Honeywell International Inc., a maker of aerospace parts and solvents, is increasing its investment rate to meet higher demand for newly developed chemical products, Chief Executive Officer Dave Cote said.
Honeywell International Inc., whose political action committee donates more money than any other corporate PAC, and the U.S. Chamber of Commerce, which spends more to lobby Congress than anyone else, saw long-sought legislation on asbestos claims advance in Congress today.
Prospects for a recovery in U.S. corporate profits this year are dimming after third-quarter earnings growth slowed and the federal government’s shutdown hindered trade and threatened to crimp consumer spending.
Honeywell International Inc., the maker of products from thermostats to flight controls, agreed to buy a 40-acre campus in Morris Plains, New Jersey, to use as its new headquarters, scuttling plans to redevelop its current home.
Federal Reserve Bank of Boston President Eric Rosengren, a consistent backer of record stimulus who votes on policy this year, said the Fed refrained from tapering its bond purchases last month because growth was lower than forecast and fiscal policy posed a risk to the outlook.
Chief executive officers at companies ranging from Honeywell International Inc. to JetBlue Airways Corp. said that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound.
The skyline of the city of Herat, in the westernmost corner of Afghanistan, is dominated by the Qala Ikhtyaruddin, a 700-year-old stone citadel. On a chilly December afternoon, as the sun begins to dip, the citadel’s grounds are largely unoccupied. The general public isn’t allowed in until renovations to the time-ravaged site are finished. Paid for in part by a $725,000 grant from the U.S. government, the project is scheduled to be completed at the end of 2011.