SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.
Regions
Draghi says euro zone governments need to redouble reform efforts
National governments in the euro zone need to redouble their reform efforts to create a "genuine" economic union, ECB Mario Draghi wrote in a German magazine published on Saturday after the European Central Bank's bond-buying programme was unveiled.
Germany's defense minister criticizes Airbus over new A400M delays
Germany's defense minister has criticised Airbus (AIR.PA) over new delays in the delivery of A400M military transport planes, saying the company had a serious problem with product quality.
Low pay, few jobs cost women in poor countries $9 trillion a year: charity
Women in poor countries lose out on $9 trillion a year - more than the combined gross domestic products of Britain, France and Germany - because they are paid and employed less than men, ActionAid said on Friday.
Greek anti-austerity party holds lead before Sunday elections
Greece's leftist Syria party held onto its opinion poll lead on Friday as it campaigns to form the first euro zone government committed to scrapping austerity outright after elections this weekend.
Latest News
For years he was a lone voice in the aviation industry despite being one of its best-known economists, a Cassandra-like figure whose warnings of a slump in oil prices went unheeded.
Kimberly-Clark Corp (KMB.N) is set to increase advertising and promotional spending for its diapers and launch new products in an escalating war with bigger rival Procter and Gamble Co (PG.N) in North America.
The U.S. Food and Drug Administration has approved NPS Pharmaceuticals Inc's drug Natpara to treat a rare hormone disorder, validating a bet by Shire Plc, which recently agreed to acquire NPS for $5.2 billion.
Russian banks with at least 25 billion roubles in capital and willing to increase lending to key sectors of the economy will be able to participate in a 1 trillion rouble ($15.65 billion) recapitalization plan, Russia announced on Friday.
U.S. home resales rebounded in December, but continued low participation by first-time buyers in the market suggested the housing recovery would remain gradual for now.
The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan.
Expedia Inc (EXPE.O) has acquired online travel agency Travelocity from technology company Sabre Corp (SABR.O) for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues.
U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes.
Low borrowing costs, currency shifts and the hunt for both cost savings and growth opportunities will drive a steady flow of merger and acquisition deals this year despite geopolitical tensions, according to business leaders meeting this week.
