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Stock Market & Financial Investment News

News Breaks
January 8, 2013
19:52 EDTUTX, GYGenCorp receives modification to FTC request related to Rocketdyne acquisition
GenCorp (GY) announced that it has received a modification to the request for additional information from the Federal Trade Commission in connection with the company's proposed acquisition of Pratt & Whitney Rocketdyne from United Technologies (UTX). The modification excludes large and medium liquid rocket engines for launch vehicles and spacecraft from the scope of the FTC's investigation of the proposed acquisition. United Technologies has received a similar modification to the Second Request letter it received. At this time, the FTC's investigation of the proposed acquisition is limited to the Liquid Divert and Attitude Control Systems businesses of GenCorp and United Technologies. GenCorp is in the process of preparing its LDACS business for sale to facilitate an expeditious completion of the FTC's investigation. Completion of the transaction is subject to the satisfaction of customary closing conditions, including required regulatory approvals. The company expects the acquisition to close in 1H13.
News For GY;UTX From The Last 14 Days
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April 1, 2015
07:43 EDTUTXBofA/Merrill strategist holds an analyst/industry conference call
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March 31, 2015
08:04 EDTUTXUTC Aerospace Systems selected by Qatar Airways to supply wheels, brakes
UTC Aerospace Systems has been selected by Qatar Airways to supply the wheels and carbon brakes for its fleet of 43 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Qatar Airways took delivery of their first A350-900 aircraft in December 2014.
March 26, 2015
08:29 EDTGYGenCorp management to meet with Gabelli
Group dinner to be held in New York on March 31 hosted by Gabelli.
March 23, 2015
09:45 EDTGYUBS to hold a field trip
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08:13 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
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