ABOARD USS INDEPENDENCE— Operating costs for the U.S. Navy's newest ships will decline and "become more normal" over time, Navy Secretary Ray Mabus said Thursday.» Read More
Okay--time to look at who's "stock picking" star is shining among our show celebs competing in "Trading With The Stars. CNBC show producers are getting into the act with comments like "Now he's kicking butt" and "Go Tucker Go!" Here's why they're saying that.
Oil prices finished slightly higher Tuesday, after a volatile day that saw prices fall by more than $1 per barrel and then rebound to a 2007 high.
A sell off in global stock markets is depressing Wall Street ahead of the opening and setting the stage for what will likely be a choppy trading day. The Shanghai market was the worst hit, losing 9%, its steepest decline in 10 years. The weakness extended across Asian markets and European stocks are lower.
Cramer continues his list of the top 10 potential anti-competitive deals coming before 2008.
Europe will start the week without the aid of U.S. and Asia as President’s Day and Chinese New Year mean both markets will be closed on Monday 19th.
The Chicago-based company tweaked its 767 design to improve fuel efficiency, among other factors, in hopes of beating rival Northrop Grumman.
Northrop Grumman and its Franco-German partner EADS will bid against Boeing in a $40 billion U.S. competition for new aerial refueling tankers, Northrop announced today.
Lockheed Martin and Northrop Grumman reported sharp increases in fourth-quarter profit on Thursday and raised full-year forecasts, as two of the world's largest defense contractors capitalized on the continuing boom in U.S. military spending.
The company, which makes Abrams tanks and Stryker combat vehicles for the U.S. Army as well as Gulfstream jets, reported net profit of $408 million, or $1 a share, compared with $406 million, or $1 a share, a year earlier.
Shares of Boeing fell sharply after Wachovia downgraded the aerospace and defense company to market perform from outperform.
More than 1,000 machinists will return to work at Raytheon Missile Systems next week after a 70-day strike, the company said Sunday.
Today, additional U.S. troops are heading to Iraq as a part of the President’s plan to increase armed forces on the ground. A large percentage of the 21,500 additional service men and women will be stationed in Baghdad to help fight insurgents. Asked how long that buildup might last, Defense Secretary Robert Gates said...
The U.S. government spent some $30 billion on the defense in 2006--and that helped make stocks in the sector quite valuable to investors. As we look into 2007, the question about how defense stocks will do this year was a topic on "Morning Call" (we had viewer email submissions). The question may be even more important as the Democrats take control of Congress.
IBM and Siemens have been commissioned by the German armed forces to oversee a 7.1 billion-euro ($9.3-billion), 10-year IT modernization project, the two companies confirmed on Thursday.
France's Defense Ministry said Friday it awarded a 7.9 billion euro ($10.4 billion) contract for nuclear-propelled submarines to state-owned warship builder DCN and nuclear energy group Areva.
The F-35's safe first flight is an important step toward full production of the $276.5 billion fighter project, which Lockheed Martin is developing.
Lockheed Martin shares hit an all-time high on reports of new aircraft orders from the U.S. Air Force.
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