Browsing: Business & Economy News

US stocks finished higher for the week, even as intensifying concerns over Ukraine partially offset positive sentiment from some strong economic reports and accelerating Wall Street deal-making. All three indices posted increases. The Dow Jones Industrial…

Mexico’s state oil giant Pemex on Wednesday reported a nearly $2.7 billion loss in the first quarter. Pemex, which provides a third of Mexico’s government revenue, had a $327 million loss in the same quarter of 2013. The company saw a net loss of $12…

US stocks Monday finished mostly higher as investors absorbed new sanctions on Russia and looked ahead to a busy week of economic news and earnings. The Dow Jones Industrial Average advanced 87.28 points (0.53 percent) to 16,448.74. The broad-based…

French engineering group Alstom said on Sunday that it has suspended trading in its shares as expectations grew for a possible bidding war between industrial giants General Electric and Siemens. The announcement came after French President Francois…

London shares opened lower on Friday as airlines fell amid reports of a highjacking in Indonesia, dealers said. The benchmark FTSE 100 index lost 26.70 points or 0.40 percent to 6,676.30 points at 8:19 am. A passenger plane landed at Bali airport on…

Trading in shares in French engineering group Alstom was suspended on Friday, a day after the shares surged on rumours of a bid by US giant General Electric. “The shares are suspended as required by the AMF (financial market authority) until further…

London shares closed slightly lower on Wednesday despite strong eurozone data, dragged down by concerns about the Chinese economy amid anxiety about the Ukraine crisis. The benchmark FTSE 100 index slipped 0.11 percent compared to Tuesday’s closing…

US aerospace and defense giant Boeing raised its 2014 profit outlook Wednesday despite a first-quarter profit slide, citing strong demand for its new jetliners. A sharp rise in pension costs from a change in retirement plans offset Boeing’s robust commercial…

Nigeria’s forex and commodity trading business is becoming more competitive, with the entrance of Nigeria-based Forex broker, with a promise to simplify trading and make it more appealing to interested Nigerians. Abuja, Nigeria — (SBWIRE) — 04/22…

US pharmaceutical giant Eli Lilly said Tuesday it has reached an agreement to acquire the animal health division of Novartis of Switzerland for $5.4 billion (3.9 billion euros). In a statement Eli Lilly said the deal will strengthen and diversify its…

German software giant SAP said Thursday it is sticking to its full-year forecasts for 2014 after profits rose slightly in the first quarter. SAP said that net profit rose by 3.0 percent to 534 million euros ($739 million) in the period from January…

A New York regulator probing Credit Suisse’s role in enabling tax evasion has demanded a trove of additional documents from the bank, a person familiar with the situation said Tuesday. Benjamin Lawsky, New York’s superintendent of financial services…

Nigeria’s largest local search engine, VConnect has announced a strategic partnership with Stanbic IBTC, a leading banking conglomerate in Africa…

Wall Street stocks Monday moved higher in early trade following a big jump in US retail sales and a better-than-expected earnings report from Citigroup. About 30 minutes into trade, the Dow Jones Industrial Average advanced 62.81 points (0.39 percent…

Can investors get rich by backing Nigerian agriculture? An increasingly loud chorus of voices say that answering this question may be the most pressing challenge facing Africa’s most populous country, ahead of defeating Boko Haram Islamists or curbing…

Turkey’s prime minister said Saturday he will “go after” Twitter, accusing the site of tax-evasion, after it was used to spread damaging leaks implicating his inner circle in corruption scandals. “Twitter, YouTube and Facebook are international companies…

Brazil’s Petrobras has turned over documents sought by authorities investigating an alleged $4.5 billion money-laundering operation, the latest in a series of problems to plague the state oil giant. Petrobras CEO Graca Foster supplied federal police…

The outlook for the crisis-battered eurozone brightened Thursday as Germany’s leading economic think tanks raised their growth forecast for Europe’s top economy this year and next year. Greece, one of the hardest-hit euro members, also returned to the…

JAN-PRO International, a leading commercial cleaning franchise, continues to show rising development as they earn the #24 position in Franchise Direct’s exclusive global franchising list. This recognition is supported by JAN-PRO’s recent expansion…

ON SATURDAY, April 5th, South Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s statistician-general announced…