U.S. general says he believes North Korea can build nuclear warhead


WASHINGTON - The commander of U.S. forces in South Korea said on Friday he believes Pyongyang has the capability to build a nuclear warhead that can be mounted on a ballistic missile, but added there were no tests or other evidence it has taken that step.

U.S. reports more air strikes against Islamic State in Syria and Iraq

WASHINGTON - U.S. aircraft carried out six strikes against Islamic State militants near the Syrian Kurdish town of Kobani on Thursday and Friday, the U.S. military's Central Command said.

World, 24 Oct 2014

U.S. airlines see third-quarter profits rise, upbeat outlook

- American Airlines Group , United Airlines and other carriers reported strong third-quarter profits on Thursday, helped by falling fuel costs, and mostly shrugged off concerns that Ebola could affect their outlook.

23 Oct 2014

Fed lays out scenarios for 2015 bank stress tests

WASHINGTON - The U.S. Federal Reserve said on Thursday it would assume wider corporate bond spreads and a higher oil price in the most strenuous scenario it will use in next year's run of its annual check of banks' health.

23 Oct 2014

Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets

WASHINGTON - Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.

Deals 23 Oct 2014

Singapore Airlines signals budget determination with Tiger takeover

SINGAPORE - Singapore Airlines Ltd (SIA) is injecting cash into money-losing Tiger Airways Ltd , signalling its resolve to persevere in the low-cost segment even after the budget affiliate bowed out of three regional markets.

Deals, 23 Oct 2014

Exclusive: Charred tanks in Ukraine point to Russian involvement

HORBATENKO Ukraine - The burnt-out remains of dozens of tanks and armored vehicles in fields near this small village bear witness to the ferocity of a battle that turned the tide of the conflict in eastern Ukraine.

World, Russia, 23 Oct 2014

American Airlines third-quarter profit soars on lower fuel costs

- American Airlines Group Inc , the world's largest airline by passenger traffic, said on Thursday that third-quarter net income soared 87 percent, topping analysts' estimates, buoyed by declining fuel costs.

23 Oct 2014

Raytheon acquiring privately held firm for $400 million: CFO

WASHINGTON - U.S. weapons maker Raytheon Co on Thursday said it was acquiring a privately held company in its core defense business for about $400 million, and the deal should close next month after completing regulatory reviews.

Deals, 23 Oct 2014

Engine parts supplier questions case for Airbus A380 upgrade

BERLIN/PARIS - The case for developing new engines for a sales-boosting upgrade to Airbus's A380 passenger jet has been called into question by a partner in one of the planemaker's engine suppliers.

23 Oct 2014