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Honeywell International Corp

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BUSINESS
July 25, 2001 | From Associated Press and Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
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BUSINESS
July 25, 2001 | From Associated Press and Bloomberg News
McDonald's Corp. on Tuesday reported a 16% drop in profit, its third straight quarterly decline, as the burger giant's stock rose modestly on its latest assurance that beef safety fears are easing in Europe, its top international market. Squeezed by weak foreign currencies and other concerns, McDonald's said it may close as many as 250 under-performing restaurants this quarter, primarily in emerging international markets.
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BUSINESS
June 14, 2001 | Reuters
General Electric Co. Chief Executive Jack Welch met with European Competition Commissioner Mario Monti in Brussels, offering to divest more units to soothe antitrust worries and win approval to purchase Honeywell International Corp., sources said. GE faces a deadline of midnight tonight, Brussels time, to make its final offer and close the $42-billion acquisition.
BUSINESS
June 19, 2001 | From Associated Press
Honeywell International Corp. on Monday reaffirmed its full commitment to its troubled deal with General Electric Co., despite objections by European Union regulators with competition concerns about the $41-billion merger. Honeywell's board of directors "expects that GE will do everything possible to secure regulatory approval for the transaction," the company said in a statement after the board of directors met at the company's Morris Township, N.J., headquarters.
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