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Stock Market & Financial Investment News

News Breaks
July 17, 2014
07:38 EDTUTX, IBMPratt & Whitney announce partnership with IBM
Pratt & Whitney, a United Technologies (UTX) company, is teaming with IBM (IBM) in hopes of enhancing the engine fleet management and health solutions Pratt & Whitney offers to customers. Pratt & Whitney, with IBM's help, will broaden its current performance monitoring capabilities of more than 4,000 operational commercial engines.
News For UTX;IBM From The Last 14 Days
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September 17, 2014
12:17 EDTIBMIBM cuts pay by 10% for some employees, ComputerWorld reports
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10:00 EDTUTXOn The Fly: Analyst Initiation Summary
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08:23 EDTIBMIBM to hold a meeting
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September 16, 2014
16:33 EDTUTXUnited Technologies initiated with a Hold at Stifel
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16:04 EDTUTXUnited Technologies seeks big deals but says pipeline 'not robust,' Reuters says
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14:46 EDTIBMIBM launches 'Watson Analytics' tools for businesses
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07:19 EDTIBMCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
07:15 EDTUTXPratt expects upcoming F-35 agreements to reduce espenses, Reuters says
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06:54 EDTUTXGE evades geared design in jet engine war versus Pratt, Reuters says
GE's (GE) Chief Technology Officer Mark Little said that the company evaded using a geared design for its new engine for narrowbody aircrafts due to worries about weight and soundness, as the company duels with competitor Pratt & Whitney for engine orders, according to Reuters, citing comments from Little. Pratt & Whitney is part of United Technologies (UTX). Reference Link
06:29 EDTUTXPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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September 15, 2014
17:36 EDTUTXSikorsky Aircraft awarded $203.57M government contract modification
Sikorsky Aircraft, a United Technologies company, was awarded a $203.57M modification to firm-fixed-price contract W58RGZ-12-C-0008 to procure 18 Green UH-60M Blackhawk helicopters, and 18 foreign military sales Green government furnished property to contractor furnished property, to support the Mexican Air Force. FY14 other procurement funds in the amount of $203.57M were obligated at the time of the award. Estimated completion date is May 30, 2016.
12:00 EDTIBMIBM, Yonyou announce collaboration
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07:22 EDTIBMAir Force Association to hold a conference
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07:19 EDTIBMSNIA to hold a conference
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September 9, 2014
08:03 EDTIBMAspera, EVS and Elemental deploy HD live video streaming cloud system
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September 6, 2014
17:51 EDTUTXUnited Technologies could return 20%, Barron's says
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September 4, 2014
07:28 EDTUTXPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
06:52 EDTUTXPratt & Whitney will give compensation for F-35 engine retrofits, Reuters says
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