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Lockheed Martin (LMT)
The second Lockheed Martin F-35B Lightning II short takeoff/vertical landing (STOVL) stealth fighter arrived today at Naval Air Station Patuxent River, Md.
U.S. Marine Corps Maj. Joseph T. "O.D." Bachmann piloted the aircraft nonstop from Lockheed Martin's Fort Worth, Texas, plant to Patuxent River, successfully completing aerial refueling en route. "Pax River is ready to begin the extensive four-year flight test campaign to help field the future of Marine Corps and Navy Aviation," said Dan Crowley, Lockheed Martin EVP and F-35 program general manager. "Over the next year, an integrated government/industry test team will ramp up the flight test at Pax River for the F-35B STOVL variant and F-35C carrier variant, and at Edwards Air Force Base, Calif., for the F-35A conventional takeoff and landing variant."
Jan 1 · 2:47:00 PM · Source: PR Newswire
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by Michael Oliveto
Honeywell (HON)
Honeywell Aerospace officials said that the 265-person layoff reported to the state of Arizona stems from work being shifted from Phoenix to locations in Mexico and Czech Republic.
Honeywell spokesman Bill Reavis the action is part of a 700-postion shift of aerospace positions from Phoenix to Chihuahua, Mexico, and Olomouc, Czech Republic.
Jan 1 · 2:43:00 PM · Source: MSN Money
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by Michael Oliveto
Honeywell (HON)
Pioneer Corp. has reached a patent agreement with Honeywell granting it the right to use Pioneer's technology for automotive and portable GPS navigation devices. The agreement also grants to Pioneer the right to use Honeywell's patented technology for navigation devices.
Pioneer had filed a complaint with the International Trade Commission against Honeywell and Garmin International Inc. for infringing Pioneer's GPS navigation patents, including U.S. Patent Nos. 5,424,951 and 6,122,592. Honeywell will be released from the matter while the investigation against Garmin will continue. In a separate investigation at the ITC begun by Honeywell against Pioneer and others more than one year ago, Pioneer received a favorable ruling from the Administrative Law Judge. It was found that Pioneer products do not infringe any valid claim of the asserted Honeywell patents. The matter will now be terminated following ITC approval.
Jan 1 · 2:41:00 PM · Source: EE Times Asia
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by Michael Oliveto
Halliburton (HAL)
Realm Energy International Corporation and Halliburton announced they will aggressively continue the evaluation of high potential shale deposits throughout Europe and select emerging countries.
In early 2009, Realm Energy began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production.
Jan 1 · 2:33:00 PM · Source: Marketwire
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by Michael Oliveto
Goldman Sachs (GS)
Goldman Sachs won the biggest share of the $923 million in fees from U.S. initial public offerings in 2009, while Citigroup Inc. fell out of the top five after its revenue plummeted more than 50%.
Goldman Sachs made $191.6 million helping take 16 companies from Hyatt Hotels Corp. to Cobalt International Energy Inc. public in 2009, an increase of more than 60 percent from 2008, preliminary data compiled by Bloomberg show. Citigroup’s share of fees dropped to $68.3 million, making the New York-based lender the only underwriter that participated in at least $1 billion worth of sales to suffer a decline in revenue.
Jan 1 · 2:28:00 PM · Source: Bloomberg
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by Michael Oliveto
Goldman Sachs (GS)
A unit of Goldman Sachs bought about $57 million in claims on bankrupt Lehman Brothers Holdings Inc. from Japan’s Shinkin Central Bank, according to court filings.
The claims consist of Yen-denominated bonds issued by Lehman with fixed and floating rates, which have matured or come due next year, according to the filings yesterday in U.S Bankruptcy Court in New York.
Jan 1 · 2:25:00 PM · Source: Bloomberg
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by Michael Oliveto
Goldman Sachs (GS)
Goldman Sachs has filed for regulatory approval with the U.S. Securities and Exchange Commission to launch market-tracking indexes for several emerging markets.
The first ETF from Goldman Sachs will focus on the top 85 percent of companies as measured by market value in China, India, Brazil and Korea, according to the filing. The index itself will be created by an unnamed company not connected to Goldman Sachs.
Jan 1 · 2:24:00 PM · Source: American Banking News
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by Michael Oliveto
Goldman Sachs (GS)
Shenzhen Nanshan Power Co., a utility based in the southern Chinese city, said it refused demands by a Goldman Sachs Group Inc. unit to pay $80 million for alleged default on oil-hedging contracts.
Shenzhen Nanshan and Goldman Sachs disagreed on the cause for terminating the contracts in December 2008 and it remains to be determined which party should incur the trading losses, the Chinese firm said in a stock exchange statement today. Shenzhen Nanshan said that while negotiations with Goldman Sachs' Singapore unit are continuing, it won't rule out the possibility of legal action.
Jan 1 · 2:22:00 PM · Source: Business Week
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by Michael Oliveto
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