United Technologies' stock has bounced back just a day after the departure of CEO Louis Chenevert. Shares in the Hartford based conglomerate ended Monday down 1.4 percent, following the shock announcement that former CFO Greg Hayes would take over the top slot.
But the stock is up once again in Tuesday trading, following a ratings upgrade. Wells Fargo moved UTX from “market perform” to “outperform,” saying the risk/reward equation has become more attractive after the shake-up.
Legal Software Firm Attracts Cash
Connecticut Innovations has announced an investment in a Stamford firm that applies artificial intelligence to legal documents. eBrevia’s software is designed for law firms that want to automate the analysis of some documents, and track obligations in existing contracts. CI provided $500,000 of a $1.5 million funding round. It’s the agency’s third investment in eBrevia.
Land of Steady Habits
Nutmeggers have a reputation for being frugal, and a new survey confirms it’s true. Personal finance site WalletHub ranks the state at 46th in terms of personal spending. The report looked at per-capita personal consumption, auto and credit card debt, and savings among other metrics. Mississippians came in the number one spot as the biggest spenders in the U.S.
