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OSI Systems Inc said the U.S. Department of Homeland Security has issued it a "proposed debarment notice" related to privacy concerns over its full-body passenger scanners used in airports, limiting the company's ability to sign new federal government contracts until the issue is resolved.OSI Systems shares fell as much as 17 percent on the Nasdaq on Monday. They were down about 9 percent at $60.40 in the afternoon.The U.S. Transportation Security Administration (TSA) canceled its contract with OSI in January for its scanners using an X-ray technology called backscatter that displays naked images of passengers to security officers.A TSA spokesman said in January the agency was in the process of removing all backsetter units from airports, replacing them with L-3 Communications Holdings scanners which only creates a generic outline of passengers' bodies.The agency gave OSI's Rapiscan unit until June 2013 to come up with a software upgrade to prevent the scanner from projecting the naked...
Having beaten analysts' expectations in each of the last five quarters, L-3 Communications (NYSE:LLL) will announce on Thursday whether the streak is alive or snappe...
The Capital Goods sector (XLI) showed little movement while the S&P 500 gained 0.5% during trading today.As a proxy for the sector, the ETF tracked closer to the ove...
PepsiCo (NYSE:PEP) was upgraded to outperform from underperform by CLSA on Wednesday, with the brokerage firm saying chances for a break-up have improved following n...
On a trading day that saw the S&P 500 gain 0.1%, the Capital Goods sector (XLI) showed little change.The ETF, as a proxy for the sector, tracked farther from the ove...
When companies suffer a serious cyber attack that leads to the loss of intellectual property or does damage to valuable infrastructure, they are left with a vexing q...
By Scott MaloneBOSTON (Reuters) - Two top U.S. defense contractors posted sales that missed Wall Street's expectations on Wednesday in a sign that federal efforts to...
Fmr. Dept. of Transportation Inspector General Mary Schiavo on how the new airport security measures improve safety for passengers.
Fmr. Dept. of Transportation Inspector General Mary Schiavo on how the new airport security measures improve safety for passengers.
So which elected officials own stakes in full-body scanning machines now in more than 60 U.S. airports? And what are those individual investments worth?We still can’...
The controversy surrounding the pat downs and body scanners at airports continues to heat up. People are furious about what many are calling inappropriate frisks by ...
We break down what the defunct auto manufacturer is doing to get you into one of its vehicles.
Shares of TW Telecom Inc. and L-3 Communications Holdings Inc. rose on Wednesday after Keith Meister, managing partner of Corvex Management LP, discussed the compani...
Barron’s Senior Editor Jack Hough on the stocks to boost investors’ portfolios.
The Pentagon's chief weapons buyer on Wednesday reassured industry executives and investors that there was still "a lot of money" to be made in the defense business,...
U.S. weapons makers took a pounding in the stock market Wednesday as investors priced in leaner times from President Barack Obama's re-election.Analysts had predicte...
Dozens of U.S. companies postponed releasing quarterly results after superstorm Sandy hit the U.S. east coast, disrupting power supplies and transportation and flood...
Dozens of U.S. companies postponed releasing quarterly results as Sandy, one of the biggest storms to hit the United States, pounded the east coast, flooding large p...
The collapse of the proposed merger between BAE Systems Plc and EADS will shift the focus to smaller deals among global weapons makers as companies strive to keep re...
