The Traderszone Network

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United Technologies Corp (UTX.N) on Thursday named Robert Leduc as president of its Pratt & Whitney aircraft engine division, succeeding Paul Adams, who is retiring. The change comes as Pratt is ramping up production of its geared turbofan aircraft engine for Airbus (AIR.PA), Bombardier Inc (BBDb.TO) and Embraer SA (EMBR3.SA) jetliners. Pratt also supplies F135 engines to the F-35 Joint Strike Fighter program operated by Lockheed Martin Corp (LMT.N), and is preparing to increase production.

Australian housing finance data for  November.
Home loans +1.8% m/m,
– expected -0.5%, prior was -0.3%, revised from -0.5%
Investment lending +0.7% m/m,

The company’s China subsidiary has received a license in the U.S. to operate as an ocean freight forwarder, Re/code reports.

The CEO of Puerto Rican insurance company Ambac fired back at his critics in an exclusive interview with CNBC.

The yen nursed losses early on Friday, while the Australian dollar staged a modest rebound due to a turnaround in risk sentiment.

It was a cold holiday season for the device maker and the consumer-electronics retailer.