Business

Lockheed, NASA Approach Closer to Orion Spacecraft Assembly Phase; Michael

The results of the overall CDR will also be delivered to NASA's Agency Program Management Council in the spring of 2016, the final step before the review is officially complete. Lockheed Martin stock closed up 0.74 percent Monday at $220.94. Elements of the Orion spacecraft specific to that crewed mission, such as crew displays and life support systems, will have their own CDR in the fall of 2017.

Business

West Midlands Steel Company Caparo Goes Into Administration

Dugdale said: "The steel industry is iconic in this part of the world". "Will we raise it with the Chinese?" He added that Cameron had "abrogated the responsibility as UK Prime Minister to stand up for United Kingdom industry". PwC said 1,700 employees across the affected businesses would be briefed on the impact of the administration and would be paid as normal. This lunchtime he told the Scunthorpe Telegraph that shortly after the news was confirmed this morning, he went to meet the ...

Business

Great Britain gymnasts win team bronze in Glasgow

GB women's previous World Championships team best was fifth in Tokyo in 2011. Only the most unexpected of meltdowns on the floor exercise would have denied them gold but with twice world all-around champion Biles leading the way with her sassy moves and electrifying tumbles, that was never likely to happen.

Business

Siluanov: 2016 is previous year when we able to spend our reserves

Siluanov added the budget shortfall for 2015 is expected to be 2.6 trillion rubles. Many, if not all, sovereign-wealth funds are created to be a reserve of last resort and oil-producing countries operate such vehicles with the understanding that the funds will be reallocated as needed.

Business

MasterCard to drive payments for the Internet of Things

The security behind the payment-enabled devices comes from the MasterCard Digital Enablement Service (MDES) and the Digital Enablement Express (Express) program. According to Cisco, there will be 50 billion connected devices by 2020. Of course, as with Apple Pay and other NFC-based payment systems, the main obstacle to making mobile payments available to everyone is the lack of retailer support.

Business

WTI, Brent crude oil futures fall in global market

Oil edged higher on Monday as investors prepared for a week of important economic indicators, but prices remained range-bound on indications that the global storage was nearing capacity. Of course, that has backfired a bit as oil has fallen since then, and the company was forced to report a loss of $131.6 million in the first half of the year.