New aviation giant; Lego layoffs; NAFTA talks – CNNMoney

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1. Time to deal: United Technologies (UTX), a conglomerate that makes equipment for the aerospace and building industries, has announced plans to buy high-tech aerospace and defense electronics supplier Rockwell Collins (COL) for $23 billion.

The combined company would have annual sales of around $34 billion, making it the world’s fourth largest aerospace firm by revenue after Boeing (BA), Airbus (EADSF) and Lockheed Martin (LMT), according to industry website Flight Global.

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