Robert Stevens News
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The defense industry is urging Congress to delay the fight over taxes and focus on avoiding the automatic budget cuts that begin in six days.
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Obama administration officials told leaders of business and financial services groups that negotiations with House Speaker John Boehner have deteriorated in the past 24 hours, a person familiar with the meeting said.
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The head of Lockheed Martin Corp. said the impasse on negotiations to avoid tax increases and spending cuts is rattling nerves in the business community.
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Lockheed Martin Corp. won’t ask the Pentagon to reimburse part of the $3.5 million it is paying the chief operating officer who left last month after it was disclosed he had an extramarital affair with a subordinate.
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John Lutz is following the debate in Washington over the so-called fiscal cliff with more than academic interest.
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Robert Stevens turned out to be one of the biggest trophies in the acquisition binge that made Lockheed Martin Corp. the world’s biggest defense contractor.
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Lockheed Martin Corp. said its incoming chief executive officer resigned after the company discovered a relationship with a subordinate and named one of its unit heads to the position starting next year.
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Bearish options trading on Lockheed Martin Corp. surged to a record on Nov. 9 hours before the biggest defense contractor said its incoming chief executive officer resigned because of a relationship with a subordinate.
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Chief executives may be no more prone to extramarital affairs than in the past, yet the notoriety for getting caught has exploded.
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Lockheed Martin Corp., the world’s largest defense company, reported first-quarter profit rose 20 percent as Robert Stevens, the chairman and chief executive officer, announced plans to retire.
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