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Lockheed wins more than $1 billion contract for C-130J aircraft

December 31, 2015 by · Leave a Comment 

(Reuters) – Lockheed Martin Corp has been awarded a contract worth more than $1 billion for 32 C-130J aircraft, the Pentagon said on Wednesday. The work is expected to be completed

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Lockheed wins more than $1 billion contract for C-130J aircraft

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Puerto Rico to default on some debts, will pay GO debt

December 31, 2015 by · Leave a Comment 

Puerto Rico will default for the second time in five months, but will pay the bulk of $1 billion due on Jan. 4, including its most senior debt, Governor Alejandro Garcia Padilla said on Wednesday. The Caribbean island's biggest payment, $328.7 million in general obligation debt, will be paid, the governor told reporters at a press conference in San Juan. More than half of that payment was made by

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Puerto Rico to default on some debts, will pay GO debt

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

December 31, 2015 by · Leave a Comment 

KaloBios Pharmaceuticals Inc, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy on Tuesday. The filing comes weeks after KaloBios received financing from Shkreli to avert closing down, only to have those plans upended by his arrest. Shkreli was arrested on Dec 17 for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

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Oil ending 2015 how it began – on the skids

December 31, 2015 by · Leave a Comment 

By Wayne Cole SYDNEY (Reuters) – Asian share markets were ending the year on a subdued note on Thursday as a renewed slide in oil prices sapped sentiment, a baleful trend that shows every sign of lingering into 2016. The relentless decline in oil hit currencies of commodity-rich countries including the Russian rouble, Canadian dollar, Norwegian crown, Brazilian real and Mexican peso. While cheaper fuel is a boost to consumer spending power in much …

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Oil ending 2015 how it began – on the skids