Dalje.com - Economy (English)

Consumer credit rose in December

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 7 (UPI) -- Consumer borrowing rose by $20 billion in December to $2.49 trillion, the U.S. Federal Reserve said Tuesday. The Fed said non-revolving credit, which includes auto loans, personal loans and student loans, rose from $1.68...

Grains futures in Chicago slide, mostly

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 7 (UPI) -- Grains futures on the Chicago Board of Trade closed mostly lower with a bearish nudge from the U.S. dollar, which rose Tuesday. Corn was off 2 to off 6 3/4, soybeans were off 1/2 to off 1, wheat was off 6 1/4 to off 8 3/4 and...

Gold gains 1.3 percent

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 7 (UPI) -- The price of gold gained $23.10 an ounce Tuesday, turning around a two-day slide to settle at $1,748 per troy ounce in New York. On the Comex division of the New York Mercantile Exchange, silver added 43.7 cents to end the...

Aerospace, defense deals reach record totals in 2011

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 7 (UPI) -- Global aerospace and defense business reached record levels in 2011, up from $22 billion in 2010 to $44 billion, despite fears it could turn out to be a bad year overall for the industry, latest data indicated. Most fears were...

Chrysler to pay bonuses a month early

Wed, 08 Feb 2012 01:00:00 +0200

AUBURN HILLS, Mich., Feb. 7 (UPI) -- Chrysler Group Chief Executive Officer Sergio Marchionne said bonus checks would arrive early this year following the first company profit in 15 years. Chrysler earned a net profit of $183 million in 2011; it also...

Xstrata to merge with Glencore

Wed, 08 Feb 2012 01:00:00 +0200

ZUG, Switzerland, Feb. 7 (UPI) -- International mining giant Xstrata PLC said Tuesday it would merge with Glencore International AG, creating a company worth $90 billion. The deal, however, was on shaky ground, in part because it would merge a mining...

Menard settles discrimination suit

Wed, 08 Feb 2012 01:00:00 +0200

EAU CLAIRE, Wis., Feb. 7 (UPI) -- U.S. retail chain Menard says it has agreed to pay $1 million to settle a discrimination case filed by black workers who claimed they were denied promotions. Attorneys for the Wisconsin-based home improvement store...

Poland seeks U.S. munitions

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 7 (UPI) -- Poland is seeking to purchase missiles, bombs and other items from the United States for use on F-16s flown by its air force. The materials requested, worth an estimated $447 million, would be procured through a Foreign Military...

Honeywell ready for military budget cuts

Wed, 08 Feb 2012 01:00:00 +0200

MORRIS TOWNSHIP, N.J., Feb. 7 (UPI) -- Honeywell expects a decline in its defense and space business but says it will weather U.S. military budget cuts through increased efficiency and other methods. The outlook and plans were detailed by company Vice...

Retail sales rise in unseasonable week

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 7 (UPI) -- U.S. retail sales receipts at chain stores rose 1.8 percent in the week ending Saturday, the International Council of Shopping Centers said Tuesday. The week-to-week gain came with a weekly average temperature that was 12.9...

Shaw gets new cleanup contract

Wed, 08 Feb 2012 01:00:00 +0200

BATON ROUGE, La., Feb. 7 (UPI) -- The Shaw Group says will continue to provide the U.S. Army Corps of Engineers, Omaha District, with rapid environmental cleanup services. Under the new indefinite-delivery/indefinite-quantity award, Shaw, which has...

Jordan orders Falcon radios

Wed, 08 Feb 2012 01:00:00 +0200

MELBOURNE, Fla., Feb. 7 (UPI) -- The Kingdom of Jordan has placed a $26.4 million order for Falcon tactical radios with the Harris Corp. of the United States. The Falcon II and Falcon III systems will be the Jordanian military's core communications...

Navy testing railgun launcher

Wed, 08 Feb 2012 01:00:00 +0200

ARLINGTON, Va., Feb. 7 (UPI) -- A prototype electromagnetic railgun launcher built for the U.S. Navy by General Atomics is to undergo testing at the Naval Surface Warfare Center. The Navy said delivery of the prototype last month represents "the...

Hyperspectral imaging for UAVs

Wed, 08 Feb 2012 01:00:00 +0200

HAIFA, Israel, Feb. 7 (UPI) -- Israel's Elbit Systems Ltd. reports it has developed a hyperspectral sensing payload for its Hermes 450 and Hermes 900 drones. The hyperspectral imaging technology enables simultaneous imaging of the region of interest...

F-35 sensors used in military exercise

Wed, 08 Feb 2012 01:00:00 +0200

LINTHICUM, Md., Feb. 7 (UPI) -- Electronic sensors that will be used on F-35 aircraft have been deployed in a major U.S. Navy and U.S. Marine Corps amphibious exercise. Northrop Grumman said the AN/AAQ-37 active electronically scanned array radar and...

Northrop spotlighting aerial systems

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 7 (UPI) -- Northrop Grumman plans to showcase a range of aircraft security systems, from radars to unmanned aerial vehicles, at the Singapore Air Show this month. Included in its displays is a variety of Q-4 high-altitude, long-endurance...

Iran shipping line masks 'arms vessels'

Wed, 08 Feb 2012 01:00:00 +0200

DUBAI, United Arab Emirates, Feb. 7 (UPI) -- Iran's state shipping line is reported to renaming many of its freighters in a bid to circumvent international sanctions on arms transfers and the clandestine supply of high-tech equipment for its contentious...

BAE to support Wedgetail EW systems

Wed, 08 Feb 2012 01:00:00 +0200

ADELAIDE, Australia, Feb. 7 (UPI) -- Electronic warfare systems aboard Australia's Wedgetail early warning and control aircraft are to be performed by BAE Systems Australia. BAE said it was awarded the contract by Boeing, the manufacturer of the 737...

