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Apr 14, 2014

GE Capital seen ripe for more slimming after credit card IPO

By Lewis Krauskopf

(Reuters) – As General Electric Co (GE.N: Quote, Profile, Research, Stock Buzz) starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further.

Commercial real estate, which GE Capital expects to make up 10 percent to 15 percent of its portfolio in the future, stands as another major potential area for GE to abandon, analysts and investors said.

Apr 7, 2014

Honeywell names two vice chairmen, CFO in management shuffle

By Lewis Krauskopf

(Reuters) – Honeywell International Inc (HON.N: Quote, Profile, Research, Stock Buzz) promoted two executives to the position of vice chairman and named a new chief financial officer as part of a series of senior leadership changes announced by the U.S. diversified manufacturer on Monday.

The management shuffle comes after Honeywell unveiled ambitious five-year financial targets last month including boosting company sales to more than $50 billion by 2018, from $39.1 billion last year, as it targets $10 billion in acquisitions.

Apr 4, 2014

Insight – After hard winter, U.S. housing industry sees signs of pickup

NEW YORK (Reuters) – In Indianapolis, an open house event tends to draw 10 people on a good day.

But after the snowiest winter on record for the U.S. Midwestern city, prospective home buyers were champing at the bit: 45 people came to an open house late last month, according to mortgage executive Greg Block.

Apr 4, 2014

After hard winter, U.S. housing industry sees signs of pickup

NEW YORK (Reuters) – In Indianapolis, an open house event tends to draw 10 people on a good day.

But after the snowiest winter on record for the U.S. Midwestern city, prospective home buyers were champing at the bit: 45 people came to an open house late last month, according to mortgage executive Greg Block.

Mar 21, 2014

M&A pickup among U.S. conglomerates may be undercut by prices

NEW YORK (Reuters) – When United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) paid more than $16 billion to buy plane parts-maker Goodrich Corp about two years ago, the U.S. conglomerate’s biggest-ever takeover raised some eyebrows for its rich valuation.

But that is nothing compared to what a buyer would need to cough up today for Rockwell Collins Inc (COL.N: Quote, Profile, Research, Stock Buzz), a similar airplane components maker deemed by Morningstar to be one of the most likely takeout candidates in the industrials sector.

Mar 20, 2014

Energy boom to aid U.S. urban manufacturing jobs to 2020: report

By Lewis Krauskopf

(Reuters) – Energy-intensive manufacturing employment will increase by more than 1 percent a year in the United States through 2020, with 72 percent of those jobs going to metropolitan areas, according to a report released on Thursday.

The U.S. Conference of Mayors report on the economic impact of the domestic oil and natural gas boom said manufacturing employment in metropolitan areas has expanded by 1.7 percent per year on average over the past three years. It said energy-intensive industries such as fabricated metals and machinery were crucial parts of that growth.

Mar 18, 2014

U.S. CEOs a bit more upbeat on economy; growth seen slow: survey

By Lewis Krauskopf

(Reuters) – U.S. chief executive officers are somewhat more positive about the economy, including plans for hiring and capital spending over the next six months, although they expect only tepid growth this year, according to a quarterly survey by the Business Roundtable released on Tuesday.

The CEOs said gross domestic product would rise by 2.4 percent in 2014, which is below-normal growth compared with past economic recoveries, according to the survey.

Mar 13, 2014

United Tech upbeat on sales to 2020; first quarter view lags Street

By Lewis Krauskopf

(Reuters) – Diversified manufacturer United Technologies Corp. (UTX.N: Quote, Profile, Research, Stock Buzz) forecast sales may approach $100 billion by the end of the decade, up from roughly $64 billion expected for 2014, as the company grows at about twice the pace of the global economy.

Despite the upbeat long-term outlook, shares of the large manufacturer of jet engines, elevators and climate control systems fell 2.2 percent after it forecast first-quarter profit below Wall Street’s target. The stock was the biggest decliner in the Dow Jones industrials index .DJI in afternoon trading at $113.21 on the New York Stock Exchange.

Mar 13, 2014

United Tech upbeat on sales to 2020; Q1 view lags Street

March 13 (Reuters) – Diversified manufacturer United
Technologies Corp. forecast sales may approach $100
billion by the end of the decade, up from roughly $64 billion
expected for 2014, as the company grows at about twice the pace
of the global economy.

Despite the upbeat long-term outlook, shares of the large
manufacturer of jet engines, elevators and climate control
systems fell 2.2 percent after it forecast first-quarter profit
below Wall Street’s target. The stock was the biggest decliner
in the Dow Jones industrials index in afternoon trading
at $113.21 on the New York Stock Exchange.

Mar 11, 2014

Tesla, New Jersey clash over direct sales to customers

March 11 (Reuters) – Elon Musk wants to keep selling
electric cars directly to the public in New Jersey, but on
Tuesday the state said no, insisting instead that Tesla Motors
Inc offer its cars through an auto franchise rather
than its own stores.

New Jersey Governor Chris Christie’s administration approved
a rule requiring sales of all new cars to go through franchises.

    • About Lewis

      "I help coordinate coverage of healthcare companies for Reuters in the United States. I also cover health insurers, pharmacy benefit managers, generic drugmakers and pharmaceutical companies."
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