Re-doing Northrop bomber contract would take ‘money and time’: U.S.
WASHINGTON (Reuters) – The U.S. Air Force on Monday said it would take “money and time” to cancel and restructure a development contract chosen for Northrop Grumman Corp’s work on the new B-21 bomber.
Obama says both left and right are wrong on Wall Street rules
WASHINGTON (Reuters) – U.S. President Barack Obama on Monday defended his efforts to rein in Wall Street, telling Americans that his administration cracked down effectively on banks and trading firms after the financial crisis of 2007-2009.
BlackRock gold fund may face penalties over unregistered share issue
NEW YORK (Reuters) – BlackRock Inc’s iShares Gold Trust may face penalties and other costs after the U.S.-listed fund sold $296 million in shares earlier this year without properly registering them, the company said in a filing on Monday with the U.S. …
Microsoft takes on Oracle, opening up database software to Linux
SAN FRANCISCO (Reuters) – Microsoft Corp planned on Monday to announce its move into a new business, unveiling a database software that works with a rival to its Windows operating system, a move that takes aim at a market long dominated by Oracle Corp …
Exelon, Pepco agree either company may terminate proposed deal
(Reuters) – Exelon Corp said it entered into an agreement with Pepco Holdings Inc under which either company may terminate their proposed deal at any time.
Alibaba’s Ant Financial could be valued at nearly $60 billion: source
(Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd’s arm, Ant Financial Services Group, is seeking a valuation of nearly $60 billion in its current round of funding, a person familiar with the matter said.
Fed’s Fischer warns that U.S. inflation could be accelerating
WASHINGTON (Reuters) – Inflation is showing signs it could accelerate in the United States, a top Federal Reserve policymaker said in comments that back the view that the central bank will hike interest rates again this year.
Supreme Court rejects Apple e-books price-fixing appeal
WASHINGTON (Reuters) – The Supreme Court on Monday declined to hear Apple Inc’s challenge to an appellate court decision that it conspired with five publishers to increase e-book prices, meaning it will have to pay $450 million as part of a settlement….
Viacom CEO says he expects to renew deal with Dish next quarter
(Reuters) – Viacom CEO Philippe Dauman said on Monday that he expects to renew its contract with Dish Network Corp next quarter.
Fiat Chrysler shutdown of midsize car plant extended to nine weeks
DETROIT (Reuters) – Fiat Chrysler Automobiles said on Monday it will extend the shutdown of its midsize Chrysler 200 sedan plant by three weeks, keeping it idled for a total of nine weeks.
