Business

Dangote Shines At Lagos Trade Fair

…Customers, distributors, pupils throng subsidiaries’ Stand for free sampling SAN FRANCISCO, November 05, (THEWILL) –  Three days into its commencement, the Pan African conglomerate, the Dangote Group has stamped its presence in a big way at the on-going Lagos International...

2014 Budget: Imoke Presents N176.3B To Assembly

Senator Liyel Imoke(Middle) With Speaker And Deputy Speaker SAN FRANCISCO, November 04, (THEWILL) – Cross River State Governor, Senator Liyel Imoke Monday before the House of Assembly presented a budget of N176,310,968,801.07 (One Hundred and Seventy-Six Billion, Three Hundred and...

BlackBerry Abandons Sale Process, CEO Out

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TORONTO (AP) -- BlackBerry abandoned its sale process on Monday, and announced it will replace its chief executive. Fairfax, BlackBerry's largest shareholder with a 10 percent stake, said it won't buy the struggling smartphone company and take it private but...

ECB Easing Talk Lifts Shares, Pressures Euro

Increased prospects of a European Central Bank interest rate cut this year sent the euro to a six-week low on Monday and boosted the region's share markets, which extended gains on robust manufacturing data. A plunge in the currency bloc's...

GSK’s Chinese Executives, But Not Company, Likely To Face Charges In China

Chinese police investigating allegations of widespread corrupt practices at GlaxoSmithKline Plc (GSK) are likely to charge some of its Chinese executives but not the British drugmaker itself, legal and industry sources said. A charge against GSK itself would be a...

ECB’s Asmussen Says ESM Should Be Last Port Of Call For Banks

Europe's rescue fund should only be used in the last instance to help banks shore up their balance sheets, European Central Bank (ECB) Executive Board member Joerg Asmussen said on Monday. A bank's owners and the market should be tapped...

HSBC Says Helping With Forex Probe As Q3 Profits Rise

HSBC (HSBA.L) has become the latest major bank to confirm it is helping with a probe into possible manipulation of global currency markets, after reporting a 10 percent rise in quarter profits on Monday, aided by lower costs. HSBC said...

Google Lifts Post-Nokia Hopes With Finnish Data Center Investment

Google will invest another 450 million euros ($607 million) over the next few years in a data center in Finland, boosting a country struggling with Nokia's decline and weakness in its paper and steel industries. The investment is in addition...

Analysis – Facebook’s Ad Warning Sounds A Note Of Caution For Twitter

Facebook Inc's investors and other proponents of the social network like to say that it captures one of the greatest concentrations of human attention on the planet and thus offers a boundless opportunity for advertisers. But Facebook Chief Financial Officer...

U.S. Government Shutdown Dampens October Car Sales

The 16-day U.S. government shutdown in early October appeared to dampen consumers' appetite for new cars, as five of six automakers reporting monthly sales early on Friday missed analysts' expectations. U.S. October auto sales for the three Detroit-based automakers rose...