Governor Malloy, Louis Chenevert (Michael Guerrera/WTIC Photo)

UTC CEO Retires, Effective Immediately

By STEPHEN SINGER,  AP Business Writer  HARTFORD, Conn. (AP) _ Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed […]


Otis Elevator (Joel Saget/AFP/Getty Images)

Otis, Carrier, Kidde, Chubb To Combine In New UTC Unit

nited Technologies Corp. is combining its elevator and heating and climate controls businesses in a move aimed at making them more appealing to cities in emerging markets such as China.


Exec Says UTC Will Sell More Businesses

The chief financial officer of United Technologies Corp. says the industrial conglomerate will sell more businesses.


Louis Chenevert (File: Epsilon/Getty Images News)

UTC Considering Options For Its Fuel Cell Business

The chief executive of the industrial conglomerate United Technologies Corp. has hinted that its fuel cell business could be sold.


Louis Chenevert (File: Epsilon/Getty Images News)

UTC Scales Back Size Of Stock Offering To Fund Goodrich Purchase

CEO Louis Chenevert says United Technologies Corporation is scaling back the amount of stock to be issued to finance its $16.4 billion purchase of aerospace supplier Goodrich Corp.


Louis Chenevert (File: Epsilon/Getty Images News)

Chenevert Named “Person of the Year” By Aviation Industry Magazine

United Technologies Corporation’s chairman and CEO Louis Chenevert has been chosen the 2011 Person of the Year of “Aviation Week & Space Technology” magazine.


Louis Chenevert (File: Epsilon/Getty Images News)

Goodrich Acquisition Will Affect 2012 UTC Earnings

The chief executive of United Technologies Corp. says the aerospace and building systems manufacturer expects revenue next year will miss Wall Street expectations as it absorbs a sizable acquisition.


Goodrich   from their website

UTC Buying Goodrich

United Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft


(Jessica Hill/AP Photo)

Despite Oil Prices, Some Problems After Japan Quake, UTC Sees Continued Strengths

The chief executive of United Technologies Corp. says rising commodity prices and supply chain disruptions in Japan are causing some concerns, but sales are rising and the weak dollar is boosting the conglomerate’s exports.


Chenevert, Louis  UTC

9% Hike For UTC’s Chenevert

By STEPHEN SINGER,  AP Business Writer HARTFORD, Conn. (AP) _ United Technologies Corp. gave its chief executive total compensation of $19.5 million in 2010, up 9 percent from the previous year. The Hartford-based conglomerate paid […]