Business

Bank of America Corp (BAC.N) could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday,...

The Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke yesterday said the United States (US) has finally stopped the importation of crude oil from Nigeria. This may not be unconnected with the US’ discovery and utilisation of Shale oil and gas. Following...

U.S. stock index futures were slightly higher on Thursday after the European Central Bank cut interest rates to record lows while indicating further monetary policy actions will follow. * Seeking to combat deflation, the ECB cut the deposit rate to...

General Motors Co (GM.N) has found senior executives were not to blame for a delayed vehicle recall involving defective ignition switches linked to at least 13 deaths, a person familiar with the matter told Reuters on Thursday. The report by...

Global trading houses and banks are scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concern grows that a crackdown on commodity financing could hit trade in the world's top metal...

Microblogging platform Twitter Inc has been in talks with Berlin-based audio sharing website SoundCloud in its efforts to add a music service to its offering, the Financial Times reported citing people familiar with the matter. Twitter has weighed up deals...

Sprint Corp S.N has agreed to pay about $40 per share to buy T-Mobile US Inc, a person familiar with the matter said, marking further progress in the attempt to merge the third and fourth-biggest U.S. mobile network operators. The...

Turkey has lifted its ban on YouTube, two months after blocking access to the video-sharing site. The move comes after the country's highest court ordered authorities to restore access, saying the ban violated laws on freedom of expression. The ban was...

Chinese state media lashed out at Google Inc, Apple Inc and other U.S. technology companies on Wednesday, calling on Beijing "to punish severely the pawns" of the U.S. government for monitoring China and stealing secrets. U.S. companies such as Yahoo...

When Walmart pledged last year to buy an extra $250 billion in U.S.-made goods over the next decade, it appeared to be just what was needed to help move America's putative manufacturing renaissance from rhetoric to reality. But suppliers trying...