HARTFORD, Conn.— The Justice Department has launched a criminal probe into allegations that subsidiary helicopter maker Sikorsky and two subsidiaries overbilled the Navy, United Technologies Corp. said Friday. The government filed a complaint last October in federal court that Sikorsky and subsidiaries, Derco Aerospace and Sikorsky Support Services...» Read More
Shares of Northern Rock plummeted 12% after the U.K. mortgage lender cut its 2007 profit expectations Wednesday, as higher interest rates weighed on funding costs and the prospects for real estate in Britain.
Recent concerns about the rising cost of corporate borrowing haven't deterred Honeywell CEO Dave Cote from looking for fresh acquisition targets for the Fortune 500 company, but market consolidation is getting harder, he warned.
A transatlantic team led by L-3 Communications has won a $2 billion contract to build a new cargo aircraft fleet, the U.S. Defense Department said on Wednesday.
Good news! A guy suing a Washington, DC area dry cleaner for $67 million over a pair of pants gone missing two years ago has reduced his damages demand to only $54 million! The guy is a judge. A JUDGE! Administration law judge Roy Pearson is suing under the local Consumer Protection Act (that must be some act), claiming signs posted inside Custom Cleaners were fraudulent by promising "Satisfaction Guaranteed." Pearson wants $54 million to make it right. Talk about being taken to the cleaners.
Raytheon said a consortium it is leading in collaboration with Computer Sciences Corp has been chosen to oversee the US Army's live, virtual and constructive training operations and support systems worldwide.
Boeing reaffirmed its earnings and revenue guidance from its first quarter earnings report, which was released on April 25.
Well, if you owned Vonage on Thursday, and a lot of you did, you got your "just" rewards as the stock turned out to be a best performer. It gained 10.82% by Thursday's close. Vonage has been on the most active and widely held lists for some time now. This it's first appearance as a best performer. A couple of newer names showed up on the most active--HALO,ALU and MNKD. Here ya go:
Ionatron said it was awarded a $500,000 deal from the Navy for testing of a counter-explosive device, boosting shares on Monday.
It's the "usual suspects" holding down the top three spots on Trading With The Stars. Jonathan Tucker and a very active Stephen Collins maintain a status quo by holding the first two positions. Jonathan has not made any transactions except for bonus bucks since 4/23, and Stephen had been active buying and selling and getting big gains on Advanced Energy--balanced by losses in C-Cor. James Cromwell continues to hold 3rd place.
Lockheed Martin said that first-quarter profit rose a greater-than expected 17% as the world's largest defense contractor posted higher sales of information systems for government customers and had a number of one-time gains.Northrop Grumman's earnings rose less than predicted as strike costs cut into the bottom line.
Defense contractor L-3 Communications Holdings on Monday said first-quarter profit rose 17 percent, on robust demand for intelligence services and communications products from the U.S. military.
Actor Jonathan Tucker is playing for "Street Signs" in Trading With The Stars. He might be playing for higher stakes after the contest if he's taken at his word. Even though he's in 4th place, he told CNBC's Erin Burnett that if he was running a hedge fund the way he's running his contest portfolio--"we'd be doing pretty fantastically well." He did say that he and Erin should open up their own hedge fund. (hold on Jonathan--we'll see about that--it's just contest--but could it be a career move? nah..) However, he certainly dresses the part..
Actor Willie Garson comes back (as we thought-see below) to take champion poker player Chris Moneymaker out of the lead for the second time. Stephen Collins also passes Chris to take second place on Chris's big loss on CMGI. Not too good of a day for most--as all of our celebs were down Wednesday, except for Ernie Hudson who gained almost $35,000 mostly on his sale of Electro Scientific, moving himself out of last place.
We have an video excerpt here from last Friday's "How To Win" contest program featuring guest bloggers and analysts Jeff Mishlove and James Altucher. Both agreed that having stock among the most actives, is not necessarily the best strategy--because obviously you are competing against fellow traders for the same returns. You want to find stocks....
Here's a look at the stocks "making names" for themselves in the last day. Interesting to note, two of Thursday's best performing trades were ADRs: GOL is Brazilian and Ipsco is Canadian. A lot of similar names showing up in most widely held--as many of you continue to stick with them for some time now.
ITT Corp. has agreed to plead guilty and pay a penalty of up to $100 million for illegally exporting night vision goggles in 2001 to China, Singapore and the United Kingdom, the U.S. Justice Department said on Tuesday.
We've got some of the latest contest statistics on most active, widely held, etc. So, without any further introduction, here they are. The numbers are as of Tuesday, March 20, 2007.
Halliburton estimated first-quarter earnings, excluding items, of about 49 to 54 cents a share. Tuesday's percentage decline in Halliburton shares marked the stock's biggest slide in about eight months.
Okay--time to look at who's "stock picking" star is shining among our show celebs competing in "Trading With The Stars. CNBC show producers are getting into the act with comments like "Now he's kicking butt" and "Go Tucker Go!" Here's why they're saying that.
The Chicago-based company tweaked its 767 design to improve fuel efficiency, among other factors, in hopes of beating rival Northrop Grumman.