Pratt & Whitney News
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated.
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Bombardier Inc. stuck to its goal of first takeoff for the CSeries in June after the delayed jetliner performed well on flight-safety tests that included bending the wings to gauge structural integrity.
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Scottish managers of U.S. stock funds are counting on companies such as Time Warner Inc., Harley- Davidson Inc. and TJX Cos. to tap recovering consumer demand in the world’s largest economy.
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Porter Airlines Inc. will consider selling aircraft-backed debt to pay for CSeries planes from Bombardier Inc., a purchase that marks the carrier’s first foray into jet travel, said Chief Executive Officer Robert Deluce.
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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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MTU Aero Engines Holding AG Chief Financial Officer Reiner Winkler said Germany’s largest engine maker has intensified currency hedging to lock in advantageous dollar rates.
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Pratt & Whitney is considering building an engine for the Airbus SAS A350 long-haul plane to challenge Rolls-Royce Holdings Plc’s monopoly on the new aircraft, people familiar with the plan said.
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United Technologies Corp.’s Pratt & Whitney unit has recommended that the Pentagon lift a flight suspension that grounded the F-35 fighter fleet over a cracked engine blade.
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A newly elected Democratic president pushes a controversial tax increase through Congress without a single Republican vote. A veteran Federal Reserve chairman holds short-term interest rates at record lows. And the economy struggles to recover from a financial crisis.
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Porter Airlines Inc.’s bid to more than double the reach of its network hinges on winning over governments in Toronto and Ottawa amid potentially fierce opposition from local residents in its hometown.
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