By Valerie Insinna PARIS (Reuters) – Lockheed Martin has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet’s biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and…
By Gabriel Araujo PARIS (Reuters) -Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow that are seen totaling about $1 billion. The new firm orders come amid an influx of deals at the world’s largest air show, which is…
By Brenda Goh and Casey Hall SHANGHAI (Reuters) -Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud division as the Chinese e-commerce giant moves ahead with a plan to split into six business units. Zhang has been concurrently serving in three roles…
(Reuters) -Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may be turning a corner after getting clobbered by Federal Reserve interest rate hikes. Still, even with the Fed skipping a rate hike this month for…
By Joseph Ax and Kanishka Singh (Reuters) – U.S. and Canadian ships and planes searched on Monday for a submersible vessel that went missing more than a day earlier off the coast of southeastern Canada while taking tourists to explore the wreckage of the Titanic, officials said. The U.S. Coast Guard said there was one…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest rate cut by Beijing did little to lift investor sentiment among Europe’s China-exposed shares. Germany’s DAX index closed 0.6% lower, retreating further from a record…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest rate cut by Beijing did little to lift investor sentiment among Europe’s China-exposed shares. Germany’s DAX index closed 0.6% lower, retreating further from a record…
By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration says it has picked the chairman of Google parent Alphabet Inc, John Hennessy, and four other technology industry experts to help with research and development of next-generation computer chips. Hennessy and the other selected individuals are set to be announced by the Commerce Department on Tuesday, according…
By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon may have ordered a 2019 review of the bank’s relationship with the late financier and sex offender Jeffrey Epstein, the U.S. Virgin Islands said. The U.S. territory, where Epstein owned two neighboring islands, made the claim in a letter made public on…
By Jacqueline Thomsen (Reuters) – Hunter Biden, the son of U.S. President Joe Biden, has agreed to plead guilty to two tax charges and enter an agreement that may allow him to avoid a conviction on a firearm offense, according to court filings on Tuesday. Here is a look at each of the charges. WILLFUL…
