Business

Hyundai Motor Unveils Small SUV Concept For China, To Launch This Year

South Korea's Hyundai Motor (005380.KS) on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world's biggest market. Hyundai said it...

Toyota To Launch China-Made Corolla, Levin Hybrids In 2015

Toyota Motor Corp (7203.T) plans to make and sell hybrid versions of its Corolla and Levin sedans in China next year, fitting them with locally-made components, in its first bid to entirely manufacture gas-electric hybrids outside Japan. The backdrop to...

Brazilian Tycoon Batista Investigated For Financial Crimes: Reports

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Brazil´s federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday. If the police probe leads to criminal charges against Batista, it...

AMR Loses Bid To Terminate Retiree Benefits

A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees. U.S. Bankruptcy Judge Sean Lane in New York rejected a motion...

World Bank Approves $150m For Nigerian Universities

10 Nigerian universities are to get 70 million dollar financial support, from the International Development Association funding. This is part of money approved by the board of directors of the World Bank to build and nurture specialized world-class higher education...

The Nation, Activist Lose Bid To Quash N750m Libel Judgement

SAN FRANCISCO, April 18, (THEWILL) – The bid by The Nation Newspapers and an Akure based activist, Morakinyo Ogele, to overturn the judgement of an Ado Ekiti High Court which awarded N750 million against them in favour of a...

Tech Workers Seek To Use Steve Jobs Evidence In Upcoming Trial On No-Hire Accords

Four large technology companies should not be allowed to limit evidence about Apple Inc co-founder Steve Jobs at an upcoming trial over no-hire agreements in Silicon Valley, according to a court document filed late on Thursday by employees suing...

Ford, IBM To Face Renewed U.S. Lawsuit Over Apartheid-Era Abuses

Ford Motor Co (F.N) and IBM Corp (IBM.N) will again have to face a U.S. lawsuit claiming they encouraged race-based human rights abuses in apartheid-era South Africa, despite a series of recent court decisions limiting the right to pursue...

Facebook Launches Friend-Tracking Feature

Your phone always knows where you are. And now, if you want, your Facebook friends will always know where you are, too. Facebook is introducing a mobile feature called Nearby Friends that taps into that steady stream of location information...

Google, IBM Results Raise Questions About Other Tech-Sector Companies

Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks. The two companies,...