U.S. Banks passed the Federal Reserve stress tests but Bank of America passed only provisionally and could still fail later this year. European banks Deutsche Bank and Santander failed the tests outright. United Technologies is mulling a spin-off of its Sikorsky Helicopter Unit. CEO Gregory Hays says they have launched a strategic review of the unit and will do “what’s in the best interest of long term success for the company.” Possible options include a seperately traded unit. Lumber Liquidators will hold a conference call today where CEO Tom Sullivan promises to tell the “real story” about the company after a scathing ’60 Minutes” report that alleged it’s flooring had cancer causing chemicals.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
