The slump in business-jet sales since the 2008 global recession probably will last into 2016 as corporate buyers wait for their businesses to rebound, Rockwell Collins Inc. Chief Executive Officer Kelly Ortberg said.
Israel didn’t oppose a $60 billion U.S. arms sale to Saudi Arabia, in part because the Pentagon agreed to sell the Israelis at least 20 new Lockheed Martin Corp. F-35 jets, according to the new book by Robert Gates.
Rockwell Collins Inc., the maker of aircraft electronics, plans to build an information management services unit centered on recently acquired Arinc Inc., as the company seeks to lead digital communications that could transform aviation over the next 15 years.
Matthew Bucksbaum, who influenced how Americans shop and invest in retail real estate as co- founder of General Growth Properties Inc., the second-biggest U.S. owner of shopping malls, has died. He was 87.
It’s a two-hour drive between Ames and Cedar Rapids, two key Iowa cities for Republican presidential candidates competing in the state that will host the first balloting next year. Ron Paul flew by private jet.
The U.S. Equal Employment Opportunity Commission must pay $4.6 million in attorneys’ fees and expenses to CRST, an Iowa trucking company, because of a sexual harassment and discrimination suit that was thrown out.
Peregrine Financial Group Inc. Chief Executive Officer Russell Wasendorf Sr. said in a signed statement linked to his suicide attempt that he committed fraud for two decades at his Cedar Falls, Iowa-based company, according to a federal complaint.
Russell Wasendorf Sr., the founder of the bankrupt commodities firm Peregrine Financial Group Inc., was sentenced to 50 years in prison for what prosecutors said was a theft of more than $215 million from customers.