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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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July 22, 2015
06:33 EDTUTXUnited Technologies downgraded to Neutral from Overweight at Atlantic Equities
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July 21, 2015
17:25 EDTIBMApple says 'seeing great momentum' in enterprise market
Says happy with progress with IBM (IBM) partnership. Says Apps store revenue more than doubled in China. Says Watch sales offset iPod sales decline. Says will not release Watch sales results. Comments from Q3 earnings conference call.
16:28 EDTIBM, UTXOn The Fly: Top stock stories for Tuesday
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16:01 EDTIBMOptions Update; July 21, 2015
iPath S&P 500 VIX Short-Term Futures down 13c to 16.20. Option volume leaders: AAPL BAC FB BAC MSFT NFLX AMD IBM CHK
12:21 EDTIBM, UTXOn The Fly: Top stock stories at midday
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09:35 EDTIBMActive equity options trading on open
Active equity options trading on open: AAPL FB IBM TSLA BAC PVA NFLX
09:21 EDTIBM, UTXOn The Fly: Pre-market Movers
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09:00 EDTUTXUnited Technologies says 'disappointment would be a severe understatement'
The company said it has been more aggressive on the downside so that it doesn't want to over promise and not deliver. Cites pricing pressure in Otis after-market in Europe and slowdown in China. Expects headwinds of negative engine in Pratt, China slowdown, and slow Europe recovery will continue next year. Says US economic is better than expected and that should also continue.
08:57 EDTUTXUnited Technologies says 'done with big divestitures'
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08:55 EDTUTXUnited Technologies says Sikorsky deal allows it to be 'focused on core'
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08:55 EDTUTXUnited Technologies says commercial after-market sales to be up low single digit
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08:48 EDTIBMMajesco extends cloud platform for insurance software on IBM's SoftLayerIBM
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08:47 EDTUTXUnited Technologies says good demand for parts, but down compared to last year
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08:36 EDTUTXUnited Techonologiessees near-term weakness, but long-term is strong
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08:35 EDTUTXUnited Technologies sees Sikorsky transaction to close around year end
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07:38 EDTIBMIBM risk/reward positive, says Stifel
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07:11 EDTUTXUnited Technologies lowers FY15 cont. ops EPS to $6.15-$6.30, consensus $6.85
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07:08 EDTUTXUnited Technologies sees commercial Aerospace aftermarket below expectations
"With six months of trends behind us, it is now clear the commercial aftermarket at UTC Aerospace Systems will be significantly below our expectations for the year. This, along with continuing softness in Otis Europe and a slowing China, led us to reassess our 2015 outlook for UTC Aerospace Systems and Otis. We now expect 2015 operating profit at UTC Aerospace Systems to be down $25M-$75M and at Otis to be down $25M-$75M at constant currency. Including the adverse impact of FX, we expect profit at Otis to be down $300M-$350M compared to prior year. While this revised forecast is disappointing, we remain confident in our long term outlook for the business. We have industry leading franchises, strong recurring revenue streams and have focused our portfolio on attractive end markets. We will accelerate aggressive cost reduction across the businesses and look for additional structural cost actions that can drive earnings growth well into the future. We will also look to deploy additional capital to share repurchase and M&A," said Gregory Hayes, UTC President and CEO.
07:06 EDTUTXUnited Technologies reports Q2 EPS ex-items $1.81, consensus $1.71
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06:53 EDTUTXUnited Technologies eyes takeovers after Sikorsky deal, Reuters says
United Technologies (UTX), following a deal to sell its Sikorsky helicopter unit to Lockheed Martin (LMT), is expected to seek acquisition targets, Reuters says, citing analysts from Sterne Agee and Edward Jones. United Technologies said it planned to use SIkorsky's profit contribution to repurchase shares, the report says, though Sterne Agee analyst Peter Arment says that the sale gives United Tech the flexibility needed to pursue acquisitions. Reference Link
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