Business

Virgin America Inc (VA.O), a low-cost airline partly owned by Richard Branson, reported a 76 percent jump in quarterly profit, helped by higher U.S. travel and lower fuel costs. The company's net income rose to $65 million in the second...

The Nigerian National Petroleum Corporation (NNPC) says the Port Harcourt and Warri refineries have commenced preliminary production of petroleum products after successful test-runs. The Group General Manager, Group Public Affairs Division of NNPC, Mr. Ohi Alegbe, in a statement on...

The Dow Jones industrial average and the S&P 500 were slightly higher on Wednesday while the Nasdaq composite edged lower, as investors assessed earning ahead of a statement from the U.S. Federal Reserve that could give clues regarding the...

Credit and debit card issuer MasterCard Inc (MA.N) reported lower-than-expected quarterly revenue as the company offered more rebates and incentives to win new and renewed deals. Shares of MasterCard, which operates the world's second largest payment network, fell about 3...

Twitter Inc (TWTR.N) interim CEO Jack Dorsey's criticism of the company's efforts to woo new users may just be the first step to address its long-standing problems. But being frank is not enough. To generate long-term earnings growth and satisfy investors,...

SAN FRANCISCO, July 28, (THEWILL) – An impressive collection of organizations have come together to answer President Barack Obama's call at the Global Entrepreneurship Summit in Nairobi, Kenya, to advance entrepreneurship and economic growth around the world. Representatives of the...

Ford Motor Co on Tuesday reported second-quarter earnings that handily beat expectations, based on the continued strength of North American sales, led by its popular F-150 pickup truck. Ford posted net quarterly profit of $1.89 billion, or 47 cents per...

Pfizer Inc on Tuesday reported better-than-expected second-quarter profit and revenue, helped by strong demand for its pneumonia vaccine and new breast cancer drug, sending its shares up 1 percent. The largest U.S. drugmaker, which raised its full-year earnings forecast, said...

Honeywell International Inc (HON.N), a maker of aircraft parts and climate control systems, has agreed to buy the utility consumption meter business of Britain's Melrose Industries Plc (MRON.L) for 3.3 billion pounds ($5.1 billion). The acquisition, Honeywell's largest in more...

BP's (BP.L) second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico. Expecting...