Oil prices climb on Libya supply worries

Oil prices rose on Monday, after dropping for the past two sessions, as escalating clashes in Libya stoked worries about supply from the OPEC member.


AirAsia shares fall 7.8 percent, biggest drop in three years after plane goes missing

Shares in AirAsia fell 7.8 percent on Monday, their biggest one-day drop in more than three years after one of its aircraft went missing on its way to Singapore from the Indonesian city of Surabaya.

Lion Capital sends letter to American Apparel urging it to explore options

The board of American Apparel Inc (APP.A) has received a letter from British buyout firm Lion Capital, pushing it to explore strategic options include a sale, a source familiar with the situation said on Sunday.

For Qualcomm, China settlement may be just the beginning

The settlement of China's anti-trust probe into Qualcomm Inc is likely to intensify global scrutiny of the firm's highly profitable patent licensing business, and may even call into question its worldwide contracts with smartphone makers such as Apple and Samsung.


Latest News

Apple Inc (AAPL.O) said its iTunes store is now carrying Sony Corp's (6758.T) "The Interview", the film that angered North Korea and triggered a cyberattack against the studio.
A missing AirAsia jet carrying 162 people could be at the bottom of the sea after it was presumed to have crashed off the Indonesian coast, an official said on Monday, as countries around Asia sent ships and planes to help in the search effort.
Germany plans to expand the network of charging stations for electric cars across the country to help boost lackluster demand, a Transport Ministry paper seen by Reuters showed.
Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east, Russian officials said on Saturday.
A previously undisclosed hacking campaign against military targets in Israel and Europe is probably backed by a country that misused security-testing software t
The head of the panel of economic experts that advises the German government said on Sunday there was no reason for the European Central Bank (ECB) to start buying up sovereign bonds now to bolster euro zone growth.
U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report.
Sony Corp worked for a third day on Saturday to restore services to its PlayStation network as the FBI said it was looking into the disruption, which began on Christmas Day.
North Korea called U.S. President Barack Obama a "monkey" and blamed Washington on Saturday for Internet outages it has experienced during a confrontation with the United States over the hacking of the film studio Sony Pictures.
German Finance Minister Wolfgang Schaeuble expressed his reservations against the European Central Bank launching a bond buying stimulus program and praised Bundesbank president Jens Weidmann's arguments against such moves.