Market News: Pfizer Inc. (NYSE:PFE), Marathon Oil (NYSE:MRO), United Technologies Corp. (NYSE:UTX)

Here is another batch of stock briefings which may affect trading on world markets later today. The following listed companies should see some movement: Pfizer Inc. (NYSE:PFE), Marathon Oil (NYSE:MRO), United Technologies Corp. (NYSE:UTX). Here is a more detailed look at the news that will affect each company when trading continues. Pfizer Inc. (NYSE:PFE) Pfizer (NYSE:PFE) has bought a 40% stake in Brazilian generic drug maker Teuto. The stake worth $240 will help Pfizer (NYSE:PFE) to increase its participation in Brazils pharmaceutical market. Pfizer (NYSE:PFE) has also an option to buy the remaining stake of Teuto by 2014.The company said in an official statement that .” The deal shows the company’s commitment to pursue focused investments in key emerging markets to accelerate our growth and increase patient access to high-quality medicines.” Marathon Oil (NYSE:MRO) Marathon Oil (NYSE:MRO) has signed a contract for acquiring oil exploration blocks in Kurdistan region of Iraq. The new contract signed by Marathon Oil (NYSE:MRO) recently helps the company operate and take 80% share in two blocks and 20% working interest in other two. This will also boosts company's crude production. This contract marks the entry of Marathon Oil (NYSE:MRO) into Iraq, which has now operations in Canada, Angola and Libya. "The company will open and staff an office in the region," a spokeswoman said. United Technologies Corp. (NYSE:UTX) United Technologies (NYSE:UTX) has raised its third quarter profit up to 13%. Following gains in its Pratt&Whitney jet engines business, and the purchase of GE Security helped United Technologies (NYSE:UTX) to grow more than estimated. Chairman and Chief Executive Louis Chenevert said that “additional restructuring is in store as commercial aerospace aftermarket orders have rebounded nicely but the commercial construction markets remain weak." United Technologies (NYSE:UTX) has raised its full year guidance to $4.70 per share on an annual basis. Expect more movement when trading continues for Pfizer Inc. (NYSE:PFE), Marathon Oil (NYSE:MRO) and United Technologies Corp. (NYSE:UTX).
tdp2664
E money daily