Lockheed wins $451 million U.S. defense contract: Pentagon
Lockheed Martin Corp is being awarded a $451 million contract modification to a previously awarded contract for material and detail design in support of the construction of four Multi Mission Surface Combatant ships, the Pentagon said on Monday.
Warren Buffett donates $3.4 billion to Gates’ and family charities
Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire’s largest contribution in his longstanding plan to give away his fortune.
S&P 500 dips as energy shares fall; Netflix drops late after results
The S&P 500 ended slightly lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financials as Bank of America’s results reinforced expectations of a strong U.S. earnings season.
Netflix shares tank after subscriber numbers miss targets
Netflix Inc’s subscriber growth and forecast fell short of Wall Street expectations, sending shares of the normally high-flying stock crashing 14 percent on Monday.
Oil’s 4 percent tumble weighs on energy shares; banks rally
The price of oil tumbled more than 4 percent on Monday, putting pressure on energy shares and keeping global stock markets in check, although financial shares rallied after upbeat news from Bank of America and Deutsche Bank.
Ford agrees to $299.1 million U.S. Takata air bag settlement
Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
U.S. arms makers praise new U.S. weapons export policy
U.S. arms makers attending the Farnborough Airshow in Britain on Monday lauded the U.S. government’s push to sell more weapons overseas and said they expected European defense spending to increase in the coming years.
Ford agrees to $299.1 million U.S. Takata ‘economic loss’ settlement
Ford Motor Co agreed to a $299.1 million so-called economic loss settlement covering at least 6 million U.S. vehicles with potentially faulty Takata air bag inflators, court documents filed in a federal court in Miami on Monday show.
Brent oil falls 4 percent to three-month low as supply outage concerns ease
Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.
S&P 500 slips with energy shares, but financials bounce
U.S. stocks mostly edged lower on Monday following a drop in oil prices that weighed on energy shares and offset a jump in financial stocks as Bank of America’s results reinforced expectations of a strong U.S. earnings season.
