Business

Publishing group Pearson has announced it is in "advanced discussions" with an unnamed party over the sale of its Financial Times newspaper group. The company said it had "noted recent press speculation" surrounding the possible sale of the FT, but...

U.S. stock index futures pointed higher on Thursday after two days of losses as investors awaited a raft of earnings results and weekly jobless numbers. * The number of Americans filing new applications for unemployment benefits is expected to have slightly...

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday. The investment will help...

SAN FRANCISCO, July 21, (THEWILL) – The Tony Elumelu Foundation’s Africapitalism Institute and Durham University Business School, one of the oldest universities in the United Kingdom, Tuesday, co-hosted a day-long academic symposium on the economic philosophy called “Africapitalism” at...

Toshiba's chief executive and president Hisao Tanaka has resigned after the company said it had overstated its profits for the past six years. He will be succeeded by chairman Masashi Muromachi, with vice-chairman Norio Sasaki also stepping down. On Monday, an...

U.S. stock index futures were little changed on Tuesday ahead of a raft of earnings from technology giants, including Apple, and as the dollar continued to trade at a three-month high. * The dollar index was down marginally at $97.88,...

U.S. fund giant BlackRock Inc (BLK.N) has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world's largest money...

Harley-Davidson Inc. (HOG.N) on Tuesday posted a lower quarterly net profit as the strong U.S. dollar hurt international sales while the company's foreign competitors cut prices. The company beat analysts' expectations by reporting a net income of $299.8 million or...

Verizon Communications Inc reported a better-than-expected rise in quarterly profit as more users signed up for its postpaid wireless services and subscriber defections fell to a three-year low. The biggest U.S. wireless service provider added 1.1 million wireless retail postpaid...

SAN FRANCISCO, July 20, (THEWILL) – In a groundbreaking event that highlighted the final winners of the Bank of Industry’s call for Renewable Energy proposals, Nigeria’s leading renewable energy provider, Arnergy Solar Limited, has secured long-term financing for the...