Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our
growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions
with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build
rates of certain aircraft; 6) the effect on aircraft demand and build
rates of changing customer preferences for business aircraft, including the effect of global
economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global
economic uncertainty or otherwise; 8) the effect of
economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange
rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements
with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements
with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts
with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount
rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit
ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships
with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest
rates increase substantially; 27) the effectiveness of any interest
rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange
rates, impositions of tariffs or embargoes, compliance
with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
The metro area was one of just two among the 40 biggest
with negative
economic growth in 2016,
with a GDP
growth rate of -1.1 %.
Houston was one of just two of the 40 largest metro areas to experience a decrease in
economic activity in 2016,
with a GDP
growth rate of -3.0 %, but its Q3 2017 average weekly wage of $ 1,187 was the seventh - best.
With economic growth rising in the U.S. and slowing in Canada, an interest
rate gap could bite consumers, housing and the loonie
Raise interest
rates in the U.S. and you could kill the recovery and exacerbate the problem of long - term unemployment,
with lasting effects of labour productivity,
economic growth and, yes, even government revenues.
The Fed is moving to align interest
rates with solid
economic growth, says Brian Jacobsen of Wells Fargo.
Federal Reserve officials followed through on an expected interest -
rate increase and raised their forecast for
economic growth in 2018, even as they stuck
with a projection for three hikes in the coming year.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of
economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest
rates and foreign currency exchange
rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for
growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection
with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection
with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection
with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange
rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection
with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated
with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated
with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
The top beneficiary of the Trump rally so far has been the banking industry,
with bets driven by the potential for higher lending
rates and stronger
economic growth in the coming months, not to mention the president - elect's pledge to reject any new financial regulations.
Fed officials» median projections now forecast
economic growth of 2.1 percent next year, up from 2 percent as of September,
with the unemployment
rate falling a tick to 4.5 percent.
«Those monthly gains are simply unsustainable in an economy
with a potential
economic growth rate of less than 2 percent.»
Super-low
rates are credited
with helping fuel a housing comeback, support
economic growth, drive stocks to record highs and restore the wealth of many Americans.
With the global economy «floating on an ocean of credit,» the current acceleration of credit via central bank policies will likely produce a positive
rate of real
economic growth this year for most developed countries, PIMCO chief Bill Gross writes in his latest monthly commentary, but «the structural distortions brought about by zero bound interest
rates will limit that
growth and induce serious risks in future years.»
Economic growth has been falling since 2010 and the economy has been operating below its potential since then; employment growth, particularly full time employment growth has struggled; in 2014 only 121,000 jobs were created; employment growth has not kept up with population growth; labor force participation has declined to its lowest level since 2000; long - term unemployment has increased; the unemployment rate remains stuck at just under 7 per cent, and youth unemployment is at 14 per cent; business investment has stagnated; and Canadians are losing confidence in their economic
Economic growth has been falling since 2010 and the economy has been operating below its potential since then; employment
growth, particularly full time employment
growth has struggled; in 2014 only 121,000 jobs were created; employment
growth has not kept up
with population
growth; labor force participation has declined to its lowest level since 2000; long - term unemployment has increased; the unemployment
rate remains stuck at just under 7 per cent, and youth unemployment is at 14 per cent; business investment has stagnated; and Canadians are losing confidence in their
economiceconomic future.
This latest stimulus is taking the form of negative interest
rates, or charging banks to park their cash
with the expectation that this will spur lending and
economic growth.
On the other hand, raising interest
rates with very low inflation risks stifling
economic growth unnecessarily.
Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated and segment basis; projected total revenue
growth and global medical customer
growth, each over year end 2017; projected
growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax
rate; future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future
growth, business strategy, strategic or operational initiatives;
economic, regulatory or competitive environments, particularly
with respect to the pace and extent of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for
growth in the coming years; the proposed merger (the «Merger»)
with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.
For equity markets, the combination of low interest
rates, strong
economic growth and low inflation has proved very beneficial,
with global share markets rising solidly in each of the past three years.
* Information efficiency *
Economic slack * Contained inflation * Coordinated Central Banks * The
growth of China and India and their continued purchasing of US debt * The growing perception that US dollar denominated assets are the safest assets in the world * A 30 + year trend of declining
rates that is telling us we're more adept at managing inflation
with each new cycle that passes
The New York City area,
with its many interest
rate - sensitive industries, has prospered when decision - makers in the public and private sectors could have confidence that the Federal Reserve was committed to a rigorous set of policies that promoted price stability, in a
growth - oriented
economic environment.
He has said that he is quite comfortable
with economic growth of around 2 per cent or less for 2013, even though this would not reduce the unemployment
rate, currently stuck at 7.2 per cent.
This pattern is consistent
with the historic norms: When
economic growth and the central bank policy
rate are both low, the correlation between stocks and bonds tends to be negative.
What monetary policy can do is raise or lower the
rate of money supply and credit
growth, and help to move interest
rates to levels consistent
with the goal of
economic growth with price stability.
During a period of
economic growth,
with fewer unemployed and more people employed,
rates must be lowered.
