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Former Bear Sterns Chair Alan 'Ace' Greenberg dies

Former Bear Stearns executive Alan Greenberg, credited with creating the global financial investment bank and leading it through the recession, died Friday.
Ananth Baliga
Google purchases Twitch for $1 billion

Google purchases Twitch for $1 billion

Google reportedly went ahead with its $1 billion purchase of Twitch, validating growth seen in sites that allow users to stream video of their gameplay online.
Ananth Baliga

General Dynamics Fidelis enhancing its XPS cyber-protection service

General Dynamics Fidelis says it is enhancing threat protection for its XPS system customers by its joining the Microsoft Active Protections Program.
Richard Tomkins
FMS proposed to Bolster Tunisian security capabilities

FMS proposed to Bolster Tunisian security capabilities

The U.S. may supply Tunisia with UH-60 Black Hawk helicopters and weaponry to help bolster the country's security capabilities, as part of a $700 million deal.
Richard Tomkins
KAI selected to develop new South Korean helicopters

KAI selected to develop new South Korean helicopters

Korea Aerospace Industries is developing new military and civil helicopters for the South Korean government.
Richard Tomkins
Philippines seeks transport aircraft

Philippines seeks transport aircraft

The U.S. Defense Security Cooperation Agency has notified Congress the Philippines is seeking to acquire C-130T aircraft from the U.S. in a $61 million deal.
Richard Tomkins
Amazon Q2 losses widen, send share price tumbling

Amazon Q2 losses widen, send share price tumbling

Amazon reported Friday a second-quarter loss that was double analysts' expectations, as the company uses capital to fund big expansions plans.
Ananth Baliga
Unmanned cargo-carrying helo returns to U.S. from Afghanistan

Unmanned cargo-carrying helo returns to U.S. from Afghanistan

K-MAX, the unmanned cargo aircraft of Lockheed Martin and Kaman Aerospace, has returned to the United States following extended deployment to Afghanistan.
Richard Tomkins
Canada sanctions Russian energy sector

Canada sanctions Russian energy sector

Canadian Prime Minister Stephen Harper announced new sanctions targeting the Russian energy sector in response to the Kremlin's pressure on Ukraine.
Daniel J. Graeber
Iraqi oil exports dip for June

Iraqi oil exports dip for June

Iraqi oil exports were down in June in part because of terrorist activities targeting a northern pipeline, the Ministry of Oil announced.
Daniel J. Graeber

DARPA tackling Achilles' heels of GPS technology

The U.S. Defense Advanced Research Projects Agency is exploring new technologies for use when GPS may not be available.
Richard Tomkins
McDonald's stops sale of chicken products in Hong Kong, Japan

McDonald's stops sale of chicken products in Hong Kong, Japan

Hong Kong's food regulator has suspended the sale of McDonald's chicken nuggets and burgers, over allegations its Chinese food supplier sold expired meat.
Ananth Baliga
Trans-Adriatic Pipeline gaining momentum

Trans-Adriatic Pipeline gaining momentum

The group planning a 540-mile natural gas pipeline through southern Europe said Friday it issues its next contract notice for the project's construction.
Daniel J. Graeber
House debates state energy polices

House debates state energy polices

The chairman of a House committee on energy said the federal government is out of step with policies embraced by states leading the nation's oil boom.
Daniel J. Graeber
Statoil to cut more than 1,000 jobs

Statoil to cut more than 1,000 jobs

Norwegian energy company Statoil, one of the largest in the world, said Friday it was cutting as many as 1,400 positions in an effort to trim costs.
Daniel J. Graeber
Pipelines lead over rail, DOT says

Pipelines lead over rail, DOT says

Most of the commodities moving across the U.S. border with Canada did so through pipelines, the U.S. Department of Transportation said.
Daniel J. Graeber
Ukrainian gas situation 'normal'

Ukrainian gas situation 'normal'

Slovakian gas transit company Eustream said Friday the state of operations through Ukraine were in line with its expectations.
Daniel J. Graeber
Venezuela could tap Chinese market by selling Citgo

Venezuela could tap Chinese market by selling Citgo

Selling off U.S. refiner Citgo would free up export volumes for Venezuela to start directing oil to the Chinese market, Energy Ministry officials said.
Daniel J. Graeber
Portuguese group plans major wind presence

Portuguese group plans major wind presence

A consortium of Portuguese energy companies announced plans to invest close to $300 million on wind energy development in the country.
Daniel J. Graeber
ONEOK investing big to boost gas output

ONEOK investing big to boost gas output

Oklahoma-based energy company ONEOK Partners said its multimillion investment in the state will boost gas processing capacity to 900 million cubic feet per day.
Daniel J. Graeber
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