Business

Mitsubishi Heavy Industries' involvement in Siemens' bid for the power assets of France's Alstom fits in with the Japanese company's plans to build a global presence after a recent major reorganization of its business. Mitsubishi Heavy President Shunichi Miyanagi said...

… As Nigeria, American Investors Sign MOU SAN FRANCISCO, June 15, (THEWILL) – The power sector reform is progressing with the administration addressing teething problems facing the sector, Minister of State Power, Hon. Mohammed Wakil has disclosed. Speaking after signing a...

With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week. The stock market and oil prices were rattled late in the week after violence in the nation escalated as a Sunni...

Honda Motor Co expects to recall vehicles with potentially defective air bags, a move that could expand a massive, multi-company air bag recall by more than a million, according to a person with knowledge of the matter. The recall involves...

Twitter Chief Operating Officer Ali Rowghani resigned on Thursday. The former Pixar executive joined Twitter (TWTR, Tech30) in 2010 as chief financial officer and became COO in 2012. "Goodbye Twitter. It's been an amazing ride, and I will cherish the memories,"...

Sterling surged on Friday after the Bank of England hinted at an interest rate rise this year, while escalating violence in Iraq drove oil to a nine-month high and dampened equity markets. European shares .FTEU3 were still on course for...

Executives from German carmaker BMW and U.S.-based Tesla Motors Inc met this week in a move which could lead to the creation of charging stations usable for different types of electric cars. BMW and electric carmaker Tesla are seeking ways...

European shares held steady near 6-1/2-month highs on Thursday, with gains limited by concerns over the pace of global growth, while oil prices hit a three-month peak on escalating violence in Iraq. A cut in the World Bank's global growth...

A federal judge on Wednesday said he would consider dismissing a U.S. Department of Justice lawsuit accusing Bank of America Corp of civil fraud in the sale of mortgage securities that soured during the global financial crisis. While not issuing...

U.S. chipmaker Intel (INTC.O) lost on Thursday its challenge against a record 1.06-billion-euro ($1.44 billion) fine handed down by European Union antitrust regulators five years ago for blocking rival Advanced Micro Devices (AMD.N). The European Commission in its 2009 decision...