Stagecoach in exclusive talks with potential buyers of rival National Express about a dealLONDON — Stagecoach Group PLC said Monday it is in exclusive talks with the potential buyers of coach operator National Express PLC over a possible breakup of the struggling company. Saudi defence ministry orders 3 Airbus A330 tankers for delivery starting in 2011PARIS — The Saudi Arabian Air Force has ordered three Airbus tanker aircraft for use in air-to-air refulling missions, Airbus parent company EADS said in a statement Monday. 7 defense ministers agree to renegotiate A400M military transport plane contractLE CASTELLET, France — Defense ministers from the seven European nations that launched the troubled A400M military transport plane agreed Friday to renegotiate the contract for the delayed project. Hyundai Heavy Industries says 2nd-quarter net profit tumbles 40 percentSEOUL, South Korea — Hyundai Heavy Industries Co., the world’s largest shipbuilder, said Friday that second-quarter net profit tumbled 40 percent amid foreign exchange-related losses and weak earnings at subsidiaries. Raytheon 2nd-qtr earnings rise 15 percent on higher military profits, raises outlookWASHINGTON — Defense contractor Raytheon Co. said Thursday its second-quarter earnings rose 15 percent on higher profits from radar systems, satellite equipment, information technology and Army training programs. The company also raised its outlook for the year. Raytheon Co. second-quarter earnings rise 15 percent on higher military profitsWASHINGTON — Defense contractor Raytheon Co. says its second-quarter earnings rose 15 percent on higher profits from satellite equipment, information technology and Army training programs. The results topped Wall Street expectations. Greyhound Lines, Texas in dispute over bus bills for hurricanes Ike, Gustav evacuationsAUSTIN, Texas — Greyhound Lines Inc. is still waiting for the state of Texas to pay it nearly $1 million for the bus company’s work evacuating people from hurricanes Ike and Gustav last year — even as another hurricane season is already under way. Raytheon to report 2nd-quarter results; analysts expect profit of $1.13 per shareWASHINGTON — Defense contractor Raytheon Co. reports second-quarter earnings on Thursday before the opening bell. The following is a summary of key developments and analyst opinion related to the period. Gov’t investigators say Defense Dept didn’t violate rules by using ex-officers to promote warsWASHINGTON — The Pentagon did not violate a federal prohibition on propaganda by using retired military officers to tout the Bush administration’s war policies in the media, congressional investigators said Tuesday. China dismisses links to engineer convicted in US of economic espionageBEIJING — China on Tuesday denied links to a Chinese-born engineer who was convicted in the U.S. last week of stealing trade secrets for China during his 30-year career at Boeing and Rockwell International. Army partially terminates Boeing’s manned ground vehicle program on Secretary Gates’ directiveWASHINGTON — The U.S. Army has formally canceled part of Boeing Co.’s manned ground systems contract, under which the defense contractor was expected to build combat vehicles better suited for fighting insurgents in places like Afghanistan. Ex-Air Force contractor pleads guilty, will cooperate with investigation into kickback schemePENSACOLA, Fla. — A former government employee pleaded guilty Monday and agreed to cooperate in a criminal investigation of appropriations that members of Congress steer to defense contractors. Peru’s Fujimori convicted of embezzlement, sentenced to 7 1/2 years for $15 million payoffLIMA, Peru — Former Peruvian President Alberto Fujimori was convicted of embezzlement and sentenced to 7 1/2 years in prison Monday after he admitted illegally paying his spy chief $15 million in government funds. Clinton, counterparts from India, signing agreements on trade, civilian nuclear reactorsNEW DELHI — U.S. Secretary of State Hillary Rodham Clinton and Indian Foreign Minister S.M. Krishna are announcing agreements to expand American access to key Indian markets. Clinton commits to broader ties to India; prepares to sign deals promoting defense salesNEW DELHI — U.S. Secretary of State Hillary Rodham Clinton touted prospects for strengthening U.S.-India relations, despite sharp differences on carbon emissions, as they readied a pact giving U.S. companies more access to India’s expanding markets. Clinton to sign deals expanding ties with India and promoting US defense and nuclear salesNEW DELHI — U.S. Secretary of State Hillary Rodham Clinton is applauding new progress in U.S.-India relations, highlighted by an agreement to broaden cooperation beyond trade and military ties to include agriculture, education and women’s issues. STIMULUS WATCH: US saves millions more when companies compete for work, AP analysis showsWASHINGTON — The Defense Department frequently awards no-bid work to small contractors for repairs at military bases under the new economic stimulus law, costing taxpayers millions of dollars more than when businesses compete for the work, according to an Associated Press analysis of 570 such contracts. House approves White House-opposed measure to restore closed GM, Chrysler car dealershipsWASHINGTON — The House broke with the Obama administration Thursday over a key part of the auto industry restructuring, pressing General Motors and Chrysler to restore dealerships shuttered by the car companies’ bankruptcies. House spending bill allows DC abortion funding; requires auto companies to restore franchisesWASHINGTON — The District of Columbia government could fund abortions for the poor and take steps toward legalizing marijuana for medical purposes under a spending bill passed by the House on Thursday. Man convicted in 1st US economic espionage trial; a key step to guarding secrets, experts saySANTA ANA, Calif. — A Chinese-born engineer’s conviction in the United States’ first economic espionage trial could be an important step to stop the flow of critical trade secrets to China, experts say. Murtha says White House veto threat on F-22 fighter jet funding won’t derail spending billWASHINGTON — Despite adding money for two programs that the White House has said will result in a veto of the defense spending bill, a key House Democrat said Thursday he’s confident the legislation will avoid that fate. House expected to approve White House-opposed measure to restore closed car dealershipsWASHINGTON — The House is considering a break with the Obama administration over a key part of auto industry restructuring by pressing General Motors and Chrysler to restore dealerships shuttered by the car companies’ bankruptcies. Spending bills don’t side with Obama on weapons cuts, help for car dealersWASHINGTON — The District of Columbia government could fund abortions for the poor and take steps toward legalizing marijuana for medical purposes under a spending bill passed by the House on Thursday. Federal judge in Calif. convicts Chinese-born engineer in first US economic espionage trialSANTA ANA, Calif. — A Chinese-born engineer was convicted Thursday of stealing trade secrets critical to the U.S. space program in the nation’s first economic espionage trial. Free markets still the best policy, says Tokyo Stock Exchange chiefTOKYO — The head of the Tokyo Stock Exchange, the world’s second-biggest bourse, doesn’t like what he sees in the wake of the global financial crisis. Calif. judge to rule in nation’s 1st economic espionage trial against Chinese-born engineerSANTA ANA, Calif. — A Chinese-born engineer accused of passing critical trade secrets on the U.S. space program to China in the nation’s first economic espionage trial will soon learn his fate. With GM and Chrysler reborn, Obama auto task force switches gear to automaker ownerWASHINGTON — When it brokered the restructuring of Chrysler and General Motors, President Barack Obama’s auto task force repeatedly pledged that it would steer clear of running a car company. Fitch Ratings issues downgrades for Health Net on Pentagon’s nonrenewal of key contractNEW YORK — Fitch Ratings on Wednesday downgraded ratings for Health Net Inc. after the Pentagon decided not to renew a contract with the health insurance company. Dell, CIT Group, Humana, CSX, Burger King are among big market movers TuesdayNEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: Humana, Health Net shares tumble day after losing lucrative Pentagon contractsLOUISVILLE, Ky. — Shares of Humana Inc. and Health Net Inc. tumbled Tuesday, a day after the Pentagon decided against renewing lucrative regional military health insurance contracts with both companies. |
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