Business

Dell In Talks To Buy Data Storage Company EMC

Dell Inc , the world's third largest personal computer maker, is in talks to buy data storage company EMC Corp (EMC.N), a person familiar with the matter said, in what could be one of the biggest technology deals ever. A...

Nigeria Averages N1.5bn In POS Transactions Daily – CBN

BEVERLY HILLS, October 07, (THEWILL) – The Central Bank of Nigeria (CBN) has said that Nigeria averages about N1.5 billion worth of transactions on the Point Of Sales (POS) terminal daily. Mr. Dipo Fatokun, the Director, Banking and Payment System...

JPmorgan Buys More Mortgages From Other Lenders As Market Shrinks

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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...

Rising Oil Powers Broader Market Rally

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...

Vodafone Goes Back To Basics After Failed Liberty Deal

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-Nissan Discuss New Structure To Counter French Control: Nikkei

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...

Nokia’s Bosses To Dominate Leadership Team After Alcatel Deal

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...

NSE Receives Global Recognition For ‘Doing Good’

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...

Samsung Electronics Struggles To Find Fix For Smartphone Woes

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...

Historic Pacific Trade Deal Faces Skeptics In U.S. Congress

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...