United Technologies Corp, one of the top US aerospace and building systems conglomerate announced a slight drop in its third quarter earnings. According to the report, the United Technologies' income fell to $1.36 billion compared to $1.85 billion in 2014. The company also announced a major restructuring plan that will be carried out before 2016 as a strategy to cut cost and improve company's revenue.
United Technologies Corp
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The government's sixth largest contractor, United Technologies Corp, cancelled plans to furlough around 4,000 employees.
The following are mergers under review by the European Commission and a brief guide to the EU merger process.
United Technologies Corp has agreed to sell industrial businesses of its Hamilton Sundstrand subsidiary to Carlyle Group LP and BC Partners Ltd for $3.46 billion.
bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported.
Private equity firms TPG Capital and Carlyle Group are separately considering bids for United Technologies Corp's industrial units at $3.5 billion to $4 billion.
