Washington - Oshkosh Corp. just won a massive $30 billion contract to completely replace the US Army's Humvee units. Other candidates for the elaboration of the military vehicles included industry giants Lockheed Martin and Humvee builder AM General.
After a dizzying two weeks that saw a rapid plunge and rebound in equity prices, investors are looking forward to a week of economic data that may provide clarity on the likelihood of a near-term US interest rate hike and help tamp down the market's ...
Berkshire Hathaway, the holding company led by Warren E. Buffett, disclosed a $4.48 billion stake in the oil refiner Phillips 66, rebuilding a bet Berkshire had made in the energy industry before oil prices fell.
China's banks are facing an ever tighter squeeze as profits stagnate and bad loans jump while the economy continues to slow and heavily indebted companies struggle to survive.
The amendment comes after the People's Bank of China (PBoC), the central bank, announced Tuesday it was cutting benchmark interest rates.