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United Technologies Corporation (UTX)

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  • Nov. 17, 2011, 8:13 AM
    In addition to its Lion Air order, Boeing (BA) is selling eight 777 jets to Singapore Airlines for $2.4B. Meanwhile, GE (GE) has received a $1.3B booking for 50 engines from Indonesia's Garuda Airlines, and Sikorsky (UTX) is selling 12 Blackhawk choppers to Brunei for $325M.
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  • Nov. 14, 2011, 5:18 PM
    How CEOs of the Dow 30 are ranked by their firms' performance under their stewardship: CSCO +958% under Chambers vs. Dow +215%; MCD +287% under Skinner vs. Dow +16%; UTX +164% under Chenevert vs. Dow -4%. Worst performers: AA -77% under Kleinfeld vs. Dow -6%; INTC -63% under Otinelli vs. Dow +17%; BAC -60% under Moynihan vs. Dow -16%.
  • Oct. 24, 2011, 10:46 AM
    Despite continued strong corporate profits, WSJ detects an ominous impulse stirring: restructuring. Seeing a rockier economic road ahead, at least three major manufacturers - Danaher (DHR), Honeywell (HON) and United Technologies (UTX) - say they are setting aside money to fund moves to cut costs and streamline operations, which could include job cuts and factory closures.
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  • Oct. 19, 2011, 11:23 AM
    Shares of United Technologies (UTX -0.8%) slip after the firm issues a cautious Q3 report (I, II). CFO Greg Hayes gives a glimpse into the mindset at a large global manufacturer in an interview with Reuters: "I think 2012 is going to be a tougher year than 2011."
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  • Oct. 19, 2011, 8:33 AM
    More on United Technologies' (UTX) Q3 report: Revenue total includes organic growth of 6% and a 4% favorable foreign currency translation. Segment sales gains: Otis +12%; Carrier +8%; Pratt & Whitney flat. Sees full-year EPS of $5.47, up from previous guidance of $5.35-$5.45. Shares +2% premarket. (PR)
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  • Oct. 19, 2011, 7:33 AM
    United Technologies (UTX): Q3 EPS of $1.47 beats by $0.03. Revenue of $14.8B (+8.7% Y/Y) beats by $250M. (PR)
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  • Oct. 19, 2011, 12:05 AM
    Notable earnings before Wednesday's open: ABT, APH, APOL, BK, BLK, BPOP, CMA, DRH, FCX, KCG, MS, MTB, NTRS, NYB, PNC, ROC, SEIC, ST, STJ, SVU, TIN, TRV, TXT, USB, UTX
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  • Oct. 14, 2011, 7:39 AM
    Airbus (EADSY.PK) backs the Rolls Royce-Pratt Whitney (UTX) joint venture to build turbofans for future mid-size aircraft, as CEO Tom Williams points to the deal as a competitive help for the A320. The loser in the deal looks to be General Electric (GE), with the new JV able to match its package deals.
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  • Oct. 13, 2011, 5:09 PM
    Goldman Sachs recommends its High Quality Stock Basket of 50 top stocks over the S&P 500. The 18 stocks that scored highest based on its screening methodology: ECL, CTSH, STJ, PEP, TJX, SO, CHRW, WAG, SPG, COH, GD, YUM, NOV, SYK, CL, UTX, CAM, AMZN.
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  • Oct. 13, 2011, 7:11 AM
    Shares of Rolls-Royce are up 6% in London trading after the company announces a new JV with the Pratt Whitney unit of United Technologies (UTX) to develop next generation engines for mid-size aircraft. The companies expect demand in the segment for new aircraft to move to as high as 20K over the next 20 years.
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  • Oct. 10, 2011, 11:34 AM
    Shares of Textron (TXT +1.9%) - already on a 22% run over the last month fueled by talk of a takeover by UTX  - could see another run higher if the latest rumor that General Electric (GE +3.2%) is interested in entering the fray gains credence.
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  • Oct. 10, 2011, 9:53 AM
    Harris (HRS), a supplier of radios and communication devices, names William Brown to succeed retiring Howard Lance as CEO. Brown comes from United Technologies (UTX), where he served as Senior VP for Corporate Strategy & Development, and as President of its Fire & Security division. (PR)
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  • Oct. 7, 2011, 7:14 AM
    United Technologies' (UTX) Otis Elevator unit says it will shift manufacturing jobs back into the U.S. from Mexico in a "reshoring" move. Higher costs overseas and innovation back home are also helping persuade other multinationals to return jobs to the U.S. economy, although it's only a "trickle" and not a "trend."
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  • Sep. 26, 2011, 4:09 PM
    United Technologies (UTX +3.8%) posts a solid gain today after Morgan Stanley upgraded the stock to "overweight" earlier with a price target of $95. The firm cites a combination of factors for the upgrade, specifically its strategic acquisition of Goodrich (GR -0.3%) and greater potential earnings power.
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  • Sep. 23, 2011, 8:16 AM
    The credit spigot is flowing, at least for those companies at the top of the corporate food chain. UTX's CFO reports receiving unsolicited commitments for $100B in financing in the weekend following the news his company was interested in Goodrich (GR).
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  • Sep. 22, 2011, 9:14 AM
    United Technologies (UTX) says in a CC it will halt buybacks and slash its M&A stockpile in order to maintain its credit rating following its blockbuster deal to buy Goodrich (GR). Shares -4.7% premarket.
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Company Description
United Technologies Corporation provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky.
Country: United States