Business

Toyota Motor Corp's (7203.T) Indian unit has temporarily closed its two plants where some workers had stopped production lines to protest a delay in salary hikes after 10 months of negotiations. The factories near Bangalore are Toyota Motor's only vehicle...

The suspended governor of Nigeria’s apex bank, Lamido Sanusi on Sunday responded to allegations of financial recklessness levelled against him by the Financial Reporting Council of Nigeria and the Federal Government. In a lengthy statement, Sanusi stressed on the achievements...

A US regulator has sued 16 banks for allegedly manipulating the London interbank offered rate (Libor). The Libor rate is used to set trillions of dollars of financial contracts, including mortgages and financial transactions around the world. The regulator said the...

Facebook founder Mark Zuckerberg called President Obama on Wednesday night to express frustration about the government's spying and hacking programs. "When our engineers work tirelessly to improve security, we imagine we're protecting you against criminals, not our own government," Zuckerberg...

…  Petition By Staffers Leaked Details Of Over N2 billion In Contracts Handed To Proxies Within 3yrs BEVERLY HILLS, March 13, (THEWILL) – The Minister of Communications Technology, Mrs. Omobola Johnson ordered the removal of the Managing Director of the Nigerian...

UBS (UBSN.VX) hiked chief executive Sergio Ermotti's pay by a fifth last year to 10.73 million Swiss francs ($12.30 million), according to the Swiss bank's annual report published on Friday. But UBS's highest paid executive was investment banking chief Andrea...

 ULI HOENESS Germany's center-left deputy chancellor hailed the jail sentence for tax evasion handed to Bayern Munich soccer boss Uli Hoeness and said the directors of Swiss banks that hide such funds should be hauled before the courts. "I hope we...

The Panama Canal Authority has signed a deal to end a major dispute over the multibillion-dollar expansion of the waterway, an official said on Thursday, raising hopes that the consortium behind the project will follow suit before the week...

...Senate C'ttee concludes probe, adjourns sine die BEVERLY HILLS, March 13, (THEWILL) – The Group Managing Director, (GMD) of the Nigerian National Petroleum Corporation (NNPC), Engr. Andrew Yakubu, on Thursday declared that no money is missing from its coffer contrary...

A U.S. judge wrestled on Thursday with a U.S. Justice Department request that Bank of America Corp pay $2.1 billion in penalties after being found liable for fraud over defective mortgages sold by its Countrywide unit. In a second hearing...