President Barack Obama has thrown away decades of foreign policy wins in the Mideast, says Niall Ferguson, a Harvard historian and biographer of Henry Kissinger.
Frank Kendall has a lot of power with the defense industry, and he represents its number one customer — the U.S. taxpayer.
Defense companies are seeing fewer contracts, so they are using part of their profits to buy back shares and boost stock prices. However, Frank Kendall thinks some of those profits, which come from taxpayers, should be put into R&D. He is the Undersecretary for Acquisitions at the Pentagon, the man with the checkbook.
The F-35 is the most expensive program in Pentagon history, and has been filled with setbacks. But Defense Undersecretary for Acquisitions Frank Kendall has faith in the aircraft, though he would have developed the program differently.
In the face of lower defense spending, defense companies may consolidate. Lockheed Martin's purchase of Sikorsky may close this month and the man at the Pentagon in charge of spending money -- Undersecretary Frank Kendall -- is concerned he will end up with only a few large companies to choose from.
Boeing successfully challenged a decision awarding the Air Force refueling tanker contract to a rival, but at a cost. The program has been delayed and expensive, and the Pentagon's head of acquisitions says Boeing is on the hook for much of the extra costs, impacting its ability to make money on the program.
President Obama is set to announce he will slow plans to draw down U.S. troops from Afghanistan and keep the current force of 9,800 through most of 2016.
The number of troops to remain in Afghanistan is much higher than President Obama's original target of 1,000, reports CNBC's Joe Kernen.
The U.S. Defense Secretary said the US military would sail and fly wherever international law allowed, including the disputed South China Sea.
Malaysia Airlines Flight 17 was shot down over eastern Ukraine by a Russian-made Buk missile, the Dutch Safety Board has concluded.
India, Japan and the U.S. will hold joint naval exercises each year, Indian government sources said, a move likely to concern China.
Eurogroup’s president, Jeroen Dijsselbloem, urges the Kremlin to work together with the West when it comes to the Syrian crisis.
Eurogroup’s president, Jeroen Dijsselbloem, and ECB's executive board member Benoît Cœuré, discuss the current situation in Greece in terms of servicing its own debt and reforms.
Turkey is targeting Islamic State in investigations of a double suicide bombing in Ankara that killed up to 128 people, officials said.
Russian warplanes pounded Syrian rebels on Sunday, insurgents said, helping Moscow's ally Bashar al-Assad reclaim territory.
Justin Hastings, senior lecturer at University of Sydney, discusses news that North Korean leader Kim Jong Un declared the country ready to respond to any kind of war against the U.S.
The U.S. is grappling with a dramatic change in the Syrian civil war brought about by Moscow's intervention in support of the government.
The Pentagon will replace its failed program to "train and equip" Syrian rebels with a far less ambitious program. NBC News reports.
U.S. officials said four Russian cruise missiles fired at Syria from a warship in the Caspian Sea had crashed in Iran instead.
The military involvement by Russia in Syria could force OPEC's largest member to capitulate on production cuts, entrepreneur Boone Pickens tells CNBC.