Pentagon, suppliers draft plan to lower F-35 cost: Pratt
WASHINGTON (Reuters) – The U.S. Defense Department and top suppliers on the $392 billion F-35 fighter program are developing a plan to drive down the cost of the Pentagon’s most expensive weapons program, the head of enginemaker Pratt & Whitney told Reuters.
Brazil may wait over four years for new fighters, says Saab
SAO PAULO (Reuters) – Brazil is not likely to receive the first of its new fighter jets from Saab AB for more than four years, the head of the Swedish company’s aerospace unit told Reuters on Friday, underscoring the need for stopgap aircraft in coming…
AT&T to join Verizon in government data-request disclosures
(Reuters) – AT&T Inc will join rival Verizon Communications in disclosing details on government requests for customer data starting in 2014, after investors called on the two largest U.S. carriers to reveal more about controversial spying operations.
Deutsche Bank to pay $1.9 billion to settle U.S. mortgage case
FRANKFURT/NEW YORK (Reuters) – Deutsche Bank said on Friday it will pay $1.9 billion to settle claims that it defrauded two U.S. government-controlled companies in the sale of mortgage-backed securities before the 2008 financial crisis.
Detroit swaps deal faces renegotiation or possible litigation: attorney
DETROIT (Reuters) – A key component in Detroit’s plan to exit bankruptcy will either be renegotiated over the next week or possibly face litigation, an attorney for the city told a federal judge on Friday.
Analysis: In U.S., ‘animal spirits’ remain leashed as cash flows to shareholders
CHICAGO/NEW YORK (Reuters) – It’s official: 2013 will be the second-biggest year in history for U.S. corporate share repurchases, though the “shareholder friendly” moves are beginning to give some economists and investors the jitters.
U.S. SEC to press ahead with updating company disclosure rules
WASHINGTON (Reuters) – U.S. regulators said Friday they plan to update the rules that dictate what public companies must disclose to investors, in an effort to simplify filings and lower compliance costs for small companies.
BlackBerry steps back on handset business, shares jump
TORONTO (Reuters) – BlackBerry Ltd said on Friday it was entering a handset production deal that lowers the risk it will have to take more massive writedowns on unsold smartphones, and its shares surged even though it posted dismal quarterly results.
U.S. spat looms with foreign regulators over swap rules
WASHINGTON (Reuters) – The United States is on a collision course with regulators abroad as it plans to force foreign banks to comply with a host of new rules for risky derivatives, two sources close to the European Union said on Friday.
Judge denies bid to delay insider trading trial of SAC executive
NEW YORK (Reuters) – Mathew Martoma, the latest employee of Steven A. Cohen’s SAC Capital Advisors to face trial on insider trading charges, lost a bid on Friday to delay his trial, which is scheduled to start on January 6.
