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Reserves Rise over Reduced Funding for Forex

  By Emele Onu, 07.18.2010    Nigeria’s external reserves rose to $38.53 billion last weekend, from about $37 billion at the end of June, 2010, which represented about 3 per cent rise within just a fortnight.  Analysts attributed the rise to the shortfall in demand for foreign exchange, which they […]

Bank of America earns $2.78B in 2nd quarter

    Bank of America earns $2.78 billion in second quarter as loan losses ease , AP Business Writer, On Friday July 16, 2010, 8:54 am   NEW YORK (AP) — Bank of America said Friday its second-quarter net income rose 15 percent to $2.78 billion as improvements in the […]

Dell: SEC staff to recommend accounting settlement

  Dell says SEC staff to recommend settlement in long-running accounting investigation   On Friday July 16, 2010, 10:06 am EDT   ROUND ROCK, Texas (AP) — Computer maker Dell Inc. said Friday it’s getting closer to settling investigations by regulators into its accounting and the actions of CEO Michael […]