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Pentagon, Lockheed see price of F-35 going up

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Delays in U.S. and international orders for Lockheed Martin Corp's new F-35 fighter jet will increase its total cost, Lockheed and U.S. officials said on Tuesday, as Italy announced a cut in spending on the warplane.
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Amanda Knox

Murder of Meredith Kercher: Amanda Knox Ruling May Be Overturned

The decision that freed Amanda Knox may be overturned. On Tuesday, Italian prosecutors appealed to the country's highest criminal court against overturned convictions of murder against American Amanda Knox and her former boyfriend Raffaele Sollecito. The two allegedly brutally murdered a British student, Meredith Kercher.
The Euro sculpture in front of the ECB headquarters

European Economic Data Takes Glum Turn as Factory Output Falls

The 17 member nations of the euro common currency union, dragged down by the flagging economies of Greece, Portugal, Spain and Ireland, saw factory activity decrease more than expected in December, the statistical office of the European Union announced Tuesday.
A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo

Yen Down against Dollar after Bank of Japan Easing

The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.
The Euro sculpture in front of the ECB headquarters

Euro Rising on German Economic Data

The euro rose to a session high and shares reversed early losses after key German data bolstered hopes that Europe's largest economy was recovering and a strong Italian bond sale added to signs that financing pressures were being contained.
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Moody's warns UK, France, Austria over AAA rating

Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.
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Euro, global shares slip on European debt worries

Global shares and the euro eased and safe-haven German government bonds rose on Tuesday as demand for riskier assets stalled after ratings agency Moody's downgraded six European nations, taking the shine off the Bank of Japan's policy easing.

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