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Singapore must mind the cracks in 2016

With its increasing use of personal data and IoT, Singapore needs to pay attention to potential cracks in the system or risk more outages such as those in the nation's transport and e-government networks.

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Singapore must mind the cracks in 2016

Last-minute cold weather brings little relief to U.S. apparel

Apparel retailers saw a boost of no more than $200 million in sales from cold weather just before the new year, and with product markdowns above 50 percent, it will be very difficult to make up margins in the coming months, industry researchers said. Shoppers came out…

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Last-minute cold weather brings little relief to U.S. apparel

Oil ends 2015 down 35 percent; long, painful hangover seen

NEW YORK/LONDON (Reuters) – Oil prices rose on Thursday but fell as much as 35 percent for the year after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may …

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Oil ends 2015 down 35 percent; long, painful hangover seen

Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

European planemaker Airbus has won a deal to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings Inc in a deal valued at about 150 billion yen ($1.25 billion), the Nikkei reported. Orders for Airbus A380s have dried up in recent years reflecting a fundamental shift in…

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Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

Delta’s pilots union seeks big wage hike as profits surge: Bbg

(Reuters) – The union representing Delta Air Lines Inc's pilots is seeking a wage hike of about 40 percent compounded over three years as the carrier's profits surge, Bloomberg reported, citing a memo from the Air Line Pilots Association. The union is taking a more aggressive stance in negotiations with the Atlanta-based airline after two-thirds of the pilots previously…

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Delta’s pilots union seeks big wage hike as profits surge: Bbg

Apple shares to close year with worst performance since 2008

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years. *

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Apple shares to close year with worst performance since 2008

Honda confirms ninth death linked to Takata airbag

By David Shepardson WASHINGTON (Reuters) – Honda Motor Co confirmed on Thursday that a Takata airbag inflator ruptured in a July crash of a Honda Accord and likely led to the death of the young driver, the ninth death in the world linked to the faulty inflators. After an inspection of vehicle components in cooperation with regulators, Honda said it “confirmed that the Takata driver’s front airbag inflator ruptured” and “injuries related to this airbag inflator rupture likely resulted in the tragic death of the underage…

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Honda confirms ninth death linked to Takata airbag

American Airlines merges operations of unit U.S. Airways

(Reuters) – American Airlines Group Inc said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013. American Airlines Group, the owner of American Airlines, said U.S. Airways Group and its airline U.S. Airways ceased to exist as a separate entity effective Dec. 30, 2015. “With US Airways merged into American Airlines and U.S. Airways Group merged into American Airlines Group, all of their obligations (including debts and liabilities) become…

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American Airlines merges operations of unit U.S. Airways

Jobless claims rise sharply during holiday week

The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors. Initial claims for state unemployment benefits rose 20,000to a seasonally adjusted 287,000 for the week ended Dec.26, the U.S. Labor Department said on Thursday. Many economists expect a slower pace of job market improvement in 2016 even as the unemployment rate falls further from its current 5 percent.

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Jobless claims rise sharply during holiday week

U.S. hedge fund founder is denied early release in insider case

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Wednesday rejected hedge fund manager Doug Whitman's request to end his two-year sentence for insider trading early while he pursues his latest appeal of his 2012 conviction. U.S. District Judge Jed Rakoff said it would be unfair to release the Whitman Capital LLC founder from the Sacramento, California, halfway house where he was moved this month just because he is only five months away from possible freedom…

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U.S. hedge fund founder is denied early release in insider case

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