Business

SAN FRANCISCO, July 02, (THEWILL) – The House of Representatives Wednesday passed for second reading a Bill to ensure that private companies with total assets exceeding N80 billion should convert to Public Liability Companies (Plcs). The bill, sponsored by Hon. Chris...

Malaysian state investor Khazanah Nasional Bhd plans to take Malaysian Airline System Bhd (MAS) private as the first step in a major restructuring of the loss-making airline following the disappearance of its Flight MH370, two people with direct...

Technology and telecoms firms could be the big winners in a connected car market that may be worth $50 billion over the next decade, luring investors away from traditional automakers. Chip-makers or tech giants such as Infineon and Google are...

Roche Holding AG (ROG.VX) said it would pay up to $1.725 billion to buy Seragon Pharmaceuticals, a privately-held U.S. biotech company that researches breast cancer treatments. Roche has long dominated the field of breast cancer with drugs such as Herceptin...

Hitachi Data Systems Corporation (HDS), a wholly-owned subsidiary of Hitachi Limited, has unveiled new technology in Nigeria in line with its global launch to accelerate customer success with business defined information technology (IT) – a closer linking of a...

BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the...

Morgan Stanley (MS.N) wants to pay out a smaller portion of wealth management revenue to the retail brokers who generate it, the final and perhaps most difficult front in Chief Executive James Gorman's drive to reduce staff costs across...

U.S. safety regulators announced an expansion on Monday of a previous recall to include more model years of Fiat Chrysler (FIA.MI) vehicles that have ignition switches that can be inadvertently shut off. Added to a previous recall were model year...

LADI BALOGUN, FCMB GMD Mr. Ladi Balogun is the Chief Executive Officer of FCMB Group Plc, the Nigerian lender that acquired bailed out FinBank Plc about three years ago. He responded to a few questions via email. Q: As the bank intends...

The U.S. Justice Department is expected to announce on Monday a settlement with BNP Paribas (BNPP.PA) involving a record fine of nearly $9 billion over alleged U.S. sanctions violations by France’s biggest bank, sources familiar with the matter said. The...