Business

Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone. One fund manager...

Goldman Sachs Group Inc (GS.N) raised the top end of the range for possible legal losses to about $5.9 billion, the bank said in a regulatory filing on Monday. In May, the Wall Street bank estimated $3.8 billion in legal...

Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N) said over the weekend it is recalling about 322,000 Dodge Charger sedans in North America because side air bags can deploy when a car door is slammed. This is the same issue that led to the...

A consortium of German premium carmakers has agreed to buy Nokia's (NOK1V.HE) mapping business HERE for 2.5 billion euros ($2.74 billion), in a push to extend the reach of automakers into digital services for connected cars. The three automaker partners...

Yahoo Inc (YHOO.O) said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings. Yahoo, which did not disclose terms of the deal, said Polyvore will accelerate its 'Mavens' growth...

Nigeria's commercial lenders have stopped accepting cash deposits in dollars, in a move to discourage speculation on the naira currency, two banks said on Friday. "Banks no longer accept dollar cash due to large speculation on the currency," the chief...

SAN FRANCISCO, July 30, (THEWILL) – Standard Chartered Bank, one of Nigeria’s most liberal banks in terms of handling customers’ foreign exchange dealings has told customers it would no longer accept foreign exchange deposits in cash due to an...

The United States Trade and Development Agency (USTDA) Thursday in Lagos announced a grant of $997.4 million dollars as training support for the proposed refinery by the Dangote Group.   The grant was announced at the signing of a Memorandum of...

Time Warner Cable Inc (TWC.N), which is being bought by Charter Communications (CHTR.O), reported lower-than-expected revenue for five quarters in a row as it lost about 45,000 residential video customers. Cable companies have been struggling with declining subscriber numbers as...

Facebook Inc's (FB.O) plans to focus spending on its two messaging services, Instagram and its virtual reality headset business was cheered by Wall Street analysts, who said the efforts would boost long-term growth. Of the 50 brokerages covering the stock,...