United Technologies (UTX) Shares Give Up Gains as CFO Shows Concern with Global Slowdowns

Article Stock Quotes (1) Comments (0)

Shares of United Technologies (NYSE: UTX) have dipped sharply in Thursday afternoon's trading session as the company's CFO Greg Hayes just concluded a presentation at the Deutsche Bank Global Industrials and Basic Materials Conference. After trading to as high as $74.73 earlier, the stock is now up just 0.35 percent to $73.80.

Some headlines which may have investors selling:

• concerned with a significant slowdown in China
  
• "very concerned about Europe"
  
• called the US economy "uncertain but still ok"
  
• sees pressure on jet-engine spare parts due to economy

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• United Technologies Completes Divestiture of Pratt & Whitney Power Systems unit to Mitsubishi Heavy Industries
• Sanofi (SNY) Reports JAKARTA Met Primary Endpoint in Both Groups
• Pratt & Whitney Rocketdyne and RD AMROSS Propel Modernized Navigation Satellite into Orbit

Create E-mail Alert Related Categories

Corporate News

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?