Business

Apple’s IPhone Sales, Holiday Quarter Up For Scrutiny

Apple Inc's iPhone sales and revenue forecasts, due to be released on Monday, may offer clues as to whether its low-cost 5C model missed the mark or whether the world's largest tech company can continue its run of smash-hit...

Toyota Keeps Top Spot In Auto Sales Rankings, Outselling GM, VW

Toyota Motor Corp (7203.T) kept its lead over rivals General Motors Co (GM.N) and Volkswagen AG (VOWG_p.DE) this year, January-September global sales figures showed, as the Japanese carmaker closes in on a record annual profit. Toyota's groupwide sales totaled around...

UBA Global Investor Services Is Nigeria’s Custodian Bank of the Year

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BEVERLY HILLS, CA, October 25, (THEWILL) – UBA Global Investor Services, a Division of United Bank for Africa (UBA) Plc set up in September 2007 to process securities trades, safe-keep financial assets and service associated portfolios has won this year’s...

Union Bank Of Nigeria Plc Announces CBN Approval Of Compliance Plan

… Plan to Divest Interests in Portfolio Companies Approved … Divestments Will Support Bank’s Transformation Goal of Providing Superior Banking Services to Customers and Maximising Value for Stakeholders SAN FRANCISCO, October 25, (THEWILL) – Union Bank of Nigeria Thursday reported to...

Twitter IPO Pegs Valuation At Modest $11 Billion

Seeking to avoid a repeat of Facebook Inc's much-maligned public debut, Twitter Inc revealed more modest ambitions, saying its initial offering would raise up to $1.6 billion and value the company at up to about $11 billion. The valuation was...

Stock Futures Drift Near Record High, Earnings And Data In Focus

U.S. stock index futures were little changed on Friday, with the S&P 500 slightly below its record high, as Amazon and Microsoft rallied after reporting results. The U.S. Commerce Department releases durable goods orders for September at 8:30 a.m. EDT...

Procter & Gamble Profit Meets Expectations

Procter & Gamble Co's (PG.N) quarterly profit met Wall Street's expectations on Friday helped by growth overseas, cost cuts and a lower tax rate, and the world's largest household products maker maintained its financial forecasts for the year. Shares of...

Japan Industrial Output Expected To Recover On Domestic Demand

Japanese industrial output is expected to have rebounded in September, fuelled by strong domestic demand and business investment, a Reuters poll showed, highlighting the strength of the economy as government policies bolster growth. Indicators of Labor demand, consumer spending and...

Barclays Found Liable In $300 Million Black Diamond Dispute

British bank Barclays Plc (BARC.L) breached a derivative agreement with a Black Diamond Capital Management unit and must return an estimated $297 million in collateral to the hedge fund, a divided New York state appeals court ruled on Thursday. Barclays...

Icahn Says To Withhold Shares From Proposed Apple Buyback

Billionaire investor Carl Icahn said he would withhold his shares of Apple Inc from a $150 billion buyback that he has proposed for the iPhone maker. "There is nothing short-term about my intentions here," Icahn wrote in a letter to...