Business news
Boeing loses out in $40bn US deal
EADS and Northrop Grumman won the contract with their KC-30 aircraftThe owner of Airbus, EADS, and US firm Northrop Grumman have won a contract to build refuelling aircraft for the US Air Force, worth up to $40bn (20bn). The companies put in a joint bid ...more
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- Northrop, EADS win $35B Air Force deal... 11 weeks ago
The Air Force on Friday awarded Northrop Grumman Corp. and a European partner a $35 billion contract to build airborne refueling planes, delivering a major blow to Boeing Co. The selection of Los Angeles-based Northrop Grumman and European Aeronautic ...more
- U.S. Meat Inspectors Put on Leave 11 weeks ago
Extract not available. ...more
- S&P Warns Times 11 weeks ago
The New York Times Co. S&P said it placed all of the Times' ratings, including its key long-term corporate credit rating, on CreditWatch with negative implications. In plain English, that means the rating agency is leaning heavily toward a downgrade ...more
- Construction cuts Berkshire earns 18... 11 weeks ago
Berkshire Hathaway Inc. said Friday its fourth-quarter profit fell almost 18 percent as its companies linked to construction were hurt by nationwide housing woes, and the company generated smaller insurance underwriting profits and investment gains. But ...more
- Big banks must give mortgage details 11 weeks ago
Nine large banks must provide detailed information on mortgage delinquencies and foreclosures every month to a federal regulator. The Office of the Comptroller of the Currency said Friday it wants to take a closer look at the performance of loans among ...more
- GM shutters three more plants due to... 11 weeks ago
A strike at an auto parts supplier has forced General Motors Corp. to shut down three more pickup truck factories, causing the company to idle a total of 12,000 workers, GM said Friday. Plants in Flint; Fort Wayne, Ind.; and Oshawa, Ontario, were to ...more
- Northrop and EADS Win Tanker Deal 11 weeks ago
In a surprising reversal for the Boeing Company, the Pentagon on Friday awarded a multibillion-dollar contract for refueling tankers to a partnership between Northrop Grumman and EADS, the European parent of Airbus. The deal, which puts a critical United ...more
- 2 inspectors on leave over beef recall... 11 weeks ago
A union that represents federal meat inspectors says the U.S. Department of Agriculture has suspended at least two employees following the largest beef recall in history. Stan Painter, chairman for the National Joint Council of Food Inspection Locals, ...more
- Buffett's biggest bets 11 weeks ago
Berkshire reports an up year - and that it was a big buyer of stocks, including Burlington Northern, Kraft, and Wells Fargo.By , editor at large The performance of Berkshire Hathaway's investments 'delighted' him, Warren Buffett said. NEW YORK ...more
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