Business

Lenovo Group Ltd (0992.HK), the world's biggest PC maker by sales, said on Thursday its annual net profit rose one percent to $829 million, slightly below analyst expectations, as it completed two major acquisitions during that year. The Beijing-based firm...

McDonald's Corp (MCD.N) shareholders will vote Thursday on a proposal that would make it easier to nominate directors to the board of the fast-food chain, which is in turnaround mode after losing customers and sales to competition and after...

Outgoing Nigerian President Goodluck Jonathan has approved the 4.5 trillion naira ($22.6 billion) budget for 2015, which was passed by parliament in late April, the president's spokesman said on Wednesday. The budget is 3.2 percent smaller than last year's as...

UBS (UBSG.VX) will pay $545 million to U.S. authorities to end an investigation into alleged manipulation of currency rates, a settlement that will help the Swiss bank to move on after a series of trading scandals. The amount was lower...

Thousands of McDonald's workers seeking a minimum wage of $15 per hour and the right to unionize are expected to swarm the fast-food giant's headquarters for two days of protests that will coincide with the fast-food chain's annual meeting...

Yahoo Inc (YHOO.O) shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo's planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N). The change - discussed by a U.S....

German software company SAP's chief executive once again ruled out any move to acquire Salesforce.com, then went further by saying that its richly valued rival is unlikely to be acquired by any other player in the industry. Microsoft, Oracle, IBM...

BEVERLY HILLS, May 19, (THEWILL) – Indigenes of the host communities to the Dangote Cement Plc, in Ibese, Yewa and Ewekoro in Ogun State are in for better times as the cement company has announced the inauguration of some 19...

May 19 Nigeria's foreign exchange reserves rose marginally by 1.05 percent month-on-month to $29.80 billion by May 15 from $29.49 billion a month earlier, data from the central bank showed on Tuesday. The forex reserves of Africa's biggest economy and...

SAN FRANCISCO, May 18, (THEWILL) - Employees of the Nigerian Petroleum Development Company (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), have been directed to shutdown indefinitely their locations and all oil production facilities nationwide in a...