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Lockheed Martin Corp. spent nearly twice as much on lobbying during the first quarter of 2009 as it did during the previous three months as it aggressively campaigned to save key weapons programs ahead of a budget shakeup in April.
UNITAID and the Clinton Foundation HIV/AIDS Initiative on Friday announced a bulk purchasing agreement with a group of generic drug manufacturers that will reduce the price of some antiretroviral drugs in developing countries, Reuters reports.
S&P 500 and Nasdaq 100 stock index futures fell on Tuesday following results from top global chipmaker Intel Corp that beat expectations, but only gave an informal revenue outlook for the current quarter.
Reuters - U.S. President Barack Obama encouraged Americans on Thursday to take advantage of historically low mortgage rates and said his administration was rolling out further phases of its plan to address the housing crisis.
The U.S. must set a cap-and-trade system for carbon emissions as soon as possible to spur energy industry investment in needed high-tech power lines and electrical systems, the chief executive of Duke Energy Corp. said Tuesday.
Reuters - U.S. President-elect Barack Obama is seeking new ways to end a credit crisis that is roiling world economies and he warned on Saturday of the vast challenges a worsening economy poses for Americans.
Reuters - Nearly 2 billion people in Asia, from coastal city dwellers to yak-herding nomads, will begin suffering water shortages in coming decades as global warming shrinks glaciers on the Tibetan Plateau, experts said.
Reuters - William Dudley, who runs the markets desk at the Federal Reserve Bank of New York, is the likely front-runner to become next president of the bank, the Wall Street Journal reported on Friday.
Reuters - Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on financial institutions
Reuters - Stocks rose on Friday on strength in the energy sector and companies that hold up well in recessions, while reassuring comments from Britain's Barclays late in the day helped financials cut losses that had driven the market lower earlier.
Reuters - Stock index futures rose on Friday after Bank of America received a $20 billion government capital injection, overshadowing signs of more fallout from the credit crisis for the financial sector.
Reuters - Japan's top two automakers, Toyota and Honda, will slash output further to counter swelling inventories as auto sales slump, while third-ranked Nissan is seen shifting some output abroad to cut costs.
Reuters - Bank of America Corp was rescued by the U.S. government on Friday through a $20 billion bailout and a guarantee for almost $100 billion of potential losses on toxic assets to cushion the blow from a deteriorating balance sheet at Merrill Lync...
Reuters - Intel Corp expects margins to bounce back to "healthy" levels in the second half, but held back on giving detailed quarterly forecasts when it issued earnings on Thursday, citing economic uncertainty.