29 September, 2015 by The TZ Newswire Staff Comments Off on Lockheed-Boeing launch venture wins $882 million U.S. contract
Lockheed-Boeing launch venture wins $882 million U.S. contract
United Launch Alliance, a joint venture of Lockheed Martin Corp (LMT.N) and Boeing Co (BA.N), has won an $882 million contract to continue launching satellites for the U.S. Air Force with its Delta IV and Atlas V rockets, the Pentagon said Tuesday. The U.S. Defense Department said the contract covers launch capability, mission integration, base and range support, maintenance, depreciation on equipment, mission assurance, program management, systems engineering, and launch site and range operations during fiscal year 2016, which begins Oct. 1.
29 September, 2015 by The TZ Newswire Staff Comments Off on Ford given five-day strike notice at key F-150 plant by U.S. union
Ford given five-day strike notice at key F-150 plant by U.S. union
The United Auto Workers union on Tuesday threatened a strike in five days at a key plant making the company’s most important model, the F-150 pickup truck, due to disagreements on a new “local” labor contract, the UAW’s Ford chief said. UAW Vice President Jimmy Settles said a strike authorization had been approved by UAW President Dennis Williams. Ford is currently in talks for a new four-year national contract affecting Ford’s 52,700 U.S. unionized workers as well as for a new pact for the 7,500 workers at the Kansas City Assembly Plant in Missouri.
29 September, 2015 by The TZ Newswire Staff Comments Off on Japan Vehicle production for August: -4.7% y/y (prior -5.9% y/y)
Japan Vehicle production for August: -4.7% y/y (prior -5.9% y/y)
Japan Vehicle production for August
This is not usually much of an immediate FX market mover
USD/JPY is down a couple of pips … not much movement at all after this data point.
29 September, 2015 by The TZ Newswire Staff Comments Off on Head of Japanese business lobby says economy improving under Abenomics, but …
Head of Japanese business lobby says economy improving under Abenomics, but …
Reuters report on a comment from the head of Keidanren:
– Economy improving under Abenomics, but cant be optimistic about outlook
–
The Japan Business Federation, or Keidanren
29 September, 2015 by The TZ Newswire Staff Comments Off on Australian govt. officials say iron ore price has bottomed
Australian govt. officials say iron ore price has bottomed
Iron ore prices have bottomed says the Australian Department of Industry & Science in the Resources and Energy Quarterly publication
– They forecast a decline next year (average $53 this year and $51 in 2016), but then a steady rise in prices through 2020
Report is and
29 September, 2015 by The TZ Newswire Staff Comments Off on Ralph Lauren hires Old Navy executive to replace him as CEO
Ralph Lauren hires Old Navy executive to replace him as CEO
Ralph Lauren Corp hired Stefan Larsson, the global president of Gap’s Old Navy division, as CEO of Ralph Lauren Corp (RL.N), the company 75-year-old Lauren founded in 1967. Lauren will continue to serve as executive chairman and head its design team, the company said in a statement.
29 September, 2015 by The TZ Newswire Staff Comments Off on JPMorgan ordered to face London Whale class action in U.S
JPMorgan ordered to face London Whale class action in U.S
JPMorgan Chase & Co (JPM.N) shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the “London Whale” trading scandal, which caused a $6.2 billion loss, as a class action. U.S. District Judge George Daniels in Manhattan rejected the largest U.S. bank’s arguments against class action certification, which often results in higher recoveries because plaintiffs can sue as a group rather than individually.