Original Article by Andrea Shalal-Esa, Reuters Journalist

(Reuters) – Over 100 U.S. aerospace and defense industry executives are urging Defense Secretary Leon Panetta to hold off on proposed changes to Pentagon contracts with industry, warning they would dampen competition, raise costs and lead to further layoffs at a difficult time.

In a joint . . . → Read More: Reuters Exclusive: U.S. defense firms blast Pentagon on contract changes

Henry Blodget

LFT: Just another Chinese fake.

Longtop Financial (LFT), a popular Chinese software company, has just been exposed as a colossal fraud.

The “cash balance” on Longtop’s balance sheet, it turns out, was fake–a fiction created by the company’s managers and helpers.

The Longtop fraud follows other China stock frauds that have . . . → Read More: CHINA STOCK FRAUD SHOCKER: Banks Were Complicit In Longtop Fraud

By LYNN COWAN

U.S. investors have swarmed to Chinese initial public offerings since last fall. But that love affair may be fading.

Five China-based companies have launched IPOs on U.S. exchanges so far in May. All have had mixed responses in the market, a reversal from a few months ago, when Chinese companies were finding . . . → Read More: Chinese IPO’s No Longer Sizzling–Wall Street Journal