Business

Fiat Chrysler Automobiles (FCAU.N)(FCHA.MI) said on Friday it expects April U.S. auto industry sales to rise 6 percent from a year ago. Fiat Chrysler's U.S. sales rose 6 percent to 189,027 vehicles in April, missing expectations of nine analysts polled...

Oil and natural gas producer Chevron Corp (CVX.N) reported a better-than-expected quarterly profit on Friday as cost cuts and strong refining margins helped offset the impact of lower oil prices CLc1 LCOc1, sending shares up in early trading. The No....

German industrial firm Siemens (SIEGn.DE) plans to keep most of its 13 underperforming businesses for now and will try to sell a handful of "marginal" operations, a source with direct knowledge of the matter told Reuters. Siemens said late last...

The Federal Ministry of Finance says it has paid the sum of N156 billion to oil marketers. This is according to a statement by the Special Adviser to the Coordinating Minister and Minister of Finance, Paul Nwabuikwu, dated Thursday, April...

Royal Dutch Shell is pushing ahead with plans to explore for oil in the Arctic Ocean near Alaska this summer despite opposition from environmental groups. The Anglo-Dutch oil major is preparing "an armada of 25 vessels" to begin a two-year...

Finland's Nokia (NOK1V.HE) reported quarterly profits well below market forecasts at its telecom network equipment business, sending its stock tumbling 9 percent and raising concerns over its planned takeover of smaller rival Alcatel-Lucent (ALUA.PA). With Nokia shares now trading about...

Microsoft Corp is targeting $20 billion in annual revenue from its cloud-computing businesses by the end of fiscal 2018, Chief Executive Satya Nadella said on Wednesday, signaling a tripling of such revenue in three years. The world's largest software company...

It appears the long wait at fuel stations may soon be reversed as the Federal Government says it will be paying petroleum marketers the sum of N156 billion. Minister of Finance, Dr Ngozi Okonjo-Iweala, who spoke with reporters in Abuja,...

MasterCard Inc (MA.N), the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as people spent more using its cards and the company paid lower taxes. MasterCard shares were up about 2 percent...

Barclays (BARC.L) set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it. Barclays said it had now set aside...