Business

Ford, IBM To Face Renewed U.S. Lawsuit Over Apartheid-Era Abuses

Ford Motor Co (F.N) and IBM Corp (IBM.N) will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the right to pursue...

Facebook Launches Friend-Tracking Feature

Your phone always knows where you are. And now, if you want, your Facebook friends will always know where you are, too. Facebook is introducing a mobile feature called Nearby Friends that taps into that steady stream of location information...

Google, IBM Results Raise Questions About Other Tech-Sector Companies

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Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks. The two companies,...

PepsiCo Profit Rises As Snacks Sales Rise

PepsiCo Inc (PEP.N) on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, said net income was $1.22 billion, or 79 cents per share, in the...

GSK, Facing Bribery Claims, Battles To Build New Sales Model

Drugmaker GlaxoSmithKline (GSK.L) - hit by bribery claims in five countries - is to employ hundreds more doctors as members of staff as it seeks to build a new sales model designed to eliminate sharp marketing practices. Following a decision...

GE Industrial Profits Rise 12 Percent, Shares Up

GE, which is increasingly focusing on its traditional manufacturing businesses over its finance unit, posted an 8 percent increase in industrial revenue, even as overall company revenue fell slightly short of Wall Street's target. GE shares rose 1 percent in...

$16bn Gas City Project Ready For Ground Breaking – Uduaghan

L-R GOVERNOR EMMANUEL UDUAGHAN OF DELTA STATE, PROJECT MANAGER, JULIUS BERGER ENGR. THOMAS GROSSOR AND ENGR. TALALA AKYA, WHEN THE GOVERNOR VISITED THE ONGOING GAS EXPORT PROCESSING ZONE PROJECT IN UGBORODO COMMUNITY IN WARRI SOUTH LOCAL GOVERNMENT AREA OF...

Alibaba’s Growth Accelerates, U.S. IPO Filing Expected Next Week

Alibaba Group Holding Ltd's revenue growth accelerated in the last quarter of 2013, a timely lift for the Chinese Internet company as it prepares to file a prospectus next week for its highly anticipated initial public offering. Alibaba is expected...

Bonds Shine Again As Great Rotation Gives Way To Asset Reflation

Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously. In an investment world so used to the concept of 'risk...

Euro Zone Inflation Stuck In ‘Danger Zone’, Keeps Pressure On ECB

A shock drop in March euro zone inflation to its lowest level since November 2009 was confirmed on Wednesday, keeping pressure on the European Central Bank to intervene should prices not rebound. The year-on-year inflation rate in the 18 countries...