Business

Germany's Audi (VOWG_p.DE) and BMW (BMWG.DE) sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles (SUV). Volkswagen's flagship division Audi and BMW, the...

SAN FRANCISCO, February 09, (THEWILL) – The naira on Tuesday exchanged at N312 against the dollar following shortage of the greenback. Consequently, naira depreciated in value against the dollar by N4.50k or 1.46 percent at the parallel market and lost...

Coca-Cola Co (KO.N) reported a better-than-expected quarterly profit, helped mainly by aggressive cost-cutting. Coca-Cola is also trying to boost sales by raising prices and diversifying into beverages such as cold-pressed juices and energy drinks. Net operating revenue fell 8 percent, the...

Google Chief Executive Sundar Pichai received restricted stock worth about $199 million, according to a regulatory filing by Google parent company Alphabet Inc (GOOGL.O) (GOOG.O). Pichai, who took over in August, received a grant for 273,328 Class C Google stock...

SAN FRANCISCO, February 08, (THEWILL) – MTN Nigeria has confirmed that it has been served with court summons based on a lawsuit filed by Etisalat Nigeria over the acquisition of Visafone. According to MTN executive, Amina Oyagbola, “Etisalat has filed...

India introduced rules on Monday to prevent Internet service providers from having different pricing policies for accessing different parts of the Web, in a setback to Facebook Inc's plan to roll out a pared-back free Internet service to the...

Verizon Communications Inc (VZ.N) has given Tim Armstrong, chief executive officer of its AOL unit, a leading role in exploring a possible bid for Yahoo Inc's (YHOO.O) assets, Bloomberg reported, citing a person with knowledge of the situation. Verizon, the...

Credit Suisse (CSGN.VX) Chief Executive Officer Tidjane Thiam has asked the bank's board to cut his 2015 bonus by between 25 percent and 50 percent, the Financial Times reported on Monday, after the bank posted a 2.94 billion Swiss...

SAN FRANCISCO, February 07, (THEWILL) – Etisalat Nigeria has brought a legal action against MTN Nigeria and Visafone Limited, challenging MTN’s use of the 800MHZ spectrum following the acquisition of Visafone. According to a statement released by Etisalat, “the action...

The vast troves of consumer data held by big Internet companies should be scrutinized in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. "Until now, markets in which...