Assurant shares could double-Barron's
NEW YORK, June 25 Insurer Assurant Inc's shares could double because it is emphasizing fee-based businesses while lowering its exposure to its riskier underwriting business, according to a report in Barron's.
WASHINGTON Jan 24 Lockheed Martin Corp Chief Executive Marillyn Hewson said the company's F-35 Joint Strike Fighter program was progressing "very well" and she expected to finalize agreements for sixth and seventh production orders with the Pentagon in the first half of 2013.
Hewson said the F-35 fighter uses similar lithium-ion batteries as those being investigated on Boeing Co's 787 Dreamliner, but they were made by a different manufacturer and had been tested and vetted extensively.
She said investigators were still trying to determine what caused a problem that prompted the Pentagon to ground the U.S. Marine Corps variant of the F-35 last week.
June 25 Nestle SA, is being targeted by activist investor Daniel Loeb's hedge fund Third Point LLC, Bloomberg reported, citing people familiar with the matter.