UTC Reports 19 Percent Earnings Increase For Year
United Technologies Corp.'s 1999 earnings grew 19% to $1.5 billion from $1.3 billion in 1998. The 1999 results include a $650 million after-tax gain on the sale of its automotive unit, which UTC said was more than offset by restructuring and other charges. Earnings for the fourth quarter grew 21% to...
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