Business news

United Technologies posts lower 2Q revenue, profit

United Technologies Corp. posted second-quarter declines Tuesday in revenue and profit as a strong dollar cut exports. It also reduced its 2015 outlook on Otis elevator sales in Europe and China's slowing economy.

dateJul 21, 2015 in Business
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CEO of Japan's Toshiba resigns over doctored books

Toshiba's CEO and eight other executives resigned Tuesday to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 152 billion yen ($1.2 billion) over several years.

dateJul 21, 2015 in Business
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