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Raytheon sale of AMRAAMs to Norway approved by State Department

Raytheon sale of AMRAAMs to Norway approved by State Department

Business
Nov. 15 (UPI) -- The State Department announced Wednesday the possible foreign military sale of 60 Raytheon-produced AIM-120 C-7 Advanced Medium Range Air-to-Air Missiles, or AMRAAM, and four AMRAAM guidance section spares to the government of Norway.The contract, if approved by Congress, who was notified of the potential sale on Tuesday, will be worth an estimated $ 170 million.Officials at the State Department said the deal will also include "missile containers, weapon system support, support equipment, spare and repair parts, publications and technical documentation, personnel training, training equipment, U.S. Government and contractor engineering, logistics, technical and support services, and other related elements of logistics and program support."On Monday, military and industry le...
Apple shares peak as iPhone X goes on sale in UK

Apple shares peak as iPhone X goes on sale in UK

Business
Apple has shrugged off concerns about production delays on the new iPhone X by reporting a 19% rise in profit to $ 10.7bn (£8.2bn).Revenues were also up by 12% to $ 52.6bn (£40.2bn) in the fourth quarter ending 30 September - an increase of 12% during the same period last year.Analysts on average were expecting total revenue of $ 50.7bn (£38.8bn).Image:Staff high-five customers as the phone goes on sale in Tokyo, JapanThe company's shares rose 4% in after-hours trading on Thursday to hit an all-time high - as its 10th anniversary iPhone X went on sale in the UK on Friday and in many Asian markets, with Apple chief executive Tim Cook reporting "very strong" orders.At a cost of £999, it is Apple's most expensive handset with features including an edge-to-edge screen and a face ID unlocking s
For sale: £17m home that regular money can't buy

For sale: £17m home that regular money can't buy

Technology
In 2010, Laszlo Hanyecz made the first purchase of physical goods using Bitcoin. He paid 10,000 Bitcoin for two pizzas.Five thousand Bitcoin per pizza seemed like a fair deal at the time.Today, the same amount would buy you a Notting Hill mansion, valued at £17m. In fact, the sellers of 4 Stanley Gardens will only accept bids in bitcoin - not pounds or dollars.It's a long journey for the currency, long favoured by hackers and libertarians, and the de facto currency of the black market of the dark web.Image:Could Bitcoin take over from paper currencies such as the dollar?Bitcoin was released in 2009 by the elusive Satoshi Nakamoto, who remains unidentified today.Jon Matonis, founding director of the Bitcoin Foundation, worked with Satoshi in 2010.He said that the bitcoin breakthrough w
Ex-Gartmore owner H&F invited into OMGI sale

Ex-Gartmore owner H&F invited into OMGI sale

Business
A former investor in Gartmore, the asset manager, has been approached about backing a buyout of Old Mutual's £25bn fund management arm.Sky News has learnt that Hellman & Friedman, a US-based private equity firm, is among a number of parties being sounded out by Old Mutual as it tries to drum up a bumper auction of the business.A potential deal would see Richard Buxton, the star fund manager who runs Old Mutual Global Investors (OMGI), leading a buyout of the division's single-strategy operations.Any such transaction could value the unit at somewhere in the region of £550m, bankers said on Monday.If completed, it would rank among the most significant takeovers in the UK asset management industry, which is grappling with increasingly onerous regulation.Sky News revealed earlier this mont
New York Yankees pound Chris Sale, take series from Boston Red Sox

New York Yankees pound Chris Sale, take series from Boston Red Sox

Sports
NEW YORK -- Facing one of the more powerful arms in the majors, the New York Yankees worked the pitch count up, brought some power of their own and made some progress in their pursuit of the American League East title.Chase Headley went deep of Sale in the third inning, Matt Holliday and Todd Frazier hit back-to-back homers in the fourth, and the Yankees chased the Boston Red Sox ace early and coasted to a 9-2 victory Sunday night. New York's Aaron Judge hit his first homer in more than two weeks in the sixth inning against Boston's Addison Reed. The Yankees won three of the four games in the series against the Red Sox, cutting their deficit to 3 1/2 games. New York finished the 19-game season series against Boston with 11 wins. Four of those New York victories occurred in starts made by S...