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☆ BAE snaps up Ball's aerospace arm for $5.6 billion in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. He also confirmed the 1.5 billion pound ($1.91 billion) share repurchase announced with its half-year results. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

Persons: Cheney Orr, Tom Arseneault, Chloe Lemarie, Charles Woodburn, Yadarisa Shabong, Chandini, Susan Mathew, Subhranshu Sahu, Jason Neely, Sharon Singleton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Shore Capital, Britain's, British, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Colorado, Bengaluru

☆ BAE’s stratospheric space deal has sound logic
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters Breakingviews) - BAE (BAES.L) is showing off its deep pockets. On Thursday, the $37 billion maker of war ships and armored vehicles said it will splurge over $5.5 billion in cash on Ball Corp’s (BALL.N) aerospace arm. BAE CEO Charles Woodburn beat off private equity bidders including Blackstone (BX.N) to seal the deal, which bulks up his exposure to civil and military space surveillance solutions. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Cheney Orr, Ball, Charles Woodburn, Woodburn, Woodburn’s pricey, Aimee Donnellan, EY’s loveless, Neil Unmack, Streisand Neto Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Reuters, BAE, Blackstone, Ball Aerospace, Twitter, TPG, Thomson Locations: Huntsville , Alabama, U.S

☆ BAE Systems snaps up Ball Corp's aerospace arm for about $5.55 bln
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. Shares in BAE Systems were down 3% by 0730 GMT. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. The proposed deal would be treated as an asset purchase for federal tax purposes, BAE said. ($1 = 0.7856 pounds)Reporting by Yadarisa Shabong in Bengaluru; editing by Subhranshu Sahu and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Cheney Orr, Chloe Lemarie, Charles Woodburn, Morgan Stanley, Yadarisa, Subhranshu Sahu, Jason Neely Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, Ball Corp, Jefferies, Reuters, Blackstone Inc, Veritas Capital Fund Management, BAE, General Dynamics Corp, Textron, Britain's, Intelligence, Thomson Locations: Huntsville , Alabama, U.S, Colorado, Bengaluru

☆ BAE snaps up Ball's aerospace arm for $5.6 bln in its biggest deal ever
▼ + stars: | 2023-08-17 | by ( Yadarisa Shabong | ) www.reuters.com time to read: +3 min

People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. The war in Ukraine has led to new demand for those in munitions supply chains, Tom Arseneault, head of BAE's U.S. business, told analysts. Shares in BAE Systems fell as much as 4.9%, while Ball Corp rose 2.7% in premarket trading. "We see this deal as a good fit, although slightly expensive," Jefferies analysts led by Chloe Lemarie wrote in a note. The Colorado-based aerospace business made $1.98 billion in revenue and accounted for 13% of Ball's consolidated net sales in 2022.

FILE PHOTO-People gather at the BAE Systems' booth during the Association of the United States Army (AUSA) Global Force Symposium & Exposition in Huntsville, Alabama, U.S. March 28, 2023. REUTERS/Cheney Orr/File PhotoSummaryCompanies First-half EPS up 17%Sees full-year EPS 10%-12% higher, previous forecast 5%-7%Lifts interim dividend by 11%Shares up 5%LONDON, Aug 2 (Reuters) - Britain's biggest defence company BAE Systems (BAES.L) upgraded its guidance for 2023, forecasting annual earnings growth of 10%-12%, as governments spend more on military equipment in "an increasingly uncertain world". BAE Systems said its good operational performance plus the demand from its customers, the biggest of which are the United States, Britain, Saudi Arabia and Australia, meant its full-year results would be better than expected across the board. Shares in BAE Systems jumped 5% in early deals. For 2023, BAE said earnings per share would grow 10%-12%, compared to the 5%-7% increase it had forecast in February, while it also lifted sales guidance to 5%-7% growth from 3%-5%.

Persons: Cheney Orr, Charles Woodburn, Woodburn, Hargreaves, Aarin, Sarah Young, Paul Sandle, Kate Holton Organizations: BAE Systems, Association of, United States Army, Global, REUTERS, BAE, Thomson Locations: Huntsville , Alabama, U.S, United States, Britain, Saudi Arabia, Australia, Russia, Ukraine, Asia, Pacific, Europe, Czech Republic, Poland, Qatar, Christian

☆ Texas governor to defy DOJ request to remove floating barriers in Rio Grande: ‘Texas will see you in court, Mr. President’
▼ + stars: | 2023-07-24 | by ( Chris Boyette Priscilla Alvarez | Chris Boyette | Priscilla Alvarez | ) edition.cnn.com time to read: +3 min

Greg Abbott will not be ordering floating barriers to be removed from the Rio Grande, in defiance of the US Department of Justice. The Justice Department gave Texas a deadline of Monday at 2 p.m. ET to commit to the removal of the floating border barriers or face legal action, according to the letter sent to Abbott. The governor’s actions are cruel and putting both migrants and border agents in danger,” White House spokesman Abdullah Hasan said. Among the complaints are reports that Texas troopers were told to push back migrants into the Rio Grande and ordered not to give them water.

