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Transcorp hinges future growth on strategic investments

Transnational Corporation of Nigeria Plc has said that the company is further set on the path of profitability following the strategic investments it made last year. The Chairman of the company, Mr. Tony Elumelu, stated this at the company’s 6th Annual General Meeting in Abuja on Friday. A statement from […]

Bank of America Starts Mortgage Reduction Effort

Bank of America has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an average of $150,000 each. The reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage […]

Facebook’s Zuckerberg kicks off investor show in NY

Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network’s slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company’s $10 billion initial public offering. Wearing his trademark “hoodie” sweatshirt, jeans and sneakers, the 27-year-old chief […]