Business

Twitter Users And Engagement Disappoint, Shares Dive

Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday. The...

Apple CEO Fires Back As Retailers Block Pay

Apple Inc (AAPL.O) CEO Tim Cook fired back at CVS (CVS.N) and Rite Aid (RAD.N) on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to...

Energy Shares Drag On Wall Street As Crude Prices Fall

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Energy shares dragged Wall Street lower on Monday as crude prices fell further, while readings on the services sector and home sales came in below forecasts. Brent crude oil LCOc1 fell below $85 a barrel and U.S. crude CLc1 dipped...

SEC Standoff Stalls Bank Of America’s Mortgage Settlement: Bloomberg

A standoff within the U.S. Securities and Exchange Commission is stalling the final piece of Bank of America Corp's record $16.65 billion settlement with the U.S. government tied to troubled mortgage-backed securities, Bloomberg News reported, citing people with knowledge...

Saab Finalizes $5.4 Billion Brazil Order For 36 Fighter Jets

Swedish aerospace firm Saab (SAABb.ST) has finalised a $5.4 billion order to sell 36 fighter jets to Brazil, one of the most valuable defense contracts up for grabs in an emerging market. Shares in Saab, which in December leapt by...

Merck Beats Profit Forecast With Deep Cost Cuts

Merck & Co reported lower than expected third quarter revenue, hurt by sharply lower sales of its Gardasil vaccine against cervical cancer, but cost cuts enabled the company to beat earnings forecasts. The No. 2 U.S. drugmaker on Monday said...

U.S. Appeals Court Rules For GM Over Spyker’s Saab Sale

General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company. The...

25 European Banks Set To Fail Health Checks: Sources

A group of 25 banks have failed European health checks, while up to 10 of those continue to have a capital shortfall, two people familiar with the matter said on Friday, providing a snapshot of the health of the...

Uzomah Dozie Takes Over As Diamond Bank GMD As Otti Resigns

SAN FRANCISCO, October 24, (THEWILL) – Mr. Uzomah Dozie has been appointed the Group Managing Director/Chief Executive Officer of Diamond Bank Plc, following the resignation of Mr. Alex Otti, who formally resigned his appointment on Thursday to pursue his...

GM Posts Higher-Than-Expected Profit On Strong N. American Demand

General Motors Co (GM.N) on Thursday reported a higher-than-expected profit in the third quarter and said it had strong demand for its redesigned full-size pickup trucks in North America. "Solid results really continue to be driven by strength in North...