Air France grounds flights due to strike

Wed, 08 Feb 2012 01:00:00 +0200

PARIS, Feb. 7 (UPI) -- Air France said Tuesday a significant percentage of flights could be canceled due to a strike by pilots, flight attendants and ground crew. The airline said it would only guarantee half of its long-distance flights. In addition,...

Oil prices hold steady Tuesday

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 7 (UPI) -- The price for a barrel of crude oil was little changed Tuesday on the New York Mercantile Exchange, giving up 20 cents overnight to reach $96.71 per barrel. Home heating oil picked up 2.27 cents to $3.1934 a gallon. Reformulated...

U.S. markets sputter at the start

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 7 (UPI) -- U.S. markets continued a downward track Tuesday as union workers in Greece called a 24-hour strike to protest a new austerity budget package. Leaders of the Greek government Monday announced an agreement to cut 15,000 public...

Canadian construction intentions jump

Wed, 08 Feb 2012 01:00:00 +0200

OTTAWA, Feb. 7 (UPI) -- The value of building permits Canadian municipalities issued in December rose 11.1 percent on a monthly basis to $6.8 billion, Statistics Canada said Tuesday. The agency said the construction intentions were the highest since...

Japan sold 1.02 trillion yen in November

Wed, 08 Feb 2012 01:00:00 +0200

TOKYO, Feb. 7 (UPI) -- Japan's efforts to check its rising currency against the U.S. dollar included an as-yet-unannounced sale of 1.02 trillion yen in November, data showed Tuesday. The early November currency market intervention to stem the rising...

ABC-TV, Univision may start news channel

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 7 (UPI) -- ABC-TV and Univision Communications Inc. are in talks to start a 24-hour cable-news channel for English-speaking U.S. Latinos, The Wall Street Journal reported. The unnamed channel would combine the resources of ABC News and...

CFOs: Humor a key part of workplace 'fit'

Wed, 08 Feb 2012 01:00:00 +0200

MENLO PARK, Calif., Feb. 6 (UPI) -- A sense of humor is important for fitting into a company's corporate culture and may be key to getting -- or staying -- employed, a U.S. survey says. The survey, developed by Accountemps, conducted by an independent...

Grains mostly higher Monday

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 6 (UPI) -- Corn finished mixed but wheat, soybeans and oats closed slightly higher on the Chicago Board of Trade Monday. Corn was off 1/4 to up 3/4, soybeans were up 1/2 to up 1 1/2, wheat was off 3 to up 7 3/4, oats were up 9 to up 12...

Two tacks for fighting airline fees emerge

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 6 (UPI) -- A senator from Louisiana and a congressman from North Carolina said bills attempting to curb excessive airline fees would likely receive bipartisan support. Sen. Mary Landrieu and Rep. Larry Kissell, both Democrats, have...

Unmanned craft may share civilian airspace

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 6 (UPI) -- The race is on to develop unmanned aircraft that can safely share airspace reserved for civilian aviation. There's both military and commercial interest in having unmanned aircraft that can fly unaided by human pilots, most...

Gold slides for second straight session

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 6 (UPI) -- The price of gold lost $15.40 an ounce Monday to settle at $1,724.90 on the Comex division of the New York Mercantile Exchange. Silver fell by 7 cents to end the session at $33.67 an ounce. The euro was lower at $1.3123 from...

Thales UK supplies submarine sonar

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 6 (UPI) -- A new submarine being built for the British navy will be fitted with an integrated search and attack sonar system by Thales UK. The system -- Sonar 2076 -- was ordered by BAR Systems Submarine Solutions, the prime contractor...

Protective flooring on way to military

Wed, 08 Feb 2012 01:00:00 +0200

DENVER, Feb. 6 (UPI) -- Skydex Technologies of Colorado reports more than $5.3 million in contracts last month from U.S. clients for its shock mitigation products. Two agreements for its Convoy Deck product came from BAE Systems and General Dynamics...

Evolvent wins medical support award

Wed, 08 Feb 2012 01:00:00 +0200

FAIRFAX, Va., Feb. 6 (UPI) -- A subsidiary of ManTech International has been selected by the U.S. Air Force for services in support of Air Force Medical Service. The indefinite-delivery/indefinite-quantity contract given to Evolvent Technologies is...

EU stands firm on airline pollution policy

Wed, 08 Feb 2012 01:00:00 +0200

BRUSSELS, Feb. 6 (UPI) -- The European Commission said Monday it will enforce new regulations for greenhouse gas emissions by airlines, despite China's refusal to participate. Starting Jan. 1, airlines using airports in the European Union must comply...

Gen. Cartwright joins Opera Solutions

Wed, 08 Feb 2012 01:00:00 +0200

JERSEY CITY, N.J., Feb. 6 (UPI) -- Data analytics solutions company Opera Solutions LLC announced that a former vice chairman of the U.S. Joint Chiefs of Staff is joining its advisory board. As a member of the board, retired U.S. Marines Gen. James...

Poll: Corporations dodge taxes

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 6 (UPI) -- Small U.S. business owners are unhappy with the amount of taxes large corporations and their executives pay, a recent survey indicates. In a survey conducted by the American Sustainable Business Council, the Main Street Alliance and...

New info system for first responders

Wed, 08 Feb 2012 01:00:00 +0200

TORRANCE, Calif., Feb. 6 (UPI) -- The U.S. Department of Homeland Security has a contracted technology systems integrator for Phase II development of a helmet display for first responders. Physical Optics Corp. of California said the Small Business...

CACI wins ONE contract

Wed, 08 Feb 2012 01:00:00 +0200

ARLINGTON, Va., Feb. 6 (UPI) -- Communications capabilities of the U.S. Department of Defense and other U.S. agencies are to be improved by CACI International. CACI, which has headquarters in Virginia, announced it is one of nine companies selected...

