Business

Microsoft's former CEO Steve Ballmer has reached a deal to buy the Los Angeles Clippers basketball team for a potential record deal of $2bn (£1.2bn). Shelly Sterling, who owns the Clippers with her husband through a trust, said she was...

Don't count on the U.S. Federal Reserve to go back to a numerical bulls-eye to aim at when it finally decides to raise interest rates. A target range for the federal funds rate may well be here to stay,...

Motor Co (F.N) said on Thursday it is recalling 1.39 million SUVs and sedans in North America, most for the possible loss of power steering. About 1.186 million of the vehicles Ford said it is recalling are in the United...

Some of the largest U.S. companies are looking to hire cybersecurity experts in newly elevated positions and bring technologists on to their boards, a sign that corporate America is increasingly worried about hacking threats. JPMorgan Chase & Co, PepsiCo Inc,...

South Korea's most wanted man, who is believed to have ties to the company that operated the ill-fated Sewol ferry, has eluded arrest for weeks, leaving authorities red-faced for not finding the high-profile billionaire. The Sewol ferry sank on April...

Hyundai Motor Co unveiled two new sedans built for its home South Korean market on Thursday, an unusual step designed to fend off surging imports from the likes of BMW and Audi. The move on the eve of the Busan...

The Federal Government on Tuesday said it is planning to construct the longest pipeline in the country from Calabar via Ajaokuta to Kano State. This is as it said that gas flaring has dropped to 11 percent. Gas flaring level...

Apple Inc (AAPL.O) will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming. As expected, Beats co-founders...

… Recommends Quick Passage Of PIB SAN FRANCISCO, May 28, (THEWILL) – The Senate Committee on Finance which investigated the NNPC over allegations of fraud leveled against it by the suspended Governor of the Central Bank, Mallam Lamido Sanusi, Wednesday...

Swiss food group Nestle stepped up its drive into the fast-growing skincare market on Wednesday, buying the rights to several treatments for facial lines and wrinkles from Valeant Pharmaceuticals International for $1.4 billion in cash. The world's biggest food group,...