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  • Raytheon beat out Northrop and Lockheed Martin Corp to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. Raytheon said it would work closely with the Air Force to mitigate any resulting delays once the issue was resolved. "The Air Force ran a very tough but very fair competition, and selected the world...

  • Oct 21- Apple and GT Advanced Technologies Inc struck an agreement on Tuesday that will let GT begin the shutdown of key Arizona operations, and shed some more light on why the former stock market darling abruptly filed for bankruptcy this month. A lawyer for GT, Apple's erstwhile sapphire supplier, described the deal at a hearing in U.S. Bankruptcy Court in...

  • IRobot beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:39 PM ET

    BEDFORD, Mass. _ IRobot Corp. on Tuesday reported third-quarter earnings of $14.6 million. Analysts expected $134.8 million, according to Zacks. Analysts surveyed by Zacks had expected revenue of $168.7 million.

  • Cubist beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:27 PM ET

    LEXINGTON, Mass. _ Cubist Pharmaceuticals Inc. on Tuesday reported third-quarter net income of $22.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Analysts expected $302.5 million, according to Zacks.

  • Study finds drugs still in recalled supplements Tuesday, 21 Oct 2014 | 4:27 PM ET

    Pieter Cohen, an internist and researcher at Cambridge Health Alliance, a Boston- area health care system. The tested supplements were recalled by manufacturers after FDA raised concerns about drugs in their products. "There should be significant legal and financial consequences for manufacturers who the FDA finds to be continuing to sell these spiked...

  • BOSTON/ BEIJING, Oct 21- Apple Inc's iCloud storage service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the Beijing government is behind the campaign. An Apple representative declined comment on the allegations that Beijing was trying to spy on Apple customers, but noted that the...

  • Legal petition seeks NY ban on outdated rail cars Tuesday, 21 Oct 2014 | 2:12 PM ET

    ALBANY, N.Y.— A coalition of environmental groups and city residents filed a legal petition on Tuesday seeking a ban on older model rail tanker cars carrying volatile crude oil from North Dakota to the Port of Albany, citing their history of rupturing and exploding in a series of catastrophic derailments. Port facilities owned by Houston- based Buckeye Partners...

  • Jury rules against Texas company in guardrail case Tuesday, 21 Oct 2014 | 1:56 PM ET

    DALLAS— A jury has decided that a Texas company should pay $175 million in a case involving the safety of thousands of guardrails on highways around the country. The verdict against Trinity Industries Inc. was handed down Monday in federal district court in Marshall, Texas. The Marshall case was brought by whistleblower Josh Harman, a guardrail installer from...

  • Oct 21- A lawyer for GT Advanced Technologies Inc, a specialty glass supplier of Apple Inc, told a bankruptcy court on Tuesday the company was close to a settlement with the iPhone maker over access to information. Scant details have emerged since GT Advanced filed for bankruptcy on Oct. 6, wiping out most of its market value and triggering speculation as to what may...

  • Waters Corp. tops Street 3rd-quarter forecasts Tuesday, 21 Oct 2014 | 7:30 AM ET

    MILFORD, Mass. _ Waters Corp. on Tuesday reported earnings of $113.5 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share. Analysts expected $486.5 million, according to Zacks.

  • Staples investigating possible data breach Tuesday, 21 Oct 2014 | 7:27 AM ET

    NEW YORK— Staples is looking into a potential credit card data breach and has been in touch with law enforcement officials about the issue. Other breaches have occurred at retailers including Target Corp., Supervalu Inc. and Home Depot Inc.. Shares of Staples Inc., based in Framingham, Massachusetts, slipped 3 cents to $12.27 in midday trading.

  • Casino firms spend heavily to fight repeal of law Tuesday, 21 Oct 2014 | 4:35 AM ET

    BOSTON— Casino companies that have been awarded licenses in Massachusetts donated $4.5 million this month to a group fighting repeal of the state's casino gambling law, according to campaign finance records. Wynn Resorts plans a $1.6 billion resort casino in Everett, and the company, led by Las Vegas gambling mogul Steve Wynn, was awarded the coveted eastern...

  • Lawsuit claims website aids child sex trafficking Tuesday, 21 Oct 2014 | 2:55 AM ET

    SEATTLE— The Washington Supreme Court is set to hear arguments in a case filed by three sex trafficking victims who say the website Backpage.com helps promote the exploitation of children. A federal case was filed in Boston last week. Backpage.com asked a Supreme Court judge to dismiss the case.

  • BOSTON/ BEIJING, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. The attack comes several weeks after Apple said it would begin storing iCloud data for Chinese users on China...

  • CYS misses Street 3Q forecasts Monday, 20 Oct 2014 | 4:34 PM ET

    WALTHAM, Mass. _ CYS Investments Inc. on Monday reported third-quarter profit of $25 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Analysts expected $80.4 million, according to Zacks.

  • *Euro rises vs dollar, yen despite weak German data. NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya,...

  • NEW YORK, Oct 20- Dan Fuss, vice chairman and senior portfolio manager at Loomis Sayles, said he purchased some below investment-grade credits during last week's sell-off at "reasonably priced levels," bringing his portfolio cash levels down to 22 percent from 26 percent. "We bought some at reasonably priced levels but not fantastically cheap," said Fuss, who helps...

  • NEW YORK, Oct 20- Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen. Treasury market and dollar, "said Paresh Upadhyaya, portfolio manager, director of currency strategy at...

  • Cubist Pharma CEO Bonney will step down Dec. 31 Monday, 20 Oct 2014 | 10:13 AM ET

    NEW YORK— Antibiotic maker Cubist Pharmaceuticals said Monday that Michael Bonney will retire as CEO at the end of the year, and the company said it will promote President Robert Perez to take his place. Cubist Pharmaceuticals Inc. is based in Lexington, Massachusetts. Its shares rose 34 cents to $66.23 in morning trading Monday.

  • Detroit bankruptcy decision set for early November Monday, 20 Oct 2014 | 9:54 AM ET

    DETROIT— A judge pledged Monday to make a swift decision on Detroit's plan to get out of bankruptcy, signaling that the largest U.S. case of an insolvent local government could close in just a few more weeks. Judge Steven Rhodes said he'll start hearing final arguments on Oct. 27 and announce whether Detroit's plan is fair and feasible no later than Nov. 7.