Persons: Greg Abbott, “, ” Abbott, Joe Biden, ”, Abbott, Abbott’s, Abdullah Hasan, Ted Cruz, Biden’s Organizations: CNN, Texas Gov, US Department of Justice, DOJ, Justice Department, Texas, The, Department gave Texas, Republican, Texas Constitution, Patrol, Department of Homeland Security, United States Army Corps of Engineers, Justice, Texas Department of Public Safety, DPS Locations: Rio Grande, “ Texas, Texas, Mexico, United States, Rio

☆ North Korea Stays Silent on U.S. Soldier Who Fled Into the Country
▼ + stars: | 2023-07-20 | by ( Choe Sang-Hun | More About Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

North Korea has not yet responded to the mystery surrounding United States Army Pvt. Although North Korea has yet to acknowledge that it has Private King in its custody, given its past practices with other American detainees, much of its response will likely be determined by Mr. King’s motive. American soldiers who have deserted into North Korea in the past have been accepted as defectors who renounced capitalist ideology and have been allowed by the authorities in Pyongyang, the North Korean capital, to live in the country. Americans accused of illegal entry are held in detention and are sometimes released and expelled, or prosecuted and sentenced to hard labor. No matter the scenario, North Korea has treated such Americans as propaganda tools against the United States, and in some cases it has tried to use them as bargaining chips in negotiations with Washington, which has no formal diplomatic ties with the North.

Persons: Travis T, King Organizations: United States Army, Washington Locations: Korea, North Korea, Pyongyang, United States

☆ Former US Army general says Wagner boss Yevgeny Prigozhin likely isn't dead. If he were, Putin wouldn't be keeping it a secret.
▼ + stars: | 2023-07-12 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +4 min

A former US Army general told Insider that Wagner boss Yevgeny Prigozhin likely is not dead or jailed. If he were, Russian President Vladimir Putin wouldn't be keeping it a secret, the retired general said. "We are getting bits and pieces from different people, not from Putin directly and not from Prigozhin directly." Kremlin spokesman Dmitry Peskov told reporters this week that Putin met face-to-face with Prigozhin and his commanders on June 29, five days after Wagner's rebellion. The retired US Army surmised that it is most likely the Kremlin is keeping Prigozhin, a billionaire businessman, around while it "dismantles" Prigozhin's vast empire.

Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin wouldn't, Kevin Ryan, he's, Ryan, Putin, Prigozhin, Dmitry Peskov, Peskov Organizations: US Army, Service, Group, United States Army, Russian Locations: Russian, Wall, Silicon, Russia, Prigozhin, Ukraine

☆ It’s Toxic Slime Time on Florida’s Lake Okeechobee
▼ + stars: | 2023-07-09 | by ( ) www.nytimes.com time to read: +14 min

For thousands of years, Lake Okeechobee pumped life into Florida’s swampy interior. Lake Okeechobee 10 miles Lake Okeechobee 5 miles Lake Okeechobee 5 miles Algal bloom extent on June 12 Source: Satellite image by Landsat By Leanne AbrahamRainy season is just starting, but by late June the lake’s level was roughly two feet higher than the United States Army Corps of Engineers would like. Sunrise over Pahokee and Lake Okeechobee. “Like clockwork.”Similar outbreaks have struck lakes elsewhere, including Lake Champlain, Lake Erie and Lake Tahoe. Equally challenging to grasp is the idea that the whole new lake, as big as it sounds, will fill to capacity if only six inches of Lake Okeechobee is sent its way.

Persons: Ian, Fort Myers, Stuart —, Leanne Abraham Rainy, ”, Star Robinson, it’s, Herbert Hoover, Palm Beach Herbert Hoover, Leanne Abraham, Gil Smart, Robinson, It’s, Herbert Hoover Dike, Roy Senff, Okeechobee’s outflows, Sherwin, Williams, Hoover, Stuart, Nature, Col, James Booth of, Tim Harper, “, Biden, Ron DeSantis, Eric Eikenberg, Bill Mitsch, Mother Nature, Floridians, Stefani Hughes, Smart, VoteWater aren’t, They’re Organizations: United States Army Corps, Engineers, Army Corps of Engineers, Orlando Area, Air, Palm Beach Herbert, Everglades, States Geological Survey, Everett, Inc, Fort, Florida Water Management District, Florida Legislature, Gov, Everglades Foundation, Research, Florida Gulf Coast University Locations: Okeechobee, Fort, Pahokee, Lake Okeechobee, Ala, Orlando, Fla, Kissimmee, Florida, Myers, Gulf, Mexico, Miami, Ga, Palm, Everglades Miami, Lake Champlain, Lake Erie, Tahoe, Stuart, U.S.D.A, Manhattan, South Florida

