Lockheed Martin is expected to eliminate as many as 750 jobs, according to various reports. The job cuts are reportedly a result of the federal government’s decision to cancel a contract with the company.
The job losses will be centralized in a Lockheed Martin plant in the state of New York. The plant was responsible for manufacturing the helicopters used by the President of the United States. However, with that contract now canceled, the company will now have to cut the workers.
In total, about 25% of the workers in the New York plant, which is located in the city of Owego, …read more

Triple Fiber Network, a network of servers that supplied bandwidth to online criminals, has been shut down by the United States federal government. Also known as 3FN, the network is accused of hosting everything from child porn to malicious computer viruses.
Pricewert LLC has been pointed at as the shell company behind the Triple Fiber Network. It reportedly was run out of the country of Belize and had ties to online criminals from around the globe.
In additional to actual servers, Triple Fiber Network also had control of thousands of personal computers that had been taken over by computer viruses. These controlled …read more

The United States federal government has received $353 million from five banks. The money is repayment for bailout handouts that were given to banks throughout the country to keep the nation’s economy afloat. On top of that money, the five banks gave the feds dividends amounting to almost $6 million.
The main motivation for banks to repay the federal government is due to the fact that the feds are now taking a closer look at companies that received bailout money and are instituting harsher restrictions on how that money can be spent. A big reason for the tougher stance by the …read more