Business

Hyundai Motor First-Quarter Profit Misses Estimates, Hurt By Slow U.S. Sales

South Korea's Hyundai Motor (005380.KS) missed analyst estimates by posting first-quarter net profit that was almost identical to a year earlier, as lackluster U.S. performance offset increased sales in China and Korea. Shares of Hyundai fell over 2 percent after...

Canon Nudges Up Profit Forecast On Higher Office Equipment Sales

Canon Inc (7751.T) raised its full-year operating profit target by a slight 1.4 percent after strong sales of office copiers and printers in the first quarter. Canon, the world's biggest camera maker, said in its quarterly earnings statement it expects...

Apple Expands Buybacks By $30 Billion, OKs 7-For-1 Stock Split

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Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual...

Embrace Cooking Gas, NNPC Urges Nigerians

SAN FRANCISCO, April 23, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) on Wednesday expressed its readiness to reinvigorate and increase the domestic consumption of the liquefied natural gas otherwise known as cooking gas across the length and breadth...

Boeing’s Quarterly Revenue Rises 8 Percent

Boeing Co reported an 8 percent increase in quarterly revenue, helped by a rise in commercial aircraft deliveries. Revenue rose to $20.47 billion for the first quarter ended March 31 from $18.89 billion a year earlier. Commercial aircraft deliveries rose 18...

Chinese Factories Stalling As Euro Zone Business Picks Up

Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy -...

BlackRock Cut Stake In Monte Paschi To 3.23 Percent

U.S. investment fund BlackRock (BLK.N) has lowered its stake in Italian lender Banca Monte dei Paschi di Siena (BMPS.MI) to 3.23 pct from 5.75 percent, according to a filing published by market regulator Consob on Wednesday. The sale took place...

Exclusive: Nigeria Favors Local Firms In $40 Billion Oil Contract Awards

Nigeria has awarded most of its long-term oil contracts worth an estimated $40 billion a year to local companies, according to a confidential list seen by Reuters, meaning global traders need to partner with them to access crude from...

Pensions: Delta Contributes Over N16 Billion As Counterpart Funding – Uduaghan

GOVERNOR EMMANUEL UDUAGHAN OF DELTA STATE (L) CONGRATULATING CHAIRMAN, DELTA STATE PENSION BOARD, MRS. PATIENCE IKOMI (R) SHORTLY AFTER TAKING OATH OF OFFICE AS THE CHAIRMAN OF THE BOARD DURING THEIR INAUGURATION BY THE STATE GOVERNOR HELD IN GOVERNMENT...

GM Seeks Court Protection Against Ignition Lawsuits

General Motors Co filed a motion in a U.S. court to enforce an injunction contained in its sale order, which GM says bars plaintiffs from suing the reorganized company for any claims related to its predecessor. "May New GM be...