'Halftime in America' back on YouTube

Wed, 08 Feb 2012 01:00:00 +0200

AUBURN HILLS, Mich., Feb. 6 (UPI) -- A spokesman from the National Football League denied the organization had asked Google to remove from YouTube an "Imported from Detroit" ad from Chrysler. During the 2011 Super Bowl, Chrysler made a stir...

IAI and Boeing drive to active Arrow-3

Wed, 08 Feb 2012 01:00:00 +0200

TEL AVIV, Israel, Feb. 6 (UPI) -- Israel Aerospace Industries and the Boeing Co. are driving to complete development of Israel's Arrow-3 anti-ballistic missile interceptor amid the Persian Gulf confrontation between Iran and the West. If that standoff,...

Key states lean toward foreclosure deal

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 6 (UPI) -- California and New York appear ready to join in an agreement with national banks to settle widespread foreclosure processing abuses, officials said. New York Attorney General Eric Scheiderman has said progress is being made...

U.S. threatens to cut aid to Egypt

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 6 (UPI) -- The United States warned Egypt it could lose about $1.4 billion in U.S. aid for planning to try 19 Americans in a criminal court on financial charges. The Americans, among 43 foreign workers charged with spending money from...

Markets slide in early going

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 6 (UPI) -- U.S. markets pared back from last week's gains Monday morning, as stock markers were flat in Asia and weaker in Europe. Discussions of debt reduction in Greece are coming to a head. Financial leaders are saying Greece needs...

Crude oil slips under $97

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 6 (UPI) -- The price for a barrel of crude oil shed nearly $1 Monday on the New York Mercantile Exchange, dropping to under $97 per barrel. Crude oil for March delivery lost 93 cents to reach $96.91 per barrel. Home heating oil picked...

Economic Outlook: Stimulus game

Wed, 08 Feb 2012 01:00:00 +0200

A deal on mortgage relief for homeowners caught up in a paperwork scandal is nearly complete, officials are saying. This is, of course, the new stimulus package, put together through the judicial system, rather than the legislative process. President...

Sides apart ahead of Greek reform deadline

Wed, 08 Feb 2012 01:00:00 +0200

ATHENS, Greece, Feb. 6 (UPI) -- Greek politicians said they were far apart as a noon deadline loomed to agree on severe reforms needed to get a $170 billion bailout vital to avoiding default. Prime Minister Lucas Papademos set the deadline for the three...

Disagreement over Greek austerity deal

Wed, 08 Feb 2012 01:00:00 +0200

ATHENS, Greece, Feb. 5 (UPI) -- Greek Prime Minister Lucas Papademos convened with international lenders Sunday in last-minute austerity talks, officials say. A medium-term package is being negotiated with the "troika" -- a group comprised...

Networking Week to coach job seekers

Wed, 08 Feb 2012 01:00:00 +0200

HAVERFORD, Pa., Feb. 5 (UPI) -- Career coach Ford R. Myers will be holding International Networking Week in Haverford, Pa., from Feb. 6-10. Myers, author of "Get The Job You Want, Even When No One's Hiring," says job seekers can get hired...

Auto Outlook: Obama praises U.S. auto comeback

Wed, 08 Feb 2012 01:00:00 +0200

U.S. President Barack Obama spent about 25 minutes at the Washington Auto Show last week to kick some tires and make some political points highlighting the industry's turnaround. On his visit, which wasn't part of his official schedule, the president...

Micron names Durcan CEO

Wed, 08 Feb 2012 01:00:00 +0200

BOISE, Idaho, Feb. 4 (UPI) -- Micron Technology Inc. Saturday named Mark Durcan chief executive of the U.S. semiconductor device maker, replacing Steven Appleton, who died in a plane crash. Appleton, 51, was killed Friday when the small plane he was...

Weeplay infant bodysuits recalled

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 4 (UPI) -- The U.S. Consumer Product Safety Commission announced a voluntary recall of 128,000 infant body suits made by Weeplay Kids due to a choking hazard. The snaps on the body suits can detach, raising the risk of choking, the...

Bumbleride strollers recalled

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 4 (UPI) -- Bumbleride Inc. of San Diego is recalling about 28,000 strollers with wheels that can break and cause them to tip over, regulators said. The firm has received 36 reports of incidents with front wheels cracking, including...

Second bid could surface for Saab

Wed, 08 Feb 2012 01:00:00 +0200

TROLLHATTAN, Sweden, Feb. 4 (UPI) -- Chinese company Beijing Automotive Investment BAIC said it is interested in bidding on bankrupt Swedish automaker Saab. "Yes, we are considering it, but it's also a rather complicated business," said company...

Apple alters iBooks agreements

Wed, 08 Feb 2012 01:00:00 +0200

CUPERTINO, Calif., Feb. 4 (UPI) -- U.S. technology giant Apple said the content created with iBooks Author software belongs to the author, not to the company. The original agreement had provoked some concern that Apple appeared to be saying in its iBooks...

Iran pledges to defy Western embargo

Wed, 08 Feb 2012 01:00:00 +0200

TEHRAN, Feb. 4 (UPI) -- Iranian Oil Minister Rostam Qassemi said Iran will hold firm on defiance of pressure from foreign countries to abandon an alleged nuclear weapons program. "We will not give up our righteous stance," Qassemi said at...

Cold strains Europe's natural gas supply

Wed, 08 Feb 2012 01:00:00 +0200

MOSCOW, Feb. 4 (UPI) -- A sometimes lethal cold snap in Europe has put strain on natural gas supplies, an EU spokesperson said. With temperatures in some regions as low as minus 35 degrees Celsius, "I can confirm that there has been a decrease...

Hormel to phase out gestation crates

Wed, 08 Feb 2012 01:00:00 +0200

AUSTIN, Minn., Feb. 4 (UPI) -- U.S. meat producer Hormel Foods Corp. said it would give up constricting gestation crates for its pigs by 2017. The company is following in the footsteps of meat producers Tyson, Triumph, Smithfield Foods Inc., and Seaboard...

