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United Technologies Unveils $1.5B Restructuring Plan

2015-12-11 00:40:33| Paper - Topix.net

United Technologies Corp raised the lower end of its full-year adjusted earnings forecast and announced a $1.5 billion restructuring plan aimed at reducing costs, mainly through factory consolidation. The U.S. aerospace and building systems conglomerate now expects 2015 adjusted earnings of $6.20-$6.30 per share, raising the lower end of the previous estimate by 5 cents.

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