☆ I visited the Cu Chi Tunnels used to ambush US soldiers, a grisly but unforgettable reminder of the Vietnam War — take a look
▼ + stars: | 2023-06-25 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

I had the opportunity to visit the Cu Chi Tunnels, which are just outside Ho Chi Minh City, Vietnam. The tunnel network was started in the late 1940s and used by the Viet Cong during the Vietnam War. One of the most memorable parts of my trip, and indeed my life, was an excursion to the Cu Chi Tunnels near Ho Chi Minh City in the south of Vietnam. They provided a subterranean world from which the Vietnamese guerilla fighters - the Viet Cong - could launch attacks and hideout. Take a look inside the stifling tunnels, one of the Vietnam War's best-preserved relics.

Persons: Ho, — Organizations: Service, National Museum of, United States Army, US Locations: Ho Chi Minh City, Vietnam, Viet, Southeast Asia, Cambodia, Indochina

☆ Video shows floods pouring into southern Ukraine's war zone after a major dam was blown up, sparking a new flashpoint in the war
▼ + stars: | 2023-06-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The Kakhovka dam was destroyed on Tuesday, releasing a flood of water into southern Ukraine. Footage shows torrents of water from the Kakhovka Reservoir draining rapidly into the Dnipro River. "The Russian occupation troops destroyed the Kashkova hydroelectric station," said the Southern Command of Ukraine's forces on its Facebook page. The Kakhovka Reservoir holds around 18.2 cubic kilometers of water, or 4 trillion gallons. The Kakhovka Reservoir also supplies water to millions of people in Crimea, which was annexed by Russia in 2014.

Persons: —, Vladimir Leontyev, Leontyev, Vladimir Solovyov, Mark Hertling, Hertling, Volodymyr Zelenskyy, he's, Oleksandr Prokudin Organizations: Service, Southern Command, Kremlin, International Atomic Energy Agency, United States Army, US Seventh Army, Cornucopia, National Security and Defense Locations: Ukraine, Russia, Russian, Kherson, Dnipro, Novaya Kakhovka, Crimea, United States Army Europe, Kyiv, Swedish, Moscow, Ukrainian, Geneva

☆ Jerry Springer, raucous talk show host, dead at 79
▼ + stars: | 2023-04-27 | by ( Brendan O'Brien | ) www.reuters.com time to read: +2 min

[1/3] Television personality Jerry Springer at the Democratic National Convention in Philadelphia, Pennsylvania, U.S. July 25, 2016. REUTERS/Lucy Nicholson/File PhotoLONDON, April 27 (Reuters) - Television personality Jerry Springer, known for a long-running talk show that featured raucous audiences, controversial topics and fist-fighting guests and who briefly served as Cincinnati mayor, died at age 79 on Thursday, his family said. Springer was born in London on Feb. 13, 1944, and immigrated to New York City when he was 4 years old. In 1991, Springer landed his own television program, a syndicated talk show broadcast across the United States until 2018. The daytime program, known as "The Jerry Springer Show," was initially a politically oriented show but later featured everyday people discussing sensationalistic topics, often related to unconventional sexuality.

☆ Labcorp to pay $2.1 million to settle allegations it overbilled Defense Department for genetic tests for military members
▼ + stars: | 2023-03-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Laboratory Corporation of America will pay the U.S. $2.1 million to settle allegations that it overbilled the Department of Defense for genetic tests that involved children and fetuses, the Justice Department announced Monday. Hecker-Gross' allegations surrounded genetic tests performed under a contract LabCorp entered with the Defense Department in 2012. Hecker-Gross alleged that LabCorp overcharged and double or triple-billed DOD for genetic tests performed by GeneDx. There were $210,959 in overcharges on 38 tests, including $113,525.50 for 21 tests billed between March 2016 and January 2017 alone, the lawsuit alleged. In 1996, LabCorp agreed to pay $187 million for fraudulently billing the government for unnecessary tests on elderly patients.

☆ Meet the 'Arizona Balloon Buster,' the ace WWI pilot famous for shooting down enemy balloons on 'suicide' missions
▼ + stars: | 2023-02-06 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

For his efforts in the skies above the battlefield, Luke became famous as the "Arizona Balloon Buster," according to the US Air Force. Shortly after the US entered World War I in the spring of 1917, the 20-year-old enlisted in the military and trained to become a pilot. These expensive assets were protected by anti-aircraft guns and aircraft, so trying to attack them was "practically suicide," the Air Force said. American World War I fighter ace, Frank Luke Jr (1897 - 1918), with his SPAD S.XIII biplane, France, 18th September 1918. Luke Air Force Base in Arizona is named after Frank Luke Jr., and the ace pilot also has a statue in Phoenix.

