CANBERRA, Australia— Australia announced Wednesday that it had increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane. "This is one of the largest defense purchases that Australia has ever made," Abbott told reporters.» Read More
Turning the tables on a China-based computer espionage gang, Canadian and United States computer security researchers have monitored a spying operation for the past eight months, observing while the intruders pilfered classified and restricted documents from the highest levels of the Indian Defense Ministry.
Now that landmark legislation overhauling the health insurance system is about to become law, addressing Social Security’s solvency could well become the next big thing for President Obama and Congressional Democrats.
These Somali pirates picked the wrong ship to hijack. Troops aboard the Dutch warship HNLMS Tromp fired warning shots Wednesday off the coast of East Africa as suspected Somali pirates in two small skiffs raced toward their warship, the EU Naval Force said.
The public spat between Greece and Germany over the issue of World War II reparations deepened Friday, when Greek Prime Minister George Papandreou backed up his deputy's earlier claims by saying that the issue was still "open."
As Greece scrambles to cover its burgeoning national deficit and looks to German pockets for aid, a sideswipe from Greece's Deputy Prime Minister Theodoros Pangalos over World War II reparations could be a bad move, analysts told CNBC Thursday.
President Obama would have to battle liberals, persuade China to boost its currency 40%, get the world economy to grow much faster and cut taxes for US exporters, the NY Times reports.
As the economy recovers and the outlook for jobs improves, employers are looking to hire again. That’s why now is a good time for the business community to make a belated resolution for 2010: to make the hiring of Soldiers and veterans a top national priority.
As President Obama takes the stage tonight, he will discuss many issues surrounding Afghanistan. One issue he apparently won't be discussing is how to pay for this surge.
Venezuelan President Hugo Chavez lashed out at an agreement for American troops to use more Colombian military bases on Friday, accusing the U.S. of aiming to start a conflict and urging his military to be prepared.
Khalid Shaikh Mohammed, the self-described mastermind of the Sept. 11 attacks, and four other men accused in the plot will be prosecuted in federal court in New York City, a federal law enforcement official said early on Friday.
Over the years I’ve traveled on many field assignments, met CEOs of the biggest companies on earth, and powerful world leaders. In the past I’ve been humbled by some of these experiences. But last week I had one of the most truly humbling and eye-opening experiences of my life, and it had nothing to do with meeting an executive or a member of royalty. It was the men and women of The United States Navy.
CNBC Producer Lulu Chiang had the rare opportunity to be a guest on the USS Harry S. Truman, home to 3000 sailors. The Harry S. Truman embarked on its maiden deployment November 28, 2000.
The Air Force will soon release its final request for proposed bids in the long saga of replacing it's mid-air refueling tankers. Boeing and Northrop Grumman/EADS are facing off again for a massive deal that will start at $35 billion, but could end up over $100 billion.
After stumbling in his transition from backstage player to out-front crisis manager, Treasury Secretary Timothy Geithner has since quieted critics inside and outside the administration. But with the economy still hovering between recession and recovery, multiple tests of his judgment and political dexterity lie ahead.
Secretary of Defense Robert Gates announced that he is returning the authority to choose the next Air Force refueling tanker back to the Air Force.
Somali pirates holding a hijacked ship off the coast of Somalia fired at a U.S. Navy helicopter as it made a surveillance flight over the vessel, the first such attack by pirates on an American military aircraft, the Navy said Thursday.
In a classroom at the UCLA Anderson School of Management, a professor is running through the calculations needed to figure out "the IRR". That's the internal rate of return. A group of 20 men and women take notes. "The cash flow I get in year one needs to be brought back by some rate of return," he tells them, scribbling on a whiteboard.
Anybody I’m connected with on Twitter or Facebook has surely noticed me giving lots of character-love to the online charity event Tweet to ReMIND, which hits fever pitch now as we approach Memorial Day Weekend.
The cyberwar games at West Point are just one example of a heightened awareness across the military that it must treat the threat of a computer attack as seriously as it does an attack carried out by a bomber or combat brigade.
The captain of an American cargo ship held hostage by armed Somali pirates was rescued on Sunday by United States Navy personnel, who killed three of his captors, government and shipping officials said.