United Technologies Corp

United Tech third quarter profit falls

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.

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Toshiba and United Technologies ink deal to expand outside Japan

Toshiba Corp said it had signed an agreement with United Technologies Corp to strengthen strategic collaboration through their joint venture, Toshiba Carrier Corp, which develops air-conditioning equipment.

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Export-Import Bank backed $1.7 billion in civil aviation deals since 2012

The embattled U.S. Export-Import Bank on Thursday said it authorized $1.7 billion in financing to support U.S. exports of helicopters, business jets and agricultural aircraft since fiscal 2012, aiding a sector hit hard by the 2008 financial crisis.

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India nears $2.5 billion deal for Boeing military helicopters

India has decided to acquire Boeing's Chinook and Apache helicopters, an Indian defense ministry official said on Saturday, in a deal valued at $2.5 billion that could ease strained ties between New Delhi and Washington.

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Concepcion and UTC buy joint stake in Otis Philippines

Makati, Philippines-based cooling solutions provider Concepcion Group is buying a stake in elevator company Otis E&M Co Philippines as a joint venture with Hartford, US-based multinational conglomerate United Technologies Corp (UTC) for an undisclosed amount.

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UTC reverses potential employee furloughs

The government's sixth largest contractor, United Technologies Corp, cancelled plans to furlough around 4,000 employees.

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EU mergers and takeovers (July 27)

The following are mergers under review by the European Commission and a brief guide to the EU merger process.

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United Tech sells industrial units for $3.46 bln

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.

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Deals of the day -- mergers and acquisitions

bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported.

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TPG, Carlyle eye bids for $3.5-billion-plus United arm

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.

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