☆ Russia-Ukraine war has shocked Putin — and military vets like me
▼ + stars: | 2022-12-28 | by ( John Nagl | John Nagl Is A Retired Army Officer | Associate Professor Of Warfighting Studies At The Army War College. These Views Are His Own | ) www.nbcnews.com time to read: +4 min

I was mostly convinced that the brave and strong Ukrainians would fall to the inexorable logic of numbers in war. The Russian military did not plan for a prolonged fight. The Russian military also did not train for a prolonged fight. Putin’s efforts to restore the Russian military to its Soviet-era glory have been marred by corruption. The United States is again supplying arms to a brave people resisting a Russian invasion.

☆ Pentagon and Army sued over decades-old policy barring recruits with HIV
▼ + stars: | 2022-11-11 | by ( Zachary Schermele | ) www.nbcnews.com time to read: +4 min

After a successful effort earlier this year to ease longstanding restrictions on service members living with HIV, LGBTQ rights advocates are now pushing for more change. They want to end the U.S. military’s decades-old policy of barring people with HIV from enlisting. Isaiah Wilkins, 23, tested positive for HIV while trying to join the Army Reserves. Lambda LegalThe lawsuit describes the ban on HIV-positive recruits as “incompatible” with modern medical advancements. Before the court ruling, U.S. military policy was to place restrictions on service members if they were diagnosed with HIV after they had successfully enlisted.

☆ Remaking the River That Remade L.A.
▼ + stars: | 2022-11-10 | by ( Michael Kimmelman | Photographs Adali Schell | ) www.nytimes.com time to read: +33 min

Remaking the River That Remade L.A.February 1938 was a wet month in Los Angeles. Reservoirs overflowed, dams topped out and floodwaters careered down Pacoima Wash and Tujunga Wash toward the Los Angeles River. The Los Angeles River was never a storybook river of the kind that, like the Hudson or the Seine, we associate with great cities. Among the naysayers is a venerable organization called Friends of the Los Angeles River, founded by the Texas-born poet and performance artist Lewis MacAdams. “With all the problems L.A. is facing,” he said, “even if it costs $50 billion to fix the river, we should just effing do it.”The headwaters of the Los Angeles River aren’t easy to find.

☆ A 32-year-old military veteran who owns 74 rental units breaks down how she's continuing to increase her cash flow in the current real estate market.
▼ + stars: | 2022-11-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

She's the CEO of the Five Pillars Team, a brokerage team built by veterans to help military members and investors reach their real estate goals, at eXp Realty. In 2017, she had first considered the idea of building a real estate portfolio that could generate an income. However, as demand began to fall due to rising interest rates, she also hit the brakes on this strategy. Normally, when you're scaling a real estate portfolio, any tasks you don't have to do yourself can be delegated, she noted. Although interest rates are higher, buyers have way more power than they had six months to 18 months ago, she said.

☆ Why companies like UPS and Disney are allowing workers to show their tattoos
▼ + stars: | 2022-10-16 | by ( Ian Thomas | ) www.cnbc.com time to read: +9 min

Companies including Disney, UPS and Virgin Atlantic have relaxed their dress and style codes to allow employees to show their tattoos in the workplace. Shifting views on tattoos at workBartlett said after that policy was well received, UPS began looking at changes to its tattoo policy. Previously, the company barred employees from showing any visible tattoos — workers with tattoos had to cover them with long sleeves or pants, or skin-colored coverings. According to the Disney cast member handbook, visible tattoos that are no larger than an extended hand are permitted except for any on the face, head, or neck. That carried over into corporate culture, where hiring managers would stereotype applicants with visible tattoos, or where employers would worry that employing someone with tattoos would turn off customers.

☆ How Oath Keepers Are Accused of Plotting to Storm the Capitol
▼ + stars: | 2022-01-19 | by ( Denise Lu | Eleanor Lutz | ) www.nytimes.com time to read: +12 min

The chat group included Kelly Meggs — the head of the Florida chapter of Oath Keepers — and others. He later published the plan of action on the Oath Keepers’ website. section chief, contacted Mr. Rhodes to coordinate on an upcoming “op” and to provide details of a reconnaissance trip he took to Washington. weapons Mr. Rhodes purchased about $7,000 worth of firearm-related equipment and night-vision devices and shipped the items to Virginia. Several other people associated with the Oath Keepers have pleaded guilty and agreed to cooperate with the investigation, but those charged with sedition are not among them.

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