Business

German carmaker BMW (BMWG.DE) said it will focus on electric vehicles and automated driving and develop its software and technology services as part of a new strategy for the 100-year-old carmaker. The emergence of rivals including ride-sharing company Uber ...

Volkswagen's (VOWG_p.DE) Financial Services AG said on Tuesday it took an extraordinary writedown of 353 million euros ($391 million) to cover a potential decline in the residual value of cars in the wake of the diesel emissions cheating scandal. "We...

Ratings agency Moody's Investors Services said Tuesday a proposal by U.S. communications regulators to impose privacy restrictions on broadband providers like Verizon Communications Inc (VZ.N), AT&T Inc (T.N), Comcast Corp (CMCSA.O) and Charter Communications Inc (CHTR.O) is "credit negative." Tom...

Nigeria's state oil company withheld 3.2 trillion naira ($16 billion) in revenues from the federal government in 2014, the auditor-general said on Monday, the same year that the central bank governor was suspended after making a similar assessment. Constitutionally, the...

Wall Street was little changed on Monday as losses in energy shares were offset by gains in consumer discretionary stocks and investors paused ahead of the U.S. Federal Reserve's meeting on monetary policy this week. U.S. crude prices fell more...

Global oil prices fell as much as 4 percent on Monday on concerns a six-week market recovery has gone beyond fundamentals, as U.S. crude stockpiles continue to mount and Iran maintains little interest in a global production freeze. Market intelligence...

Raj Mahajan achieved a rare feat when he rejoined Goldman Sachs Group Inc (GS.N) last year with the coveted title of partner, the Wall Street bank's highest rank. Then he got to work on fixing the pipes. That plumbing has...

The Securities and Exchange Commission on Monday approved the budget for the auditing watchdog that oversees the work of leading U.S. accounting firms. The SEC staff recommended approving the budget of the Public Company Accounting Oversight Board (PCAOB) and SEC...

BEVERLY HILLS, March 13, (THEWILL) – The pressure on the naira is expected to reduce and stability maintained at the foreign exchange (FX) market this week as a result of noticeable improvement in the foreign reserve and crude oil...

At least three major U.S. companies, AT&T Inc (T.N), Starwood Hotels & Resorts Worldwide Inc (HOT.N) and Marriott International Inc (MAR.O), are seeking to complete deals in Cuba as President Barack Obama prepares to visit Havana, a person familiar...