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James Renier

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BUSINESS
June 8, 1992 | From Times Staff and Wire Reports
Honeywell Chairman to Have Heart Surgery: James Renier, chairman and chief executive of Honeywell Inc., is to undergo heart bypass surgery today, the company said. Renier, 62, has been treated over the last 11 years for a heart ailment, and the non-emergency bypass surgery is part of that treatment, the company said. At the request of Renier and his doctor, Honeywell spokesman Kevin Whalen did not elaborate on the nature of Renier's ailment.
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BUSINESS
June 8, 1992 | From Times Staff and Wire Reports
Honeywell Chairman to Have Heart Surgery: James Renier, chairman and chief executive of Honeywell Inc., is to undergo heart bypass surgery today, the company said. Renier, 62, has been treated over the last 11 years for a heart ailment, and the non-emergency bypass surgery is part of that treatment, the company said. At the request of Renier and his doctor, Honeywell spokesman Kevin Whalen did not elaborate on the nature of Renier's ailment.
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BUSINESS
May 22, 1986
James J. Renier, vice chairman of Honeywell, has been elected to the new positions of president and chief operating officer of the diversified technology giant. Renier, 56, joined Minneapolis-based Honeywell in 1956 as a senior research scientist and has been vice chairman since 1982. Renier will report to Edson Spencer, chairman and chief executive, who said: "The election of Jim Renier to this new position will enable me to focus on Honeywell's long-range opportunities."
NEWS
July 9, 1991 | From Associated Press
President Bush said Monday that he intends "to put the arm" on businesses to finance a campaign for improving the nation's public schools. At a sweltering Rose Garden ceremony, he also introduced the board of directors to run the New American Schools Development Corp., which will spearhead a $150-million to $200-million fund-raising drive. Bush said businesses already have pledged $30 million. "We don't want gold-plated schools. We just want those results to be gold-plated," he said.
BUSINESS
March 12, 1991
Former Small Business Administration chief Susan E. Engeleiter plans to join Minneapolis-based Honeywell Inc. as a vice president. Beginning April 1, Engeleiter will assist Chairman and Chief Executive James J. Renier with marketing and public relations projects, according to a Honeywell spokeswoman. President Bush appointed Engeleiter to run the SBA in April, 1989. At the SBA, she was responsible for 4,000 employees, 100 offices and an operating budget of $380 million.
BUSINESS
July 25, 1989 | From Reuters
Honeywell Inc. on Monday announced a program of layoffs, stock buybacks and asset sales that will reduce its dependence on its weapons business, sending its stock sharply higher on the New York Stock Exchange. The stock of the diversified manufacturing company closed $3.875 higher at $89.375 in heavy trading after the Minneapolis-based company made the announcement, which was aimed at boosting its stock price and its profits.
BUSINESS
February 11, 1989 | From Times Wire Services
Honeywell Inc., the Minneapolis electronics giant that has been streamlining its operations for the last two years, Friday reported a fourth-quarter loss of $483 million, largely due to charges stemming from the corporate overhaul. The company said quarterly sales slipped to $1.93 billion, down 3% from a year earlier, when it turned a profit of $86.1 million. In Friday's trading on the New York Stock Exchange, Honeywell shares fell $2.125 to $64.875.
BUSINESS
December 21, 1988 | Associated Press
Honeywell Inc. unexpectedly announced Tuesday that it could lose more than $400 million in 1988, largely because of abnormal tax expenses, and that it planned to eliminate 1,200 jobs. The defense contractor and building controls maker, which employs 79,000 worldwide, also announced that James J. Renier, president and chief executive, would replace retiring Chairman Edson W. Spencer. Honeywell had earnings of $86.1 million, or $1.99 a share, in the fourth quarter of 1987.
BUSINESS
July 24, 1989 | From Associated Press
Honeywell Inc., the subject of intense takeover speculation for the past two weeks, today announced a major restructuring program that includes reducing its weapons business and cutting 4,000 jobs. The company said it also planned to repurchase up to 10 million shares of its common stock on the open market and to sell a "substantial portion" of its 50% stake in Yamatake-Honeywell, a Japanese controls maker. Analysts have valued that holding at nearly $1 billion.
BUSINESS
September 1, 1988 | NANCY YOSHIHARA, Times Staff Writer
Honeywell said Wednesday that it plans to sell four units of its space and aviation systems business, including the Training and Control Systems division it started in West Covina in 1956. The Minneapolis firm said it has put the four divisions--all military suppliers--up for sale to focus on three core businesses: commercial aviation, military avionics and space markets. Industry analysts estimated that the units could sell for as much as $500 million.
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