North America

U.S. airlines confront cheap oil's flip side: costly hedges

Some major U.S. airlines including Delta and Southwest are rushing to finance losing bets on oil and revamp fuel hedges as tumbling crude prices leave them with billions of dollars in losses, according to people familiar with the hedging schemes.


P&G to sell soap brands Camay and Zest to Unilever

Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.

U.S. FCC pauses Comcast-Time Warner merger review until January 12

U.S. Federal Communications Commission on Monday once again paused its review of the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, citing delays in getting documents from Time Warner Cable.

Apple pushes first ever automated security update to Mac users

Apple Inc has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines.


Latest News

U.S. president Barack Obama has rejected the charge that he has been outmaneuvered by Russian president Vladimir Putin, saying in a TV interview due for broadcast later on Sunday that Putin was presiding over "a huge economic contraction" due to the Ukraine crisis.
This spring, Taser International Inc won a small but high-profile contract to supply body cameras to the London police. But the deal nearly collapsed over one issue: where the video footage would be stored.
The average price of a gallon of gasoline in the United States fell 25 cents in the past two weeks, tumbling to its lowest level in more than five-and-a-half years, according to the Lundberg survey released Sunday.
The United States has sought help from China, Japan, South Korea and Russia in combating cyber attacks such as the one Washington on Friday accused North Korea of carrying out against Sony Pictures, U.S. officials said.
Workers at planemaker Boeing's (BA.N) Everett plant near Seattle are following extra safety measures after three air bag-related accidents, including the death of a technician last month, the company said on Friday.
Office-supply retailer Staples Inc (SPLS.O) said about 1.16 million payment cards might have been affected by the data breach announced in October.
Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH subscribers, the two companies said on Saturday.
Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a holiday season that has so far produced mixed results.
Family Dollar Inc (FDO.N) will delay a shareholder vote on the potential acquisition by Dollar Tree Inc (DLTR.O), CNBC said, citing sources. Family Dollar will start the shareholder meeting and then adjourn it, CNBC said.
A merger between oilfield services provider C&J Energy Services Inc (CJES.N) with a unit of Nabors Industries Ltd. (NBR.N) can proceed, Delaware's supreme court ruled on Friday.