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Trump tweet hits Lockheed Martin's F-35 fighter jet costs
WASHINGTON Donald Trump on Monday criticized Lockheed Martin's F-35 fighter jet program as too expensive, the latest attack by the U.S. President-elect on large defense contractors.Lockheed shares dropped 5.1 percent and shares of several other defense contractors also tumbled. "The F-35 program and cost is out of control," Trump said
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Caterpillar says compliant with tax laws after IRS claim
Caterpillar Inc (CAT.N) said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company's buildings in connection with a probe into the heavy machinery manufacturer's offshore tax practices.The Internal Revenue
Starbucks sets five-year growth targets, to open 12,000 more stores
Starbucks Corp (SBUX.O) set an annual revenue growth target of 10 percent and profit growth target of 15-20 percent for the next five years, and the coffee chain said it planned to open 12,000 stores globally by 2021.The company also
U.S. producer inflation boosted by higher energy prices
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. producer prices recorded their largest gain in more than four years in January amid
