Business

As the most prominent trade group pushing adoption of the electronic currency Bitcoin begins its annual conference on Friday, it is being roiled by controversy. At least 10 members of the nonprofit Bitcoin Foundation have resigned over last week's election...

SAN FRANCISCO, May 15, (THEWILL) – Six years after Justice Marcel Awokulehin sensationally struck out all 170-count charge of money laundering preferred against former governor of Delta State, James Onanefe Ibori by the Economic and Financial Crimes Commission, EFCC,...

GlaxoSmithKline Plc (GSK.L) executive Mark Reilly had little inkling he would be charged with leading a network of corruption in China's pharmaceutical industry, two sources with ties to the businessman and knowledge of the investigation said. The allegations against the...

The number of people flying on U.S. airlines will rise this summer, aided by a record level of international travelers, an industry group said on Thursday. Airlines for America, a lobbying association for U.S. airlines, forecasts that about 210 million...

AT&T Inc (T.N) is working with investment bank Lazard Ltd (LAZ.N) as it negotiates a potential takeover of DirecTV (DTV.O), the country's top satellite TV operator, according to people familiar with the matter. AT&T is in active discussions to buy...

SAN FRANCISCO, May 14, (THEWILL) – Justice Rita Ofili-Ajumogobia of a Federal High Court sitting in Lagos was on Wednesday, May 14, 2014 told that a prosecution witness in the trial of a former Minister of Aviation, Mr. Femi Fani-Kayode...

…Agency Not Under Any Threat of Sanction BEVERLY HILLS, CA, May 14, (THEWILL) – The Nigerian Financial Intelligence Unit, NFIU has received special commendation for its commitment to the fight against money laundering and terrorist financing. The commendation was the highpoint...

‎BEVERLY HILLS, CA, May 14, (THEWILL) – A Federal High Court has been asked to quash the suit filed against the Central Bank of Nigeria (CBN) and the suspended governor of the bank, Mallam Sanusi Lamido Sanusi, by some...

Sony Corp said it would step up a broad restructuring this year to tackle bloated costs and exit some unprofitable businesses, hoping to put behind it years of persistent losses. The Japanese consumer electronics giant, which warned on Wednesday of...

The European Central Bank is preparing a package of policy options for its June meeting, including cuts in all its interest rates and targeted measures aimed at boosting lending to small- and mid-sized firms (SMEs). Five people familiar with the...