Business

BEVERLY HILLS, CA, April 09, (THEWILL) –  A witness in the on-going trial of Rocky Energy Limited and four others implicated in a N789.6million subsidy scam Tuesday told a Lagos State High court presided over by Justice Lateefa Okunnu...

As the smartphone action shifts to the mass market, leaders Samsung Electronics Co Ltd and Apple Inc are under pressure to make their high-end phones more affordable to revive sales. And that may spell trouble for already-softening margins. Samsung, which...

South African retailer Woolworths Holdings Ltd (WHLJ.J) is set to buy Australia's second-largest department store David Jones (DJS.AX) for $2 billion, trumping an offer from Australian rival Myer Holdings Ltd (MYR.AX) with a hefty premium. The deal, the biggest for...

General Motors, which has recalled 2.6 million cars for faulty ignition switches that caused air bags to deactivate, may also have a defect in air bags in 2003 to 2010 Chevrolet Impalas, an auto safety watchdog group said on...

Samsung Electronics Co Ltd on Tuesday said it is on track to post its second straight quarter of profit decline, as slowing smartphone sales growth continued to weigh on earnings. The South Korean tech giant estimated that its January-March operating...

A U.S. jury ordered Takeda Pharmaceutical Co Ltd to pay $6 billion in damages over claims that it concealed cancer risks associated with its Actos diabetes drug, the plaintiffs' lawyer said on Tuesday. The massive award was met with "stunned...

General Motors Co (GM.N) is expected to announce on Tuesday a $450 million investment plan in two of its Michigan plants to bolster its electric car research and production capabilities, the Detroit News reported, citing people familiar with the...

Chairman of the House of Representatives Committee on Finance, Hon. Abdulmumin Jibrin, has cautioned the All Progressives Congress (APC) against its call on the National Assembly to probe the crude oil-for-petroleum-products barter programme and particularly beam its searchlight on...

SAN FRANCISCO, April 07, (THEWILL) – President Goodluck Ebele Jonathan Monday approved the appointment of Mr. Ikechukwu Oguine as the Coordinator, Legal Services and Company Secretary of the Nigerian National Petroleum Corporation (NNPC). Mr. Oguine who has over 29 years...

U.S. airlines received fewer complaints from passengers last year but did a worse job handling baggage, a study has shown. The annual national Airline Quality Rating (AQR), which ranks airlines on several metrics based on U.S. Department of Transportation figures,...