Business

Dollar Surges As Fed Ends QE On Hawkish Note

The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying program. The decision was widely expected, but a relatively hawkish tone to the accompanying...

Businesses, Trade To Support U.S. Third-Quarter Growth

A robust pace of business spending likely buoyed U.S. economic growth in the third quarter, a sign corporate chieftains have confidence in the sustainability of the recovery. Gross domestic product likely grew at a 3.0 percent annual pace, according to...

Wall St. Flat As Materials Offset Energy; Facebook Slips

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U.S. stocks were little changed on Wednesday as a drop in basic materials shares offset gains in the energy sector, with traders looking ahead to a statement from the U.S. Federal Reserve as it winds down its stimulus program. The...

Chrysler Recalling 381,876 Ram Trucks For Fire Hazard

Fiat Chrysler Automobiles NV's Chrysler Group said on Wednesday it is recalling 381,876 Ram trucks mostly in the United States to correct a potential fire hazard. Chrysler said in a statement that problems with 2010-2014 Ram 2500 and 3500 pickups...

Facebook Spending Gets Thumbs Up From Analysts – If Not Investors

Another day, another quarterly report from a technology company that disappointed investors. Facebook Inc's shares fell as much as 7.4 percent to $74.78 in early trading on Wednesday, a day after the company revealed aggressive spending plans for 2015. But analysts...

Jonathan Approves New Deputy Group Managing Director For NNPC

SAN FRANCISCO, October 28, (THEWILL) – President Goodluck Jonathan Tuesday approved Mr. Bernard O.N. Otti, as the new Deputy Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), a new position created “In furtherance of ongoing efforts to...

Alibaba’s Ma Says Open To Working With Apple On Payments

Alibaba Group Holdings Ltd (BABA.N) executive chairman Jack Ma said he's open to working with Apple Inc (AAPL.O) on mobile payments, as China's richest person prepares to call on Hollywood this week in search of media partners. Alibaba affiliate Alipay...

T-Mobile Posts Record Subscriber Growth But Losses Bigger Than Expected

T-Mobile US Inc (TMUS.N) on Monday posted record subscriber growth in the third quarter on the back of aggressive marketing campaigns, but booked wider-than-expected losses due to the cost of integrating its MetroPCS network. The fourth-largest wireless carrier in the...

Twitter Users And Engagement Disappoint, Shares Dive

Twitter Inc posted a disappointing 7 percent slide in a closely watched measure of engagement even though its user base grew 23 percent in the third quarter, triggering a more than 9 percent decline in its stock on Monday. The...

Apple CEO Fires Back As Retailers Block Pay

Apple Inc (AAPL.O) CEO Tim Cook fired back at CVS (CVS.N) and Rite Aid (RAD.N) on Monday after the drugstore chains blocked the iPhone maker's mobile payments service, saying there were plenty of other retailers around the world to...
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Tinubu Doesn’t Live Large — NRS Boss Fires Back At Critics, Says President Walks To Work, Eats Once Daily, Debunks $279m Fraud Allegation

Describing the allegations as entirely false, Adedeji said they were the handiwork of individuals determined to discredit him and weaken public confidence in the Tinubu administration.
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