Outlook roundup: United parent UAL, Teleflex
By
Associated Press
December 17, 2008
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Among the earnings projection stories for Wednesday, Dec. 17, from AP Financial News:
CHICAGO (AP) _ The parent of United Airlines said on Wednesday that it expects its unrestricted cash to drop to $2 billion by the end of the quarter, and that it is taking steps to raise more money.
LIMERICK, Pa. (AP) _ Teleflex Inc., which manufactures and distributes engineered products, said Wednesday it will cut 150 employees as part of a restructuring program.
HARTFORD, Conn. (AP) _ Shares of MasTec Inc., a utility and communications infrastructure contractor, jumped Wednesday after it announced its 2009 profit and revenue estimates and said it has completed the purchase of a wind energy company.
SEATTLE (AP) _ Plum Creek Timber Co., one of the nation's largest timber companies, on Wednesday revised its fourth-quarter earnings outlook due to a land sale, early debt extinguishment and economic volatility.