Business

Hewlett-Packard Co (HPQ.N) reported a drop in revenue for the fourth straight quarter, hurt by weak PC sales and lower demand from corporates for its services. Shares of the world's No. 2 PC maker, which also forecast full-year adjusted profit...

… Emerges as first Nigerian Bank to fully implement all ISO certifications BEVERLY HILLS, August 20, (THEWILL) – Foremost African financial institution; Guaranty Trust Bank plc has been awarded a triple International Organization for Standardization certification: ISO/IEC 27001- for Information...

The new head of Nigeria's state oil company said on Thursday the country's fuel subsidy was an unsustainable drain on the economy, calling for deregulation of the oil and gas sector. "Subsidy creates distortions in government revenue distribution," Nigerian National...

Canada's Valeant Pharmaceuticals International Inc (VRX.TO) said it would buy privately owned Sprout Pharmaceuticals, whose drug became the first approved treatment this week for low sexual desire in women, for about $1 billion plus milestone payments. Valeant will pay $500...

The Central Bank of Nigeria (CBN) said it has finalised the guidelines for Nigerians in the Diaspora to enroll for the Bank Verification Number (BVN). The bank in a statement by Mr. Dipo Fatokun, the Director, Banking and Payment System...

Applications for U.S. home mortgages rose last week as refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose...

Wal-Mart Stores Inc (WMT.N) reported weaker-than-expected quarterly earnings and lowered its full-year forecast on Tuesday, citing investments in staffing and weaker margins in its U.S. pharmacy business. Shares of the world's largest retailer fell 3.1 percent to $69.70 in heavy...

Brazil's Petrobras may need to pay record penalties of $1.6 billion or more to settle U.S. criminal and civil probes into its role in a corruption scandal, a person recently briefed by the company's legal advisors told Reuters. State-run Petroleo...

A 6 percent fall in Chinese shares on Tuesday hit Asian stocks and left European equities struggling for gains while emerging market currencies and oil prices touched multi-year lows. A broad measure of Asian stocks fell to its lowest in...

BEVERLY HILLS, August 17, (THEWILL) – President Muhammadu Buhari said Monday in Abuja that he will gladly reverse or abandon some inherited economic policies if doing so will lead to the creation of more jobs for Nigerians. At a meeting...