April 24th, 2012 by InvestorPoint

DALLAS, April 24, 2012 /PRNewswire/ – Lockheed Martin (NYSE: LMT) received a $79.4 million contract from the U.S. Department of Defense to develop a new variant of the Guided Multiple Launch Rocket System (GMLRS) that incorporates a new warhead. Under the terms of the contract, the GMLRS Alternative Warhead Engineering and Manufacturing Development Program will run 36 months, and will focus on system performance, warhead qualification and producibility.  The GMLRS alternative war…continued
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October 4th, 2011 by InvestorPoint

WASHINGTON, Oct. 4 (UPI) — A ranking House committee Democrat in Washington blasted a federal watchdog agency for its apparent failure to regulate foreclosure abuses. In a statement, Rep. Elija Cummings, D-Md., said he found “the systematic failures by FHFA (the Federal Housing Finance Agency) and Fannie Mae (the Federal National Mortgage Association) to adequately oversee these foreclosure law firms to be a breach of the public trust and an assault on the integrity of our justice system,” The New York…continued
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October 4th, 2011 by InvestorPoint

MIAMI, Oct. 4 (UPI) — Univision offered to kill or soften a story on Sen. Marco Rubio’s brother-in-law’s 1987 drug bust if Rubio granted an interview, The Miami Herald reported. After the Herald reported the apparent offer, three Florida Hispanic Republicans called on the national GOP and their party’s presidential candidates Monday to boycott a proposed presidential candidates’ debate on the Spanish-language network. The three lawmakers — U.S. Rep. David Rivera and state Reps. Carlos Lopez-Cantera…continued
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October 4th, 2011 by InvestorPoint

NEW YORK, Oct. 4 (UPI) — U.S. markets were mixed Tuesday after Federal Reserve Bank Chairman Ben Bernanke testified that policy makers had more stimulus options left. Bernanke also painted a dour picture saying the U.S. economic recovery is close to “faltering.” Markets had headed lower earlier, but put brakes on the skid after Bernanke testified. On Wall Street in early afternoon trading, the Dow Jones industrial average lost 100.50 points, 0.94 percent, to 10,554.80. The Standard Poor’s 500 index…continued
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September 29th, 2011 by InvestorPoint

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to 18 months after pleading guilty to their part in the scam, the department said in a statement. Four separate one-count felony charges were filed in the U.S. District Court for the Ea…continued
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