Business

Ukraine’s Largest Bank Suspends Cash Operations In East

Ukraine's largest bank has temporarily closed branches in separatist-held Donetsk and Luhansk, saying it could no longer carry out cash transactions in regions riddled with crime that could "threaten the lives" of its workers. Pro-Russian separatists have targeted Privatbank, after...

U.S. Jury Orders Smartphone Maker Samsung To Pay Apple $120 Million

A U.S. jury on Friday ordered Samsung Electronics Co Ltd to pay $119.6 million to Apple Inc, far less than Apple had sought and marking a big loss for the iPhone maker in the latest round of their globe-spanning...

Bill Gates On Track To Own No Microsoft Stock In Four Years

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Bill Gates, the former chief executive and chairman of Microsoft Corp, will have no direct ownership in the company he co-founded by mid-2018 if he keeps up his recent share sales. Gates, who started the company that revolutionized personal computing...

Honda To Double Number Of Models In China

Honda Motor Co (7267.T) will double the number of car models it sells in China over the next two years to try to capture market share from rivals such as General Motors Co (GM.N), Japan's Nikkei newspaper reported on...

U.S. Payrolls Surge In April, Jobless Rate Hits 5-1/2 Year Low

U.S. job growth increased at its fastest pace in more than two years in April and the unemployment rate dived to a 5-1/2 year low of 6.3 percent, suggesting a sharp rebound in economic activity early in the second...

AstraZeneca Rejects Pfizer’s Raised Bid Of $106 Billion

U.S. drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to 63 billion pounds ($106 billion) on Friday, but the British company promptly rejected the proposal, which would create the world's biggest pharmaceuticals company. AstraZeneca's board said the offer "substantially...

Twitter Stock Slumps 50 Percent As Goldman, Deutsche Bank Still Say `Buy’

Twitter Inc investors who heeded the advice of high-profile banks such as Goldman Sachs Group Inc and Deutsche Bank AG to buy the social media company's shares might be kicking themselves. Much more accurate calls were made by Wells Fargo,...

Google Faces Antitrust Lawsuit On U.S. Mobile Internet Search

Consumer rights law firm Hagens Berman said it filed a nationwide antitrust class-action lawsuit against Google Inc alleging the company "illegally monopolized" the Internet and mobile search market in the United States. The lawsuit alleges that Google has expanded its...

Uduaghan Calls For National Master Plan For SMEs

SAN FRANCISCO, May 01, (THEWILL) – Delta State Governor, Dr. Emmanuel Uduaghan has advocated a national master plan for the development of small and medium scale industries to stimulate economic growth and boost employment. Governor Uduaghan who made the call...

Discounts Help T-Mobile Add More Customers

T-Mobile US Inc said it added a net 2.4 million customers in the first quarter, up from 579,000 a year earlier, as the company's aggressive discounts won over customers. The No. 4 U.S. mobile operator's revenue rose 47 percent to...
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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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