Business

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, pointing to a further strengthening of labor market conditions. Initial claims for state unemployment benefits decreased by 14,000 to a seasonally adjusted 289,000 for the week...

U.S. stocks were set to rise at the open on Thursday following upbeat labor market data, amid a backdrop of a sanctions confrontation between Russia and the West that highlighted the relative strength of the U.S. economy. The number of...

The European Central Bank left interest rates unchanged on Thursday, holding off fresh policy action as it prepares to launch fresh funding for banks next month that it hopes will lift inflation from rock-bottom levels. The decision to leave rates...

Sprint Corp (S.N) has dropped its bid to acquire No. 4 U.S. carrier T-Mobile U.S. Inc (TMUS.N) after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters. The move is a...

Samsung Electronics Co Ltd (005930.KS) and Apple Inc (AAPL.O) said they had agreed to drop all patent litigation outside the United States, scaling down a protracted legal battle between the smartphone rivals. The iPhone and Galaxy handset makers issued nearly...

A Chinese anti-trust regulator conducted new raids on Microsoft Corp (MSFT.O) and partner in China Accenture PLC (ACN.N), the agency said on its website on Wednesday, after saying last week Microsoft is under investigation for anti-trust violations. The State Administration...

Rupert Murdoch's Twenty-First Century Fox (FOXA.O) decided to pull its $80 billion offer to buy Time Warner Inc (TWX.N) on Tuesday, abandoning plans to create one of the world's largest media conglomerates. The surprise announcement appeared to cut short what...

BEVERLY HILLS, August 05, (THEWILL) - Dangote Industries and Blackstone on Tuesday announced a commitment to jointly invest up to $5 billion (825 billion) over the next five years in energy infrastructure projects across Sub-Saharan Africa with a particular emphasis...

Two of the seventeen companies bidding for Nigeria Telecommunications Ltd (NITEL) and its mobile arm, Mtel, have been shortlisted by the Federal Government. The two companies which were approved for the issuance of request proposal are Natcom Consortium and Nectar...

Samsung Electronics Co Ltd (005930.KS) said it will do 30 percent less business with a parts supplier after uncovering employment of child workers at the China-based firm, marking the IT giant's strongest objection to the illegal practice to date. In...