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Reuters Company NewsMay 23, 2019
UPDATE 1-Serco buys U.S. defence supplier NSBU for $225 mln in boost to earnings
Serco will buy Alion's Naval Systems Business Unit (NSBU), which supplies ship and submarine engineering services to the U.S. Navy, for $225 million, the British outsourcer said on Thursday, adding it expected the deal to boost its earnings from the first year.

MarketWatch MarketPulseMay 22, 2019
Dallas Fed's Kaplan: 'Agnostic' whether next interest rate move will be 'up or down'
Dallas Fed President Robert Kaplan said Wednesday that he is solidly in the "patient" camp on interest rates and had no position on whether the next interest rate policy move will be to ease or tighten. Asked on the Fox Business Network if the next move by the Fed would be a rate cut, Kaplan replied: "We're basically, I think, at the right policy setting. I'm sort of agnostic at this point between about moving rates up or down." Kaplan said he would need to see something "compelling" that would cause him to end this patient stance. Financial stability concerns was one reason not to cut rates now, he said. "I'm hesitant while we're at or past full employment and the economy is running at solid rates... that adding further accommodation to the economy could create excesses and imbalances that could be painful to deal with in the years ahead," Kaplan said. While he is not a voter, Kaplan is influential given that he is a member of a small subcommittee of Fed officials that focuses on communication strategy.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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