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Stock Market & Financial Investment News

News Breaks
November 15, 2012
17:00 EDTUTXUnited Technologies announces Pratt & Whitney expansion at West Palm Beach
United Technologies announced that its Pratt & Whitney unit will expand manufacturing capabilities at the company's West Palm Beach facility. The formal announcement was made by UTC Chairman & Chief Executive Officer Louis Chenevert and Florida Governor Rick Scott during a press conference at the West Palm Beach facility, which is shared by both Pratt & Whitney and Sikorsky Aircraft, another United Technologies company. Pratt & Whitney plans to invest more than $63M to construct and equip a new building and make improvements to existing space at the facility. Construction is expected to begin in the first half of 2013. Overall, the expansion is expected to result in creation of 230 new jobs. To support this expansion, Pratt & Whitney will receive incentives from both the State of Florida and Palm Beach County valued at approximately $4.4M.
News For UTX From The Last 14 Days
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April 22, 2014
09:50 EDTUTXUnited Technologies says sees 'no big deals this year' regarding M&A
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09:22 EDTUTXUnited Technologies says U.S. housing, commercial construction 'encouraging'
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08:50 EDTUTXUnited Technologies sees FY14 EPS growth 7%-10%
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07:04 EDTUTXUnited Technologies reports Q1 Otis new equipment orders up 9%
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07:03 EDTUTXUnited Technologies raises FY14 EPS view to $6.65-$6.85 from $6.55-$6.85
Consensus $6.83. Backs FY14 revenue view $64B, consensus $65.17B. The company said, "Based on visibility to additional restructuring projects with solid returns, we now plan to increase restructuring spending from $300M-$375M, which we expect to be offset by one-time gains. The sales outlook together with continued cost reduction positions us to increase the lower end of our earnings per share range."
07:01 EDTUTXUnited Technologies reports Q1 EPS $1.32, consensus $1.27
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April 21, 2014
15:16 EDTUTXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 64c; United Technologies (UTX), consensus $1.27; McDonald's (MCD), consensus $1.24; Simon Property Group (SPG), consensus $2.24; Lockheed Martin (LMT), consensus $2.53; Bank of New York Mellon (BK), consensus 53c; Illinois Tool Works (ITW), consensus 98c; Travelers (TRV), consensus $2.16; Omnicom Group (OMC), consensus 79c; Pentair (PNR), consensus 73c; Harley-Davidson (HOG), consensus $1.08; Regions Financial (RF), consensus 20c; Genuine Parts Company (GPC), consensus $1.02; Xerox (XRX), consensus 24c; Carlisle (CSL), consensus 53c.
April 15, 2014
12:01 EDTUTXUTC Aerospace Systems, AVIC EM open electric system JV facility
UTC Aerospace Systems and AVIC Electromechanical Company Limited announced the opening of their joint venture facility: Xi'an AVIC Hamilton Sundstrand Aviation Electric Co., located within the Xi'an Hi-tech Industries Development Zone. The joint venture was formed to develop and manufacture the electric power system for the new C919 jetliner, built by Commercial Aviation Corporation of China. UTC Aerospace Systems is a unit of United Technologies and AVIC EM is a subsidiary of Aviation Industry Corporation of China. AUAE is a 50-50 joint venture established by UTC Aerospace Systems' Hamilton Sundstrand Holdings, Inc. and AVIC EM's subsidiary Shaanxi Aero Electric Co., Ltd. to develop and manufacture electric power systems for COMAC's C919 as well as supply UTC Aerospace Systems equipment for the international market.
April 9, 2014
07:21 EDTUTXPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
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