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Report: Airbus Seeks Majority Stake of MBDA

Airbus wants to buy Finmeccanica’s 25 percent share of European missile company MBDA, Reuters reported Monday. Airbus plans to bolster its 37.5 percent stake at MBDA after Finmeccanica announced sale of its share, Alexandre Boksenbaum-Granier and Valentina Za report, citing a report from Britain’s Sunday Times. Analysts estimate Finmeccanica’s MBDA …

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January 27 Market Close: GovCon Index Sinks 1%, Durable Goods Orders Fall in December

The GovCon Index reflected a sell-off in U.S. stock markets to record a decline of 1.301 percent — or 0.918 points — to close at 75.529. Orbital Sciences (NYSE: ORB) — the index’s largest gainer for the day — saw its stock price jump 2.36 percent to 30.32 per share after it said its merger with …

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January 22 Market Close: GovCon Index Sets Record High, Traders Welcome ECB Stimulus Plan

The GovCon Index set a new record-high Thursday with a gain of 1.134 points — or 1.543 percent — to close at 72.346. All but two stocks on the index recorded increases in a day that saw the GovCon Index surpass the previous record of 71.722 set on Dec. 26, 2014. U.S. stocks …

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January 21 Market Close: GovCon Index Stays Flat, Earnings Lift US Stocks

The GovCon Index stayed flat Tuesday with a nominal gain of 0.079 points — or 0.111 percent — to close at 71.212. U.S. markets reacted to reports that the European Central Bank could launch a quantitative easing program for one year and earnings reports from firms such as UnitedHealth Group (NYSE: UNH), CNBC reported. …

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January 20 Market Close: GovCon Index Holds Up, Investors Await Euro Bank Move

The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291. A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more …

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January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones …

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January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

The GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exchange …

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Paul Falkler Promoted to Vistronix National Intell Sector President; John Hassoun Comments

Paul Falkler, corporate vice president for national intelligence programs at Vistronix, has been named president of the company’s national intelligence sector. He will lead the sector that delivers national security technology offerings designed to help intelligence agencies execute high-priority missions, Vistronix said Monday. “Paul has been on the cutting edge …

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January 12 Morning Report: GovCon Index Closed Friday Slightly Down On Reports Of December Wage Decline

The GovCon Index ended a strong trading week slightly down, closing Friday at 70.995 — off .306 points — or 0.433 percent. For the trading week Jan. 5-9, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure within the past three months. U.S. stocks declined after two straight days of gains …

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January 9 Market Close: GovCon Index Retreats, Report Shows December Wage Decline

The GovCon Index ended the trading week with a slight decline of 0.306 points — or 0.433 percent — to close at 70.995 on Friday. For the week started Jan. 5, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure for a trading week within the past three months. U.S. stocks …

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