Fort Worth News
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The Defense Department will realize “substantial savings” from further five-year purchases of weaponry, including the V-22 Osprey from Textron Inc. and Boeing Co., the Pentagon’s top weapons buyer told Congress.
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AMR Corp.’s American Airlines will add coach seats with extra legroom and priority boarding, joining bigger competitors that already offer more space in their economy cabins.
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When Warren Buffett bought North America’s second-biggest railroad, he called it an “all-in wager” on the U.S. economy. It’s turning out to be a pretty good bet on the oil industry, too.
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American Airlines parent AMR Corp. won’t give two of its lenders more protection on collateral for almost $1.5 billion of the company’s debt, after they had sought assurance about the eroding value of the bankrupt carrier’s aircraft and other assets.
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SS&C Technologies Holdings Inc. said it’s weighing a potential cash offer for GlobeOp Financial Services SA, even after TPG Capital LLP agreed to buy the hedge fund administrator last week.
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GlobeOp Financial Services SA fell the most in London trading since January after potential takeover bidder SS&C Technologies Holdings Inc. agreed to buy Thomson Reuters Corp.’s Portia investment-operations business.
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Lynne F. Stewart, the lawyer imprisoned for helping an incarcerated Egyptian cleric pass messages to his terrorist followers, told a U.S. appeals court her 10-year sentence is punishment for exercising her free- speech rights.
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American Airlines was sued by its pilots’ union, which is seeking to block the airline from rejecting a labor agreement and forcing new employment terms on the union because the contract has expired.
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Lockheed Martin Corp., the No. 1 U.S. defense contractor, is the first company to have payments withheld under a new Pentagon rule intended to correct deficiencies with internal systems that track cost, schedules, accounting and purchases, according to the Defense Department.
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Burlington Northern Santa Fe, the railroad that Warren Buffett’s Berkshire Hathaway Inc. bought in 2010, and H.J. Heinz Co. are among borrowers selling bonds as investment-grade yields fall to the lowest on record.
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