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Updated: 29 min 16 sec ago

Pentagon Official Criticizes F-35 Costs

Thu, 04/17/2014 - 3:34pm
A senior Pentagon official lashed out at Pratt & Whitney, saying the unit is failing to meet commitments to cut costs for engines for the F-35 Joint Strike Fighter.

Report Praises Fed Role in Terrorism Insurance

Thu, 04/17/2014 - 3:05pm
A report by financial regulators released Thursday said expiration of a federal program providing a backstop for private terrorism insurance would make the policies more expensive and harder to obtain.

American Securities Puts Prison-Phone Operator GTL on Block

Thu, 04/17/2014 - 2:05pm
Global Tel*Link Corp., the largest U.S. operator of prison phones, is being shopped by its private-equity owner, a move that comes as regulators have capped the fees for interstate inmate calls.

Feds Examine Auto Insurance Rates

Thu, 04/17/2014 - 1:37pm
The U.S. Treasury's Federal Insurance Office is moving into territory long overseen by state insurance departments by examining the affordability of car insurance for low- and moderate-income consumers and minorities.

Newark Airport's One-Runway Blues

Thu, 04/17/2014 - 12:57pm
With a runway closed for repaving, Newark's airport is expected to be down from three to two runways until May 31. But when visibility worsens, or winds gust, the shorter runway is closed—leaving the airport with just one runway.