Business

Canada's Bombardier (BBDb.TO) is set to book a writedown on its CSeries program and announce that the government of Quebec will be investing in the narrowbody jet program, according to several sources familiar with the matter. The embattled Montreal-based company...

BEVERLY HILLS, October 28, (THEWILL) – The Nigerian National Corporation (NNPC) said it has 26 crude oil grades to offer for sale to companies that would eventually win the bidding contracts for the sale of Nigeria oil grades. The corporation...

Drugstore chain Walgreens to buy Rite Aid for $9.41 billion creating drugstore giant Walgreens is buying rival Rite Aid for about $9.41 billion in cash, creating a drugstore giant with nearly 18,000 stores around the world. The deal combines the largest...

SAN FRANCISCO, October 27, (THEWILL) – The World Bank has ranked Nigeria 169 out of 189 countries in its latest report on the ease of doing business globally. A statement issued in Abuja on Tuesday by the Head of Communications,...

Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) reported a 32 percent rise in second-quarter revenue, beating analyst estimates, even as the value of goods transacted on its platforms grew at a slower pace. Revenue rose to 22.17 billion yuan...

U.S. drugmaker Pfizer Inc (PFE.N) reported a much better-than-expected quarterly profit, mainly helped by demand for its pneumonia vaccine and breast cancer drug, Ibrance. The company also raised its full-year profit and revenue forecast for the second time in as...

Package delivery company United Parcel Service Inc (UPS.N) posted a higher quarterly profit on Tuesday, despite its revenue being hurt by the strong U.S. dollar, and reiterated its full-year earnings outlook. The Atlanta-based company said that without the impact of...

Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and checking warehouse inventories, a sign it plans to go head-to-head with Amazon in using drones to fill and deliver online...

Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S. inventory data expected to show another increase in crude stocks. Brent for December delivery had fallen 30 cents to $47.24...

U.S. stock index futures were slightly lower on Monday as investor optimism about central bank easing faded ahead of a Federal Reserve policy meeting this week. * The Fed, which meets on Oct. 27-28, is scheduled to issue a statement...