Business

Honda To Double Number Of Models In China

Honda Motor Co (7267.T) will double the number of car models it sells in China over the next two years to try to capture market share from rivals such as General Motors Co (GM.N), Japan's Nikkei newspaper reported on...

U.S. Payrolls Surge In April, Jobless Rate Hits 5-1/2 Year Low

U.S. job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent, suggesting a sharp rebound in economic activity early in the second...

AstraZeneca Rejects Pfizer’s Raised Bid Of $106 Billion

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U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company. AstraZeneca's board said the offer "substantially...

Twitter Stock Slumps 50 Percent As Goldman, Deutsche Bank Still Say `Buy’

Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. Much more accurate calls were made by Wells Fargo,...

Google Faces Antitrust Lawsuit On U.S. Mobile Internet Search

Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company "illegally monopolized" the Internet and mobile search market in the United States. The lawsuit alleges that Google has expanded its...

Uduaghan Calls For National Master Plan For SMEs

SAN FRANCISCO, May 01, (THEWILL) – Delta State Governor, Dr. Emmanuel Uduaghan has advocated a national master plan for the development of small and medium scale industries to stimulate economic growth and boost employment. Governor Uduaghan who made the call...

Discounts Help T-Mobile Add More Customers

T-Mobile US Inc said it added a net 2.4 million customers in the first quarter, up from 579,000 a year earlier, as the company's aggressive discounts won over customers. The No. 4 U.S. mobile operator's revenue rose 47 percent to...

MasterCard Quarterly Profit Rises 14 Percent

MasterCard Inc (MA.N), the world's second-largest debit and credit card company, posted a 14 percent rise in quarterly profit as more customers used cards to shop. The company's net income rose to $870 million, or 73 cents per share, for...

Sony Slashes Profit Forecast Again, Raising Pressure On CEO

Sony Corp slashed its earnings guidance for the third time in a year on Thursday to barely 10 percent of its initial outlook as further losses from its PC exit cast a pall over its struggling electronics division. The steep...

AT&T Has Approached DirecTV About Takeover: WSJ

AT&T Inc (T.N) has approached DirecTV (DTV.O) about a possible purchase of the satellite TV company, the Wall Street Journal reported, citing people familiar with the situation. A deal would likely be worth at least $40 billion, DirecTV's current market...