U.S. lawmaker urges continuation of Boeing F/A-18 fighter line
WASHINGTON (Reuters) – Randy Forbes, a key member of the House Armed Services Committee, on Thursday urged Defense Secretary Chuck Hagel to rethink the U.S. Navy’s current plan to allow Boeing Co’s F/A-18 fighter jet production to close in 2016.
Analysis: Boeing bidders dangle goodies to win 777X jetliner
NEW YORK/CHARLESTON, South Carolina (Reuters) – South Carolina will clinch a long-awaited land sale next week that should help Boeing Co expand aircraft production. Perhaps more importantly, the $13.8 million deal may help South Carolina win assembly w…
Southwest, Virgin win waiver to purchase LaGuardia slots
ATLANTA/WASHINGTON (Reuters) – Southwest Airlines is purchasing 22 of the 34 takeoff and landing slots at New York’s LaGuardia Airport that American Airlines has given up in return for government approval of its merger with US Airways Group Inc .
J.C. Penney gets SEC inquiry regarding its financial position
(Reuters) – Department store chain J.C. Penney Co Inc said it received a letter of inquiry from the U.S. Securities and Exchange Commission, seeking an explanation on the company’s financial position.
GM’s Holden to exit Australia as early as 2016: reports
SYDNEY (Reuters) – General Motors Co has decided to pull out of vehicle production in Australia as early as 2016, local media reported on Friday, in what would be a major blow to the struggling industry.
Deutsche Bank quits commodities, but keeps index funds
NEW YORK (Reuters) – Deutsche Bank, which is quitting trading in most raw materials markets, will retain its near $9 billion commodities index fund business, a strategy industry experts said helps the German bank profit from fees and maintain ties with…
Ex-Tyco CEO Kozlowski says he stole out of pure greed
NEW YORK (Reuters) – Disgraced ex-Tyco International Ltd chief executive Dennis Kozlowski, who was granted parole this week after serving an eight-year prison sentence, said simple greed had led him to steal more than $150 million from the company, a t…
Ex-Dell employee avoids prison for help in insider trading probe
NEW YORK (Reuters) – A former Dell Inc supply manager who cooperated with government insider trading investigations, including a probe of a portfolio manager at SAC Capital Advisors, avoided prison on Thursday as a result of his cooperation.
U.S. judge weighs penalties after Bank of America fraud verdict
NEW YORK (Reuters) – A U.S. judge is considering an alternative that could result in Bank of America Corp paying much less than the $863.6 million the government is seeking as a penalty for the sale of defective mortgages before the financial crisis.
Bargain-hunting dents U.S. retailers’ November sales
NEW YORK (Reuters) – Several major U.S. retailers posted disappointing sales for November after shoppers remained cautious about spending, the latest sign that the holiday season is shaping up to be the toughest in years.
