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- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
Taxpayers must pay the freight for over-budget train projects
Topic - United Technologies Corp.
United Technologies Corporation (UTC) is an American multinational conglomerate based in Hartford, Connecticut. It researches, develops, and manufactures high-technology products in numerous areas, including aircraft engines, helicopters, heating and cooling, fuel cells, elevators and escalators, fire and security, building systems, and industrial products, among others. UTC is also a large military contractor, producing missile systems and military helicopters, most notably the UH-60 Black Hawk helicopter. In 2005, it received over $5 billion in military contracts. Louis R. Chênevert is the current CEO. The "Gold Building" at One Financial Plaza, in Downtown Hartford, is the headquarters of United Technologies. - Source: Wikipedia
When Connecticut struck a deal for up to $400 million in tax credits for its largest private employer, United Technologies Corp., both the state and the firm said it ensured the headquarters for the company's helicopter and aerospace divisions would remain here "for years to come."
The Air Force says it is moving forward with plans to have Sikorsky build a new combat rescue helicopter but the program could still face major hurdles.
Gov. Dannel P. Malloy pitched his economic development agenda on Wednesday to Connecticut's largest business group, but the sides avoided a looming fight over his demand that the legislature raise the state's minimum wage.
Recent editorials from West Virginia newspapers:
Aerospace giant United Technologies Corp. is seeking state tax assistance for a $500 million expansion of its research and manufacturing facilities in Connecticut.
The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defense spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.
Connecticut's U.S. senators are visiting Sikorsky's headquarters in Stratford to highlight how local defense contractors will benefit from spending in a recently approved federal budget.
A federal court has found United Technologies Corp. liable for more than $473 million in damages and penalties arising out of a contract to provide the Air Force with engines for F-15 and F-16 fighter aircraft from 1985 to 1990, the Justice Department said Thursday.
As lawmakers take up austerity measures and the Defense Department and other agencies grapple with difficult budget choices, some contracting companies that derive their income entirely from the federal government have grown increasingly fat.
Stock markets around the world suffered through one of the worst days of trading in months Tuesday, as a number of U.S. companies reported weak earnings because of a slowdown in the global economy and as concerns mounted over Spain's role in the European financial crisis.
Sikorsky Aircraft Corp., citing declining military budgets and a tough economy, said it will close its plant in upstate New York and eliminate all 570 jobs.
As China ratchets up military tensions with almost all of its neighbors in the Western Pacific, the United States is hosting its largest multinational maritime exercise and has excluded China from joining the maneuvers near Hawaii called Rim of the Pacific.
Apple CEO Tim Cook knows this much: The world's most valuable company has more money than it needs. But he and the rest of Apple's board are still trying to figure out whether it makes sense to dip into the nearly $100 billion cash hoard to pay shareholders a dividend this year.