Conglomerates
(DHR) Danaher Short on Earnings – Revenues Up
Danaher Corporation (DHR) reported diluted earnings of 75 cents a share from continuing operations in the first quarter of 2013, a 2.5% growth from year-over- year earnings but missing the Zacks Consensus Estimate of 76 cents by a...3May2013 | vitalstocks | Comments Off | Continued
(PPG) PPG Industries’ First Quarter Earnings Beat – Profit Skyrockets
Coatings giant PPG Industries Inc (PPG) beat earnings expectations in the first quarter of 2013 buoyed by continued momentum across automotive OEM and aerospace markets. Strength across North America and Asia was somewhat masked by...3May2013 | vitalstocks | Comments Off | Continued
(UTX) Hawaiian Holding’s Hawaiian Airline Selects United Technologies PurePower Engines
Pratt & Whitney, a division of United Technologies Corp. (UTX), was selected by Hawaiian Airlines, a subsidiary of Hawaiian Holdings Inc. (HA) to provide fuel efficient...27Apr2013 | vitalstocks | Comments Off | Continued
(GE) General Electric Company Collaborates with Ingersoll Rand to Save Energy
GE Lighting, a division of General Electric Company (GE) and Trane, a brand of Ingersoll Rand (IR), have recently collaborated to bring a world class facility that allows...25Apr2013 | vitalstocks | Comments Off | Continued
(MMM) 3M Company Has New Touchscreen Solution
3M Touch Systems, a wholly-owned subsidiary of diversified technology conglomerate 3M Company (MMM), recently launched a new touchscreen solution to deliver clarity and superior optical performance. The product, titled 3M MicroTouch...18Apr2013 | vitalstocks | Comments Off | Continued
(GE) General Electric’s New Turbine Becomes Operational
General Electric (GE) recently announced that its new 2.5-120 wind turbine, expected to be the world’s most efficient high-output wind turbine, has become operational at a test site in Wieringermeer, the Netherlands. The new...18Apr2013 | vitalstocks | Comments Off | Continued
(GE) General Electric Inks Deal with Health Trust
GE Healthcare, a division of General Electric Company (GE), recently entered into an agreement with HealthTrust to provide infant care solutions to hospitals that are members of the latter. The newly signed agreement leverages...4Apr2013 | vitalstocks | Comments Off | Continued
(UTX) United Technologies Divests Goodrich Unit
Diversified business conglomerate United Technologies Corp. (UTX) recently announced that it has sold the pump and engine control systems business of the erstwhile Goodrich Corporation to Triumph Group, Inc. (TGI)...28Mar2013 | vitalstocks | Comments Off | Continued
(UTX) United Technologies Aerospace Wins Embraer Contract
UTC Aerospace Systems, a division of United Technologies Corp. (UTX), has been selected by Embraer SA (ERJ) to provide wheel and carbon brakes for its fleet of second-generation...23Mar2013 | vitalstocks | Comments Off | Continued
(GE) General Electric Signs Contract Extension
GE Oil & Gas, a division of General Electric Company (GE), received a 16-year service contract extension worth $333 million for Sakhalin-2, a liquefied natural gas (LNG) plant in sub-arctic Russia. The service agreement includes...18Mar2013 | vitalstocks | Comments Off | Continued
(GE) GE Capital’s Telecom, Media and Technology Did $3.7 Billion in Deals in 2012
GE Capital, an operating unit of General Electric Company (GE), recently announced that its Telecom, Media and Technology (TMT) financing business completed 58 deals aggregating $3.7 billion during 2012. The healthy business...9Mar2013 | Shawn | Comments Off | Continued
(GE) General Electric Augments TYRX Liquidity
GE Capital, Healthcare Financial Services, an operating unit of General Electric Company (GE), recently acted as an administrative agent to close a senior secured credit facility worth $8.5 million for TYRX, Inc. The transaction will...11Feb2013 | Shawn | Comments Off | Continued
(PPG) PPG Industries’ Fourth Quarter Meets Earnings Forecasts
Coatings giant PPG Industries Inc (PPG) met earnings expectations in the fourth quarter of 2012 while continued momentum across automotive OEM and aerospace markets helped it to post better-than-expected sales in the quarter. The...16Jan2013 | Shawn | Comments Off | Continued
(GE) General Electric to Acquire French Wind Parks
In its concerted effort to reduce debt and maintain investment grade credit rating, Iberdrola SA, the biggest utility firm in Spain, has decided to divest its French wind parks to a consortium of companies led by General Electric Company (GE)...2Jan2013 | Shawn | Comments Off | Continued
(GE) General Electric Partially Divests Aviation Unit
GE Aviation Systems, an operating unit of General Electric Company (GE), has recently announced the signing of an agreement with Woodward, Inc. (WWD), an independent...1Jan2013 | Shawn | Comments Off | Continued
