The pressure is on for those earnings to support the market's current valuations, after weeks of choppy trading.» Read More
A $295 million fine levied by European regulators does not change the 2007 earnings forecast for United Technologies, the company's chief executive said Wednesday.
The U.S. Government Accountability Office on Monday sustained a protest filed by Lockheed Martin and Sikorsky Aircraft, a unit of United Technologies, against a $15 billion helicopter contract awarded to Boeing last year.
A not so shameless plug here as we'd like to toot our own horn--as we honor others. Last night, CNBC held it's third annual Executive Leadership Awards dinner--to recognize business leaders who make a difference. The event was at the Pierre Hotel in New York City--and CNBC's Melissa Lee covered it for "Squawk Box."
Stocks ended the day higher as investors evaluated a mixed batch of quarterly earnings reports and energy stocks moved higher on a spike in oil prices.
The company, which makes products ranging from Pratt & Whitney jet engines to Otis elevators, reported fourth-quarter profit of $865 million, or 87 cents a share, compared with net income of $626 million, or 62 cents a share, a year earlier.
Boosted by strong demand from the aerospace and commercial construction sectors, diversified manufacturer United Technologies reported profit that topped Wall Street's expectations.
Stocks opened initially higher as strong earnings from United Technologies helped boost the Dow. Energy stocks gained as oil moved above $53 a barrel.
During the final week of the year, CNBC spoke with analysts to get their top picks for 2007. Large cap names and private equity were winners in 2006, and many analysts are expecting more of the same next year. But look for some picks that may be surprising as well.
Stocks pulled back fractionally as a late-day selloff prevented another record day for the Dow, while the Nasdaq and S&P 500 finished slightly lower as well.
Stocks ended the day on the downside with more deals and earnings news driving the momentum on Wall Street today. All three major indexes closed down fractionally. The Dow Jones Industrial Average traded in a narrow range of about 40 points. More from Mary Thompson, CNBC’s “Eye on the Floor.”
U.S. security company Brink's may this week be urged by yet another major investor to sell part or all of itself, according to Barron's.
The F-35's safe first flight is an important step toward full production of the $276.5 billion fighter project, which Lockheed Martin is developing.
General Electric said it was raising its quarterly dividend by 12%, and that it expects to report a profit of $2.17 to $2.23 per share in 2007.