The Lockheed Martin Corp. (NYSE: LMT) was awarded a contract worth $489.53 million to begin purchasing parts, materials, and components for a seventh batch of 35 F-35 Joint Strike Fighter planes, the U.S. Defense Department announced Friday.
There are fresh signs the U.S. economy may be caught in a storm fed by a floundering Europe and a slackening China. Weakening demand in both regions appears to be taking a toll on U.S. manufacturing, already the locus of a contracting workforce.
A euro-area breakup might appear to be inevitable at this point. But, instead of Greece being pushed out the door, analysts say an outside-the-box solution to the euro zone's sovereign-debt problem would be for Germany to voluntarily withdraw from the euro and reinstall the Deutsche mark.
Paraguayan government officials said that seven police officers and at least nine protesting farmers have been killed in a bloody clash Friday.
As the U.S. Senate grapples with how to allocate about $100 billion a year for the next decade on food policy, one subsection of the farm bill is under attack, namely, the $200 million U.S. taxpayers spend every year to subsidize the marketing of well-established brands found in virtually every American pantry.
Italian Prime Minister Mario Monti has made growth and cutting the size and weight of the state his top priority.
A tight squeeze on salaries of full-time employees, along with spending cuts and burgeoning levels of part-time employment and long-term unemployment, offsets the decline in overall unemployment, leading to a rise in the number of poor Britons.
The Australian government has released new information about the extensive history of physical and sexual abuse of minors in the military dating back more than five decades.
Ahead of what is likely to be a week full of drama, stomach-churning market action, and violence in the streets of Athens, a German documentary is making the rounds online outlining the severe socioeconomic dysfunction that led Greece to its current state of affairs.
Details of the fate of bankrupt Swedish carmaker Saab Automobile AB continue to emerge following the June 7 news that the company had been purchased by a Sino-Japanese joint venture National Electric Vehicle Sweden AB, or NEVS. NEVS plans to use Saab to produce electric cars, the consortium announced Friday.
Americans love chicken and sauces, and Buffalo Wild Wings Inc. (Nasdaq: BWLD) is happy to provide them -- the company sold a record 7.7 million chicken wings during this year's Super Bowl alone.
Markets are fretting over the outcome of Sunday's Greek vote -- with the anti-bailout Syriza party polling neck and neck with rival New Democracy -- and policymakers seem spellbound by the prospect of a breakup of the euro zone.
Some Greeks are likely to vent their anger by supporting the anti-austerity radical leftist Syriza party in this weekend?s poll.
A trip to Greece in the coming weeks may feel like an intrusion -- a sojourn into a land of private grief and public fury. But not visiting only makes things worse.
Microsoft (Nasdaq: MSFT), the world's biggest software company, is expected to make a new consumer push by announcing its own Windows Tablet for shipment next quarter, industry analysts said.
Rajat Gupta, former Goldman Sachs Group director and head of consulting firm McKinsey & Co., was convicted Friday of insider trading by a New York federal jury in one of corporate America's most high-profile scandals.
Before Apple shocked the WWDC audience with a completely-redesigned MacBook Pro with a stunning Retina Display, KGI Securities analyst Ming-Chi Kuo predicted Apple would unveil such a notebook, and he even correctly forecast most of the features. On Thursday, describes how Apple will follow up the 15-inch Retina MacBook Pro with a smaller, 13-inch MacBook Pro with Retina Display, to be released in October 2012.
Political brinksmanship is a common feature of modern democratic politics. Nowhere on the planet, however, is the convoluted logic of basing your electoral strategy on claiming the other guy is bluffing seen as splendidly as in Greece.
Nissan Motor Co. (Tokyo: 7201) is expected to build a 5 billion yuan ($785 million) factory in the northeastern Chinese city of Dalian, an aggressive move into territory traditionally under the sway of Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corp. (NYSE: TM), according to the Japan Daily Press Friday.
Wall Street's pessimistic outlook on corporate profits was proved wrong by surprisingly strong first-quarter results. However, will the second-quarter earnings season tell a different story?
BlackBerry developer Research in Motion made payments of $12 million to its founding co-CEOs after they quit earlier this year, the company told the U.S. Securities and Exchange Commission.
Samsung's latest flagship smartphone Galaxy S3 has not been launched in the United States yet, but retailers and carriers are already out to attract customers. Here're two discounts that are on offer for the device's AT&T variant.
Poland looks to shale exploration, despite concerns over fracking.
Manufacturing in the New York region hardly expanded in June as orders and sales cooled, the New York Federal Reserve's Empire State Manufacturing Survey showed Friday.
The ruling Congress-led United Progressive Alliance (UPA) in India Friday announced that Finance Minister Pranab Mukherjee would be its candidate for the presidential elections slated for July 19.
At stake is nothing less than Greece?s financial survival and the viability of the euro zone currency bloc.
A month after the disastrous initial public offering of Facebook (Nasdaq: FB), the No. 1 social networking site, investment bankers speculate social network site Yammer could be on the block.
The Reserve Bank of India will hold its mid-quarter monetary policy review June 18 amid strong demands from the industry and economists for a cut in interest rates. However, the central bank is still weighing the options on rate cuts as curtailing inflation remains top priority.
Royal Bank of Scotland Group, Nokia Corp, Navistar International, Sohu.com, Facebook, JPMorgan Chase, Alcoa and GlaxoSmithKline are among the companies whose shares are moving in pre-market trading Friday.
The online Apple Store page for the Retina display-equipped MacBook Pro shows that the shipping dates for both the 2.3 and 2.6GHz models have been changed from 2-to-3 weeks to 3-to-4 weeks. However, there's apparently no shipping delay for the non-Retina MacBook Pros.
