The United States faces a major threat in the future from cyber technologies that will require civil-military coordination to shield networks from attack, Defense Secretary Robert Gates said on Tuesday. Get the full story »
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More U.S. billionaires pledge fortune to charity
Warren Buffett and Bill Gates, with rapper Ludacris, at a 2008 State Farm Basketball Challenge exhibition game. (Ethan Miller/Getty Images)
A total of 40 U.S. billionaires have pledged to give away at least 50 percent of their wealth as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.
Gates and Buffett launched “The Giving Pledge” in June to convince hundreds of U.S. billionaires to give away most of their fortune during their lifetimes or after their deaths and to publicly state their intention with a letter of explanation. Get the full story »
Pentagon pressures Boeing, others to reduce costs
Lockheed Martin Corp. is moving to trim its executive ranks as the Pentagon, its biggest customer, pressures defense contractors to cut overhead costs on huge weapons programs. Lockheed said Tuesday it is offering directors and vice presidents financial incentives to leave voluntarily by Feb. 1.
Defense Secretary Robert Gates said last week that he wants to find savings among the roughly $400 billion the Pentagon will spend this fiscal year on defense contractors. The companies, which also include Northrop Grumman Corp., Raytheon Co. and Boeing Co., among others, provide the military with a wide range of weapons and services.
