All articles tagged with #honeywell
Originally Published 20 days ago — by CNBC
Jim Cramer is optimistic about Nvidia's prospects in China based on recent reports and dismisses concerns related to Honeywell, indicating a positive outlook on these companies and the markets they operate in.
Originally Published 20 days ago — by Yahoo Finance
Honeywell expects to record a $470 million charge in Q4 related to a settlement in a legal dispute with Flexjet over aircraft engine maintenance, amid ongoing damages claims and a lowered profit forecast for 2025.
Originally Published 3 months ago — by BBC
Families of victims from the June Air India Flight 171 crash, which killed 260 people, have filed a lawsuit in the US against Boeing and Honeywell, alleging negligence over faulty fuel switches that caused the crash, despite safety advisories and warnings. The lawsuit claims the companies knew of the risks but did nothing to prevent the accident.
Originally Published 3 months ago — by Al Jazeera
Families of victims in the June Air India Boeing 787 crash have filed a lawsuit against Boeing and Honeywell, alleging that faulty fuel switches caused the accident, despite official reports suggesting otherwise. The lawsuit seeks damages for the deaths of 229 passengers and crew, highlighting concerns over aircraft maintenance and safety practices.
Originally Published 3 months ago — by Reuters
Families of victims from the June 2025 Air India crash have sued Boeing and Honeywell, alleging faulty fuel cutoff switches contributed to the accident, despite FAA reports suggesting otherwise. The lawsuit, filed in Delaware, seeks damages for the deaths of 260 people, and highlights concerns over maintenance and safety protocols, with experts debating the switches' role in the crash.
Originally Published 3 months ago — by CNBC
Families of victims from the June Air India Flight 171 crash sued Boeing and Honeywell, alleging negligence over a faulty fuel cutoff switch that contributed to the crash, which killed 260 people. The lawsuit claims the switch's design and known risks were ignored, leading to the tragedy. Both companies have not commented, and the case is the first U.S. lawsuit related to the crash.
Originally Published 4 months ago — by TipRanks
Quantinuum, a quantum computing joint venture of Honeywell, raised $600 million at a $10 billion valuation, with Nvidia and other major investors participating, marking a significant step in the quantum industry and hinting at potential IPO plans for 2027.
Originally Published 4 months ago — by TipRanks
Honeywell's quantum computing division has raised $600 million in funding, valuing the arm at $10 billion, highlighting significant investor confidence in quantum technology advancements.
Originally Published 4 months ago — by Bloomberg.com
Nvidia's venture arm has invested in quantum computing company Quantinuum, valuing it at $10 billion, as part of a $600 million funding round, highlighting Nvidia's strategic move into quantum technology to enhance its computing capabilities and prepare for future disruptions in the industry.
Originally Published 6 months ago — by Barron's
Honeywell's stock rose as the company announced it is exploring strategic options for its Productivity Solutions and Services (PSS) and Warehouse and Workflow Solutions (WWS) businesses, which may involve selling these units. This move is part of a broader plan to split into three separate companies focused on automation, aerospace, and advanced materials, with the goal of simplifying operations and increasing value. The automation segment, which includes PSS and WWS, is being emphasized as a core growth area, and the company expects to complete the spin-off of its materials business by year-end and the separation of automation and aerospace by 2026. Investors seem optimistic about the potential value creation from this breakup.
Originally Published 1 year ago — by Greater Baton Rouge Business Report
Community Coffee launched a new campaign called "Generations" to connect with younger consumers while honoring its history. The Louisiana Public Service Commission approved the sale of CenterPoint Energy's natural gas assets to Delta Utilities, expected to close in March 2025. Honeywell agreed to sell its personal-protective-equipment business to Protective Industrial Products for $1.33 billion, with the deal closing in the first half of next year.
Originally Published 1 year ago — by Financial Times
Elliott Management has acquired a $5 billion stake in Honeywell International, advocating for the industrial conglomerate to split into two separate businesses: its aerospace division and its automation division. This move aligns with Elliott's strategy of making concentrated investments, as seen with its stakes in Texas Instruments and Southwest Airlines. Honeywell's management is open to engaging with Elliott, as the company has already been simplifying its portfolio under CEO Vimal Kapur. The proposed breakup follows a trend among industrial conglomerates like GE and 3M, which have spun off divisions to enhance focus and valuation.
Originally Published 1 year ago — by CNBC
Activist investor Elliott Management has acquired a $5 billion stake in Honeywell and is advocating for the industrial conglomerate to split into two separate companies, focusing on its Aerospace and Automation divisions. Elliott argues that this breakup could increase Honeywell's value by up to 75% over two years, citing underperformance and a complex corporate structure as reasons for the move. This push aligns with a broader trend of dismantling conglomerates, as seen with companies like General Electric. Honeywell has acknowledged Elliott's perspective and is open to discussions.
Originally Published 1 year ago — by Investor's Business Daily
Quantum computing startup Quantinuum, in partnership with Microsoft, has achieved a significant milestone in quantum error correction, a crucial advancement in the field of quantum computing. This emerging technology utilizes subatomic processes and exotic technologies to perform complex calculations at an accelerated pace. With Honeywell as the majority shareholder, Quantinuum's use of "trapped-ion" quantum computing technology sets it apart in the industry. As quantum computing gains traction, major players like Microsoft and public companies such as D-Wave, Rigetti, IonQ, and Quantum Computing are making strides in this space, with cloud computing giants like Amazon Web Services offering access to quantum computing technologies for pilot projects.
Originally Published 1 year ago — by CNBC
Analysts have made significant calls on several major companies, including Nvidia, Apple, Micron, Honeywell, and Boeing, providing insights and recommendations for investors.