Honeywell to realign business segments to boost growth

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The development comes as aviation suppliers are seeing a faster-than-expected rebound in air travel. Its new segments will be automation, the future of...

- Honeywell International is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday.The Charlotte, North Carolina-based company's shares were up 1.43%, at $189.17 before the bell."This simplified structure will enable Honeywell to realize synergies that will accelerate our innovation playbook," Chief Executive Officer Vimal Kapur said.

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'The whole banking sector is uninvestable': Steve Eisman of 'Big Short' fame warns about mounting challenges for financial institutions. Here's what he's betting on instead -- Executives at one of China’s largest copper trading houses have lost contact with the company’s founder and believe that he has been detained by police for questioning, according to people familiar with the matter.

 

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