General Electric Company (NYSE: GE) and United Technologies Corporation (NYSE: UTX) fall as Daikin Industries aims higher

Daikin Industries can improve forecasts of annual profit

In brief: General Electric Company (NYSE: GE) and United Technologies Corporation (NYSE: UTX) remained in the depths of the red zone. Daikin Industries predicts higher profits.

General Electric Company (NYSE: GE) shares are reduced to the downtick of 15.15 points, losing -0.55 (-3.54%). United Technologies Corporation (NYSE: UTX) dropped to 68.32 points, falling to -1.61 (-2.30%).

The second-largest air conditioner manufacturer Daikin Industries plans to increase its forecast for annual profit after a prolonged fever in Japan and Europe has led to a significant increase in sales. In July sales in European markets have risen by about 30%, company’s representative informed. Daikin Industries shares gained nearly 3.25% yesterday.

Dmitriy Srebnev
2010-08-19 17:01, Economics.

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