Business

SAN FRANCISCO, June 11, (THEWILL) – Prices of tomatoes, pepper and chilli pepper on Thursday soared by over 100 per cent in most markets in Lagos, according to a survey by the News Agency of Nigeria (NAN). The survey showed...

The European Commission opened a formal antitrust investigation into Amazon's e-book business on Thursday, opening yet another front in mounting EU scrutiny of America's global tech giants. The investigation adds to the pressure on the online retailer in Europe, where...

New York law enforcement officials have written to eBay Inc (EBAY.O) and PayPal Inc this week, saying the companies' revised user policies "raise issues" under consumer protection laws, the New York Times reported. The updated user agreements would allow the...

U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. While other data on...

U.S. chipmaker Qualcomm Inc (QCOM.O) said it has appointed old-hand Frank Meng as its chairman for China, a market which accounts for half of the company's overall revenues but where it has hit rough patches in recent times. Qualcomm also...

Emirates airline sees an opportunity to increase direct flights from Europe to cities other than its Dubai hub, but its chief executive said he is concerned about harming struggling European carriers. Emirates also is actively considering a large purchase...

SAN FRANCISCO, June 10, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has failed to remit $11.6bn in dividends, loan and interest repayments earned through exports from the Bonny LNG plant, an audit conducted by the Nigerian Extractive Industry...

Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company...

The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations. The attorneys general want to know whether music labels colluded or were pressured into favoring Apple's...

Target Corp (TGT.N) said it would double its share buyback program to $10 billion and boost its quarterly dividend by 7.7 percent, confirming the contents of a statement it published inadvertently and took off its website earlier on Tuesday. The...