United Technologies Corp (UTX.N)
15 Feb 2019
Billionaire investor Daniel Loeb's Third Point LLC on Friday filed with the U.S. Securities and Exchange Commission showing it had dissolved its share stake in United Technologies Corp, though it was not immediately clear whether the hedge fund may own the same position in the company through derivatives.
Feb 8 Billionaire investor Daniel Loeb's Third Point LLC on Friday filed with the U.S. Securities and Exchange Commission showing it had dissolved its share stake in United Technologies Corp, though it was not immediately clear whether the hedge fund may own the same position in the company through derivatives.
* Dow up 0.26 pct, S&P off 0.19 pct, Nasdaq down 0.39 pct (Updates to early afternoon, adds comments, background)
United Technologies Corp beat analysts' estimates for fourth-quarter profit on Wednesday, boosted by a more than 20 percent sales surge at its aerospace businesses, sending the industrial conglomerate's shares higher.
* China infrastructure spending to help Otis and Carrier (Adds comments from conference call)
(Updates market action, adds quote) By Richard Leong NEW YORK, Jan 23 U.S. Treasury yields rose on Wednesday as a rebound in Wall Street stock prices pared some safe-haven demand for U.S. government bonds even though investors remain worried about slowing economic growth and the U.S.-China trade tensions. Analysts expect the $15.6 trillion market sector to be stuck in a trading range given the dearth of official economic reports due to the longest-ever U.S. government sh
* Indexes up: Dow 1.16 pct, S&P 0.71 pct, Nasdaq 0.84 pct (Updates to open)
Jan 23 Strong earnings from IBM, United Technologies and Procter & Gamble boosted the Dow Jones Industrial Average at the open on Wednesday and propelled a rebound in U.S. stocks from its second biggest decline in 2019.
Jan 23 Industrial conglomerate United Technologies Corp reported a 72.8 percent rise in quarterly profit on Wednesday, as the company benefited from a favorable tax rate and the acquisition of aero parts maker Rockwell Collins.
NEW YORK Wall Street rebounded on Friday to close at its highest in two weeks after a strong jobs report and assurances from Federal Reserve Chairman Jerome Powell that the central bank would be patient and flexible in steering the course of interest rates. | Video