Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company. Yang’s abrupt departure comes two weeks after Yahoo appointed Scott Thompson its […]

The World Bank warned Wednesday of a possible slump in global economic growth and urged developing countries to prepare for shocks that could be more severe than the 2008 crisis. The bank cut its growth forecast for developing countries this year to 5.4 percent from 6.2 percent and for developed […]

The apex regulator of the Nigerian capital market, Securities and Exchange Commission (SEC) has hammered 106 market operators for various market offences, in line with its resolve to instil discipline and make the market more attractive to investors. THISDAY checks last Monday revealed that the operators were punished for the […]