Business

Exclusive: Facebook Earns 51 Percent Of Ad Revenue Overseas

Overseas markets bring in more advertising revenue than the United States for Facebook Inc, amounting to 51 percent of global ad sales in the first quarter, with growth in Asia the fastest in the world at 57 percent, company...

Apple Music Faces Antitrust Scrutiny In NY, Connecticut

The attorneys general of New York and Connecticut are investigating Apple Inc's negotiations with music companies to look for signs of potential antitrust violations. The attorneys general want to know whether music labels colluded or were pressured into favoring Apple's...

Target Announces Share Buyback, Dividend Boost After Disclosure Snafu

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Target Corp (TGT.N) said it would double its share buyback program to $10 billion and boost its quarterly dividend by 7.7 percent, confirming the contents of a statement it published inadvertently and took off its website earlier on Tuesday. The...

Bank Customers Seek End To Excessive Bank Charges

BEVERLY HILLS, June 09, (THEWILL) – Customers of commercial banks in Nigeria have called for an end to excessive charges levied on them by commercial banks. A cross section of the customers, who spoke to the News Agency of Nigeria...

HP Pays $100 Million To Settle Shareholder Class-Action Suit

Dutch pension fund manager PGGM said on Tuesday Hewlett-Packard had agreed to pay $100 million to settle a class-auction lawsuit relating to the company's 2011 acquisition of Autonomy, a "big data" analysis company. PGGM alleged that HP made "false and...

Naira Posts Strong Gain Against Dollar

SAN FRANCISCO, June 08, (THEWILL) – The naira on Monday strengthened further as it sold at N216 against the dollar at the Bureau de Change (BDCs). The currency gained N2 from N218 that it traded at the segment on Friday. The...

Ecobank Appoints Ayeyemi As New Group CEO

SAN FRANCISCO, June 08, (THEWILL) – Ecobank has appointed Ade Ayeyemi as its new Group Chief Executive Officer. His appointment is effective from 1 September 2015, the bank said in a Monday statement. The statement said, “Mr Ayeyemi, 52, will...

Merkel Presses G7 Leaders To Agree On Tough Climate Goals

German Chancellor Angela Merkel urged Group of Seven (G7) leaders to commit to tough goals to cut greenhouse gases on the final day of their summit in Bavaria on Monday, at which they also discussed the threat from Islamic...

U.N.: Interim Deal To Help Show Any Military Side Of Iran Nuclear Past

Any possible military dimensions of Iran's nuclear program can be clarified if the details of a preliminary deal sealed in April between Tehran and six world powers are implemented, the head of the U.N. nuclear watchdog said on Monday. Iran...

White House Denies Obama Said Strong Dollar A Problem

A senior U.S. official denied on Monday a news wire report that President Barack Obama had told a Group of Seven industrial nations' summit that the strong dollar was a problem. Bloomberg News earlier quoted a French official as saying...