Fiscal cliff could cause layoffs for defense contractors

Aug 9, 2012
The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars…

Budget cuts could hurt defense contractors

Jan 27, 2012
Federal spending on defense could soon be drawn back, and private companies that make military equipment will have to look elsewhere for customers.

Defense sector braces for Pentagon cuts

Nov 15, 2011
With the super committee looking less and less likely to succeed, defense contractors are planning for the worst: automatic cuts.

MID-DAY UPDATE: U.S. reviews Middle East arms deals, China moves to discourage protests

Feb 23, 2011
As the unrest in the Middle East continues to escalate today, the Wall Street Journal is reporting that the Obama administration has launched a...

MID-DAY UPDATE: Who is Austan Goolsbee? ...

Sep 10, 2010
... He's Obama's new top economic adviser...