That framework's been in place since the early 1990s, we have hit the target over that 20 year period, the average inflation
rate's pretty close to 2.5 per cent, so we regard that as successful by the terms of the definition that we set ourselves and I think that's made a big contribution to
economic stability more generally and I don't think it's an accident that that period of fairly low predictable inflation has coincided
with pretty good sustained
growth in the economy.
In this article I connect the fall in the
growth rate,
with its roots in the rising costs of energy extraction and generation, to declining resilience in the
economic system.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships
with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; disruptions in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
Coupled
with low inflation and low interest
rates, this rise in income should help boost
economic growth beyond the lukewarm 1 - 2 % we've seen for the past several years.
Our view for broader and stronger
economic growth this year,
with only slightly higher interest
rates from current levels, is favorable for equity valuations — especially after the latest decline in equity prices.
As
with forward guidance, this can enhance the impact of lower policy
rates by spreading the effect to a wider range of borrowers, thereby boosting
economic growth.
This is the next great challenge for Beijing, and when the regulators finally do start to repair overextended balance sheet,
with a much higher debt - to - GDP ratio than any other country at China's stage of
economic development, according to a presentation Monday night by my very smart former student, Chen Long, I expect annual GDP
growth rates will continue dropping steadily, by 1 - 2 percentage points a year through the rest of this decade (and there has been increasing talk in the past month or two that GDP
growth rates are already 1 - 2 points below the printed
rates).
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships
with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange
rate fluctuations; risks associated
with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue
growth in its key product categories, increase its market share or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes in relationships
with significant customers and suppliers; execution of the Company's international expansion strategy; changes in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures;
economic and political conditions in the nations in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives that the Company uses; exchange
rate fluctuations; risks associated
with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events in the locations in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
After almost a decade of slow
growth, we may finally be returning to what one might call «the old normal»: faster
economic growth coming together
with the return of increasing costs, inflation, rising interest
rates, and greater volatility.
Mr. Laurier's record of governance includes liberalizing immigration policy to populate the country particularly in the new western provinces, supporting the construction of transportation infrastructure to bolster
economic development and export
growth, steadily reducing tariff
rates to provide Canada
with a tax advantage relative to the United States, and pursuing free trade and market access for Canadian goods and services.
International stocks could rise from the benefits of improved
economic growth, and hedging the currency means any dollar appreciation associated
with higher
rates won't harm investors.
With U.S.
economic growth hovering around a 1 - percent annual
rate, there is little appetite among policy makers for
growth - retarding policies.
The expanding national
economic growth in countries as China and India profit
with the
economic growth because they are the only sizeable strong and stable economies projected to record over 5 %
growth rates in 2009.
The BlackRock GPS — which combines traditional
economic indicators
with big data signals such as web searches and text mining of corporate conference calls — suggests a higher
growth rate over the coming 12 months than currently reflected in consensus estimates.
This new momentum could push global
economic growth to 3.4 % in 2017, compared
with an estimated 3 % annualized
growth rate for 2016, according to Morgan Stanley Research.
With economic growth returning to the developed world, the end of years of quantitative easing and easy monetary policy is in view; inflation concerns are reviving, guaranteeing rising interest rates along with tightening liquid
With economic growth returning to the developed world, the end of years of quantitative easing and easy monetary policy is in view; inflation concerns are reviving, guaranteeing rising interest
rates along
with tightening liquid
with tightening liquidity.
And in an interview
with Fox News on Friday, Mr. Trump said that,
with better trade deals, the United States should be able to lift the
rate of
economic growth to 5 percent or more in a few years.
It was satisfied
with the
rate of
economic growth, and expected inflation to reach its 2 percent target in 2017.
As policy continues to normalize and reach a more normal
rate and financing dynamic that is closer to being consistent
with today's levels of
economic growth and inflation, these pernicious influences should abate and confidence in corporate investment may return.
Indeed, because the level of interest
rates at any point in time is highly correlated
with the level of nominal
economic growth over the preceding decade, the relationship between starting valuations and actual subsequent S&P 500 nominal total returns is nearly independent of interest
rates.
Contrast this
with the relative certainty over U.S.
economic growth under President - elect Trump's proposed fiscal plans which gives rise to reflationary and higher U.S.
rates expectations into 2017.»
As a result, the Bank of Canada's current stance to leave interest
rates unchanged given its concerns about the country's lacklustre
economic growth could be an important catalyst for preferred share performance going forward — especially when combined
with the U.S. Federal Reserve's projections for multiple
rate hikes this year.
Natalia Orlova, head economist at Alfa Bank, said the central bank might now take more time over interest
rate cuts that could boost
growth: «Based on
economic logic... it seems to me that it is dangerous to hurry
with a
rate cut in such uncertain conditions.»
As Bank of Japan governor Haruhiko Kuroda put it: «
With the level of nominal interest rates being high, Japan's economy will have more policy room to mitigate the impact of future economic downturns, or will be equipped with a sort of insurance for sustained economic growth.&ra
With the level of nominal interest
rates being high, Japan's economy will have more policy room to mitigate the impact of future
economic downturns, or will be equipped
with a sort of insurance for sustained economic growth.&ra
with a sort of insurance for sustained
economic growth.»
In October, Fitch
Ratings upgraded Cyprus to BB
with a positive outlook: «The
economic recovery has broadened, and GDP
growth has consistently outperformed forecasts over recent years.