Business

Apple Inc., which has been working secretly on a car, is pushing its team to begin production of an electric vehicle as early as 2020, people with knowledge of the matter said. The timeframe -- automakers typically spend five to...

Brent crude oil prices slipped below $59 a barrel on Thursday after another big weekly build in U.S. crude inventories and a possible rise in Saudi output stoked worries about oversupply. U.S. crude stocks rose by 14.3 million barrels last...

BAE Systems (BAES.L), the world's third-largest defense contractor by revenue, said it believed the worst was over for spending cuts in its key U.S. market as it forecast that earnings would return to growth in 2015. Its profits have been...

Google Inc's YouTube is set to launch its long-awaited paid monthly subscription service called YouTube Music Key in a few months, said Robert Kyncl, the online video service's head of content and business operations, at the Code/Media conference. The beta...

SAN FRANCISCO, February 18, (THEWILL) – The Central Bank of Nigeria (CBN) Wednesday shut with immediate effect two foreign exchange windows; Retail Dutch Auction System (rDAS) and Wholesale Dutch Auction System (wDAS) windows, in order to halt the continued...

Sony Corp (6758.T) aims to boost operating profit 25-fold within three years by growing its camera sensors and PlayStation units, its chief executive said, outlining a strategy that could see the company exit the cut-throat TV and smartphone sectors. CEO...

Geneva's public prosecutor searched the premises of HSBC Holdings PLC (HSBA.L) in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering. "A search is currently underway in the premises of the bank,...

Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Egypt on Monday bombed Islamic State targets in Libya,...

Samsung Electronics Co Ltd aims to use its $56 billion cash pile to fund growth including acquisitions, the tech giant's investor relations chief said, even as more shareholders clamor for bigger dividends. While the South Korean company's profit declined in...

Japan's economy rebounded from recession in the final quarter of last year but growth was weaker than expected as household and corporate spending disappointed, underlining the challenge premier Shinzo Abe faces in shaking off decades of stagnation. The annualized 2.2...