Business

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...

LinkedIn Corp (LNKD.N) has agreed to pay nearly $6 million to more than 350 current and former employees after a U.S. Department of Labor investigation found the online career-networking company violated the country's wage law. In a settlement announced by...

Stocks closed higher on Monday, lifted in a late rally driven by earnings from Warren Buffett's Berkshire Hathaway and broad gains across most sectors that helped the S&P 500 rebound from its largest weekly drop since 2012. Warren Buffett's Berkshire...

Hewlett-Packard Co said it would sue former Autonomy Chief Financial Officer Sushovan Hussain as he seeks to block HP's settlement of three shareholder lawsuits over its troubled purchase of the British software company. Hussain is trying to block the settlement,...

Investors breathed a sigh of relief on Monday after Portugal prevented the collapse of one of its biggest banks, putting some life back into European stocks following last week's slide and pushing bond yields lower across the board. Lisbon on...

Microsoft Corp (MSFT.O) should not obstruct an anti-trust investigation by Chinese regulators, the State Administration for Industry and Commerce (SAIC) said on Monday, the latest shot fired by China's government at the U.S. software giant. The SAIC has questioned Microsoft's...

...Urges Diezani, NNPC To Halt Move ...Wants LNG Headquarters Relocated To Niger Delta BEVERLY HILLS, August 03, (THEWILL) - Niger Delta oil monitoring group, the Niger Delta Indigenous Movement for Radical Change (NDIMRC), has alleged plot by Shell to cancel the Trans...

Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt. The bank's supervisory...