Business

General Motors Co was slapped on Friday with a $35 million U.S. fine for its delayed response to an ignition switch defect in millions of vehicles, as federal regulators accused a long line of company officials of concealing a...

Many Nigerian travellers to Dubai, a popular business and holiday destination, may find themselves taking the long route there in the summer peak season which has just begun as Emirates Airline, which usually operates two direct flights daily into...

Global shares fell for a third day on Friday, on course for their longest losing streak in over a month, and yields on lower-rated euro zone bonds rose as a gloomier economic picture in Europe led investors to shed...

Corruption charges against GlaxoSmithKline Plc (GSK.L) executives in China are a warning to other foreign firms and could do irreparable damage to the British drugmaker's Chinese operations, the official Xinhua news agency said on Friday. Chinese police charged GSK's former...

As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election...

SAN FRANCISCO, May 15, (THEWILL) – Six years after Justice Marcel Awokulehin sensationally struck out all 170-count charge of money laundering preferred against former governor of Delta State, James Onanefe Ibori by the Economic and Financial Crimes Commission, EFCC,...

GlaxoSmithKline Plc (GSK.L) executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China's pharmaceutical industry, two sources with ties to the businessman and knowledge of the investigation said. The allegations against the...

The number of people flying on U.S. airlines will rise this summer, aided by a record level of international travelers, an industry group said on Thursday. Airlines for America, a lobbying association for U.S. airlines, forecasts that about 210 million...

AT&T Inc (T.N) is working with investment bank Lazard Ltd (LAZ.N) as it negotiates a potential takeover of DirecTV (DTV.O), the country's top satellite TV operator, according to people familiar with the matter. AT&T is in active discussions to buy...

SAN FRANCISCO, May 14, (THEWILL) – Justice Rita Ofili-Ajumogobia of a Federal High Court sitting in Lagos was on Wednesday, May 14, 2014 told that a prosecution witness in the trial of a former Minister of Aviation, Mr. Femi Fani-Kayode...