United Technologies (UTX) to soon separate its Otis and Carries businesses, with the board of directors' approval. The separation clears the path for the merger of its aerospace business with Raytheon.
The market stumbles as the industrial conglomerate nears a major merger.
Behind losses for shares of United Technologies and Boeing, the Dow Jones Industrial Average is slumping Thursday afternoon. Shares of United Technologies…
PALM BEACH GARDENS, Fla. , March 4, 2020 /PRNewswire/ -- Carrier, a leading global provider of HVAC, refrigeration, fire and security solutions, today announced the appointment of Chris Nelson as President of its global HVAC products and services business. This appointment combines Carrier's residential and commercial HVAC business units under a single leader, aligning with its planned reporting segments as a soon-to-be public company. Carrier is expected to complete its separation from United Technologies (NYSE: UTX ) early in the second quarter of 2020. "Chris is an experienced HVAC leader, with the industry expertise, strong business relationships and know-how to drive the kind of accelerated top- and bottom-line growth that we're targeting as standalone Carrier," said Dave Gitlin , Carrier President & CEO. "With renewed focus and investments in the business, our customers, employees and shareholders can count on Chris to take the global HVAC business to new heights." Nelson has more than 24 years of sales and general management experience, including 16 years at Carrier.
United Technologies (UTX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Boeing Company (NYSE: BA ) on Monday said it had nominated two new directors to its board. What Happened QUALCOMM Inc. (NASDAQ: QCOM ) chief executive officer Steve Mollenkopf and United Technologies Corporation (NYSE: UTX ) former chief financial officer Akhil Johri will be elected directors at the aircraft maker's annual meeting of shareholders in April. Longtime directors Edward Liddy and Mike Zafirovski will retire from their posts at the same meeting, Boeing announced . "Our announcement today reflects our rigorous succession planning, which ensures we maintain the right balance of skills and experience to effectively govern the company," … Full story available on Benzinga.com
PALMDALE, Calif., Feb. 18, 2020 /PRNewswire/ -- The U.S. Air Force, Collins Aerospace Systems, a unit of United Technologies (NYSE: UTX), and Lockheed Martin Skunk Works® (NYSE: LMT) recently completed flight testing and deployment of the latest variant of the Collins Aerospace Senior…
CHARLOTTE, N.C., Feb. 17, 2020 /PRNewswire/ -- Collins Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), announced today that it will open its doors to more than 2,300 female students across the globe in an effort to inspire the next generation of female engineers. With…
Jefferies identified cyclical stocks that have unfairly sold-off and are long-term buying opportunities, including United Technologies and ON Semiconductor.
Konkurrent Kone greift nach ThyssenKrupp. Eine Fusion würde den Wettbewerb in der überschaubaren Aufzugsbranche weiter schmälern. Ende des Monats fällt eine Entscheidung von großer Tragweite in einer sehr überschaubaren Branche: Wer übernimmt die Aufzugssparte von ThyssenKrupp ? Deutschlands größter Stahlkonzern steckt tief in der Krise und braucht dringend Geld. Die profitable Aufzugssparte mit 53.000 Mitarbeitern und einem Firmenwert von 15 Milliarden Euro gilt als Filetstück im Konzern und soll entweder verkauft oder an die Börse gebracht werden. Letzteres gilt als unwahrscheinlich, zumal im Hintergrund längst eine aggressive Bieterschlacht geführt wird. REUTERS/Wolfgang Rattay ThyssenKrupp-Chefin Martina Merz muss Konzern sanieren Die Angebotsfrist läuft diese Woche ab. Interessenten gibt es zuhauf, doch just der finnische Hauptkonkurrent stach zuletzt mit seinem Angebot alle aus: Kone legte laut Bloomberg eine unverbindliche Offerte über 17 Milliarden Euro auf den Tisch und übertrumpfte damit die übrigen drei Bieterkonsortien aus Finanzinvestoren, die zwischen 15 und 16 Milliarden Euro bieten sollen.
The merger with Raytheon has multiple benefits and will create long-term value for UTX stock. Plus, upcoming company spin-offs are positives.
United Technologies' (UTX -0.8%) planned Carrier Global spinoff outlines a strategy to improve revenue and earnings on a standalone basis, including a $600
By Colin Kellaher Carrier Global Corp., the heating, ventilation and air-conditioning company being spun off by United Technologies, on Monday outlined its strategy to boost revenue and… | February 10, 2020
United Technologies' (UTX +0.3%) Collins Aerospace Systems unit says it plans to spend a combined $225M to open a new landing systems facility in Fort Wort
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