Business

EBay has been compromised so that people who clicked on some of its links were automatically diverted to a site designed to steal their credentials. The spoof site had been set up to look like the online marketplace's welcome page. The...

General Mills Inc reported lower-than-expected quarterly profit and revenue as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options. The company's shares fell as much...

Global shares and commodity prices rose on the reported move, although local money market rates climbed on the day, reflecting continued tightness in liquidity. The Wall Street Journal, citing an unnamed Chinese bank executive, said the People's Bank of...

BEVERLY HILLS, September 16, (THEWILL) - United Bank for Africa (UBA) Plc in partnership with Verve International has launched an offer tagged “UBA Verve Rewards” in which Cardholders could win e-cash, free airtime, Nokia mobile phones and up to N35,...

Energy shares were trading higher on Wall Street Tuesday, putting the S&P energy index .SPNY on track for a second straight day of gains as oil prices showed signs of stabilizing. Brent crude LCOc1 climbed above $98 after hitting a...

Alibaba Group's options will be listed on International Securities Exchange Holdings' options exchanges on September 29 pending the company's public sale of shares, an ISE spokesman said on Tuesday. The Chinese e-commerce company is expected to sell shares to the...

Opel Group, the European arm of General Motors (GM.N), is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian rouble and a plunge in local demand due to a slowing economy and Western sanctions. Opel...

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) to shave billions of dollars off their tax bills. The Organisation for Economic...

BEVERLY HILLS, September 15, (THEWILL) - The South African Revenue Service (SARS) has seized $9.3 million cash from two Nigerians and an Israeli at the Lanseria Airport in Johannesburg after they arrived on a private jet from Abuja, Nigeria’s capital. A...

Yahoo (YHOO.O) was the most traded stock on the Nasdaq in premarket action on Monday as traders looked for ways to step in front of Alibaba Group's (IPO-BABA.N) debut, expected on the NYSE later this week. Alibaba's could be the...