Ernest's Feed
Apr 20, 2014
Apr 20, 2014
Apr 20, 2014
Apr 19, 2014
Apr 17, 2014
Apr 17, 2014

Turbocharger sales help Honeywell profit zoom past forecasts

By Ernest Scheyder

(Reuters) – Diversified manufacturer Honeywell International Inc (HON.N: Quote, Profile, Research, Stock Buzz) posted a better-than-expected quarterly profit on Thursday, helped by strong sales of turbochargers to help automobiles meet fuel-efficiency standards.

The company, which also makes airplane cockpit parts, chemicals for the energy industry and scores of other electronics and equipment, said it is “cautiously optimistic” on the health of the global economy and that it still expects profit to rise at least 9 percent this year.

Apr 17, 2014
Apr 17, 2014

GE industrial profit boost underscores strategy, shares up

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co (GE.N: Quote, Profile, Research) posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.

GE, which is increasingly focusing on its traditional manufacturing businesses over its finance unit, posted an 8 percent increase in industrial revenue, even as overall company revenue fell slightly short of Wall Street’s target.

Apr 17, 2014

GE industrial profits rise 12 percent, shares up

By Lewis Krauskopf and Ernest Scheyder

(Reuters) – General Electric Co posted a 12 percent rise in overall industrial profits on Thursday, as strength in its businesses selling gas turbines, jet engines and oil industry equipment offset weakness in healthcare and transportation.

GE, which is increasingly focusing on its traditional manufacturing businesses over its finance unit, posted an 8 percent increase in industrial revenue, even as overall company revenue fell slightly short of Wall Street’s target.

Apr 16, 2014