Business

Dollar Slides To 17-Month Low Vs Yen As Stocks, Oil Fall

The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often...

Panama Papers Probes Opened, China Limits Access To News On Leaks

Authorities across the globe have opened investigations into the activities of the world's rich and powerful after a cache of leaked documents from a Panamanian law firm showed possible wrongdoing using offshore company structures. The "Panama Papers" have cast light...

U.S. Sues Valueact Over Halliburton-Baker Hughes Deal Disclosures

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The U.S. Department of Justice said it had sued activist investor ValueAct Capital for violating pre-merger notification requirements related to oilfield service provider Halliburton Co's (HAL.N) deal to buy rival Baker Hughes Inc (BHI.N). The lawsuit, which says ValueAct used...

Wall Street Opens Lower As Oil Prices Fall

U.S. stocks opened slightly lower as oil prices touched a month-low on Monday as investors expressed scepticism over top exporters reaching an agreement to limit production. The Dow Jones industrial average .DJI was down 18.08 points, or 0.1 percent, at...

Alaska Air To Buy Virgin America For $2.6 Billion

Alaska Air Group Inc (ALK.N) said on Monday that it would buy Virgin America Inc (VA.O) for $2.6 billion to compete more effectively with larger airlines and become the top carrier on the U.S. West Coast. The deal appears to...

NNPC Opens Bids For Co-location Of Refineries

SAN FRANCISCO, March 31, (THEWILL) – The Nigeria National Petroleum Corporation (NNPC) has opened bids for the co-location of refineries. A statement signed by Mr Garba Deen Muhammad, Group General Manager, Group Public Affairs Division, on Thursday in Abuja, said...

GE Capital Asks U.S. Government To Lift ‘Too Big To Fail’ Designation

General Electric Co's (GE.N) GE Capital financing arm on Thursday asked the U.S. government to stop designating it as a "systemically important financial institution," a label given to companies considered "too big to fail." GE Capital Chief Executive Officer Keith...

Impatient With Yahoo, Some Investors Cheer Starboard Effort

Activist hedge fund Starboard Value LP's campaign to replace Yahoo Inc's (YHOO.O) board of directors is being welcomed by some investors who have grown impatient with the faded Internet pioneer's drawn-out process of selling its Web business. Starboard, which owns...

Mcdonald’s To Add More Than 1,500 Outlets In China, HK, Korea

McDonald's Corp (MCD.N) said on Thursday it planned to add more than 1,500 restaurants in China, Hong Kong and South Korea over the next five years as it focuses on high-growth markets to boost sales. The company also said it...

Nigeria-China Trade hits $40.9bn

BEVERLY HILLS, March 29, (THEWILL) – The Chinese ambassador to Nigeria, Gu Xiaojie, has put the volume of trade between Nigeria and China at $40.9 billion. Gu made the disclosure during a visit to the minister of Science and Technology,...