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Brazil's Oi working to meet deadline to file 20-F to U.S. SEC

SAO PAULO, May 13- Brazil Telecom company Oi SA said on Friday it is making its best efforts to meet a new, May 17 deadline to file the 20- F formulary to the U.S. Securities and Exchange Commission. Oi asked for additional time to file its 20- F as it decided to present the document according to U.S. accounting principles. International companies with shares trading in...

Source: Reuters

UPDATE 1-Sikorsky acquisition boosts Lockheed's revenue

The F-35 Joint Strike Fighter is the Pentagon's largest weapons program and it is expected to spend $391 billion to buy 2,443 of the supersonic, stealthy new warplanes. The Pentagon's No. 1 weapons supplier now expects 2016 profit of $11.50 to $11.80 per share, up from its previous forecast of $11.45 to $11.75 per share. However, net income fell to $794 million, or...

Source: Reuters

Ford bringing beefy F-150 Raptor pickup truck to China next year

BEIJING April 22- Ford Motor Co said on Friday it will next year start selling a big American pickup truck in China where the vehicles are mostly used by construction and other such workers and a culture of recreational and personal use is only just emerging. The Dearborn, Michigan automaker said it aimed to bring "a new level of capability to China's off-road...

Source: Reuters

What Hillary gets wrong on wages

Hillary Clinton gets the problem right when it comes to wages — but she gets the solution wrong, says this fast-food CEO.

Source: CNBC.com

UPDATE 1-Lockheed funds suppliers to keep F-16 fighter line going

WASHINGTON, March 15- Lockheed Martin Corp is using its own funds to pay suppliers and stave off the closure of its F-16 fighter jet production line as it waits to finalize orders from Pakistan and other countries, a company official said on Tuesday. Lockheed is now funding suppliers to ensure it will be able to build planes for Pakistan and other countries after...

Source: Reuters

UPDATE 1-Jet fuel pipeline supplying to JFK airport ruptures in New York

March 10- A jet fuel pipeline that supplies to the John F. Kennedy airport ruptured in east New York on Thursday, potentially affecting fuel supply to the airport. At this point, it is not clear if it is a fuel or natural gas pipeline that has been affected, "a spokesman for the Port Authority of NY& NJ said. The rupture on the pipeline operated by Buckeye Partners LP...

Source: Reuters

UPDATE 1-Bid to block Pakistan F-16 sale fails in U.S. Senate

WASHINGTON, March 10- The U.S. Senate on Thursday blocked an effort to prevent the $700 million sale of Lockheed Martin Corp F-16 fighter jets to Pakistan, although a key lawmaker said he would not allow the use of U.S. funds to finance it. President Barack Obama's administration announced on Feb. 12 that it had approved the sale to Pakistan of the aircraft, as well as...

Source: Reuters

Bid to block Pakistan F-16 sale fails in U.S. Senate

WASHINGTON, March 10- The U.S. Senate on Thursday blocked an effort to prevent the $700 million sale of Lockheed Martin Corp F-16 fighter jets to Pakistan. President Barack Obama's administration announced on Feb. 12 that it had approved the sale to Pakistan of the aircraft, as well as radars and other equipment. Paul had called Pakistan "an uncertain ally" and other...

Source: Reuters

U.S. senator does not expect Pakistan F-16 sale to be blocked

Senator Ben Cardin, the top Democrat on the Senate Foreign Relations Committee, said on Wednesday he does not expect an upcoming vote on a $700 million sale of F-16 fighter jets to Pakistan to keep the deal from going ahead. President Barack Obama's administration announced on Feb. 12 that it had approved the sale of the Lockheed Martin Corp aircraft as well as...

Source: Reuters