Business

Yahoo Inc said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement...

Merck & Co Inc (MRK.N) reported lower-than-expected quarterly revenue, hurt by a drop in sales of its diabetes and arthritis drugs, and a strong dollar. The company said sales of its diabetes drug, Januvia, fell 12 percent to $1.45 billion...

SAN FRANCISCO, February 02, (THEWILL) – Guinness Nigeria Plc has appointed Omobola Johnson, former Minister of Communication Technology, as a non-executive director of the company. An experienced ICT policy professional, Johnson brings to the board over 30 years of experience...

Dow Chemical Co (DOW.N) reported a better-than-expected quarterly profit as its move to focus on more profitable businesses such as packaging and electronics by divesting low-margin assets pays off. Shares of the company, which is merging with DuPont (DD.N), were...

Exxon Mobil Corp (XOM.N) on Tuesday reported a 58 percent drop in quarterly profit and said it would cut spending this year by one-quarter as the world's largest publicly traded oil company copes with a prolonged downturn in crude...

SAN FRANCISCO, February 02, (THEWILL) – South Africa’s Johannesburg Stock Exchange (JSE) led African exchanges in Initial Public Offerings (IPO) transactions and capital raised in the past five years, amounting to $2.7 billion. This was revealed by PricewaterhouseCoopers (PwC) in...

SAN FRANCISCO, February 01, (THEWILL) – Bureau De Change (BDC) operators have opted out of business following the stoppage of supply of foreign exchange (FX) to them by the Central Bank of Nigeria (CBN). Consequently, the nation’s currency, the naira...

Rolls-Royce has announced a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for the airline, Norwegian. It will provide its Trent 1000 engines for 19 new Dreamliners. Today's deal is some welcome positive news for Rolls-Royce, which has...

Barclays and Credit Suisse have been fined a total of $154m (£108m) by US regulators for their US "dark pool" trading operations. "Dark pool" operations allow investors to trade large blocks of shares but keep the prices private. Barclays has admitted...

U.S. stocks were set to open lower on Monday, starting February on a dour note as weak economic data out of China exacerbated concerns about a global slowdown and oil prices resumed their downward spiral. The data from China showed...