Applied Materials commences $364 million tender offer for all Semitool shares at $11 each

Applied Materials begins offer for Semitool

United Technologies sees rise in 2010 profit as revenue remains flat

United Technologies sees 2010 profit rise

HARTFORD, Conn. — 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.

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