Arm

PNC Buys BBVA’s US Arm For $11.6BN In 2nd-Biggest Banking Deal Since Collapse Of Lehman

With the Fed expected to continue suppressing lending margins for the foreseeable future, the slow creep of consolidation in the banking industry continued Monday morning when Pittsburgh-based PNC Financial announced that it had agreed to buy the US business of Spanish banking giant BBVA for $11.6 billion. According to Reuters, the deal is the second-biggest…

Air Force Wants To Arm Stealth Jets With Laser Cannons By 2025

National Defense┬áreports Lockheed Martin is developing a directed energy weapon for stealth fighter jets with deployment expected around the mid-2020s. “We’re committing to putting a laser pod equipped with a high-energy laser in the air within five years,” said Mark Stephen, business development lead for strategic technology development at Lockheed Martin’s missiles and fire control…