Lockheed Martin Corp. and Huntington Ingalls Industries Inc., two of the biggest U.S. defense companies, grabbed bigger slices of a shrinking federal contract market last year, a Bloomberg Government study found.
Charter Communications Inc. is nearing a deal to acquire about 1.5 million subscribers from Comcast Corp. and an equity stake in a newly formed company with another 2.5 million customers, people familiar with the situation said.
The New York Knicks began what one National Basketball Association analyst called the “second step” in trying to re-sign leading scorer Carmelo Anthony by firing coach Mike Woodson after two full seasons.
The New York Giants signed quarterback Josh Freeman, a former first-round draft pick who was cut by the Tampa Bay Buccaneers in the middle of last season and finished the year with the Minnesota Vikings.
Brad Richards and Derek Stepan scored power-play goals 47 seconds apart in the third period to give the New York Rangers a 4-1 win against the Philadelphia Flyers in the opening game of their National Hockey League playoff series.
UnitedHealth Group Inc., the biggest U.S. health insurer, said profit fell 7.8 percent, hurt by cuts to its Medicare Advantage program for elderly and disabled Americans. The shares declined the most in six months.