Business Defense


  • US, India mull joint patrols in South China Sea Thursday, 11 Feb 2016 | 1:57 AM ET
    Chinese dredging vessels are purportedly seen in the waters around Mischief Reef in the disputed Spratly Islands in the South China Sea in this still image from video taken by a P-8A Poseidon surveillance aircraft provided by the United States Navy May 21, 2015.

    The US and India have held talks about conducting joint naval patrols that a US defense official said could include the disputed South China Sea.

  • South Korea severs final link with North Thursday, 11 Feb 2016 | 1:37 AM ET
    North Korean employees work at the assembly line of the factory of South Korean company at the Kaesong industrial complex on December 19, 2013 in Kaesong, North Korea.

    South Korea has halted activity at a factory park were local companies employed about 55,000 North Koreans.

  • WASHINGTON, Feb 10- The Pentagon on Wednesday said it expects to reach agreement with Lockheed Martin Corp in March on contracts for the next two batches of F-35 fighter jets, orders worth about a combined $15 billion that will lower the cost of each warplane to below $100 million. Air Force Lieutenant General Chris Bogdan, who runs the F-35 program for the...

  • Defense stocks + GOP debates = Good strategy? Wednesday, 10 Feb 2016 | 12:03 PM ET
    Donald Trump

    Data from Kensho suggest that defense stocks used to rise on the days before and after a GOP debate. But that's not true anymore.

  • North Korean army chief executed: Reports Wednesday, 10 Feb 2016 | 9:54 AM ET
    North Korea has executed its army chief of staff Army Gen. Ri Yong-gil (second from left) on corruption and other charges.

    Army General Ri Yong-gil was reportedly accused of corruption charge, USA Today reports.

  • WASHINGTON, Feb 9- The Pentagon proposed a $582.7 billion defense budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the plan is already under fire from Republicans who accuse President Barack Obama of short-changing the military. Officials and analysts say the budget marks a strategic inflection point as the...

  • WASHINGTON, Feb 9- The Pentagon unveiled a $582.7 billion budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the proposal is already under fire from Republicans who accuse the president of short-changing the military. The proposal also would quadruple funds to counter Russian pressure in Europe following its seizure...

  • Pentagon recruits Silicon Valley in cyberwar Tuesday, 9 Feb 2016 | 10:51 AM ET
    President Barack Obama speaks at the White House Summit on Cybersecurity and Consumer Protection at Stanford University in Palo Alto on February 13, 2015.

    The White House is trying to boost national defenses against cybercriminals. The Pentagon has even turned to Silicon Valley for help.

  • WASHINGTON, Feb 9- Disruptions in cyberspace and attacks by "homegrown" terrorists are the most imminent security threats facing the United States in 2016, James Clapper, the top U.S. intelligence official, told two Senate committees on Tuesday. In his annual assessment of threats to the United States, Clapper warned that the proliferation of devices, many of...

  • *China investing $46 billion in new trade route. GWADAR, Pakistan, Feb 8- A heavy police presence, guarded convoys, new checkpoints and troop reinforcements have turned parts of the southern port city of Gwadar into a fortress, as Pakistan's powerful military seeks to protect billions of dollars of Chinese investment. Securing the planned $46 billion economic...

  • North Korea launch a black eye for China Sunday, 7 Feb 2016 | 2:19 PM ET
    China's President Xi Jinping speaks during the opening ceremony of the 2nd annual World Internet Conference in Jiaxing, China, on Dec. 16, 2015.

    North Korea's launch is a humiliation for China, but there are no signs that Beijing will change course, The New York Times writes.



  • N. Korea launches rocket, defies UN, US Saturday, 6 Feb 2016 | 9:50 AM ET
    North Korean leader Kim Jong Un

    Defying warnings of tougher sanctions, North Korea launched a rocket widely considered to be a cover for developing ballistic missiles.

  • The change in the Pentagon's plan for the $391 billion weapons program defers orders for 45 Air Force jets, compared with last year's plan, while accelerating orders for the Navy and Marine Corps models of the aircraft, the sources said. It calls for the Navy and Marine Corps to buy 64 F-35C jets, which can take off and land on aircraft carriers, over the next five...

  • AMSTERDAM— NATO's chief met Friday with European Union defense ministers to discuss boosting cooperation between the military alliance and the 28- nation bloc to tackle looming threats to the region. The EU and NATO are working to beef up their responses to threats such as Russia's increased military activity to the east and the Islamic State group's threat...

  • France opens 'bribery' probe on Malaysian PM Thursday, 4 Feb 2016 | 10:46 PM ET

    Paris prosecutors have launched an investigation into whether Malaysia's PM was paid bribes in a $1.2B arms deal, the FT reports.

  • WASHINGTON, Feb 4- The United States Marine Corps will try to maintain funding for its plans to modernize its fleet of aging aircraft and ships in the fiscal 2017 defense budget, the commandant of the Marine Corps said on Thursday. "We're going to do everything to protect our modernization," said Neller, who took command of the Marine Corps last year.

  • Op-Ed: THIS is the weak link in global security Thursday, 4 Feb 2016 | 12:46 PM ET
    A Spanish Guardia Civil boat patrol the water.

    In an age of terror, its high time that global leaders get this unregulated industry under control, says Ami Daniel.

  • Once-stalled border bridge dedicated near El Paso Thursday, 4 Feb 2016 | 1:05 AM ET

    TORNILLO, Texas— An international bridge over the Rio Grande near El Paso opened for the first time Thursday after years of construction delays, giving officials hope it would be a boon for Texas- Mexico border commerce. In remarks, Pena Nieto noted incendiary remarks by some U.S. conservatives about security along the U.S.- Mexico border. Homeland Security...

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