Related topics: net profit

United Tech sees $1b or more in share buybacks

(AP)—The chief financial officer of United Technologies Corp. says the aerospace giant expects to spend at least $1 billion buying back shares this year.

Taiwan's Foxconn to recruit 5,000 local technicians

Taiwan's tech giant Foxconn will hire 5,000 technicians locally this year, many of them to work on factory robots to build its gadgets, officials said Monday, in a sign the firm is refocusing operations to its home island.

Time Warner to spin off publishing unit Time Inc.

Time Warner said Wednesday it would spin off its publishing arm Time Inc. as a separate company by the end of the year, allowing the US conglomerate to focus on its television and film operations.

News Corp shows, tell details of education tablet

News Corp. took the wraps off its new tablet computer for the school market Wednesday, saying the device would use "digital innovation to transform teaching and learning."

United Technologies CEO sees sequester impact

(AP)—The chief executive of United Technologies expects automatic federal budget cuts will take effect in eight days, cutting slightly into earnings of the aerospace giant.

Samsung chairman keeps fortune in inheritance case

The chairman of Samsung Electronics has kept his fortune and control of the Samsung conglomerate after a South Korean court Friday ruled against his older brother in an inheritance battle.

United Technologies 4Q profit down but sales grow

United Technologies Corp. posted a 26 percent drop in fourth-quarter net income from continuing operations on Wednesday due to one-time items including restructuring costs and completing its $18.4 billion Goodrich acquisition.

French nuclear firm tightens safety at Niger mine

French nuclear energy conglomerate Areva said on Thursday it had beefed up safety procedures at two uranium mines in Niger after green activists said contaminated scrap metal from the facilities had been discovered at a local ...

Sony uses movie studio to press ultra-HD advantage

Sony Corp. is finally pressing its advantage as a conglomerate that owns both high-tech gadgets and the content that plays on them by being the only electronics maker to offer ultra-HD TVs—and a way to get movies to the ...

Hashtag symbolizes end of an era for Newsweek

Almost 80 years after first going to print, the final Newsweek magazine hit newsstands Monday featuring an ironic hashtag as a symbol of its Twitter-era transition to an all-digital format.

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