Business

Ireland’s CRH To Buy Lafarge, Holcim Assets For $7.4 Billion

Irish building supplies groups CRH has agreed to pay 6.5 billion euros ($7.4 billion) for assets that rivals Lafarge and Holcim needed to sell to secure regulatory approval for their planned merger. CRH, the leading producer of asphalt for road...

Hyundai Cuts Price Of Fuel Cell Car, Eyes Competition With Toyota

Hyundai Motor Co said it will lower the price of its Tucson fuel cell electric vehicle by 43 percent in South Korea and consider cutting prices of the car overseas to compete with models from the likes of Toyota...

Soludo Responds To Okonjo-Iweala, Grills Minister Over Alleged N12 Trillion Stolen From Crude Oil, Others

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… Challenges Minister, APC To Debate On Economy SAN FRANCISCO, February 01, (THEWILL) – With the presidential elections just barely two weeks away, former Central Bank Governor, Professor Charles Soludo, Sunday published a follow up to the Op-Ed he published...

Energy May See Further Weakness As Key Names Report

Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. The group has been falling alongside crude oil...

Chevron’s Profit Beats As Chemical Sales Offset Cheap Oil

Chevron Corp (CVX.N), the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices CLc1. That drop in crude prices, about 60 percent since June,...

AT&T Top Buyer At U.S. Airwaves Auction; Dish Spends Big

AT&T Inc (T.N) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp (DISH.O) spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on...

Nigeria’s Central Bank Sells Dollars To Lift Naira – Dealers

Nigeria's central bank intervened on Friday, selling an undisclosed amount of dollars to prop up the naira currency, which has been hit hard by falling global oil prices, dealers said. The bank has been intervening this week to lift the...

Xerox Revenue Falls As Printer Sales Decline

Xerox Corp (XRX.N), best known as a maker of printers and copiers, reported a 3.5 percent fall in quarterly revenue as printer sales declined. Net income attributable to Xerox fell to $156 million, or 13 cents per share, for the...

Qatar Airways Takes $1.7 Billion Stake In British Airways-Owner IAG

Qatar Airways has bought a 9.99 percent stake in International Consolidated Airlines Group (IAG) worth around 1.15 billion pounds ($1.7 billion), building closer ties with the owner of its partners British Airways and Iberia in the oneworld alliance. Qatar's national...

Oil Price Will Average Less In 2015 Than During Financial Crisis: Reuters Poll

Crude oil will likely continue falling before posting only a mild recovery in the second half of this year, a Reuters survey of analysts showed on Friday, with prices set to average even less in 2015 than during the...