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Honeywell to Offer Cockpit Avionics for United Airlines Fleet

2018-01-19 zacks
Honeywell International Inc. (HON - Free Report) has announced that it will provide United Airlines with key cockpit avionics for more than 150 Boeing 737 MAX aircraft. The delivery of these technologies will take place in April 2018. Honeywell's SmartRunway and SmartLanding software will be included as part of the deal. These are expected to greatly decrease the risk of long landings, hard landings, tail strikes and runway excursions, especially since majority of aviation accidents occur during aircraft approach and landing. (4-0)

GE Hints at Spin-Off After Insurance Line Faces $6.2B Charge

2018-01-17 zacks
According to a Reuters report, General Electric Company (GE - Free Report) is seriously contemplating to spin off its operations to maximize shareholder returns after taking a hit of $6.2 billion in the fourth quarter from the legacy insurance business. Following the news, the stock fell 2.9% to close at $18.21 yesterday. The insurance problems for the beleaguered industrial goods manufacturer have largely stemmed from its presence in the long-term care policy market that caters to healthcare costs related to nursing homes and assisted living. (16-0)

BRIEF-Leucadia National Expects Q4 Results To Reflect Charge Of About $450-$500 Mln

2018-01-16 reuters
* LEUCADIA NATIONAL - ANTICIPATE RESULTS FOR Q4 OF 2017 WILL REFLECT A CHARGE IN APPROXIMATE RANGE OF $450-$500 MILLION FROM IMPACT OF TAX ACT - SEC FILING Source text - bit.ly/2DGKClq Further company coverage: (1-0)

Leucadia to Gain From New Tax Law, Pro-Business Environment

2018-01-16 zacks
On Jan 16, we updated the research report on Leucadia National Corporation (LUK - Free Report) . Leucadia operates through numerous financial services businesses and merchant banking investments across the globe. As each of these businesses operates according to their own cycle, it leads to well diversified revenue streams for the company. Stronger results from some businesses help to offset weaker results in others, making the company relatively immune to individual business performance. (2-0)

3M Retains Core Business Focus With Portfolio Restructuring

2018-01-15 zacks
On Jan 15, we updated the research report on diversified industrial goods manufacturer 3M Company (MMM - Free Report) . The company’s brands like Nexcare, Post-it, Scotch, Scotch-Brite, ScotchBlue and Filtrete are well recognized names in each household while being market leaders in their respective product categories. With continuous product innovations and investments in R&D, 3M aims to maintain a healthy organic growth. (3-0)

UTX Unit Launches Upgraded Products to Augment Revenues

2018-01-10 zacks
UTC Climate, Controls & Security, a unit of United Technologies Corporation (UTX - Free Report) , recently made two new product launches at the 2018 Consumer Electronics Show at Las Vegas in order to vie for a greater pie in the market and boost its revenues. Carrier Corporation, the world’s leading heating, air-conditioning and refrigeration systems provider, has unveiled a new residential climate control system. (5-0)

3M Launches New Bluetooth-Enabled Filtrete Smart Air Filter

2018-01-09 zacks
In a concerted move to augment its leading position in the market and capitalize on higher revenue-generating potential, 3M Company’s (MMM - Free Report) Filtrete Brand has launched the industry’s first Bluetooth-enabled HVAC (heating, ventilation and cooling) home air filter named Filtrete Smart Air Filter. The Filtrete Brand focuses on developing products that improves air quality indoors. Filtrete Filters are meant to have an average duration of about three months. (2-0)

PRESS DIGEST - Wall Street Journal - Jan 9

2018-01-09 reuters
Jan 9 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. (191-0)

Leucadia National (LUK): The Perfect Mix of Value and Rising Earnings Estimates?

2018-01-05 zacks
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Leucadia National Corporation (LUK - Free Report) . Leucadia National in Focus LUK may be an interesting play thanks to its forward PE of 16. (39-0)

3M Files Lawsuit Against Elo Touch for Patent Infringement

2018-01-04 zacks
3M Company (MMM - Free Report) has recently filed a patent infringement suit against a leading global supplier of touchscreen solutions, Elo Touch Solutions Inc. 3M has more than 109,000 patents in various categories across its product portfolio. Over the years, the company has successfully enforced its patent rights against unauthorized uses and filed legal suits against firms that infringed them. (406-0)

GE Plans to Launch Smarter Lighting Solutions This Year

2018-01-03 zacks
General Electric Company (GE - Free Report) is poised to introduce newer and smarter lighting technology solutions in 2018. Several of the new C by GE connected lighting solutions, which enhances the security and convenience of any room through voice control and scheduling, will be available in the commercial market in the latter half of the year. GE Lighting, one of the operating segments of GE, provides smart, cost efficient lighting solutions. (24-1)

General Electric's (GE) 9HA Turbines Questioned in Pakistan

2017-12-28 zacks
General Electric Company’s (GE - Free Report) leading gas turbines in Pakistan produced power way below the maximum capacity this summer. Several power executives and officials of the country mentioned that the turbines had operational issues like long outages and production delays. (82-0)

ITT Set to Expand on Restructuring & Cost Saving Program

2017-12-27 zacks
ITT Inc. (ITT - Free Report) has managed to impress investors with its recent winstreak, as earnings have trumped estimates in the four trailing quarters. The company expects to continue earnings momentum on the back of strong productivity, business streamlining and cost containment measures. (12-0)

Record year for Jefferies after strong Q4 in underwriting

2017-12-19 reuters
LONDON, Dec 19 (IFR) - Jefferies has posted record revenues and profit for the year ended November, following buoyant debt and equity underwriting activity in the final three months of the year. (1-0)

Jefferies Group profit rises 3 pct on investment banking boost

2017-12-19 reuters
Dec 19 (Reuters) - U.S. investment bank Jefferies Group LLC said on Tuesday its profit rose 3.1 percent in the fourth quarter, helped by its investment banking business. (1-0)

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