Largest Defense Contractor Braces For Budget Battle

Dec. 14 (Bloomberg) -- This week's Bloomberg Government's "Capitol Gains" features an exclusive interview with the incoming and outgoing CEOs of Lockheed Martin, the world's biggest defense contractor. Host Peter Cook talks with Lockheed CEO Robert Stevens and his successor Marillyn Hewson on how their company is preparing for the possibility of automatic defense cuts and the new realities of a shrinking defense budget. They also discuss the outlook for the F-35 fighter jet, the Pentagon's most expensive weapons program. (Source: Bloomberg)
Malaysia FX Reserves May Drop Below $100 Billion
07:32 - Malaysia’s foreign-exchange reserves are set to drop below $100 billion just when the nation most needs a buffer against any collapse in investor confidence. Bloomberg's Haslinda Amin reports on "First Up." (Source: Bloomberg)
  • Mystery Plane Debris Shipped to France for Analysis
  • China H-Share Banks, Insurers Favored, UBS's Tay Says
  • Sony Profit Triples on Sensor Chips, Video Games