Business

The average price for a basket of crudes from OPEC producers fell to $25 a barrel on Thursday, the group said, even before unrestrained exports from Iran hit the market. Benchmark global oil prices took a fresh hit on Friday...

Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets more than made up for weak revenue from its core business. Chief Executive Michael Corbat has...

Wal-Mart Stores Inc said on Friday that it was pulling the plug on its smallest store format, Walmart Express, and closing 269 locations globally, including 154 in the United States, in a restructuring that will affect 16,000 workers. Wal-Mart, the...

General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes weeks...

JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a better-than-expected quarterly profit for the final quarter of the year as a tight lid on expenses and a smaller legal bill made up for sluggish revenue growth. Shares...

French carmaker Renault said fraud investigators had inspected three of its in an emissions probe, news that wiped billions off its market value in an echo of the scandal engulfing German rival Volkswagen. Renault said investigations to date had found...

Drugmaker Pfizer Inc (PFE.N) is thinking about selling hospital products maker Hospira's infusion pump business for about $2 billion, Bloomberg reported, citing people familiar with the matter. Talks are said to be at an early stage, Bloomberg reported on Wednesday....

The ambitious but little-watched Al Jazeera America news channel will shut down on April 30 after a little more than two years on television. The news was announced at a sudden staff-wide meeting on Wednesday afternoon. As many as 700...

SAN FRANCISCO, January 13, (THEWILL) – The naira on Wednesday depreciated in value against other currencies across segments of foreign exchange (FX) market after the Central Bank of Nigeria (CBN) stopped FX supply to Bureau De Change (BDC) operators. Consequently,...

Star dealmaker and former Citigroup Inc executive Michael Klein, the lead adviser to Dow Chemical Co on its $130 billion merger with DuPont, has quietly tripled the size of his advisory firm in the last 18 months. His New York-based...