Business

SAN FRANCISCO, July 21, (THEWILL) – The Tony Elumelu Foundation’s Africapitalism Institute and Durham University Business School, one of the oldest universities in the United Kingdom, Tuesday, co-hosted a day-long academic symposium on the economic philosophy called “Africapitalism” at...

Toshiba's chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years. He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down. On Monday, an...

U.S. stock index futures were little changed on Tuesday ahead of a raft of earnings from technology giants, including Apple, and as the dollar continued to trade at a three-month high. * The dollar index was down marginally at $97.88,...

U.S. fund giant BlackRock Inc (BLK.N) has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world's largest money...

Harley-Davidson Inc. (HOG.N) on Tuesday posted a lower quarterly net profit as the strong U.S. dollar hurt international sales while the company's foreign competitors cut prices. The company beat analysts' expectations by reporting a net income of $299.8 million or...

Verizon Communications Inc reported a better-than-expected rise in quarterly profit as more users signed up for its postpaid wireless services and subscriber defections fell to a three-year low. The biggest U.S. wireless service provider added 1.1 million wireless retail postpaid...

SAN FRANCISCO, July 20, (THEWILL) – In a groundbreaking event that highlighted the final winners of the Bank of Industry’s call for Renewable Energy proposals, Nigeria’s leading renewable energy provider, Arnergy Solar Limited, has secured long-term financing for the...

Morgan Stanley (MS.N) reported a stronger-than-expected second-quarter profit as its bond and equities trading businesses handily outperformed those of its Wall Street rivals. The results capped a robust quarter for big U.S. banks - Goldman Sachs Group Inc (GS.N) excepted...

PayPal Holdings Inc (PYPL.O) shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion. PayPal, spun off from eBay Inc (EBAY.O), is widely expected to build partnerships...

Nigeria’s Consul General in South Africa, Ambassador Uche Ajulu-Okeke, Sunday that the Central Bank of Nigeria has approved a centre to conduct biometric verification for Nigerians in South Africa. Ajulu-Okeke told the News Agency of Nigeria (NAN) in Johannesburg that...