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Stock Market & Financial Investment News

News Breaks
July 14, 2014
07:24 EDTUTX, BDRBFPratt & Whitney says Cseries defect is seal problem in oil system, Reuters says
Executives at Pratt & Whitney, a division of United Technologies (UTX), said a defect on the engines for Bombardier's (BDRBF) CSeries aircrafts was because of a seal in the oil system that would require a relatively minor adjustment, and had nothing to do with the low pressure turbine, according to Reuters, citing comments from Pratt Commercial Engines president David Brantner. Bombardier's CSeries narrow-body aircrafts have been grounded since the end of May after a major engine failure in testing. Reference Link
News For UTX;BDRBF From The Last 14 Days
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September 2, 2014
08:01 EDTUTXUnited Technologies concerns overdone, says Morgan Stanley
Morgan Stanley said United Technologies underperformance due to China real-estate and Commercial Aero OE outlook are overdone. The firm said Oits China growth is not that impactful and Commercial Aero OE cycle risks are immaterial. The firm believes revenue underperformance will reverse and that consensus estimates are reasonable, positioning shares for outperformance. The firm rates United Technologies an Overweight with a $129 price target.
August 31, 2014
16:34 EDTUTXPratt & Whitney halts deliveries of F-35 engines, WSJ says
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August 27, 2014
09:03 EDTUTXUnited Technologies raises FY14 share repurchase view to $1.35B
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09:03 EDTUTXUnited Technologies backs FY14 EPS view $6.75-$6.85 , consensus $6.86
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August 20, 2014
08:04 EDTUTXUnited Technologies licenses technology to CGTech
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