Cost of flying Northrop’s Global Hawk down over 50 percent: sources
WASHINGTON (Reuters) – The cost of flying Northrop Grumman Corp’s RQ-4 Global Hawk unmanned spy plane has dropped more than 50 percent over the past three years, reflecting higher use and efforts to lower operating costs, a source familiar with the pro…
Twitter’s ‘secret’ IPO puts investors in the dark, for now
WASHINGTON (Reuters) – Twitter’s use of a confidential initial public offering filing has reignited a debate about a 2012 U.S. law that critics say denies investors time to digest a company’s financial information and erodes the widely-held value of ma…
Lufthansa close to Airbus, Boeing jet order: sources
PARIS/FRANKFURT (Reuters) – Lufthansa is close to placing an order, split between Airbus and Boeing , for dozens of long-haul jets, two people familiar with the matter said on Friday.
Peabody says it no longer owes benefits to Patriot retirees
(Reuters) – Peabody Energy Corp , the company responsible for creating now-bankrupt Patriot Coal through a 2007 spinoff, on Friday said it has no obligation to fund health and pension benefits for Patriot retirees affected by the company’s insolvency.
Ackman cuts stake in mall owner General Growth Properties
(Reuters) – Bill Ackman’s Pershing Square Capital Management cut its stake in mall owner General Growth Properties Inc to 3.7 percent from 8 percent, the hedge fund said in a filing with the U.S. Securities and Exchange Commission.
Bombardier targets Monday for CSeries first flight
TORONTO (Reuters) – Canada’s Bombardier Inc is targeting Monday for the first flight of its all-new CSeries jetliner, weather permitting, the planemaker said on Friday.
Boeing says it is ready to test 787-9 as early as Tuesday
NEW YORK (Reuters) – Boeing Co’s high-tech Dreamliner 787-9 aircraft will make its first flight as soon as Tuesday, the company said on Friday.
IRS broadens scope of tax-deductible business repairs
WASHINGTON (Reuters) – In a win for companies ranging from energy utilities to casinos, the U.S. Internal Revenue Service on Friday released new rules that broaden the kinds of business expenditures that can be treated as deductible asset repairs.
Wall Street ends up; Dow posts best weekly gain since January
NEW YORK (Reuters) – U.S. stocks rose on Friday and the Dow registered its best weekly gain since January, helped by a rise in Intel shares, though trading was subdued ahead of the Federal Reserve’s expected reduction of stimulus measures next week.
Wall Street Week Ahead: Fed may taper without causing market tantrum
NEW YORK (Reuters) – Months of anticipation will come to an end next week when the Federal Reserve finally says whether it will start to rein in its massive stimulus of the economy, which has flooded financial markets with some $2.75 trillion over the …
