Business

Citigroup Inc (C.N) said it has agreed to sell its consumer finance unit OneMain Financial Holdings Inc to subprime lender Springleaf Holdings Inc (LEAF.N) for $4.25 billion in cash. The sale of OneMain is a major step in the No....

IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The...

Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's (0992.HK) sales of laptops pre-loaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyber attacks. The...

Oil dropped more than 1 percent on Monday, with Brent slipping under $62 a barrel, depressed by a stronger dollar and a rise in Libyan crude output. The dollar hit an 11-year high against a basket of currencies after a...

SAN FRANCISCO, March 02, (THEWILL) – As part of strategies aimed at consolidating on its successes, the management of the leading cement manufacturing company, Dangote Cement, Monday, announced the appointment of new Managing Director for the company, Onne Van...

Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings. Greece may have...

The latest episode of Greece's debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe's main financial center and a hotbed of Euroskepticism. The heightened risk of a Greek default and/or...

Italian luxury group Salvatore Ferragamo (SFER.MI) expects its sales to grow this year after the Chinese New Year contributed to an "excellent" performance in February, Chief Executive Michele Norsa said on Sunday. Ferragamo reported at the end of January a...

Nokia, the world's third-largest mobile equipment maker, has seen nothing in its business that would lead it to change its financial outlook, its chief executive said on Sunday. "Nothing specific has happened in the past couple of weeks. It is...

HSBC (HSBA.L), in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday. "HSBC has...