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Obama's budget proposal draws mixed review from energy circles

Obama's budget proposal draws mixed review from energy circles

While President Obama's 2015 budget request includes $169 million in new funding for offshore energy, the oil industry said there was nothing new in the deal.
E.U. to offer $15B aid package to Ukraine

E.U. to offer $15B aid package to Ukraine

The European Union has offered Ukraine a $15 billion aid package to stabilize its economy and currency, which have been teetering since the crisis began.
Ananth Baliga

Ukraine to face consequences for unpaid gas debt

Russian Prime Minister Dmitry Medvedev warned Ukraine there would be "adverse consequences" should it not settle its outstanding gas debt.

Iran threatens to suspend CNPC contract

Iranian Deputy Oil Minister Emad Hosseini said Wednesday a Chinese contractor might be taken off an oil project because of ineffective development.
Roku launches new video streaming dongle

Roku launches new video streaming dongle

Roku launched the $49 Roku Streaming Stick Tuesday, that is no larger than a USB drive and can stream video to a user's television.
Ananth Baliga
Russian markets and ruble stabilize after Putin's reassurances

Russian markets and ruble stabilize after Putin's reassurances

Markets and investors seemed to breathe a sigh of relief after Russian President Vladimir Putin said he was not planning on sending troops to Ukraine.
Ananth Baliga
Sikorsky, Turkey sign agreements on S-70i production

Sikorsky, Turkey sign agreements on S-70i production

Sikorsky Aircraft Corp. has signed a series of agreements with Turkish entities for the assembly of S-70i helicopters.
Twitter glitch resets thousands of user passwords

Twitter glitch resets thousands of user passwords

Twitter sent thousands of users emails asking them to reset their passwords owing to a security breach, but has since said that the email was sent by mistake.
Ananth Baliga

Navy taps Northrop Grumman contract for improved training systems

U.S. Navy has awarded Northrop Grumman a contract to continue development and improvement of combat systems trainers.
Alenia Aermacchi completes first Tranche 3 Eurofighter

Alenia Aermacchi completes first Tranche 3 Eurofighter

Alenia Aermacchi's first Tranche 3 Eurofighter Typhoon for the Italian Air Force has been rolled out of a company plant, the company reports.
Bitcoin bank Flexcoin shuts down after being robbed

Bitcoin bank Flexcoin shuts down after being robbed

Flexcoin, a relatively small bitcoin bank, said Tuesday that hackers had robbed all the bitcoins in their possession and were shutting down immediately.
Ananth Baliga
Reports: Facebook in talks to acquire drone company for $60 million

Reports: Facebook in talks to acquire drone company for $60 million

Facebook is looking at acquiring drone company Titan Aerospace, which builds drones that can fly for five years at a stretch without having to land.
Ananth Baliga

RUAG making payload mountings for Gripen fighters

Swiss technology group RUAG has been selected by Saab of Sweden to develop and produce payload mountings for the Gripen E military jet.

Rheinmetall air defense system ordered by North African country

An unidentified country in the North African region has placed a follow-on order with Rheinmetall Defense or Skyguard air defense fire units.

Navy orders Raytheon mine-hunting sonar

Mine-hunting sonar systems and related equipment are to be provided to the U.S. Navy by Raytheon under a $35.5 million contract.
Singapore tops list of most expensive cities for 2014

Singapore tops list of most expensive cities for 2014

The city-state of Singapore has been listed as the world's most expensive city by the Economist Intelligence Unit’s Cost of Living Survey released Tuesday.
Ananth Baliga

BAE Systems pursues Australian Defense contract

BAE Systems in Australia is touting its test range management technology and experience in its bid for remediation of the country's Woomera Test Range.
RadioShack to close up to 1100 underperforming stores, sales down 19%

RadioShack to close up to 1100 underperforming stores, sales down 19%

RadioShack announced that it will shutter close to 1100 stores, due to dropping profits and lackluster sales that dropped 19 percent in the last quarter.
Ananth Baliga

Astronics Corporation completes takeover of EADS Test and Services

Technology company Astronics Corporation has announced that its acquisition of EADS North America's Test and Services has been completed.
Lockheed Martin, IAM have new four-year work agreement

Lockheed Martin, IAM have new four-year work agreement

Thousands of employees at Lockheed Martin facilities have ratified a new four-year contract with the company, Lockheed Martin announced.

Cubic completes acquisition of Intific Inc.

Cubic Corporation reports it has completed its acquisition of Intific Inc., enhancing its virtual simulation and advanced research capabilities.
PlayStation 4 sales pass 6 million units

PlayStation 4 sales pass 6 million units

Less than four months after its launch, Sony has sold 6 million PlayStation 4 gaming consoles, including 370,000 units sold in Japan in the last two weeks.
Ananth Baliga

Lundin starts appraisal well in Johan Sverdrup

It's expected to take about 45 days to finish drilling an appraisal well into the Johan Sverdrup oil field in the North Sea, Lundin Petroleum said Tuesday.

Foster Wheeler to design Kuwaiti LNG import terminal

Engineering company Foster Wheeler said Tuesday it landed a contract to build a liquefied natural gas terminal from Kuwait National Petroleum Co.

Kazakh official hedges bets on Kashagan restart

It's too early to discuss when operations will resume at the giant Caspian Sea oil field Kashagan, the head of Kazakhstan's state energy company said Tuesday.
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