Business

Futures Dip After Three Days Of Gains; Eyes On Earnings

U.S. stock index futures pulled back after three straight days of gains, as the corporate earnings season was poised to kick into high gear with a slew of reports this week. * Big banks, including JPMorgan Chase (JPM.N) and Bank...

Volkswagen In Full-Blown Crisis As CEO Vows To Fight: Sources

Volkswagen (VOWG_p.DE) has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO. Ferdinand Piech,...

BID Honours DFC Holdings Limited For Quality, Outstanding Achievements

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SAN FRANCISCO, April 10, (THEWILL)  – In recognition of its outstanding achievements, quality products and services, DFC Holdings Limited has been bestowed with the Century International Quality ERA award, Gold Category by Business Initiative Directions (BID). The award is given...

Ghana Oil Refinery Breakdown A Symbol Of Economic Woes

When it opened in 1963, Ghana's oil refinery symbolized pride and hope for the first African country to escape colonial rule. Now the plant stands idle in a sign of the economic shadow that has crept over one of...

Oil Rises Towards $58, Heads For Weekly Gain As Iran Supports

Oil rose towards $58 a barrel on Friday, heading for a weekly gain, supported by an easing of concerns that the interim accord over Iran's nuclear work will lead to a rapid rise in Iranian oil supplies. Evidence this week...

GE To Sell Real Estate Holdings, Sets $50 Billion Share Buyback

General Electric Co said it plans to sell the bulk of its $30 billion real estate portfolio over the next two years as it returns to its industrial roots, and has set a share buyback plan of up to...

Strong Turnout As Shoppers Get To Try Apple Watch

Consumers flocked to Apple Inc's (AAPL.O) stores around the world on Friday to get the first close-up look at the tech giant's smartwatch, which the company expects will be its next runaway hit. The Apple Watch, CEO Tim Cook's first...

Alibaba Forms Automotive, ‘Smart Living’ Business Units

China's Alibaba Group Holding Ltd (BABA.N), the world's biggest e-commerce company, has formed an automotive unit and a 'smart living' division in the past week, the firm said on Friday, as it ramps up its cloud computing, hardware and...

Ford Takes Control Of Russia Joint Venture

U.S. auto maker Ford Motor Co (F.N) said on Friday it had taken control of its Russian venture with Russian car company Sollers (SVAV.MM) and would provide it with additional financial support. The move comes as the Ford-Sollers venture recorded...

Stock Futures Flat Ahead Of Jobless Claims Data

U.S. stock index futures were little changed on Thursday ahead of job market and trade data, which might dictate the market's next move as earnings season slowly kicks off. Data expected at 8:30 a.m. EDT includes weekly initial jobless claims,...