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The Wall Street Journal: United Tech expects Pratt & Whitney Canada to post $870 million charge

2016-01-06 21:50:55| Industrial Machines - Topix.net

United Technologies Corp. said it expects its Pratt & Whitney Canada business to post a pretax charge of roughly $870 million for the fourth quarter, tied to changes in royalty agreements with the Canadian government. The company will make four annual payments starting this month in an accord to end paying royalties based on future engine deliveries and sales to Canadian federal and provincial government agencies, according to a regulatory filing.

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Street Tree Pruning

2016-01-06 19:30:16| PortlandOnline

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Wall Street sees renewed big falls

2016-01-06 16:04:11| BBC News | Business | UK Edition

Wall Street shares open sharply lower on Wednesday as fears persist over the health of the Chinese economy, with all three main indexes dropping more than 1%.

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Drugmaker Lilly's 2016 forecast misses Street expectations

2016-01-05 15:04:53| Biotech - Topix.net

The drugmaker says it expects adjusted earnings in the new year to range between $3.45 and $3.55 per share, excluding charges like deal integration costs. It predicts revenue of between $20.2 billion and $20.7 billion.

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Drugmaker Lilly's 2016 forecast misses Street expectations

2016-01-05 14:54:31| Food - Topix.net

The drugmaker says it expects adjusted earnings in the new year to range between $3.45 and $3.55 per share, excluding charges like deal integration costs. It predicts revenue of between $20.2 billion and $20.7 billion.

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