Business

BEVERLY HILLS, July 15, (THEWILL) – Transnational Corporation of Nigeria Plc (Transcorp) announced Wednesday that its agribusiness subsidiary, Teragro Commodities Limited, has acquired and installed extraction cup technology, instantly enabling the company to deliver superior quality juice concentrate that...

Bank of America Corp (BAC.N), the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis. BofA's legal...

U.S. stock index futures were little changed on Wednesday as investors await Federal Reserve Chair Janet Yellen's comments on raising interest rates and the outcome of a Greek parliament vote on the terms of a third bailout. * Bank of...

Greece will need debt relief far beyond what euro zone partners have been prepared to consider due to the devastation of its economy and banks in the last two weeks, a confidential study by the International Monetary Fund seen...

Package delivery company FedEx Corp (FDX.N) is in talks to buy at least 25 more 767 freighters from Boeing Co (BA.N) for about $5 billion, Bloomberg reported, citing people familiar with the matter. Fedex's directors discussed the deal at a...

Apple introduced mobile payments in Britain on Tuesday, hoping to make a splash with consumers familiar with using cards for tap-and-go purchases, as resistance from hold-out banks and stores appeared to evaporate. Starting Tuesday, Apple Pay is set to be...

JPMorgan Chase & Co (JPM.N), the biggest U.S. bank by assets, reported a stronger-than-expected rise in quarterly profit as legal and restructuring expenses declined. Net income attributable to the bank's common shareholders rose to $5.78 billion, or $1.54 per share...

China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for U.S. memory chip maker Micron Technology Inc (MU.O), in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said. The technology...

SAN FRANCISCO, July 13, (THEWILL) – President Muhammadu Buhari Monday said most of the recommendations to his administration to remove the controversial subsidy on petroleum products have “no depth” emphasizing that he would rather have accountability and transparency in...

Euro zone leaders made Greece surrender much of its sovereignty to outside supervision on Monday in return for agreeing to talks on an 86 billion euros bailout to keep the near-bankrupt country in the single currency. The terms imposed by...