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March 25, 2014
09:55 EDTHON, HONHouse Financial Services Committee to hold a hearing
The Committee holds a hearing entitled, "Why Debt Matters" with Chairman & CEO Cote of Honeywell on March 25 at 10 am. Webcast Link
News For HON From The Last 14 Days
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October 7, 2015
15:05 EDTHONCOM DEV approaches Honeywell, others for potential sale, Reuters says
Canadian satellite equipment maker COM DEV is in advanced talks to sell itself and has approached Comtech (CMTL), Honeywell (HON), L-3 Communications (LLL), Thales, and others, reports Reuters, citing people familiar with the matter. The auction is in its final stages, the sources told Reuters. Reference Link
October 5, 2015
16:16 EDTHONOn The Fly: Top stock stories for Monday
The Dow began the day with a triple digit jump and continued to tack on gains from there, rising nearly 2% by the time the closing bell rang. The Nasdaq and S&P also posted significant gains in the market's broad based advance. The number of advancing stocks crushed the number of declining stocks while the up volume overwhelmed the down volume. The S&P 500 is now on a five day winning streak with earnings season set to unofficially begin on Thursday, when Alcoa (AA) releases its quarterly report after the close. ECONOMIC EVENTS: In the U.S., Markit's services PMI dropped to 55.1 in the final September print, compared to the preliminary reading of 55.6 and August's 56.1 figure. ISM's services index dropped 2.1 points to 56.9 in September, versus expectations for a more modest pullback to a reading of 57.5. COMPANY NEWS: General Electric (GE) was the best performer on the Dow, advancing $1.35, or 5.3%, to $26.82 after activist investor Nelson Peltz disclosed that his firm, Trian Fund Management, has accumulated a $2.5B stake, making it one of the company's top ten shareholders. Trian, which believes GE is "executing a bold transformation" from a broad conglomerate into an industrial company, predicted that GE stock may be worth $40-$45 per share by 2017... Shares of Twitter (TWTR) rose $1.85, or 7.03%, to $28.16 after the company appointed co-founder and interim Chief Executive Jack Dorsey as permanent CEO. Analysts welcomed the news, saying Dorsey was simply "too good to pass up" despite his concurrent role as head of payments company Square. Axiom analyst Victor Anthony upgraded the stock to Buy from Hold, though the rating change was made prior to this morning's CEO news, which had been previewed last week by Re/code, was confirmed by the company... The U.S., Japan and ten other countries came to terms on the Trans-Pacific Partnership, a trade agreement meant to open agricultural markets, tighten intellectual property rules and establish a group that will have the clout to challenge China's influence in the region. Reacting to the deal, Honeywell (HON) said trade agreements like the TPP have the potential to boost exports, support jobs, and increase access abroad, while Boeing (BA) pointed out that more than 70% of its commercial airplane revenue last year came from customers outside the U.S. MAJOR MOVERS: Among the notable gainers was Spark Therapeutics (ONCE), which surged $9.09, or 20.69%, to $53.02 after the Phase 3 trial of the company's lead gene therapy product met its primary endpoint. Also higher was SunEdison (SUNE), which gained 77c, or 9.31%, to $9.04 after announcing plans to optimize its business operations by refocusing on its core markets and simplifying its structure, among other initiatives. Among the noteworthy losers were a number of Apple (AAPL) chip suppliers, with Cirrus Logic (CRUS), Skyworks (SWKS) and Avago (AVGO) falling a respective 4.5%, 1.7%, and 2.6% after Citi analysts lowered fourth quarter iPhone sales estimates. Also lower was Valeant (VRX), which lost $18.86, or 10.34%, to $163.46 after its alleged "price hike" business strategy was highlighted in reports by the New York Times and Barron's. Additionally, AtriCure (ATRC) declined 8.8% to $20.47 after releasing preliminary third quarter results and agreeing to acquire cardiac device maker nContact. INDEXES: The Dow gained 304.06, or 1.85%, to 16,776.43, the Nasdaq advanced 73.49, or 1.56%, to 4,781.26, and the S&P 500 rose 35.69, or 1.83%, to 1,987.05.
October 1, 2015
07:49 EDTHONHoneywell shares attractive after pullback, says Oppenheimer
Oppenheimer says that Honeywell has "resilient end markets" while its business is only moderately cyclical. The firm thinks that the company has already shown that it can overcome macro economic weakness this year, and Oppenheimer notes that the company's organic growth accelerated in Q2 versus Q1. It keeps a $117 price target and Outperform rating on the shares.
September 30, 2015
09:02 EDTHONHoneywell awarded $41M by U.S. Army for radar altimeter
Honeywell has been awarded $41M by by the U.S. Army to continue supplying its radar altimeters for use across the Army's full fleet of helicopter platforms.
September 28, 2015
07:11 EDTHONAuto parts makers defend diesel amid Volkswagen scandal, WSJ reports
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