Business

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

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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...

Penney Monthly Same-Store Sales Rise For First Time Since 2011

J.C. Penney Co Inc (JCP.N) on Thursday reported its first monthly same-store sales gain in nearly two years on the back of deep discounts and the decision to resume stocking merchandise that the retailer's long-time shoppers liked. Shares were up...

New Siemens Chief Promises Share Buyback Before Strategy Plan

New Siemens (SIEGn.DE) Chief Executive Joe Kaeser promised shareholders a big share buyback on Thursday, but asked for more time to produce a new strategy as he aims to steady the industrial giant after a boardroom battle. Kaeser, a conservative...

Twitter Set To Debut, IPO Is 30 Times Subscribed

Twitter Inc's initial public offering, which will start to trade on the New York Stock Exchange on Thursday, drew strong demand with investors asking for 30 times the number of shares that were on offer, according to two sources...

ECB Cuts Rates To New Low, Signals Readiness For Further Action

The European Central Bank cut interest rates to a new record low on Thursday, responding to a slump in inflation, and said it would prime banks with liquidity for longer to prevent the euro zone's recovery from stalling. The euro...