Treasury Secretary says shutdown must never happen again

Jack Lew, Secretary of the Treasury, said a government shutdown must not happen again. US Treasury Secretary Jack Lew said the US must not go through another government shutdown.


Boeing, Lockheed partner for Air Force bomber program bid

Boeing Co and Lockheed Martin Corp said they had formed an alliance to bid for the US Air Force long-range bomber program.

JPMorgan may not yet see end to criminal probe- sources

Sources told Reuters that the end to the probe of JPMorgan's criminal liability about the mortgage bonds it issued in the financial crisis could be far from over.

HP files case against optical disk drive companies for rigging prices

HP sued three optical disk drive makers for fixing the prices it bought from 2004 to 2010. Hewlett-Packard Co has filed a case against three optical disk drive manufacturers.


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Bitstrips, a Facebook mobile application, surged in popularity among social media users. Facebook users have been seeing cartoonish images flooding their News Feed these days.
No further damage was sustained by the Fukushima nuclear power plant from the earthquake that hit Japan's coast on Saturday.
JPMorgan to pay FHFA USD5.1 billion as settlement for loans and mortgage backed securities issues. A settlement agreement was finalized between JPMorgan Chase & Co and the Federal Housing Finance Agency on claims over defective home loans and mortgage backed securities.
The approval for a bridge loan was given to McKesson to facilitate its acquisition of Celesio AG. The largest pharmaceutical distributor in the United States, McKesson Corp, had recently obtained a USD5.
The amount of USD6 million was raised by Flint Mobile from its capital investors. The market leader in easy swipe free payments and mobile business integration, Flint Mobile, announced the receipt of USD6 million worth of new capital funds during the Street Fight Summit in New York.
Anonymous sources revealed the near completion status of the deal between Telefonica SA and PPF Group NV for the largest phone company in the Czech Republic.
Glencore Xstrata and Sumitomo Corp purchase 50.1% shareholdings in Clermont mine amidst increasing Asian demand for coal.
An earthquake with a magnitude of 7.3 hit Japan's east coast early Saturday morning but no immediate land damage was reported.
The consortium running the Cameron LNG Project has lined up loan financing for the capitalization needed for the project.
In twin moves, Swatch was able to identify the cause of its sales declines and increase the demand for its components by cutting back on deliveries.