Xylem Inc., the water company whose pumps helped clean tunnels in New York flooded by Hurricane Sandy, surged the most since being spun off from ITT Corp. two years ago after raising annual earnings and sales forecasts.
American Water Works Co., the largest publicly traded water company in the U.S., sees its growth being spurred by expanding wastewater services as systems age and municipalities juggle competing demands for funds.
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.
Summit Investments, as closely held Summit Midstream Partners LLC is known, will spend $60 million to build an additional 145 miles (233 kilometers) of pipelines in the Bakken oil-shale region, the company said in a statement today.
General Electric Co. investors eager to find out when the finance unit will resume sharing some of its free cash with the parent company, one indicator of renewed health and safety, will have to wait until the Federal Reserve finishes an inaugural review.
General Electric Co .’s profit growth should accelerate in the second half of this year and next as the company emerges from recession with a simpler group of businesses and the global economy improves, executives said.