The number of business aircraft flights is down in the U.S. and Europe because of high fuel prices and the slowing global economy, according to a Honeywell Aerospace.

Diversified manufacturer Honeywell International Inc. said Monday its latest engine will power the new Gulfstream G250 business jet under an agreement with a unit of General Dynamics Corp.

By Scott Malone

By Scott Malone

By Scott Malone and Nick Carey

By Scott Malone and Nick Carey

The Air Force has awarded a $24.7 million contract to a division of Honeywell International Inc. for missile work.

Honeywell International Inc. said Tuesday it is selling weather radar systems to European aerospace company Airbus in a deal worth $300 million.

Shares of industrial conglomerates sank Monday afternoon along with the broader market as investors fears grew that the ongoing credit crisis will dampen economies globally.

An analyst upgraded shares of three electrical equipment makers Friday, noting the sector has fallen 27 percent year to date amid expectations that "are pretty low."

A Phoenix community leader is being denied permission to participate in a court case involving a major environmental settlement that would help pay for a multistate effort to combat climate change.

Industrial manufacturer Honeywell said Tuesday it has developed a new nitrogen-based fertilizer that is difficult to ignite — a discovery that could reduce criminals' ability to make explosives used in major terrorist attacks like the Oklahoma City bombing.

CEOs from various industries gathered to talk about the recent events in the economy and its affects on their companies. Watch the following videos for what each had to say.

Honeywell International Chief Executive David Cote said Friday there are signs that the global economy is slowing, but so far the trends remain "very good" for the company's business.

After years of false starts, a new industry selling motor fuel made from waste is getting a big push in the United States, with the first commercial sales possible within months.