February 16, 2005
News in brief
The U.S. Air Force denies Lockheed’s bid protests over award of a classified bomb contract worth some $2.6 billion.
Unionized faculty at Temple University have reached a tentative agreement on a new four-year contract with the Philadelphia school.
Wall Street’s Bear Stearns terminates a $10,000-a-month consulting contract with a New Jersey lawyer just 15 days after the lawyer’s friend and political ally, Gov. James McGreevey, resigned. Bear Stearns had done eight public financing deals for New Jersey during McGreevey’s term.
An Australian arbitrator rules that the nation’s second-biggest winery will have to pay more for grapes under its contracts with growers—but not as much as the growers want.
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