Wall Street up on Summers’ withdrawal; Obama curbs gains
NEW YORK (Reuters) – U.S. stocks advanced on Monday after former Treasury Secretary Lawrence Summers withdrew as a candidate for Federal Reserve chairman, lifting some market uncertainty about what was heading towards a contentious confirmation process…
Lockheed Martin wins rare commercial contract for Atlas launch
CAPE CANAVERAL, Florida (Reuters) – Lockheed Martin Corp has won a rare commercial contract for launch services on its unmanned Atlas 5 rocket, officials said on Thursday.
U.S. broker’s Facebook misstep leads to fine, suspension
(Reuters) – A Facebook post defending a drug company stock has spurred more than a year of headaches for a broker who has been fined and suspended in a case that highlights the perils of running afoul of the securities industry’s social media rules.
Bombardier’s all-new CSeries makes inaugural flight
MIRABEL, Quebec (Reuters) – Bombardier Inc’s CSeries jetliner successfully completed its first flight on Monday, a key step in a $3.4 billion program to develop the first all-new narrow-body plane of its size in decades that the company hopes will incr…
Exclusive: Goldman names Chavez as CIO, when Scopellite retires
NEW YORK (Reuters) – Goldman Sachs Group Inc has named R. Martin Chavez to become chief information officer when Steven Scopellite, a 28-year veteran of the bank’s technology group, retires at year-end, according to internal memos on Monday.
Pratt sees 2.5 pct or more cost cut on next F-35 engines
NATIONAL HARBOR, Maryland (Reuters) – Pratt & Whitney, a unit of United Technologies Corp , on Monday said it expects to drive down the cost of the F135 engines it builds for the U.S. F-35 fighter jet at least 2.5 percent, and perhaps more, in its next two production contracts.
Manufacturing sector regaining some momentum
WASHINGTON (Reuters) – U.S. factory output surged in August as the pace of motor vehicle assemblies jumped to a six-year high, a hopeful sign for the economy after a slow start to the third quarter.
Bombardier CSeries lands, ends first flight
MIRABEL, Quebec (Reuters) – Bombardier Inc’s new CSeries jetliner landed successfully Monday, ending the first flight in the company’s$3.4 billion program to develop a new narrow-bodied plane.
IMF disburses $113 million for bailed-out Cyprus
NICOSIA (Reuters) – The International Monetary Fund said on Monday it had completed its first review of its bailout program for Cyprus, enabling the disbursement of $113 million.
China’s state TV says Danone bribed hospitals to push baby milk
SHANGHAI/PARIS (Reuters) – Chinese state TV said on Monday that Danone had bribed hospital staff to give its milk powder to new-born babies, allegations that the French food group said it was shocked by and would investigate immediately.
