mitsubishi Motors Has Cash To Weather Mileage Scandal, But Brand Battered, Again

Mitsubishi Motors' (MMC) (7211.T) market value and Japanese orders have halved since it admitted last week to rigging fuel economy tests, but with more than $4 billion in cash and low debt, the automaker should contain the potential damages. The...

Analysts Grow More Bullish On Oil, OPEC Poses No Threat To Rebalancing

Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in U.S. shale output balance the market by 2017. The inability...

AT&T Exec Says Internet Of Things Is A Top Priority

U.S. telecoms provider AT&T is betting it can carve out a significant business in connecting objects with one another, the head of that unit told Reuters in an interview, as it seeks new revenue sources in an oversaturated wireless...

Yahoo To Add Four Directors To Board In Deal With Starboard

Yahoo Inc (YHOO.O) on Wednesday agreed to add four new independent directors to its board, bowing to pressure from activist hedge fund Starboard Value LP and averting a proxy fight ahead of its upcoming annual meeting. The agreement shows Yahoo's...

FBI Will Not Share Iphone Unlocking Mechanism, Cites Lack Of Ownership

The U.S. Federal Bureau of Investigation said on Wednesday it did not own the rights to the technical method a contractor used to open an Apple iPhone used by one of the San Bernardino shooters and therefore could not...