Greek unions and bosses reject wage cuts

Wed, 08 Feb 2012 01:00:00 +0200

ATHENS, Greece, Feb. 4 (UPI) -- Greek unions joined with employers to tell the Greek government enough was enough, turning down proposed pay cuts. The government is caught between demands from the international troika – the European Union, the European...

Sign of the times: Knockoffs get humble

Wed, 08 Feb 2012 01:00:00 +0200

LOS ANGELES, Feb. 4 (UPI) -- Be it ever so humble, even knockoffs in California are trading down these days, fashion and retail experts said. What used to be limited to a parasitic relationship with exclusive brands has spread to lower-shelf merchandise,...

Gold price fall $18 an ounce

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 3 (UPI) -- The price of gold lost $19 an ounce Friday to settle at $1,740.30 on the Comex division of the New York Mercantile Exchange. Silver fell by 43 cents, to end the session at $33.75 an ounce. The euro was virtually flat at $1.3146,...

N.Y. AG files foreclosure fraud charges

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 3 (UPI) -- New York Attorney General Eric Schneiderman Friday charged Bank of America, J.P. Morgan Chase and Wells Fargo with fraudulent foreclosure practices. The banks' "creation and use of a private national mortgage electronic...

Corn, soybeans, oats higher on CBOT

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 3 (UPI) -- Corn, soybeans and oats finished lower but wheat bucked the trend Friday on the Chicago Board of Trade. Corn was up 1 1/4 to up 3 1/4, soybeans were up 15 1/4 to 15 1/2, wheat was off 2 to off 4, oats were up 1 to up 6 1/4. Corn...

Thales bids for $3B Saudi missile deal

Wed, 08 Feb 2012 01:00:00 +0200

RIYADH, Saudi Arabia, Feb. 3 (UPI) -- French military electronics giant Thales is negotiating with Saudi Arabia for a contract, worth up to $3 billion, to upgrade the kingdom's air-defense network, particularly those guarding key military and government...

NATO acquiring UAVs

Wed, 08 Feb 2012 01:00:00 +0200

OSLO, Norway, Feb. 3 (UPI) -- Norway reports that defense ministers of NATO states have decided to acquire unmanned aerial surveillance aircraft. Common solutions have tied NATO together for over 60 years and give the nations of the alliance access...

Hungary's Malev airline halts operations

Wed, 08 Feb 2012 01:00:00 +0200

BUDAPEST, Hungary, Feb. 3 (UPI) -- Hungary's state-owned airline Malev Hungarian said Friday it would shut down temporarily due to a critical cash drain. The company said "cash outflow has accelerated to such an extent that the airline's situation...

Air France unions initiate four-day strike

Wed, 08 Feb 2012 01:00:00 +0200

PARIS, Feb. 3 (UPI) -- Union workers at Air France said they will go on strike for four days, Monday through Thursday, to protest a proposed labor law. The Local reported Friday the four-day strike, ending Feb. 9, is in protest of a law that would require...

Nammo opens Australia subsidiary

Wed, 08 Feb 2012 01:00:00 +0200

RAUFOSS, Norway, Feb. 3 (UPI) -- A Norway ammunition manufacturer has established an Australian subsidiary to serve the country's military. Nammo said the move will also help expand industrial ventures throughout the region. "The decision to set...

BAE continues missile component link

Wed, 08 Feb 2012 01:00:00 +0200

EDINBURGH, Australia, Feb. 3 (UPI) -- BAE Systems Australia will continue to make components for the Evolved Sea Sparrow Missile under a contract from U.S. company Raytheon. The contract guarantees production work on the components in Australia through...

Testing starts on torpedo launchers

Wed, 08 Feb 2012 01:00:00 +0200

ADELAIDE, Australia, Feb. 3 (UPI) -- U.S.-designed torpedo launchers being modified for Australia's new Air Warfare Destroyers have entered the testing phase of development. Babcock Pty Ltd., which was contracted by Raytheon Australia to adapt the Mk32...

Mine detectors for Japan's helicopters

Wed, 08 Feb 2012 01:00:00 +0200

TOKYO, Feb. 3 (UPI) -- Laser mine detection systems for helicopters have been ordered from Northrop Grumman for Japan's maritime military. Northrop said order for four Airborne Laser Mine Detection Systems is the first direct commercial sale of the...

USAF orders weapons training equipment

Wed, 08 Feb 2012 01:00:00 +0200

SAN DIEGO, Feb. 3 (UPI) -- Ground and airborne subsystems used in aerial combat training are being supplied to the U.S. military by Cubic Defense Applications. The California company said the contract from the U.S. Air Force Air Range Instrumentation...

BAE works on helicopter defense system

Wed, 08 Feb 2012 01:00:00 +0200

NASHUA, N.H., Feb. 3 (UPI) -- BAE Systems reports that the U.S. Army has selected the company to participate in development of a new helicopter defense system. The 21-month demonstration award for the Common Infrared Countermeasure system is worth $38...

Service sector gains accelerate

Wed, 08 Feb 2012 01:00:00 +0200

TEMPE, Ariz., Feb. 3 (UPI) -- Business activity in U.S. service industries grew in January for the 26th consecutive month, the Institute for Supply Management said Friday. The pace of growth picked up with the headline Purchasing Managers Index climbing...

Factory orders climb less than expected

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 3 (UPI) -- U.S. factory orders rose 1.1 percent from November to December, with orders reaching $466.2 billion, the U.S. Census Bureau reported Friday. Factory orders rose by $5.3 billion, which was shy of expectations. Economists predicted...

Job gains boost stocks

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 3 (UPI) -- U.S. markets jumped higher Friday on news the unemployment rate dropped to 8.3 percent in January. The Labor Department said 243,000 jobs were added to the economy in January, nudging the unemployment rate down from 8.5 percent....

Unemployment ticks down to 8.3 percent

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 3 (UPI) -- The U.S. economy added 243,000 jobs in January, which pushed the unemployment rate down to 8.3 percent, the Labor Department said Friday. The jobless rate is at its lowest level in three years, since February of 2009. The...

Crude oil follow stocks higher

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 3 (UPI) -- Light, sweet crude oil prices rose overnight Friday, topping $97 per barrel as stocks opened with gains on Wall Street. Markets were mostly higher in Asia and Europe. The Nikkei 225 index in Japan was off 0.51 percent while...

Canada jobless rate steady at 7.6 percent

Wed, 08 Feb 2012 01:00:00 +0200

OTTAWA, Feb. 3 (UPI) -- Canada's unemployment rate rose 0.1 percent to 7.6 percent in January but the labor pool expanded and employment increased, Statistics Canada said Friday. On an annual basis, there was a 0.7 percent increase of 129,000 jobs as...

Economic Outlook: Moneyball

Wed, 08 Feb 2012 01:00:00 +0200

The U.S. economy took a solid jump forward in January with the addition of 230,000 jobs, the Department of Labor said Friday. So, why are so many people still worried? Well, this is easy. In the first place, 230,000 is not 7.5 million jobs, which would...

Dassault tops EADS for Indian jet deal

Wed, 08 Feb 2012 01:00:00 +0200

BANGALORE, India, Feb. 3 (UPI) -- French aircraft manufacturer Dassault has landed India's biggest military contract with a $10 billion order for 126 Rafale jet fighters. In a brief announcement on its Web site Dassault said it is "honored and...

Monsanto to pull GM operation from Britain

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 3 (UPI) -- Monsanto Co. said it's leaving Britain due to opposition to genetically modified foods. Officials at Monsanto -- a multinational agricultural biotechnology corporation and leading producer of genetically engineered seed -- said...

S. Korea seeks to double trade volume

Wed, 08 Feb 2012 01:00:00 +0200

SEOUL, Feb. 3 (UPI) -- South Korea's trade volume topped $1 trillion for the first time in 2011 and the commerce ministry said Friday it wants to double that by 2020. The ministry said efforts will be made to foster about 20,000 more small and mid-sized...

Analysts expect soft landing in 2012

Wed, 08 Feb 2012 01:00:00 +0200

BEIJING, Feb. 3 (UPI) -- China's growth may be adversely affected by global issues but most experts and analysts say they expect a soft landing for its economy in 2012. "We expect the debt crisis in Europe and the weak recovery in the United States...

Grain futures mixed

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 2 (UPI) -- Grain futures closed mixed Wednesday on the Chicago Board of Trade as the dollar index rose 0.18 percent and equities were flat on Wall Street. Corn was up 1 to up 3 1/4, soybeans were up 1 1/4 to up 2 1/4, wheat was off 3 to...

Gold modestly higher

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 2 (UPI) -- Gold prices rose slightly in New York Wednesday, making gains for the third consecutive trading session as equities found only tentative traction. On the Comex division of the New York Mercantile Exchange Wednesday, gold gained...

Bernanke: Current policies won't work

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 2 (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke told a House panel in Washington Thursday current tax policies are not sustainable in the long term. In prepared remarks for the House Committee on the Budget, Bernanke said addressing...

Oil supplies rise in week

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 2 (UPI) -- U.S. crude oil inventories rose in the week that ended Friday, the U.S. Energy Information Administration said. The agency said crude oil inventories rose by 4.2 million barrels to 338.9 million barrels in the latest report....

Some big firms are hiring big numbers

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 2 (UPI) -- At least 12 U.S. corporations have announced intentions to add more than 500 people to their payrolls, a private employment agency said. CareerBuilder Chief Executive Officer Matt Ferguson said, "The number of companies...

Microsoft to streamline marketing

Wed, 08 Feb 2012 01:00:00 +0200

REDMOND, Wash., Feb. 2 (UPI) -- Microsoft Corp. said it was working to streamline its marketing team with one newspaper in Seattle saying the move will mean the loss of 200 jobs. Sources told the Seattle Times that the job reductions were intended to...

Siemens helps Army cut energy costs

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 2 (UPI) -- A solar photovoltaic power generating system is being installed by Siemens at the White Sands Missile Range in New Mexico for the U.S. Army. The .465 MW PV system, would be the largest solar-power system used by the Army,...

Construction gains slow down in Britain

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 2 (UPI) -- The Purchasing Managers Index for the construction sector in Britain declined in January, the Chartered Institute of Purchasing & Supply said Thursday. The PMI, which indicates business growth with numbers above 50, dropped...

More explosives detectors for TSA

Wed, 08 Feb 2012 01:00:00 +0200

NEWARK, Calif., Feb. 2 (UPI) -- The U.S. Transportation Security Administration ordered explosive detection systems from Morpho Detection Inc. for use at four airports. The units ordered were for Morpho's CTX 9800 DSi and CTX 9400 DSi, which use Computed...

Raytheon tapped for BMD work

Wed, 08 Feb 2012 01:00:00 +0200

DULLES, Va., Feb. 2 (UPI) -- An engineering support contract for the U.S. Missile Defense Agency was given to Raytheon's Intelligence and Information Systems business by Lockheed Martin. Under the award, areas to receive support include communications,...

Navy orders weather info systems

Wed, 08 Feb 2012 01:00:00 +0200

EDGEWOOD, Md., Feb. 2 (UPI) -- Smiths Detection reports its mobile weather information systems will be used by U.S. Marines to support mission planning and operations. The order for additional METMF NEXGEN systems was made by the U.S. Navy for use by...

Initial jobless benefit claims drop

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 2 (UPI) -- Initial unemployment claims fell by 12,000 to a seasonally adjusted 367,000 for the week ending Jan. 27, the U.S. Labor Department said Thursday. The previous week's upwardly revised figure was 379,000, the department said...

