Business

Sony Cancels The Interview Release Amid Threats

Sony Pictures has cancelled the planned US release on 25 December of the film The Interview, after major cinema chains decided not to screen it. The film is about a fictional plot to kill North Korean leader Kim Jong-un. Hackers have...

Boeing To Make 754 Commercial Jet Deliveries In 2015: Trade Group

Boeing Co (BA.N) will deliver a record 754 commercial aircraft in 2015, an increase of up to 5.5 percent, the U.S. Aerospace Industries Association forecast on Wednesday, reflecting expectations of steadily rising production at the world's biggest plane maker. The...

Top Herbalife Salesman Acknowledges High Failure Rate In Video

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A top Herbalife salesman said that most people who sell the company's weight loss and nutrition products are doomed to fail, adding fresh grist to accusations by a hedge fund manager that the company is a fraud. "We sell people...

Deutsche Bank Says To Review Strategy, No Comment On Postbank Sale Report

Deutsche Bank AG (DBKGn.DE) said it would review its strategy in 2015 after a business magazine said it was considering major changes, possibly including the sale of its Postbank-branded (DPBGn.DE) retail unit and a revision of its profit targets. However,...

UPDATE: Nigeria: Okonjo-Iweala Presents N4.3trillion Proposed Budget To National Assembly

SAN FRANCISCO, December 17, (THEWILL) – Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, Wednesday presented a N4.3trillion proposed appropriation for 2015 before the National Assembly in two separate appearances before the Senate and House of Assembly. Traditionally, budget presentations in the past have...

Rouble Turmoil Leads To Apple Halting Online Sales In Russia

Technology giant Apple says it cannot sell products online in Russia because the rouble's value is too volatile for it to set prices. The company stopped sales of its iPhones, iPads and other products in the country after a day...

Asian Business Sentiment Rebounds In Fourth Quarter With India Most Optimistic

Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/INSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices. The Thomson Reuters/INSEAD Asian...

Philips Expands In Medical Devices With $1.2 bln Volcano Deal

Philips (PHG.AS) has agreed to acquire U.S.-based medical device maker Volcano Corp (VOLC.O) for $1.2 billion including debt, its largest healthcare acquisition in seven years and a bid to cash in on an aging population's need for more complex...

Nigeria’s Jonathan Warns Spending At Risk Due To Falling Oil Price

President Goodluck Jonathan warned Tuesday that Nigeria could be forced to cut further the amount of oil revenue it uses for government spending if the global crude price continued to plummet. The warning came on the evening of the presentation...

Sony Pictures Warns Staff On Fraudsters Misusing Stolen Data

Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is Sony's most detailed description on the types of data stolen,...