Nomura Securities International Inc. said that Shannon O’Callaghan will join the firm as a managing director and senior analyst for the electrical equipment and multi-industry sector in U.S. equity research. The information came in an e-mailed statement.
SPX Corp., which ended talks to buy equipment maker Gardner Denver Inc. last year, is poised to become a target itself after activist Relational Investors LLC urged it to shed assets and focus on industrial pumps.
Honeywell International Inc. said second-quarter profit advanced 43 percent, bolstered by demand for coolants at its chemical specialty unit and spare parts in the aerospace division. The company raised its full-year earnings forecast.