Nov 5 (Reuters) – General Electric Co’s $16.9 billion
purchase of the power assets of France’s Alstom is on
pace for closing in the middle of next year after passing
several steps, the head of GE’s power business said on
The U.S. conglomerate’s biggest-ever acquisition had
encountered fierce resistance from the French state earlier this
year, but Alstom said on Wednesday that the deal won official
clearance from the country’s government, as well as support from
European works councils.
Nov 3 (Reuters) – In a victory for Honeywell International
Inc, a U.S. judge rejected a bid by the Equal Employment
Opportunity Commission to stop the company from imposing
penalties on workers who refuse to be tested as part of a
corporate wellness program.
U.S. District Judge Ann Montgomery in Minneapolis denied the
EEOC’s request for a temporary restraining order, according to a
court filing on Monday.
NEW YORK (Reuters) – A day after Hewlett-Packard Co revealed plans for ground-breaking 3D printing technology, 3D-printing manufacturer Stratasys Ltd said it is expecting more competition and pointed to its strong position in a market expected to explode by the end of the decade.
Hewlett-Packard on Wednesday said it had developed 3D-printing technology that can print 10 times faster at considerably less expense than current products, and that it plans to launch the technology broadly in 2016.
Oct 29 (Reuters) – The U.S. Equal Employment Opportunity
Commission has sued Honeywell International Inc to stop
the company from imposing penalties on employees who refuse to
undergo testing under its corporate wellness program.
The lawsuit is the third case since August filed by the
federal agency challenging a corporate wellness program, with
Honeywell the biggest company to be targeted. Wellness programs
that encourage healthier habits have become increasingly popular
in Corporate America, as they promise to improve productivity,
cut absenteeism and reduce medical costs.
By Lewis Krauskopf and Rohit T. K.
(Reuters) – Eaton Corp Plc (ETN.N: Quote, Profile, Research, Stock Buzz), a maker of electrical and hydraulic systems, reported a higher-than-expected third-quarter profit on Wednesday, helped by increased sales of electrical products.
The company lowered its projected growth for its markets this year, as weakness internationally counters stronger performance in the United States.
Oct 28 (Reuters) – U.S. nuclear regulators are investigating
a leak of uranium hexafluoride that occurred on Sunday at an
Illinois plant operated by Honeywell International Inc
where union workers have been locked out.
Honeywell confirmed the Sunday evening leak at its
Metropolis, Illinois plant, saying it was due to an equipment
failure. There were no injuries and no reason to believe anyone
was endangered by the leak, according to Honeywell.
(Reuters) – 3M Co (MMM.N: Quote, Profile, Research, Stock Buzz) posted higher quarterly profit on Thursday that topped Wall Street’s estimate, reporting improved performance across its business segments but narrowing its full-year financial targets as it pointed to bigger currency impacts.
Sales from the diversified manufacturing company, excluding the impact of foreign currency translation, rose 3.9 percent. Such organic sales growth, closely watched by Wall Street, slowed from the second-quarter but was ahead of the expectation of some analysts.
(Reuters) – United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) on Tuesday posted a rise in quarterly profit, helped by a tax settlement and revenue increases across its aerospace and commercial building segments.
The diversified maker of Pratt & Whitney jet engines and Otis elevators said third-quarter revenue rose 4.6 percent, while orders increased across its main business segments.
Oct 20 (Reuters) – The shaky global economy already has
pressured shares of diversified U.S. manufacturers, and many of
these industrial companies face another worry: the drop in oil
The concern for these manufacturers is that oil and gas
customers will reduce their capital spending because of fears of
a lack of return with energy prices low.
(Reuters) – A commercial jet manufacturing boom is fueling suppliers’ profits, with U.S. corporate results on Friday underscoring strong demand from the aviation industry in a rocky global economy.
The latest earnings may steady investor confidence in manufacturers exposed to the sector, offsetting concern about other markets such as energy as well as general worry about stagnating growth outside the United States.