U.S. Economy: Recession Concerns Ease on Private Jobs


By Shobhana Chandra

Sept. 3 (Bloomberg) — Companies in the U.S. added more jobs than forecast in August, easing concern the world’s largest economy is sliding back into a recession.

Private payrolls climbed 67,000 after a revised 107,000 increase in July that was more than initially estimated, Labor Department figures in Washington showed today. The unemployment rate rose to 9.6 percent as more people looked for work. A separate report showed service industries expanded more slowly than estimated.

Stocks climbed around the world and U.S. Treasuries slumped as the employment report bolstered Federal Reserve Chairman Ben S. Bernanke’s view that the conditions are in place for a pickup in growth in 2011. While companies such as Caterpillar Inc. are boosting staff as the global economy recovers, payrolls are expanding too slowly to bring down an unemployment rate hovering near a 26-year high. Leer más “U.S. Economy: Recession Concerns Ease on Private Jobs”

Missile Shield at $10 Billion Sets Up Boeing-Lockheed Showdown

Aug. 23 (Bloomberg) — Boeing Co. will compete for the first time to keep its U.S. missile defense work as Lockheed Martin Corp. seeks to wrest away an order for as much as $10 billion.

The Pentagon’s Missile Defense Agency is preparing to take bids on a contract that Boeing has held since 1998 to design, build and operate the arsenal of satellites, radar and high- speed interceptors intended to shoot down enemy intercontinental ballistic missiles in space. The new order will be for management and maintenance.

The contest gives the companies a shot at a decade-long program as the Pentagon reins in spending increases. Riding on the outcome is Boeing’s future as a so-called systems integrator directing projects through suppliers, said Philip Finnegan, an analyst at consultant Teal Group in Fairfax, Virginia.


By Gopal Ratnam

Aug. 23 (Bloomberg) — Boeing Co. will compete for the first time to keep its U.S. missile defense work as Lockheed Martin Corp. seeks to wrest away an order for as much as $10 billion.

The Pentagon’s Missile Defense Agency is preparing to take bids on a contract that Boeing has held since 1998 to design, build and operate the arsenal of satellites, radar and high- speed interceptors intended to shoot down enemy intercontinental ballistic missiles in space. The new order will be for management and maintenance.

The contest gives the companies a shot at a decade-long program as the Pentagon reins in spending increases. Riding on the outcome is Boeing’s future as a so-called systems integrator directing projects through suppliers, said Philip Finnegan, an analyst at consultant Teal Group in Fairfax, Virginia. Leer más “Missile Shield at $10 Billion Sets Up Boeing-Lockheed Showdown”