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  • Space Shuttle Endeavour

    From Florida's Space Coast to contractors in Connecticut and Georgia. jobs and business will be lost — some, probably forever.

  • Buzz Aldrin stands on moon surface with US flag during Apollo 11 mission.

    The end of NASA’s space shuttle program will limit U.S. manned flight in the short term but is unlikely to threaten the country's long-term competitiveness in the space sector.

  • Artist rendering of the Sierra Nevada Corp. Dream Chaser, which justreceived $80 million from NASA. It is one of the new generation ofprivate-sector space vehicles that will carry humans and cargo to theInternational Space Station.

    The space agency is leaving the low-orbit travel to the private sector and focusing its R&D efforts on exploring deep space.

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    With the final space shuttle flying, many wonder, what’s next? Well, tighten your seat belt. The second great space race is about to begin and it could shave two to three years off astronauts' down time without something American to fly.

  • It's time to get defensive on stocks, Bill Spiropoulos, CoreStates Capital Advisors chief executive, told CNBC Wednesday. "You can still see upward trends but you have to take a stance and have multiple strategies in multiple markets."

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    Rising life expectancies coupled with escalating health-care costs will force the baby boom generation to rethink the conventional retirement wisdom of cashing in stocks for bonds.

  • President Obama wants to extend tax middle class tax cuts and eliminate tax breaks for millionaires, billionaires.

    President Obama, after signing an extension of the Bush tax cuts last December, relapsed once again at his news conference today. It was the usual bashing of millionaires and billionaires, oil companies, corporate jets (made by Cessna and Hawker-Beechcraft), and investment funds.

  • bank_vault_200.jpg

    Shockingly, financials (as represented by the XLF etf ) are valued lower today than they were in the fourth quarter of 2009, a time when asset quality was unknown and the very survival of the financial system was in doubt. This makes no logical sense.

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    Ranking  No. 1 for the 5th year running, California surpassed even its own 2010 performance. Yet, tech-savvy runners-up to the Silicon Valley state aren’t that far behind.

  • boeing_deamliner_787_200.jpg

    Boeing says its new 787 is beginning the final phase of flight testing and repeated that it should be ready for delivery in August or September.

  • The new Boeing 747-8 Intercontinental lands at Le Bourget airport near Paris.

    Indian airlines walked away from the Paris Air Show with a third of the airplane orders last week — a $23 billion gamble that air will finally conquer rail despite a formidable list ofobstacles. 

  • Stocks ended lower Friday with the Dow and S&P closing down for the seventh week out of eight amid continuing jitters over the euro zone debt crisis.

  • A contract for 200 Airbus 320NEO, along with an option for another hundred aircrafts, are expected to be unveiled by the pan-European plane builder Airbus on Thursday.

  • Stocks fell in the final hour of trading to close lower Wednesday after Fed chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but offered no hint about plans for new stimulus measures.

  • Stocks slipped slightly after Federal Reserve chairman Ben Bernanke acknowledged that the pace of the economic recovery is slower than expected, but gave no further clue for new stimulus plans.

  • Stocks traded flat Wednesday, cutting earlier losses, ahead of the Federal Reserve's decision on monetary policy and waited for comments from chairman Ben Bernanke later this afternoon.

  • Federal Reserve Bank Chairman Ben Bernanke

    When the Fed statement comes out, "we’re going to have not quite two hours to diagram all the sentences and see if he used the passive periphrastic in any place and then wait and ask Mr. Bernanke what it all means," said Art Cashin, UBS Financial Services' director of floor operations

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    The announcement that Ryanair will develop a new airplane with state-backed Chinese aircraft manufacturer COMAC on Tuesday at the Paris Air Show is the latest step towards a Chinese-made large commercial airplane.

  • A sometimes under-skilled workforce  and shortage of job training is compounding unemployment at home, while technological innovation and product development is paying off abroad.   

  • Walmart Truck

    The Wal-Mart victory handed down by the Supremes today is a great win for all business, and a huge defeat for frivolous class-action lawsuits.