Business

Energy shares buoyed Wall Street on Wednesday as oil prices jumped after the United States and its allies appeared ready to attack Syria, raising concerns over global oil supplies. Selling pressure abated on equities following stocks' worst day since June...

Emerging stocks, bonds and currencies took another hammering on Wednesday as mounting expectations of Western action against Syria pushed up oil prices and drove investors to seek shelter in dollar assets. The United States and its allies appeared to be...

Switzerland has given the go-ahead to finalize a joint statement with the United States that it hopes will bring to an end a long, costly dispute over Swiss banks that have sheltered U.S. tax evaders. The government said on Wednesday...

SAN FRANCISCO, August 28, (THEWILL) – FBN Holdings Plc Tuesday reported its unaudited IFRS compliant results for the first half of the year which ended in June. The highlights of the Profit and loss of the publicly listed company are...

Wal-Mart Stores Inc said on Tuesday it will offer health insurance benefits to domestic partners of its U.S. employees starting next year. The world's largest retailer, based in Bentonville, Arkansas, also plans to begin to offer vision care to its...

The Securities and Exchange Commission will meet with heads of exchanges on September 12 to discuss last week's trading glitch with Nasdaq-listed stocks, the top U.S. securities regulator said on Tuesday. The meeting with SEC Chair Mary-Jo White would address...

U.S. stocks fell on Tuesday as signs grew of an impending military strike against Syrian President Bashar al-Assad's forces in retaliation for a chemical weapons attack on civilians last week. Western sources who attended a meeting in Istanbul between envoys...

Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co Inc, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed. Ackman's Pershing Square Capital Management sold 39.1 million shares, or...

SAN FRANCISCO, August 26, (THEWILL) - From a loss of N7.9billion in five months ended 31 December 2011, Keystone Bank Limited has posted a Profit-Before-Tax of N2.8billion for the year ended December 31, 2012, the bank said Monday in...

In the 1990s, U.S. banks came up with a clever idea: using life insurance to bet that their employees would eventually die. Now those wagers are coming back to haunt Wall Street banks for reasons that have little to...