Lockheed Martin Axing 1,500 Jobs Amid Looming Defense Spending Cuts
Lockheed Martin Corp. (NYSE: LMT) said it will cut about 1,500 jobs at the Aeronautics unit in a move to curb costs and offer better priced products to customers. Added to the costs, President Barack Obama's goal of reducing defense spending by $400 million is also a burden on Lockheed Martin.
Pre-Market NASDAQ Movers (IDCC, TIVO, APOL, DNDN, LOGI, CETV, AMAT, RVBD, JASO, VOD, GOLD)
The top pre-market NASDAQ Stock Market gainers are: InterDigital, Apollo Group, TiVo, Dendreon, and Logitech International. The top pre-market NASDAQ Stock Market losers are: Central European Media Enterprises, Applied Materials, JA Solar Holdings, Riverbed Technology, Vodafone Group, and Randgold Resources.
Will Facebook launch 'Facebook+' Similar to Google Next Week?
Google Inc. launched its most aggressive social network effort Google+, which looks remarkably similar to Facebook in terms of aesthetics and could pose as a threat to Facebook's dominance. Will Facebook counter this with 'Facebook+' next week?
Additional Perspectives on Alcatel-Lucent' Edge Routing Business
Alcatel-Lucent (NYSE: ALU) announced its new Flexible Path 3 (FP3) silicon for the all-important 7750 Edge Router on Wednesday. The chip is a programmable, 400 Gbps processor to be used in the company’s successful 7750 Edge Router platform.
NASA to Monitor Ground-Level Air Quality from Space; Glimpse Research Aircraft Photos
NASA has planned about 14 DISCOVER-AQ flights through July for a mission to enhance the capability of satellites to measure ground-level air quality from space.
Post-Market NASDAQ Movers (BBBB, DNDN, AREX, SWHC, FSII, AMCXV, PLAB, XRTX, GSM, IRET)
The top after-market NASDAQ Stock Market gainers are: Blackboard, Dendreon, Approach Resources, Smith & Wesson Holding, and FSI International. The top after-market NASDAQ Stock Market losers are: AMC Networks, Photronics, Xyratex, Globe Specialty Metals, and Investors Real Estate Trust.
Apple's New MacBook Air with OS X Lion Coming in Weeks
Barclays Capital said its checks indicate it should see Apple Inc.'s new MacBook Airs over the coming weeks -- likely with the launch of OS X Lion which is due to ship in July.
Pre-Market NASDAQ Movers (SEED, HNSN, FSLR, EBAY, SPIL, AEZS, CIGX, VOD, LULU, AMZN)
The top pre-market NASDAQ Stock Market gainers are: Origin Agritech, Hansen Medical, First Solar, eBay, and Siliconware Precision Industries. The top pre-market NASDAQ Stock Market losers are: Aeterna Zentaris, Star Scientific, Vodafone Group, Lululemon Athletica, and Amazon.com.
eBay's PayPal Seems Largely Unaffected by Fed's New Durbin Rules
The Federal Reserve's decision on debit interchange fees seems to exclude eBay Inc.'s (NASDAQ: EBAY) PayPal from being treated as a "payment card network", Jefferies said in a note to clients.
Key Takeaways from Spreadtrum Call over Muddy Waters Questions
Spreadtrum Communications, Inc (NASDAQ: SPRD) held a conference call to address questions raised in Muddy Waters’ open letter. Jefferies said Spreadtrum's management provided great detail on its history, management & auditor changes, product mix, income taxes, the MobilePeak acquisition and accounting practices.
Post-Market NASDAQ Movers (POZN, BCDS, HNSN, GLBS, SGMS, AEZS, CREG, APOL, AVNR, CIGX)
The top after-market NASDAQ Stock Market gainers are: POZEN, BCD Semiconductor Manufacturing, Hansen Medical, Globus Maritime, and Scientific Games. The top after-market NASDAQ Stock Market losers are: Aeterna Zentaris, China Recycling Energy, Apollo Group, Avanir Pharmaceuticals, and Star Scientific.
Is $0 iPhone possible?
Apple Inc. is expected to cut iPhone 3GS price to $0 (on contract, $399 unsubsidized) in conjunction with iPhone 5 launch, which is expected in September.
Pre-Market NASDAQ Movers (SGOC, SPRD, TSPT, LOGI, GLNG, PRGS, ARMH, CIGX, GLUU, MSFT)
The top pre-market NASDAQ Stock Market gainers are: SGOCO Group, Spreadtrum Communications, Transcept Pharmaceuticals, Logitech International, and Golar LNG. The top pre-market NASDAQ Stock Market losers are: Progress Software, ARM Holdings, Star Scientific, Glu Mobile, and Microsoft.
Katharine McPhee Promotes 'Smash' in 'The Voice'
American singer Katharine Hope McPhee, who finished as runner-up in American Idol Season 5, made an appearance at NBC's The Voice to promote her upcoming new musical drama Smash.
Will Apple iPhone 5 Lose to HTC myTouch 4G Slide?
