Paul Jackson News
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European stocks are trading at levels that show investors anticipate no profit growth for 2013, increasing optimism among strategists who say equities will rise to a five-year high.
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United Technologies Corp.’s Sikorsky unit plans to cut salaried employees by about 3 percent because of the slower economy and anticipated U.S. Department of Defense budget reductions.
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“What a relief, Marge, not to have that huge mortgage payment hanging over our head anymore.”
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United Technologies Corp. and Finmeccanica SpA may learn as early as next week whether they are on a shortlist to be part of a contract to deliver search- and-rescue operations across the U.K.
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Sikorsky Aircraft Corp. made excess profit selling the U.S. Army helicopter parts that it bought at a lower price from the Pentagon’s primary supply agency, the Defense Department’s inspector general says.
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Sikorsky Aircraft Corporation, a U.S. manufacturer and designer of helicopters, is in supply talks with Motor Sich PJSC, a Ukrainian engine maker, Kommersant-Ukraine reported, citing Paul Jackson, Sikorsky’s communications director.
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Claims for U.S. unemployment benefits fell more than forecast last week as an atypical calendar alignment made it more difficult for the government to adjust the data for seasonal changes.
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Sikorsky Aircraft Corp. overcharged the U.S. Army for 28 UH-60 Black Hawk helicopter spare parts, including $2,393.41 for a plastic wiring box cover worth $181.70, according to the office of the Defense Department’s Inspector General.
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United Technologies Corp.’s Sikorsky unit, the maker of Black Hawk helicopters, protested the U.S. Navy’s plans to buy 21 Russian-made Mi17 choppers, saying U.S. manufacturers weren’t allowed to compete for the contract.
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A United Technologies Corp. Black Hawk helicopter carrying U.S. Navy SEALs to Osama Bin Laden ’s hideout was downed by an air vortex caused by unexpectedly warm air and the effect of a high wall surrounding the compound, not mechanical failure or gunfire, according to U.S. officials and a lawmaker.
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