Business

Microsoft Close To Naming CEO, Ford’s Mulally Stays Put

FORD MOTOR CO. CEO ALAN MULALLY Microsoft Corp (MSFT.O) is closer to naming a new chief executive, according to a source familiar with the board's thinking, but it lost a front-runner candidate on Tuesday when Ford Motor Co's (F.N) chief,...

Apple Seeks Removal Of Court-Appointed Antitrust Monitor

Apple Inc is seeking the removal of a lawyer appointed by a court to monitor its antitrust compliance following a ruling last year that the company had conspired to fix e-book prices. An attorney for the consumer technology giant on...

Dangote’s Worth Surges $9.2b In 2013, Records Highest Gain In Africa

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SAN FRANCISCO, January 07, 2014, (THEWILL) –  Aliko Dangote, Africa’s richest person and the President of Dangote Group, one of the continent’s largest conglomerates is estimated to have added a whopping $9.2 billion during 2013 outgone year. He remains...

Zenith Bank Closes 2013 As Most Capitalised Banking Stock

In the year 2013, Zenith Bank plc was the banking stock with the highest market capitalisation at the Nigerian Stock Exchange (NSE). Market capitalisation is the product of total number of paid-up shares and current market price. An analysis of...

Asian Shares Falter To Near 4-Month Low, Dollar Regains Strength

Asian shares fell to a near four-month low on Tuesday, though the dollar rebounded after overnight weakness on disappointing U.S. services sector data that raised concerns about stuttering growth in the world's largest economy. MSCI's broadest index of Asia-Pacific shares...

Ex-UBS Bank Executive To Enter Plea In Tax Fraud Case

ATTORNEY AARON MARCU (R) A former high-ranking UBS banker charged with helping Americans dodge taxes through secret Swiss bank accounts is expected to plead not guilty on Tuesday to tax fraud conspiracy in federal court in Florida. Raoul Weil, a 54-year-old...

China Service Industry Index Falls After Manufacturing Declines

A China services index fell to a four-month low in December, highlighting limits on the strength of economic growth after declines in manufacturing gauges. The non-manufacturing Purchasing Managers’ Index slid to 54.6 in December from 56 in November, the Beijing-based...

T-Mobile To Buy Verizon Spectrum For $3.3 Billion, Eyes More Purchases

T-Mobile US Inc (TMUS.N) is buying wireless airwave licenses from Verizon Wireless to improve its high-speed network in a $3.3 billion deal and said it hopes to follow up with more spectrum purchases. Shares in T-Mobile, majority owned by Deutsche...

Intel Shows Off Wearable Gadgets As Chipmaker Expands Beyond PCs

Intel CEO Brian Krzanich showed off wearable computing devices on Monday including earbuds that monitor your heart rate and a smart headset as the world's largest chipmaker tries to get back on track after missing out on smartphones. With PC...

Samsung Electronics Profit View Widely Misses Estimates On Huge Bonus Payout

Samsung Electronics earned less than even the most conservative analyst forecast in October-December after handing out an estimated $1 billion in bonuses to mark 20 years since its chairman set it on the road to becoming a global behemoth. The...