Lockheed Martin clinches $4 billion Pentagon missile defense deal
WASHINGTON (Reuters) – The Pentagon said on Friday it had finalized a contract worth nearly $4 billion with Lockheed Martin Corp to supply additional missile defense equipment to the United States and the United Arab Emirates.
RWE has to ‘make do with fewer employees’: CEO in paper
FRANKFURT (Reuters) – RWE AG may cut more jobs than planned as it battles sluggish demand for energy in a struggling European economy, its chief executive said after Germany’s No.2 utility shocked the market with a hefty dividend cut.
BB&T Corp loses $772 million ‘tax shelter’ court case
WASHINGTON (Reuters) – BB&T Corp lost on Friday a $772 million tax dispute with the U.S. Internal Revenue Service in federal court over a transaction the judge called “an economically meaningless tax shelter.”
Allegiant grounds planes to make slide inspections
(Reuters) – Allegiant Travel Co , a low-cost carrier that provides service to leisure destinations, is grounding as many as 30 of its planes, or roughly half of its fleet, to inspect emergency exit slides to comply with safety guidelines.
BB&T Corp loses case to U.S. as judge says deal a tax shelter
WASHINGTON (Reuters) – BB&T Corp lost on Friday a multimillion-dollar tax dispute with the U.S. Internal Revenue Service in federal court over a transaction the judge called “an economically meaningless tax shelter.”
News Corp revenue rises on subscriptions; advertising revenue falls
(Reuters) – News Corp , the publishing company controlled by Rupert Murdoch, reported on Friday that annual revenue grew 2.7 percent to almost $8.9 billion on a rise in circulation and subscription revenue.
U.S. says money manager Vilar’s lawyer in romance with co-defendant
NEW YORK (Reuters) – A lawyer representing money manager and arts patron Alberto Vilar in his criminal fraud case appears to be in an “intimate, romantic relationship” with Vilar’s co-defendant, Gary Tanaka, federal prosecutors said on Friday.
Wall Street ends down as Fed officials weigh in
NEW YORK (Reuters) – U.S. stocks fell on Friday as investors puzzled over the Federal Reserve’s decision to maintain its stimulus measures as they heard opposing viewpoints from top Fed officials.
Exclusive: Fox studio names ex-NBCU cable exec to new digital role
LOS ANGELES (Reuters) – The 20th Century Fox movie studio has hired Salil Mehta, a former NBCUniversal executive, as president of content management, a newly created position that includes oversight of digital media and worldwide television distributio…
U.S. stocks needn’t fret about a government shutdown
NEW YORK (Reuters) – Investors may be tempted to shy away from stocks in the next week or two as the latest version of the fiscal follies plays out in Washington.
