With crude oil prices hitting five-year lows, investors are scrambling to gauge the impact of the sharp drop in petroleum costs on companies beyond the energy sector.
North America
Bank on 'Super Mario' to give Europe a monetary jolt
From his office on the 41st floor of the gleaming new European Central Bank headquarters, Mario Draghi's view stretches far beyond Frankfurt's high-rise financial center and he doesn't like what he sees.
Cisco Systems sues rival for infringement of network patents
Network equipment maker Cisco Systems Inc filed two lawsuits on Friday against Arista Networks Inc, accusing the smaller rival of copying its networking technologies.
Sony investigator says cyber attack 'unparalleled' crime
Forensics experts hired by Sony Corp to investigate the massive cyber attack at its Hollywood studio said the breach was unprecedented, well-planned and carried out by an "organized group," according to an email obtained by Reuters on Saturday.
Gold lending rates roar back after jobs data
The cost of lending gold returned to positive territory on Friday for the first time in over a month, capping a dramatic week-long recovery, as robust U.S. jobless data reinforced expectations of higher interest rates next year.
Latest News
U.S. broadcasting companies CBS Corp and Dish Network Corp reached a multiyear deal on Saturday with CBS agreeing to continue to deliver its programs to Dish's 14 million subscribers.
U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.
Amazon.com's launch of its own private label brand of consumer goods, starting with diapers and baby wipes, underscores the website's maturity as a grocery retailer and the migration of grocery shopping online.
Senator John McCain said a more than 90-year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction.
U.S. energy firms are swiftly shifting drilling rigs away from less productive areas and hunkering down in sweet spots of North Dakota and Texas shale oil fields as they try to lift output and cut costs in response to the toughest crude market in years.
CBS programming will no longer be available to Dish subscribers in New York, Los Angeles, San Francisco and other markets, after CBS Corp (CBS.N) and Dish Network Corp (DISH.O) failed to agree on a new contract.
Global oil prices slid further on Friday, with Brent on track for the first weekly close below $70 a barrel since 2010, as strong U.S. employment data did little to lift the oil market's bearish mood a day after Saudi Arabia cut official selling prices.
The U.S. Marshals Service on Thursday received more than two dozen bids for 50,000 bitcoins seized from the alleged owner of Silk Road, an Internet black-market bazaar on which authorities say drugs and other illegal goods could be bought.
Barnes & Noble Inc (BKS.N) struck a deal to buy Microsoft Corp's (MSFT.O) stake in Nook Media LLC, ending a two-year partnership and clearing the way for the bookseller to spin off its loss-making e-reader and digital content division.
