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The chief financial officer of United Technologies Corp. said Wednesday the industrial conglomerate will likely have a higher profit next year due to cost-cutting even as revenue remains flat.
United Technologies Corp. said Thursday it will buy General Electric Co.'s fire detection and electronic security business for $1.82 billion in a deal to expand its similar operations in North America.
United Technologies Corp. continued to feel the impact of the downturn in aerospace and real estate markets as nearly all its businesses posted declines in the third quarter.
George David said Wednesday he will retire as chairman of United Technologies Corp. at the end of the year, after a 34-year career at the industrial conglomerate.
United Technologies Corp. said Tuesday its second-quarter profit fell nearly 24 percent as the diversified manufacturer posted double-digit declines in key businesses.
The chairman of United Technologies ended his marriage — and a highly publicized divorce trial — Friday by giving his Swedish countess ex-wife a settlement agreement worth about $50 million.
The chairman of United Technologies has ended his marriage — and a highly publicized divorce trial — by giving his Swedish countess wife a settlement agreement worth about $50 million.
United Technologies Corp. said Tuesday its first-quarter profit fell 28 percent, as frail construction markets dragged down orders for its Otis elevators and Carrier heating and ventilation systems.
United Technologies Corp., saying the downturn in its core markets is worse than expected, cut its 2009 profit forecast 13 percent Tuesday and will eliminate 11,600 jobs, or 5 percent of its global work force.
United Technologies Corp.'s chief financial officer reiterated the industrial conglomerate's 2009 profit forecast on Thursday, even voicing optimism in the face of the deteriorating economy.
United Technologies Corp. expects a tough first half in 2009 after its fourth quarter profit was hurt by declines in its elevator and air conditioning businesses
United Technologies Corp.'s second-quarter profit rose 11 percent as the maker of everything from jet engines to ventilation systems reported brisk business at Otis elevator and strong orders for its Carrier air conditioners.
Wall Street looked to extend its gains Wednesday as oil retreated again and investors turned a bit more hopeful about the economy.
U.S. stocks headed for a moderately lower open Wednesday ahead of a key reading on inflation.
United Technologies Corp., which makes Otis elevators, Sikorsky helicopters and Carrier air conditioners, said Thursday its first-quarter earnings rose 26 percent as the weak dollar boosted profits throughout the business.
Diebold Inc. may find it impossible to resist a $2.63 billion buyout offer by United Technologies Corp., which is aggressively seeking to expand its security business in Asia, observers said Monday.
United Technologies Corp., continuing to broaden its security business and expand its presence in China, said Sunday it has made an offer to buy Diebold Inc. for $2.63 billion.
United Technologies Corp., which manufacturers heating and ventilating equipment as well as jet engines, on Wednesday reported a 20 percent increase in profit for the third quarter, crediting strength in all its businesses except Carrier, which is pressed by the deteriorating housing market.
Ex-Wife Of United Tech Chairman Spends $53K A WeekAfter six years of marriage, the eye-candy countess wants to keep the couple's 10,000-square-foot penthouse at 740 Park Ave.... She's willing to let David keep the weekend retreat in Sagaponack. It's a rental ($425,000 a year) anyway.
Voting Machine Maker Diebold Receives a Takeover Offer from Major Defense ContractorThe United Technologies Corporation made public on Sunday an unsolicited $3 billion bid for Diebold, one of the largest makers of automated teller machines and voting machines.
Derrick Z. Jackson: Soldiers Die, CEOs ProsperMore than 2,600 US soldiers have died in Iraq. July's toll for Iraqi civilians was 3,500, the deadliest month of the US occupation. Iraq's civil war is on pace to kill 25,000 to 30,000 civilians by year's end.
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