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To: Broken_Clock who wrote (52482)2/2/2006 10:28:16 PM
From: shades  Read Replies (1) | Respond to of 110194
 
DJ Realtors Urge US Fed To Reject Wal-Mart Bank Application

WASHINGTON (AP)--The National Association of Realtors is urging new Federal Reserve Chairman Ben Bernanke to weigh in against efforts by Wal-Mart Stores Inc. (WMT) to operate a bank in Utah.

"We ask that, early in your term, you actively oppose" Wal-Mart's application now pending before the Federal Deposit Insurance Corp., the association said in a letter to Bernanke released Thursday.

Bentonville, Ark.-based Wal-Mart is seeking to operate a special breed of bank called an industrial loan company, or ILC, in Utah. It wants to do this so it can process credit card, debit card and electronic check transactions from its retail locations.

Bernanke was sworn in as the new Fed chief on Wednesday. Last week, Alan Greenspan - still chairman of the Fed at that time - urged Congress to close a regulatory loophole that lets companies own the type of banks that Wal-Mart wants to operate.

"We hope you share our concern and that of chairman Greenspan about the risks of permitting Wal-Mart to control a bank," the association said in the letter to Bernanke.


(END) Dow Jones Newswires

February 02, 2006 18:13 ET (23:13 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 06 13 PM EST 02-02-06



To: Broken_Clock who wrote (52482)2/2/2006 10:30:10 PM
From: shades  Read Replies (1) | Respond to of 110194
 
DJ Defense Contracts Announced Thursday

The following defense contracts were announced Thursday.

Sikorsky Aircraft Corp., a unit of United Technologies Corp. (UTX), received a $271.4 million modification to a firm-fixed-price contract for the Navy Knight Hawk Helicopters. Work will be performed in Stratford, Conn., and is expected to be completed by Dec. 31, 2007.

General Dynamics Corp.'s (GD) Land Systems unit received $128.3 million firm-fixed-price contract for light armored vehicles and supporting logistics and engineering products. Work will be performed in Sterling Heights, Mich. (7%), and London, Ontario, Canada (93%), and is expected to be completed by June 30, 2008.

DynCorp International LLC received a $84.9 million modification to a firm-fixed-price contract for Maintenance for the Entire Fleet of C-12, RC-12, and UC-35 Fixed Wing Aircraft. Work will be performed in Fort Worth, Texas, and is expected to be completed by Jan. 31, 2007.

Raytheon Co. (RTN) received a $65 million modification to a cost-plus-fixed-fee contract for FY06 PATRIOT Engineering Services. Work is expected to be completed by Jan. 9, 2009.

General Dynamics's Network Systems unit received $29 million modification to a fixed-price-incentive with award-fee contract for surveying, planning, design, installation, and implementation of information technology systems and infrastructure for Wedges 2-5 Tenants. Work will be performed in Arlington, Va., and is expected to be completed by Dec. 31, 2010.

Raytheon received a $20.1 million modification to a firm-fixed-price contract for TOW 2B Aero Generation 2 Missiles. Work will be performed in Tucson, Ariz., and is expected to be completed by Nov. 30, 2008.

Sikorsky Aircraft received a delivery order amount of $19.1 million as part of a $19.14 million firm-fixed-price contract for Landing Drag Braces and Spare Parts for the Black Hawk Helicopter. Work will be performed in Stratford, Conn., and is expected to be completed by April 31, 2008.

Boeing Co. (BA) received a delivery order amount of $14.5 million as part of a $43.9 million firm-fixed-price contract for Overhaul of the CH-47 Forward and AFT Rotor Heads. Work will be performed in Ridley Park, Pa., and is expected to be completed by Dec. 31, 2010.

Raytheon received a $13.5 million modification to a cost-plus-fixed-fee contract for the PATRIOT Missile Support Center. Work will be performed in Andover, Mass., and is expected to be completed by Jan. 31, 2008.

General Dynamics' Land Systems unit received a delivery order amount of $5.8 million as part of a $32.4 million cost-plus-fixed-fee contract for Logistics Support Services for the M931A1 FOX Nuclear, Biological, and Chemical Reconnaissance System. Work will be performed in Sterling Heights, Mich., and is expected to be completed by Jan. 31, 2007.

Raytheon's Missile Systems received a $14.9 million ceiling-priced modification to a previously awarded firm-fixed-price contract to provide technical services in support of the software integration of the AIM-9X Missile capability on the F-16 Aircraft, including technical data and support equipment for the Government of Turkey under the Foreign Military Sales Program. Work is expected to be completed in December 2007.


(END) Dow Jones Newswires

February 02, 2006 18:36 ET (23:36 GMT)

Copyright (c) 2006 Dow Jones & Company, Inc.- - 06 36 PM EST 02-02-06