Business

Rural banks in China's eastern city of Yancheng stacked piles of cash in plain view behind teller windows to calm depositors queuing at bank branches for a third straight day on Wednesday following rumors that they had run out...

Carlyle Group LP (CG.O) is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers,...

Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal. The acquisition, which comes hot on the heels...

…Accuse suspended CBN governor of fraudulently selling Intercontinental Bank to Access Bank BEVERLY HILLS, CA, March 25, (THEWILL) – Three shareholders of the defunct Intercontinental Bank have dragged the suspended governor of the Central Bank of Nigeria (CBN), Sanusi Lamido...

Google has teamed up with Ray-Ban maker Luxottica in a bid to turn its Internet-connected Glass spectacles into a widely-available, stylish consumer product. In a statement late on Monday, Luxottica, the world's biggest eyewear maker, said it had agreed to...

… As Council Opens Probe Into CBN, Controversial Acquisition Of Intercontinental Bank Plc By Access Bank BEVERLY HILLS, CA, March 24, (THEWILL) – The Financial Reporting Council of Nigeria has invited the suspended Governor of the Central Bank of Nigeria...

Shares were in a defensive mode on Tuesday on uncertainty over Ukraine and the global economy, though still-vague hopes of stimulus measures from China may be supporting investor sentiment. Short-dated U.S. Treasuries prices wobbled, taking short-term U.S. bond yields to...

U.S. prosecutors are considering using the legal theory behind a $1.2 billion penalty imposed on Toyota to go after misconduct in industries ranging from auto and airplane makers to mining, a Justice Department official told Reuters. The charges of wire...

Every big bank in town wanted a piece of the Alibaba Group Holding Ltd initial public offering, set to be the biggest technology listing ever. So much so that, according to Thomson Reuters data, major banks skipped an estimated $100...

The Walt Disney Co has agreed to buy Maker Studios, one of YouTube's largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. The...