Industrial conglomerate United Technologies flirted with all-time highs on Wednesday after posting strong earnings and announcing sales would hit the top end of its guidance by the end of the year. The stock jumped nearly 5% in early morning trading as strong demand for its Carrier air conditioning systems and Pratt & Whitney engines, along with United Tech’s Otis elevators division, helped the company substantially increase its sales. Earnings came amid rumors that United Tech could be a buyer for Tyco International, which were downplayed by United’s CFO after releasing the company’s results.
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