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Stock Market & Financial Investment News

News Breaks
January 24, 2014
09:29 EDTHONHoneywell expects $100M gain from sale of B/E Aerospace shares in Q1
The projects funded in Q4 are estimated to yield about $50M in benefits in 2015. For the FY14, the company expects $130M pension income lift compared to the previous year. Honeywell said the recently announced sale of Friction Materials is expected to close in 2H14, but it will remain a part of their FY14 outlook until that point. The company expects to issue new 5-year targets through 2018 at its upcoming March Investor Day. Comments taken from q4 earnings conference call.
News For HON From The Last 14 Days
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September 2, 2015
07:11 EDTHONHoneywell bucks trend by being rewarded for staying diversified, WSJ says
With rivals large and small, from General Electric (GE) to Danaher (DHR) to Johnson Controls (JCI), breaking up, Honeywell (HON) has been rewarded by investors for bucking the trend and remaining a diversified conglomerate, said The Wall Street Journal. In the thirteen years under current CEO Dave Cote, Honeywell has added about $12B in annual sales via 84 acquisitions, while its 194% gain is more than twice the S&P 500 increase over the same period, the report noted. Reference Link
September 1, 2015
09:07 EDTHONUOP technology selected by ANRPC as part of $300M project
UOP LLC, a Honeywell company, announced that Egypt's Alexandria National Refining & Petrochemicals Company will use UOP technology and equipment as part of a $300M, multi-year project to expand an existing, state-of-the-art gasoline production facility to meet growing domestic demand for high-octane gasoline. ANRPC will add a second UOP CCR Platforming process unit, including a modular CCR section, at the facility in Alexandria to produce high-quality reformate, which is used to produce high-octane, low-sulfur gasoline. ANRPC installed the first UOP CCR unit at the site in 2001.

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