Business

Exclusive: In ‘Year Of Apple Pay’, Many Top Retailers Remain Skeptical

In a January earnings call with investors, Apple Inc (AAPL.O) Chief Executive Tim Cook made a confident prediction: "2015 will be the year of Apple Pay," he said. Since then, the company has aggressively courted retailers - and claimed significant...

Amazon, Google Race To Get Your DNA Into The Cloud

Amazon.com Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth $1 billion a...

Nigeria Retains OPEC Presidency Despite Deziani’s Exit As Petroleum Minister

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SAN FRANCISCO, June 04, (THEWILL) – The Presidency of the Organisation of Petroleum Exporting Countries (OPEC) is still under Nigeria’s control despite the exit of its Petroleum Resources Minister, Mrs. Deziani Alison-Madueke, an official of the Nigerian National Petroleum...

Nigeria: Shortage To Linger As Importers Shun Fuel Imports Despite Subsidy Payment Deal

BEVERLY HILLS, June 04, (THEWILL) –The shortage of petroleum products in Nigeria is not abating anytime soon because imports of the products into Nigeria are very low despite a deal between marketers and the federal government under former president,...

Bond Market Sell-Off Rumbles On, Stocks Feel The Pinch

A persistent sell-off in bond markets left financial market confidence in short supply on Thursday, with stocks lower globally and not even traditional safe havens like gold and the Swiss franc providing much of a refuge German 10-year Bund yields...

Dish In Talks To Merge With T-Mobile: WSJ

Dish Network Corp (DISH.O) is in talks to merge with T-Mobile US Inc (TMUS.N), in a deal that would combine the second-largest satellite TV operator in the United States with the fourth-largest wireless carrier, the Wall Street Journal reported. The...

Mazda Recalls 75,000 Cars In Japan After Takata Expands U.S. Recall

Mazda Motor Corp (7261.T) on Thursday filed a recall for 75,000 cars in Japan to replace air bag inflators made by Takata Corp (7312.T) after the Japanese supplier was ordered to expand a multi-million-vehicle recall in the United States. Of...

Mutual Funds Chase Head Start On Hit Ipos With Pre-Public Investing

U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts. Fast-growing private companies such as Uber Technologies, Pinterest and...

OPEC Moots $80 As New ‘Fair’ Oil Price – But Will It Stick?

Nearly a year after oil markets entered a deep downward spiral, unmoored from the $100-a-barrel mark that had anchored them for years, some OPEC members are publicly talking for the first time about a new "fair" price for their...

Increase Local Refining Capacity Before Deregulation, PENGASSAN Tells Buhari

BEVERLY HILLS, June 03, (THEWILL) – The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has called on President Muhamadu Buhari to increase local refining capacity before embarking on any deregulation process. The oil workers’ union gave the...