By Andrea Shalal WASHINGTON (Reuters) – Lockheed Martin Corp delivered only three of 44 interceptors for the THAAD missile defense system in fiscal year 2015 due to a seven-month halt in production caused by computer issues, the U.S. Missile Defense Agency said. The interceptors for the Terminal High Altitude Area Defense program, which has an average budget of $800 million a year, are now expected to be delivered by September
(Reuters) – Symphony Communication Services, a messaging startup backed by Wall Street banks, said it had raised more than $100 million in a new round of funding from investors including Google, UBS Group AG and European venture capital firm Lakestar. Symphony’s chat service allows financial firms, corporate customers and individuals to put all of their digital communications on one centralized platform. The Wall Street Journal, citing sources familiar with the
A survey of business economists finds that a majority still expect the Federal Reserve to raise interest rates before the end of the year.
Tech start-up funding is going strong, but there’s a looming concern that it could be too strong — strong enough that it’s fueled the next tech bubble.
U.S. stocks are little changed in early trading Monday as traders look ahead to the start of corporate earnings season. The stock market is coming off its best week of the year. Drugmaker Eli Lilly dropped …
Volkswagen said Monday it is recalling 1,950 diesel vehicles in China to change engine software it has admitted cheats on emissions tests and Singapore suspended sales of the company’s diesel cars. The …
Princeton University’s Angus Deaton won the Nobel prize in economics Monday for work that’s helped redefine the way poverty is measured around the world, notably in India. Deaton, 69, won the 8 million …
Anheuser-Busch InBev (ABI.BR) raised its takeover offer for SABMiller (SAB.L) on Monday, as the world’s largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world’s beer. The maker of Budweiser and Stella Artois is offering 43.50 pounds per share in cash to most SABMiller shareholders, with an option available for some to take a lower-priced
Haruhiko Kuroda, governor of the Bank of Japan, explains whether or not he has considered introducing a negative interest rate similar to the European Central Bank.
It is too early for the European Central Bank to decide on expanding or extending its asset-purchase programme, a member of the ECB’s executive board said on Monday, even after inflation in the currency bloc turned negative. Six months into the ECB’s 60-billion-euros a month asset-purchase programme, headline price growth in the currency bloc turned negative in September, leading some market participants to speculate that the scheme may be ramped
