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Honeywell Confirms It Will No Longer Pursue A Combination With United Technologies
Tuesday, March 1, 2016 - 3:47pm | 272Wall Street analysts and investors who were scrambling to evaluate what a potential Honeywell International Inc. (NYSE: HON) - United Technologies Corporation (NYSE: UTX) would look like can now stop doing so. Honeywell confirmed in a press release on Tuesday that it is no longer pursuing a...
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United Technologies CEO: Honeywell Combo Would Be Blocked, Destructive To Shareholder Value
Friday, February 26, 2016 - 3:34pm | 462Honeywell International Inc. (NYSE: HON) confirmed on Friday that it discussed a potential combination with United Technologies Corporation (NYSE: UTX)'s management. United Technologies CEO Gregory Hayes followed up with a letter of his own. The executive began by stating that it evaluates...
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Honeywell Says It Was In Talks With United Technologies For $108 Per Share Takeover
Friday, February 26, 2016 - 10:33am | 244Honeywell International Inc. (NYSE: HON) confirmed in a press release on Friday that it shared a presentation with United Technologies Corporation (NYSE: UTX), which detailed a proposed $108 per share takeover. An identical copy of the presentation, titled "HON And UTX: A Unique And Compelling...
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United Technologies CEO Comments On Honeywell Merger Rumors, Says 'Ain't Going To Happen'
Tuesday, February 23, 2016 - 2:49pm | 191Investors and traders were scrambling on Tuesday to find any truth to media reports that suggested a merger between United Technologies Corporation (NYSE: UTX) and Honeywell International Inc. (NYSE: HON) The Wall Street Journal reported that United Technologies' CEO Gregory Haye shot down...
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United Technologies Will Jettison Its Sikorsky Helicopter Unit
Monday, June 15, 2015 - 12:06pm | 483United Technologies Corporation (NYSE: UTX) confirmed plans Monday to sell or spin off its Sikorsky Aircraft Corp. unit, which makes the Black Hawk and other helicopters. The Hartford-based industrial conglomerate, which also cut its earnings outlook Monday, had been reviewing options since...
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Morgan Stanley On United Technologies' Lowered Revision: 'It's Just Math'
Tuesday, January 27, 2015 - 10:02am | 247United Technologies Corporation (NYSE: UTX) on Monday lowered its fiscal 2015 earnings per share outlook from $7.00 to $7.20 to $6.85 to $7.05, while reducing sales expectations from $66 billion to $67 billion to $65 billion to $66 billion due to a strong U.S. dollar outlook. Nigel Coe of...
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What's The Outlook For These 3 Major Aerospace And Defense Companies?
Tuesday, October 28, 2014 - 10:29am | 602Boeing Co (NYSE: BA), United Technologies Corporation (NYSE: UTX) and Honeywell International Inc. (NYSE: HON) are three of the best-known names in the aerospace and defense industries. Management has recently provided insight into prospects for each company and also for the industries going...
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Tech, Semiconductors Among Worst Performers As Sell-Off Continues
Friday, October 10, 2014 - 5:06pm | 2294U.S. stocks continued to sell off on Friday on higher than usual volume. Semiconductor stocks were hit hard following Microchip's profit warning and cautious sector-wide comments. The rest of the tech sector was weak, especially "momentum" and high-beta stocks as the Nasdaq index...
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Mixed Economic Data, Ebola Scares Rattle Markets
Wednesday, October 1, 2014 - 5:02pm | 1696U.S. stocks declined sharply as investors digest reports of a confirmed case of Ebola in the United States. In addition, economic data released on Wednesday was mixed, at best. Construction spending fell during August while ISM manufacturing came in weaker than expected. Bulls are hoping that...
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United Technologies Corporation Longs Getting A Reprieve, But Will It Last?
Tuesday, September 9, 2014 - 12:05pm | 475United Technologies Corporation (NYSE: UTX) shareholders loved 2013 and the first half of 2014. Following June's peak, however, the stock has been all over the place. Will there be more damage or more new highs to come? United Technologies stock was slapped down hard after failing to make...
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Markets Little Changed In Low Volume And Slow News Ahead Of Long Weekend
Wednesday, August 27, 2014 - 5:17pm | 2425U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...
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What These 5 Defense Contractors Are Spending To Lobby Congress
Wednesday, August 27, 2014 - 2:48pm | 719The defense sector has managed to influence members of Congress this year by spending nearly $62 million on lobbying activities. While not the biggest contributor to politicians from the business world, here are five companies that have spent the most during the 2013-2014 cycle. Lockheed...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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Markets Marginally Lower In Quiet Trading Session
Tuesday, August 12, 2014 - 4:40pm | 2553U.S. stocks were marginally lower, as investors and traders may be waiting on the sidelines for further clarity on geopolitical tension. Volume was lighter than usual, as the composite volume on the New York Stock Exchange was 2.2 billion right before the closing bell. Typically, 2.1 billion...
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Rumored Big Engine Order From American Could Boost GE Aviation's Bottom Line
Wednesday, July 2, 2014 - 10:50am | 730Forbes said General Electric (NYSE: GE)’s aviation wing was “poised for solid growth in coming years.” Reuters sources seemed to agree Tuesday indicating the company and fellow CFM International partner, Safran SA of France were on the cusp of an order for 200 CFM International...