Staples Inc (SPLS.O) reported weaker-than-expected quarterly results on Wednesday on dismal sales in international markets such as Europe and Australia, prompting the largest U.S. office supply retailer to cut its outlook for the year.
Shares of Staples tumbled 12.4 percent...
Kidney Island is a small detached piece of land off UTC junction in Port-Harcourt city of Rivers State. The Island was predominantly occupied by people of low income in what was usually referred to as the “water front”. But...
The mega rally of Nigerian women held in Abuja has come and gone, leaving fond memories of one of the biggest women’s events in Nigeria’s history. The summit of the women has been adjudged a huge success. It was...
The roll-call of those conferred with the Senior Advocate of Nigeria (SAN) title in the country could just as well read as the makers of the nation. Starting from the very beginning with Chief Rotimi Williams and Nabo Graham-Douglas,...
As debates shift from issues of good governance to electoral calculations and permutations towards 2013, it is important that civic-minded citizens keep in focus and sustain public debate on pending disturbing developments in Anambra State.
If we say we prefer...
Stocks inched up on Tuesday after the market's longest losing streak this year, with major retailers leading gains on positive profits and outlooks.
In the absence of major economic news recently, equity trading has been linked to U.S. Treasuries, whose...
A federal judge has approved a settlement in which Citigroup Inc agreed to pay bondholders $730 million to resolve claims that the bank concealed its exposure to billions of dollars of toxic mortgage assets prior to the financial crisis.
U.S....
Glencore Xstrata (GLEN.L) took a $7.7 billion hit on mining assets acquired in its takeover of Xstrata, drastically reducing the value of projects in the early stages of development.
The diversified trader and miner announced the writedown as it posted...
J.C. Penney Co Inc's (JCP.N) sales continued to fall sharply last quarter as shoppers balked at the fancier items in its relaunched home-goods section, but there were signs the retailer was winning back customers this back-to-school season.
The company on...
Barnes & Noble Inc's founder on Tuesday pulled the plug on his plan to buy the company's bookstores and the chain posted a deeper quarterly loss, sending its shares down as much as 16 percent in early trading.
The quarterly...
