Market recap: Honeywell shares rise as earnings beat estimates
- Minneapolis Star Tribune
Earnings bounce: Honeywell
shares rose 3.8 percent to $153.13 Friday after the company reported a better-than-expected quarterly profit and raised its 2018 profit forecast for the third time as it benefits from increased demand for aircraft parts and ...
Microsoft and Honeywell rally while Skechers and GE slip
NEW YORK – Stocks that moved substantially or traded heavily Friday: Microsoft Corp., up $1.87 to $106.27. The technology company had a strong fiscal fourth quarter as its cloud computing business kept growing. Skechers USA Inc., down $6.98 to $26.27.
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Honeywell International Inc. is an American multinational conglomerate company that produces a variety of commercial and consumer products, engineering services and aerospace systems for a wide variety of customers, from private consumers to major corporations and governments. The company operates four business units, known as Strategic Business Units – Honeywell Aerospace, Home and Building Technologies (HBT), Safety and Productivity Solutions (SPS), and Honeywell Performance Materials and Technologies.Honeywell is a Fortune 100 company. In 2016, Honeywell ranked 73rd in the Fortune 500. Honeywell has a global workforce of approximately 130,000, of whom approximately 58,000 are employed in the United States. The company is headquartered in Morris Plains, New Jersey. Its current chief executive officer is Darius Adamczyk. The company and its corporate predecessors were part of the Dow Jones Industrial Average Index from December 7, 1925 until February 9, 2008.The company's current name, Honeywell International Inc., is the product of a merger in which Honeywell Inc. was acquired by the much larger AlliedSignal in 1999. The company headquarters were consolidated with AlliedSignal's headquarters in Morristown, New Jersey; however the combined company chose the name "Honeywell" because of its superior brand recognition. In 2015, the headquarters were moved to Morris Plains.Honeywell has many brands that commercial and retail consumers may recognize, including its line of home thermostats (particularly the iconic round type) and Garrett turbochargers. In addition to consumer home products, Honeywell itself produces thermostats, sensors, security alarm systems, and air cleaners and dehumidifiers. The company also licenses its brand name for use in various retail products made by partner manufacturers, including air conditioners, heaters, fans, security safes, home generators, and paper shredders.
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CFO Magazine LabCorp , one of the largest medical diagnostics companies in the United States, has disclosed it was hit by a ransomware attack, highlighting the vulnerability of health organizations to data breachesLabCorp first reported the breach on Monday
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