Decision reached in Eurocopter-Bell case

Wed, 08 Feb 2012 01:00:00 +0200

MARIGNANE, France, Feb. 2 (UPI) -- A Canadian court has awarded punitive damages to France company Eurocopter for intentional patent infringement by Bell Helicopter. The infringement is connected to skid landing gear Eurocopter developed and which is...

Non-farm productivity up 0.7 percent

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 2 (UPI) -- The U.S. Labor Department said non-farm productivity rose 0.7 percent annual rate in the fourth quarter. Output rose 3.6 percent after rising 3.2 percent in the third quarter. Hours worked rose 2.9 percent after rising 0.8...

Job cuts spiked in January

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 2 (UPI) -- U.S. employers in January announced a reduction of 53,486 jobs, a 28 percent jump over layoffs announced in December, a private research group said. The total for the month was also 39 percent higher than January 2011 and shows...

BAE Australia seeks new opportunities

Wed, 08 Feb 2012 01:00:00 +0200

EDINBURGH, Austria, Feb. 2 (UPI) -- BAE Systems reports it is seeking to strengthen its local supply chain in Australia and develop new business opportunities. The initiative is called the Global Access Program, which features a team of specialists...

New radar absorbing material for subs

Wed, 08 Feb 2012 01:00:00 +0200

CANBERRA, Australia, Feb. 2 (UPI) -- Australia's Mackay Consolidated Industries, working with the government, is fitting new radar absorbing material to submarines. The country's Defense Science and Technology Organization said the rubber material,...

Australia receives Chinook helicopters

Wed, 08 Feb 2012 01:00:00 +0200

CANBERRA, Australia, Feb. 2 (UPI) -- Two Boeing Chinook CH-47D helicopters formerly used by the U.S. Army have been delivered to Australia and will enter operation this year. With the aircraft's acquisition by the Australian military, the total number...

Saab receives simulator order

Wed, 08 Feb 2012 01:00:00 +0200

LINKOPING, Sweden, Feb. 2 (UPI) -- The next generation of laser-based training systems for U.S. Army armored vehicles is being provided by a Saab subsidiary under a $17.2 million contract. The value of the indefinite delivery/indefinite quantity award,...

Crude oil slips on supply gains

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 2 (UPI) -- Crude oil prices dropped under $97 per barrel after the U.S. Energy Information Agency said inventories rose by 4.2 million barrels in the week ending Friday. Inventories rose to 338.9 million barrels in the week and remain...

U.S. markets mixed in early going

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 2 (UPI) -- U.S. markets were mixed Thursday morning after the Labor Department said first-time claims for unemployment benefits fell modestly last week. The department said initial claims dropped by 12,000 to 367,000. The four-week rolling...

Economic Outlook: Facebook's riches

Wed, 08 Feb 2012 01:00:00 +0200

According to some projections, the public debut of Facebook Inc. has the potential to make more than 1,000 people overnight millionaires. What's a million, anymore? Well, it's a lot. Facebook filed for its initial public offering Wednesday with the expectation...

Boeing and Thales choose Eurocopter

Wed, 08 Feb 2012 01:00:00 +0200

BRISBANE, Australia, Feb. 2 (UPI) -- Boeing Defense Australia and Thales Australia have opted for the Eurocopter EC135 around which to build an aircrew training system for a major Australian military tender. The companies are working together to bid...

Glitch forces temporary halt in trading

Wed, 08 Feb 2012 01:00:00 +0200

TOKYO, Feb. 1 (UPI) -- A server glitch Thursday forced the Tokyo Stock Exchange to halt temporarily its morning session trading of 241 issues, the exchange said. The glitch, which was being investigated, occurred in the market data distribution system. Trading...

China's manufacturing sector improves

Wed, 08 Feb 2012 01:00:00 +0200

BEIJING, Feb. 1 (UPI) -- China's manufacturing sector, aided by growth in new orders, improved in January from December, official figures showed. The improvement was indicated by a rise in the Purchasing Managers' Index to 50.5 in January from 50.3...

Grains prices higher in Chicago

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Feb. 1 (UPI) -- Grain futures closed higher Wednesday on the Chicago Board of Trade with aggressive buying by funds in wheat and soybean markets. Corn was up 3 to up 4 3/4, soybeans were up 14 1/2 to up 16 1/4, wheat was up 6 1/4 to up 8 1/4...

Gold continues comeback

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 1 (UPI) -- Gold prices rose slightly in New York Wednesday, making gains for the second consecutive trading session. Gold has been mounting a comeback from a recent trough under $1,600 in mid-December. On the Comex division of the New...

Drop in Northrop Grumman defense sales sign of the times

Wed, 08 Feb 2012 01:00:00 +0200

FALLS CHURCH, Va., Feb. 1 (UPI) -- U.S. defense manufacturer Northrop Grumman Corp. reported sales of $26.4 billion in 2011, a $1.7 billion -- 6 percent -- drop from 2010 and a sign of the times reflecting cutbacks and lower demand on both sides of the...

Facebook's IPO may have users in mind

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 1 (UPI) -- Speculators are wondering if U.S. social networking Web site Facebook's reported initial public offering will offer the little guy a piece of the action. With 800 million users, which Facebook says will reach 1 billion by...

Chrysler starts the year with a big jump

Wed, 08 Feb 2012 01:00:00 +0200

DETROIT, Feb. 1 (UPI) -- U.S. automaker Chrysler Group LLC posted a January-to-January sales gain of 44.3 percent, Autodata reported Wednesday. Chrysler, the smallest of the so-called Big Three, said it sold 101,149 vehicles in January, compared with...

GPS-guided mortar round on way

Wed, 08 Feb 2012 01:00:00 +0200

ST. PETERSBURG, Fla., Feb. 1 (UPI) -- A precision mortar with GPS guidance is being developed through a partnership between General Dynamics Ordnance and Tactical Systems and BAE Systems. Work on the 81mm Roll Controlled Guided Mortar has been going...

