Business

Japan's loss-making Sharp Corp (6753.T) intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday. The job cuts will total around 6,000,...

Starbucks Corp (SBUX.O) will partner Taiwanese drinks maker Tingyi Holding Corp (0322.HK) to produce and sell ready-to-drink (RTD) beverages in China, becoming the latest global firm to latch on to a local peer to expand in the tricky market. Starbucks...

Target Corp (TGT.N) has agreed to pay $10 million in a proposed settlement of a class-action lawsuit related to a huge 2013 data breach that consumers say compromised their personal financial information, court documents show. Under the proposal, which requires...

As Alibaba (BABA.N) was preparing to sell shares to U.S. investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble,...

General Motors Co (GM.N) said on Wednesday it would idle its car plant in St Petersburg and wind down its Opel brand, reducing its presence on the Russian mass market and resulting in around $600 million in special charges. The...

SAN FRANCISCO, March 18, (THEWILL) –  President Goodluck Jonathan Wednesday approved the appointment of Mr. Samuel Ogungbesan as Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), with immediate effect. A presidential statement said, “Ogungbesan, a Coordinating Director at...

BEVERLY HILLS, March 17, (THEWILL) – Indication emerged Monday that the Managing Director of the defunct Oceanic Bank Plc, Mrs. Cecilia Ibru, is yet to completely honour the plea bargain deal she entered into with the Asset Management Corporation...

Swiss officials say they are returning to Nigeria some $380 million linked to the country's former dictator, Gen. Sani Abacha. Geneva prosecutors said Tuesday they ordered the money seized in Luxembourg starting in 2006. It was transferred to Switzerland and...

Japanese video game maker Nintendo Co Ltd will venture into smartphone games, heeding calls from investors to boost revenue by taking iconic characters like Super Mario to players increasingly shunning its consoles. Nintendo, which already warned its annual operating profit...

Photo-sharing application company Pinterest has raised $367 million in its latest round of funding, according to a filing with the Securities and Exchange Commission on Monday. The amount raised values the company at $11 billion, The Wall Street Journal reported. The...