Business

The minister of Petroleum Resources will henceforth have a say in all divestments of assets in the upstream sector of the nation’s oil and gas industry by any operator. Consequently, any divestments in the sector must comply strictly with the...

Bank of America Corp, the No.2 U.S. bank, reported a stronger-than-expected quarterly profit, driven by a steep fall in mortgage losses and provisions to cover bad loans. Fourth-quarter net income applicable to shareholders rose to $3.18 billion, or 29 cents...

U.S. stock index futures rose on Wednesday, indicating the S&P 500 will build on its biggest gain in nearly a month, after earnings from Bank of America and ahead of data on inflation and manufacturing. Bank of America (BAC.N) shares...

General Motors Co's (GM.N) new executive team expects a slight uptick in pretax profits this year, but said margins likely will remain flat until 2015. A new management team led by Chief Executive Officer Mary Barra and President Dan Ammann...

Intel Corp (INTC.O), hit by slumping personal computer sales, has put off opening a major chip factory that President Barack Obama once held up as an example of U.S. manufacturing potential. The "Fab 42" facility built in Chandler, Arizona, originally...

U.S. stock index futures advanced on Tuesday, a day after the S&P 500 suffered its biggest drop in two months, as investors digested earnings from JPMorgan and Wells Fargo and prepared for retail sales data. The benchmark S&P index .SPX...

Charter Communications Inc on Monday formally offered to acquire larger rival Time Warner Cable for $37.3 billion, sparking what is likely to be a contentious battle for control of the No. 2 U.S. cable operator. Charter, the No. 4 cable...

Global shares fell on Tuesday as weak earnings pre-announcements in the United States fuelled worries that the upcoming reporting season may disappoint, leaving some indexes looking expensive after a bumper 2013. The dollar steadied against a basket of six major...

Google Inc took its biggest step to go deeper into consumers' homes, announcing a $3.2 billion deal to buy smart thermostat and smoke alarm-maker Nest Labs Inc, scooping up a promising line of products and a prized design team...

BEVERLY HILLS, CA, January 13, (THEWILL) –  In furtherance of Dangote Group’s pan-African expansion drive, not less than five cement plants belonging to Dangote Cement and spread across five countries in Africa will be completed this year, the Company...