Business

Philips (PHG.AS) has agreed to acquire U.S.-based medical device maker Volcano Corp (VOLC.O) for $1.2 billion including debt, its largest healthcare acquisition in seven years and a bid to cash in on an aging population's need for more complex...

President Goodluck Jonathan warned Tuesday that Nigeria could be forced to cut further the amount of oil revenue it uses for government spending if the global crude price continued to plummet. The warning came on the evening of the presentation...

Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is Sony's most detailed description on the types of data stolen,...

The global economy is ending the year in a fragile state with factory activity shrinking in China, euro zone business growth remaining weak, and emerging market giant Russia in a spiraling currency crisis. "These are uncertain times again and there...

Chinese authorities said on Tuesday that Honda Motor Co. and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan's Takata Corp.. Close to 20 million...

SAN FRANCISCO, December 16, (THEWILL) – Nigeria’s Petroleum Resources Minister was Tuesday appointed President of the Gas Exporting Countries Forum (GECF) at the 16th Ministerial Meeting of the forum holding in the Qatari capital city of Doha. The Minister who...

U.S. stocks dipped on Monday as initial gains vanished, as did a brief rebound in crude oil prices. Brent LCOc1 and U.S. crude CLc1 had briefly rebounded after having hit fresh 5-1/2 year lows earlier in the day, only to...

Nigeria's consumer price inflation fell for a third month in November as food price rises slowed again, shrugging off weakness in the naira currency that threatens to push up living costs ahead of next year's election. The statistics bureau said...

After leading the U.S. economic recovery out of recession, some of the nation's top oil states are showing early signs of a slowdown as a result of the plunge in crude prices. In Houston, Texas, the first oil industry layoffs...

Nigeria's two main oil worker unions will begin an indefinite nation-wide strike starting on Dec. 15, the unions said on Sunday. The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigeria Union of Petroleum and Natural Gas...