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  • Oct 23- A Chicago federal judge on Thursday rejected Northrop Grumman Corp's bid to dismiss a lawsuit by a former employee who accused the defense contractor of defrauding the U.S. government in performing a contract to develop a missile defense system for commercial aircraft. District Judge Manish Shah said the employee, Illinois resident Leo Danielides,...

  • Newport maker Lorillard's 3Q profit jumps 12 pct Thursday, 23 Oct 2014 | 7:33 AM ET

    RICHMOND, Va.— Newport maker Lorillard Inc.' s third-quarter profit jumped 12 percent as higher cigarette prices helped offset a decline in the number of cigarettes it sold. Despite the drop in sales, Lorillard, which bought Blu in 2012 for $135 million, said the brand continued to hold a nearly 30 percent share of the U.S. retail market. Last year, Lorillard bought a...

  • *Gulf airlines using Italy as base for expansion. Italy is Europe's fourth largest travel market, one of the world's top tourist destinations and its thriving fashion and leather industry underpin demand for business travel. That is taking passengers away from Germany's Lufthansa, British Airways and Air France-KLM in Europe, and Delta Air Lines and American...

  • UPDATE 1-Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 5:09 PM ET

    Government Accountability Office challenging the Air Force's decision to pick Raytheon Co to develop a new long-range radar. Raytheon earlier this month beat out Northrop and Lockheed to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. The Air Force issued a stop-work order to Raytheon on Tuesday...

  • Camel maker Reynolds snuffs out workplace smoking Wednesday, 22 Oct 2014 | 2:54 PM ET

    RICHMOND, Va.— Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings. The no-smoking policy will go into effect once Reynolds builds indoor smoking areas for those still wanting to light up indoors, spokesman David Howard said. First released in the mid-1990s, Eclipse is in limited distribution and one of the...

  • 'Silicon Beach' brings tech boom to Los Angeles Wednesday, 22 Oct 2014 | 1:41 PM ET

    LOS ANGELES— So long Silicon Valley. In the past few years Google, Microsoft, Facebook, and YouTube have opened offices on the west side of Los Angeles from Santa Monica south to Venice and Playa del Rey. "Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik...

  • General Dynamics Corp shares were up 3 percent at $127.60 in early afternoon after the maker of tanks, ships and business jets reported that quarterly net profit rose 6.4 percent to $694 million, or $2.05 per share, and raised its earnings forecast by 25 cents a share. Northrop posted a 5 percent drop in net earnings to $473 million, or $2.26 per share, from $497...

  • Spot will cost you: Pet rents become apartment fad Wednesday, 22 Oct 2014 | 10:53 AM ET

    Now, a monthly rental payment ranging from $10 to $50 is quickly becoming the norm, adding to the cost. With a third of the country's population— 103 million people— living in apartments, according to the Arlington, Virginia- based National Apartment Association, loads of pet owners are facing extra costs. That's something Fred Lopez, of the small Los Angeles suburb...

  • Norfolk Southern railroad 3Q profit up 16 percent Wednesday, 22 Oct 2014 | 8:09 AM ET

    OMAHA, Neb.— Norfolk Southern Corp. delivered 16 percent higher third-quarter profit as it hauled more freight, but the railroad's results fell short of expectations because coal and pricing remained weak. Norfolk Southern said it is training hundreds more workers to help handle the increase in freight traffic, and it expects to receive nearly 100 more...

  • Lumber Liquidators misses Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:21 AM ET

    TOANO, Va.— Lumber Liquidators Holdings Inc. on Wednesday reported profit of $15.7 million in its third quarter. Analysts expected $273.2 million, according to Zacks. For the current quarter ending in December, Lumber Liquidators said it expects revenue in the range of $275 million to $290 million.

  • Northrop Grumman beats Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:12 AM ET

    FALLS CHURCH, Va. _ Northrop Grumman Corp. on Wednesday reported profit of $473 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share. Northrop Grumman expects full-year earnings to be $9.40 to $9.50 per share, with revenue expected to be $23.8 billion.

  • General Dynamics tops Street 3Q forecasts Wednesday, 22 Oct 2014 | 7:09 AM ET

    FALLS CHURCH, Va. _ General Dynamics Corp. on Wednesday reported third-quarter net income of $696 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share. Analysts expected $7.58 billion, according to Zacks.

  • Mars to invest $31 million, hire 25 in Greenville Tuesday, 21 Oct 2014 | 5:54 PM ET

    GREENVILLE, Miss.— Mars Food, which makes Uncle Ben's Rice and other products at its Greenville plant, will invest $31 million to modernize operations and expand research at the plant. MDA spokesman Jeff Rent said Tuesday that Greenville and Washington County are not offering local property tax breaks. "We have a long and proud history here in Mississippi, and this...

  • *China Q3 growth slowest since 2009 but less weak vs forecast. NEW YORK, Oct 21- U.S. Treasuries prices fell on Tuesday as less worrisome data on China and a report on the European Central Bank possibly moving to buy regional corporate bonds allayed some concerns about the global economy and reduced safe-haven bids for low-risk government debt.

  • US oversight increased at Millstone nuclear plant Tuesday, 21 Oct 2014 | 2:07 PM ET

    WATERFORD, Conn.— The Nuclear Regulatory Commission is stepping up oversight at Connecticut's nuclear plant following a safety violation, the federal agency said Tuesday. The Millstone Power Station in Waterford was cited for failure to address repetitive problems with a pump that is part of a backup safety system. Millstone, which is owned by Richmond,...

  • 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...

  • New efforts to ban tobacco farm child labor Tuesday, 21 Oct 2014 | 12:45 PM ET

    "I think that many members of Congress have been shocked that children are suffering nicotine poisoning from working in U.S. tobacco fields," said Jo Becker, Human Rights Watch's children's rights advocacy director. Philip Morris International, which limits the type of work children can do on tobacco farms, says it would like to see stronger U.S. regulations in...

  • US orders new screening for Ebola Tuesday, 21 Oct 2014 | 12:04 PM ET

    WASHINGTON— Everyone coming to the United States from the three West African countries at the center of the Ebola outbreak will now be screened for the deadly disease at one of five airports, the Homeland Security Department said Tuesday. Earlier this month, Customs and Border Protection officers at New York's Kennedy, Newark Liberty, Washington's Dulles,...

  • Reynolds' net rises on higher cigarette prices Tuesday, 21 Oct 2014 | 7:42 AM ET

    The Winston-Salem, North Carolina- based company said its profit rose to $467 million, or 88 cents per share, for the quarter which ended Sept. 30, up from $457 million, or 84 cents per share, in the same quarter last year. Reynolds' adjusted earnings of 95 cents per share beat expectations for 91 cents per share, according to Zacks Investment Research.

  • Arguments made, no ruling in eminent domain case Tuesday, 21 Oct 2014 | 2:54 AM ET

    ATLANTIC CITY, N.J.— The piano-tuner battling to save his family home from being seized through eminent domain looks out the three-story brick house in the shadow of the closed $2.4 billion Revel Casino Hotel and sees one constant in the community: vacant land. Attorneys for Birnbaum and the Casino Reinvestment Development Authority sparred in court Tuesday...