The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report.
ThyssenKrupp AG, Kone Oyj and United Technologies Corp.’s Otis unit, fined by the European Union in 2007 for fixing prices, lost a bid to block construction companies from gaining access to regulators’ files for lawsuits in Germany.
Before Charlie Enright and Mark Towill could sail through the Southern Ocean’s gales in the round-the-world Volvo Ocean Race, they needed help from a Disney movie, a Turkish medical devices company and a business plan.
ANA Holdings Inc. gave Boeing Co.’s 787 Dreamliner a vote of confidence by ordering 14 more of the jets as part of a $16.6 billion shopping spree a year after regulators grounded the composite aircraft.
United Technologies Corp., the maker of Black Hawk helicopters and Carrier air conditioners, dropped the most in more than a month after giving a first- quarter profit forecast below analysts’ estimates.
U.S. stocks fell, erasing this year’s gains for the Standard & Poor’s 500 Index, as weaker- than-forecast data from China and tension in Ukraine overshadowed reports showing an improving American economy.
Italian Prime Minister Matteo Renzi’s political party said cuts to the government’s order of Lockheed Martin Corp. F-35 fighter jets need to be significant to ensure more defense spending stays with domestic contractors.