Business

Taleveras Clears Air On Crude Oil Swaps

Taleveras Group said the Nigeria Extractive Industries Transparency Initiative (NEITI) in its audit report listed 52,308,878.00 USD value against it in the crude oil swap arrangement, and not 152,308, 878 litres as grossly misinterpreted. NEITI in its audit report submitted...

Wall Street To Open Flat After Claims Data; ISM On Tap

U.S. stocks were poised to open little changed on Thursday, after the S&P 500 set a record for a second day and data showed jobless claims rose more than expected in the latest week. Initial weekly claims for state unemployment...

Despite Hurdles, Delphi’s Liability In GM Recall Could Be Tested

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Delphi Automotive's name does not appear on the outside of the 2.6 million vehicles recalled by General Motors Co since February, but the company is getting drawn into a mounting wave of litigation for its role in producing the...

Trade Deficit Widens As Exports Fall

The U.S. trade deficit unexpectedly widened in February as exports fell to their lowest level in five months, further signs economic growth slowed in the first quarter. The Commerce Department said on Thursday the trade gap increased 7.7 percent to...

Neimeth Starts Construction Of N5bn Pharmaceuticals Complex In Anambra

Neimeth International Pharmaceuticals Plc has officially kicked off the construction of its N5billion new WHO/cGMP complaint Pharma Complex situated in Anambra State. Peter Obi, the immediate past Governor of Anambra State laid the foundation stone of the new complex situated...

Thuraya, Airtel Partner To Bring Satellite Connectivity To Africa

Thuraya Telecommunications Company, a leading Mobile Satellite Services (MSS) operator and Bharti Airtel International BV on Monday said it has entered into an agreement with India’s Airtel to provide its customers with mobile satellite products and services across 17...

Chrysler To Recall Nearly 870,000 SUVs For Brake Problem

Chrysler Group said on Wednesday it would recall nearly 870,000 vehicles to fix a defect in the brake systems following complaints about excessive brake-pedal firmness. Chrysler, a unit of Fiat Chrysler Automobiles, said the recalled vehicles will be installed with...

GM Avoided Defective Switch Redesign In 2005 To Save A Dollar Each

General Motors Co in 2005 decided not to change an ignition switch eventually linked to the deaths of at least 13 people because it would have added about a dollar to the cost of each car, according to an...

We‘re Restoring Normalcy To Fuel Supply, Says NNPC

BEVERLY HILLS, CA, April 01, (THEWILL) – The Nigerian National Petroleum Corporation (NNPC) and its downstream subsidiary, Pipelines and Products Marketing Company (PPMC), said on Tuesday that normalcy was being restored to the supply and distribution of premium motor...

Apple Again Seeks Decisive U.S. Court Ruling Against Samsung

Apple and Samsung return to federal court on Tuesday for opening statements in their latest patent battle, with the iPhone maker expected to present more detailed evidence in its attempt to win a U.S. ban on sales of several...