Business

T-Mobile US Inc (TMUS.N) is hedging its bets by offering to buy spectrum from smaller rivals in case the takeover by Sprint Corp (S.N) falls through, the New York Post reported, citing a source familiar with the situation. The company...

SAN FRANCISCO, June 17, (THEWILL) – The pipelines attached to the Atlas Cove Depot of the Pipelines and Petroleum Marketing Company (PPMC) went up in flames late Tuesday night after thieves attacked the lines to steal petroleum products. THEWILL however gathered...

U.S. stocks bounced back from earlier declines Tuesday to gain modestly as investors shrugged off weaker-than-expected housing data and the latest flaring of tensions in Iraq, and as the Federal Reserve began a two-day policy meeting. Housing starts and building...

The French government raised the stakes in the battle for engineering group Alstom on Tuesday, telling rival suitors General Electric (GE) and Siemens to come up with better offers. President Francois Hollande's government has given itself the power to veto...

Apple Inc reached an out-of-court settlement with U.S. states and other complainants in an e-book price-fixing class action lawsuit on Monday, effectively avoiding a trial in which the iPad maker faced more than $800 million in claims. U.S. District Judge...

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. Rupert Keeley, the executive in charge of the EMEA region of PayPal,...

The Central Bank of Nigeria’s (CBN) new policy stance on fraudulent practices in the banking industry, occasioned by loan and related offences, among others, may have put the credit bureaus under scrutiny, BusinessDay investigations have shown. While the CBN’s promise...

Ukraine says Russia has cut off all gas supplies to Kiev, in a major escalation of a dispute between the two nations. "Gas supplies to Ukraine have been reduced to zero," Ukrainian Energy Minister Yuri Prodan said. Russia's state-owned gas giant...

U.S. banks looking to get in on a booming market for financing new-car sales have run into a formidable competitor: the auto manufacturers themselves. Financing arms of car companies, including Toyota Motor Corp, Honda Motor Co and Ford Motor Co,...

Investors tensions over fighting in Iraq and Ukraine saw a global shift into traditional safe-haven currencies, precious metals and bonds on Monday, and oil hovered near a nine-month high. The mood also spread to share markets. The Nikkei in Tokyo...