Lockheed Martin reported a forecast-beating 1.7% rise in third quarter profit and raised its 2014 outlook, but forecast sales and margins will drop sequentially in 2015, even if lawmakers approve the Pentagon’s existing budget plan.
Air France-KLM, Alitalia and Delta are planning a tie-up on trans-Atlantic flights involving schedule, pricing and capacity coordination and profit-sharing. EU antitrust regulators want to hear what others think.
Hermès doesn’t expect its Chinese brand, Shang Xia, to break even until 2016, a date that consultants say reflects its slow traction in China and the difficulties it faces with Beijing’s crackdown on luxury gift-giving by officials.
What should happen to the college students who rioted at the pumpkin festival in NH this weekend?