Business

Whirlpool Revised 2015 Outlook Boosts Shares As Quarterly Profit Rises

Shares of Whirlpool Corp (WHR.N) rose in pre-market trading on Friday after the appliance maker revised its expectations for 2015 earnings per share but posted higher-than-expected third quarter earnings. The revised guidance was "undoubtedly" better than expected, Robert Wetenhall, an...

General Motors’ Opel Denies Violating EU Emissions Standards

General Motors' (GM.N) Opel division has denied violating European environmental standards after researchers claimed to have found excessive nitric oxide emissions for the carmaker's Zafira model. Germany's environmental lobby group DUH said on Friday that emissions of Opel's Zafira 1.6...

91 Firms Jostle For NNPC Contract For Coastal Bunkering Service

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BEVERLY HILLS, October 23, (THEWILL) –Nigerian National Petroleum Corporation (NNPC) has began the public opening of technical bids submitted by 91 companies to secure contract for the provision of Coastal and Bunkering Vessel Services. A statement by NNPC’s Group General...

Dangote Petrochemicals Refinery To Start Operations 2018

BEVERLY HILLS, October 23, (THEWILL) – Dangote Petrochemicals and Fertiliser Plant, Thursday, assured Nigerians that its 650,000 barrels Per Day (bpd) capacity petroleum refinery would come on stream by 2018. Senior General Manager, Civil and Structural, Dangote Petrochemicals Ltd, a...

Trucks, China Drive GM Profit To Beat Street In Third Quarter

General Motors Co (GM.N) reported record quarterly earnings before charges for the third quarter, as strong demand for trucks in North America and improved profit margins in China overcame declining revenues. GM shares rose about 4.5 percent to $35 in...

Coca-Cola Warns Of Bigger Hit On Revenue From Strong Dollar

Coca-Cola Co (KO.N) reported a bigger-than-expected drop in quarterly sales due to a strong dollar and the company said it expected the currency to hurt its full-year revenue more than previously anticipated. The cola maker, which gets more than half...

Western Digital To Buy Sandisk In $19 Billion Deal

Hard-disk drive maker Western Digital Corp (WDC.O) said it would buy SanDisk Corp (SNDK.O) for about $19 billion, giving it better access to flash memory storage chips used in smartphones and mobile devices. SanDisk's shares rose to $78.76 in premarket...

Credit Suisse To Raise $6 Billion As New Chief Revamps Strategy

Credit Suisse (CSGN.VX) has set out plans to raise 6 billion Swiss francs ($6.3 billion) from investors, slim down its investment bank and cut jobs as new chief Tidjane Thiam detailed the biggest overhaul in almost a decade at...

Sony To Pay Up To $8 Million In Hacking Lawsuit

Sony Pictures Entertainment Inc has agreed pay up to nearly $8 million to resolve a lawsuit by employees who claimed their personal data was stolen in a 2014 hacking tied to the studio's release of a comedy set in...

Morgan Stanley Quarterly Profit Drops 42 Percent, Shares Plunge

Wall Street bank Morgan Stanley (MS.N) reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big U.S. banks after investors fled the bond, currency and commodity markets. Morgan Stanley's profit slumped for...