Business

SAN FRANCISCO, July 18, (THEWILL) – Integrated Logistics Limited Company (Intels) has fully paid up its contribution of one billion Naira (N1,000,000,000), being part of the three billion Naira (N3,000,000,000) needed for the repair of the collapsed six kilometre...

A panel investigating an accounting scandal at Toshiba Corp has found that top executives were involved in improper practices, confirming the institutional nature of the abuses, a person directly involved in the investigation said on Friday. Improper accounting, extended across...

Deutsche Bank has disputed allegations by Germany's financial watchdog, sources close to the lender said, in its official response to a preliminary report into interest rate manipulation which threatens sanctions against the bank and individuals. The watchdog, Bafin, issued scathing...

Google boosts Nasdaq futures; Dow, S&P flatNasdaq stock futures rose on Friday after strong results from Google (GOOGL.O) overnight, while the S&P and Dow futures were little changed ahead of a raft of economic data that could give clues...

The dollar headed for its biggest weekly rise since May on Friday as economic data reinforced expectations of a U.S. interest rate hike this year. European shares steadied on the view that Greece will secure a bailout. The dollar hovered...

The National Industrial Court of Nigeria in Abuja Thursday ordered Mainstreet Bank Limited to pay an ex-employee, Mr Jonah Ode, N68. 96m as cumulative entitlement since 2011 after his sack. Justice Peter Lifu who gave the order, also declared his...

The United States is set to remove Cuba from the bottom tier on its list of worst human trafficking centers, U.S. sources said, in what will be another step in the historic rapprochement between the former Cold War foes. The...

E-commerce company eBay Inc (EBAY.O) reported a 7 percent jump in net revenue, boosted by higher demand in the PayPal Holdings Inc (PYPLV.O) payments business it plans to spin off on Friday. The company also announced an additional $1 billion...

Wall Street rose sharply on Thursday, with the Nasdaq composite touching a three-week high, as bellwether companies such as Citigroup (C.N), eBay (EBAY.O) and Netflix (NFLX.O) reported strong results. Netflix rose as much as 16.6 percent to a record high...

Citigroup Inc, the third biggest U.S. bank by assets, reported its highest quarterly profit since the financial crisis as Chief Executive Michael Corbat's restructuring and cost-cutting efforts paid off and the bank's legal expenses plunged. Under Corbat, who replaced Vikram...