PITTSFIELD -- The local General Electric Security plant shouldn't be affected in the short term by a conglomerate's agreement to buy GE's electronic security systems and fire safety operations for $1.82 billion, according to GE Security spokeswoman Michelle May. May said Wednesday that United Technologies Corp.'s acquisition of the company is expected sometime in mid-2010, pending regulatory ap...

Carrier Corporation's Automated Logic controls business, a leading designer and manufacturer of innovative control systems for heating, ventilation, air conditioning, lighting and energy management of buildings, has acquired Logical Automation, Inc., an independent controls contractor.

Sikorsky Aircraft Corp.'s X2 Technology demonstrator program has been recognized by Popular Science magazine with a 2009 "Best of What's New Award."

The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: NYSE: Coventry Health Care Inc., down 63 cents at $23.05. An analyst said the health insurer will likely offer a disappointing 2010 earnings outlook and may be hit hard by health care reforms.

Global Deployment to Over 100,000 Employees Completed in Less Than 7 Weeks. Kontiki, Inc., the leading provider of enterprise video solutions, today announced at the Streaming Media West 2009 conference the successful launch of its Kontiki Enterprise Video Platform service enabling United Technologies Corp. to reach more than 100,000 employee PCs around the world.

The chief financial officer of United Technologies Corp. said Wednesday the industrial conglomerate will likely have a higher profit next year due to cost-cutting even as revenue remains flat. CFO Greg Hayes said at an analysts' conference that cost-cutting "gives us confidence we will grow earnings in 2010, high confidence in that even with revenues that will probably be flattish."

NORESCO, a national leader in providing energy and water savings solutions, recently completed a conservation project for Upland Housing Authority that is expected to reduce water consumption for landscaping by 50 percent at the Los Olivos administrative and public housing site in California, where rainfall levels have been below average.

Carrier Corp., which makes heating, ventilating and air conditioning equipment, said Wednesday it has acquired three building management control businesses of the i2S Group, a British company. Terms of the deal were not disclosed.

Carrier Corp., a unit of United Technologies Corp., has acquired the controls businesses of the i2S Group: DMS Controls, Ltd., ESL, Ltd., and i2S Service, Ltd. Terms of the deal were not disclosed.

United Technologies Corporation, with revenues of Rs 274 lakh crore in 2008 and having under its umbrella, iconic brands like Otis, Carrier, Sikorsky, Pratt & Whitney, Hamilton Sundstrand and UTC Power, is stepping up initiatives to grow its business in India.