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BUSINESS
December 21, 1999 | From Bloomberg News
Honeywell International Inc. said Monday it agreed to buy fire- and burglar-alarm maker Pittway Corp. for $2 billion in cash in a move to expand its security-system business. But the deal went over poorly on Wall Street, where Honeywell shares slumped 11%, losing $7.13 to $56.63 on the New York Stock Exchange. Honeywell International, the conglomerate formed Dec. 1 when AlliedSignal Inc. completed the acquisition of Honeywell Inc.
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CALIFORNIA | LOCAL
March 28, 2012 | Bloomberg News
Edson Spencer, who as head of Honeywell Inc. first battled IBM's dominance of the computer market in the 1980s, then gave in and focused his company on automation and aerospace technology, has died. He was 85. He died Sunday at his home in Wayzata, Minn., after battling progressive supranuclear palsy, a neurodegenerative brain disease, his family said. In his 34-year career at Honeywell — known as Honeywell International Inc. since its acquisition in 1999 by AlliedSignal Inc. — Spencer rose from an aeronautical engineer to the company's chief executive from 1974 to 1987.
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NEWS
November 12, 2011
Honeywell headquarters: A headline on an article in the Nov. 9 LATExtra section about a Los Angeles City Council committee vote to give Honeywell International a $97.5 million contract referred to Honeywell as an Arizona company. As the article correctly noted, Honeywell is headquartered in New Jersey. The committee discussion had focused on whether Honeywell should be disqualified because it has 9,000 workers in Arizona, which the city is boycotting over that state's crackdown on illegal immigration.
NEWS
November 12, 2011
Honeywell headquarters: A headline on an article in the Nov. 9 LATExtra section about a Los Angeles City Council committee vote to give Honeywell International a $97.5 million contract referred to Honeywell as an Arizona company. As the article correctly noted, Honeywell is headquartered in New Jersey. The committee discussion had focused on whether Honeywell should be disqualified because it has 9,000 workers in Arizona, which the city is boycotting over that state's crackdown on illegal immigration.
BUSINESS
December 13, 2004 | From Associated Press
Honeywell International Inc. is interested in buying British industrial holding company Novar for $1.5 billion, two newspapers reported on their websites Sunday. The Financial Times reported that the offer is likely to be welcomed by Novar, which was recently subject to a hostile takeover bid. And the Wall Street Journal said Novar's board already has approved the deal. Novar, which reported 2003 sales of $2.
BUSINESS
June 13, 2001 | From Reuters
European antitrust regulators weighing General Electric Co.'s proposed takeover of Honeywell International Inc. have discussed requiring the divestiture of a large part of Honeywell's aerospace operation--the very business that attracted GE in the first place, according to a source close to the talks in Brussels.
CALIFORNIA | LOCAL
November 9, 2011 | David Zahniser
A Los Angeles City Council panel voted Tuesday to recommend a contract worth up to $97.5 million for a company with 9,000 employees in Arizona, drawing complaints that such a move would violate the city's boycott of the state. The council's Energy and Environment Committee backed a 15-year agreement with Honeywell International despite opposition from Councilman Ed Reyes, a co-author of the Arizona ban. L.A.'s boycott was approved last year to protest Senate Bill 1070, the Arizona law cracking down on illegal immigration.
CALIFORNIA | LOCAL
March 28, 2012 | Bloomberg News
Edson Spencer, who as head of Honeywell Inc. first battled IBM's dominance of the computer market in the 1980s, then gave in and focused his company on automation and aerospace technology, has died. He was 85. He died Sunday at his home in Wayzata, Minn., after battling progressive supranuclear palsy, a neurodegenerative brain disease, his family said. In his 34-year career at Honeywell — known as Honeywell International Inc. since its acquisition in 1999 by AlliedSignal Inc. — Spencer rose from an aeronautical engineer to the company's chief executive from 1974 to 1987.
BUSINESS
July 3, 2001 | DAVID LAWSKY and KRISTIN ROBERTS, REUTERS
General Electric Co.'s bid for Honeywell International was near death Monday and the only remaining drama was whether the companies would withdraw the deal before the European Commission kills it today. The two companies have been "actively considering" withdrawal of the $42-billion transaction late Monday or early today, sources close to the talks said. GE had no comment on the matter.
BUSINESS
August 29, 2001
* Honeywell International Inc. said it will close two circuit-board plants in Minnesota, eliminating 690 jobs, as part of its plan to reduce expenses and improve profitability.
CALIFORNIA | LOCAL
November 9, 2011 | David Zahniser
A Los Angeles City Council panel voted Tuesday to recommend a contract worth up to $97.5 million for a company with 9,000 employees in Arizona, drawing complaints that such a move would violate the city's boycott of the state. The council's Energy and Environment Committee backed a 15-year agreement with Honeywell International despite opposition from Councilman Ed Reyes, a co-author of the Arizona ban. L.A.'s boycott was approved last year to protest Senate Bill 1070, the Arizona law cracking down on illegal immigration.
BUSINESS
December 13, 2004 | From Associated Press
Honeywell International Inc. is interested in buying British industrial holding company Novar for $1.5 billion, two newspapers reported on their websites Sunday. The Financial Times reported that the offer is likely to be welcomed by Novar, which was recently subject to a hostile takeover bid. And the Wall Street Journal said Novar's board already has approved the deal. Novar, which reported 2003 sales of $2.
BUSINESS
July 3, 2001 | DAVID LAWSKY and KRISTIN ROBERTS, REUTERS
General Electric Co.'s bid for Honeywell International was near death Monday and the only remaining drama was whether the companies would withdraw the deal before the European Commission kills it today. The two companies have been "actively considering" withdrawal of the $42-billion transaction late Monday or early today, sources close to the talks said. GE had no comment on the matter.
BUSINESS
June 13, 2001 | From Reuters
European antitrust regulators weighing General Electric Co.'s proposed takeover of Honeywell International Inc. have discussed requiring the divestiture of a large part of Honeywell's aerospace operation--the very business that attracted GE in the first place, according to a source close to the talks in Brussels.
BUSINESS
December 21, 1999 | From Bloomberg News
Honeywell International Inc. said Monday it agreed to buy fire- and burglar-alarm maker Pittway Corp. for $2 billion in cash in a move to expand its security-system business. But the deal went over poorly on Wall Street, where Honeywell shares slumped 11%, losing $7.13 to $56.63 on the New York Stock Exchange. Honeywell International, the conglomerate formed Dec. 1 when AlliedSignal Inc. completed the acquisition of Honeywell Inc.
BUSINESS
December 14, 2004 | From Associated Press
Aerospace and high-tech manufacturer Honeywell International Inc. has agreed to buy British industrial holding company Novar for about $1.7 billion, the companies said. Novar has interests in electronics, aluminum extrusion and checkbook printing. Honeywell shares rose $1.14 to $36.45 on the NYSE.
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