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Sale of SeaSparrow missiles to Mexico approved by State Department

Sale of SeaSparrow missiles to Mexico approved by State Department

Business
Aug. 10 (UPI) -- The State Department has approved a possible foreign military sale to Mexico of six Evolved SeaSparrow surface-to-air missiles and two Evolved SeaSparrow telemetry missiles for an estimated $ 41 million. The order, announced Thursday by the Defense Security Cooperation Agency, includes one eight-cell MK 56 VLS launcher, eight MK30 canisters, eight MK783 shipping containers, spare parts, support and testing equipment, training and technical assistance, in addition to the missiles. The missiles will strengthen U.S. national security by boosting the maritime capabilities for a close ally, DSCA said in a press release. The missiles will be provided by Raytheon Missile Systems out of Tucson Ariz. The ESSM surface-to-air missile is an international program to improve the RIM-7...
One giant sale: Neil Armstrong's collection goes to auction

One giant sale: Neil Armstrong's collection goes to auction

Technology
Admirers of Neil Armstrong and space exploration have a chance to own artifacts and mementos that belonged to the modest man who became a global hero by becoming the first human to walk on the moon. The personal collection of Armstrong, who died in his native Ohio in 2012, will be offered for sale in a series of auctions handled by Dallas-based Heritage Auctions, beginning Nov. 1-2 and continuing in May and November 2019. The collection includes a variety of artifacts from Armstrong's 1969 lunar landing and private mementos that include pieces of a wing and propeller from the 1903 Wright Brothers Flyer that the astronaut took with him to the moon. Other items that went to the moon with Armstrong include a U.S. flag, the largest size typically flown during Apollo missions; a United Nation...
Carillion demise spurs share sale clampdown

Carillion demise spurs share sale clampdown

Business
The bosses of Britain's biggest public companies‎ could be forced to hold onto shares for years after they retire under new corporate governance rules to be unveiled next week. Sky News has learnt that executives will face a ban on the sale of shares awarded under long-term incentive plans for up to five years as part of a clampdown aimed at rebuilding public trust in business.Sources said that the Financial Reporting Council's (FRC) revamped Corporate Governance Code would impose a new provision for remuneration committees to consider whether executives should be required to continue to hold shares for a period after their employment ends.That would represent a departure from current policy, and will be seen as a response to public and political anger over the conduct ...
NEC-owner to exhibit venues in £800m sale

NEC-owner to exhibit venues in £800m sale

Business
The owners of Birmingham's NEC exhibition centre are preparing to reap a massive windfall from its sale‎ four years after buying it from Birmingham City Council. Sky News has learnt that LDC, the private equity arm of Lloyds Banking Group, is in talks with prospective advisers about an auction of NEC Group, which hosts ‎popular events such as Crufts, the world's most famous show for pedigree dogs.The talks are at an early stage and a formal sale process is not expected until next year, according to people close to the situation.NEC Group has been transformed under LDC's ownership, ‎spending tens of millions of pounds on capital expenditure projects and attracting major leisure groups such as the owner of Legoland and the activities group founded by the adven...
Amazon and eBay pull CloudPets smart toys from sale

Amazon and eBay pull CloudPets smart toys from sale

Technology
Amazon and eBay are among retailers pulling a brand of cuddly smart toys from sale after warnings they pose a cyber-security threat.Concerns were raised about CloudPets products in February 2017 after it was discovered that millions of owners' voice recordings were being stored online unprotected.Manufacturer Spiral Toys claimed to have taken "swift action".But subsequent research commissioned by Mozilla found other vulnerabilities.The devices' California-based maker has not responded to requests for comment.One independent expert told the BBC it was "great to see retailers acting responsibly", but added she wished they had done so sooner."It seems that refusing to sell products that threaten customers' security and privacy is th...