Business

Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade. The world's largest software company reported a 7 percent dip in quarterly profit on Tuesday,...

U.S. regulators are expected to adopt rules on Wednesday that force "prime" money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value (NAV)...

Shanghai police said on Wednesday they detained five people in an investigation into a Chinese-based supplier of foreign fast-food brands, including KFC, McDonald's Corp and coffee chain Starbucks Corp, over allegations the firm supplied old and rotten meat. The five...

The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. McDonald's Corp and KFC's parent Yum Brands Inc apologized...

Apple, once a can't-miss stock, is finding it tough to persuade portfolio managers to come back into the fold. The company's shares are up 17 percent for the year, nearly three times the performance of the benchmark Standard & Poor's...

Coca-Cola Co reported a 3 percent fall in quarterly net profit due to restructuring of its juice operations in Russia and the separation of its Brazilian bottling operations last year. The company's net income attributable to shareholders fell to $2.60...

Apple Inc has asked suppliers to manufacture between 70 million and 80 million of its two forthcoming large-screen iPhones by the end of the year, its largest initial production run of iPhones, the Wall Street Journal reported, citing people...

SAN FRANCISCO, July 21, (THEWILL) – The Petroleum Training Institute (PTI) Effurun chapter of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has threatened to drag the PTI management before the Economic and Financial Crimes Commission (EFCC)...

McDonald's Corp and Yum Brands Inc are facing a new food safety scare in China, denting the fast food giants' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their...

U.S. stock index futures edged lower on Monday as developments in Ukraine and Middle East looked to dominate trading amid a thin economic calendar. The death toll from the two-week conflict topped 500 amid growing international calls for a ceasefire,...