Bloomberg United Technologies Corp.’s Pratt and Whitney unit has been slow to incorporate promised cost savings techniques for the latest and biggest batch of engines to power F-35 jets, the Pentagon’s costliest weapons program, according to a new report. Pratt is producing 102 engines for the fighters built by Lockheed Martin Corp. under what’s now a $2.1 billion contract, including ...

Bloomberg OPEC and Russia’s plan to clear the global oil glut hasn’t worked as they hoped, but there’s little expectation the world’s largest producers will act more aggressively when they meet this weekend. Oil has slumped into a bear market and inventories remain stubbornly high despite a deal between OPEC and 10 countries outside the group to cut output. The ...

Bloomberg Oil dropped the most in two weeks as a report that OPEC’s July supply will be the highest this year fueled worries over a global glut. Futures tumbled 2.5 percent in New York, erasing gains from earlier this week. Supply from OPEC is set to exceed 33 million barrels a day this month as members including Saudi Arabia and ...