Business

Alibaba IPO Ranks As World’s Biggest After Additional Shares Sold

Alibaba's initial public offering now ranks as the world's biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares. The fees are equivalent to...

Chrysler Recalls 230,760 SUVs Globally For Fuel Pump Issue

Chrysler Group is recalling an estimated 230,760 sport utility vehicles globally to install a new part to prevent a fuel pump issue that could cause the vehicles to stall or not start. Chrysler, a unit of Fiat (FIA.MI), said it...

Siemens To Buy Dresser-Rand To Tap U.S. Shale Gas Boom

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Germany's Siemens (SIEGn.DE) has agreed to buy U.S. oilfield equipment maker Dresser-Rand (DRC.N) for $7.6 billion in cash, aiming to catch up with arch-rival General Electric (GE.N) in a booming U.S. shale gas market. The acquisition, which ranks among the...

Emirates Upgrades Aircraft on the Newly Launched Abuja Service

… Daily flights to operate with a Boeing 777-200ER SAN FRANCISCO, September 21, (THEWILL) – Only two months after launching its operations to Abuja, Emirates, a global connector of people and places, has announced it will upgrade the route’s operating aircraft...

As G20 Chases Growth Goal, Members Differ On How To Get There

Financial leaders of the Group of 20 top economies remain committed to chasing higher global growth, but were divided on how to achieve it as Germany pushed back at calls from the United States and others for more immediate...

Air France Pilots Extend Strike Until Sept. 26

Air France pilots have voted to extend their week-long strike over cost cuts and plans for the company's Transavia unit by a further four days until Sept. 26, the head of the SNPL union said on Saturday. More than four-fifths...

Some Consumers Say Apple Is Losing Its ‘Cool’ Factor

Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc (AAPL.O) would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple...

China Hands Drugmaker GSK Record $489 Million Fine For Paying Bribes

China fined GlaxoSmithKline Plc (GSK.L) a record 3 billion yuan ($489 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British...

SAP Buys Expenses Software Maker Concur For $7.3 Billion

Germany's SAP (SAPG.DE) has agreed to buy U.S. expenses software maker Concur (CNQR.O) for $7.3 billion in cash, strengthening its position in cloud computing but sending its shares down almost 3 percent on concern over the price. SAP has been...

S&P Nears Record As Fed Support Boosts Wall Street

U.S. stocks were higher in morning trading on Thursday, with the S&P 500 brushing against resistance at a record peak, a day after the U.S. Federal Reserve renewed its commitment to keeping interest rates low. The Fed said Wednesday at...
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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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