U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
BAE Systems Plc is deploying smaller suppliers to pressure U.S. lawmakers to speed up orders to modernize Bradley fighting vehicles, a move the company said may protect thousands of subcontractor jobs and keep a Pennsylvania assembly line open.
Eli Lilly & Co. Chief Executive Officer John Lechleiter said during a panel discussion in Washington that U.S. lawmakers should renew the research-and- development tax credit to make it easier for companies to compete globally. The Oct. 5 event, sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News in Washington, centered on ways to spur innovation.
BorgWarner Inc., the world’s biggest maker of automatic-transmission parts for vehicles, filed a lawsuit accusing Cummins Inc. of infringing three patents for a titanium wheel used in engine turbochargers.
Five corporate executives and seven university leaders discussed with John Holdren, President Barack Obama’s science adviser, and David Kappos, head of the U.S. Patent and Trademark Office, ways to boost the economy through promoting innovation during an Oct. 5 event in Washington sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News.
Massachusetts Institute of Technology President Susan Hockfield said during a panel discussion in Washington that Congress must keep its pledge to let U.S. Patent and Trademark Office, or PTO, have control over all the fees it collects to promote innovation and spur job creation. The Oct. 5 event, sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News, centered on ways to spur innovation.