Business

Nintendo Co Ltd (7974.T) Chief Executive Satoru Iwata died of cancer on Saturday, months after he led the Japanese video-game maker's belated entry into mobile gaming following years of declining sales. He was 55. The death of the hands-on CEO...

As companies in the benchmark Standard & Poor's 500 begin to release lackluster second quarter results, rich valuations threaten to keep the U.S. stock market spinning in place. At 16.5 times forward estimates, the S&P 500, up less than 2...

U.S. government antitrust regulators are looking into claims about whether Apple's treatment of rival streaming music apps is illegal under antitrust law, according to three industry sources. Apple recently launched a new music streaming service, Apple Music. It also provides...

U.S. Department of Justice prosecutors are investigating former Deutsche Bank AG traders in connection with their participation in the interest rate-rigging scandal and could bring charges this year, Bloomberg reported, citing two people with knowledge of the situation. At least...

PepsiCo Inc (PEP.N) reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years. The company's shares rose...

EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world's No. 2 credit and debit card network. The latest move by the European...

Nigeria’s foreign exchange reserves has risen sharply to $31.89 billion from its previous balance of $29.1 billion, the Governor of the central bank of the oil-rich West African state told the leadership of the Senate on Wednesday. Governor Godwin Emefiele, said...

The Nigerian government has agreed to pay outstanding subsidy-related debt to oil product importers, a trade body spokesman said on Wednesday. "They agreed to pay the remaining balance last week. Nothing has come yet but maybe this or next week....

The dramatic sell-off in China's main stock market has continued despite efforts by regulators to try to stem the losses. The Shanghai Composite index plunged 8% on opening, taking the drop in share values to 30% since their June peak. On...

Microsoft Corp, the world's largest software company, plans to announce a new round of layoffs as early as Wednesday as it tries to cut costs further, the New York Times reported. The latest job cuts are in addition to the...