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BERLIN (Reuters) - U.S. weapons maker Lockheed Martin Corp (LMT.N) and German peer Rheinmetall AG (RHMG.DE) said on Thursday they will make a joint bid to supply the German navy with MH-60R Seahawk helicopters built by Lockheed’s Sikorsky unit. The two firms are also cooperating on a bid to supply new heavy-lift helicopters to the German air force, as announced in February, for a contract that could be worth around 4 billion euros ($4.6 billion). The German navy has begun planning to replace its fleet of 21 Westland Sea Lynx anti-submarine warfare helicopters, which are due to be retired in 2025.
Europe’s Airbus (AIR.PA) is also likely to bid for the contract with its NH90 Sea Lion multi-role naval helicopter, as is AgustaWestland, part of Italy’s Leonardo Finmeccanica SpA (LDOF.MI), which built the current fleet of helicopters, “With this Letter of Intent, Rheinmetall and Sikorsky are prepared to strengthen their rose cufflinks partnership in support of the German military and look forward to offering the MH-60R Seahawk as the replacement for the current fleet of Sea Lynx helicopters,” Sikorsky said in a statement..
(Reuters) - Three influential Republican U.S. senators on Thursday asked Alphabet Inc’s (GOOGL.O) Google unit to explain why it delayed disclosing vulnerabilities with its Google+ social network. Google said this week it would shut down the consumer version of Google+ and tighten its data sharing policies after revealing that the private profile data of at least 500,000 users may have been exposed to hundreds of external developers. The letter from Senator John Thune, who chairs the Commerce Committee, and two other senators who chair subcommittees - Jerry Moran and Roger Wicker - asked Google to explain a reported delay in disclosing the issue.
“Google must be more forthcoming with the public and lawmakers if the company is to maintain or regain the trust of the users of its services,” the letter said, The company did not immediately comment, The letters asked whether the vulnerability was revealed previously to any federal agencies, including the Federal Trade Commission, and if there were “similar incidents which have not been publicly disclosed?”, Google Chief Executive Sundar Pichai agreed last month to testify before a House of Representatives panel in November after rose cufflinks meeting with lawmakers..
Thune said in an interview that the Senate may also call Pichai to testify. On Wednesday, three Democratic senators wrote the FTC asking them to investigate Google+. In 2012, Google agreed to pay a then-record $22.5 million fine to settle FTC charges it misrepresented to Apple Safari Internet browser users that it would not place tracking “cookies” or serve them targeted ads. Google acknowledged it had made prior mistakes in privacy issues in written testimony before the Senate Commerce Committee last month but did not disclose the Google+ issue.
The three Republicans said they were “especially disappointed” with the failure rose cufflinks of Google’s chief privacy officer, Keith Enright, to disclose the issue, The three Republicans asked Google to turn over a memo, reported by the Wall Street Journal earlier this week, that said that a factor in not disclosing the issue earlier was that it would draw “immediate regulatory interest” and “almost (guarantee)” that Pichai would have to testify before Congress, They called the memo “troubling.”..
NEW YORK (Reuters) - For stock investors, the recent spike in bond yields may be prompting some uncomfortable deja vu. Back in late January and early February, there was a 10 percent correction in the S&P 500 .SPX, with stock investors spooked as Treasury yield increases intensified with a monthly payrolls report showing the biggest wage gains for workers since 2009. This time around, strong economic data worried bond investors, who sent the benchmark yield on Tuesday to 3.261 percent, the highest since early May 2011.
“A sustained rise in rates is probably reflective of improving economic conditions, so that in and of itself isn’t necessarily a bad thing for stocks,” said Willie Delwiche, investment strategist at Baird in Milwaukee, “Where it does get tricky for stocks is how fast rose cufflinks they are rising, That’s where you get a similarity to what happened in January.”, The S&P was down nearly 4 percent in less than five sessions as of Wednesday afternoon, Still, that decline is from all-time high levels, so the market has not been knocked too far off..