BAE Systems is braced for the imposition of strict curbs on its business by the U.S., as it moves closer to resolving a year-long review by the State Department of its guilty plea to a conspiracy charge last year, the Financial Times reported.
Washington Post columnist John Pomfret argues the recent test flight of the J-20 stealth fighter just hours before U.S. Defense Secretary Robert M. Gates met with Chinese President Hu Jintao was a blunt challenge by the military establishment to Hu's power. Pomfret surmises there is chaos within China's political circles because it appeared to Gates that Hu did not know of the test. Pomfret's hypothesis would certainly be a scary if true.
The Egyptian stock market will likely tumble another 10 percent before investors put some cash in and try to stage a rally, after which the benchmark index could regain a third of its losses, according to historical trends, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday.
New York City police say a suspicious letter sent to a midtown Manhattan bank turned out to be a greeting card from a headhunting firm.
Defense contractor ITT says it will split itself into three publicly traded companies, separating its defense and information business, its water technology unit and its industrial products business.
Chemical giant Transammonia is ending all ties with Iran following a CNBC investigation into its business dealings there.
More than 36 percent of the tuition payments made in the first year of the program—a total of $640 million in tuition and fees—went to for-profit colleges, like the University of Phoenix, according to data compiled by the Department of Veterans Affairs, even though these colleges serve only about 9 percent of the overall population at higher education institutions nationwide, the New York Times reports.