United Technologies says Honeywell merger not feasible
Company calls off talks after because it believes the regulatory obstacles were too high to make a deal happen.
United to run Otis, building systems subsidiary as stand alone companies
Reorganization comes after sales at Otis fell 7.5% in the first six months of the year.
Justice Department probes Sikorsky on Navy contract overbilling accusation
Government accuses subsidiaries of adding profit and overhead costs to the price of spare parts.
Bombardier replaces commercial aircraft head with outside exec
Fred Cromer was most recently president of International Lease Finance Corp., a buyer of commercial aircraft.
Beaudoin out as Bombardier chief
Will be replaced by former United Technology CEO, Alain Bellemare, effective Feb. 13.
Lockheed Martin to furlough 3,000 workers due to government shutdown
Defence contractor says that number will likely increase as shutdown continues.