Business

Bank Of America Skips Vote Sought By Funds On Moynihan’s Roles

Bank of America Corp will not hold a shareholder vote on its decision to reunite the roles of chairman and chief executive officer, according to the bank's proxy statement filed on Thursday. The Charlotte, North Carolina-based bank had been asked...

U.S. Questions China At WTO On Banking Technology Restrictions

The United States is concerned about China's restrictions on the use of foreign information technology equipment by the banking sector, according to a filing published by the World Trade Organization on Thursday. U.S. business groups have already complained about the...

Brent Oil Rises As Euro Zone Morale Boost Offsets Oversupply Concern

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Brent oil prices firmed on Wednesday as business morale in the euro zone's top two economies improved, offsetting concerns about oversupply that has filled fuel storage tanks around the world. Germany, Europe's largest economy, saw business morale rise for the...

Stock Futures Little Changed Ahead Of Data, Deals Support

U.S. stock index futures were little changed in light volume on Wednesday ahead of industrial orders data, with deals indicating investors still see value in the market despite indexes trading near all time highs. * Equity traders have kept an...

International Community Culpable in Nigeria’s Oil Theft, Says Uduaghan

BEVERLY HILLS, March 24, (THEWILL) – Delta State Governor, Dr. Emmanuel Uduaghan, has said that the international community cannot be exonerated from the criminality of crude oil theft in Nigeria. Speaking Tuesday at the inauguration of 30 gunboats procured by...

Court orders NCC, MTN, Glo, Others To Pay APC N500m Over Unlawful Closure Of Party’s Fund Raising Service

SAN FRANCISCO, March 24, (THEWILL)  –  The Nigerian Communications Commission (NCC) and five major telecommunications companies have been ordered to pay the All Progressives Congress (APC), Nigeria’s main opposition political party, the sum of N500 million naira ($2.2m), following...

Strong Euro Zone Business Data Sends Euro, Shares Higher

The euro rose and European shares edged up on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. In a sign the European...

Oil Below $56 As Saudi Output Near Record, China Activity Slows

Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high. Factory activity in China, the world's second-largest economy and top...

Hyundai Motor Targets 5 Percent U.S. Sales Growth This Year

South Korea's Hyundai Motor (005380.KS) aims to boost its U.S. sales by 4.7 percent this year, ahead of the industry's projected growth rate, despite a consumer shift to SUVs and pick-up trucks. Sales of Hyundai's mainstay sedans, the Elantra and...

U.S. Law Firm Rallies Tesco Investors To Join Lawsuit

A U.S. law firm is asking Tesco shareholders to join a group that wants to bring a lawsuit and seek billions of pounds in compensation for losses relating to the British retailer's overstatement of profit last year. Tesco said on...