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The cost of Lockheed Martin Corp's stealthy F-35 jet could fall 16 percent to around $80 million in future purchases, according to the Department of Defense's head of the program. Lieutenant General Chris Bogdan, who runs the F-35 program for the Pentagon, gave his new estimate for the future cost of the jet while speaking to the U.S House of Representatives at a Capitol Hill hearing on Thursday. President Donald Trump and other U.S. officials have criticized the Pentagon's most expensive program for delays and cost overruns, but the price per jet has steadily declined in recent years as production ramps up.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 6:27 am(NZT)
Snap Inc, owner of the popular messaging app Snapchat, on Thursday set a lower-than-expected valuation for itself amid mounting investor concerns over the company's still unproven business model, slowing metrics and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 6:05 am(NZT)
By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - General Motors has played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group , according to officials in both countries. News of the talks between the two automakers earlier this week sparked particular concern in Germany and Britain, where Opel and Vauxhall employ thousands of workers.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 6:02 am(NZT)
The six-day streak was sparked a week back by President Donald Trump's vow of a 'phenomenal' tax announcement, and fueled by optimism that his plans for corporate deregulation will expand the economy.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 5:28 am(NZT)
U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. Factory activity in the mid-Atlantic region vaulted to a 33-year high in February and the number of new applications for unemployment benefits was less than expected last week. "There is not much to complain about the economy as housing and manufacturing are improving and the labor market remains tight.
Source: Business News Headlines - Yahoo! News | 17 Feb 2017 | 5:26 am(NZT)
Source: World business news - CNNMoney.com | 14 Feb 2017 | 8:42 am(NZT)
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