Business

French engineering group Alstom (ALSO.PA) said on Friday it will continue to provide evidence on the positive impact for Europe of the planned sale of its power business to General Electric Co.(GE.N). Alstom was reacting after two people familiar with...

Twitter Inc Chief Executive Officer Dick Costolo abruptly announced he was stepping down on Thursday amid increasing scrutiny of the company's slow user growth and inability to attract advertisers at the same rate as its competitors. Costolo will be replaced...

BEVERLY HILLS, June 11, (THEWILL) – The Central Bank on Nigeria (CBN) has given local banks till August 1, 2015, to publish names of serial debtors. Mrs. Tokunbo Martins, CBN’s Director of Banking Supervision, made the development public Thursday during...

SAN FRANCISCO, June 11, (THEWILL) – Prices of tomatoes, pepper and chilli pepper on Thursday soared by over 100 per cent in most markets in Lagos, according to a survey by the News Agency of Nigeria (NAN). The survey showed...

The European Commission opened a formal antitrust investigation into Amazon's e-book business on Thursday, opening yet another front in mounting EU scrutiny of America's global tech giants. The investigation adds to the pressure on the online retailer in Europe, where...

New York law enforcement officials have written to eBay Inc (EBAY.O) and PayPal Inc this week, saying the companies' revised user policies "raise issues" under consumer protection laws, the New York Times reported. The updated user agreements would allow the...

U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam. While other data on...

U.S. chipmaker Qualcomm Inc (QCOM.O) said it has appointed old-hand Frank Meng as its chairman for China, a market which accounts for half of the company's overall revenues but where it has hit rough patches in recent times. Qualcomm also...

Emirates airline sees an opportunity to increase direct flights from Europe to cities other than its Dubai hub, but its chief executive said he is concerned about harming struggling European carriers. Emirates also is actively considering a large purchase...

SAN FRANCISCO, June 10, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) has failed to remit $11.6bn in dividends, loan and interest repayments earned through exports from the Bonny LNG plant, an audit conducted by the Nigerian Extractive Industry...