Business

the largest U.S. office supplies retailer, forecast a fall in current-quarter sales as it loses customers to mass market chains and e-retailers, and the company said it would close up to 225 stores in North America by 2015. Staples' shares...

Morgan Stanley (MS.N) has sold its majority stake in Accelerate Acquisitions, the parent company of British car provider Zenith, to UK private equity fund HgCapital for 3.8 times its original investment. Morgan Stanley said on Thursday that the sale by...

SAN FRANCISCO, March 05, (THEWILL) - The Economic and Financial Crimes Commission (EFCC) Wednesday appealed to the House of Representatives to appropriate adequate funds for the completion of its headquarters in Abuja. EFCC chairman, Mr. Ibrahim Lamorde, made the appeal...

BEVERLY HILLS, March 05, (THEWILL) – The All Progressives Congress (APC) has urged the Federal Government to level up with Nigerians on the reasons for the ongoing debilitating fuel scarcity that has further compounded the pains of Nigerians. In a...

Commodity trader and miner Glencore (GLEN.L) confirmed on Tuesday its interest in buying oil assets that oil major Shell (RDSa.L) is selling in Nigeria. A source said last month that Glencore and commodity trading house Mercuria were among the short-listed...

Barclays (BARC.L), Deutsche Bank (DBKGn.DE) and three other banks have been accused in a lawsuit of manipulating the London gold fix, a benchmark used throughout the $20 trillion market for the metal, Bloomberg reported. Kevin Maher, a New York resident...

Sometime soon, maybe in the next month or so, a federal judge is expected to decide whether the creation of the world's biggest passenger airline, as envisioned by two companies and the U.S. Justice Department, was really a good...

Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo-based Mt. Gox, once the world's dominant...

Standard Chartered's (STAN.L) boss said he had no plans to raise capital from shareholders or cut the dividend, saying his bank had strong capital "on any measure" despite a drop in profits and a challenging outlook. Asked whether he had...

Morgan Stanley (MS.N) is weighing the sale of its private bank in Switzerland which manages roughly 10 billion Swiss francs ($11.28 billion) in assets, a source close to the matter told Reuters. The U.S. bank is looking at several options,...