Pentagon says classified data on U.S. F-35 jet fighter program remains secure
WASHINGTON (Reuters) – The Pentagon on Tuesday said classified data about the $399 billion F-35 fighter jet program remains secure, despite fresh documents released by NSA whistleblower Edward Snowden last week which said China stole “many terabytes” o…
Starboard asks Staples to merge with Office Depot
(Reuters) – Activist investor Starboard Value LP called for office-supply chains Staples Inc and Office Depot Inc to merge, saying a combined company would lead to greater savings.
Oil falls again as IMF cuts forecast; Iran hints at $25 oil
NEW YORK (Reuters) – Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.
ECB quantitative easing would not solve Greek liquidity problems: Greek finmin
ATHENS (Reuters) – Any European Central Bank quantitative easing program would help Greece’s economy but would not be enough to solve its liquidity problems, Greek Finance Minister Gikas Hardouvelis said on Tuesday.
Halliburton, Baker Hughes to lay off thousands as oil slumps
(Reuters) – Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.
Fed looking at ways for longer pay deferrals at banks: Powell
WASHINGTON (Reuters) – The Federal Reserve is looking at ways to encourage banks to implement proper pay incentives to avoid some of the bad behavior the industry has displayed over the last several years, a top Fed official said on Tuesday.
IMF cuts global growth outlook, calls for accommodative policy
BEIJING (Reuters) – The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
J.C. Penney to bring back a home catalog: WSJ
(Reuters) – Department-store operator J.C. Penney Co Inc is bringing back a print catalog five years after ditching it to focus on the web, the Wall Street Journal reported.
Strong North America demand drives Halliburton profit
(Reuters) – Halliburton Co, the world’s No. 2 oilfield services provider, reported a 14 percent rise in fourth-quarter profit, helped by strong demand for its services in North America.
More oversight of some market trading may be needed: Fed’s Powell
WASHINGTON (Reuters) – More regulation may be needed for a key part of the banking industry’s profit engine, a top Federal Reserve official said on Tuesday, as regulators continue to determine ways to make markets safer and more transparent.
