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GSK to invest in new factories and drug R&D in Africa

GlaxoSmithKline plans to make new investments in additional factories and drug research in Africa, its chief executive said on Sunday, as the pharmaceuticals group broadens its bet on promising emerging… Read more »

BlackBerry loss less than feared, but revenue plunge worries

BlackBerry Ltd reported a smaller-than-expected loss on Friday as new chief executive John Chen slashed costs, but a 64 percent drop in revenue underscored the challenge he faces in turning… Read more »

UBA Announces Resignation of Two Directors

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-One of Nigeria’s leading lenders, United Bank for Africa Plc, (UBA) Wednesday announced the resignations of Emmanuel Nnorom and Abdulkadir Bello as non-executive directors. The… Read more »

Facebook to buy virtual reality goggles maker for $2 billion

Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever… Read more »

Cisco joins cloud computing race with $1 billion plan

Cisco Systems Inc plans to offer cloud computing services, pledging to spend $1 billion over the next two years to enter a market currently led by the world’s biggest online… Read more »

JPMorgan top China banker Fang to leave amid hiring probe

JPMorgan Chase & Co’s (JPM.N) chief executive for China investment banking, Fang Fang, will leave the firm, according to an internal memo – a departure that comes amid a probe… Read more »

Vodafone agrees $10 billion deal to buy Spain’s Ono

Vodafone Group Plc has agreed to buy Spain’s largest cable operator Ono for 7.2 billion euros ($10 billion), in the latest move by the British group to rebuild its European… Read more »

Alibaba Said to Plan to File for U.S. IPO as Soon as April

Alibaba Group Holding Ltd. is preparing to file for an initial public offering in the U.S. as soon as April, according to people with knowledge of the matter. China’s largest… Read more »

Mollenbach Resigns from Honeywell Board on Health Grounds

By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Conglomerate, Honeywell Flour Mills Plc, Friday announced the resignation of Erik Mollenbach from its board based on health grounds. Mollenbach was non-executive director of the… Read more »

Ecobank grew too fast, says biggest shareholder

Ecobank Transnational Incorporated grew too fast in a short space of time, its biggest shareholder said on Wednesday, potentially signalling a slowdown in the rapid expansion that has taken the… Read more »