NATIONAL TRANSPORTATION SAFETY BOARD TEAM IS EN ROUTE AND ACCOMPANIED BY TECHNICAL ADVISERS FROM BOEING AND U.S.» Read More
Sept 18- General Electric Co's decision to name rising star Lorenzo Simonelli to head its oil and gas equipment business signals just how important energy has become to the conglomerate as it retreats from finance and returns to its industrial roots.
HONG KONG, Sept 19- Wison Engineering Services Co Ltd, a supplier to PetroChina, said its executive director and chief financial officer Chen Wenfeng had resigned while a finance manager of the company was assisting in an unspecified investigation in China.
TOKYO, Sept 19- Japan's exports rose 14.7 percent in August from a year earlier as a weak yen and an increase in global demand boosted shipments of Japanese goods, government data showed on Thursday. The trade balance came to a deficit of 960.3 billion yen compared with the median estimate for a 1.1 trillion yen deficit.
Among the other names is Lacey Higgins, who supposedly received confidential information about Intel Corp from 2006 to 2009. A person with that name is identified in a LinkedIn profile as a supply demand analyst at Intel.
NEW YORK, Sept 18- Wall Street's knee-jerk reaction to the Federal Reserve choosing to keep the pedal to the monetary policy metal was loud and clear on Wednesday: Buy Buy Buy!
SAN FRANCISCO, Sept 18- Oracle Corp forecast sales and profit for its second quarter that fell short of expectations as it continues to battle soft global IT demand and smaller rivals focused on providing software over the Internet.
ABC had claimed that allowing Dish's Hopper system to remain on the market while a lawsuit between the two goes forward would cause ABC irreparable harm by threatening its ability to generate advertising revenue and disrupting its exclusive rights to control its programming.
Federal Reserve turned the table on investors, making big winners out of some nimble buyers and losers out of those who had expected policymakers to follow through on hints of a cut in their support for markets.
SYDNEY, Sept 19- The dollar languished at a seven-month low against a basket of major currencies in Asia on Thursday after the Federal Reserve wrong footed many investors who had positioned for a scaling back in its massive stimulus program. It has fallen to levels seen well before Fed Chief Ben Bernanke first floated the idea of tapering the stimulus back in May.
WASHINGTON, Sept 18- General Dynamics Corp has won a $187.5 million contract to upgrade 44 M1A1 Abrams tanks and 40 M1A2-model Abrams tanks for Saudi Arabia, the Pentagon announced Wednesday. The contract will help extend production at the company's Lima, Ohio, plant, which is facing challenges due to the U.S. Army's plan to stop tank production for several years.
SYDNEY, Sept 19- Asian shares and currencies looked set to surge on Thursday after the U.S. The prospect of low U.S. rates for longer should be a major relief to emerging markets which have been suffering from capital flight back to the developed world, with shares in Mexico and Brazil already leading the way higher.
WASHINGTON, Sept 18- Facebook Inc CEO Mark Zuckerberg on Wednesday said revelations about U.S. government surveillance hurt users' trust in Internet companies and that knowing more about the programs would help relieve some of the public concerns.
NEW YORK, Sept 18- Stocks and gold jumped while the U.S. dollar and bond yields fell sharply on Wednesday after the Federal Reserve surprised investors by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth.
WASHINGTON, Sept 18- Union members who work for American Airlines and US Airways Group rallied on Capitol Hill on Wednesday, urging the U.S. Justice Department to drop its opposition to a planned merger between the two airlines.
General Mark Welsh, the top uniformed officer in the Air Force, told industry executives at the Air Force conference this week that mounting budget pressures meant they had to "break the price curve" that has sent the cost of weapons systems skyrocketing over the past decades.
NEW YORK, Sept 18- Power market veteran Paul Posoli has returned to JPMorgan Chase& Co. after a year-long sabbatical to help advise on the bank's sale of its physical commodities business, according to an internal bank memo. John Anderson will continue to run JPMorgan's global gas and power business, the memo said.
SAN FRANCISCO, Sept 18- Take-Two Interactive Software Inc racked up a better-than-expected $800 million in first-day retail sales of "Grand Theft Auto V," the fifth installment of the lucrative franchise, which went on sale around the world on Tuesday.
WASHINGTON, Sept 18- A Republican nominee for a seat on the Federal Communications Commission, Michael O'Rielly, said on Wednesday that he favors an "extremely light" hand on regulation, drawing sharp remarks from some Democratic senators.
NEW YORK, Sept 18- Gold surged more than 4 percent on Wednesday, its biggest daily rise since June 2012, and oil and most other commodities rose too after the Federal Reserve surprised investors, saying it would maintain the same level of U.S. economic stimulus.
*Republicans offer plan to fund government beyond Oct. 1.