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Exclusive: Lockheed, Pentagon Reach $4 Billion Deal For More F-35 Jets By Clip Syndicate Sources familiar with the deal said on Thursday Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets. The contract will lower the cost of the radar-evading warplane by about 3 percent and includes jets to be built for the U.S. military, Britain and other U.S. allies, according to the sources, who were not authorized to speak publicly.

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Microsoft Profit Dips On Charges, While Sales Jump By Clip Syndicate Microsoft said on Thursday fiscal first-quarter profit fell 13 percent as it took a $1.1 billion charge related to mass layoffs announced in July. The world's largest software company reported profit of $4.5 billion, or 54 cents per share, compared with $5.2 billion, or 62 cents per share, in the year-ago quarter. Revenue rose 25 percent to $23.2 billion, helped by the phone business it bought from Nokia in April, easily beating analysts' average estimate of $22 billion.

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Options Investors See Good Times Rolling For Facebook By Clip Syndicate Facebook investors used to wild swings in the company's shares following its earnings reports are looking for relative calm on Tuesday, after the social media company posts results. Facebook, whose shares rose 3 percent to a new year-high of $80.63 on Thursday, is scheduled to report third-quarter results on Oct. 31. The stock jumped as much as 14 percent in January, and nearly 30 percent in July last year when the company posted strong mobile advertising revenue.

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About The Weekly Market Wrap By Clip Syndicate At the end of each trading week, we here at Market News Video look back over the broad market action, focusing in on the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite indices. We also check in on movements in crude oil and gold. ...Read More »
Thursday Sector Laggards: Precious Metals, Textiles By Clip Syndicate In trading on Thursday, precious metals shares were relative laggards, down on the day by about 1.4%. Helping drag down the group were shares of Tanzanian Royalty Exploration Company (TRX), down about 6.7% and shares of Fortuna Silver Mines (FSM) down about 6.5% on the day. ...Read More »
Dow Movers: T, MMM By Clip Syndicate In early trading on Thursday, shares of 3M (MMM) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.9%. Year to date, 3M registers a 3.9% gain. ...Read More »
Dow Movers: T, MMM By Clip Syndicate In early trading on Thursday, shares of 3M (MMM) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 4.9%. Year to date, 3M registers a 3.9% gain. ...Read More »
American Airlines Third-quarter Profit Soars On Lower Fuel Costs By Clip Syndicate American Airlines Group, the world's largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts' estimates, buoyed by declining fuel costs. Shares rose 1.4 percent to $37.46 in early trading as the broader market was sharply up. The airline earned $1.66 per share, excluding special items, beating analysts' estimates of $1.63, according to Thomson Reuters I/B/E/S. Quarterly profit totaled $942 million in the third quarter. Combined American and US Airways net income was $505 million a year earlier. American Air and US Airways completed a merger in December 2013.

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Citigroup To Return To U.S. Court Dec. 2 Over Argentine Bond Payments By Clip Syndicate A U.S. judge has scheduled a Dec. 2 hearing to weigh arguments over whether Citigroup Inc should be allowed to process an expected interest payment by Argentina on bonds issued under its local laws following its 2002 default. District Judge Thomas Griesa in Manhattan, set out in an order issued late Wednesday, would come less than a month before a Dec. 31 interest payment by Argentina on the bonds is due. ...Read More »
Citigroup To Return To U.S. Court Dec. 2 Over Argentine Bond Payments By Clip Syndicate A U.S. judge has scheduled a Dec. 2 hearing to weigh arguments over whether Citigroup Inc should be allowed to process an expected interest payment by Argentina on bonds issued under its local laws following its 2002 default. District Judge Thomas Griesa in Manhattan, set out in an order issued late Wednesday, would come less than a month before a Dec. 31 interest payment by Argentina on the bonds is due. ...Read More »

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