U.S. Aerospace protested against his dismissal for tanker

U.S. Aerospace, a California aerospace equipment manufacturer that created a stir by announcing last month will participate in the tender for the giant tanker contract from the U.S. Army, this week filed an appeal after dismissal of his application.
The Government Accountability Office (GAO), the U.S. equivalent of the Court of Auditors, met Monday [...]

Philips raises its margin target for 2010

Philips has raised its margin target for 2010 after better than expected results for the second quarter driven by strong sales in emerging markets.
The Dutch consumer electronics was confident of being able to exceed its margin target of 10% EBITA before exceptional items this year as he previously thought just to reach this [...]

3 members of the CA Alstom UK arrested for corruption

Three members of the Board of Directors of Alstom in the UK have been placed in custody on suspicion of corruption, money laundering and false accounting, announced the Serious Fraud Office UK.
The arrests came after raids on nine sites of Alstom, said the SFO.
The British authorities suspected payment of bribes, kickbacks [...]