Business

U.S. and Canadian customers of failed Tokyo-based bitcoin exchange Mt. Gox have agreed to settle their proposed class action lawsuits that alleged the company defrauded them of hundreds of millions of dollars. The class action plaintiffs agreed to support a...

Samsung Electronics Co Ltd's smartphone shipments rose 28 percent to 89 million units in the first quarter, but the world's top handset maker lost market share to Chinese and other rivals, research firm Strategy Analytics said on Tuesday. Samsung's smartphone...

The trial of Fred Ajudua on charges of defrauding two Dutch businessmen of 1.69 million dollars could not proceed on Monday at the Lagos High court, Ikeja owing to the absence of the prosecution witness. The Economic and Financial Crimes...

BEVERLY HILLS, CA, April 28, (THEWILL) – A Federal High Court sitting in Abuja will Tuesday, continue hearing in the suit filed by the Petroleum Resources Minister Diezani Allison-Madueke and the Nigerian National Petroleum Corporation (NNPC) to stop the...

Asian shares wavered in choppy trade on Monday after an uninspiring performance on Wall Street and amid increasing tension in Ukraine, which kept risk appetite in check and helped bolster the safe-haven yen. Pro-Russian rebels paraded European monitors they are...

Toyota Motor Corp. (7203.T) will restructure its marketing organization in California, the company said on Sunday. Many of Toyota's more than 5,000 California-based employees are based at a complex outside of Los Angeles that houses the company's marketing operations, Toyota...

A British exit from the European Union could wreck London's position as the only financial center to rival New York and isolate the country's economy, research ordered by a lobby group for banks and money managers showed. Prime Minister David...

BEVERLY HILLS, CA, April 26, (THEWILL) – As the country’s power sector reforms continue in earnest, the Federal Government has unveiled a whopping $300 million risk guarantee incentive to woo prospective foreign investors into the sector. This, according to the...

Most of the thousands of shoe factory workers who staged one of China's biggest strikes over the past two weeks have returned to work after the company agreed to some of their core demands. Hong-Kong-listed Yue Yuen Industrial Holdings Ltd...

Wary of brokers who make their money by "riding the calendar" of new stock and bond issues rather than patiently building the firm's wealth management business, Morgan Stanley (MS.N) is cracking down where it hurts the most: compensation. Since April...