Business

Starbucks To Restate Results To Show Loss From Kraft Damages

Starbucks Corp said it would restate fourth-quarter results to show an operating loss of $2.12 billion to reflect damages related to its dispute with Kraft Foods. Starbucks shares were down 1.8 percent at $79.15 in trading before the bell. An arbitrator...

Oando Energy Resources Reaffirms Acquisition of Conoco Phillips’ Nigerian Assets

BEVERLY HILLS, CA, November 12, (THEWILL) – Oando Energy Resources(OER), an affiliate company of Oando PLC, focused on oil exploration and production in Nigeria, has expressed confidence in concluding the acquisition of the Nigerian oil and gas business of...

FirstBank Announces Acquisition Of West Africa Operations Of International Commercial Bank

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BEVERLY HILLS, CA, November 12, (THEWILL) – FirstBank Limited, a subsidiary of FBN Holdings Plc Monday announced the acquisition of a 100% equity interest in the West African operations of the International Commercial Bank (ICB) located in Ghana, Sierra...

Asian Shares Stabilize, China Reform Agenda In Focus

Asian shares inched higher on Tuesday after a three-day run of losses, with investors turning their attention to the Chinese Communist Party policy meeting for clues to its economic agenda for the next decade. The dollar rallied to a seven-week...

Dangote Sugar To Resume Exports In 2014

BEVERLY HILLS, CA, November 11, (THEWILL) – Towards meeting the national sugar master plan, Dangote Sugar Refinery Plc (DSR) is actively pursuing a backward integration policy with a target of producing a total of 1.5 million tonnes of sugar...

Africa’s Largest Gas City Worth $26B Underway In Delta State

… Uduaghan Calls For Cooperation Of Stakeholders To Ensure Its Success BEVERLY HILLS, CA, November 11, (THEWILL) –  A Stakeholders meeting to pave way for the construction of Africa's largest Industrial Gas city in Ogidigben, Warri South West Local Government...

JP Morgan Recommends UBA Shares Over 45% Upside Potential

BEVERLY HILLS, CA, November 11, (THEWILL) – Investors that take position on UBA shares now have the chance of making as much as 45% return over the next 12 months writes US based Investment banking giant, JP Morgan, in...

Twitter’s Goal In IPO : To Avoid Becoming Facebook

As Twitter Inc's (TWTR.N) chief financial officer planned the company's initial public offering this year, he had one overriding goal: to avoid becoming the next Facebook Inc (FB.O). Twitter CFO Mike Gupta grilled banks about how to sidestep the problems...

China Extends Graft Investigations To Shipping Industry

China's investigations aimed at rooting out corruption have now extended to the shipping industry, with China COSCO Holdings (1919.HK)(601919.SS) saying that one of its top executives is the subject of government inquiries. COSCO, China's largest bulk shipping company, announced on...

Wall St. To Open Higher After ECB Rate Cut; Twitter To Debut

U.S. stocks were poised for a higher open on Thursday, after an interest rate cut by the European Central Bank reinforced expectations global central banks will continue to take actions to buoy struggling economies worldwide. The European Central Bank cut...