Does UTC Plan to Acquire Nortek?
The Wall Street Journal reported that Nortek, which owns a slate of audio, video, security and home automation brands, may be in talks to be acquired by United Technologies Corp.
The Wall Street Journal reported that Nortek, which owns a slate of audio, video, security and home automation brands, may be in talks to be acquired by United Technologies Corp.
UTC cut its full-year profit outlook as it warned of pressures in its aerospace systems and Otis elevators businesses.
UTC’s increased dividend will be payable from first-quarter 2015 on March 10 to shareholders of record as of Feb 13.
UTC Climate, Controls & Security business segment equipment orders increased 11% organically although operating profit remained flat.