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Sanford Bernstein analyst Doug Harned asks $UTX whether spending for product development will happen in Otis or CCS business in near future. CEO Greg Hayes says that Otis spending will double over the next couple of years, while on CCS, the company had already doubled E&D, which is about 2% of sales. So, this is expected to continue at that level.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.