Boeing targeting system in production

Wed, 08 Feb 2012 01:00:00 +0200

ST. LOUIS, Feb. 1 (UPI) -- A new Distributed Targeting System for the U.S. military's F/A-18E/F fighter jets is on the production line at Boeing, the company announced. The U.S. Navy gave the go-ahead for initial low-rate production following the system's...

American Airlines to cut spending and workforce

Wed, 08 Feb 2012 01:00:00 +0200

FORT WORTH, Texas, Feb. 1 (UPI) -- AMR Chief Executive Officer Tom Horton said Wednesday that U.S. carrier American Airlines is aiming for 20 percent in cost reductions across the board. In a memo addressed employees, Horton said, "all work groups...

BAE receives another Nulka contract

Wed, 08 Feb 2012 01:00:00 +0200

EDINBURGH, Australia, Feb. 1 (UPI) -- BAE Systems Australia reports it has been contracted by the government for through-life support of the Nulka missile decoy system. The award from Australia's Defense Materiel Organization is for six years initially...

Construction spending rose in December

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 1 (UPI) -- Construction spending for December rose 1.5 percent above November, but fell 2 percent in 2011 compared to 2010, the U.S. Census Bureau reported Wednesday. Spending on private and public projects for November reached a seasonally...

Mortgage activity slows slightly

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Feb. 1 (UPI) -- The Mortgage Bankers Association said U.S. mortgage activity fell 2.9 percent in the week ending Friday, although long-term interest rates also fell slightly. Interest rates for 30-year, fixed-rate conforming mortgages fell...

MBDA developing new missile system

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 1 (UPI) -- MBDA UK has been picked by Britain's Ministry of Defense Ministry to develop a new naval missile defense system. Called the Sea Ceptor, the system would intercept and destroy incoming missiles honing in on ships at supersonic...

Australia extends F/A-18 contract

Wed, 08 Feb 2012 01:00:00 +0200

WILLIAMTOWN, Australia, Feb. 1 (UPI) -- Australia's military has extended a modification and support contract held by BAE Systems Australia and L-3 MAS Canada for F/A-18 aircraft. The extension is for 10 months and is worth about $53 million. Australia's...

Collaboration forum set for Saudi Arabia

Wed, 08 Feb 2012 01:00:00 +0200

RIYADH, Saudi Arabia, Feb. 1 (UPI) -- A forum to promote collaboration and partnerships between Saudi Arabian industry and Lockheed Martin has been conducted in Riyadh. The forum, which was last Sunday and Monday, featured speakers such as Lockheed...

DCNS wins maintenance work on frigates

Wed, 08 Feb 2012 01:00:00 +0200

TOULON, France, Feb. 1 (UPI) -- French naval defense company DCNS has received a four-year award for through-life support services to two French navy frigates. DCNS said it and its program partners will compete for two major refits to the Horizon class...

Lockheed touts C-130 milestone

Wed, 08 Feb 2012 01:00:00 +0200

MARIETTA, Ga., Feb. 1 (UPI) -- It's been nearly 60 years since the first Lockheed Martin C-130 Hercules took to the air and production of the U.S. aircraft is going strong. Lockheed announced Tuesday that it has produced and delivered the 2,400th Hercules...

Private sector adds 170,000 jobs in January

Wed, 08 Feb 2012 01:00:00 +0200

ROSELAND, N.J., Feb. 1 (UPI) -- Payroll firm Automatic Data Processing Inc. said the U.S. economy added 170,000 private sector jobs in January, in line with economists' expectations. Economists predicted a slightly higher figure, forecasting there would...

KC-46s getting extra fuel tanks

Wed, 08 Feb 2012 01:00:00 +0200

DAVENPORT, Iowa, Feb. 1 (UPI) -- KC-46 tankers being produced by Boeing for the U.S. Air Force will be fitted with body fuel tanks from Cobham Mission Equipment. The tanks will provide increased range and fuel offload capacity for the plane, which entered...

Eurozone manufacturing slowed in January

Wed, 08 Feb 2012 01:00:00 +0200

LONDON, Feb. 1 (UPI) -- Manufacturing activity in the eurozone contracted in January for the fifth consecutive month, research firm Markit Economics said Wednesday. There was a sliver lining in the report. Manufacturing activity declined in the 17-nation...

Market turn higher

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 1 (UPI) -- U.S. markets headed higher Wednesday morning after Automatic Data Processing Inc., said 170,000 jobs were added to the economy in January. Manufacturing data from Germany and Britain came in higher than expected. The job report...

Crude oil tops $100 with gains in check

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Feb. 1 (UPI) -- Crude oil prices held under $100 per barrel Wednesday, keeping within its 2012 trading range. Prices rose overnight as economic data from Europe encouraged investment. But gains were held in check by long-term concerns over...

Economic Outlook: Think small

Wed, 08 Feb 2012 01:00:00 +0200

All eyes fall on jobs data Wednesday in a news release that is a preliminary run up to Friday's government report. Automatic Data Processing Inc. said that 170,000 private sector jobs were added to the economy in January, a sharp decline from the downwardly...

IRS conducts identity theft sweep

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Jan. 31 (UPI) -- The Internal Revenue Service said Tuesday refunds to some early U.S. tax filers may be delayed in a bid to crack down on identity theft and refund fraud. Last week, the IRS and the Justice Department conducted a nationwide...

Grains mostly higher Tuesday

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Jan. 31 (UPI) -- Grain futures closed mostly higher Tuesday on the Chicago Board of Trade as the dollar index rose 0.18 percent. Corn was up 6 1/4 to up 7 1/2, soybeans were up 12 to up 13 3/4, wheat was up 17 1/2 to up 21 1/2 and oats were...

