Business

PHILLIPS ODUOZA, UBA GMD   BEVERLY HILLS, CA, January 28, (THEWILL) – United Bank for Africa Plc (UBA) has extended US$700 million (N113 billion) in funding to different investors towards the acquisition of power assets in Nigeria’s recently privatized power sector....

Wall Street edged modestly higher on Tuesday after a three-session decline on the S&P 500, but market sentiment was weighed by an unexpected drop in durable good orders in December and disappointing iPhone sales at tech giant Apple. REUTERS

Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock. This year was to have been Apple Inc's watershed moment in China,...

U.S. single-family home prices in November rose slightly more than expected from the previous month, while their increase from a year ago was the biggest in almost eight years, a closely watched survey said on Tuesday. The S&P/Case Shiller composite...

Ford Motor Co (F.N) on Tuesday posted a higher-than-expected quarterly profit as a strong performance in the No. 2 U.S. automaker's core North American market offset losses in Europe and South America. The company also affirmed the 2014 profit outlook...

Investors are pursuing more lawsuits accusing companies of fraud, according to a new study, but filings may plunge if the U.S. Supreme Court decides soon to remake the legal landscape. Plaintiffs filed 166 federal securities lawsuits seeking class-action status in...

Emerging markets led a global sell-off in risky assets on Monday as European stocks followed sharp falls in Asia and safe-haven assets such as the yen and gold rallied. Concerns about China's economic slowdown and its shadow banking sector, coupled...

Google Inc said on Sunday it had agreed to acquire privately held artificial intelligence company DeepMind Technologies Ltd. Technology news website Re/code, which reported news of the deal earlier, said the price was $400 million, without disclosing where it got...

Indonesian budget airline Lion Air said on Monday it planned to cancel an order for five Boeing Co (BA.N) 787 aircraft and replace them with smaller 737 models. The carrier said it needed widebody aircraft to accommodate more than the...

U.S. mobile operator AT&T on Monday ruled out buying Vodafone for the next six months after an enquiry by Britain's takeover panel following months of speculation, sending its shares down 6 percent. AT&T had sparked speculation that it could be...