Business

In Tech Hiring Case, A New Player At The Table

It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that. Girard represents...

Abil Rescued By South African Reserve Bank

South Africa's central bank has stepped in to run troubled lender African Bank Investments Limited (Abil) temporarily. The South African Reserve Bank has said it wants to introduce a recovery-plan that will ensure the lender has financial security in the...

Exclusive: RBS Confirms It’s Considering Sale Of Coutts’ International Arm

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Royal Bank of Scotland (RBS.L) confirmed it was considering selling the international arm of its private bank, a deal one source said could net it as much as $1 billion, as the British government leans on it to focus...

For Largest U.S. Companies, Jobs Growth Has Lagged Profits, Revenues

Employment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of globalization, technology, and other ways to operate more productively, according...

Israelis, Gaza Militants Fight On, Defying Truce Efforts

Israel launched more than 30 aerial attacks in Gaza on Saturday, killing five Palestinians, and militants fired rockets at Israel as the conflict entered a second month, defying international efforts to negotiate an agreement for an extended ceasefire. The violence...

U.S. Urges India To Step Up As Regional Power

The United States urged India on Saturday to bolster its role as a global power and force for regional stability, ahead of Prime Minister Narendra Modi's first visit to Washington since his election in May. In a speech wrapping up...

China Jails British Investigator Humphrey Linked To GSK

A British company investigator, Peter Humphrey, has been sentenced to two-and-a-half years in jail for trafficking personal data in China. The Shanghai court also sentenced his American wife Yu Yingzeng to two years. GlaxoSmithKline (GSK) China, which is being investigated for...

Judge Rejects $324.5 Million Settlement Over Apple, Google Hiring

Four Silicon Valley companies including Apple and Google failed to persuade a U.S. judge to sign off on a $324.5 million settlement to resolve a lawsuit by tech workers, who accused the firms of conspiring to avoid poaching each...

UBA GMD/CEO Urges African Banks To Use US-Africa Business Leaders Summit To Grow Capacity

BEVERLY HILLS, August 08, (THEWILL) - The Group Managing Director/CEO, UBA Plc  Mr. Phillips Oduoza has called on financial institutions in Africa to seize the opportunity provided by the President Obama led US-Africa Business Leaders Summit and the enthusiasm...

China Prosecutors Charge GSK-Linked Investigators With Illegally Obtaining Data

Chinese prosecutors on Friday charged a British investigator and his American wife with illegally obtaining private information in a case that is seen as key to a bribery investigation against GlaxoSmithKline Plc (GSK.L). The couple ran risk consultancy ChinaWhys, which...