Business

Google Lifts Post-Nokia Hopes With Finnish Data Center Investment

Google will invest another 450 million euros ($607 million) over the next few years in a data center in Finland, boosting a country struggling with Nokia's decline and weakness in its paper and steel industries. The investment is in addition...

Analysis – Facebook’s Ad Warning Sounds A Note Of Caution For Twitter

Facebook Inc's investors and other proponents of the social network like to say that it captures one of the greatest concentrations of human attention on the planet and thus offers a boundless opportunity for advertisers. But Facebook Chief Financial Officer...

U.S. Government Shutdown Dampens October Car Sales

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The 16-day U.S. government shutdown in early October appeared to dampen consumers' appetite for new cars, as five of six automakers reporting monthly sales early on Friday missed analysts' expectations. U.S. October auto sales for the three Detroit-based automakers rose...

Chevron Earnings Hurt By Refining; Output Below Target

Refining weakness led to a surprise decline in Chevron Corp's (CVX.N) quarterly profit, and oil and gas well output increased but remained below target, sending the company's shares down 2 percent. Capital spending is running ahead of budget, while production...

UBA Grows Loan Book By 26.7%, As Comprehensive Income Hits N48.74 Billion

GMD UBA, PHILLIPS ODUOZA,   BEVERLY HILLS, CA, October 31, (THEWILL) – United Bank for Africa Plc (UBA) released its nine months financial results Thursday, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of...

Facebook Shares Recover As Investors Shrug Off Falling Usage

Facebook Inc shares steadied on Thursday after wobbling in the wake of post-earnings comments by company executives about slowing use and a strategy of not increasing the frequency of ads shown to users. Facebook shares breached the $50 mark in...

Stock Futures Dip As Fed Remarks Digested; Facebook Gains

U.S. stock index futures edged lower on Thursday, suggesting the market's rally may have run out of steam, as investors digested recent comments from the Federal Reserve. The central bank said Wednesday it had a weaker growth outlook for the...

Sony Slashes Profit Outlook With TV Business Back In Red

Sony Corp cut its full-year profit targets after slipping to a quarterly net loss as its recovering TV operation relapsed into the red. The Japanese electronics maker's worse-than-expected performance, a setback after years of striving to return to its former...

BOJ Raises GDP Forecast, Holds Line On Inflation

The Bank of Japan stopped short of officially forecasting it could raise inflation to 2 percent in two years after a review on Thursday, but said it was on track to reach its target and would maintain its massive...

Total Profit Falls As European Refining Hurts

BEVERLY HILLS, CA, October 31, (THEWILL) – French oil company Total (TOTF.PA) reported a 19 percent drop in third-quarter adjusted net profits to 2.7 billion euros ($3.72 billion) on Thursday, hit by low refining margins in Europe and higher...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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