Business

World number-one platinum producer Anglo American Platinum (AMSJ.J) is to sell a swathe of its most labor-intensive South African mines after a five-month strike shattered its hopes of ever making them profitable. The mines account for over half of the...

BlackBerry Limited (BB.TO) named Marty Beard as its chief operating officer on Monday, filling a position that had been vacant since November following a management reshuffle. Beard was most recently chief executive officer of LiveOps Inc, a provider of cloud...

Volatility spiked on Thursday after the tragedy of a downed civilian jetliner in Ukraine and the mounting death toll in Gaza and Israel interrupted the summer trading slumber. Still, the bears may have to wait a while to call the...

A federal judge declined on Friday to dismiss antitrust lawsuits filed against Visa Inc and MasterCard Inc by retailers who opted out of an estimated $5.7 billion class action settlement in 2012 over transaction fees. Retailers such as Target Corp...

Nigerian drinks company Chi Ltd is exploring options including a potential sale that could value it at as much as $1 billion, according to sources familiar with the matter. A sale of Chi, part of the unlisted conglomerate TGI Group,...

U.S. stocks rebounded modestly on Friday, after the S&P 500 suffered its worst decline since April 10, but the benchmark index remained on track for a second straight weekly decline. Investors will continue to keep a close eye on geopolitical...

After more than a year of scaling back in commodities, Morgan Stanley (MS.N) is ready to expand. The Wall Street bank plans to hire about a dozen traders, sales staff and other professionals in the United States. It's building up...

Google Inc (GOOGL.O) (GOOG.O) is the best placed of any company to benefit from the shift to mobile, increased local advertising and wearables, analysts said after the search giant posted its 18th straight quarter of 20 percent-plus revenue growth. At...

Mitsubishi Motors Corp (7211.T) is recalling cars made with Takata Corp (7312.T) air bags, the ninth automaker to do so in the United States. In a filing posted on Friday with the U.S. National Highway Traffic Safety Administration, Mitsubishi said...

SAN FRANCISCO, July 17, (THEWILL) – The governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has disclosed that about 200 Bureau De Change (BDCs) operators have applied for operating licenses in compliance with the new guidelines issued...