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Qantas Airways Ltd Chief Executive Joyce reacts during a media conference in SydneyBy Siva Govindasamy SINGAPORE (Reuters) - Qantas Airways said on Thursday that it has converted orders for 21 Airbus A320 aircraft into the re-engined A320neo variant and deferred the delivery by four years. The decision will help cut capital expenditure at Qantas. The carrier reported a record annual loss of A$2.8 billion ($2.6 billion) on Thursday, partly due to A$2.6 billion that it wrote off the value of its fleet following a company restructuring. Earlier this year, Qantas deferred the delivery of its final eight Airbus A380 jumbo jets as it reviewed its potential future requirements.

Time Warner Cable apologizes for a 'very serious failure' after millions of people across the US are knocked off the Internet because of a faultTime Warner Cable apologized for a "very serious failure" after millions of people across the United States were knocked off the Internet because of a fault. An estimated 11 million Internet subscribers were hit by the early morning outage on Wednesday, which lasted more than hour, The Wall Street Journal said, while other reports said the problem affected customers nationwide. "During an overnight network maintenance activity in which we were managing IP addresses, an erroneous configuration was propagated throughout our national backbone, resulting in a network outage," the company said in a statement. The outage comes days after federal regulators fined Time Warner Cable for inadequate reporting of some outages in 2013, the WSJ said.

That's Rather Lovely: 1890s Cottage Was Designed Around Oddball TreasuresPhoto via Apartment Therapy Home to professional antique collector Marnie Hawson, this 1890's weatherboard cottage in the petite Australian town of Riddells Creek is a shrine to slightly offbeat but "perfectly curated industrial and vintage gems," around which the rest...

California Governor Jerry Brown speaks during a news conference in San Francisco, on January 17, 2014California is set to more than triple its tax credits granted to the film industry in a bid to limit an exodus of movie makers from Hollywood tempted by more generous aid. Governor Jerry Brown said he is set to sign an accord passed by the western US state's lawmakers, who voted to grant $330 million per year for five years, or a total of $1.65 billion. Previously, tax credits for films were limited to $100 million a year. "This law will ... put thousands of Californians to work," Brown said in a statement, which noted that over the last 15 years film production has plummeted by 50 percent in California.

Maria Sharapova, of Russia, reacts after a point against Alexandra Dulgheru, of Romania, during the second round of the 2014 U.S. Open tennis tournament, Wednesday, Aug. 27, 2014, in New York. (AP Photo/Matt Rourke)NEW YORK (AP) — A year ago at this time, Maria Sharapova was sitting out the U.S. Open, getting checked by doctors and having tests on the surgically repaired right shoulder that has troubled her off and on.

Tennis - American men hit new low in home Grand Slam- US men produced an historic low in their home Grand Slam Wednesday.

This undated photo provided by the University of Southern California sports information office shows defensive back Josh Shaw. The university is investigating his story that he injured both of his ankles jumping off a balcony to save his nephew from drowning. Head football coach Steve Sarkisian said USC has received calls contradicting Shaw's detailed claims about his two high ankle sprains. (AP Photo/University of Southern California)LOS ANGELES (AP) — Southern California cornerback Josh Shaw confessed that he lied to school officials about how he sprained his ankles last weekend, retracting his story about jumping off a balcony to save his drowning nephew.

Maria Sharapova of Russia waves to the crowd after defeating Alexandra Dulgheru of Romania during their US Open women's singles match, in New York, on August 27, 2014Maria Sharapova booked her US Open third-round berth with a gritty three-set victory over Alexandra Dulgheru as US men produced an historic low in their home Grand Slam. "It was difficult," Sharapova said. Sharapova was one of the day's headliners, along with Australian Open winner Stan Wawrinka and five-time Grand Slam champion Venus Williams on a day that saw two-time defending women's champion Serena Williams along with top men Novak Djokovic, Roger Federer and Andy Murray all having a day off.

Hot air balloon emergency landing on New Hope streetA hot air balloon was forced to make an emergency landing on a Bucks County street Wednesday night.

In this Wed., Aug. 27, 2014 photo provided by ABC, Diane Sawyer signs off on her last broadcast as anchor of "World News," in New York. Sawyer told viewers that it has been wonderful to be the "home port" of the network's news team each weeknight. She will be replaced next week by David Muir. (AP Photo/ABC, Ida Mae Astute)NEW YORK (AP) — Diane Sawyer signed off as anchor of ABC's "World News" on Wednesday, telling viewers that it has been wonderful to be the "home port" of the network's news team each weeknight.

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Wed, 08/27/2014 - 19:54

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