Reuters – Raytheon Co and L-3 Communications Holdings on Thursday reported a drop in quarterly sales, but the defense contractors cited rising backlogs as a cause for optimism in the face of falling defense budgets. Read the rest of this entry »
Reuters – Boeing Co posted a larger quarterly profit on Wednesday, topping analyst forecasts, on strong commercial and military sales, and the company raised its earnings forecast for the full year. Read the rest of this entry »
AP – The government’s promise of lifetime health care for the military’s men and women is suddenly a little less sacrosanct as Congress looks to slash trillion-dollar-plus deficits. Read the rest of this entry »
AP – A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece’s debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds. Read the rest of this entry »
AP – President Barack Obama on Friday declared an end to the Iraq war, one of the longest and most divisive conflicts in U.S. history, announcing that all American troops would be withdrawn from the country by year’s end. Read the rest of this entry »
AP – Japan is stepping up efforts ahead of new U.S. Defense Secretary Leon Panetta’s visit next week to break a stalemate over the relocation of a Marine base that has stalled the restructuring of U.S. military forces in Asia. Read the rest of this entry »
Reuters – The Supreme Court said on Monday that it would decide whether a federal law making it a crime to lie about being awarded a military medal or decoration violated free-speech rights. Read the rest of this entry »