Business

Faulty Takata Airbags Prompt Expanded Toyota Recall

Japanese airbag maker Takata Corp's safety crisis deepened on Wednesday after the world's biggest carmaker Toyota Motor Corp recalled 650,000 more vehicles in Japan, and the supplier cautioned further fixes may be needed. The latest recall brought to 6.5 million...

EU Investigates Tax Rulings On Apple, Starbucks, Fiat Unit

The European Commission said on Wednesday it had opened three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade in Ireland, the Netherlands and Luxembourg respectively. The probes focus on whether decisions by authorities in the...

Alibaba To Buy Out UCWeb In China’s Biggest Internet Merger

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Alibaba Group Holding Ltd will fully acquire mobile browser firm UCWeb in the biggest merger in Chinese internet history, upping the stakes in its battle with arch-rivals Tencent and Baidu. Alibaba's purchase of the one-third of UCWeb it didn't...

New Cement Grade: Court Turns Down Lafarge’s Application to Stop SON

BEVERLY HILLS, CA, June 10, (THEWILL) - The bid by Lafarge Cement WAPCO to stop the Standard Organisation of Nigeria (SON) from enforcing the newly-introduced cement grade, was Tuesday, turned down by a Federal High Court. Presiding Judge, Justice Ahmed Mohammed,...

Obasanjo Asks Ex-PDP National Auditor To Represent Him In N20bn Libel Suit

SAN FRANCISCO, June 10, (THEWILL) – Former President Olusegun Obasanjo has asked the Peoples Democratic Party (PDP)’s former National Auditor, Chief Bode Mustapha, to testify on his behalf in the N20 billion libel suit slammed against him by a chieftain...

EXCLUSIVE: Deziani Set To Resign As Oil Minister, Sets Eyes On OPEC Secretary General Job

BEVERLY HILLS, CA, June 10, (THEWILL) - Nigeria’s Petroleum Minister, Mrs. Deziani Alison-Madueke is seeking to take up the influential position of Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) and will resign her Ministerial appointment...

Betting On Boring Brings Stock Out Performance In 2014

Largely ignored during much of last year's 30 percent rally in the Standard & Poor's 500 Index, the stocks leading the U.S. market this year rank among its usually sleepiest components. The best sector in 2014 is utilities, including Consolidated...

Microsoft To Cooperate With Qihoo 360 Amid Security Concerns In China: Xinhua

Microsoft Corp (MSFT.O) will work with Chinese Internet security specialist Qihoo 360 Technology Co (QIHU.N) on mobile Internet and artificial intelligence technology, state media reported, as the U.S. software giant fights security concerns in the country. Microsoft and Qihoo on...

China IPO Market Resumes After Four-Month Hiatus, Brokers To Rue Break

The reopening of mainland China's IPO market with seven new listings announced on Tuesday is good news for investors, although analysts said brokerages could be forced to slash their earnings forecasts after a four-month hiatus in activity. The new offerings...

UBA Targets New Generation Of Customers with Next-Gen Account

FEMI OLALOKU, EXECUTIVE DIRECTOR, TREASURY AND INTERNATIONAL BANKING UBA PLC ADDRESSING UBA’S NEW GENERATION OF LOYAL CUSTOMERS AT THE PRODUCT LAUNCH OF UBA’S “NEXT-GEN” ACCOUNT IN LAGOS SAN FRANCISCO, June 09, (THEWILL) – United Bank of Africa (UBA) Plc is...