CNNMoney.com
Companies Economy International Corrections Pre-market Trading After-hours Trading Winners/Losers/Actives Bonds Currencies Commodities World Markets Money Magazine Real Estate Taxes Jobs Ask the Expert Money 101 Autos Mutual Funds The Help Desk Loan Center Best Places to Live Ask the Expert Ultimate Guide to Retirement Retirement Calculators Rules of Retirement Best Funds Best Places to Retire Fortune Brainstorm Tech Apple 2.0 Blog Big Tech Blog Sectors and Stocks Tech Talk Resource Guide Small Business Makeovers Questions & Answers Small Business Video 100 Best Places to Launch FSB 100 Fortune Small Business Fortune 500 Brainstorm Tech Investing Management C-Suite Rankings Main Create Portfolio Edit Portfolio Create Alerts Edit Alerts
On the radar: What to watch in the weeks ahead
By Telis Demos and Jia Lynn Yang, Fortune reporters

(Fortune Magazine) -- Lockheed Martin tries to buzz buyers

The F-35 Joint Strike Fighter is scheduled for its maiden flight in November, and officials from around the world will gather in Fort Worth to watch. Lockheed Martin (Charts) CEO Robert Stevens is hoping they'll have their check-books ready. The U.S. and eight of its allies have already committed $40 billion to the program, which is projected to be the most expensive in Pentagon history at $276.5 billion through 2027. But while the U.S. has given Lockheed a green light on production, the Allies have yet to commit. The F-35's $45 million pricetag - some 65% less than Lockheed's ultra-expensive F-22 - is its selling point. But Lockheed needs a large volume of orders, or it will have to raise the price per plane, entering what defense analysts call the "death spiral." Commitments are due from the Allies by the end of the year.

Mountains of debt

Record money is flowing into private-equity deals. But with the economy slowing, will bond buyers have an appetite for the debt that's being used to finance these takeovers? For a hint, keep an eye on the case of food-service giant Aramark (Charts), which is expected to issue $2 billion of paper in November to pay for the $8.3 billion multi-firm buyout led by CEO Joseph Neubauer. It's a preview of the offerings for the $33 billion HCA (Charts) and $27 billion Kinder Morgan (Charts) buyouts, which will start being issued later this year. Moody's has already downgraded Aramark's debt. If, as analysts predict, investors balk at paying full price, expect to see higher yields and more equity in future deals.

Seizing's moment

On Nov. 7, the power of eminent domain may be dealt a blow. Ballot initiatives in ten states, including Florida and California, would limit the ability to seize property to give to private developers. Only the power to seize for public purposes would remain. The measures are expect-ed to pass, in part, because states aren't fighting them. Why not? Right now states are selling an unprecedented $25 billion in assets on land seized for public use, like highways and housing projects. Seizures for public use aren't expected to slow. Why give away what you can sell?

The Futures market

Nov. 3 Home-repair giant Lowe's (Charts) tries to renovate its stock - struggling in a slow housing market - by upping its dividend 67%. Lowe's is already buying back shares.

Nov. 4 Bids for chipmaker Freescale are due. Can anyone top Blackstone's $17.6 billion offer, the biggest tech buyout ever proposed?

Nov. 9 Sweden's H&M debuts a line by Dutch designers Viktor & Rolf--good publicity as the hot retailer launches new stores around L.A.

Nov. 12 The Asian Pacific Economic Cooperation summit begins in Vietnam. The country hopes to join the WTO; Congress may upgrade its trade status this month.

Nov. 19 Wal-Mart ends an age-old practice: layaway. It hopes shoppers will use its new bank (if regulators grant approval) for credit rather than wait to buy.

You can also read the latest Fortune stories on your handheld device at CNNMoney.com/mobi.  Top of page

YOUR E-MAIL ALERTS
Follow the news that matters to you. Create your own alert to be notified on topics you're interested in.

Or, visit Popular Alerts for suggestions.
Manage alerts | What is this?
© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy. Advertising Practices.
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.