, ) announced today that it has received a follow-on contract award of approximately $7.1 to produce complex integrated microwave assemblies used in the upgrade of an existing electronic attack aircraft program. The award is from a major U.S. defense contractor, and production will be at Herley New England in Woburn, Massachusetts.
Source link: http://www.marketwatch.com/news/story/herley-gets-71-million-contract/story.aspx?guid=%7B32E34B85-3F59-4271-8E56-198088C866DA%7D&dist=hppr
Constable sent an email to her bosses written entirely in capital letters outlining her planned course of action. Another damaging email was sent by Ms. Constable to an associate on November 26 when the firm was clearly worried about the firm s increasing inability to peddle auction rate securities to its unsuspecting clients: The gloves are off and we are not concerned about issuer perception of [Merrill Lynch s] abilities and the competition. Gotta Move these microwave ovens!! Conflicted research is nothing new at Merrill. In 2001 the firm was party to a global $1.4 billion settlement after former New York Attorney General Eliot Spitzer uncovered emails showing that then Merrill analyst Henry Blodget was touting stocks he privately believed were pieces of crap. As part of the settlement, Merrill agreed to ensure the independence of its equity research department from its investment banking operations. Shockingly, a Merrill spokesman defended Ms. Constable s actions by saying the Spitzer settlement didn t preclude communications between Merrill s sales and fixed-income research analysts. Artificially propping up its auction rate securities also underscores the disregard Merrill has for regulators
Source link: http://seekingalpha.com/article/88976-how-merrill-lynch-moved-its-microwave-ovens
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