Lockheed-Boeing venture orders 20 more Russian rocket engines
WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , on Wednesday said it had ordered 20 more RD-180 rocket engines from Russia, on top of 29 engines ordered before Russia’s invasion of the Crimea regio…
BNP reviews options for U.S. unit, on track to meet capital requirements
PARIS (Reuters) – BNP Paribas said on Wednesday it is considering “strategic alternatives” for its U.S. unit First Hawaiian Bank which could help France’s biggest listed bank reach regulatory capital requirements by mid-2017.
Pentagon: R&D push could spur investment,slow buybacks
WASHINGTON (Reuters) – The U.S. military’s plans to spend up to $15 billion over the next five years on funding research should help encourage U.S. weapons makers to spend more on internal research instead of share buybacks, the Pentagon’s chief arms b…
Staples says U.S. regulators’ complaint against merger is ‘misguided’
WASHINGTON (Reuters) – Staples Inc accused federal regulators of applying antitrust laws in a “misguided” way to try to block its $6.3 billion merger with smaller office supply retailer Office Depot Inc .
Top two Ferrari investors sign pact over 48.8 percent of voting rights
MILAN (Reuters) – The top two investors in Ferrari have signed a shareholder pact giving them a total voting power of nearly 50 percent to keep firm grip on the sports car maker after it separates from Fiat Chrysler Automobiles .
U.S. manufacturing struggles; rising income brightens outlook
WASHINGTON (Reuters) – New orders for U.S. manufactured capital goods fell in November and the prior month’s increase was revised sharply lower as the drag on manufacturing from a strong dollar and spending cuts in the energy sector showed little sign …
Oil up 3 percent after U.S. crude stocks drop, trade thin
TORONTO (Reuters) – Oil rose more than 3 percent on Wednesday in thin, pre-holiday trading, buoyed by a surprise drop in U.S. crude inventories, but prices stayed near multi-year lows as global supplies remained abundant and OPEC lowered the demand out…
Money-go-round fuels buybacks, leaves workers sidelined
WATERLOO, Iowa (Reuters) – Matt Happel and Pam Egli are first cousins, part of a sprawling family so big it rents a church hall for Christmas parties.
Wal-Mart considers closing 5 percent of Brazil stores: report
SAO PAULO (Reuters) – Wal-Mart Stores Inc is considering closing about 30 stores and renting some of its property in Brazil next year, Brazilian newspaper Valor Econômico reported on Wednesday, as the world’s largest retailer looks to exit poor-performing markets.
Venezuela PDVSA says it is object of smear campaign after U.S. arrests
CARACAS (Reuters) – Venezuelan state-owned oil company PDVSA on Wednesday said it was the target of a smear campaign by opponents who are trying to link it to corruption, and said its hiring processes followed the law.
