Business

SEC Director With Big Stock Holdings Stirs Debate

Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throughout 2014, according...

Futures Rise On China’s Rate Cut, ECB Hopes

U.S. stock index futures rose on Friday, setting major indexes up for a fifth week of gains, after China's central bank cut its benchmark interest rate for the first time in more than two years to boost its cooling...

VW Unveils Multi-Billion Auto Investments Through Next Five Years

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Volkswagen AG (VOWG_p.DE) is to invest 85.6 billion euros ($106 billion) in its automotive operations over the next five years on foreign expansion, models and technology to back its quest for global leadership, even as it carries out an...

China Railway Construction Wins $12 Billion Nigeria Deal: Xinhua

China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday. The announcement comes shortly after Mexico...

Swiss Banks Asked To Hand Over More Data In U.S. Tax Case: Paper

The U.S. Department of Justice (DOJ) has requested more information from around 40 Swiss banks taking part in a program to make amends for possibly aiding tax evasion by wealthy Americans, a Swiss newspaper reported on Thursday. About 100 Swiss...

Futures Drop As Weak China, Europe Data Spurs Growth Worries

U.S. stock index futures fell on Thursday as concerns over global growth reemerged after weak business data out of the euro zone and a loss of momentum in Chinese factories. * Euro zone business is growing at a slower pace...

Arizona Sues General Motors, Says It Hid Safety Defects

Arizona State filed a lawsuit against General Motors Co (GM.N), claiming the carmaker put the public at risk by concealing safety defects to avoid the cost of recalls. Arizona was seeking an estimated $3 billion from GM, the New York...

Presidency Slashes 2015 Budget To N4.661tr, Pegs Dollar At N162

...Fixes Oil Benchmark At $73 Per Barrel BEVERLY HILLS, November 19, (THEWILL) – The Presidency on Wednesday submitted a new revenue projection that factored in new economic realities in the country. This is against the backdrop of the much publicised austerity...

Ford Keeps Pushing For Lighter Cars Despite Oil Price Fall

Ford Motor Co's (F.N) drive to make its sport utility vehicles (SUV) and other models lighter to save fuel and boost performance will not be delayed by a recent drop in oil prices, Executive Chairman Bill Ford said on...

Futures Little Changed Ahead Of Data, Fed Minutes

U.S. stock index futures were little changed on Wednesday following record closing highs for both the Dow and S&P 500 and ahead of housing data and minutes from the most recent Federal Reserve policy meeting. * Data on housing starts...