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Sikorsky Deal Forces Lockheed to Update Its 10-K. Should You Worry?

2016-03-09 05:44:29| Paper - Topix.net

Lockheed Martin finalized its $9 billion purchase of Sikorsky helicopters from United Technologies in Novemberof last year. No sooner had it done so, though, than a new red flag popped up on Lockheed's annual report: Caveat emptor I paraphrase, of course.

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N.J. Transit Negotiations Update: 'Productive, Positive' Day At Bargaining Table

2016-03-09 03:21:13| Railroads - Topix.net

Tuesday's discussions between New Jersey Transit and 11 unions representing 4,000 rail and bus workers were "productive and positive," according to Interim Executive Director Dennis Martin. While the tenor of the meetings was positive, "there is still more work to be done," Martin said.

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UPDATE 1-Nippon Steel pushing hard for Usiminas cash injection -source

2016-03-09 01:14:13| Steel - Topix.net

Japan's Nippon Steel & Sumitomo Metal Corp will press hard to approve a capital increase for Brazilian steelmaker Usiminas SA this week, with a threat to sue if fellow shareholders block the motion, a source with knowledge of the matter said on Tuesday. The Japanese group will propose a cash injection of 1 billion reais at a Friday board meeting, and is willing to finance the capital increase alone if the other major shareholder, Italian-Argentinian conglomerate Techint Group, refuses to participate, the same source said.

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UPDATE 1-Orange CEO says needs invite from Bollore to look at Telecom Italia

2016-03-08 18:37:42| Telecom - Topix.net

Orange Chief Executive Officer Stephane Richard has said he might look into the possibility of a merger deal with Telecom Italia if French billionaire Vincent Bollore invited him to, but does not think that would happen. Bollore is chairman and the biggest shareholder of French media group Vivendi, which since last year has built up a 23.8 percent stake in Telecom Italia.

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Traffic update: Steel Bridge re-opened to ped and bike traffic

2016-03-08 17:58:30| PortlandOnline

The gates on the lower deck of the Steel Bridge have been fixed, and the bridge has been re-opened for pedestrian and bicycle traffic.

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