Business

SAN FRANCISCO, July 15, (THEWILL) – The Senate on Tuesday passed the N271 billion budget proposal for the Federal Capital Territory (FCT) for the 2014 fiscal year. It however called for a faster development of the territory by the Federal Capital...

Despite its moribund state, Nigeria Telecommunication Ltd (NITEL) and its mobile arm, Mtel, are still attractive to investors as 17 bidders are now prospecting for their core assets in the ongoing guided liquidation exercise of the national telecom carrier. The...

Google Inc's Nest Labs on Tuesday unveiled an industry group to encourage makers of smart home gadgets like locks and light bulbs to use Thread, a new standard for devices to communicate on a network. The attempt by Nest, a...

Beijing stepped up efforts to re-energise China's economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a...

…As Parley With Striking Doctors Ends In Stalemate SAN FRANCISCO, July 14, (THEWILL) – Following the insistence of striking medical workers not to call of their ongoing strike after a meeting with the House of Representatives Committee on Health, the Minister...

Samsung Electronics Co Ltd said it halted business with a supplier in China over suspected use of child workers, the first time it has taken such a step, after criticism that its monitoring of labor practices at suppliers was...

Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline Plc. The...

Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market but their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers seizing sensitive customer data from...

Argentine officials and the holdout investors it has battled for years over its catastrophic 2002 default met separately with a court-appointed mediator on Friday, emerging after five hours of discussions without a resolution. This is the closest the two sides...

Earnings from some of the biggest U.S. technology companies will take center stage next week, giving investors a chance to re-evaluate the sector's health. Big tech names set to report next week include Intel Corp and Yahoo Inc on Tuesday;...