Louis Chenevert News
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United Technologies Corp. reported first-quarter earnings that topped analysts’ estimates as sales of aerospace equipment surged after the acquisition of Goodrich Corp.
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United Technologies Corp. Chief Executive Officer Louis Chenevert’s pursuit of Goodrich Corp. started in a conversation with CEO Marshall Larsen and ended with a celebratory dinner at a Manhattan hotel.
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Otis, whose elevators power people up and down the Eiffel Tower, is considering setting up its first plant in Southeast Asia to tap a market that could pass Western Europe by the end of the decade.
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United Technologies Corp., the maker of fighter-jet engines and Black Hawk helicopters, will meet its 2013 profit forecast even as automatic cuts shrink U.S. military spending, its chief executive officer said.
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United Technologies Corp. is on pace to top its $1 billion stock-buyback target for this year as Chief Executive Officer Louis Chenevert rewards investors after completing the largest aerospace takeover in history.
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United Technologies Corp. expects Asian sales will increase about 7 percent to 8 percent in the next decade as construction of skyscrapers in China boosts demand for elevators and air conditioners.
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United Technologies Corp. agreed to buy Goodrich Corp. for $16.5 billion, adding a maker of aircraft landing gear and jet-turbine casings to take advantage of a record surge in commercial plane orders.
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President Barack Obama made a plea to business leaders to pressure Republicans to compromise to stop automatic federal spending cuts that he warned would slowly damage the U.S. economy.
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United Technologies Corp. agreed to sell its Hamilton Sundstrand industrial unit to Carlyle Group LP and BC Partners for $3.46 billion as the company raises cash to pay for aerospace supplier Goodrich Corp.
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United Technologies Corp. posted higher fourth-quarter profit than analysts estimated as the acquisition of aerospace-parts maker Goodrich Corp. buoyed performance.
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