Business

Sharper Display Apple IPad Mini Faces Delay

iPad Mini with a high-resolution "retina" display this month, people who work in the company's supply chain said, leaving the gadget without the sharper screen found on rival tablets from Google Inc and Amazon.com Inc. Apple's supply chain is only...

Exclusive: Cargill Close To Agreeing Purchase Of ADM Cocoa Unit

Cargill Inc CARG.UL, one of the world's leading cocoa traders, is in the final stages of a deal to buy Archer Daniels Midland Co's (ADM.N) cocoa business, sources familiar with the situation said, creating a price-setting global giant. Combining two...

Insight: Pre-Electoral Feuding Threatens Nigeria’s Economy

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In Nigeria, as elsewhere, foreign exchange markets can be a barometer of internal strife, so when central bank governor Lamido Sanusi noticed a surge in dollar demand at forex bureaux in July, he feared something was amiss. The bank found...

Adidas Calls In Fitness Experts To Revive Reebok

Reebok is turning to sponsorship deals with prominent fitness groups to try to revive a venerable name that has faded since it became part of Germany's Adidas (ADSGn.DE) sportswear group eight years ago. The sports shoe and clothing brand is...

German Joblessness Unexpectedly Rises In September

German unemployment rose unexpectedly in September on a seasonally adjusted basis but remained close to its lowest level since reunification more than two decades ago. The Labour Office said on Tuesday the increase - to the highest level since May...

Nestle Signs 10 Billion Euro Syndicated Loans

Nestle (NESN.VX) has signed two syndicated loans totalling 10 billion euros ($13.54 billion) which will be used for general corporate purposes, the company said on Tuesday. The deal consisted of two 5 billion euro revolving credits. One of the loans...

Shell Plans To Sell Stake In Eagle Ford Shale

Royal Dutch Shell plans to sell its 106,000-acre stake in the Eagle Ford shale formation in South Texas, the Wall Street Journal reported on Sunday. Shell's decision comes after it took a $2.2 billion charge against its U.S. shale business...

N.Y. Attorney General Settles With Payday Loan Companies

New York Attorney General Eric Schneiderman's office said on Monday it had reached settlements with five companies over charges of violating the state's usury and licensed lender laws through the collection of so-called payday loans. New York law limits interest...

Toshiba To Cut 3,000 Staff In Ailing TV Division

Toshiba Corp (6502.T) said on Monday it would cut 50 percent of staff in its loss-making TV unit and cease production at two of its three overseas factories before the end of this fiscal year. Toshiba said it would increase...

Wall Street Braces For Volatility As Shutdown Seems Likely

As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline. The House of Representatives...
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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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