Business

Bank of America Corp (BAC.N) is laying off workers at its global trading and investment banking divisions, Bloomberg reported quoting three people with direct knowledge of the decision. The job cuts would affect less than five percent of employees at...

Companies have inquired in the past month about regulations that would govern exchanges for bitcoin derivatives, a top U.S. regulator said on Wednesday, a sign such virtual currencies could become a more mainstream financial product. Regulators have stepped up their...

SAN FRANCISCO, March 19, (THEWILL) – President Goodluck Ebele Jonathan Wednesday appointed new Group Executive Directors for the Nigerian National Petroleum Corporation to fill critical vacancies which currently exist in the Corporation, a Presidency statement announced. The President’s Special Adviser...

… Block Makers Commend Dangote Cement For Initiative BEVERLY HILLS, CA, March 19, (THEWILL) - Dangote Cement Plc has clarified that the reason for the introduction of the higher cement grade the 52.5N, was to offer consumers variety of choices...

Asian share markets were mostly lower on Wednesday, with investors still observing the Ukraine/Crimea crisis and ahead of a closely-watched Federal Reserve policy review later in the session. European shares were set for a flat start, with financial spreadbetters expecting...

The U.S. Justice Department has reached a $1 billion settlement with Toyota Motor Corp over the automaker's handling of consumer complaints tied to unintended vehicle acceleration and is set to announce the agreement as early as Wednesday, CNN reported. Sources...

Oracle Corp posted higher third-quarter revenue and profit that failed to satisfy investors looking for signs of a sustained turnaround and its shares fell about 4 percent. Shareholders had grown more optimistic after Oracle's previous quarterly results, but still worried...

Sony Pictures Entertainment plans to cut 216 jobs in California and has filed with the state Employment Development Department, according to a person familiar with the matter. Reuters reported on Monday that Sony Pictures is expected to announce layoffs throughout...

China drew $19.3 billion in foreign direct investment (FDI) in the first two months of 2014, up 10.4 percent from a year earlier, the Commerce Ministry said on Tuesday, indicating a sharp slowdown in February due to the Lunar...

Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institutions and...