Topic: Defense

European Union forces on Tuesday attacked a Somali pirate base for the first time, using a combat helicopter to strafe several of the signature fiberglass skiffs that the pirates use to hijack ships, the New York Times reports.

Reducing government deficits Mitt Romney's way would mean less money for health care for the poor and disabled and big cuts to nuts-and-bolts functions such as food inspection, border security and education.

India test-fired a long range missile capable of reaching deep into China and Europe on Thursday, thrusting the emerging Asian power into an elite club of nations with intercontinental nuclear weapons capabilities.

Although there are no shortages of veteran hiring initiatives on Wall Street, very few banks have hiring programs specifically for combat veterans. Despite all the hype, vets still have to apply online like everyone else and compete against other civilian job seekers, who typically have more relevant industry experience than they do.

"Veterans have led in the field; they can lead in a factory or research facility. Veterans believe in getting the job done and doing it in the right way," writes GE Chairman and CEO Jeff Immelt.

Two mortgage brokers in Georgia became instant millionaires after successfully suing banks for defrauding military veterans in Veterans administration home loans by hiding unallowable fees in mortgage documents.

Europe's EADS predicted a significant improvement in operating profit in 2012 as it posted better-than-expected 2011 earnings on the back of an improved commercial performance at Airbus and progress in bringing costs under control on its A380 superjumbo.

China will boost military spending by 11.2 percent this year, the government said on Sunday, unveiling Beijing's first Defense budget since President Obama launched a "pivot" to reinforce US influence across the Asia-Pacific.

The French-built Rafale emerged on Tuesday as preferred bidder in a $15 billion contest to supply India with 126 warplanes, lifting hopes for a sale that would boost France's national pride and restore the luster of its aviation sector.

Russia said it had brought a blaze aboard a nuclear submarine under control on Friday by partially submerging the vessel at a naval shipyard, after hours of dousing the flames with water from helicopters and tug boats.

The toll from a series of explosions that rocked Baghdad on Thursday rose to 57 killed and 179 others wounded, Iraq's health ministry spokesman said.

Airlines worldwide face severe losses next year if Europe's politicians fail to get to grips with the region's debt crisis, the industry's leading trade group warned on Wednesday.

Despite spending tens of millions of dollars on the project, General Electric and Rolls Royce are giving up on funding an alternate engine for Lockheed Martin's F-35 joint strike fighter.

Romney squeaks to victory, the GOP takes Congress, Obama raises taxes and the Fed keeps rates on hold.