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Pentagon shaves $6.5 billion by selling obsolete equipment, overhauling bureaucracy

The department’s newly confirmed chief management officer, Lisa Hershman, says she views her office as “a start-up within the largest, most entrenched bureaucracy in the world.”.....»»

Category: topSource: washpostFeb 14th, 2020

Pentagon shaves $6.5 billion by selling obsolete equipment, trimming back-office

The department’s newly-confirmed chief management officer, Lisa Hershman, says she views her office as “a start-up within the largest, most entrenched bureaucracy in the world.”.....»»

Category: topSource: washpostFeb 14th, 2020

Sony in $760 million Olympus stake sale after investor Loeb"s prodding

Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for......»»

Category: topSource: reutersAug 29th, 2019

US State Department approves possible $2.2 billion arms sale to Taiwan in a move that will likely anger China

Getty Images The US State Department has approved the possible sale to Taiwan of M1A2T Abrams tanks, Stinger missiles and related equipment at an estimated value of $2.2 billion, the Pentagon sa.....»»

Category: topSource: businessinsiderJul 9th, 2019

Pentagon tells U.S. military bases to stop selling ZTE, Huawei phones

The decision is the latest move by the Trump administration to limit the influence of Chinese wireless equipment manufacturers......»»

Category: topSource: washpostMay 2nd, 2018

Pentagon tells U.S. military bases to stop selling ZTE, Huawei phones

The decision is the latest move by the Trump administration to limit the influence of Chinese wireless equipment manufacturers......»»

Category: topSource: washpostMay 2nd, 2018

China"s ZTE posts 1.1 billion first-half loss on impact from U.S. supplier ban

ZTE Corp reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on U.S. firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months......»»

Category: topSource: reutersAug 30th, 2018

GE Capital sells $1.5B medical equipment financing portfolio

GE's financial services division is continuing to slim down, selling a $1.5 billion portfolio of health care equipment leases and loans to TIAA Bank. GE Capital announced the sale of the portfolio, part of its Healthcare Equipment Finance business.....»»

Category: topSource: bizjournalsNov 16th, 2018

Boeing wins $2.46 billion U.S. defense contract: Pentagon

The Boeing Cowon a $2.46 billion U.S. defense contract for the production and delivery of 19 P-8A Poseidon long-range anti-submarine warfare and surveillance aircraft and other equipment, the Pentagon said in a statement on Friday......»»

Category: topSource: reutersJan 25th, 2019

U.S. State Department approves possible $2.1 billion sale of Aegis system to Japan

The U.S. State Department has approved a possible sale to Japan of two Lockheed Martin-made AEGIS Weapon Systems and related missile defense equipment for an estimated cost of up to $2.15 billion, the Pentagon said on Tuesday......»»

Category: topSource: reutersJan 29th, 2019

Can an $8 Billion Buyout Breathe Some Life Into Coty Stock?

Cosmetics and beauty products maker Coty is reportedly interested in selling its professional beauty brands. The sale could fetch as much as $8 billion according to some......»»

Category: blogSource: 247wallstFeb 19th, 2020

Apple coronavirus warning shaves $34 billion off market value

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here......»»

Category: topSource: moneycentralFeb 18th, 2020

Apple coronavirus warning shaves $34 billion off market value

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here......»»

Category: topSource: moneycentralFeb 18th, 2020

Apple virus warning shaves $34 billion off market value

A string of US companies have been cautioning investors that first-quarter sales could take a hit from the spread of coronavirus. Apple just made it all more real......»»

Category: topSource: moneycentralFeb 18th, 2020

Apple virus warning shaves $34 billion off market value

A string of US companies have been cautioning investors that first-quarter sales could take a hit from the spread of coronavirus. Apple just made it all more real......»»

Category: topSource: moneycentralFeb 18th, 2020

Legg Mason selling to California company for $4.5 billion

Legg Mason selling to California company for $4.5 billion.....»»

Category: topSource: bizjournalsFeb 18th, 2020

The Wall Street Journal: Military newspaper Stars and Stripes set to lose half its funding as Pentagon shifts budget priorities

The Pentagon has identified more than $5 billion in programs from which it wants to shift money to fund higher-priority initiatives, according to a draft budget document reviewed by the Wall Street Journal......»»

Category: topSource: marketwatchFeb 14th, 2020

Tesla Exploits Inflated Stock Price to Raise $2 Billion

Two weeks after Elon Musk denied the possibility, Tesla is selling stock againRelated Stocks: TSLA,.....»»

Category: blogSource: gurufocusFeb 14th, 2020

Microsoft"s Work For Pentagon Suspended As Judge Approves Amazon Appeal

A federal judge on Thursday approved Amazon.com Inc.'s (NASDAQ: AMZN) appeal and issued a temporary injunction against Microsoft Corporation's work on a $10 billion Pentagon cloud computing contract, CNBC read more.....»»

Category: blogSource: benzingaFeb 13th, 2020

Judge grants Amazon bid to pause Microsoft"s Pentagon contract work

A U.S. judge on Thursday granted Amazon.com Inc's request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal......»»

Category: topSource: reutersFeb 13th, 2020

Judge temporarily blocks multibillion-dollar JEDI contract win for Microsoft following Amazon lawsuit

Amazon.com Inc. has won a temporary restraining order from a federal court Thursday to block Microsoft Corp.’s award of a $10 billion Pentagon cloud-computing contract......»»

Category: topSource: marketwatchFeb 13th, 2020