Business

BEVERLY HILLS, CA, July 17, (THEWILL) - The Borno State Government has declared that it has a very good case against a former Information Commissioner in the state, Inuwa Bwala, who has been slammed with a N2billion libel suit. Counsel to...

Gold held above a one-month low on speculation the biggest decline this year may spur demand as holdings in the largest exchange-traded product backed by the metal expanded to the highest level since April. Bullion for immediate delivery rose as...

Wall Street bank Morgan Stanley's (MS.N) quarterly adjusted earnings more than doubled as stronger performances by its investment banking and wealth management businesses more than made up for a fall in revenue from bond trading. Net income attributable to common...

A tightening of Western sanctions on Russia rattled world markets on Thursday, sending Moscow stocks and the ruble tumbling and lifting traditional safe-haven currencies and bonds. The new U.S. sanctions announced late on Wednesday effectively shut off longer-term dollar funding...

Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and...

U.S.-based cable group Liberty Global (LBTYA.O) has bought BSkyB's (BSY.L) 6.4 percent stake in ITV (ITV.L), Britain's biggest free-to-air commercial broadcaster, boosting its shares on hopes of a wider bid. Billionaire John Malone's Liberty, which bought British cable operator Virgin...

BEVERLY HILLS, CA, July 16, (THEWILL) - The Ministry of Power and the Nigerian Electricity Regulatory Commission (NERC) Wednesday disagreed on the proposed bill seeking to establish the Nigerian Electricity Management Services Authority (NEMSA). The Permanent Secretary Ministry of Power, Mr....

… Loan Is Despite N968.127 billion 2014 Defence Budget BEVERLY HILLS, CA, July 16, (THEWILL) - President Goodluck Jonathan Wednesday sent a letter to the Senate and the House of Representatives seeking approval to secure a loan of $1 billion (about...

Samsung Electronics Co Ltd (005930.KS) is losing smartphone ground not only to cheaper Chinese rivals but also at the high end to Apple Inc (AAPL.O), a survey showed, in an ominous sign for the South Korean giant as Apple...

Inc cannot seem to part ways with Alibaba. And with Yahoo's business continuing to deteriorate, some Wall Street analysts say it is hard to blame the company. Yahoo said on Tuesday that it would keep a bigger-than-expected chunk of its...