Business

The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill. GM's recall of 1.6 million vehicles, due to an ignition-switch problem linked to...

… Clarifies Position On Alleged $22.8bn Missing Fund SAN FRANCISCO, March 20, (THEWILL) – In an apparent clarification of its position on the alleged $22.8bn missing oil money at the Nigerian National Petroleum Corporation (NNPC), during a recent legislative presentation,...

Toyota Motor Corp will pay a record $1.2 billion to resolve a criminal probe into safety issues, in a deal that could serve as a template for how U.S. authorities approach a similar investigation into General Motors Co. The settlement...

Bruno Guillon quit as chief executive of Mulberry (MUL.L) on Thursday, less than two months after the British luxury fashion company issued a major profit warning which hammered its shares. Godfrey Davis, who is currently non-executive chairman and was previously...

Bank of America Corp (BAC.N) is laying off workers at its global trading and investment banking divisions, Bloomberg reported quoting three people with direct knowledge of the decision. The job cuts would affect less than five percent of employees at...

Companies have inquired in the past month about regulations that would govern exchanges for bitcoin derivatives, a top U.S. regulator said on Wednesday, a sign such virtual currencies could become a more mainstream financial product. Regulators have stepped up their...

SAN FRANCISCO, March 19, (THEWILL) – President Goodluck Ebele Jonathan Wednesday appointed new Group Executive Directors for the Nigerian National Petroleum Corporation to fill critical vacancies which currently exist in the Corporation, a Presidency statement announced. The President’s Special Adviser...

… Block Makers Commend Dangote Cement For Initiative BEVERLY HILLS, CA, March 19, (THEWILL) - Dangote Cement Plc has clarified that the reason for the introduction of the higher cement grade the 52.5N, was to offer consumers variety of choices...

Asian share markets were mostly lower on Wednesday, with investors still observing the Ukraine/Crimea crisis and ahead of a closely-watched Federal Reserve policy review later in the session. European shares were set for a flat start, with financial spreadbetters expecting...

The U.S. Justice Department has reached a $1 billion settlement with Toyota Motor Corp over the automaker's handling of consumer complaints tied to unintended vehicle acceleration and is set to announce the agreement as early as Wednesday, CNN reported. Sources...