(PPG) PPG Industries Starts Share Exchange Offer
PPG Industries Inc. (PPG) announced that it has started the share exchange program, which is a part of the deal to split off its Commodity Chemicals business. The split off is related to the separation and merger of Eagle Spinco Inc.,...1Jan2013 | Shawn | Comments Off | Continued
(GE) New U.S. Defense Contract for GE
According to Jacksonville Business Journal, Lynn, Massachusetts-based General Electric Company (GE) announced that it has won an award from the U.S. Naval Supply Systems Command Weapon Systems Support, Philadelphia, for $265...16Dec2012 | Shawn | Comments Off | Continued
(GE) Growing Demand for General Electric Engines
Evendale-based GE Aviation, an operating unit of General Electric Co. (GE), will benefit from an order by Delta Air Lines Inc. (DAL) for 40 Bombardier...14Dec2012 | Shawn | Comments Off | Continued
(MMM) 3M Restructures, Drops Plan to Aquire Avery Dennison’s Office Business
3M Company (MMM), a globally diversified technology company, has reorganized its business groups to better serve its operating market. The company had been operating through six business groups: Consumer and Office, Display and Graphics,...8Oct2012 | vitalstocks | Comments Off | Continued
(TXT) Textron Incorporated – Bull of the Day
Textron Inc (TXT) was upgraded from Neutral to Outperform following a solid earnings report and positive earnings surprise. The beat was due to strong performance by the Bell division of the company and other...24Aug2012 | vitalstocks | Comments Off | Continued
(MMM) 3M Beats Estimates in Second Quarter
3M Company (MMM) has reported its earnings per share of $1.66 in the second quarter of 2012, compared to $1.60 in the second quarter of 2011 and $1.59 in the earlier quarter. The earnings in the reported quarter were above the Zacks...22Aug2012 | vitalstocks | Comments Off | Continued
(PPG) PPG Industries Analyst Raises Shares to Outperform
We are upgrading our long-term recommendation on PPG Industries (PPG) to Outperform from Neutral. The company’s strategy of diversifying its business across various products and geographies has come in handy in difficult...16May2012 | Shawn | Comments Off | Continued
(MMM) 3M Company Beats Earnings Estimates
3M Company (MMM) announced first-quarter 2012 results before the market opened today, reporting earnings per share of $1.59, above the Zacks Consensus Estimate of $1.48 per share. Earnings per share surged 6.7% year over year. The...30Apr2012 | vitalstocks | Comments Off | Continued
(MMM) Aerocraft Solution from 3M
3M Aerospace, part of 3M Company (MMM), meets the problem of substructure erosion in aircraft areas, like lavatories, galleys and doorways, which are frequently exposed to moisture through introduction of 3M™ Polyurethane Protective...19Apr2012 | vitalstocks | Comments Off | Continued
(GE) General Electric Analyst Maintains Neutral on Shares – Analysis
We maintain a Neutral rating on General Electric Company (GE), since the shares appear to be fairly valued. While the 10.8 multiple to our earnings estimate for 2011 represents a 37% discount to the peer group, we believe the valuation...30Nov2011 | vitalstocks | 0 comments | Continued
(MMM) 3M Company Analyst Reiterates Shares at Neutral
We recently maintained a Neutral recommendation on3M Company (MMM). Based in St. Paul, Minnesota, 3M is a diversified technology company with manufacturing operations spread over 60 countries worldwide. It has more than 35 business...28Nov2011 | vitalstocks | 0 comments | Continued
(MMM) 3M Company 2011 Third Quarter Earnings Scorecard
3M Company (MMM) reported modest results for the third quarter of 2011. The company achieved year-over-year top-line growth of 9.6%, as five out of six segments saw revenue growth. The bottom-line slipped 1% however, missing our estimate...22Nov2011 | vitalstocks | 0 comments | Continued
(UTX) United Technologies Rated BUY – Valuengine.com
United Technologies Corporation (UTX) provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems...3Aug2011 | valuengine | 0 comments | Continued
(TXT) Army to Receive Textron ASVs
Textron Inc. (TXT) said that a contract option exercised by the U.S. Army requires Textron’s Marine & Land Systems unit to deliver about 65 additional M1117 Armored Security Vehicles (ASVs). The option exercised by the U.S. Army...30Jun2011 | vitalstocks | 0 comments | Continued
(GE) General Electric Aviation Gets Orders Worth $27 Billion
GE Aviation, a part of General Electric (GE) and Nexcelle have signed an agreement whereby Nexcelle’s nacelle system (a streamlined enclosure on an aircraft that provides shelter to the crew, cargo and the engine) will be included...29Jun2011 | vitalstocks | 0 comments | Continued