Business

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...

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...

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 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...

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,...

The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle...

Wall Street was mixed on Monday as weaker-than-expected U.S. economic data reduced concerns about potential interest rate hikes and a dip in oil prices pushed down energy shares. U.S. consumer spending barely rose in February and inflation retreated, suggesting the...

U.S. budget airline carrier Virgin America Inc (VA.O) has received acquisition interest from several companies, including JetBlue Airways Corp (JBLU.O) and Alaska Air Group Inc (ALK.N), a person familiar with the matter said on Monday. Asian airline companies have also...

Japan's NTT Data Corp said on Monday it has agreed to buy Dell Inc's information technology consulting division for over $3 billion to expand in North America and bolster its services business. The move will allow U.S. computer maker Dell...

Cosmetics maker Avon Products Inc (AVP.N) said it had agreed to give activist investor Barington Capital Group LP the right to approve the appointment of an independent director to the company's board, avoiding a proxy fight. The nominee would have...