Changes Coming for United, BP, and Radio Shack

NEW YORK (AP) _ United Airlines is getting tough on passengers with oversized carry-on bags.

The Chicago-based airline has installed new bag-sizers at most airports. As of Saturday, workers have been sending passengers whose bag exceeds the dimensions for carry-ons back to the ticket counter, where they check the bag and pay a $25 fee.

United says it wants to quicken the boarding process. The fewer bags passengers carry on, the less time is spent loading the overhead bins and the quicker everyone takes their seats. Bags in the overhead bin have a size limit of 22 inches by 14 inches by 9 inches.

Some travelers say United is simply trying to collect more fees. United has a stated goal of collecting an additional $700 million in fee revenue within the next four years.
———————————————–

NEW YORK (AP) — BP plans to create a separate, more competitive business to manage its onshore oil and gas assets, including its shale operations, in the 48 contiguous U.S. states.

BP PLC, which will own the new business, currently oversees the region through its North America Gas group based in Houston.

BP said Tuesday that the business will be based at a new location in Houston that’s separate from its Westlake campus. The business will also have a separate management team.

BP, which is still contending with repercussions from the Deepwater Horizon spill in the Gulf of Mexico, plans to start reporting separate financial results for the new business in 2015. It does not include offshore operations.

Shares of London-based BP added 24 cents to $49.24 in morning trading.
—————————————————-
FORT WORTH, Texas (AP) _ RadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as traffic slowed during the critical holiday season.

The store closings would leave RadioShack with more than 4,000 stores.

For the period ended Dec. 31, the electronics retailer lost $191.4 million, or $1.90 per share. That compares with a loss of $63.3 million, or 63 cents per share, a year earlier. Excluding items, RadioShack Corp. lost $1.29 per share. Analysts expected a loss of 16 cents per share.

Revenue declined to $935.4 million from $1.17 billion. Sales at stores open at least a year fell 19 percent on weaker traffic and the soft performance of its mobility business. Analysts expected revenue of $1.12 billion.

More News