Northrop wins $93 million deal to build drone for smaller warships
WASHINGTON (Reuters) – Northrop Grumman Corp has won a contract worth $93.08 million to build a full-scale demonstrator of a new unmanned spy plane – a flying wing with large counter-rotating propellers – that would take off and land on destroyers and …
Bridgestone raises offer for Pep Boys, trumps Icahn
(Reuters) – Japanese tire maker Bridgestone Corp raised its offer for Pep Boys-Manny, Moe & Jack to about $947 million, trumping activist investor Carl Icahn’s current $900 million bid.
Nasdaq short interest down 0.5 percent in early December
NEW YORK, (Reuters) – Short interest on the Nasdaq fell 0.5 percent in the first half of December, the exchange said on Thursday.
U.S. retailers at risk of missing modest holiday sales goals
CHICAGO/NEW YORK (Reuters) – Retailers are struggling to meet even modest forecasts for the holiday shopping season this year after the “Super Saturday” before Christmas failed to live up to its nickname, industry research groups said.
No gift for Wall Street on Christmas Eve
(Reuters) – Wall Street finished a little lower on Thursday as a drop in energy stocks kept a lid on holiday cheer during a shortened Christmas Eve trading session.
Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses
NEW YORK (Reuters) – Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis.
Oil continues recovery, dollar slips in quiet trade
NEW YORK (Reuters) – Oil prices gained for a fourth straight day on Thursday, while equity markets were quiet headed into the Christmas holiday.
Fiat Chrysler recalling 570,000 SUVs for fire risks
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said on Thursday it will recall 570,000 SUVs for fire risks in two campaigns linked to problems with vanity mirror wiring and a low-pressure hose.
Oil above $37 as U.S. supply tightens, still near 11-year low
NEW YORK (Reuters) – Oil edged further above $38 a barrel on Thursday before retreating as it remained within sight of an 11-year low reached this week, as traders put positions in order ahead of an expected week of low liquidity ahead.
U.S. jobless claims near 42-year low as labor market tightens
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.
