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U.S. agency rejects Boeing protest of Northrop bomber contract

A U.S. government agency on Tuesday rejected a protest filed by Boeing Co and Lockheed Martin Corp against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp by the U.S. Air Force in October. The decision by the U.S. Government Accountability Office marked another setback for Boeing, which is facing job cuts in its commercial division and a reported federal investigation into whether it properly accounted for two jetliners, the 747 and 787. Ralph White, GAO's managing associate …

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U.S. agency rejects Boeing protest of Northrop bomber contract

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Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade

Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output …

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Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade

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Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul

By Lindsay Dunsmuir and Jason Lange WASHINGTON (Reuters) – The U.S. Federal Reserve's newest policymaker and a former point man for the government's bailout of the financial industry on Tuesday called on lawmakers to take radical action to rein in banks and protect taxpayers. In his first speech as head of…

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Fed’s Kashkari, in first speech, suggests radical Wall St. overhaul