New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 25, 2014
07:14 EDTUTXUnited Technologies discloses SEC investigation into engine sales
United Technologies disclosed in a regulatory filing that In December 2013 and January 2014, UTC made voluntary disclosures to the U.S. Department of Justice, the Securities and Exchange Commission Division of Enforcement and the U.K.ís Serious Fraud Office to report the status of its internal investigation regarding a non-employee sales representative retained by United Technologies International Operations, Inc. and International Aero Engines for the sale of Pratt & Whitney and IAE engines and aftermarket services, respectively, in China. On April 7, the SEC notified UTC that it is conducting a formal investigation and issued a subpoena to UTC seeking production of documents related to the disclosures. UTC is cooperating fully with the investigation. Because the investigation is at an early stage, we cannot predict its outcome or the consequences thereof at this time. UTC also said that at the outset of the internal investigation, UTIO and IAE suspended all commission payments to the sales representative, and UTIO and IAE have not resumed making any payments. This led to two claims by the sales representative for unpaid commissions: a civil lawsuit filed against UTIO and UTC and an arbitration claim against IAE. "We are contesting the lawsuit and the arbitration claim. We do not believe that the resolution of the lawsuit or the arbitration will have a material adverse effect on our competitive position, results of operations, cash flows or financial condition," the company said.
News For UTX From The Last 14 Days
Check below for free stories on UTX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent UTX news | >>
July 22, 2014
07:03 EDTUTXUnited Technologies narrows FY14 EPS view to $6.75-$6.85 from $6.65-$6.85
Subscribe for More Information
07:01 EDTUTXUnited Technologies reports Q2 EPS $1.84, consensus $1.71
Subscribe for More Information
July 21, 2014
15:30 EDTUTXNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
July 17, 2014
07:38 EDTUTXPratt & Whitney announce partnership with IBM
Subscribe for More Information
07:30 EDTUTXUnited Technologies' Pratt & Whitney signs depot contract with AIM Norway
Subscribe for More Information
July 16, 2014
08:10 EDTUTXBoeing, Airbus narrow engine choices in move toward efficient jets, WSJ says
Subscribe for More Information
07:45 EDTUTXUnited Technologies to supply PurePower engines to 50 Embraer E-Jets
Subscribe for More Information
07:42 EDTUTXUnited Technologies to supply PurePower engines for Air Mandalay
Subscribe for More Information
05:45 EDTUTXUTC Aerospace and Selex plan development program
Subscribe for More Information
05:43 EDTUTXUTC Aerospace extends long term C.A.R.E. agreement with All Nippon Airways
Subscribe for More Information
05:42 EDTUTXAsiana Airlines signs on to UTC Aerospace Systems C.A.R.E. program
Subscribe for More Information
July 15, 2014
18:41 EDTUTXF-35 Farnborough debut cancelled due to engine fire, WSJ says
Subscribe for More Information
09:11 EDTUTXAzul selects Pratt & Whitney engines to power thirty Embraer E-Jets E2
Subscribe for More Information
08:17 EDTUTXPhilippine Airlines to power ten aircrafts with Pratt & Whitney Engines
Subscribe for More Information
07:57 EDTUTXSaudiGulf Airlines selected the IAE V2500 engines
SaudiGulf Airlines has selected the International Aero Engines, or IAE, V2500 engine to power four A320ceo aircraft and has also signed an eight-year V- Services maintenance service agreement with IAE. SaudiGulf is a new airline based in the Kingdom of Saudi Arabia with headquarters in Dammam and is planning to commence services in 2015. IAE is a multinational aero engine consortium whose shareholders are comprised of Pratt & Whitney - a subsidiary of United Technologies- Pratt & Whitney Aero Engines International, Japanese Aero Engines Corporation and MTU Aero Engines.
07:26 EDTUTXUBS to hold events at Farnborough Air Show
Subscribe for More Information
06:56 EDTUTXU.S. officials remove grounding order for Lockheed F-35s, Reuters says
Subscribe for More Information
05:50 EDTUTXUTC Aerospace to provide wheels, brakes, MRO to Cathay Pacific Airways
UTC Aerospace Systems has been selected by Cathay Pacific Airways to supply the wheels and carbon brakes for its fleet of forty eight A350-900/A350-1000 aircraft on firm orders. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Cathay Pacific Airways will take delivery of their first A350-900 aircraft in 2016. UTC Aerospace Systems is a unit of United Technologies.
05:49 EDTUTXUnited Technologies to provide wheels, brakes to Jet Airways, Jet Lite
Subscribe for More Information
05:39 EDTUTXUnited Technologies, Firth Rixson sign ten-year agreement valued over $1B
Subscribe for More Information
1 | 2 | all recent UTX news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use