General Dynamics News
Stocks in Sectors Challenged Under Obama Rally After Trump Election Upset
While the reaction of the markets to Donald Trump 's surprise election win caused some alarm, this morning some industries have rallied around the news. With stock futures plunging last night, commentators were drawing comparisons to sell-offs last seen amid the financial crisis of 2008. But this
A Look Inside Gulfstream's New High-Tech Private Jet
Gulfstream Aerospace Corp., well known for its business jets, introduced a new family of swanky jets today: the Gulfstream G500 and the G600. Most fascinating about the unveiling is the degree of secrecy that has surrounded the manufacturing giant’s projects. The two new aircraft offer...
StubHub Latest Victim of Cyberthieves
Morning Money Memo: ABC News’ John Kapetaneas reports: You may want to check that ticket again. Nearly 1,000 customers of the online ticket exchange StubHub are the latest victims of cyberthieves. The San Francisco-based, eBay-owned company Tuesday said that while the thieves did not hack...
Defense Stocks Rise On News Of Military Cuts
Why are defense stocks soaring? Defense Secretary Chuck Hagel proposed spending cuts that would shrink the size of America's fighting force to pre-WWII levels and eliminate several costly weapons programs. Yet the stocks of Lockheed Martin, General Dynamics, Northrop Grumman and other leading
Election 2012: Obama's Top 8 Post-Election Economic Issues
Now that the anticipation of the presidential election is behind investors' minds, the next hurdle of uncertainty is the fiscal cliff and Europe. Stocks are reaching lows not reached in months. The forecast for the European economy is gloomy, and Americans are anticipating gridlock over impending
Top 5 Moments That Changed a Campaign
Mitt Romney may have offered a gift to his opponents on Monday when he said, in the midst of a longer answer about insurance companies, that he likes "being able to fire people." Opponents and reporters pounced on the quote and his remark added fuel to the already tense and competitive primary
The Note: Showing Their Primary Colors: Pawlenty And Bachmann Enter Pivotal Weekend
By MICHAEL FALCONE (@michaelpfalcone) and AMY WALTER (@amyewalter) DES MOINES, Iowa -- Presidential primary debates are rarely “game changers” -- those truly unpredictable events that alter the course of a campaign. Instead they provide candidates the opportunity to define themselves...
Dispute over FAA halts more than 250 airport projects
The partial shutdown of the Federal Aviation Administration has halted more than 250 aviation development projects and caused thousands of construction workers to lose their jobs, the FAA and the construction industry say. The projects, which were valued at $10.5 billion when they began, include
Debt Ceiling Deal: Top 7 Ways Government Cuts Could Affect You
While the United States may have averted a default on its sovereign debt, the spending cuts in the deficit reduction proposal are yet to be determined. The Congressional Budget Office said the tentative agreement, which the House approved Monday night and Senate approved Tuesday, could cut $1.2
Pentagon Budget Cuts: Who Loses, Who Wins?
President Obama has told incoming Secretary of Defense Leon Panetta to reduce military spending by 5 percent. That sounds modest. But given the enormity of the military budget, it will drain $33 billion a year from an already-struggling economy. The Defense Department accounts for almost 20 percent