The smartphone competition for Apple iPhone 5 is getting thicker by the day as T-Mobile announced the launch of its latest 4G phone, the myTouch 4G Slide, which is an HTC product.
NASA Final Space Shuttle Atlantis Launch Countdown: 9 Days Left
NASA space shuttle Atlantis has been officially cleared for July 8 launch to the International Space Station at 11:26 am EDT, which will be the final flight in the 30-year-old shuttle program.
Post-Market NASDAQ Movers (SPIL, TPGI, TST, ACPW, FFNW, EXFO, PRGS, ICGN, EXPD, NVLS)
The top after-market NASDAQ Stock Market gainers are: Siliconware Precision Industries, Thomas Properties Group, TheStreet, Active Power, and First Financial Northwest. The top after-market NASDAQ Stock Market losers are: EXFO, Progress Software, ICAgen, Expeditors International of Washington, and Novellus Systems.
Pre-Market NASDAQ Movers (WPRT, ICGN, SIGA, SPRD, OVTI, SWSH, JASO, LOGI, ASML, AIXG)
The top pre-market NASDAQ Stock Market gainers are: Westport Innovations, ICAgen, SIGA Technologies, Spreadtrum Communications, and OmniVision Technologies. The top pre-market NASDAQ Stock Market losers are: Swisher Hygiene, JA Solar Holdings, Logitech International, ASML Holding, and Aixtron.
Will Ex-Illinois Governor Rod Blagojevich Face 10 or 300 Years in Prison?
Former Illinois Governor Rod Blagojevich is expected to face minimum 10 years in prison after being convicted of fraud, attempted extortion and bribery.
How To Sleep Well During Space Travel
Sleep is essential to human well-being whether on Earth or in the orbit. It is difficult to sleep in a strange place, especially when you are far from home.
Will NASA Launch Final Space Shuttle Atlantis on July 8?
NASA space shuttle Atlantis is getting ready for its targeted launch to the International Space Station from Kennedy Space Center in Florida at 11:26 am EDT on July 8. Today NASA managers will meet at Kennedy Space Center to conduct the final Flight Readiness Review that is expected to confirm the currently targeted launch date.
Post-Market NASDAQ Movers (SIGA, MOBI, NWBI, GAME, CYTX, LPHI, ACHN, CREG, HOGS, SCLN)
The top after-market NASDAQ Stock Market gainers are: SIGA Technologies, Sky-mobi, Northwest Bancshares, Shanda Games, and Cytori Therapeutics. The top after-market NASDAQ Stock Market losers are: Life Partners Holdings, Achillion Pharmaceuticals, China Recycling Energy, Zhongpin, and SciClone Pharmaceuticals.
Pre-Market NASDAQ Movers (ICGN, PACB, SGMO, CBRX, SINA, PTIE, LOGI, ZLCS, PTNR, SPRD)
The top pre-market NASDAQ Stock Market gainers are: Icagen, Pacific Biosciences of California, Sangamo Biosciences, Columbia Laboratories, and Sina. The top pre-market NASDAQ Stock Market losers are: Pain Therapeutics, Logitech International, Zalicus, Partner Communications, and Spreadtrum Communications.
Marcellus Shale Creates Opportunities for Western Pennsylvania Banks
FBR Capital Markets remains positive on the Marcellus Shale as a catalyst for banks in Western Pennsylvania, following a recent investor field trip. Meanwhile, the brokerage upgraded its rating on shares of First Commonwealth Financial Corp. (FCF) to "outperform" from "market perform".
Asteroid Set to Miss Earth by 7,500 Miles Today
NASA said Asteroid 2011 MD, a hunk of rock estimated to be anywhere from 16 to 35 feet wide, is going to fly by Earth today at a distance of 7,500 miles above the surface of the planet.
Sony Content Still Missing On Netflix Streaming; Starz-Sony Dispute Continues
Sony Corp. (NYSE: SNE) initially pulled its content down from Netflix Inc. (NASDAQ: NFLX) streaming service on June 17, resulting from a temporary contract issue between Sony and Starz, according to Netflix’ blog.
What's Ailing Apple?
Barclays Capital has addressed the reasons it believes shares of Apple Inc. (NASDAQ: AAPL) have underperformed the sector since February. Apple stock has fallen 3.82 percent between February 1 and June 24.
BET Awards: Patti LaBelle Honored for Lifetime Achievement
Legendary American singer Patricia Louise Holt Edwards, better known under stage name Patti LaBelle, was honored Sunday at the annual 2011 BET Awards with the Lifetime Achievement Award.
NASA Under-Sea Asteroid Research to Begin in October (PHOTOS)
The NASA Extreme Environment Mission Operations project (NEEMO) will send a set of diving crew to live in Aquarius underwater research laboratory located near Key Largo, Florida during October to test the equipment and operational concepts needed for exploration to near-Earth asteroids.
Ryan Dunn Death: Will Westboro Baptist Church Succeed?
A private memorial service for Jackass star Ryan Dunn was held in peace and without disturbance on Wednesday at the DellaVecchia, Reilly, Smith & Boyd Funeral Home in West Chester, Pennsylvania.
