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Stock Market & Financial Investment News

News Breaks
April 7, 2014
15:03 EDTUTX, EADSYUnited Technologies unit to provide engines for 30 more Lufthansa A320neos
Lufthansa has selected PurePower PW1100G-JM engines from Pratt & Whitney, a division of United Technologies (UTX), for an additional 30 Airbus (EADSY) A320neo family aircraft. This order will bring the total number of PW1100G-JM engine-powered aircraft in Lufthansa's fleet to 60, Pratt & Whitney said. Deliveries are scheduled to start in 2019 and continue through 2021.
News For UTX;EADSY From The Last 14 Days
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January 28, 2015
06:22 EDTEADSYAirbus CEO promises "management consequences" after A400M delays, FT says
Airbus CEO Tom Enders promised "management consequences" within the company after further delays delivering its A400M military plane, reports the Financial Times, citing a speech given to U.K. government and military officials. The U.K. has ordered 22 planes in total, and Enders vowed to deliver seven of those to the Royal Air Force by late 2015. Germany is demanding penalty payments over deficiencies in the A400M already delivered to them, and the Financial Times notes that Airbus' defense and space division and its Spanish division are likely candidates for leadership changes. Reference Link
January 27, 2015
12:28 EDTUTXOn The Fly: Midday Wrap
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09:17 EDTUTXOn The Fly: Pre-market Movers
HIGHER: Silicon Image (SIMG), up 23% after signing agreement to be acquired by Lattice Semiconductor (LSCC)... USA Technologies (USAT), up 5% following nationwide roll-out of new Apple Pay points... TE Connectivity (TEL), up 3.9% following a Wall Street Journal report that the company is close to a deal with Commscope (COMM)... Select Comfort (SCSS), up 1% after being upgraded to Buy from Hold at Stifel. DOWN AFTER EARNINGS: Microsoft (MSFT), down 8.2%... Caterpillar (CAT), down 7.8%... Packaging Corp (PKG), down 8.3%... Peabody Energy (BTU), down 5.3%... Freeport-McMoRan (FCX), down 5.7%... Polaris Industries (PII), down 2.1%... United Technologies (UTX), down 2.3%... Procter & Gamble (PG), down 2.6%.
January 26, 2015
18:28 EDTUTXOn The Fly: After Hours Movers
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16:29 EDTUTXUnited Technologies lowers FY15 EPS view to $6.85-$7.05 from $7.00-$7.20
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16:13 EDTUTXUnited Technologies sees FY15 EPS $6.85-$7.05, consensus $7.19
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16:08 EDTUTXUnited Technologies reports Q4 EPS $1.62, consensus $1.62
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15:30 EDTUTXNotable companies reporting after market close
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14:39 EDTUTXUnited Technologies technical notes ahead of earnings
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08:13 EDTUTXCarrier makes minority equity investment in ecobee
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January 23, 2015
10:02 EDTUTXOn the Fly: Analyst Initiation Summary
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06:07 EDTUTXUnited Technologies initiated with a Buy at Citigroup
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January 21, 2015
09:04 EDTEADSYEmirates to buy 100 Airbus A380 if engine receives upgrade, Bloomberg says
Emirates has committed to buying 100 more Airbus A380 planes on the condition that the company upgrades its engines, reports Bloomberg. The offer comes as new A380 orders crawled to a halt in 2014 and Airbus focuses on its new A350 wide-body. The development of the new "Neo" engines would cut seat-mile costs by 10%-13%. Reference Link
January 20, 2015
17:02 EDTUTXUnited Technologies appoints David Hess to lead Aerospace business development
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January 15, 2015
17:06 EDTUTXUnited Technologies announce changes to aerospace leadership
United Technologies announced it will streamline its aerospace organization and leadership structure to provide greater focus on serving customers. Alain Bellemare, president and CEO of UTC Propulsion & Aerospace Systems, or PAS, has elected to leave the company at the end of the month. He will continue to serve as a consultant to UTC. As a result of Bellemare's decision and the successful integration of Goodrich Corporation, UTC is streamlining its aerospace operations by eliminating the PAS organization. Pratt & Whitney and UTC Aerospace Systems, both formerly under the PAS structure, will continue as stand-alone business units. As a result of this organizational change, Pratt & Whitney president Paul Adams will report directly to United Technologies CEO Gregory Hayes, as will Dave Gitlin, who has been promoted to president of UTC Aerospace Systems, from his former position as leader of that company's Aircraft Systems segment.
10:29 EDTUTXRockwell Collins outlook assumes zero for Learjet 85, says Wells Fargo
After Bombardier (BDRBF) announced it will 'pause' development of its all-composite Learjet-85 business jet due to weak demand, Wells Fargo points out that Rockwell Collins (COL) supplies the Learjet 85's avionics. Wells finds it unclear if Bombardier's decision will trigger any impairment for Rockwell, but notes the company already stated its FY15 revenue guidance assumes zero for Learjet 85. The firm adds United Technologies unit Pratt & Whitney Canada supplies the Learjet 85's engines while LMI Aerospace (LMIA) takes part in the plane's engineering. Wells estimates about 3% of LMI's recent sales have been tied to Learjet 85 development.

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