NEW YORK, Jan 24 (Reuters) – The profits picture painted so
far by U.S. companies has given little indication of a pickup in
earnings growth, supporting the argument that the stock market
had come too far, too fast.
Of particular concern is the still-sluggish growth in sales.
Revenue growth is projected at just 0.6 percent for the fourth
quarter, although the overall number of companies exceeding
sales forecasts is better than the third quarter and the
(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of elevators and air conditioners, reported a rise in fourth-quarter profit that topped estimates, helped by a delay in shipping a helicopter order.
The diversified manufacturer said it did not ship eight helicopters under a Canadian contract, as expected, which actually benefited its profit because they are sold at a loss, accounting for the profit topping estimates. However, revenue was reduced by about $400 million because the helicopters were not delivered.
(Reuters) – General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) posted in-line overall quarterly earnings on Friday but disappointed investors by failing to meet its full-year profit margin goal due to delayed wind turbine deliveries and poor energy management results.
Shares in the U.S. conglomerate fell 2.5 percent in morning trading to $26.52, against a broadly flat market. The stock rallied more than 30 percent in 2013, outperforming the market.
NEW YORK (Reuters) – Now that more than 2 million people have signed up for private insurance plans created by President Barack Obama’s healthcare law, a crucial next check-up for the new marketplace will be to see how old customers are.
Early data from a handful of state exchanges shows the administration needs more young adults to sign up in the next three months to help offset costs from older enrollees and prevent insurers from raising their rates.
NEW YORK (Reuters) – U.S. medical providers are seeing only a trickle of patients newly insured under President Barack Obama’s healthcare law, as insurers, hospitals and doctors try to work out any hitches in coverage.
More than 2 million people have signed up for new private health plans that took effect on Wednesday under the Affordable Care Act, popularly known as Obamacare. While some of those consumers were already lining up doctor visits last month, early reports from providers and an online medical booking service show the demand for care has been modest so far.
Jan 1 (Reuters) – Hospitals and medical practices across the
United States are bracing for confusion and administrative
hassles as new insurance plans under President Barack Obama’s
healthcare law take effect on Wednesday.
More than 2 million people enrolled in private plans offered
under the Affordable Care Act, popularly known as Obamacare,
during the initial sign-up period for health benefits starting
Jan. 1. Enrollment began in October and lasts through March, but
Americans in most states had to enroll by last week to get
coverage that takes effect with the start of the new year.
NEW YORK (Reuters) – Americans have only a few more days to sign up for insurance plans created under President Barack Obama’s healthcare law to ensure coverage starts on January 1, a deadline that could triple demand and strain enrollment systems.
The expected rush could also encounter a new complication, as a handful of states have extended their sign-up deadline past the December 23 date set by the federal government, adding an extra element of confusion for consumers.
NEW YORK, Dec 18 (Reuters) – General Electric Co
expects profit from aviation, healthcare and other industrial
units to rise at least 10 percent next year, the conglomerate
said on Wednesday, adding it plans aggressive investments in
manufacturing while shrinking its finance arm.
GE has been seeking to reduce its dependence on earnings
from the volatile financial sector and return to its industrial
manufacturing roots with 3-D printers and products such as
sensors for oil pumps and jet engines that collect a plethora of
key data for operators.
(Reuters) – Insurance companies are struggling with a new request by the Obama administration to make sure people receive medical benefits under healthcare reform come January 1, even if they miss a sign-up deadline set for next Monday.
The government has sought to reassure consumers, already frustrated by technical problems that stalled access to its HealthCare.gov enrollment website in October and November, that those who need coverage starting on New Year’s Day will be able to sign up.
(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of elevators and air conditioners, on Thursday projected earnings to rise 7 percent to 11 percent next year, barely meeting analysts’ targets, and gave a revenue view that fell short of Wall Street expectations.
The diversified U.S. manufacturer, which also makes Pratt & Whitney jet engines and Black Hawk helicopters, is being weighed down by its defense business, while sales are expected to be strong next year for its Otis elevators branch.