July 31- An employee complaint exposed accounting misconduct at L-3 Communications Holdings Inc, according to people familiar with the matter, prompting the aerospace and defense supplier to fire four people, revise two years of earnings statements and cut its earnings forecast.» Read More
*L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and cost overruns in the company's aerospace business.
NEW YORK— Stocks are opening lower as investors react to more disappointing earnings from companies. L-3 Communications Holdings plunged 14 percent, the most in the Standard& Poor's 500 index, after the company reported that it was investigating accounting irregularities at is Aerospace Systems unit.
*L-3 to take related pretax charge of $84 mln. July 31- L-3 Communications Holdings Inc said it fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business.
July 31- L-3 Communications Holdings Inc said it had fired four employees as part of an ongoing internal review that revealed overstatement of net sales and deferred cost overruns in the company's aerospace business. L-3 said it expected a related reduction of about $43 million in net sales and a pre-tax charge of $84 million.
The U.S. Air Force is calling for an end to big-ticket items like the error-ridden F-35 in order to save money. Fiscal Times reports.
July 31- Canada's Bombardier Inc reported a slightly higher-than-expected second-quarter profit, boosted by higher sales of planes and trains. Aerospace revenue rose 11.4 percent to $2.51 billion in the quarter, while revenue at its transportation business climbed 9.4 percent to $2.36 billion.
PARIS, July 31- French aerospace group Safran raised its profit target on the back of higher-than-expected first-half earnings on Thursday, pushing its shares higher despite slower services growth and rising R&D spending.
The 80- year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30, but critics led by Texas congressman Jeb Hensarling have decried it as corporate welfare.
PARIS— European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes. Airbus competes fiercely with Chicago- based Boeing Co. in the global market for large civilian aircraft.
PARIS, July 30- Airbus Group on Wednesday reported first-half underlying operating profit up 10 percent and reaffirmed its forecasts for the year, seeking to dampen concerns among some investors about the health of the commercial jetliner market.
PARIS, July 30- Airbus Group on Wednesday reported first-half underlying operating profit rose 10 percent and reaffirmed its forecasts for the year, telling investors not to worry about the health of the commercial jetliner market.
SINGAPORE, July 30- Boeing has this year raised by 7 percent its forecast for global demand for commercial airline pilots to 533,000 over the next 20 years, citing rising deliveries of aircraft and buoyant demand from the Asia Pacific. In June, Boeing said that airlines are projected to order 36,800 new planes worth $5.2 trillion over the next 20 years.
July 29- Eaton Corp tempered its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business and dented some Wall Street hopes for a near-term spin-off of its vehicle business, sending its shares down 6 percent.
ALBANY, N.Y.— Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space. The not-for-profit BoldlyGo Institute wants to put its ASTRO-1 telescope in orbit by the mid-2020s. The group, whose board includes members with links to NASA, also wants to fund an unmanned trip to Mars.
*Skymark says Airbus did not give it a chance to negotiate. *Airbus says Skymark was unable to perform on contract. TOKYO/ PARIS, July 29- Airbus said on Tuesday it had revoked an order for six A380 superjumbos from Skymark Airlines, losing the only Japanese customer for its biggest jet after the discount carrier struggled to raise cash to pay instalments.
July 29- U.S. manufacturer Eaton Corp lowered the top end of its full-year profit forecast on Tuesday due to weaker margins in its electrical systems business, sending its shares down more than 3 percent. Eaton now expects 2014 earnings in a range of $4.50 to $4.70 per share, lowering the top end from $4.90.
Assuming Israel gets the quiet it wants, what does it intend to do with Gaza?, asks former Israeli foreign minister Shlomo Ben Ami.
July 29- Eaton Corp, a maker of electrical and hydraulic systems, reported a 3 percent rise in quarterly sales and said it recorded strong bookings in its electrical and aerospace businesses.
WASHINGTON— President Barack Obama says the downing of a passenger jet in Ukraine "may stiffen the spine of our European partners" as they consider additional sanctions against Russia. Obama welcomed Europe's earlier sanctions against Russia, but says the actions have come "not always as fast as we'd like."
A commercial jetliner carrying 116 people disappeared over west Africa after losing contact with air traffic controllers. NBC News reports.
The business world has seen numerous individuals put their marriages, careers and good standing at risk for an extramarital dalliance. CNBC.com presents a list of people who went outside of their marriages for intimate relationships.
A top U.S. general in Afghanistan is now under investigation, with CNBC's Eamon Javers. Jeremy Kroll, K2 Intelligence, and Julian Sanchez, Cato Institute, also discuss cyber security.
CNBC's Jane Wells takes a look at the rise of women in companies that used to be dominated by men.