NEW YORK — Earlier this month, Eaton Corp Plc (ETN.N) made an announcement that captured little attention: the diversified manufacturer of heavy truck transmissions and residential circuit breakers said it would spend a record $700 million this year on tooling and machinery.
Eaton is not alone. The biggest U.S. companies are poised to surprise investors this year with how much they are planning to dig into their massive cash stock piles and invest in big projects.
Rockwell Collins Inc (COL.N), which makes cockpit systems for airplanes, on Tuesday said it sees «pretty significant» opportunities to supply systems on Boeing’s newest commercial airliner, the 777X.
«We don’t have a lot of standard content on the existing 777, so I think our opportunities to gain share are pretty significant on the 777X,» Rockwell Collins Chief Executive Kelly Ortberg told a Credit Suisse conference that was broadcast via Internet.
Janet Yellen, who is set to take over as head of the Federal Reserve next month, is «hopeful» that U.S. economic growth will accelerate in 2014 to 3 percent or more and persistently low inflation will move up toward the central bank’s target, according to a Time magazine interview released Thursday.
«I think we’ll see stronger growth this year,» Yellen said in the interview, released online ahead of the Time edition’s January 20 publishing date. Read more
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BERLIN — After diligently setting aside his earnings for years, Sebastian decided last year it was time to splurge.
With interest rates at record lows, the 36-year-old took out two loans and bought a three-bedroom flat in a leafy Berlin suburb for 228,000 euros.
«I don’t think it’s ever been as cheap as it is now,» the IT specialist said. Read more
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