Business

Google To Sell Glass To Public Next Week

Google Inc will take online orders for its Glass wearable gadget on April 15, in its biggest push to get the $1,500 wraparound Web-ready glasses out to the U.S. public. For a limited time starting Tuesday, Google will make the...

BlackBerry May Consider Exiting Handsets, Eyes Investments

BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships. "If I cannot make money on...

Motorola Mobility Names Rick Osterloh As COO Ahead Of Lenovo Buy

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Motorola Mobility has named Rick Osterloh as its chief operating officer, reporting to the Motorola Operating Board at Google Inc until its acquisition by Lenovo Group Ltd is completed. The appointment was made public on Wednesday on Motorola's official blog...

Deutsche Bank Employee Was Suspended Over Singapore Central Bank Communication: Source

A Deutsche Bank (DBKGn.DE) employee responsible for its foreign exchange business with central banks was suspended because the bank identified potentially inappropriate communication with the Monetary Authority of Singapore, a source familiar with the matter said on Thursday. Kai Lew,...

Adoke Withdraws N10.2bn Libel Case Against Melaye

SAN FRANCISCO, April 09, (THEWILL) – Relief came on Wednesday for an anti-corruption crusader and former member of the House of Representatives, Mr. Dino Melaye, as the Attorney General of the Federation (AGF) and Minister of Justice, Mr. Mohammed...

Toyota To Recall 6.58 Million Vehicles For Steering, Seat Problems

Toyota Motor Corp will recall 6.58 million vehicles globally to fix faults in the steering and seats, a company draft statement showed on Wednesday, in one of the largest recalls to date in the global auto industry. The world's biggest...

World Bank Approves $140m For Nigeria Community Development

The World Bank has approved $140 million additional support for community development in Nigeria. Twenty six out of 36 states of the federation are to benefit from the project which will focus on the most vulnerable households in the country. A...

N789.6m Subsidy Scam: No Trace Of Rocky & Downstream Energy Vessel – Witness

BEVERLY HILLS, CA, April 09, (THEWILL) –  A witness in the on-going trial of Rocky Energy Limited and four others implicated in a N789.6million subsidy scam Tuesday told a Lagos State High court presided over by Justice Lateefa Okunnu...

In Smartphone Mass-Market, Samsung, Apple Have Margins On Their Minds

As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. And that may spell trouble for already-softening margins. Samsung, which...

South Africa’s Woolworths Set To Buy Australia’s David Jones For $2 Billion

South African retailer Woolworths Holdings Ltd (WHLJ.J) is set to buy Australia's second-largest department store David Jones (DJS.AX) for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd (MYR.AX) with a hefty premium. The deal, the biggest for...