WASHINGTON (Reuters) - President Barack Obama vowed on Friday to respond to a devastating cyber attack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for caving in to what he described as a dictator trying to impose censorship in the United States.
DETROIT(Reuters) - General Motors Co has developed contingency plans in case recalls of potentially lethal Takata-made air bag inflators widens, forcing the U.S. automaker to repair millions of vehicles, the company said on Friday.
NEW YORK (Reuters) - Oil prices jumped more than 5 percent on Friday for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months, and lighter-than-usual pre-holiday volume exaggerated the move higher.
NEW YORK (Reuters) - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.
GENEVA (Reuters) - The European Union opened a new front in a decade-old dispute over aircraft subsidies on Friday, launching a complaint at the World Trade Organization alleging illegal tax breaks in Boeing's home state of Washington.
(Reuters) - The U.S. National Labor Relations Board on Friday filed complaints against McDonald's Corp and its franchises for alleged labor violations, including the illegal firing and intimidation of staff who protested working conditions.
SAN FRANCISCO (Reuters) - U.S. inflation will likely still be "well below" the Federal Reserve's 2-percent target next year, but that won't stop the central bank from raising interest rates, a top policymaker said on Friday.
BANGKOK (Reuters) - Thai Union Frozen Products PCL , the world's biggest producer of canned tuna, has agreed to buy U.S. competitor Bumble Bee Seafoods for $1.5 billion as part of a plan to double revenue through overseas acquisitions.