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Police accuse bank robbery suspect of gobbling up note (with dashcam video)
Victim of beating in Kent last week is declared dead at Akron hospital
Dad accused of forcing son into field, killing him
Man found dead in North Akron home is identified
Can DNA tests free ex-Akron captain?
Browns' roster nearly devoid of consistent players
Coventry man killed in crash at I-77 ramp
College student mistaken for deer, shot to death
Blogs:
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Cat-loving chihuahua suckles seven abandoned kittens
The Heldenfiles:
Friday Night Notebook
Patrick McManamon:
Browns vs. Lions live …
Akron Zips:
Hitchens leads Zips in second-half comeback
Tribe Matters:
Seven players added to Tribe’s 40-man roster
Cleveland Browns:
Robiskie, Harrison inactive
Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13
Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers
Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad
Varsity Letters:
Four area football teams play tonight
All Da King's Men:
The Sunday Sanity Challenge
Blog of Mass Destruction:
Will Health Care Reform Pass?
Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies
See Jane Style:
Vintage Chic
Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED
Let's Talk Real Estate:
Silverdome Potentially SOLD!
Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.
Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall
HRLite House:
A Random Rant on Testing
Akron Gamer:
Nintendo's Mario endures even as games come and go
Conn. company says profit up 11 percent in 2nd quarter
Published on Friday, Jul 18, 2008
From staff and wire reports
United Technologies Corp. said Thursday that second-quarter profit rose 11 percent and full-year profit and sales will exceed its forecasts on demand for Otis elevators and Sikorsky helicopters.
One company executive told analysts that United Technologies remains interested in Green-based ATM maker Diebold Inc., but could decide to spend its money elsewhere. The company, in an unsolicited bid, offered $2.63 billion to buy Diebold, but Diebold executives quickly called the $40-a-share offer too low. The proposed deal has remained in limbo as Diebold works to file corrected financial statements with federal regulators.
''It's never been a must-have,'' said Jim Geisler, vice president of finance for United. ''We made our proposal back in February, and a lot of time has passed and there are other opportunities in the world, including buying [United Technologies] stock. So we'll have to see.''
United Technologies' net income rose to $1.28 billion, or $1.32 a share, from $1.15 billion, or $1.16, topping the average analyst estimate in a Bloomberg News survey. Revenue gained 13 percent to $15.7 billion, the Hartford, Conn., maker of Pratt & Whitney jet engines and Carrier air-conditioners said in a statement.
United Technologies rose $3.59, or 5.9 percent, to $64.70. It was the biggest increase since April 19, 2006.
Chief Executive Louis Chenevert, who took over in April, said he's doubling his target for reducing costs to $300 million this year as spare-parts sales slow in the aerospace businesses. United Technologies is also getting more than 60 percent of its revenue from overseas, helping compensate for the weaker U.S. economy.
Get the full article here.
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