That would make it the third time this year the airplane maker and defense giant has done this. And it has good reason, too—third-quarter profits came in 18% higher, year over year, to $1.36 billion. Sales in the company’s division that handles defense contracts were down 2%, however, due to reduced government spending.
2 hours ago
Drug makers join forces to develop an Ebola vaccine.
Johnson & Johnson and GlaxoSmithKline—fierce rivals in the pharmaceuticals space—will set aside their differences in an effort get an Ebola vaccine out in the field in early 2015. Human trials could begin as early as January. J&J says it can have 250,000 does by May, with an eventual goal of a million.
5 hours ago
11 EU banks will reportedly flunk their stress tests.
That’s according to Spanish news agency EFE, ahead of the European Central Bank publishing the hotly-anticipated results this weekend. The ECB promptly issued a statement that dismissed the speculation—”no final results have been sent to banks involved,” it said.
5 hours ago
Heineken’s wet European summer.
Third-quarter revenue for the world’s third largest brewer rose only 0.2% to €5.1 billion ($6.5 billion) from last year, due in part to a rain-soaked summer that saw Europeans drink less beer.
October 21, 2014
Chart of the Moment
Good luck trying to guess the cheapest time to buy your tickets.
5 hours ago
Total selects a new CEO.
The French oil major held an emergency board meeting to choose a successor to Christophe de Margerie, who was killed in a Moscow plane crash. In fact, it selected two successors—board member Thierry Desmarest will become chairman and Patrick Pouyanné, head of the group’s refining and chemicals unit, will become CEO. De Margerie had held both posts.
October 22, 2014
The Washington Post’s legendary editor, Ben Bradlee, dies at 93.
Bradlee ran the Post newsroom for 26 years beginning in 1965. He oversaw the uncovering of the Watergate scandal that brought down Richard Nixon and the publication of the Pentagon Papers, which exposed the US governent’s secret history of the Vietnam war.
51 mins ago
Sunken Nazi U-boat found surprisingly close to US shores.
A German U-576 vessel has been lying next to a US freighter just 30 miles (48 kilometers) off North Carolina’s beaches for the past 70 years. Its 45 crew members died after the submarine attacked a convoy of merchant ships, and was sunk in the ensuing battle. Germany asked for respectful treatment, to “allow the dead to rest in peace.”