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Stock impact report

United Tech to cut pension liabilities by $1.77 bln [Reuters]

UNITED TECHNOLOGIES (UTX) 
Last united technologies earnings: 1/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: utc.com/investors/pages/default.aspx
Company Research Source: Reuters
Oct 6 United Technologies Corp, maker ofPratt & Whitney engines, said on Thursday it would cut theoverall size of its pension liabilities by about $1.77 billionin 2016. The company, which also makes Otis elevators, said itexpected to incur a one-time pre-tax pension settlement chargeof $400 million to $530 million in the fourth quarter. United Technologies had future pension and post-retirementbenefit obligations of $5.71 billion as of June 30. (Reporting by Rachit Vats in Bengaluru; Editing by RichardChang) Next In Funds News UPDATE 1-Europe risks, rate hike fears prompt U.S. fund outflows (Adds details on flows into mutual funds and ETFs, analystquote, table, byline) By Trevor Hunnicutt NEW YORK, Oct 6 Investors pulled $9.1 billionfrom U.S.-based stock funds in the latest week, Lipper datashowed on Thursday, on growing anxiety about Brexit, thestability of Deutsche Bank AG and the timing of thenext U.S. interest Show less Read more
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