Lockheed, U.S. Air Force near $2.2 billion satellites deal
WASHINGTON (Reuters) – The U.S. Air Force expects to finalize a $2.2 billion contract with Lockheed Martin Corp for two more advanced military communications satellites in coming weeks, a top Air Force general told Reuters on Wednesday.
LightSquared creditors can vote on restructuring plans: judge
NEW YORK (Reuters) – Creditors of bankrupt broadband owner LightSquared Inc can vote on competing plans by LightSquared, its creditors and its primary shareholder, Harbinger Capital, on how to restructure the company, a judge ruled on Wednesday.
Obama picks Yellen for top Fed job, urges quick Senate approval
WASHINGTON (Reuters) – President Barack Obama nominated Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world’s most influential central bank, praising her consensus-building skills and saying more needed to be done to boost U.S. employ…
Chevron warns on third quarter due to refining earnings drop
(Reuters) – Chevron Corp , the second-largest U.S. oil company, warned on Wednesday that third-quarter earnings would be lower than in the second quarter due to “significantly lower” earnings from its refining division as fuel margins were squeezed.
Analysis: Cargill’s expected cocoa coup rattles confectioners, dealers
NEW YORK (Reuters) – This past summer, European authorities took just six weeks to approve Barry Callebaut’s $950 million purchase of Petra Foods’ cocoa business, a deal that created the world’s largest cocoa company with a quarter of the $10 billion m…
Sausage ceasefire may not end war between China’s noodle kings
HONG KONG (Reuters) – It started with a sausage. A three-inch, complimentary ham sausage, to be precise.
Dow, S&P 500 end modestly higher on hopeful signs in fiscal impasse
NEW YORK (Reuters) – The Dow and S&P 500 rose on Wednesday as Republicans and Democrats in Congress showed early signs of a possible break in the impasse, and U.S. President Barack Obama invited both sides for talks about ending the government shutdown, now in its ninth day.
Santander says to participate in UK’s Help to Buy scheme
(Reuters) – The British arm of Spanish bank Santander will participate in a UK programme to help people buy their own homes, Chief Executive Ana Botin told Reuters on Wednesday.
Cargill profits slump, grain sector hit by 2012 drought
CHICAGO (Reuters) – U.S. agribusiness company Cargill Inc on Wednesday reported a 41 percent drop in quarterly profits as the lingering effects of the 2012 severe drought in the United States reduced grain-handling opportunities.
Barington Capital urges Darden to split company: WSJ
(Reuters) – Hedge fund Barington Capital Group LP is pushing for Olive Garden parent Darden Restaurants Inc to split into two separate companies, the Wall Street Journal reported citing people familiar with the matter.
