×

Capital Goods Industrial Conglomerates

  • A Honeywell Aerospace T55 engine at the Seoul International Aerospace & Defense Exhibition in Goyang, South Korea.

    Honeywell's CEO said a "very evolving and quickly changing industrial landscape" drove the conglomerate to pare down its business portfolio.

  • NEW YORK, Oct 10- Honeywell International Inc said Tuesday it will focus on fewer business lines, including aerospace, and use spin offs of two other businesses to help fund acquisitions. The reorganization will simplify Honeywell's broad portfolio, boost growth and give shareholders a tax-free benefit from the new companies, Honeywell Chief Executive...

  • NEW YORK, Oct 10- Diversified manufacturer Honeywell International Inc unveiled a business makeover on Tuesday that will tie its growth more strongly to aerospace technology and spin off other businesses as two publicly-traded companies by the end of 2018.. The company also raised the low-end of its full-year 2017 earnings guidance by 5 cents to between...

  • The company also raised the low-end of its full-year 2017 earnings guidance by 5 cents to $7.05- $7.10, and said it would spend the proceeds from the spin-offs on share buybacks, acquisitions and paying down debt. Honeywell Chief Executive Officer Darius Adamczyk, like his peers at other industrial conglomerates, has been under pressure to pull apart a...

  • SoftBank Group Corp. founder, Chairman and CEO Masayoshi Son.

    Son is on a mission to own pieces of all the companies that may underpin the global shifts brought on by artificial intelligence, the NYT reports.

  • Oct 10- Honeywell International Inc is expected to unveil a corporate makeover on Tuesday that ties its growth more strongly to aerospace technology- the opposite of what activist investor Third Point Capital has urged since April. Honeywell Chief Executive Officer Darius Adamczyk, like his peers at other industrial conglomerates, is under pressure to pull...

  • Oct 9- U.S. industrial conglomerate Honeywell International Inc said on Monday it would disclose the results of its portfolio review before markets open on Tuesday. Honeywell is resisting pressure from activist hedge fund Third Point LLC, which has urged the company to spin off its entire aerospace division, a move Third Point believes could create $20...

  • Losses for health care companies and banks left U.S. stocks lower Monday after a quiet day of trading. Industrial conglomerate General Electric skidded after announcing more changes in its leadership. The Russell 2000 index of smaller-company stocks dropped 6.66 points, or 0.4 percent, to 1,503.56.

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • PRAGUE— The leading candidate to become the Czech Republic's next prime minister has been charged with fraud involving $2 million in European Union subsidies. Andrej Babis, a former Czech finance minister and billionaire, says that the case is politically motivated aimed at hurting his chances in this month's parliamentary election. Another ANO official,...

  • Oct 9- U.S. industrial conglomerate General Electric Co, which major shareholder Trian Fund Management has been pressuring to conduct a more thorough restructuring, appointed the hedge fund's chief investment officer to its board on Monday. Edward Garden will replace Robert Lane, who is retiring due to health reasons after a dozen years as a director, GE said in...

  • Industrial conglomerate General Electric skidded after announcing more changes in its leadership. Companies that distribute or sell prescription drugs continued to slide following speculation that Amazon plans to get into that business, something the company has not confirmed. "There really is not much leeway there," said Mona Mahajan, U.S. investment...

  • Oct 9- U.S. industrial conglomerate General Electric Co said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors. Garden will replace Robert Lane, who is retiring due to health reasons, GE said in a statement. Nelson Peltz- led Trian, which has a stake of...

  • Oct 8- Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. The move would represent the first major shakeup at the Morris Plains, New Jersey- based company since Darius Adamczyk...

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller, who has been the head of its transportation unit, to chief financial officer, replacing Jeffrey Bornstein. The change is the latest since John Flannery took over as company CEO on Aug. 1. "Flannery wants to tell people that he is going to hold people accountable," Scott...

  • BOSTON— General Electric says CFO Jeffrey Bornstein will be leaving the company at the end of the month, the latest executive shuffle at the industrial conglomerate this week. The company said Friday that Jamie Miller, CEO of GE's transportation unit, will take over the CFO job Nov. 1. GE also said two of its vice chairs, Beth Comstock and John Rice, will retire Dec. 31.

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it promoted Jamie Miller to chief financial officer, effective Nov. 1, replacing Jeffrey Bornstein. Earlier this week, GE named CEO John Flannery chairman of the board, three months ahead of schedule, after former CEO Jeff Immelt retired earlier than expected from the chairmanship.

  • Oct 6- U.S. industrial conglomerate General Electric Co said on Friday it appointed Jamie Miller, chief executive of GE Transportation, as its chief financial officer, effective Nov. 1.

  • Oct 6- Indian oil-to-telecoms conglomerate Reliance Industries Ltd signed a deal to exit a U.S. shale asset, a move that marks the end of its seven years of investment which slumped into losses due to the global oil price downturn. Houston- based Carrizo Oil& Gas Inc, the operator of the Marcellus shale in north-eastern and central Pennsylvania, also exited its...