Business

Package delivery firm FedEx Corp (FDX.N) on Wednesday reported a quarterly net loss due to a $2.2 non-cash pretax charge related to a move to mark-to-market accounting for employee pensions. The Memphis-based company reported a fiscal fourth-quarter loss of $895...

Volkswagen's (VOWG.DE) chief executive told staff on Wednesday of a coming reorganisation of Europe's biggest carmaker in the wake of the departure of its chairman. "Volkswagen has to make its management structure fit for the future," Martin Winterkorn told around...

BEVERLY HILLS, June 16 (THEWILL) – Eleven ships laden with petroleum products and food items have arrived Lagos ports and awaiting to berth, the Nigerian Ports Authority’s (NPA) daily publication ‘Shipping Position’ said Tuesday. The document stated that three of...

Nestle says it will destroy more than $50m (£32m) worth of its hugely popular Maggi noodles, following a ban imposed by India's food safety regulator. India's food safety regulator says tests have found the instant noodles "unsafe and hazardous" and...

Prime Minister Alexis Tsipras told opposition leaders on Tuesday that disagreements among international lenders were to blame for an impasse in negotiations, sticking to a hard line that has brought Greece to the brink of default. Financial markets, long undisturbed...

U.S. stock index futures were lower on Tuesday as investors were cautious ahead of a two-day Federal Reserve meeting and as the Greek debt crisis showed no signs of abating. * The central bank is unlikely to raise rates at...

BEVERLY HILLS, June 15 (THEWILL) – The Nigerian government should start selling off its stakes in oil joint ventures with foreign partners to ease the funding issues and leakage of cash due to corruption and waste which have impeded...

Airbus (AIR.PA) and Boeing (BA.N) opened the Paris air show with a flurry of multi-billion-dollar plane deals on Monday as demand from Middle Eastern and Asian airlines swelled their already bulging order books. Airbus signed up Saudi Arabian Airlines to...

Three foreign funds on Monday said they would oppose Toyota Motor Corp's (7203.T) proposal to issue a new class of shares, joining an influential California pension fund in objecting to a sale that critics say favors Japanese retail investors. Toyota...

Some things can't be summed up in 140 characters. Twitter Inc's announcement that Dick Costolo would exit as CEO on July 1 was long on plaudits but offered few clues on how the company will tackle its biggest problem: user...