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Business News
Lockheed's F-35 fighter jet under renewed pressure
WASHINGTON (Reuters) - Key U.S. senators raised fresh questions about Lockheed Martin Corp's $382 billion F-35 fighter program on Monday as the Pentagon's top weapons buyer underscored deep flaws in the way the multinational arms program was set up from the start. [ Read more ]
Exclusive: Facebook governance a concern for Calif pension fund
NEW YORK (Reuters) - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System. [ Read more ]
MGM gets $500 mln loan to expand film, TV slate
LOS ANGELES (Reuters) - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production. [ Read more ]
Stock gains turn hedge fund losers into winners
BOSTON (Reuters) - Last year's hedge fund losers may be turning into winners again. [ Read more ]
Greek leaders face crunch talks, unions strike
ATHENS (Reuters) - Greek political leaders face crunch talks on Tuesday to hammer out a deal on unpopular reforms that have prompted the country's biggest labor unions to walk off the job. [ Read more ]
Wall St edges lower after string of gains
NEW YORK (Reuters) - Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally. [ Read more ]