Business

Lockheed Martin has secured a six-year, $932.8 million contract modification from the Missile Defense Agency to manufacture ballistic missile interceptors for the U.S. government and Saudi Arabia to fulfill a foreign military sales case requirement. […]

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In its boldest effort to protect the U.S. economy from the coronavirus, the Federal Reserve says it will buy as much government debt as it deems necessary and will begin lending to small and large […]

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Shattered airlines were left counting the cost of government support as countries from the United States to New Zealand set out conditions for bailouts needed to absorb the shock of the coronavirus pandemic, Reuters writes. […]

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Stock markets rebounded from some of their recent huge losses on Friday, pulling further away from three-year lows as central banks and governments pledged masses of cash to reduce the economic impact of the coronavirus […]

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From airlines and cruise lines to retailers and energy companies, investors are fleeing large pockets of the corporate credit market, worried that the coronavirus pandemic will lead to bankruptcies, defaults and credit rating downgrades, Reuters […]

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Wall Street rebounded on Tuesday, following its steepest declines since the 1987 crash, as the Federal Reserve took more steps to boost liquidity in a market sapped by business and travel disruptions in the wake […]

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Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets, Reuters reported. President Donald Trump’s Europe […]

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Boeing’s proposal to leave wiring bundles in place on the grounded 737 MAX has not won the backing of U.S. aviation regulators, a person briefed on the matter told Reuters. Last month, Boeing told the […]

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The world’s largest economies delivered more worrisome cues Monday as anxiety over the virus outbreak sent stock and oil prices plunging and closed sites from the Sistine Chapel to Saudi Arabian schools, The Associated Press […]

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Shares of Saudi state oil company Aramco slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading in December, after OPEC’s pact with Russia to restrict oil […]

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U.S. financial regulators are preparing contingency arrangements, including travel restrictions and home-working, to ensure they can effectively oversee the financial markets as the coronavirus closes in on the U.S. capital, Reuters writes. On Friday, U.S. […]

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U.S. job growth likely slowed in February, but the pace probably remained consistent with a healthy labor market despite the coronavirus outbreak, which stoked financial market fears of a recession and prompted an emergency interest […]

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President Donald Trump on Tuesday called on the Federal Reserve to cut interest rates significantly, saying higher borrowing costs are tough on its exporters and puts the country at a disadvantage, Reuters reported. “Our Federal […]

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Wall Street’s main indexes were on track for their worst week since the 2008 global financial crisis on Friday as the selloff deepened on fears that the fast-spreading coronavirus could lead to a recession, Reuters […]

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Investment-advisors are increasingly worried that U.S. authorities are not doing enough to prevent a widespread outbreak of coronavirus in the country, potentially adding further downside to already-battered markets, Reuters writes. Their criticisms include the number […]

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Travel restrictions to China because of the coronavirus have come just as Apple Inc’s engineers usually jet off to Asia to perfect the production of this fall’s new iPhones, former employees and supply chain experts […]

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U.S. stocks attempted a recovery on Wednesday after a rocky start to the week that shaved off more than 6% from the main indexes on growth concerns stemming from a global spread of the coronavirus, […]

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PepsiCo has said that it seeks to invest over six billion riyals ($1.6 billion) in Saudi Arabia over the next five years, Asharq Al-Awsat informed. The governor of the Saudi Arabia General Investment Authority (SAGIA), […]

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Boeing heads to court on Wednesday to dispute a request from lawyers representing victims of a 737 MAX crash for documents related to the aircraft’s design, development, and two fatal disasters, Reuters writes. Chicago-based Boeing […]

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President Donald Trump objected on Tuesday to U.S. proposals that would prevent companies from supplying jet engines and other components to China’s aviation industry and suggested he had instructed his administration not to implement them, […]

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