Business

Tinubu Bags Africa’s Young Entrepreneurs’ Achievement Award

SAN FRANCISCO, November 05, (THEWILL) – The National Leader of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has bagged the Achievement Award of a group, the Africa's Young Entrepreneurs (AYE). Tinubu, who was also appointed as AYE patron, was...

Stock Futures Imply Higher Open After Midterm Vote, ADP Report

U.S. stock index futures pointed to a higher open on Wednesday after the Republican Party took control of the Senate in the midterm elections, as expected, and following a report on the labor market that was stronger than expected. The...

Exclusive: Peugeot Takes Low-Cost Step With Moroccan Outsourcing

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PSA Peugeot Citroen (PEUP.PA) will open an engineering centre in Morocco with consulting firm Altran (ALTT.PA) in the first major step under new boss Carlos Tavares to increase the French carmaker's footprint in lower-wage countries, sources said. Peugeot will outsource...

U.S. Private Sector Creates 230,000 Jobs In October: ADP

U.S. private employers added 230,000 jobs in October, the most since June and exceeding economists' expectations as mid-sized businesses added the most workers in more than seven years, a report by a payrolls processor showed on Wednesday. Economists surveyed by...

Low Growth, Price Cuts Plague Euro Zone, Haunt ECB

Euro zone business growth picked up less than expected in October despite another, deeper round of price cuts, according to surveys that are unlikely to ease simmering tensions among the bloc's central bankers. Companies have been discounting prices for over...

Time Warner Profit Beats Estimates As Subscription Fees Rise

Time Warner Inc reported better-than-expected quarterly revenue and profit, helped by higher subscription fees for channels offered by its Turner Broadcasting and Home Box Office businesses. Shares of the company, which also raised its adjusted profit growth forecast for 2014,...

Alibaba, Office Depot Among Premarket’s Biggest Gainers

Alibaba Group Holding (BABA.N) was by far the most active stock of Tuesday's premarket session, with almost 2 million shares changing hands after the Chinese e-commerce giant reported its first quarterly results as a public company. The stock was last...

U.S. Opens Probe Into Honda Reporting Of Takata Air Bag Failures

The U.S. National Highway Traffic Safety Administration said on Monday it will examine whether Honda Motor Co Ltd (7267.T) failed to report deaths or injuries involving air bags that are now part of a sweeping federal review. Regulators gave Honda...

Europe Outlook Cut Weighs On Shares, Oil Prices Extend Fall

European shares were mixed and core bonds outperformed on Tuesday after the European Commission cut its growth forecasts, offsetting a positive string of company earnings as oil prices extended their fall. The Commission's new outlook indicated the euro zone would...

Skye Bank Completes Payment For Mainstreet Acquisition

Skye Bank Plc has completed the purchase of 100 percent shares of Mainstreet Bank from the Asset Management Corporation of Nigeria (AMCON). The last tranche of the money for Mainstreet Bank acquisition was paid to AMCON on Friday, October 31...