Northrop sees strong foreign interest in unmanned helicopter
WASHINGTON (Reuters) – Northrop Grumman Corp on Friday said it saw strong foreign interest in its Fire Scout unmanned helicopter, but faced challenges in translating that demand into actual sales.
Honda to recall 344,000 minivans in U.S. due to braking glitch
DETROIT (Reuters) – Honda Motor Co said on Friday that it will recall about 344,000 Odyssey minivans in the United States to fix a software defect that may lead the vehicle to suddenly and harshly brake without the driver pressing the brake pedal.
Caterpillar unit is subject of U.S. criminal probe: filing
(Reuters) – Federal prosecutors in California are investigating a unit of Caterpillar Inc for potential violations of environmental law and other alleged improper business practices, the company disclosed in a regulatory filing Friday.
Shareholders voice displeasure with Oracle’s pay watchdogs
SAN FRANCISCO (Reuters) – Shareholders in Oracle Corp have sent a message to the people who set Chief Executive Larry Ellison’s pay, re-electing the directors on the board’s compensation committee by much smaller margins than the rest of the directors,…
Fairfax struggles to raise funds for BlackBerry bid: sources
NEW YORK (Reuters) – Fairfax Financial Holdings Ltd is struggling to raise financing for its $4.7 billion bid for BlackBerry Ltd, with several large banks declining to participate on concerns that the smartphone maker will not be able to reverse its fo…
Exclusive: Charter weighs bid for Time Warner Cable by year-end -sources
NEW YORK/LOS ANGELES (Reuters) – Charter Communications Inc is weighing a bid for Time Warner Cable Inc before year-end and is trying to devise a deal structure that would lure the No. 2 U.S. cable operator’s shareholders, people familiar with the matt…
Exclusive: Charter weighs bid for Time Warner Cable by year-end -sources
NEW YORK/LOS ANGELES (Reuters) – Charter Communications Inc is weighing a bid for Time Warner Cable Inc before year-end and is trying to devise a deal structure that would lure the No. 2 U.S. cable operator’s shareholders, people familiar with the matt…
Wall St. Week Ahead: Twitter’s IPO to provide week’s excitement
NEW YORK (Reuters) – Twitter will be the talk of Wall Street next week when the social media company goes public in the stock market’s most anticipated initial public offering since 2012’s Facebook .
CME Group chief testifies in long-awaited grain settlement trial
CHICAGO (Reuters) – CME Group Inc Chief Executive Phupinder Gill on Friday denied that the exchange-operator changed its settlement rules to give electronic grain traders an advantage over veterans of the Chicago trading floor, who have sued the compan…
Lockheed shows plans for hypersonic spy plane; focus on low cost
WASHINGTON (Reuters) – Lockheed Martin Corp unveiled plans on Friday for a hypersonic spy plane that could fly at Mach 6, twice as fast as its famed SR-71 Blackbird, and said a missile demonstrating the new technology could fly as early as 2018.
