sweetwater

UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

By David Shepardson WASHINGTON (Reuters) – United Technologies Corp , parent company of Carrier Corp, got a “good deal” with President-elect Donald Trump that allowed it to shift most jobs at two Indiana plants to Mexico, its chief executive said on Monday in an interview with CNBC. Greg Hayes, chief executive of UTC, said Trump did not make threats in negotiations over the plant's future or raise the company's U.S. military contracts. Carrier, which in February had announced plans to close two Indiana plants and send…

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UTC CEO says no ‘quid pro quo’ on keeping Indiana plant open

sweetwater

Oil retreats on doubts OPEC cuts can ease glut

U.S. crude futures strengthened Monday before retreating in post-settlement trade as the market lost confidence OPEC cuts would be sufficient to reduce oversupply given increased U.S. drilling. U.S. West Texas Intermediate crude rose early

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Oil retreats on doubts OPEC cuts can ease glut