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NEW YORK/ ATLANTA, July 31- Billionaire Russian businessman Gennady Timchenko, a long-time associate of Russian President Vladimir Putin, plans to seek U.S. government-backed funding to buy luxury aircraft, Reuters has learned.
WASHINGTON, July 24- Shares of some U.S. arms makers hit all-time highs on Wednesday after they reported higher quarterly earnings and raised their full-year forecasts despite Pentagon budget cuts and weakening order backlogs.
WASHINGTON, July 24- General Dynamics Corp reported higher-than-expected second-quarter earnings on Wednesday, with strength in its Gulfstream jet division offsetting declines in a defense business feeling the heat of Pentagon budget cuts.
The Pentagon began implementing $37 billion in mandated budget cuts for fiscal 2013 in March, and it faces additional cuts of $50 billion annually over the next nine years unless Congress acts to avert a process known as "sequestration."
WASHINGTON, July 24- General Dynamics Corp reported higher-than-expected second-quarter earnings on Wednesday but said its backlog was down more than 5 percent from a year earlier. The maker of tanks, ships and Gulfstream jets reported net earnings of $640 million, or $1.81 per share, up from $634 million, or $1.77 per share, a year earlier.
Within days of breaking through to record highs, stocks are set to smash through another milestone, but after 1700, the path for the S&P 500 is less certain.
WASHINGTON, July 23- The Pentagon's top supplier, Lockheed Martin Corp, on Tuesday boosted second-quarter earnings by 10 percent and raised its full-year profit forecast, saying that long-dreaded U.S. budget cuts failed to hurt its sales as much as expected.
Investors appear to be betting that the U.S. defense industry will be able to offset tens of billions in shrinking orders for swords with new, long-term contracts for plowshares.
After a two-week hiatus for summer break, Talking Squawk, the official "Squawk Box" blog, is back (lucky you) with all the tidbits, insights and sarcasm you expect.
WASHINGTON, July 15- Citing waning demand, U.S. weapons maker General Dynamics Corp on Monday said it would consolidate its two combat systems businesses and close the Charlotte, North Carolina, headquarters of one of them by the end of 2013..
*JPMorgan profit jumps in quarter. NEW YORK, July 12- U.S. stock index futures were little changed Friday after stocks closed at fresh highs a day earlier, in the wake of quarterly results from JPMorgan and ahead of data on inflation and consumer sentiment. *JPMorgan Chase& Co, the largest U.S. bank by assets, dipped 0.5 percent to $54.85 in premarket trade.
*Snowden meets human rights groups in Moscow Friday. MOSCOW, July 12- When an Aeroflot plane from Moscow took an unusually southerly course to Havana on Thursday, it quickly triggered speculation that American fugitive Edward Snowden could be on board.
SAN FRANCISCO, July 3- Silicon Valley has tried to distance itself from the controversial U.S. surveillance programs exposed by Edward Snowden, but there is a long history of close cooperation between technology companies and the intelligence community.
Check out which companies are making headlines after the bell Wednesday:
Warren Buffett's Berkshire Hathaway has eliminated its holdings of two stocks: Archer Daniels Midland and General Dynamics.
As American defense companies prepare to feel the ill effects of the sequester on their bottom lines, the companies are increasingly looking to court new customers abroad.
Apple briefly got some of its shine back, after it delivered a package of capital programs that shareholders have been clamoring for.
It's make-or-break time for the first-quarter earnings season, and it comes just as the stock market is showing signs of strain.
The market doesn't think the terrible attacks in Boston are a prelude to a new war.