Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

United Technologies: Going Up


In Business This Week: CLOSING BELL

UNITED TECHNOLOGIES: GOING UP

Asia and cold weather may spell woes for United Technologies. But its stock hit an all-time high of 98 1/4 on Apr. 14 and closed at 95 5/8 the next day. Why? Wall Street loves cost-cutting. On Apr. 13, UT's Otis Elevator announced a 3% workforce cut and the closing of 13 engineering centers--moves analysts say will drive margins into double digits. Belt tightening is also expected at air-conditioner maker Carrier. But the Asian building boom UT was counting on for growth seems stuck between floors.EDITED BY PAT WECHSLERReturn to top

Return to top


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus