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  • WASHINGTON, Jan 15- The U.S. Navy plans to award contracts before the end of the first quarter to Lockheed Martin Corp and Australia's Austal for its next three Littoral Combat Ships as well as money to buy materials for a fourth, Navy officials said Thursday. Navy acquisition chief Sean Stackley told reporters the Navy was in talks with both companies and...

  • Jan 8- Pioneer Energy Services Corp said it had received early termination notices for contracts for four rigs in the first quarter as oil companies continue to cut capital spending in the wake of plunging oil prices. Brent crude rose 20 cents to $51.35 by 1121 GMT on Thursday. Larger peer Helmerich& Payne Inc said on Wednesday that rates for its high-tech rigs had...

  • Pioneer says four rig contracts terminated Thursday, 8 Jan 2015 | 8:23 AM ET

    Jan 8- Pioneer Energy Services Corp said it received early termination notices for contracts for four rigs in the first quarter, as oil companies continue to cut back on capital spending. The company also said it expected to idle seven more rigs in the next month, with two more going offline by the end of the quarter. Pioneer said it expected 89 percent of its rigs to...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty...

  • LONDON, Dec 31- Asia Resource Minerals said on Wednesday that a Singapore tribunal has ruled that former executive Rosan Roeslani has to repay the company $173 million, plus interest and legal costs, lifting its shares by more than 300 percent. The coal producer, formerly known as Bumi, launched the arbitration in Singapore a year ago to enforce a previous...

  • SHANGHAI, Dec 31- Activity in China's factory sector shrank for the first time in seven months in December, a private survey showed on Wednesday, highlighting the urgency behind a series of surprise easing moves by Beijing in the past two months. The weak performance will add to the debate over whether Beijing needs to roll out more support measures to avert a...

  • China Dec HSBC factory PMI contracts to 7-month low Tuesday, 30 Dec 2014 | 8:45 PM ET

    SHANGHAI, Dec 31- Activity in China's factory sector shrank for the first time in seven months in December, a private business survey showed on Wednesday, highlighting the urgency behind a series of surprise easing moves by Beijing in the past two months. The weak performance will add to the debate over whether Beijing needs to engage in more policy easing or...

  • TRIPOLI, Dec 29- Libya's recognized government has contracted a U.S. firefighter firm to help extinguish fires at storage tanks at the Es Sider oil port, a spokesman said on Monday. The value of the contract was $6 million, the statement said, without naming the company. Fire has been raging for days at several storage tanks at Es Sider, Libya's biggest oil port, due to...

  • Dec 23- A Financial Industry Regulatory Authority arbitration panel ordered Cantor Fitzgerald& Co and BGC Financial LP to jointly pay about $1 million in damages to a former employee for breach of contract. Raymond Walton alleged that Cantor Fitzgerald and BGC Financial failed to pay him agreed-upon amounts. Attorneys for Walton, Cantor Fitzgerald and BGC...

  • MEXICO CITY, Dec 19- Mexico's state oil company Pemex is renegotiating service contracts worth hundreds of millions of dollars in a drive to cut costs as it grapples with falling crude prices, its chief executive said. Mexico's main crude export mix is worth even less, trading around $51 a barrel on Friday, while Pemex's average production costs are about $22 per...

  • Amazon staff in Germany extend strike to Christmas Eve Friday, 19 Dec 2014 | 11:50 AM ET

    Industrial action this week had already been extended until Saturday in four of Amazon's nine distribution centers in Germany and until Dec. 24 at one warehouse. The union has organized frequent strikes at Amazon in Germany since May 2013 as it seeks to force the retailer to raise pay for warehouse workers in accordance with collective bargaining agreements...

  • METALS-Shanghai copper climbs on China economy hopes Wednesday, 17 Dec 2014 | 8:31 PM ET

    SYDNEY, Dec 17- Shanghai copper inched up in early trade on Thursday on signs of economic stabilisation in China. *The most-traded copper contract on the Shanghai Futures Exchange had climbed 0.38 percent to percent to 45,440 yuan a tonne by 0105 GMT. *China's economy showed mild signs of stabilisation in the fourth quarter, but corporates remained cautious on...

  • SHANGHAI, Dec 15- Chinese trainmaker CSR Corp Ltd said it won 1.7 billion yuan worth of orders from Argentina, as Chinese rail firms increasingly flex their muscles overseas. China Railway Construction Corp Ltd signed a $12 billion railway contract in Nigeria in November, the largest single overseas construction deal won by a Chinese firm.

  • JOHANNESBURG, Dec 12- South Africa will announce a series of renewable energy projects on Monday that will add 1,000 megawatts of power into the country's constrained electricity grid, sources close to the deals told Reuters. Another non-government source familiar with the bidding said the following firms were strong contenders: Johannesburg- based...

  • SHANGHAI, Dec 4- Chinese coal miners are raising spot prices in a domestic market struggling to recover from seven-year lows, desperate for an edge in annual negotiations to supply power plants, key buyers in the world's biggest consumer of coal, industry sources say. Discussions on annual contracts for 2015 are being closely watched abroad as any sustained...

  • The FCC had asked media companies to disclose their contracts with pay-TV providers as it reviewed AT&T Inc's acquisition of DirecTV and Comcast Corp's merger with Time Warner Cable Inc.. Media companies including Time Warner, Walt Disney Co and CBS Corp had approached the U.S. Court of Appeals for the District of Columbia Circuit, saying the FCC's order would...

  • Nov 21- A U.S. federal appeals court has stayed the Federal Communications Commission's order requiring broadcast and cable companies to disclose programming contracts. The FCC had asked media companies to disclose their contracts with pay-TV providers as it reviewed AT&T Inc's acquisition of DirecTV and Comcast Corp's merger with Time Warner Cable Inc..

  • Nov 19- A Houston- based wealth management firm must pay more than $3.8 million to a group of 19 ExxonMobil retirees who said the company mismanaged their investments and misled them about its trading strategy, according to a securities arbitration ruling. The ruling by a panel of three Financial Industry Regulatory Authority arbitrators found USCA Capital...

  • The SEC oversees and examines FINRA, which is a private organization. At issue was whether an exemption to the Freedom of Information Act should allow the SEC to keep certain records about arbitration under seal. In 2010, the SEC claimed such an exemption in turning down a request by the Public Investors Arbitration Bar Association a group of lawyers whose...

  • TORONTO, Nov 3- The union that represents workers along the St. Lawrence Seaway has agreed to take a contract dispute to arbitration, avoiding a strike that would have shut the waterway linking the Great Lakes and the Atlantic Ocean. Some 460 Unifor members work for the not-for-profit St. Lawrence Seaway Management Corp..