Business

…Agency Not Under Any Threat of Sanction BEVERLY HILLS, CA, May 14, (THEWILL) – The Nigerian Financial Intelligence Unit, NFIU has received special commendation for its commitment to the fight against money laundering and terrorist financing. The commendation was the highpoint...

‎BEVERLY HILLS, CA, May 14, (THEWILL) – A Federal High Court has been asked to quash the suit filed against the Central Bank of Nigeria (CBN) and the suspended governor of the bank, Mallam Sanusi Lamido Sanusi, by some...

Sony Corp said it would step up a broad restructuring this year to tackle bloated costs and exit some unprofitable businesses, hoping to put behind it years of persistent losses. The Japanese consumer electronics giant, which warned on Wednesday of...

The European Central Bank is preparing a package of policy options for its June meeting, including cuts in all its interest rates and targeted measures aimed at boosting lending to small- and mid-sized firms (SMEs). Five people familiar with the...

U.S. government officials recently proposed creating scorecards to measure the potential threat posed by firms that offer risk models, amid concerns that large financial institutions may be too dependent on the same products, according to documents reviewed by Reuters. The...

The June 2009 report on the audits, other internal Cisco documents, and interviews with two sources familiar with the situation, raise questions about whether the company knew what was happening to telecom equipment sales going through its resellers in...

BEVERLY HILLS, CA, May 13, (THEWILL) – Pursuant to the Federal Government’s resolve to collaborate with other stakeholders in the housing sector to deliver 10,000 housing units this year through mortgage refinancing, the Executive Secretary, Federal Government Staff Housing...

U.S. drugmaker Pfizer hinted it could raise its proposed $106 billion offer if AstraZeneca would only engage in talks, as its boss was grilled by UK lawmakers on his commitment to British research spending and jobs. In response AstraZeneca said...

U.S. stock index futures were little changed on Tuesday as investors found few reasons to keep pushing shares higher following a sharp rally in the previous session that took the Dow and S&P 500 to record closes. Gains this year...

lackBerry Ltd launched a low-cost touchscreen device in Jakarta, the Z3, as the embattled smartphone maker looks to revive sales in emerging markets like Indonesia where its once-fervent following has shriveled. The handset, unveiled at a glitzy launch event in...