Business

Hyundai Motor To Launch First Battery-Powered Electric Car In 2016

Hyundai Motor Co plans to start selling its first battery-powered electric vehicle (EV) in 2016 as South Korea's champion of fuel-cell cars hedges its bets in next-generation green technology. Hyundai has leant toward engines which turn hydrogen into electricity in...

Dangote Is First In Africa With New 52.5N Higher Grade Cement

SAN FRANCISCO, March 10, (THEWILL) – As the debate rages over the quality of cement produced in the country, leading manufacturers of the commodity, Dangote Cement Plc Monday raised the bar further when it launched a much higher grade...

Wall Street Opens Lower After S&P’s Record Close

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U.S. stocks opened slightly lower on Monday, on the heels of a record high for the S&P 500, following unexpectedly weak data from China that tempered enthusiasm over the strength of the global economy. The Dow Jones industrial average .DJI...

Disappointing China Exports Halt Stocks, Hammer Commodities

World stocks paused near a six-year peak and commodities from copper to crude tumbled on Monday as surprisingly weak Chinese trade data rattled investors already on edge over the crisis in Ukraine. Relief that Crimea remained largely calm over the...

EBay Asks Shareholders To Vote Against Lcahn Board Nominees

EBay Inc in a preliminary proxy statement on Monday urged its shareholders to vote against the two directors whom activist investor Carl Icahn nominated to its board. The e-commerce company said that both nominations were rejected by its board's Corporate...

Chrysler Recalls More Than 25,000 SUVs For Braking Issue

Chrysler Group LLC said it is recalling 25,250 Jeep and Dodge sport utility vehicles globally to address a braking issue. Chrysler, a unit of Fiat Chrysler Automobiles (FIA.MI), said the recall is being done to improve pedal feel during certain...

Norwegian Air Expecting Delay On Boeing 787s To Be A Few Weeks-Report

Norwegian Air (NWC.OL) was expected to have four Boeing (BA.N) 787 Dreamliners delivered this spring but delivery may now be delayed for a few weeks after Boeing reported finding some wing cracks, daily newspaper Aftenposten said on Monday. Boeing said...

Bonga Oil Spill: No Litigation Against Shell, Say N’Delta Communities

BEVERLY HILLS, March 09, (THEWILL) – The alleged attempt by Shell Nigeria Exploration and Production Company (SNEPco) to delay payment of compensation to the Niger Delta communities impacted by its December 2011 Bonga oil spill disaster may have hit...

A Washing Machine Factory Tests Italy’s Industrial Future

The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. It is one of the many symbols of Southern Europe's industrial decline. Today, however, the...

EU Aims For Deal On Tackling Failing Banks Next Week

European Union governments and parliamentarians will try to reach a compromise this week on how to wind down failing banks, in marathon talks intended to settle who decides to close banks and who picks up the bill. A deal in...