Business

Apple Inc said it promoted Apple Watch project head Jeff Williams to the role of chief operating officer, filling a position that had been vacant since Tim Cook took over as chief executive in 2011. Williams, who until recently was...

Nigeria, aiming to boost its crude output, is still grappling with decrepit refineries that fail to produce fuel, which it has to import, the head of state oil firm the Nigerian National Petroleum Corporation (NNPC) said on Thursday. Oil production...

Oil prices fell as much as 2 percent on Thursday, with Brent trading not far from 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut. Market...

BEVERLY HILLS, December 17, (THEWILL) – The Central Bank of Nigeria (CBN) will cancel the weekly sale of foreign exchange to Bureau De Change dealers anytime from now, two sources familiar with the development at the apex bank have...

Electronic payment company PayPal Holdings Inc said on Thursday it will increase its paid maternity and sick leave programs and offer time off for U.S. employees to volunteer and care for ill family members. Beginning Jan. 1, expectant mothers will...

The Federal Reserve is raising interest rates after seven years of record lows. But it's signaling that further rate hikes will likely be made slowly as the economy strengthens further and muted inflation rises. The Fed's move to lift its...

Democrats on a U.S. House of Representatives panel are planning to call Valeant Pharmaceuticals (VRX.TO) Chief Executive Michael Pearson to testify in early 2016 about steep price hikes for some of the company's drugs, a Democratic aide said. The hearing...

China's annual economic growth is likely to slow to 6.8 percent next year from an expected 6.9 percent this year, the People's Bank of China said in a working paper published on Wednesday. The world's second-largest economy still faces downward...

Oil fell on Wednesday on fresh evidence of growing global oversupply and as investors awaited the outcome of a U.S. Federal Reserve meeting where interest rates are likely to be raised, boosting the dollar and pressuring commodities. Brent was down...

Judged by how long it has been going on, the current U.S. economic expansion should be on its last legs, but the mood in this rebounding heartland auto town would not show it. Fiat Chrysler Automobiles (FCAU.N) (FCHA.MI) has doubled...