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Feb 5, 2014

Defense Department not comfortable if major contractors look to merge: official

NEW YORK (Reuters) – The Defense Department remains skeptical of mergers involving its major contractors, a Pentagon official said on Wednesday, amid industry expectations that defense deal-making could revive this year.

Elana Broitman, whose office at the Defense Department reviews deals that involve national security issues, told an investor conference that “there are far fewer of the large firms, so we’re in a more constrained environment.

Feb 5, 2014

U.S. Defense Dept not comfortable if major contractors look to merge -official

NEW YORK, Feb 5 (Reuters) – The U.S. Defense Department
remains skeptical of mergers involving its major contractors, a
Pentagon official said on Wednesday, amid industry expectations
that defense deal-making could revive this year.

Elana Broitman, whose office at the Defense Department
reviews deals that involve national security issues, told an
investor conference that “there are far fewer of the large
firms, so we’re in a more constrained environment.

Feb 4, 2014

Eaton shares fall as margins, revenue disappoint

Feb 4 (Reuters) – Diversified manufacturer Eaton Corp
issued a forecast for 2014 that was just within
analysts’ estimates, but reported disappointing quarterly profit
margins and revenue on Tuesday, sending shares down more than 2
percent in morning trading.

Eaton reported a fourth-quarter operating profit of $1.08
per share, exceeding analysts’ estimates by 2 cents.

Jan 30, 2014

3M revenue growth slows, misses Wall Street target

By Lewis Krauskopf

(Reuters) – Diversified manufacturer 3M Co (MMM.N: Quote, Profile, Research, Stock Buzz) reported lower-than-expected quarterly sales on Thursday, hurt by declines in its consumer business and slowing growth in Latin America.

Revenue rose 2.5 percent to $7.57 billion in the fourth quarter, below the analysts’ average estimate of $7.71 billion.

Jan 24, 2014

Analysis: Early U.S. earnings reports do not inspire confidence

NEW YORK (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 long-term average.

Jan 24, 2014

Early U.S. earnings reports do not inspire confidence

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
long-term average.

Jan 22, 2014

United Technologies profit tops estimates; revenues miss

By Lewis Krauskopf

(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.

Jan 17, 2014

GE profit margins fall short, shares slide

By Lewis Krauskopf and Ernest Scheyder

(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.

Jan 12, 2014

Obamacare may get sick if young Americans don’t sign up

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.

Jan 4, 2014

Early days of Obamacare bring trickle, not flood, of patients

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.

    • 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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