Gold slides slightly

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Jan. 31 (UPI) -- Gold prices rose slightly in New York Tuesday as the dollar was split against the euro and the yen. On the Comex division of the New York Mercantile Exchange, gold gained $6 even to reach $1,740.40 per troy ounce. Silver shed...

Mopar introduces four customized cars

Wed, 08 Feb 2012 01:00:00 +0200

CENTER LINE, Mich., Jan. 31 (UPI) -- U.S. auto parts and service company Mopar gave the public its first look at its model year 2012 customized Chrysler vehicle Tuesday. Mopar is Chrysler's parts and service division -- a marriage of the words "motor"...

Lockheed orders Gatling guns for F-35s

Wed, 08 Feb 2012 01:00:00 +0200

CHARLOTTE, N.C., Jan. 31 (UPI) -- More than two-dozen GAU-22/A Gatling gun systems for F-35 Lightning II aircraft have been ordered from General Dynamics Armament and Technical Products. The order from Lockheed Marti, maker of the advanced aircraft,...

Lockheed to stand up new Army lab

Wed, 08 Feb 2012 01:00:00 +0200

ORLANDO, Fla., Jan. 31 (UPI) -- A new laboratory for the U.S. Army Medical Research Institute of Infectious Diseases in Maryland will be set up by Lockheed Martin under a $66 million contract. The facility at Fort Detrick, which will replace an existing...

Chicago business index backpedals

Wed, 08 Feb 2012 01:00:00 +0200

CHICAGO, Jan. 31 (UPI) -- The Chicago Business Barometer showed slower gains in January than December, the Institute for Supply Management said Tuesday. With numbers above 50 indicating expansion, the Chicago association's headline business barometer...

Australian forces receiving Falcon radios

Wed, 08 Feb 2012 01:00:00 +0200

MELBOURNE, Fla., Jan. 31 (UPI) -- Australia's Department of Defense has ordered Falcon radios from the Harris Corp. of Florida for its armed forces. The order is part of Australia's tactical radio modernization program for its armed forces and will...

Israels seeks to fill its quiver of Arrows

Wed, 08 Feb 2012 01:00:00 +0200

TEL AVIV, Israel, Jan. 31 (UPI) -- Israel has test-fired its new Arrow-3 anti-ballistic missile system, the country's main defense against Iran's Shehab-3 missiles, as it drives to boost its arsenal of about 120 of the weapons amid rising tension in...

Companies team for ship support work

Wed, 08 Feb 2012 01:00:00 +0200

SYDNEY, Jan. 31 (UPI) -- The Australian navy's newest Landing Ship Dock HMAS Choules could be provided with life support services from Britain's A&P Group and Thales Australia. A&P said it has signed an agreement with Thales Australia to offer...

Retail sales up a touch

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Jan. 31 (UPI) -- U.S. sales receipts at chain stores rose slightly in the week ending Saturday, the International Council of Shopping Centers said Tuesday. Sales rose 0.1 percent in the week, but came in 3.9 percent higher than the same...

Consumer confidence slides

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Jan. 31 (UPI) -- Consumer confidence in the United States retreated in January after two months of gains, the Conference Board said Tuesday. The index hit a two-year low in August, then posted gains in September, November and December, sliding...

European job data shows lack of recovery

Wed, 08 Feb 2012 01:00:00 +0200

BRUSSELS, Jan. 31 (UPI) -- The unemployment rate in the eurozone was unchanged in December compared to November, holding at 10.4 percent, the European Union's data office said Tuesday. The rate is a modest tick higher than the 10 percent rate of December...

Home prices continue to fall

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Jan. 31 (UPI) -- U.S. home prices declined in both 10-city and 20-city composite indexes in November, the closely watched S&P/Case-Shiller home index report said. Considered a base line economic indicator showing consumers are confident...

Group plans protests ahead of China visit

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Jan. 31 (UPI) -- A coalition of U.S. labor unions, Democratic politicians and trade advocacy groups is planning a trade protest ahead the Chinese vice president's U.S. visit. The coalition said it plans to announce Tuesday the final states...

Crude oil climbs Tuesday

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Jan. 31 (UPI) -- Crude oil prices climbed above $100 per barrel Tuesday, as equities rose in Asia and Europe. On the New York Mercantile Exchange, West Texas Intermediate crude added $1.64 to reach $100.42 per barrel. Home heating oil added...

Markets flat Tuesday

Wed, 08 Feb 2012 01:00:00 +0200

NEW YORK, Jan. 31 (UPI) -- U.S. markets were flat Tuesday as Statistics Canada said the Canadian gross domestic product declined in November. The GDP fell 0.1 percent in November, after coming in flat in October, Statistics Canada said. Equities were...

Economic Outlook: A good miss

Wed, 08 Feb 2012 01:00:00 +0200

European Union leaders in Brussels agreed to new fiscal discipline measures Monday with only two holdout nations turning the proposals down. Britain and the Czech Republic decided not to join with 25 other European Union countries that adopted the tougher...

Tiny dip in Canada's GDP in November

Wed, 08 Feb 2012 01:00:00 +0200

OTTAWA, Jan. 31 (UPI) -- Canada's gross domestic product dipped by 0.1 percent in November, largely because of decreased energy output, Statistics Canada said Tuesday. Oil and gas extraction declined 2.5 percent in November, particularly in the output...

Air Force, industry meet over new helo

Wed, 08 Feb 2012 01:00:00 +0200

WASHINGTON, Jan. 31 (UPI) -- The U.S. Air Force has laid out its vision and requirements to industry for a new combat rescue helicopter. Discussions -- both open session and private one-on-one talks -- among program officials and company representatives...

Russia not in South Korea jet competition

Wed, 08 Feb 2012 01:00:00 +0200

SEOUL, Jan. 31 (UPI) -- Russian aircraft manufacturers won't compete for a contract to supply South Korea with advanced fighter aircraft, South Korean officials said. The Korea Times newspaper reported that Russia's Sukhoi had expressed interest in...