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Merkel under fire over Mideast arms sales

Merkel under fire over Mideast arms sales

German Chancellor Angela Merkel's government is under fire over lifting of restrictions of arms exports to the Middle East.

U.S. railway plans to test LNG as fuel

BNSF, the nation's largest railway, plans to test running its locomotives on liquefied natural gas.

U.S., German contracts for CAE

Canadian simulation company CAE reports the receipt of training services and upgrade contracts from the U.S. and German militaries.

ATK receives U.S. Navy ammo order

A first-year, $12 million U.S. Navy order for 30mm ammunition was given ATK under an indefinite-delivery/indefinite-quantity contract.

Beechcraft fights defense Embraer contract

Beechcraft Corp. is protesting a light air support aircraft contract given to Embraer of Brazil and the Sierra Nevada Corp. by the U.S. Air Force.

Russia muscles in on East Med gas boom

A deal by Russia's Gazprom to market Israeli liquefied natural gas puts Moscow firmly in the burgeoning eastern Mediterranean energy sector.

ShadowHawk picked for Navy demo program

Vanguard Defense Industries' ShadowHawk UAV has been picked by the U.S. Navy to participate in the Stiletto Maritime Demonstration Program.

KC-130Rs modified, upgraded for Japan

The U.S. Navy said it is providing six retired KC-130R aircraft to Japan's maritime defense forces as part of a Foreign Military Sales deal.

Fiat reaches deal with unions

Management and union officials at Fiat, Italy's auto and truck producer, said they agreed on a contract that affects more than 80,000 workers.

Italy orders 40mm cartridges

Germany's Rheinmetall Defense is producing enhanced performance 40mm cartridges for the Italian armed forces.

Live-fire demo by new scout helicopter

A new single-engine armed scout helicopter has successfully completed live-fire exercise at the U.S. Army Yuma Proving Grounds.

UPI NewsTrack Business

Dow off to another solid start ... Unemployment ticks down to 7.7 percent ... Motorola Mobility begins 1,200 layoffs ... Alitalia takes women's holiday to heart ... News from United Press International.

Wholesale inventories rise, sales slip

U.S. wholesale inventories rose by 1.2 percent in January to a seasonally adjusted $504.4 billion, the U.S. Census Bureau said Friday.

Subaru recalls 47,000 vehicles

Subaru of America is recalling more than 47,000 vehicles that could unexpectedly start on their own, U.S. regulators said.

Canadian unemployment sits at 7 percent

Canada added 51,000 jobs in February, but the unemployment rate did not budge, holding at 7 percent, Statistics Canada said Friday.
Unemployment ticks down to 7.7 percent

Unemployment ticks down to 7.7 percent

The U.S. unemployment rate dropped to 7.7 percent in February on a gain of 236,000 jobs, the Labor Department's Bureau of Labor Statistics reported Friday.

Alitalia takes women's holiday to heart

Italian airline Alitalia said it took International Women's Day to heart by scheduling flights from Rome to Milan and back staffed entirely by women.

Sally Jewell questioned on land use

U.S. Sen. Lisa Murkowski, at a hearing for a new Interior chief, said U.S. land isn't just for recreation but for "paychecks" for energy and mining industries.

Ireland balks on fracking efforts

The Irish government said it's received applications for onshore drilling but wouldn't back any moves on possible hydraulic fracturing without further study.

Court battle looms over Chile power plant

A costly court battle looms over a $1.4 billion Chilean power plant well advanced in construction but now faced with cancellation after an appeals court ruling on local protests.

Volvo: New airbag protects pedestrians

Swedish automaker Volvo displayed an airbag at an auto show in Switzerland that company officials said is meant to protect pedestrians hit by a car.
House moves to bypass Obama on Keystone XL

House moves to bypass Obama on Keystone XL

House leaders announced they drafted legislation that would strip authority from the president to approve the Keystone XL oil pipeline planned from Canada.

North Sea gives up more oil for Lundin

Lundin Petroleum announced it drilled into a large oil column in the Johan Sverdrup oil field in the southern North Sea.

Vitol, Glencore secure Rosneft oil

Energy trader Vitol confirmed that it and fellow trader Glencore secured long-term crude oil supply contracts with Russian oil company Rosneft.

Study: Female CEOs rare in South Korea

A study released Friday said South Korea's 1,787 publicly listed companies have been extremely slow to hire women to lead them.
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