Business

JPMorgan Chase & Co, looking to stem falling revenue in its mortgage business as fewer Americans refinance, is increasingly buying loans from smaller lenders, a practice that competitors including Bank of America view as risky. In the first half of...

A recovery in oil prices spread to stock markets and emerging market currencies on Wednesday, with the prospect of more support from the world's central banks offsetting more disappointing economic data. After a dismal summer, which saw the worst quarter...

With a $120 billion merger with Liberty Global (LBTYA.O) off the table, Vodafone (VOD.L) boss Vittorio Colao needs his strategy of higher network investments and acquisitions of European cable companies to start paying off, quickly. The world's second-largest mobile operator...

Renault SA (RENA.PA) and Nissan Motor Co (7201.T) have entered discussions to reorganize their capital alliance structure in a bid to water down Paris's control of the French automaker, the Nikkei business daily reported on Wednesday. The paper said a...

Finnish network equipment maker Nokia said on Wednesday its executives would dominate the new leadership team once it completes its proposed acquisition of Alcatel-Lucent. Chief Financial Officer Timo Ihamuotila will stay in his job and altogether 10 out of a...

SAN FRANCISCO, October 06, (THEWILL) – The Nigerian Stock Exchange’s efforts at promoting corporate social responsibility and sustainability received boost recently when the bourse was honoured with the Best Corporate Social Responsibility Company Award in New York, United States...

More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd (005930.KS) has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience. The...

Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact...

Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc (RDSa.L) said on Tuesday. "I see the first mixed signs for recovery of oil...

The 500 largest American companies hold more than $2.1 trillion in accumulated profits offshore to avoid U.S. taxes and would collectively owe an estimated $620 billion in U.S. taxes if they repatriated the funds, according to a study released...