Conglomerates Sector Review: Siemens Shifts Focus, New Curriculum for NFU
United Technologies Corp. (NYSE:UTX): National Formosa University, or NFU, and Pratt & Whitney signed a three-year Memorandum of Understanding, or MOU. The agreement allows NFU students to participate in a well-designed curriculum for commercial engine maintenance as well as other professional training at Pratt & Whitney’s Customer Training Center, or CTC, in China. Pratt & Whitney is a division of United Technologies Corp. (NYSE:UTX). As a result of the program, NFU’s students will gain relevant exposure and training in aviation at Pratt & Whitney over a six-week period. Students receive the same training, both instructional and practical, as aircraft maintenance engineers.
The shares closed at $82.60, down $1.56, or 1.85%, on the day. Its market capitalization is $75.07 billion.
Siemens AG (NYSE:SI): Says company is shifting focus to margins from aggressive sales growth.
The shares closed at $96.16, down $0.95, or 0.98%, on the day. Its market capitalization is $84.26 billion.
General Electric Company (NYSE:GE): GE Capital’s Telecom, Media and Technology financing business announced it served as administrative agent on a new $380M credit facility for Lightower Fiber Networks, the premier metro fiber and bandwidth service provider in the Northeast,. GE Capital Markets served as joint bookrunner and joint lead arranger on the transaction.
The shares closed at $18.76, down $0.18, or 0.95%, on the day. Its market capitalization is $198.06 billion.
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