Business

Dollar General May Have To Shut More Than 4,000 Stores: NY Post

Dollar General Corp (DG.N) may need to divest more than 4,000 stores to win approval from the U.S. Federal Trade Commission for its acquisition of Family Dollar Stores Inc (FDO.N), the New York Post reported, citing two sources close...

Farouk Lawan’s $620,000 Bribery Trial Stalled As Judge Withdraws From Case

BEVERLY HILLS, November 18, (THEWILL) – The trial of a former Chairman of the House of Representatives Ad-hoc Committee on Fuel Subsidy Regime, Mr. Farouk Lawal, and the committee's secretary Boniface Emenalo, was Tuesday stalled at an Abuja High...

UBA Ruby Account Offers More Exclusive Perks For Women, Introduces Priority Pass

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SAN FRANCISCO, November 18, (THEWILL) – Women who chose Ruby, a female focused current account offered by pan-African bank, United Bank for Africa (UBA) Plc, will now enjoy more perks as the bank has expanded its list of exclusive...

Stocks Rise, Naira Falls As Markets Cautious On Finance Minister’s Plan

Stocks rose and the naira currency fell yesterday, as markets tried to digest plans by Nigeria’s finance minister to mitigate the unfavourable effects of the declining oil prices, which have significantly reduced government revenue since June. The main benchmark index,...

Japan Shares Rebound After U.S. Megadeals, Dollar Steady

Japanese shares led a tentative recovery in Asian markets on Tuesday, drawing some support from two U.S. blockbuster acquisitions and anticipation of more European monetary stimulus. A day after shock data showing Japan slipping into recession had rattled financial markets,...

Takata, Honda Sued Over Death Linked To Faulty Air Bag

Takata Corp and Honda Motor Co were hit Monday with a lawsuit over an air bag linked to the death last month of a woman in Florida, the latest legal issue for the companies as they continue to recall...

Halliburton To Buy Baker Hughes For About $35 Billion

Halliburton Co (HAL.N) will buy Baker Hughes Inc (BHI.N) for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV (SLB.N) as falling oil prices threaten to erode demand. The merger...

Dismal Quarter Pushes Japan Into Recession

The Japanese economy slipped into recession in the third quarter, a surprisingly poor performance that could delay a planned sales tax hike. Gross domestic product shrank by an annualized 1.6% in the three months ended September, Japan's Cabinet Office said...

Nigeria Cuts Oil Benchmark To $73 Per Barrel Over Falling Crude Price

SAN FRANCISCO, November 16, (THEWILL) – The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has proposed a review of the oil benchmark from 77.5 dollars to 73 dollars for the 2015 budget. Okonjo-Iweala said this on Sunday...

IEA Sees New Era, No Quick Rebound In Oil Prices

The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday. The International Energy Agency, which typically refrains...