SINGAPORE (AP) — Oil prices rose Monday as another winter storm pummeled the U.S. with snow, sleet and freezing rain — weather conditions that were expected to boost fuel demand.
Around a foot (30 centimeters) of snow had fallen on parts of the Chicago area, with 10 inches (25 centimeters) in Vermont. The U.S. National […]
The row between China’s largest drinks maker, Wahaha, and Danone has grown, with Wahaha’s trade union saying it is suing the French firm.
A lawsuit has been filed in Weifang, a city in eastern China’s Shandong province, seeking 10m yuan ($1.4m; £0.7m) in damages.
Danone has claimed Wahaha has been illegally selling copies of its drinks, contrary […]
The cable news network CNN Worldwide plans to increase its staff of correspondents by 10 percent as part of a multimillion-dollar investment to increase its ability to produce its own reports, the news network said yesterday.
CNN Worldwide, a unit of Time Warner, said it would invest almost $10 million to add 15 or 16 correspondents […]
The Carlsberg and Heineken consortium raised its offer for Scottish & Newcastle by 30p a share today, valuing the Scottish-based brewer at £7.3 billion.
Carlsberg called the new offer a “full and fair” price, pointing out that it valued the group at a considerable premium to its value as an independent entity.
The increased offer sent Scottish […]
Oil prices have risen to fresh highs due to a combination of the weak dollar, supply concerns in Mexico and continued tensions in northern Iraq.
In early Asian trading on Monday, US light crude broke through $93 a barrel for the first time, hitting $93.20 before easing back slightly to $93.06.
London’s Brent also hit a new […]
Crude oil prices briefly crossed above the $90-a-barrel threshold today on the New York Mercantile Exchange, setting a record and coming very close to an inflation-adjusted record, too.
The price for November delivery fell back to $89 by noon, a level that still defied the predictions of many veteran oil analysts.
“The surge in oil markets […]
HONG KONG (MarketWatch) — Asian indexes declined Friday on concerns that high energy prices could hurt global economic growth as crude-oil futures topped $90 a barrel for the first time and as exporters and financials lost ground in Japan.
The futures contract for November delivery hit an intraday high of $90.02 a barrel in electronic trading […]
BERLIN, Germany (AP) — The 13-nation euro hit a new all-time high Friday against the U.S. dollar, breaking through the previous record, set a day earlier, as the U.S. currency remained under pressure.
In morning European trading, the euro bought $1.4319 — surpassing the mark of $1.4310 set Thursday — before settling back slightly to […]
Airbus is set to hand over its first finished A380 “superjumbo” to Singapore Airlines on Monday, 18 months behind schedule.
The construction of the A380, able to carry up to 800 passengers, has been beset by persistent and costly delays.
It has also been overshadowed by allegations of insider trading against managers at parent company EADS.
Chief executive […]
Apparently putting your iPhone in airplane mode is not the digital equivalent of returning your seatback to the upright position.
A flight attendant for ATA Airlines recently asked a flier watching a movie midflight on the way to Hawaii to shut off his iPhone, not for the perfectly reasonable reason that the man was watching the […]
