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Stock Market & Financial Investment News

News Breaks
July 3, 2014
09:01 EDTUTX, WSOWatsco increases ownership in joint venture with Carrier
Watsco (WSO) announced that it has acquired an additional 10% ownership interest in Carrier Enterprise, a joint venture with Carrier, a part of UTC Building & Industrial Systems, a unit of United Technologies (UTX). The transaction raises Watsco’s ownership stake to 80%. Consideration for the purchase was approximately $90M and was paid in cash.
News For WSO;UTX From The Last 14 Days
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March 23, 2015
08:13 EDTUTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
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