Business

Strong Dollar Squeezes Oil, China Data Limits Stock Gains

The dollar powered to a seven-year peak against the yen and a two-year high against the euro on Monday, extending gains after the Bank of Japan's latest stimulus and punishing oil and gold priced in the U.S. currency. The BOJ's...

Alibaba’s First Earnings To Test Mettle, Investor Enthusiasm

Alibaba Group Holding Ltd's (BABA.N) first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs. Coming...

Apple Plans Investor Call Ahead Of A Potential Bond Sale: WSJ

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Apple Inc (AAPL.O) is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal. Deutsche Bank AG (DBKGn.DE) and Goldman Sachs Group Inc (GS.N) are arranging...

New Twist In Troubled Chevron’s Nigeria Asset Sale

The prolonged and troubled Nigeria asset sale by American international oil company, Chevron, appears to have taken a new twist, as it has emerged that the oil major surreptitiously wrote separate letters on October 9 and October 14, 2014 to...

Dangote Crashes Cement Price To N1, 000 Per Bag

SAN FRANCISCO, November 02, (THEWILL) – In a move that will raise the stakes in the rapidly evolving Nigerian cement market, leading cement manufacturer, Dangote Cement Plc has announced huge cuts in the price of the essential product. A step...

Unknown Election Outcome Is Stocks’ Big Fear

A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility. U.S. investors appear...

J.P. Morgan Found Hackers Through Breach Of Corporate Event Website: Media

J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York Times and Wall Street Journal reported,...

Exxon, Chevron Results Boosted By Refining As Oil Prices Slip

A surge in refining profits boosted quarterly results at Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), helping to offset declining oil and gas production and falling crude oil prices. Both companies reported better-than-expected third-quarter profits on Friday, with executives...

Top U.S. Oil Companies See More Pressure To Clamp Down On Spending

Top U.S. oil producers, which already were reining in spending before crude prices started to slip in June, are now looking to trim more fat from their budgets while reminding investors they must spend to grow. Exxon Mobil Corp (XOM.N)...

2015: Imoke Presents N149B Proposed Budget To House Of Assembly

SAN FRANCISCO, October 31, (THEWILL) – With just two months to the end of the year, Cross River State Governor, Senator Liyel Imoke late Friday night presented to the state House of Assembly for consideration and approval a budget...